A former shoeshine boy now worth hundreds of millions of dollars, Luiz Barsi has been called the "Brazilian Warren Buffet" for his ultrasharp investing acumen. Barsi, who calls himself a "mini-owner" of the companies he invests in, says stocks should guarantee a monthly payout.
The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to hold firm on interest rates, and continue discussions about when to start cutting them.
British consumer goods giant Unilever announced Tuesday that it will separate its ice cream unit, whose top-selling products include Ben & Jerry's and Magnum, as a standalone business. It added: "After separating Ice Cream and implementing the productivity programme, Unilever will have a structurally higher margin."
The Bank of Japan on Tuesday announced a seismic change in direction on Tuesday, hiking interest rates for the first time in 17 years.
Japan's central bank on Tuesday on Tuesday its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programmes. Because negative interest rates mean banks lose out by parking capital with the BoJ, the policy was aimed at encouraging them to lend to businesses and thereby jump-start the economy and inflation.
The Michelin Guide unveiled its annual list of the best French restaurants Monday, praising the "cultural dynamism" of a new generation of chefs, though again honouring only a handful of women. Among top chefs, the Michelin Guide is as feared and criticised as it is respected.
The United States plans to refill its strategic oil reserve by the end of 2024 after the stockpiles reached historic lows last year, Energy Secretary Jennifer Granholm said Monday. "By the end of this year we will essentially be back to where we would have been absent the sales," Granholm said at the CERAWeek energy conference in Houston.
Argentina's President Javier Milei has slashed public spending but 100 days into his presidency social tensions are simmering and he is still battling to pass his flagship economic reforms. His party is a minority in Congress, and rivals have repeatedly beaten back his flagship reforms.
President Joe Biden's administration on Monday finalized a rule banning the last remaining form of asbestos in the United States, half a century after the government first targeted the cancer-causing mineral. Asbestos in oilfield brake blocks and aftermarket automotive brakes and linings will be banned six months after the rule is finalized.
Donald Trump faced having assets seized in a humiliating blow to his carefully cultivated image as a self-made tycoon as his lawyers acknowledged Monday he doesn't have the cash to appeal a $464 million fine for fraudulently inflating his wealth.
Economy
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