Cia. de Saneamento de Minas Gerais rose for the first time in three days after the water utility’s fourth-quarter profit exceeded analysts’ estimates on higher rates and an increase in delinquent bill collections.
The 115 voting cardinals of the Catholic church began today their secret conclave to choose the successor to Pope Benedict XVI. There is a saying in Rome that “he who enters the conclave a pope exits as a cardinal” and it is notoriously tricky to try to handicap the papal vote.
Agco Corp., the world’s third-largest farm equipment maker, plans to boost manufacturing of crop- storage and livestock equipment in Brazil, China and Russia as the developing nations build infrastructure to meet growing food demand.
Petroleo Brasileiro SA will decide within the next two-and-a-half years whether to sell its Okinawa oil processing unit to help fund deepwater exploration in Brazil, the company’s chief executive officer said.
Noma, a waterside establishment in Copenhagen where chef Rene Redzepi serves Nordic dishes such as poached sea urchin and powdered cucumber, was last night named the World’s Best Restaurant for the third straight year.