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The ‘Calamitous Club’ has a new member: Brazil

According to research from Deutsche Bank, surging inflation puts Brazil squarely in the company of the Calamitous Club.

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Pacific trade round ends in deadlock

An agreement on one of the largest trade agreements ever ended in deadlock, The NYT reports.

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Gloves, gas and White Castle: The week that was

In no particular order, several things that may have slipped below your radar this week.

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Is the Asian tech boom about to bust?

Optimism and concern at HK’s tech conference

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Merkel eying fourth term as Chancellor: German media

Angela Merkel, the German Chancellor who is one of the key figures in the European debt crisis, is considering running for a fourth term in office.

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Bitcoin chief arrested in Japan

The founder of MtGox – once the world’s biggest bitcoin exchange – is arrested by Japanese police investigating losses of nearly $400m.

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Mt. Gox bitcoin exchange head arrested

The head of the failed Japan-based bitcoin exchange Mt.Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million.

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‘Progress’ but no deal at TPP talks

Twelve Pacific nations fail to agree a regional trade deal which would cover 40% of the world economy, despite talk of “significant progress”.

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Puerto Rico to miss debt payment, signalling default

Puerto Rico will miss a debt repayment Saturday, the government confirmed, as one of the largest ever US municipal debt restructurings beckons.

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Jobs data big, but no slam dunk for rate hike

August is here, bringing the final few pieces of data the Fed has left to consider before September.