Mikie Sherill credits $10 million net worth increase since taking office as being really lucky
MORRISTOWN, N.J. — Rep. Mikie Sherrill responded to questions this week regarding a reported $7 million increase in household stock assets since taking office, attributing the gain to her and her husband…
Capital One Reports First Quarter 2022 Net Income of $2.4 billion, or $5.62 per share
MCLEAN, Va., April 26, 2022 — Capital One Financial Corporation (NYSE: COF) today announced net income for the first quarter of 2022 of $2.4 billion, or $5.62 per diluted common share, compared…
Speculators’ net long bets on U.S. dollar trimmed -CFTC, Reuters
By Saqib Iqbal Ahmed NEW YORK – Speculators’ net long bets on the U.S. dollar fell for a third straight week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission…
Brazil’s Assai net revenue grows 21% in Q1
(Reuters) – Brazilian cash-and-carry chain Assai reported on Tuesday first-quarter net revenue of 11.443 billion reais ($2.45 billion), 21.1% above the same period from 2021. The figure reflects the high performance of…
Big U.S. banks see higher net interest income as rates rise
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the first quarter, as the U.S. Federal Reserve’s…
Speculators pare back net long U.S. dollar bets in latest week -CFTC, Reuters data
NEW YORK – Speculators’ net long positioning on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The…
Zurich Insurance targets net zero in own operations by 2030
ZURICH – Zurich Insurance on Thursday said it aimed to achieve net-zero greenhouse gas emissions in its own operations by 2030, bringing forward its target by 20 years. “Zurich Insurance Group is…
Banks undermine their ‘net zero’ pledges through lobbying – report
LONDON – Thirty of the world’s largest financial institutions are undermining their commitment to cutting carbon emissions by lobbying against climate regulation and by funding new fossil fuel projects, according to a…
Chalco’s net profit hits 14-year high after surge in metals prices
By Min Zhang and Twinnie Siu BEIJING/HONG KONG – Aluminum Corp of China Ltd, known as Chalco, said on Tuesday its net income surged 564.6% in 2021 to log its best performance…
Speculators’ net long bets on U.S. dollar edge higher -CFTC, Reuters
By Saqib Iqbal Ahmed NEW YORK – Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission…
ECB won’t raise rates until some time after net bond buying ends -Lagarde
FRANKFURT – The European Central Bank has no intention of raising interest rates until some time after it has ended its bond buying at the end of the third quarter, ECB President…
Brazil’s Embraer reports Q4 net profit of $2.1 million
By Gabriel Araujo and Peter Frontini SAO PAULO – Brazilian planemaker Embraer SA on Wednesday reported net profit of 11.1 million reais ($2.1 million) in the fourth quarter, up from a 7.7…
Chile’s Cencosud reports Q4 net profit of $249 million
– Chilean retailer Cencosud on Thursday posted a fourth quarter net profit of $249 million, boosted by improved revenues in the countries it operates, which also include Argentina, Peru, Brazil and Colombia.…
Speculators cut net long US dollar bets in latest week
– Speculators cut their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the…
Hong Kong bourse operator’s annual net profit rises 9%
HONG KONG – The Hong Kong stock exchange operator’s 2021 net profit rose 9% but missed expectations, as China’s regulatory crackdowns resulted in fewer listings and struggling markets hurt its investment income.…
Brazil’s GPA posts 107.7% increase in 4th-quarter net profit
– Brazilian food retailer GPA reported on Wednesday a net income of 777 million reais ($155.10 million) in the fourth quarter of 2021, a 107.7% increase over the same quarter in the…
Telefônica Brasil posts 103.2% growth in Q4 net profit
– Telefonica Brasil on Tuesday reported its quarterly net profit rose 103.2%, helped by a tax credit recognition of 1.4 billion reais. The telecoms operator’s fourth quarter net profit of 2.628 billion…
Hargreaves’ asset growth, net new business slows; shares fall
By Sinchita Mitra -Britain’s biggest retail stockbroker Hargreaves Lansdown on Tuesday reported slower growth than analysts had expected in the assets it manages and net new business for the half year to…
Brazil wholesaler Assai posts 76% increase in Q4 net profit
– Brazilian wholesaler Assai posted on Monday fourth-quarter net income of 527 million reais ($103.26 million), beating estimates as store openings accelerated.Net income rose 76% from a year earlier, above a Refinitiv…
US Set To Again Become Net Importer Of Oil Despite Vast Resources
The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation achieved net exporter status, according to government data. The country will import…
Brazil’s Carrefour Brasil reports a 13.5% drop in Q4 adjusted net income
– Carrefour Brasil reported on Tuesday that fourth-quarter net income fell from a year earlier but beat estimates, helped by sales increases. The local unit of French retailer Carrefour SA posted an…
Swisscom names Aeschlimann CEO, one-offs swell 2021 net profit
ZURICH – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the company said…
Hainan Airlines expects to return to net profit for 2021
BEIJING – Hainan Airlines expects to return to net profit for last year following restructuring and a pickup in domestic travel, the carrier said on Thursday. The airline expects to report a…
Largest US Oil Producer Vows Net Zero Emissions By 2050
ExxonMobil, the largest American producer of crude oil, outlined its plan Tuesday to achieve net zero carbon emissions by 2050, improving upon previous goals. The major oil producer identified more than 150…
HSI-led investigations net largest-ever seizures of Iranian weapons, fuel
WASHINGTON — An investigation led by U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigation’s (HSI) Washington D.C. Field Office and Defense Criminal Investigative Service’s (DCIS) Mid-Atlantic Field Office led an investigation…
FCC Commissioner Brendan Carr Says Net Neutrality Debate Is ‘All Over,’ Real Threat Is Big Tech
Federal Communications Commissioner (FCC) Brendan Carr expressed doubts about a return to previous net neutrality rules, arguing that the central danger to free expression on the internet came from major online tech…
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