By Jamie McGeever BRASILIA (Reuters) – Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear. Hopes for any growth this year have all but evaporated. Many observers expect Brazil’s $1.8 trillion economy to post […]
MADRID (Reuters) – Spain’s new government on Wednesday announced a 5.5% rise in the minimum wage retroactive to Jan. 1, the third major economic initiative the left-wing coalition has announced since taking office this month. The government’s move is part of a plan to boost the net minimum wage to 60% of the average monthly […]
You can make a lot of money betting on government bailouts. Swooping in to buy the dirt-cheap stocks and bonds of troubled entities is a time-honored — and profitable — tactic throughout the investing world. When deep-pocketed public saviors come forward, such a wager can pay off handsomely. Given the vital role it plays in […]
