Brazilian growth forecast reduced to 2.05%

Source: Reuters
The Central Bank of Brazil predicts the country's economy too grow by 2.05% in 2012 compared to 2.18% initially projected. The reasons for growth forecast cut are high labor expenses and weaker global demand,  which impacted investments in the country's economy. In view of softer economic expansion, experts expect the central bank to lower interest rates to all-time low of 7.5% by the end of the year, down from the instant rate of 8.5%. 
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Tue, 03 Jul 2012 12:16:35 GMT

European stocks rise; Barclays in the spotlight

Mining and drug stocks rallied, sending European stocks into positive area on Tuesday, whilst the departure of Bob Diamond, Barlays PLC Chief Executive Officer, put banks in focus. The Stoxx Europe 600 index increased by 0.5% with support of 1.7% Novo Nordisk AS benefit and 1.5% Rio Tinto PLC boost. Barclays' shares fluctuated but later finally gained 0.6%. The FTSE

Tue, 03 Jul 2012 11:52:34 GMT

US office market recovery slows down

According to Reis Inc., US office property market, which started to regain strength 1.5 year ago, decelerated its speed of recovery in the last three months. Increased unemployment and uncertain economic outlook both weighted down on the office market . As a result, there was no change in vacancy rate and slight lift in prices. Businesses seem to be skeptical

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