SAO PAULO (Reuters) – Telefonica Brasil said on Tuesday its second-quarter net profit fell 44.6%, as higher costs offset good results from the mobile phone unit. The company, a unit of Spain’s Telefonica, which operates in Brazil under the Vivo brand, posted net income of 746 million reais. Recurring earnings before interest, taxes, depreciation and …
Brazil’s Telefonica second-quarter profit falls 44.6% Read More »
SAO PAULO (Reuters) -Carrefour Brasil reported on Tuesday that its second-quarter adjusted net profit slightly increased 1.3% from a year earlier, helped by double-digit same store sales growth. The local unit of French retailer Carrefour SA reported profits of 600 million reais ($112.10 million). Net sales rose 36% to 24.0 billion reais, which included Grupo …
Brazil’s Carrefour Brasil posts marginal rise in Q2 adjusted net profit Read More »
MEXICO CITY (Reuters) – Walmart’s Mexico unit on Tuesday said its second-quarter net profit rose 11.55% from the year-earlier period, citing “sustainable growth” across all regions and outdoing analyst expectations at a time of swelling inflation. Walmart de Mexico, the biggest retailer in Mexico, posted a net profit of 10.89 billion pesos ($540.84 million) and …
Walmart’s Mexico unit reports 12% jump in Q2 net profit Read More »
By Timothy Gardner WASHINGTON (Reuters) – The rate of development of U.S. clean energy projects including wind and solar power fell in the second quarter as inaction by Congress, trade issues and delays related to COVID-19 stifled activity, an industry group report said on Tuesday. The industry saw a decline of 55% in U.S. project …
U.S. clean energy installations down 55% on climate bill fail, trade issues – report Read More »
MEXICO CITY (Reuters) – Grupo Televisa, Mexico’s largest broadcaster, reported on Tuesday a 44% jump in net profit in the second quarter compared with the year earlier period. The company posted a net profit of 3.14 billion pesos ($156 million) compared to 2.2 billion pesos in the same period in 2021. The company’s revenue slightly …
Mexico’s Televisa posts 44% jump in Q2 net profit Read More »
By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said on Tuesday it has opened a special investigation into the crash of a 2020 Tesla Model 3 vehicle that killed a motorcyclist in Utah. The driver of a Tesla in a crash Sunday that fatally injured a motorcycle rider …
U.S. probes Tesla crash that killed motorcyclist in Utah Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak consumer confidence data also fueled fears about spending. Walmart shares sank 7.6% after the retailer cut its full-year profit forecast late on Monday. Walmart blamed surging prices for food …
Indexes drop as Walmart profit warning spooks investors Read More »
By Chavi Mehta and Tiyashi Datta (Reuters) – Canada’s Shopify Inc is laying off 10% of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand. Its shares tumbled 14.7% on the U.S. bourses and on the Toronto Exchange, they …
Canada’s Shopify cuts 10% of workforce as online shopping slows Read More »
WASHINGTON (Reuters) – The Biden administration does not plan to continue releases from the Strategic Petroleum Reserve (SPR) beyond the original six-month period, White House economic adviser Brian Deese said on Tuesday. The administration said in late March it would release a record 1 million barrels of oil per day for six months from the …
White House does not plan additional oil reserve releases beyond 6-month window Read More »
WASHINGTON (Reuters) – The Biden administration’s goal of cutting deficits would help the Federal Reserve in its efforts to cut inflation, a top White House economic adviser said on Tuesday. “Enacting deficit reduction at this time would be complimentary to what the Fed is trying to accomplish,” said White House National Economic Council Director Brian …
Cutting U.S. deficits would help the Fed tame inflation, White House says Read More »
