Brazil’s Luiz Inacio Lula da Silva wants to improve his country’s relationship with Beijing in order to reorient the global political order, possibly boosting Chinese plans to counter decades of US preeminence in world affairs.
Ronaldo Cezar Coelho, the largest shareholder in Brazil’s troubled utility Light SA, is planning to weather the storm and keep his stake as the firm begins talks to restructure debt and negotiate the renewal of a key concession contract.
Investors fear that Colombia’s pension bill may cause a drop in national savings as workers leave private pension plans and migrate to the public system, according to analysts.
The Biden administration believes there is still room to open up a dialog and collaborate with Beijing on pressing global matters despite rising tensions over issues such as Taiwan, a senior US official said.
Turkey’s lira may decline 30% against the greenback from the current level, even assuming a policy normalization in the country after the elections slated in May, JPMorgan analysts expect.
The biggest hurdle for the Netherlands to reach its climate goals is a overloaded power grid, putting at risk the country’s transition away from fossil fuels.
Ex-UBS Group AG veteran Tom Naratil has held talks about returning to the bank as part of a broader outreach by chief executive officer Sergio Ermotti, people with knowledge of the matter said.
Walmart Inc. agreed to sell its Bonobos menswear line to WHP Global and Express Inc. for $75 million — $235 million less than what the retail giant paid for the business in 2017.
Citigroup Inc. posted a surprise jump in first-quarter profit after its fixed-income traders delivered a windfall large enough to cover the rising cost of the bank’s souring loans.
Wells Fargo & Co. reported higher-than-expected net interest income in the first quarter as the firm continued to reap the gains of the Federal Reserve’s rate hikes.
