Brazil recession: GDP plunges 1.9 percent in second quarter
RIO DE JANEIRO (AP) -- The bottom seems to have fallen out of Brazil's economy, with the government reporting Friday that the gross domestic product plunged 1.9 percent in the second quarter alone, once again throwing the nation into a technical recession....

US oil prices climb again after Thursday's big jump
NEW YORK (AP) -- Oil prices surged again Friday, a day after recording their biggest gain in more than six years....

Big Lots and Splunk are big market movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:...

Greek economic growth in second quarter revised up
ATHENS, Greece (AP) -- Greece's statistics agency says the country's economy grew slightly faster than earlier forecast in the second quarter of the year....

Japan reports inflation, household spending soften in July
TOKYO (AP) -- The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan's....

The US economy's second quarter went from solid to stellar
WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds....

Obama calls on Congress to pass budget without drama
WASHINGTON (AP) -- President Barack Obama is highlighting good economic news during a period of wildly erratic stock markets to make the case the United States remains an anchor of global strength....

Oil jumps 10 percent for biggest one-day gain since 2009
NEW YORK (AP) -- Oil soared more than 10 percent Thursday, its biggest one-day gain since March 2009, lifted by resurgent global stock markets and a report showing the U.S. economy grew faster than previously reported in the second quarter....

Port operator DP World half-yearly profits up 22 percent
DUBAI, United Arab Emirates (AP) -- Dubai-based international port operator DP World says its net profits for the first half of the year reached $405 million, up 22 percent compared to the same period last year....

Philippine economy grew 5.6 pct in the second quarter
MANILA, Philippines (AP) -- The Philippine economy grew by 5.6 percent in the second quarter from a year ago, slightly below the government's target, officials said Thursday....

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