By Kylie Madry MEXICO CITY (Reuters) – Mexico’s state-run lithium company is examining a geothermal extraction method of the white metal, its Chief Executive Pablo Taddei said in a panel Wednesday, looking to complement the primary method of extracting the metal from clay-based deposits. “We’re also exploring – and I think really great synergies are…
SAO PAULO (Reuters) – Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil’s earnings season by beating market consensus for its first quarter net profit. Usinas Siderurgicas de Minas Gerais SA, as the company is formally known, said in a…
(Reuters) -Shares of AT&T Inc fell 4% in premarket trade on Thursday as the wireless carrier missed Wall Street estimates for first-quarter revenue, signaling intense competition from rivals Verizon Communications Inc and T-Mobile US Inc. Much like other sectors, telecoms are facing the pinch of consumers reluctant to spend more for 5G adoption and broadband…
(Reuters) -Auto retailer AutoNation Inc on Thursday missed Wall Street estimates for first-quarter revenue as higher new vehicle and after-sales demand was offset by weakness in used vehicle and customer financial service businesses. The company benefited over the past few years from people investing in new vehicles and maintenance-related services, but lost some of that…
By Kirstin Ridley LONDON (Reuters) -More than 300,000 investors in the failed equity income fund run by one-time star stock picker Neil Woodford have been offered potential redress of up 235 million pounds ($292 million) after a four-year British investigation. The Financial Conduct Authority (FCA) said investors should consider the proposal by Link Fund Solutions…
NAIROBI (Reuters) – A Kenyan judge ruled on Thursday that Facebook’s parent company Meta could be sued in Kenya, after 43 moderators at its Nairobi hub last month filed a lawsuit against the group and its local partner Sama for unfair termination. In response, Judge Matthews Nduma issued an interim injunction against Meta and Sama…
By Kevin Yao BEIJING (Reuters) -A recovery in Chinese consumer demand needs time to pick up due to the “scarring effect” of COVID-19, but there is no basis for any long-term deflation, an official from the People’s Bank of China (PBOC) said on Thursday. While the world’s second-largest economy reported better-than-expected growth in the first…
LONDON (Reuters) – The European Parliament on Thursday overwhelmingly backed the European Union’s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against regarding the world’s first comprehensive set of regulations for cryptoasset markets. EU states have already given the nod to the rules which will be rolled…
(Reuters) – U.S. homebuilder D.R. Horton Inc posted a 34.4% fall in quarterly profit on Thursday, as high prices and expensive mortgages made housing unaffordable for many Americans. The Federal Reserve’s aggressive interest rate hikes have pushed the housing market into a recession, with residential investment contracting for seven straight quarters, the longest such streak…
By Gilles Guillaume and Silvia Aloisi PARIS (Reuters) -Renault does not plan to drastically cut prices on its electric vehicles, including the recently launched Megane E-Tech, and follow U.S. rival Tesla in what the French carmaker’s finance chief on Thursday called a downward “spiral”. Tesla late on Wednesday posted its lowest quarterly gross margin in…
