The Brazilian government said on Wednesday it will keep its 2.3% economic growth forecast for the year. Meanwhile, the inflationary projection has been raised marginally to 4.9% this year from 4.8% previously estimated in February.The adjustments are based on “marginal changes” in the Brazilian economic landscape, as the country attempts to…

Famed investor Jim Cramer does not agree with the US Treasury Secretary Scott Bessent on continued weakness in US stocks.Bessent is comfortable with a more than 10% decline in the benchmark S&P 500 index over the past month since corrections are “normal” and healthy”.However, a former hedge fund manager disagrees…

US stocks climbed on Wednesday after the Federal Reserve decided to keep interest rates unchanged, as investors assessed the potential economic impact of President Donald Trump’s tariff policies and the central bank’s outlook.The Federal Reserve maintained its benchmark interest rate in the 4.25%-4.50% range, in line with expectations, and projected…

Burger King UK, the main operator of the fast-food chain’s British business, is set to begin discussions with lenders for a major refinancing deal nearly eight years after it was acquired by private equity firm Bridgepoint, according to a report by Sky News. The company is looking to secure an…

Retail stocks are looking more attractive after a more subdued inflation data for February.Last week, the Bureau of Labour Statistics reported the consumer price index at 0.2% for the month and 2.8% for the year. Economists, in comparison, were at 0.3% and 2.9%, respectively.Easing inflation tends to be a positive…

The European Commission is planning to significantly reduce sugar imports from Ukraine, according to a Reuters report. This decision comes after EU producers voiced concerns that the influx of Ukrainian sugar has led to a dramatic drop in sugar prices.The EU has faced a larger dilemma in the last three years,…