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.
Pacific trade round ends in deadlock
An agreement on one of the largest trade agreements ever ended in deadlock, The NYT reports.
Gloves, gas and White Castle: The week that was
In no particular order, several things that may have slipped below your radar this week.
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.
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.
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.
‘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”.
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.
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.