Bloomberg Saudi Arabia’s Public Investment Fund will invest $10 billion in Brazil and plans to use the country as a gateway to the rest of Latin America, the Brazilian government said. The investment comes after talks between President Jair Bolsonaro and Crown Prince Mohammed Bin Salman, Brazilian Foreign Affairs Minister Ernesto Araujo said. Bolsonaro met Bin Salman in Riyadh, where …

RIYADH / WAM A senior Russian trade official said that the UAE has demonstrated how a nation can successfully transform its economy, “by expeditiously investing its income from oil.” Speaking on the sidelines of the Future Investment Initiative currently running in Riyadh until October 31, the Head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told the Russian state …

Bloomberg US equity-index futures drifted alongside stocks in Europe on Wednesday while Asian shares were mixed as markets largely entered a holding pattern in the countdown to the Federal Reserve’s policy decision. Treasuries reversed a small gain and the dollar erased a decline as growth data for the world’s largest economy beat expectations. Contracts on all three main American equity …

Bloomberg Just when UK equities were starting to look good on receding Brexit uncertainty, a general election comes along that could make or break the market. After being long-time market pariahs, British stocks have been slowly gaining favour from both the buy and sell sides in recent weeks. An exchange-traded fund tracking UK mid-caps enjoyed record inflows, UBS Global Wealth …

Bloomberg Close to 30 Airbus SE A320neo jets operated by two Indian airlines will be grounded if they don’t update some Pratt & Whitney engines within 15 days, the nation’s aviation safety regulator said. IndiGo, India’s biggest carrier, and rival Go Airlines India Ltd won’t be allowed to fly planes fitted with two unmodified PW1100-series engines that have been in …

Bloomberg Amazon.com Inc is lowering the cost of its grocery delivery service Amazon Fresh, the company’s latest effort to get more people to buy fruits, veggies, milk and meats online rather than going to the store. Amazon is also expanding fast delivery of online grocery orders around the country. Amazon Fresh, available in 22 metropolitan markets, will be included in …

Bloomberg Boeing Co’s chief executive declined to endorse specific reforms to bolster safety oversight of the aerospace giant during a sometimes angry grilling in his first appearance before Congress since two 737 Max crashes killed 346 people. Several senators pressed Dennis Muilenburg on possible changes to the so-called delegation programmd in light of lapses that occurred in the Federal Aviation …

Bloomberg Learjet — once the epitome of luxury travel for celebrities like Frank Sinatra — is gasping for breath, and Bombardier Inc is making a last-ditch attempt to revitalise the brand. It’s a tall task as demand for corporate planes has shifted to larger, more comfortable, longer-range aircraft. That has left the Learjet 75 Liberty competing in a shrinking market …

Bloomberg Beyond Meat fell in early trading despite an increased sales forecast and its first quarterly profit. Investors were bracing for a selloff, when early backers of the faux meat maker will finally be allowed to cash out. The maker of meatless beef and sausages said third-quarter sales rose 250% to $92 million, outpacing analysts’ average estimate. The company now …

Bloomberg Hong Kong’s move to make it easier for first-time home buyers to break into the world’s least-affordable housing market has had an immediate effect, with sales surging in the past two weeks. Sales in the secondary market have more than doubled since mortgage rules for first-time buyers were eased mid-October, Midland Realty Ltd said. Primary home sales are also …