South Africa's 2021 budget did not focus enough on economic reforms, making a sustained rebound in its gross domestic product unlikely, S&P Global Ratings said on Tuesday.
By Reuters Staff
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March 9 (Reuters) - Gas and electric utility Just Energy Group Inc said on Tuesday it was restructuring under the Companies’ Creditors Arrangement Act in Canada and plans to file for Chapter 15 bankruptcy in the United States due to a hit from the unprecedented cold weather in Texas in February. (Reporting by Arathy S Nair in Bengaluru; Editing by Shinjini Ganguli)
Italy's Leonardo said on Tuesday that its core earnings would improve in 2021 after earnings before interest, tax and amortization (EBITA) fell 25% last year as the COVID-19 pandemic wrecked its civil aviation sales.
By Reuters Staff
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BRASILIA, March 9 (Reuters) - Brazil lower house speaker Arthur Lira told reporters on Tuesday he expects to finish negotiations around the government administrative reform in two or three months.
Lira added the House is working to allow new COVID-19 relief payments to begin this month. (Reporting by Maria Carolina Marcello Editing by Chris Reese)
London's FTSE 100 fell on Tuesday after a solid start to the week, as a stronger pound pressured exporters, while data showed a nationwide lockdown hurt consumer spending in February.