(Reuters) – Brazilian cosmetics maker Natura & Co reported on Wednesday a 292% increase in fourth-quarter net income, pushed by structural changes and faster-than-expected synergy capture with Avon. The company reported a 695.4 million reais ($138.74 million)net profit, beating a Refinitiv forecast of 161 million reais. The company, which owns brands like Avon, The Body…
By Kanishka Singh (Reuters) -The United Arab Emirates is committed to the OPEC+ agreement and its existing monthly production adjustment mechanism, its energy minister said on Wednesday, hours after the Arab country’s ambassador to Washington said it favors an output increase. “The UAE believes in the value OPEC+ brings to the oil market,” UAE energy…
(Reuters) -Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant’s common stock and authorized a $10 billion buyback plan, sending the company’s shares up 7% in extended trading. This is the first stock split by Amazon since 1999 and will give investors 19 additional shares for every share they…
(Reuters) – Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant’s common stock, as well as authorized the repurchase of up to $10 billion of its stock. Shares of Amazon rose 8% in extended trading. Trading is expected to begin on a split-adjusted basis on June 6, the company…
NEW YORK (AP) — A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020 election. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17,…
(In paragraphs 4 and 17, corrects name of analyst to Yawger, not Yawner) By Shariq Khan BENGALURU (Reuters) -Global oil prices on Wednesday posted their biggest plunge since the early pandemic days nearly two years ago, after the United Arab Emirates said the OPEC member would support increasing output into a market in disarray because…
By Ernest Scheyder HOUSTON (Reuters) -Rio Tinto Ltd is working to maintain steady supplies of fuel and other goods for its Mongolian copper operations from suppliers that buy from Russia and elsewhere, a top executive at the mining giant said on Wednesday. The Anglo-Australian company is developing Mongolia’s Oyu Tolgoi, one of the world’s largest…
By Allison Lampert MONTREAL (Reuters) – Canadian carriers are seeing a bounce in spring travel after a slump due to the spread of the Omicron coronavirus variant, with the country’s largest airport bracing for its busiest travel day since the onset of the pandemic this Friday. But just as COVID-19 shows signs of ebbing, surging…
By David Shepardson WASHINGTON (Reuters) – A proposed bill to fund the U.S. government’s operations through September would cut $2 billion from a COVID-19 program to boost aviation manufacturing and repair businesses. The U.S. House of Representatives is set to vote on the bill on Wednesday that redirects $15.6 billion in COVID-19 relief programs to other COVID…
By Valentina Za, Sinead Cruise and Iain Withers MILAN/LONDON (Reuters) -Italy’s UniCredit and France’s BNP Paribas were the latest banks to set out their Russian exposures, warning of billions of euros in potential costs from the financial fallout from Moscow’s invasion of Ukraine amid a wider sector rebound on Wednesday. Banks, insurers and asset managers…
