Brazil’s Lula unveils $200 billion infrastructure plan as skeptics warning about spending spree

RIO DE JANEIRO — Brazilian President Luiz Inácio Lula da Silva on Friday unveiled a plan to spend 1 trillion reais (almost $200 billion) on infrastructure, power and transportation over the following 4 years, half of a bigger effort to spice up financial progress and employment in Latin America’s largest nation. The Development Acceleration Program, … Read more

Toyota defies skeptics as inventory seals greatest week since 2009

Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Photographs DETROIT – Toyota Motor inventory sealed its greatest week since 2009 on Friday, because the automaker laid out a strong plan for future all-electric autos and firm scion Akio Toyoda turned chief of the Japanese firm’s board. Shares of … Read more