World's richest people lost a combined $24.4 bn this week as concerns over Spain's borrowing costs & sputtering US job mkt caused global mk...

The world's 20 wealthiest people lost a combined $9.1 bn this week over renewed concerns that Europe's crisis might worsen.

GMR Infra is close to finalizing loan from a consortium of banks led by Barclays PLC to finance its bid for concessions to re-develop airpo...

GMR may finally bid only for the Guarulhos airport expansion project at Sao Paulo as it is the most lucrative and busiest airport in Brazil.

The marketing move was made by the struggling company's new management, appointed after it was taken private in 2010 by 3G Capital Inc.

Europe-based ArcelorMittal, is interested in buying into Brazil's MMX Miner to bolster its iron ore supplies.

US initial public offerings, which dried up two months ago, are now outperforming IPOs from Brazil and closing in on China.

The move would help it develop its fuel and electricity sectors.