SAO PAULO, May 25- Brazilian equities rose on Wednesday after interim President Michel Temer's government cleared its first major test in Congress, gaining permission to post a record budget gap this year. "The honeymoon is over and Temer is taking his first steps in Congress," said Jaime Ferreira, head trader at Intercam brokerage in São Paulo.
BRASILIA, May 25- Brazil's Congress early on Wednesday approved the government's new fiscal deficit target for 2016, in a victory for the country's new administration rattled by the resignation of a key minister initially charged with drawing up the goal. The new deficit target, nearly double what Rousseff had projected, could open the way for more spending...
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American retailers already operate in more foreign countries than Asian and European retailers do, but the gap is now widening.
LONDON, May 23- Oil discoveries in 2015 fell to their lowest since 1952 as energy companies slashed exploration budgets in the wake of the oil price fall, creating a gap for meeting future demand, analysts at Morgan Stanley said on Monday. The oil and gas industry discovered 2.8 billion barrels of oil outside the United States last year, the equivalent of one month...
BRASILIA, May 20- The Brazilian government expects a record budget shortfall this year as a two-year recession drags down revenues, but policymakers vowed new austerity measures to regain investors' confidence in the once-booming economy. Finance Minister Henrique Meirelles said the target could be reduced if Congress approves austerity measures to be...
Gap Inc., up 73 cents to $18.01. Applied Materials Inc., up $2.75 to $22.66. Interoil Corp., up $11.92 to $43.57.