UNEXPECTED GIFT: One surprise benefit of the weaker US dollar has been an upswing in the number of foreign investors putting money in the US housing market
The weakening US dollar has caused many problems for consumers, but it may also be providing the fuel for one unintended -- and very welcome -- benefit: a rally in the struggling US housing market driven by foreign investors.

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Amid a plunging US dollar, China has again threatened to diversify its mountain of dollar foreign reserves but US officials are unperturbed while experts do not see a rapid shift by Beijing.

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Brazil's announcement that it has found new oil reserves maybe vast enough to give it OPEC-style clout is certainly good long-term news for its economy and the state-controlled oil giant Petrobras.

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