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Rio to host BRICS summit wary of Trump
Rio to host BRICS summit wary of Trump
Business and Economy
by  AFP

A summit of BRICS nations will convene in Rio de Janeiro on Sunday and Monday, with members hoping to weigh in on global crises while tiptoeing around US President Donald Trump's policies. Brazil nevertheless hopes that countries can take a common stand at the summit, including on the most sensitive issues.

As US stocks hit records, experts see the dollar falling further
As US stocks hit records, experts see the dollar falling further
Business and Economy
by  AFP

While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial market turmoil ahead. According to the ICE US Dollar Index, a basket of seven currencies, the dollar fell 10.7 percent through the end of June, the biggest drop in the first six months of a year since 1973.

World Bank's IFC ramps up investment amid global uncertainty
World Bank's IFC ramps up investment amid global uncertainty
Business and Economy
by  AFP

While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities. The Washington-based IFC -- the World Bank's private sector arm -- mobilizes private capital and provides financing to support businesses across emerging economies.