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US-led air war a boon for defense contractors

The US-led air campaign in Iraq and Syria is proving a boon to weapons makers, sending their share prices soaring and bolstering political support for higher defense spending. The open-ended air war against the Islamic State group will mean billions in sales for bombs and...

Brazil inflation jumps above target to 6.75 percent

Brazil’s rate of annualized inflation reached 6.75 percent in September, breaching the upper ceiling of the inflation target, the official of national statistics said Wednesday. The IBGE said the Consumer Price Index accelerated from 0.25 percent to...