Brazil’s Magalu blames wider quarterly loss on high borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza reported on Monday a second-quarter adjusted net loss of 198.8 million reais…
August 2023
Discover Financial CEO Roger Hochschild steps down
(Reuters) – Digital banking firm Discover Financial Services said on Monday Roger Hochschild would step down as chief executive officer…
Goldman Sachs appoints John Greenwood as co-head of Latin America -memo
NEW YORK (Reuters) – Goldman Sachs appointed John Greenwood as its co-head of Latin America and head of investment banking…
Argentina devalues peso, raises rates after shock primary vote
By Eliana Raszewski and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina’s government devalued its currency by nearly 18% on Monday…
Former FBI agent says he was not aware of interference in Hunter Biden probe
WASHINGTON (Reuters) – A former FBI agent who helped lead the probe of Hunter Biden told congressional investigators that he…
Mississippi officers plead guilty in assault of two Black men
By Rachel Nostrant (Reuters) – Six white former Mississippi law enforcement officers pleaded guilty on Monday to state charges for…
EV maker Canoo posts smaller-than-expected loss on lower costs
(Reuters) – Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its…
Private jet firm Wheels Up considers options, including bankruptcy protection
(Reuters) -Private jet charter company Wheels Up Experience said on Monday it was considering strategic alternatives, including filing for bankruptcy…
Warren Buffett’s company invests in three homebuilders even as rates rise
By Jonathan Stempel (Reuters) -Berkshire Hathaway, the conglomerate run by billionaire Warren Buffett, on Monday disclosed new investments in the…
Marketmind: China data deluge as EM turmoil deepens
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….