SAO PAULO (Reuters) -Itau Unibanco Holding SA, Brazil’s biggest private bank, reported on Monday first-quarter recurring net profit up 14.6% year-on-year, boosted by a larger loan portfolio with[...]
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May 8, 2023
Brazil’s ride-hailing app 99 aims to double electric cars within a year
By Andre Romani SAO PAULO (Reuters) – Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goa[...]
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Bentley production chief to lead Volkswagen’s software overhaul
By Jan Schwartz (Reuters) -Volkswagen has appointed Bentley production chief Peter Bosch to lead its software subsidiary Cariad, dismissing all but one of the unit’s current executive board memb[...]
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VW’s Skoda Auto reports 61% rise in Q1 operating profit
PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen group, lifted operating profit by 60.8% year-on-year to 542 million euros ($598 million) in the first quarter, while revenue[...]
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Exclusive-HSBC reaches deal to buy out China fund partner -sources
By Selena Li HONG KONG (Reuters) -HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expan[...]
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KKR posts 26% drop in Q1 earnings, beating expectations
By Chibuike Oguh NEW YORK (Reuters) – KKR & Co Inc said on Monday its after-tax distributable earnings fell 26% year-on-year in the first quarter due to a sharp drop in asset sales from its[...]
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Standard Chartered CEO says big U.S. recession unlikely
By Yousef Saba DUBAI (Reuters) – Standard Chartered Chief Executive Bill Winters said on Monday he sees a big recession in the United States as unlikely, although a period of negative growth was[...]
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Red metal rising: Argentina sets lofty sights on global copper top 10
By Lucila Sigal BUENOS AIRES (Reuters) – Argentina, known better for its Malbec than its mining, has its sights set on becoming a top ten copper producer by 2030, with an investor friendly stanc[...]
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Marketmind: Debt ceiling countdown
(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. U.S. Treasury Secretary Janet Yellen didn’t pull any punches on Sunday when she said failure to resolve t[...]
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