Global Markets

U.S. downgrade likely to be offset by EU debt crisis, slower growth.

U.S. downgrade likely to be offset by EU debt crisis, slower growth.

Central bank purchases trigger bond rallies in Italy, Spain.

Central bank purchases trigger bond rallies in Italy, Spain.

Government’s moves may pave the way for ECB purchases of Italian bonds.

Government’s moves may pave the way for ECB purchases of Italian bonds.

Cloud services push leads software giant to accept local payment types in Brazil for the first time.

Financial and political stability keep Brazil attractive despite hurdles. (David Backus, NYU Stern School of Business)