Rumo SA, Brazil’s largest independent railway operator, is weighing the sale of its stake in a terminal located in Latin America’s biggest port, according to people familiar with the matter.
Emerging markets began the fourth quarter on a cautious note as China sent conflicting signals on its manufacturing revival and investors awaited a data-packed week for clues on the outlook for growth and inflation.
Current home prices in Canada can’t be justified if medium-term interest rates stay elevated, a former Bank of Canada official said, underscoring the risk to one of the country’s most important sectors.
Bank of England rate-setter Catherine Mann warned against letting up in the fight against inflation as she disparaged the central bank’s forecasts and predicted permanently higher interest rates.
The summer of revenge spending is over, and a number of investors have decided that once high-flying casino stocks just aren’t worth the gamble.
Tesla Inc. shipped 435,059 cars globally in the third quarter, as factory downtime led to its first quarterly delivery decline in more than a year.
Federal Reserve Governor Michelle Bowman again said that multiple interest-rate hikes may be required to get inflation down to the central bank’s goal even after data for August showed some of the slowest price increases since 2020.
Bain Capital is considering a sale of a minority stake in US LBM that could value the building materials group at about $7 billion or more, including debt, according to people familiar with the matter.
New Zealand’s central bank is expected to keep interest rates on hold 10 days out from a general election, but policymakers may leave the door open to another increase if needed to tame inflation.
The decision by US lawmakers to drop a $6 billion aid package for Ukraine is fueling anxiety among some of Kyiv’s allies that American support for the war effort is starting to waver.
