(Reuters) – XP Inc posted a marginal jump in second-quarter adjusted profit as the Brazilian broker gained from a surge in assets under custody that offset a slowdown in inflows due to higher interest rates. Last week, Brazil’s central bank raised its key interest rate by half a percentage point to battle the impacts of …
Brazilian broker XP’s profit gains from higher assets under custody Read More »
By Kanishka Singh WASHINGTON (Reuters) – A sweeping bill passed by the U.S. Senate on Sunday and intended to fight climate change, lower drug prices and raise some corporate taxes, will bring down inflation over the medium to long term and cut the deficit, rating agencies Moody’s Investors service and Fitch Ratings told Reuters on …
Rating agencies expect U.S. spending bill to cut inflation, deficit over time Read More »
SAO PAULO (Reuters) – Itau Unibanco reported that its second-quarter recurring net profit rose 17.4% from the previous year, the bank said in a securities filing on Monday, beating analyst expectations. Brazil’s largest bank posted 7.67 billion reais in recurring net profit during the three month period, according to the filing, while Refinitiv forecast 7.48 …
Brazil’s Itau Unibanco beats profit expectations Read More »
MEXICO CITY (Reuters) – TV Azteca said on Monday it had received notice of the intention for early expiry by holders of $400 million in notes, which are due to mature in 2024, issued by the Mexican media group. The group, which is controlled by Mexican business magnate Ricardo Salinas Pliego, had postponed a coupon …
TV Azteca says it has been notified of early expiry of $400 million notes Read More »
(Reuters) -Novavax Inc on Monday cut its full-year revenue forecast by half, as the vaccine maker battles low demand for its COVID-19 shot, sending its shares down 32% in extended trading. Novavax said it now expects 2022 total revenue in the range of $2 billion to $2.3 billion, compared with its prior forecast of $4 …
Novavax halves revenue forecast on low COVID vaccine demand; shares plunge Read More »
By Rod Nickel IQALUIT, Nunavut (Reuters) – In Canada’s remote north, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s …
Cold and hungry: Food inflation bites Canada’s north Read More »
By Fergal Smith (Reuters) – Canada’s main stock index rose on Monday for a fourth straight day as Barrick Gold Corp reported better-than-expected quarterly earnings and oil prices rebounded, while investors grew optimistic that interest rates are nearing a peak. The Toronto Stock Exchange’s S&P/TSX composite index ended 49.04 points, or 0.25%, higher at 19,669.17, …
TSX extends winning streak as Barrick boosts miners Read More »
By Erwin Seba LAS VEGAS (Reuters) -The head of the United Steelworkers union on Monday vowed to pursue employees in clean energy, electric cars and retail industries as it seeks to adapt to a changing economy and rebuild membership in old-line industries. Thomas Conway, the leader of the USW, told an audience of about 3,500 …
USW chief vows to organize clean energy, electric car and retail workers Read More »
By Joey Roulette WASHINGTON (Reuters) – Northrop Grumman has signed a launch deal with Elon Musk’s SpaceX to send three cargo missions to the International Space Station while the company builds an upgraded version of its workhorse Antares rocket, a Northrop spokeswoman said on Monday. The launch agreement with SpaceX coincides with Northrop climbing out …
Northrop buys trio of SpaceX launches as it upgrades Antares rocket Read More »
By Herbert Lash and Bansari Mayur Kamdar (Reuters) – Wall Street closed mostly flat on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia reminded investors of a slowing U.S. economy. Stocks retreated from earlier highs as last week’s blowout …
Wall Street closes little changed on Fed policy fears Read More »
