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 better spreads even as provisions for bad loans increased. The bottom line of 8.44 billion reais ($1.7 billion) was broadly in line with expectations of 8.42 billion…
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 goal of reaching 1,000 vehicles, the company said on Monday. The target was announced as the Alliance for Sustainable Mobility, a…
By Ali Kucukgocmen ISTANBUL (Reuters) – Istanbul barber Hakim Ekinci, a long-time supporter of Tayyip Erdogan, won’t be voting for the president next Sunday, blaming his economic policies for eroding Turks’ purchasing power and leaving many unable to afford even basic foodstuff. Erdogan and his Islamist-rooted AK Party were able to maintain their voter base,…
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 members as the automaker tries to get the troubled division on track. Bosch will take over from June 1, the German group said on Monday, with two…
(Reuters) – Germany’s Merck KGaA has appointed Helene von Roeder as the new chief financial officer and member of the Executive Board after Marcus Kuhnert has decided to step down, the drugmaker announced on Monday. The changes would become effective from July 1, the company added. German real estate company Vonovia announced this month that…
SYDNEY (Reuters) – Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, a political win for the centre-left Labor government since coming to power last May. The budget will forecast a small surplus of around A$4 billion…
(Reuters) – Russia launched its biggest swarm of drones for months against Ukraine on Monday, the eve of Russia’s May 9 Victory Day holiday celebrating the defeat of Nazi Germany, which Kyiv marked a day earlier in a new break with Moscow. CONFLICT * Kyiv’s mayor said Russia had fired 60 Iranian-made kamikaze drones at…
By Elizabeth Piper and Pavel Polityuk KYSHCHENTSI, Ukraine (Reuters) – Dutchman Kees Huizinga has faced many challenges in the two decades he has spent as a farmer in Ukraine. Russia’s invasion has thrown up one challenge he never expected. Around 40 of his 350 workers have signed up to fight in the war, and the…
(Reuters) – Contract drug manufacturer Catalent Inc said on Monday that it expects to “significantly” reduce its 2023 forecasts for revenue and core profit, and also delay releasing its third-quarter results by a week. Shares of the company fell about 20% before the bell. Catalent had, earlier in April, warned that slow production and higher-than-expected…
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 rose by a third to 6.8 billion euros, the company said on Monday. Global deliveries increased in the period by 12.6%, which Skoda had previously…
