Mukesh Ambani, chairman of India’s Reliance Industries Ltd., is in talks to buy New York-based talent agency IMG Worldwide Inc., the Indian Express newspaper reported today, citing an unidentified Reliance official.
Emerging stocks rose, posting the biggest weekly advance since January, as better-than-forecast U.S. jobs data bolstered optimism about global economic growth. Commodity companies paced rallies from Russia to Brazil.
General Electric Co., the U.S. power- equipment supplier, will sell 1.8 billion reais ($895.3 million) of turbines to Bioenergy Geradora de Energia Ltda., a Brazilian company seeking to develop the world’s cheapest wind energy.
Coffee producers in Brazil, the world’s largest grower, are holding back beans on speculation the government will raise the minimum price for the commodity, according to Rio de Janeiro-based Flavour Coffee.
Brazil’s swap rates climbed as U.S. employment gains prompted traders to step up wagers that the South American country’s central bank will seek bigger increases in borrowing costs as it tries to contain inflation.
Japan’s Mitsubishi Heavy Industries Ltd. and Areva SA of France signed a $22 billion agreement today to build a nuclear power plant in Turkey, the first major order for Japan since the Fukushima disaster in 2011.