Oil falls as U.S. drilling undermines drive to tighten markets
SINGAPORE Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.
SAO PAULO The Brazilian government is considering a series of measures to revive the nation's sluggish economy once Congress passes a budget spending cap bill, Finance Minister Henrique Meirelles said on Monday.
Speaking on the sidelines of an event in São Paulo, Meirelles said a spate of leaked testimonies from witnesses in a massive corruption probe have so far not impacted the discussion and expected passage of the spending cap bill in Congress.
(Reporting by Aluísio Alves; Writing by Guillermo Parra-Bernal)
SEOUL/BEIJING Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.