By Shashwat Chauhan (Reuters) -European shares closed higher on Monday, rebounding from a near one-week low, as gains in retail and healthcare outpaced the fall in miners and energy, both bruised by concerns over China’s embattled property sector. The pan-European STOXX 600 closed the day 0.2% higher, bouncing back from a more than 1% decline…
By Gabriel Araujo SAO PAULO (Reuters) -Brazilian planemaker Embraer on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. Francisco Gomes Neto said in an interview there is a “good chance” Embraer will deliver 80 or more commercial aircraft next year, up from a…
By Alexander Marrow (Reuters) – Russia’s benchmark stock index retreated on Monday from its highest since before Moscow sent troops into Ukraine on Feb. 24, 2022, after the central bank suddenly announced an emergency policy meeting on Tuesday, ending a sharp slide in the rouble. President Vladimir Putin’s economic adviser blamed the central bank’s “soft…
(Reuters) – AMC Entertainment Holdings said on Monday its 10-to-1 reverse stock split will take place on Aug. 24 and its preferred shares “APE” will be converted to common stock on Aug. 25. The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to…
By Deborah Mary Sophia (Reuters) -Kraft Heinz’s CEO Miguel Patricio will step down from the role and be succeeded by Carlos Abrams-Rivera, the president of its North American business, starting next year, the packaged food maker said on Monday. Patricio joined Kraft Heinz in July 2019 as the company bet on a marketing veteran to…
By Michael S. Derby NEW YORK (Reuters) – Americans said last month they expected weaker inflation over the next few years, and they also marked up their own views of their personal financial situations, according to a survey released on Monday by the New York Federal Reserve. In its latest survey of consumer expectations, the…
By Sriparna Roy (Reuters) -BioXcel Therapeutics Inc said on Monday it will cut more than half of its workforce, as the drugmaker shifts its focus towards developing its agitation treatment for use in at-home settings, sending shares down about 46%. The drugmaker said it was taking a three-step approach to restructure its business, including prioritizing…
By Jorge Garcia and Mike Blake KAHULUI, Hawaii (Reuters) -The death toll from the Maui wildfires reached 96 on Sunday as relatives of the missing frantically searched for signs their loved ones may still be alive, while survivors grappled with the scale of the disaster and sought solace at church services. Days after the inferno…
(Reuters) -Embattled property developer China Evergrande Group said on Monday its listed electric-vehicle arm has agreed to issue new shares to certain subscribers to ease loan burden and improve liquidity as part of its restructuring proposal. Under the terms, China Evergrande New Energy Vehicle Group (NEV) will issue an aggregate of 5.44 billion new shares…
(Reuters) -U.S. natural gas producer Chesapeake Energy said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources for $700 million, completing its exit from the south Texas basin. The company’s asset sales in the basin has generated total proceeds of more than $3.5 billion, including Monday’s deal. Chesapeake said last year…
