Brazil introduced $60bn economic stimulus package

Note: This section contains information in English only.
Source: BBC
On Wednesday, August 15, Brazil's government announced the first pace of an economic stimulus plan to boost the nation's economy.  According to the plan, more than $60bn will be aimed at Brazil's infrastructure, particularly roads and railways. Meanwhile, Brazil's economy is expected to grow only 2% in 2012, compared with a 7.5% growth in 2010. Nation's leaders hope that the economy will benefit from the Olympic Games in 2016.
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Wed, 15 Aug 2012 19:34:32 GMT

Gold edged higher on Wednesday

Gold futures edged higher on Wednesday, after early losses, and aimed to break the period of two loss sessions. Bullion for December settlement added 0.3%, to $1605.30 per ounce, before dipping under $1600; September silver jumped 0.3%, to $27.84 per ounce. On the contrary, other precious metals depreciated, with copper, palladium and platinum all for September delivery erasing 0.1%, 0.4% and 0.1%, respectively.

Thu, 16 Aug 2012 13:03:29 GMT

Oil futures tumbled on data

Crude oil futures tumbled on Wednesday, as stockpiles rose unexpectedly. Crude with September contract erased 0.2%, to $93.26 per barrel, after jumping 0.8% on Tuesday. The American Petroleum Institute's report showed that inventories added 2.8 million-barrel, while experts predicted a decline. At the same time, gasoline stockpiles dropped by 2.3 million barrels, pushing gasoline for September delivery higher by 0.8%, to $3.02 per gallon.

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