SAO PAULO (Reuters) – Brazilian holding company Cosan SA on Friday reported a net loss in second quarter, as a higher interest rate raised its cost of debt. Cosan, who owns stakes in companies such as Rumo and Raizen posted a 125.3 million real ($24.72 million) net loss in the three months ended in June …
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Friday rejected a legal challenge to the Federal Communications Commission’s (FCC) 2020 decision to shift much of a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices. The Intelligent Transportation Society of America and the American Association of …
U.S. court upholds FCC reallocation of auto safety spectrum Read More »
(Reuters) -Colombian industrial conglomerate Grupo Argos’ second-quarter net profit rose 8% from the same period a year before, the company said on Friday, boosted by revenue increases at its cement and energy units. Profits climbed to 229 billion pesos ($54.1 million) during the April to June period. The conglomerate brought in 5.9 trillion pesos in …
Colombia’s Grupo Argos posts 8% rise in Q2 net profit Read More »
By Fergal Smith (Reuters) – Canada’s main stock index rose on Friday, extending the week’s gains, as investors cheered signs of easing inflation pressures and two major telecom companies made headway with their merger deal. The Toronto Stock Exchange’s S&P/TSX composite index ended up 187.93 points, or 0.9%, at 20,179.81, closing above the 20,000 threshold …
TSX closes above 20,000 for first time in two months Read More »
By Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) -Mexico’s state-oil company Pemex requested this week almost $6.5 billion in additional funding from the government to pay for works at the ‘Dos Bocas’ refinery this year, according to a document and two sources familiar with the matter. The additional funding is to cover works …
BERLIN (Reuters) – Bayer on Friday welcomed a decision by an arbitration court to dismiss a claim by BASF that it overpaid for assets sold by Bayer to secure antitrust clearance for the takeover of Monsanto. “Bayer provided adequate information on the cost structure of the seeds businesses acquired by BASF in August 2018 and …
Bayer welcomes ruling against BASF claim on seed businesses Read More »
Investors bought $7.1 billion in equities in the week to Wednesday, with U.S. ‘growth’ stocks recording their largest weekly inflow since December 2021 in a sign that fears over soaring inflation are receding. Tech stocks saw an Investors ploughed $11 billion into U.S equity funds in the week to Wednesday, their largest weekly inflow in …
Investors flock to U.S ‘growth’ stocks as inflation fears fade – BofA Read More »
BRUSSELS (Reuters) – Euro zone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of capital goods. The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the euro rose 0.7% month-on-month in June for a 2.4% year-on-year …
Eurozone June production grows three times more than expected Read More »
MOSCOW (Reuters) – Russian aluminium giant Rusal reported a 33% jump in first-half production costs on Friday, hit by a production halt at a refinery in Ukraine and Australia’s ban on exports of alumina and bauxite to Russia. The world’s largest aluminium producer outside China has been suffering these problems since March, shortly after Moscow …
Production costs soar at Rusal due to Russia-Ukraine conflict Read More »
By Navya Mittal (Reuters) -Australia’s competition watchdog said on Friday that Alphabet Inc’s Google unit was ordered by the country’s Federal Court to pay A$60 million ($42.7 million) in penalties for misleading users on collection of their personal location data. The court found Google misled some customers about personal location data collected through their Android …
Australian court orders Google to pay $43 million for misleading users Read More »
