(Reuters) – LATAM Airlines reported a first-quarter net profit of $121.8 million, the company said on Wednesday, reversing a net loss of $380 million in the year-ago period. The airline, created by the 2012 merger of Chile’s LAN with Brazilian rival TAM, operates units in Chile, Brazil, Colombia and Peru. Revenue for Santiago-based LATAM during…
(Reuters) – LATAM Airlines reported a first-quarter net profit of $121.8 million, the company said on Wednesday, reversing a net loss of $380 million in the year-ago period. The airline, created by the 2012 merger of Chile’s LAN with Brazilian rival TAM, operates units in Chile, Brazil, Colombia and Peru. Revenue for Santiago-based LATAM during…
(Reuters) – Western Alliance Bancorp said on Wednesday it had not experienced unusual deposit outflows following the sale of collapsed lender First Republic Bank to JPMorgan Chase & Co, as the U.S. regional bank sought to reassure investors. Phoenix-based Western Alliance said its total deposits were $48.8 billion as of Tuesday, up from $48.2 billion…
SAN FRANCISCO (Reuters) -Proxy advisory firm ISS on Wednesday recommended Tesla investors vote against the re-election of board chair Robyn Denholm, citing concerns about a lack of scrutiny of the pledging of some company stocks by CEO Elon Musk and his brother Kimbal Musk. Pledging shares, or using them as collateral for loans, raises risks…
(Reuters) -Private-equity firm Apollo Global Management is nearing a deal to buy U.S. aluminum products maker Arconic, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The deal, which could be announced by the time Arconic reports its results on Thursday, is set to value the manufacturer at $30 a share,…
By Rae Wee SINGAPORE (Reuters) – The dollar slipped against most major currencies on Thursday after the U.S. Federal Reserve opened the door to a pause in its aggressive tightening cycle, though markets were buffeted by risk aversion amid a rout in regional U.S. bank shares. The Fed on Wednesday raised its benchmark overnight interest…
By Andrea Shalal WASHINGTON (Reuters) – Oklahoma is seeing a sharp increase in foreign investment interest, especially in its renewable energy sector, and is on the cusp of signing large new deals with firms in Switzerland and Asia, Governor Kevin Stitt told Reuters on Wednesday. Stitt said Oklahoma, which just signed a trade agreement with…
By David Shepardson WASHINGTON (Reuters) -The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches…
By Mohamed Nureldin and Nafisa Eltahir KHARTOUM (Reuters) -The United Nations pressed Sudan’s warring factions on Wednesday to guarantee safe passage of humanitarian aid after six trucks were looted and air strikes in the capital undermined a supposed truce. U.N. aid chief Martin Griffiths said he hoped to have face-to-face meetings with Sudan’s warring parties…
By Sarah Morland MEXICO CITY (Reuters) -Mexico’s president asked his U.S. counterpart Joe Biden to stop the United States Agency for International Development (USAID) from funding groups hostile to his government, according to a letter presented to journalists on Wednesday, echoing previous Mexican criticism of U.S. interventionism. President Andres Manuel Lopez Obrador did not specify…
