Business

Brazil’s Raizen reaches deal for $12.6 billion debt restructuring

Wednesday, March 11 by SRN News

SAO PAULO, March 11 (Reuters) - Brazilian sugar and ethanol producer Raizen said on Wednesday it has reached an out-of-court debt restructuring agreement with creditors and bondholders covering about 65.1 billion reais ($12.61 billion) in obligations. Raizen, a joint venture between Shell and Brazilian conglomerate... Read More.

Edmunds: These are the best budget hatchbacks that you can get in 2026

Wednesday, March 11 by SRN News

Compared to a typical sedan, a hatchback offers greater versatility thanks to its larger, easier-to-load trunk. Some hatchbacks are also fun to drive with nimble handling and peppy engines. Yet, with the surge in popularity of SUVs and crossovers, even the best hatchbacks often... Read More.

Analysis-Prices for new cars have soared. Here’s one big reason why

Wednesday, March 11 by SRN News

March 11 (Reuters) - The U.S. car business is grappling with a stubborn affordability problem, one that threatens to relegate more Americans to the used-car lot and leave automakers vulnerable to lower-priced rivals. Lawmakers have framed the issue around partisan lines. U.S. President Donald Trump... Read More.

Wall St futures subdued as investors eye crude prices, inflation report

Wednesday, March 11 by SRN News

March 11 (Reuters) - U.S. stock index futures were subdued in choppy trading on Wednesday as investors assessed the outlook for crude prices and looked ahead to a key inflation report, while tensions in the Middle East continued to escalate. Energy prices whipsawed as traders... Read More.

Exclusive-Morgan Stanley hires contract staff in Hong Kong as deals surge, sources say

Wednesday, March 11 by SRN News

By Selena Li and Kane Wu HONG KONG, March 11 (Reuters) - Morgan Stanley has started hiring contract staff in Hong Kong to handle a surge in stock listings, aiming to control costs while meeting stronger demand in the Asian financial hub, three sources... Read More.

Stellantis sells 5 billion euros in bonds to bolster finances after EV charges

Wednesday, March 11 by SRN News

MILAN, March 11 (Reuters) - Stellantis said on Wednesday it has priced a multi-tranche 5 billion euro ($5.8 billion) equivalent hybrid bond offering, tapping capital markets weeks after it announced multi-billion charges in a major reset of its electric vehicle strategy. The automaker announced last... Read More.

Analysis: Iran war becomes a contest of who can take the most pain

Wednesday, March 11 by SRN News

DUBAI, United Arab Emirates (AP) - The war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran's most effective weapon... Read More.

Auto sales sink in China as phase out of subsidies for trade-ins hits demand

Wednesday, March 11 by SRN News

HONG KONG (AP) - China's domestic passenger car sales fell 34.2% in February from a year earlier, an industry association said Wednesday, reflecting weakening demand as some trade-in subsidies are phased out. Only 950,000 units of passenger cars were sold in China last month,... Read More.

Carlyle to sell Colombian oil firm SierraCol to Philippine’s Prime Infrastructure

Wednesday, March 11 by SRN News

LONDON, March 11 (Reuters) - Private equity group Carlyle has agreed to sell its Colombian oil producer SierraCol to Prime Infrastructure Capital, the infrastructure unit of Filipino businessman Enrique K. Razon Jr., for an undisclosed sum, the U.S. company said on Wednesday. Carlyle, which set... Read More.

China’s February auto sales, exports fall at fastest pace in two years

Wednesday, March 11 by SRN News

BEIJING, March 11 (Reuters) - China's auto sales, including shipments abroad, fell 15.4% in February from a year earlier, the biggest decline since February 2024, as seasonal factors aggravated a downtrend in the world's largest auto market, where reduced incentives weigh on demand. Sales at... Read More.

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Current Weather

Brazil’s Raizen reaches deal for $12.6 billion debt restructuring

Edmunds: These are the best budget hatchbacks that you can get in 2026

Analysis-Prices for new cars have soared. Here’s one big reason why

Wall St futures subdued as investors eye crude prices, inflation report

Exclusive-Morgan Stanley hires contract staff in Hong Kong as deals surge, sources say

Stellantis sells 5 billion euros in bonds to bolster finances after EV charges

Analysis: Iran war becomes a contest of who can take the most pain

Auto sales sink in China as phase out of subsidies for trade-ins hits demand

Carlyle to sell Colombian oil firm SierraCol to Philippine’s Prime Infrastructure

China’s February auto sales, exports fall at fastest pace in two years

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