SAO PAULO (Reuters) -South American e-commerce giant MercadoLibre reported a 113% rise in its second-quarter net income on Wednesday to $261.9 million, amid higher sales volume and an increase in users. The company, with a presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion….
BEIJING (Reuters) – China’s services activity expanded at a slightly faster pace in July, supported by a jump in business in the summer travel season, a private-sector business survey showed on Thursday, partly offsetting the drag from the weak manufacturing sector. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 54.1 in July from…
By Makiko Yamazaki TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) said on Thursday it would invest $936 million in U.S. Bancorp – a move that will help the U.S. regional bank pay back some of the debt it owes the Japanese lender. In return, MUFG’s stake in the fifth largest U.S. bank will rise to…
(Reuters) – Anti-aircraft units were in action against attack drones during a three-hour air raid alert in and around Kyiv on Thursday, the military said, with several explosions reported but no strikes or casualties announced. Kyiv military authorities lifted the alert just after 4 a.m. (0100 GMT). One report by the military said airborne targets…
By Philip Pullella, Catarina Demony and Patricia Vicente Rua LISBON (Reuters) -Pope Francis on Wednesday said the Catholic Church needs a “humble and ongoing purification” to deal with the “anguished cries” of victims of clerical sexual abuse, who he met privately on the first day of his visit to Portugal. Francis was speaking in Lisbon…
By Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) -U.S. efforts to hold Donald Trump criminally responsible in a plot to overturn the 2020 election were gaining steam, as the former president prepared to face federal charges in a Washington courtroom on Thursday while Georgia state prosecutors looked poised to issue their own charges in…
By Navya Mittal (Reuters) – Australian contractor Downer EDI said on Thursday it expected to record a statutory net loss after tax of about A$386 million ($252.52 million) for fiscal 2023 on impairments against its facilities and utilities units. Shares of Downer EDI fell nearly 6% to A$4.17 in their biggest intraday loss since Feb….
DUBLIN (Reuters) – Irish service sector growth remained robust in July amid a strengthening in business sentiment and a slight easing in still high input and output cost pressures, a survey showed on Thursday. The AIB S&P Global Purchasing Managers’ Index (PMI) for services was almost unchanged at 56.7 versus 56.8 in June. The index…
By Susan Mathew and Saeed Azhar (Reuters) -Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors and analysts said. Wall Street’s three major indexes ended lower on Wednesday, a day after Fitch unexpectedly stripped the U.S….
TOKYO (Reuters) – Japan’s service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector stayed solid amid the fading impact of COVID-19, a private-sector survey showed on Thursday. The final au Jibun Bank Japan Services purchasing managers’…
