Brazilian President Jair Bolsonaro went to Congress on Tuesday to deliver a provisional measure associated with his government's plans to privatize state-run electricity provider Eletrobras.
Shares of Churchill Capital IV Corp fell more than 40% on Tuesday, as its merger with electric vehicle maker Lucid Motors sparked concerns about the real worth of the company which has yet to start regular production.
Broad-based losses pulled Indian shares lower on Monday as investors locked in profits in high-flying stocks, while news of fresh COVID-19 restrictions in parts of the country also weighed on sentiment.
By Reuters Staff
2 Min Read
BENGALURU (Reuters) - Broad-based losses pulled Indian shares lower on Monday as investors locked in profits in high-flying stocks, while news of fresh COVID-19 restrictions in parts of the country also weighed on sentiment.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade/Files
Domestic equities rose sharply in the first two weeks of February thanks to solid corporate earnings and a well-received federal budget, but markets have pared some of those gains in recent sessions due to profit-taking.
The NSE Nifty 50 index ended 2.04% lower at 14,675.70, clocking its biggest one-day drop since Dec. 21. The S&P BSE Sensex closed down 2.25% at 49,744.32.
Allied Universal won a months-long takeover battle for Britain's G4S, the world's largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld.