The competition between the world’s two biggest economies for influence in Latin America is on display this week as U.S. Vice President Joe Biden visits Rio de Janeiro today near the end of a three-nation tour of the region with Chinese President Xi Jinping close behind.
Kinder Morgan Inc., the energy- pipeline company whose owners include the Carlyle Group and Goldman Sachs Group Inc ., raised $2.9 billion in the biggest private equity-backed U.S. initial public offering.
The International Monetary Fund endorsed nations’ use of capital controls in certain circumstances, making official a shift, which has been in the works for three years, that will guide the fund’s advice.
French Finance Minister Christine Lagarde, vying for the leadership of the International Monetary Fund, pledged to be impartial toward European nations seeking aid and to give emerging economies greater influence.
Kinder Morgan Inc., the energy- pipeline company whose owners include the Carlyle Group and Goldman Sachs Group Inc., gained 3.5 percent in its first day of trading after expanding its initial public offering.
Mexican central bank Governor Agustin Carstens , nominated to lead the International Monetary Fund, criticized European nations for publicly backing French Finance Minister Christine Lagarde before all the candidates are known.