MEXICO CITY (Reuters) – Carrefour Brasil reported a 95.2% drop in its second-quarter adjusted net profit to reach 29 million reais ($6.10 million), hit by the financial impact of its integration with BIG Group, the company said on Tuesday. The Brazilian arm of French retailer Carrefour SA said that net sales rose 8.1% to reach…
By Niket Nishant and Sri Hari N S (Reuters) -Visa on Tuesday forecast annual results in line with Wall Street estimates and executives looked to allay fears of a spending slowdown, after the payments processor reported its smallest jump in quarterly profit in over two years. Months of high inflation and rising borrowing costs are…
By Brendan O’Brien (Reuters) -The 18-year-old son of NBA legend LeBron James suffered a cardiac arrest while practicing with the University of Southern California (USC) basketball team and was in stable condition, ESPN reported on Tuesday, citing a James family statement. The statement said Bronny James was no longer in intensive care at a hospital…
By Lisa Baertlein and Priyamvada C (Reuters) -UPS and its Teamsters union have signed a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of the nation’s package shipments. Tuesday’s agreement, which must…
(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Tuesday he would tolerate no corruption or treachery in affairs of state while his country is struggling to find the means to defend itself against Russian invaders. Zelenskiy made anti-corruption appeals in his nightly video address as two landmark cases came to light – the arrests of…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian stock markets will open strongly on Wednesday if the previous day’s China- and U.S.-fueled momentum doesn’t wilt, as investors brace for a triple whammy of major central bank policy decisions over the coming 72…
By Trevor Hunnicutt and Jonathan Allen WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday honored Emmett Till, the Black teenager whose 1955 killing helped galvanize the Civil Rights movement, and his mother with a national monument spanning two states and a call for Americans to learn the country’s full history. Till, 14 and visiting from…
FRANKFURT (Reuters) – Activist group Greenpeace said on Wednesday the European Central Bank has broken a pledge to join the fight against climate change and should take more steps to clean up its huge portfolio of bonds, such as ditching companies that pollute the most. The ECB started steering its corporate bond purchases towards “greener”…
By Dietrich Knauth NEW YORK (Reuters) – OxyContin maker Purdue Pharma may proceed with a bankruptcy settlement that protects its Sackler family owners from lawsuits, despite a potential U.S. Supreme Court appeal in the case, a U.S. court ruled on Tuesday. The 2nd U.S. Circuit court of appeals approved Purdue’s bankruptcy plan in May, ruling…
By Moira Warburton and Josephine Walker WASHINGTON (Reuters) – Democratic U.S. Representative Greg Casar of Texas held a thirst strike at Congress on Tuesday to protest a new law signed by Republican Texas Governor Greg Abbott blocking local ordinances that mandate water breaks for workers. Casar, whose district includes parts of Austin and San Antonio,…
