A visitor passes a logo of the British multinational oil and gas company, BP during the 21st World Petroleum Congress in Moscow recently. Photograph: EPA

Oil and gas producers BP and BG Group both reported a fall in third-quarter profits yesterday, in part due to the drop in the oil price. Crude has dr(...)

It was one of the remarkable features of Brazil’s road to “socialism” under the once-revolutionary Workers’ Party (PT) that it mitigated the class ten(...)

Dilma Rousseff celebrates victory with her mentor Lula da Silva, who campaigned tirelessly for her election. Photograph: AP Photo/Eraldo Peres

After her narrow victory in Sunday’s election, Brazil’s President Dilma Rousseff has targeted political reform as a top priority during her second t(...)

Luis Suarez was the sun at the centre of Liverpool’s solar system but he starts out at Barca as a peripheral satellite.  Photograph: Sergio Perez/Reuters

There are many well-founded objections to the unfair economic systems that have resulted in the concentration of the world’s top footballers at a hand(...)

Re-elected Brazilian president Dilma Rousseff (C) addresses a press conference in Brasilia last night after winning a narrow re-election victory. Photograph: Epa/Fernando Bizerra

Brazil’s leftist President Dilma Rousseff narrowly won re-election yesterday after convincing voters that her party’s strong record of reducing povert(...)

Brazil’s president and Workers’ Party presidential candidate Dilma Rousseff greets her supporters at a rally near Rio de Janeiro on Wednesday. Rousseff is ahead in polls. Photograph: Ricardo Morae/Reuter

Dilma Rousseff is favourite to win a second four-year term as Brazil’s president in tomorrow’s election with opinion poll showing she has carved out a(...)

Brady Dougan, chief executive officer of Credit Suisse , pauses during a Bloomberg Television interview in Zurich. Photographer: Gianluca Colla/Bloomberg

Credit Suisse reported stronger-than-expected third quarter profits today, bolstered by its investment bank, which benefited from a rise in bond-tradi(...)

BMW: posted 17.9 per cent growth in sales in China

Last week, until an hour before kick-off, a friendly football match between Argentina and Brazil in Beijing’s Bird’s Nest stadium was looking dicey be(...)

Brazil’s presidential candidates Dilma Rousseff of the Workers Party (left) and Aécio Neves of the Social Democratic Party after their television debate this week. Photograph: Paulo Whitaker/Reuters

A rite of passage among new correspondents in Brazil is to wonder why, in a country where coalitions are inevitable, the Workers Party and the Soci(...)

A broker looks at his screens at the stock exchange in Frankfurt, Germany today. The stock index DAX fell under 8500 points. (Photograph: Michael Probst/AP)

The global economy faces its biggest test of confidence since the European sovereign debt crisis as investors fear it’s running out of engines. Japan (...)