Brazil’s economy appears to be on a stronger footing than most observers had believed, official figures showed on Tuesday, with growth in the third quarter beating expectations and previous readings going back to last year being revised higher. The faster growth so far this year and over the course of 2018 shows that Latin America’s largest economy steered clearer of recession than previously thought, and is accelerating into the year end. Reuters reports. SoftBank invests $100 million in Mexico’s Konfio Three months after Goldman Sachs lent $100 million to Mexican fintech Konfio, SoftBank has invested another $100 million into the financial services company. The investment confirms a Reuters’ August report that SoftBank was in advanced talks with the […]
Brazil GDP surprise shows economy in better shape than thought
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The AFL-CIO, the biggest U.S. labor federation, on Monday...