Brazilian investment bank BTG Pactual raised 3.65 billion reais ($1.96 billion) in the country's largest initial public offering in more than 2 1/2 years amid strong demand, a local regulator said Tuesday.
Italy's Eni and Russia's Rosneft announced on Wednesday a joint venture to search for oil and gas in the Russian Arctic, following a similar pact between ExxonMobil and the state-run oil firm.
Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 29 percent jump in its first-quarter profit that topped analysts' estimates and boosted its full-year outlook, as U.S. builders replaced their aging machinery and demand for mining equipment boomed.
Standard & Poor's cut India's credit rating outlook on Wednesday to negative from stable, reflecting the toll that hefty fiscal and current account deficits and political paralysis are exacting on Asia's third-largest economy.
In a joint military exercise, nearly 7,000 U.S. and Philippine troops staged combat maneuvers in the disputed South China Sea region.
Hedge fund manager Philip Falcone will face a united front when negotiating with key investors that own bank debt sold by LightSquared, the money-losing wireless telecom company controlled by his fund.
Ford Motor Co. (NYSE: F) won back its investment-grade credit rating Tuesday from Fitch Ratings on the automaker's significantly improved financial performance, balance sheet repair and product portfolio improvement.
Over the past three decades, South Korea has catapulted itself from Third World-caliber poverty to becoming a technologically superior economic powerhouse.
Newcrest Mining, the world's No.3 gold miner, on Tuesday cut its production forecast for this year, saying its major projects had struggled to reach output targets.
B. Robert Williamson, portfolio manager at Chilton Investment Co., was found dead in his car Sunday in North Carolina. He was 55.
Thomson Reuters Corp. (NYSE: TRI) announced Monday it has entered into an agreement to sell its Ann Arbor, Mich.-based health care unit to private equity firm Veritas Capital Management LLC for $1.25 billion. The sale is expected to close in the coming months pending regulatory approval.
PSA Peugeot Citroen may build cars in India with General Motors its new partner, said Gregoire Olivier, Peugeot's head of Asian operations, according to a Reuters report. The move would effectively discard its planned $850 million investment in its own manufacturing facility in India, Reuters report said.
Just three years into the bull market and in an environment of low interest rates and subdued sentiment, the U.S. stock market's valuation is already too rich, say asset management firm GMO LLC's Ben Inker and other investment experts
Fitch Ratings upgraded Ford Motor Co to investment grade on Tuesday, marking a key step that brings the second-largest U.S. automaker closer to reclaiming its Blue Oval trademark.
Delphi Automotive Plc (DLPH) reported earnings per share of $1.04 for the first quarter of 2012 on Tuesday, up 247 percent since last year, and beating analyst predictions as revenue and income rose for the automotive electronics supplier.
Sarah Burge, known as the Human Barbie for the immense amount of plastic surgery procedures she has underwent, first made headlines for giving her seven-year-old daughter Poppy gift certificates for breast implants and liposuction. Now, the 51-year-old mother has plans to hold children's parties in a Botox clinic to give young girls the wow factor through makeovers. The makeovers would be held at the clinic where typically cosmetic injections and plastic surgery are performed ...
Ever since Japan began challenging the United States as the leading automobiles and consumer electronics manufacturer in the 1980s, a debate has been raging over whether America's days as the preeminent manufacturing nation in the world are coming to an end. It would only intensify in the next two decades, when another Asian giant, China, emerged as a manufacturing power.
SmartGrid GB includes British Telecom, General Electric, IBM and Scottish Power, Siemens and Toshiba.
Asian shares inched up on Tuesday but gains were limited as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.
Asian shares fell Tuesday as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.
Expensive federal food stamp programs have become a hot-button issue in recent weeks, and a Senate bill now in the works ensures that the highly politicized congressional debate is only just beginning.
A steady drip of bad news swelled into a river of losses for European equities Monday, as stock markets across the continent -- some already battered in previous weeks -- experienced significant declines.
