World News

China’s industrial profits grow at fastest in eight months, but sustained recovery uncertain

By Stella Qiu and Ryan Woo BEIJING (Reuters) – Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year. China’s industrial sector has faced persistent pressure in the past year, with manufacturers battling sluggish demand and […]

World News

Brazil antitrust regulator okays JV between BB and UBS to launch investment bank

SAO PAULO (Reuters) – Brazilian antitrust regulator Cade has approved a joint venture between state-controlled lender Banco do Brasil SA <BBAS3.SA> and UBS Group AG <UBSG.S> to launch an investment bank in South America. In a securities filing, BB added that the conclusion of the partnership is subject to approval from Brazil’s central bank. (Reporting […]