Reuters US Business

By Ananya Mariam Rajesh and Uday Sampath Kumar (Reuters) -Mattel Inc beat estimates for quarterly sales and profit on Thursday as shoppers shrugged off higher prices to snap up the toymaker’s action figures and Hot Wheels cars. Demand for toys has so far withstood the decades-high inflation that has pummeled discretionary spending across America’s largest …

Mattel results beat estimates as toy demand takes on inflation hit Read More »

By Manas Mishra and Jeffrey Dastin (Reuters) – Amazon.com Inc on Thursday agreed to buy primary care provider One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time. The all-cash deal would combine two relatively small players as Amazon continues a years-long march into U.S. …

Amazon strikes $3.5 billion deal for One Medical in long march into U.S. healthcare Read More »

(Reuters) – Since 2018, Amazon.com Inc has amassed healthcare businesses from telehealth and drug delivery to fitness trackers and cancer research. On Thursday, the ecommerce giant agreed to buy primary healthcare provider One Medical in a $3.49 billion deal that would expand its virtual care presence and add some brick-and-mortar doctors’ offices. Here are some …

Factbox-Amazon’s healthcare journey, from telehealth to cancer research Read More »

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday denied his energy policies breached a regional trade agreement after Canada challenged them, and said that he had reached agreement with a host of American investors in the sector. Speaking at a regular news conference, Lopez Obrador said Mexico would defend control of …

Mexico denies energy policies unfair after Canada joins U.S. demand Read More »

LONDON/MADRID (Reuters) – Opdenergy is expected to price its initial public offering (IPO) at 4.75 euros per share, the bottom of its indicated range, which would value the Spanish renewable energy firm at 703 million euros ($716 million), one of the joint bookrunners said on Thursday. Opdenergy, which operates solar parks in Europe and Latin …

Spanish renewables firm Opdenergy seen pricing IPO at bottom of range Read More »

A look at the day ahead in markets from Tommy Wilkes. If the European Central Bank’s inflation headache wasn’t bad enough, its first interest rate rise since 2011 will land on the day the government of its third-largest member state, Italy, looks set to collapse. Mario Draghi’s time as prime minister is likely over after his …

Marketmind: ECB’s time to hike, Italy’s time for more instability Read More »

By Scott Murdoch and Renju Jose SYDNEY (Reuters) -Goldman Sachs Group Inc appointed Australia’s former Treasurer Josh Frydenberg as the bank’s senior regional adviser for the Asia Pacific region on Thursday. Frydenberg became one of the highest-ranking cabinet ministers to ever be voted out of parliament this year when he was ousted by independent Monique …

Goldman Sachs names Australia’s former treasurer to Asia-Pacific adviser role Read More »

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Economic advisers to Brazil’s leading presidential candidate are drafting plans for a more aggressive foreign exchange policy, including more market interventions and tighter regulation of derivatives to curb volatility, senior aides told Reuters. Economist Pedro Rossi, who leads the team drafting currency policy for leftist former …

Lula advisers draft plans for more aggressive Brazil FX policy Read More »

By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa, where daily blackouts are a fact of life, knows better than most that it cannot rely on coal power. But just when its plans to shift to renewable energy to help drive Africa’s most industrialised economy were gaining momentum, rising costs linked to the pandemic and the war …

Pandemic, war and ‘crazy’ prices threaten South African pivot from coal Read More »