Bloomberg Brazil’s Senate confirmed Ilan Goldfajn as the country’s next central bank chief, putting him in charge of controlling above-target inflation without exacerbating the worst recession in over a century. Senators voted 56 to 13 in favour of the former chief economist at Itau Unibanco Holding SA. Goldfajn won’t participate in the rate decision on Wednesday during which economists ...

  Bloomberg Soc. Quimica & Minera de Chile SA, the world’s most profitable major chemicals company, risks fines and losing permits after Chilean authorities said it breached environmental rules. The environmental regulator is charging SQM with setting up water pumps in parts of the Llamara salt-flats where it didn’t have permission, failing to monitor the site as agreed and failing ...

  Bloomberg Yahoo! Inc. is exploring the sale of more than 3,000 patents as part of an effort begun earlier this year to look into ways to monetize its intellectual property. The company has extended efforts on the divestiture of patents and pending patents held by its Excalibur LLC unit that include search, advertising and cloud-based technology, the company said. ...

  BLOOMBERG U.S. gasoline consumption is set to climb to a record this summer as the lowest pump prices in more than a decade encourage Americans to take to the roads. Demand, which typically peaks between the Memorial Day holiday in late May and Labor Day in early September, will average a record 9.5 million barrels during the second and ...

  Moscow / Bloomberg Irkut Corp., the maker of Su-30 fighter jets, is rolling out Russia’s first new full-sized airliner since the Soviet Union collapsed 25 years ago, in the country’s most direct challenge to commercial-plane industry leaders Boeing Co. and Airbus Group SE. The single-aisle MC-21, designed for 163 to 211 seats, was introduced to the public on Wednesday ...

  Bangkok / Bloomberg Thai Airways International Pcl is seeking an alliance with as many as 10 other Asian carriers in order to add destinations and counter a similar move grouping together several of its low-cost rivals. A series of bilateral accords could unite airlines from across the region to boost connectivity in India and China and smaller markets such ...

New Delhi / Bloomberg Amazon chief executive Jeff Bezos pledged to invest $3 billion in India, in a big bet on the growth of online shopping in the fast-growing South Asian economy. Speaking in Washington DC as India’s Prime Minister Narendra Modi visits the United States, Bezos told a gathering of business leaders that he saw “huge potential” in India. ...

  Taipei / Bloomberg Apple Inc. sold $1.38 billion of dollar bonds in Taiwan while Canada’s Manulife Financial Corp. also priced $1 billion of securities, as such debt offerings in the jurisdiction jump amid demand from insurers. The sales bring issuance of such corporate securities to $23 billion for the year, up 53 percent from the same period in 2015, ...

  WASHINGTON / AFP PT Garuda Indonesia is in no hurry to finalize a multibillion-dollar order of as many as 250 aircraft, saying the sluggish global economy will give it more leeway in negotiations with Airbus Group SE and Boeing Co. Decisions by other airlines to push back purchases amid tough operating conditions give Garuda more breathing space, President Director ...

  Seoul / Bloomberg South Korea will bolster capital at policy banks through a fund to support restructuring of the nation’s shipping and shipbuilding industries, the government said on Wednesday. The plan is for the government and the Bank of Korea to create an 11 trillion won fund ($9.5 billion) to make sure state lenders can withstand losses as they ...