Latest Business News: Jun 30th, 2pm

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• published: 30 Jun 2013
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Brazil to raise taxes to offset any future subsidies Brazil's Finance Minister Guido Mantega said in an interview that Brazil will raise taxes or cut public spending to compensate for any future subsidies it offers to support struggling sectors. "If we cut taxes further, like we did on diesel sales, all the foregone revenues will be compensated by spending cuts or other taxes," said Mantega. http://us.rd.yahoo.com/finance/news/rss/story/SIG=14k07dupn/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12hkrbrb8/*http%3A//finance.yahoo.com/news/brazil-raise-taxes-offset-future-163146694.html?l=1 U.S. Energy Department pledges action in handling gas export applications Energy Secretary Ernest Moniz said he expected to have a "fair amount of action" during 2013 in evaluating applications by companies to export natural gas from the United States. http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/md98YtkaD7I/story01.htm Emerging Markets Struggle The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis. http://feeds.reuters.com/~r/reuters/businessNews/~3/z5nRUahqjyk/story01.htm Fund firms' boycott threat could hurt Lloyds stock sale Just as Britain's government is trying to clear a path for the politically sensitive sale of its 39 percent stake in Lloyds bank, resentment is brewing among the investors who would be expected to buy the stock. Some fund managers say they are wary of buying stock released in staggered sales until banks and regulators clarify the rules on how quickly company owners are allowed to sell more shares http://us.rd.yahoo.com/finance/news/rss/story/SIG=14jemhll2/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12g6j0g3b/*http%3A//finance.yahoo.com/news/fund-firms-boycott-threat-could-082704905.html?l=1 Irish banker apologizes for taped comments David Drumm, An Irish banker taped saying he would demand cash from authorities to keep operating and making light of a 2008 bailout, prompting criticism around Europe, apologized for his comments in an interview. saying there was "no excuse for the terrible language or the frivolous tone". http://feeds.reuters.com/~r/reuters/businessNews/~3/GuNl7FdJCzA/story01.htm http://www.wochit.com