Rio Tinto H1 earnings more than double on higher commodity prices

Global miner Rio Tinto on Wednesday reported its first-half profit more than doubled from a year earlier following a rebound in iron ore prices and announced an additional $1 billion share buyback. Underlying earnings for the six months to June 30 rose to $3.94...

How Portugal came back from the brink — and why austerity could have played a key role

In 2011 Portugal obtained a bailout worth 78 billion euros ($92.2 billion) from Europe and the International Monetary Fund. Its economy contracted as much as 3.2 percent in 2012. During the crisis, the unemployment rate nearly hit 18 percent and among young people...