U.S. Crude Oil Output Keeps Rising under Democrat, Republican Administrations

U.S. Crude Oil Output Keeps Rising under Democrat, Republican Administrations

TEHRAN (ANA)- The Joe Biden administration has now outpaced the previous Donald Trump administration in approving permits for drilling on public lands, and the United States is producing more oil than any country ever has, reported The Washington Post (WP).
Brazil's 2024 Harvest of Key Crops to Face Mixed Trends

Brazil's 2024 Harvest of Key Crops to Face Mixed Trends

TEHRAN (ANA)- Brazil expects to harvest 298 million tons of cereals, legumes and oilseeds this year, a 5.5 percent year-on-year drop from last year's record harvest, the state-run Brazilian Institute of Geography and Statistics reported.
Brazil Tax Collection Up 9 Percent in 1st Half of 2024

Brazil Tax Collection Up 9 Percent in 1st Half of 2024

TEHRAN (ANA)- Brazil's revenue collection hit a record high of 1.289 trillion reals (228.57 billion U.S. dollars) in the first half of the year, up by 9 percent year on year, the Federal Revenue service said in its latest report.
Chile Downgrades 2024 Growth Forecast to 2.6 Percent

Chile Downgrades 2024 Growth Forecast to 2.6 Percent

TEHRAN (ANA)- Chile's government downgraded its economic growth forecast for 2024 from 2.7 percent to 2.6 percent, and lowered its inflation forecast for the year to 3.7 percent, the Finance Ministry said.
Intel Reports Revenue Decline in Second Quarter

Intel Reports Revenue Decline in Second Quarter

TEHRAN (ANA)- Intel Corporation reported its financial results for the second quarter of 2024, with a revenue of 12.8 billion U.S. dollars, down 1 percent year over year.
Amazon Posts Q2 Results with Sales Increase

Amazon Posts Q2 Results with Sales Increase

TEHRAN (ANA)- Amazon.com, Inc. announced its financial results for the second quarter, with a 10-percent net sales increase year on year.
Intel to Cut 15,000 Jobs for Fundamental Changes

Intel to Cut 15,000 Jobs for Fundamental Changes

TEHRAN (ANA)- Intel said it will cut 15,000 jobs across the company as the chipmaker pursues fundamental changes amid growing competition from its rivals.
U.S. Unemployment Rises to 4.3 Percent in Cooling Labor Market

U.S. Unemployment Rises to 4.3 Percent in Cooling Labor Market

TEHRAN (ANA)- U.S. employers added only 114,000 jobs in July, raising unemployment to 4.3 percent and signaling a continuous cooling-down of the labor market, the U.S. Labor Department reported.
Central Bank: Brazil to See Controlled Inflation in 2024

Central Bank: Brazil to See Controlled Inflation in 2024

TEHRAN (ANA)- Brazil's financial market reduced its inflation forecast for 2024 from 4.02 to 4 percent and raised the forecast for 2025 from 3.88 to 3.90 percent, the central bank said.
Bank of Canada Reduces Policy Rate to 4.5 Percent

Bank of Canada Reduces Policy Rate to 4.5 Percent

TEHRAN (ANA)- The Bank of Canada reduced its policy rate to 4.5 percent.
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