Americanas SA, the embattled Brazilian retailer, proposed a plan to restructure its 42.3 billion real ($8.1 billion) debt load some two months after obtaining bankruptcy protection that includes losses for unsecured creditors, a capital injection and asset sales.
A digital euro has a key role to play in safeguarding European payment autonomy, according to European Central Bank President Christine Lagarde.
Trafigura Group, one of the world’s biggest metals traders, was among the companies that received bags of stones from a London Metal Exchange warehouse instead of the nickel briquettes they had paid for.
India’s economy is resilient, and better positioned than many parts of the world to face a global growth slowdown or even a recession, the country’s central bank said.
From “climate neutral certified” beer to “climate friendly” beef jerky, a report from the Changing Markets Foundation pinpoints examples of dubious climate claims.
US sales of previously owned homes rose in February by the most since mid-2020, snapping a record year-long slide tied to rising interest rates and affordability constraints.
A powerful Pacific storm is bringing heavy rain and snow to Southern California, raising the risk of more flooding to a region already inundated by weeks of torrential downpours.
Both inflation and underlying price pressures eased broadly in line with forecasts, bolstering the Bank of Canada’s case for holding interest rates steady despite healthy job gains.
Turkey is stepping up plans for a capital injection into state lenders to $5.5 billion in a bid to encourage lending ahead of elections in May. Bank stocks gained.
The failure of the startup community’s lender has left venture investors and founders wondering how well they understood the longtime CEO.
