Top farm-equipment makers from Deere & Co. to Agco Corp. expect demand in Brazil’s $10 billion market to drop in 2014 as rising borrowing costs and slumping crop prices thwart a boom that lifted sales to a record this year.
Investor James Pattison, owner of the Guinness Book of World Records, has emerged as Canada’s richest person after new information revealed that David K.R. Thomson, heir to the Thomson media empire, owns a smaller stake in his family’s investment company than previously reported.
Asian stocks rose, with the regional benchmark rebounding from a three-month low, as investors await the outcome of a Federal Reserve meeting after reports showed manufacturing accelerated in the U.S. and Europe.
Japanese shares rose, with the Topix index advancing for the first time in five days, as investors weighed economic data and speculated on the timing of stimulus cuts ahead of today’s Federal Reserve policy meeting.
Apollo Tyres Ltd. headed for the highest price in more than six months in Mumbai trading after a Delaware court rejected an appeal by Cooper Tire & Rubber Co. to force a $2.5 billion takeover by India’s biggest tiremaker.