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(MENAFN - AFP) Brazil's stock market and currency tumbled on signs that President Dilma Rousseff is making up ground on her main challenger less than a week before the country's elections.

The nation's benchmark Bovespa index fell 4.52 percent on Monday, while the real slipped 1.67 percent against the dollar to 2.457 from Friday's close -- its lowest level in six years.

Investors ...

 
(MENAFN - AFP) US oil prices rose sharply Monday at the start of a busy week of economic data expected to further strengthen confidence in the comparative strength of the American economic recovery.

US benchmark West Texas Intermediate (WTI) for November delivery gained $1.03 to close at $94.57 a barrel on the New York Mercantile Exchange.

European benchmark Brent oil ...

 
(MENAFN - AFP) The prospect of the EU accusing Apple of getting illegal tax breaks in Ireland has reopened a debate on how European countries attract multinational businesses and puts Dublin back in the spotlight.

The US tech giant, which has had its European base in Ireland since 1980, may have to repay billions of dollars if Brussels rules that its sweetheart tax arrangements ...

 
(MENAFN - AFP) Dilma Rousseff is struggling to win re-election in Brazil with an economy that has gone from sizzle to fizzle in her four years in office as the country's first female president.

Hand-picked by former president Luiz Inacio Lula da Silva, Rousseff has proved unable to extend the era of economic growth that lifted more than 30 million people out of poverty under ...

 
(MENAFN - AFP) Toyota on Monday said it was recalling about 690,000 Tacoma pickup trucks in the United States to fix a suspension system flaw that could result in vehicle fires.

The safety recall covers model years 2005-2011 Tacoma 4x4 and Tacoma PreRunner pickup trucks, the US unit of Toyota Motor Corporation said.

The trucks' rear suspension system contains springs ...

 
(MENAFN - AFP) The US government's emergency actions in the financial crisis went on trial Monday as lawyers accused it of having illegally seized teetering insurance giant AIG in September 2008.

David Boies, the lawyer for Hank Greenberg, the former chairman of American International Group, sought to make a case that there was no need for the government to take the company ...

 
(MENAFN - AFP) Troubled Italian fashion giant Prada stonewalled questions over its tax affairs Monday after it emerged that its top two executives are being investigated for allegedly not disclosing many millions in overseas earnings to Italian authorities.

Instead, the company referred reporters to a terse statement it made to the Hong Kong stock exchange confirming that ...

 
(MENAFN - AFP) Inflation remains stubbornly low in several eurozone states, national data showed on Monday, keeping pressure on the ECB to unveil new steps to stoke the region's moribund economy this week.

Price rises in Germany, Europe's biggest economy, remained stuck at ultra-low levels for the third month in a row in September, according to preliminary data.

A ...

 
(MENAFN - AFP) Chloe designer Clare Waight Keller on Sunday paid tribute to the French fashion house's founder Gaby Aghion, a day after her death in Paris at the age of 93.

Waight Keller dedicated her latest ready-to-wear show to Aghion, who is credited with overseeing Chloe's rise as a post-war style icon.

Holding a silk scarf given to her by Aghion's family at Sunday's ...

 
(MENAFN - AFP) Cecilia Malmstroem, candidate to take over the sensitive trade portfolio at the European Commission, will sharply criticise Monday a key element of a giant EU-US free trade deal currently under negotiation.

Malmstroem is due to defend her nomination to become the EU's next Trade Commissioner in front of the European Parliament and her testimony regarding an ...

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