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Millions
of people participated in rallies across Brazil against the government of Dilma
Rousseff, the biggest protests the country has seen since the era of military
rule. They were angered by a political scandal centred on Petrobras, the
state-controlled oil giant, as well as high inflation and a weak economy. Many
protesters demanded the president’s impeachment, although she has not been
charged with wrongdoing SEE ARTICLE » MORE FROM: POLITICS THIS WEEK »
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In
its latest policy statement the Federal Reserve removed a promise to be
“patient” before raising interest rates, giving itself more flexibility to lift
rates for the first time since 2006. But it also lowered its forecasts for
growth and inflation, suggesting that an increase may not come until the latter
part of the year SEE ARTICLE » MORE FROM: BUSINESS THIS WEEK » |
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