Transgendered Army pilot sues conservative influencer for false posts in deadly crash in D.C.
WASHINGTON, D.C. — A transgender Army National Guard pilot has filed a federal defamation lawsuit against a right-wing social media influencer after being falsely identified as the pilot in a deadly aviation…
Judge Warns Trump Over Social Media Posts, Declines Gag Order
Judge Warns Trump Over Social Media Posts, Declines Gag Order Harold Hutchison on April 4, 2023 The judge overseeing the arraignment of former President Donald Trump Tuesday warned the former president over…
Brazil posts record trade surplus for March on booming oil, soybean exports
BRASILIA (Reuters) – Brazil posted the highest trade surplus ever recorded for March, driven by solid oil sales, according to government data on Monday. The trade balance was positive at $10.956 billion…
Chile economic activity index posts surprise annual fall in February
SANTIAGO (Reuters) – Chile’s IMACEC economic activity index dropped 0.5% in February compared to the same month last year, data showed on Monday, well below the expectations of economists polled by Reuters,…
Chinese property developer Sunac posts $2 billion core loss in 2022
HONG KONG (Reuters) – Major property developer Sunac China on Friday logged a net narrowing core loss of 13.86 billion yuan ($2.02 billion) in 2022, as the debt-laden firm slowed its project…
Philippines posts biggest trade deficit in 5 months
MANILA (Reuters) – The Philippines posted its widest trade deficit in five months for January as exports fell sharply, pointing to a worsening trade balance that could put pressure on the peso…
Brazil’s RD posts 47% increase in Q4 adjusted net profit
SAO PAULO (Reuters) – Brazilian pharmacy chain RD SA, Raia Drogasil, posted on Tuesday a 47% jump year-over-year in fourth-quarter adjusted net profit to 301.1 million reais ($58.00 million), boosted by an…
Chile’s Cencosud posts uptick in profits boosted by core business
SANTIAGO(Reuters) – Chilean retailer Cencosud posted a 22% rise in its fourth-quarter profit last year, the company said in a statement on Thursday, boosted by stronger results in its core business such…
Ferragamo posts smaller than expected operating profit drop
MILAN (Reuters) – Italian luxury goods group Salvatore Ferragamo on Thursday reported a smaller-than-expected 10.8% drop in operating profit for 2022, as it shouldered higher costs in a push to relaunch the…
Brazil posts lower than expected trade balance in February amid lower exports
BRASILIA (Reuters) -Brazil’s trade surplus for February fell a larger-than-expected 35% from the same month last year as exports, especially of oil, declined, government data released on Wednesday showed. The trade surplus…
Colombia’s Grupo SURA posts 82% jump in Q4 net profit
BOGOTA (Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, rose by 81.9% in the fourth quarter of 2022 compared to the year earlier period, the firm said in a…
Italy posts firm growth in 2022, but budget deficit overshoots
By Antonella Cinelli and Valentina Consiglio ROME (Reuters) – Italy posted firm economic growth of 3.7% last year but the budget deficit far exceeded official forecasts due to the cost of tax…
Bundesbank posts first loss in over four decades as higher rates bite
FRANKFURT (Reuters) – Germany’s Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and…
Abercrombie & Fitch posts a fall in quarterly profit
(Reuters) – Abercrombie & Fitch Co on Wednesday reported a 41.5% drop in quarterly profit, as higher labor costs and inflationary pressures squeezed margins. The company’s net income attributable to Abercrombie fell…
Chile’s Falabella posts Q4 net loss as key sectors see revenue drop
(Reuters) – Chilean retailer Falabella on Tuesday reported a fourth-quarter net loss of 22.6 billion Chilean pesos ($26.3 million), after posting a net profit of 196.2 billion pesos in the year ago…
U.S. consumer spending posts biggest gain in nearly two years; inflation picks up
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market…
Foreign direct investment in Brazil posts best January in 5 years
BRASILIA (Reuters) – Foreign direct investment in Brazil reached its highest level for January in five years, according to central bank data on Friday, continuing a trend of strong results since last…
ECB posts loss as it pays price for its own rate hikes
FRANKFURT (Reuters) -The European Central Bank made a loss last year as its own interest rate increases forced it to write down the value of some bonds and fork out billions of…
CoStar ends talks to buy Move Inc, posts weak profit forecast
(Reuters) -CoStar Group said on Tuesday it was no longer in talks to buy Realtor.com owner Move Inc from News Corp and forecast disappointing first-quarter revenue that sent its shares down 15%…
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in private-equity returns.…
Australia’s Westpac posts lower CET1 ratio as provisions rise
(Reuters) – Westpac Banking Corp said on Friday its common equity tier-1 ratio in the first quarter fell sequentially as the lender increased provisions for bad debts. The bank did not disclose…
Whitehaven Coal posts 5-fold jump in H1 earnings but dividend disappoints
By Melanie Burton and Jaskiran Singh MELBOURNE (Reuters) – Australia’s Whitehaven Coal Ltd posted a more than five-fold jump in first-half profit on Thursday, aided by soaring coal prices, but paid a…
Biden expected to announce Brainard, Bernstein for top posts after markets close -source
WASHINGTON (Reuters) – President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard and his trusted confidant Jared Bernstein as top economic advisers after financial markets close on Tuesday,…
Brazil’s Carrefour Brasil posts 28% drop in Q4 adjusted net profit
SAO PAULO (Reuters) – Carrefour Brasil reported on Monday its fourth-quarter adjusted net profit decreased 28.2% from a year earlier to 550 million reais ($106.19 million), hit by a double digit increase…
Mexico’s Cemex posts surprise quarterly loss; shares drop
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) – Mexican cement producer Cemex posted an unexpected fourth-quarter loss on Monday, logging hefty one-off charges for impairment of goodwill and fixed assets.…
Suncorp cash earnings jump on strong margins and investment returns, shares up
By Roushni Nair (Reuters) -Australia’s Suncorp Group posted a 63% jump in first-half cash earnings on Wednesday, helped by strong underlying margins and investment returns, while the insurer flagged higher reinsurance and…
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