MF Cuts Global Outlook; Brazil Hedge Fund Sells Banks, Homebuilders; February Home Prices Up 0.7%; Home Prices in Dubai Could Fall 70%; Apple Tops Forecasts; Feds Search Siemens’ Offices; Freddie Mac CFO Found Dead; E-Bay Beats Street

In its latest global outlook, the International Monetary Fund (IMF) slashed the growth forecast for every major country and urged more recovery actions. The IMF said the global economy will likely contract 1.3% this year and post a 1.9% gain next year, Reuters reported. Mercatto Estrategia FI, a Brazilian hedge fund that is beating 97% of its peers, is selling assets of the country’s largest homebuilders and banks, saying they are overvalued, Bloomberg reported. “Since we’ve lived through a liquidity crisis, it shook up the economy ...