Brazil's government debt as a percentage of gross domestic product (GDP) increased to 74.3% last year, driven by the substantial interest burden and a strong fiscal expansion that marked the return of the public sector to deficit territory.
(RTTNews) - Ares Capital Corp. (ARCC) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
(RTTNews) - While reporting financial results for the first quarter on Wednesday, technology and software company Emerson Electric Co. (EMR) raised its adjusted earnings and net sales growth guidance for the full-year 2024. The company also provided outlook for the second quarter
Cathie Wood is the chief investment officer at Ark Invest, an asset management company focused on disruptive innovation. The company manages several thematic exchange-traded funds (ETFs) focused on technologies such as streaming media, digital advertising, and mobile applications
The booming demand for artificial intelligence (AI) chips has sent shares of Advanced Micro Devices (NASDAQ: AMD) flying in the past year, even though the chipmaker's AI-related business had not yet gained traction in 2023. That's probably because investors didn't want to miss ou
Spanish farmers blocked major highways with their tractors for a second day and disrupted access to port terminals as anger spreads in Europe's countryside against high costs, bureaucracy and competition from non-EU countries.
South Korea's Hyundai Motor Co said on Wednesday that is has not decided yet on listing its Indian unit and it will comment on the matter when the plan becomes finalised or within a month.
Euro zone bond yields dipped a touch on Wednesday after data showing German industrial production fell more than expected in December, but borrowing costs on both sides of the Atlantic largely continued to stabilise after their recent sharp moves.
(RTTNews) - General Motors has signed a long-term cathode material supply contract with South Korea's LG Chem worth 25 trillion Korean won or about $18.8 billion. For the auto major, the contract builds on its plan to create a strong, sustainable battery electric vehicle or EV su
Shanghai plans to accelerate approvals for foreign firms wanting to send their local data offshore, four sources with knowledge of the matter said, in what would be a major relaxation of China's stringent data rules unveiled more than a year ago.
The global retail market generated $27 trillion in 2022 and is projected to hit $30 trillion this year, according to data from Statista. The industry is vast, including everything from grocery to consumer electronics, e-commerce, and more. As a result, it's not a bad idea to make
(RTTNews) - European stocks traded mixed on Wednesday as traders weighed hawkish comments from a slew of Federal Reserve officials and waited to see whether Chinese officials will unveil more effective measures to sustain a nascent market recovery.
Unionised electrical workers will go on strike at Finnish nuclear and hydroelectric power plants on Feb. 14-16 to protest against the right-wing government's planned labour reforms, the electrical workers' union said in a statement on Wednesday.
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi's home state of Gujarat, according to two sources with direct knowledge of the matter.
Azerbaijan's President Ilham Aliyev is almost certain be re-elected on Wednesday in a vote he called early after the recapture of the breakaway region of Nagorno-Karabakh from Armenia and a crackdown on the media.
Retail sales in the Czech Republic fell sharply in 2023 amid high inflation, the statistics office said on Wednesday, although signs of recovery among consumers at the end of the year boosted chances of an economic revival in 2024.
The dollar fell on Wednesday, further retreating from a nearly three-month high against the euro hit a day earlier, with a decline in U.S. bond yields adding to the pressure.
Philippine conglomerate DMCI Holdings Inc is in talks to acquire a unit of Mexican cement giant Cemex, three sources familiar with the matter said on Wednesday.
Australia's red meat exports rocketed last year as a plunge in livestock prices made its products more competitive at a time when beef production in rival exporter the United States is falling.