Spain May Be Able to Use EU Funds to Buy Public Debt
Spain may be able to use European Union bailout funds to buy public debt and thus alleviate the pressure on its borrowing cost and lower the risk premium, reports El Pais in its Thursday Internet edition, citing EU documents.
Brazil Redecard 2Q Net Profit Up 20% on Year
Brazilian credit-card networking services provider Redecard SA (RDCD3.BR) said second-quarter net profit rose 20% year-on-year as a sluggish local economy failed to undercut credit-card use in Latin America's largest economy.
Indonesia Supreme Court Rejects Agency's Appeal Vs Pfizer
Special to Dow Jones Newswires JAKARTA--Indonesia's Supreme Court said Wednesday it has rejected an appeal filed by the country's antitrust agency on a case against Pfizer Inc. (PFE), its affiliates and an Indonesian company, affirming an earlier ruling by a district court.