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…
Chile’s Cencosud posts Q2 net loss of $21.9 million
SANTIAGO – Chilean retailer Cencosud on Thursday said its net loss in the second quarter was of $21.9 million. Cencosud, one of South America’s largest retailers, reported that its overall revenue increased…
Japan’s GPIF posts $28 billion Q1 investment loss on market turbulence
TOKYO -Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears…
Saudi Arabia posts almost $21 billion second-quarter surplus
By Yousef Saba DUBAI – Saudi Arabia has registered a budget surplus of nearly 78 billion riyals ($21 billion) in the second quarter of 2022, the finance ministry said on Thursday, an…
Beiersdorf posts 10.5% organic sales growth in H1, affirms outlook
BERLIN – Nivea owner Beiersdorf posted 10.5% organic sales growth in the first half of the year, it said on Thursday, affirming its guidance for the full year. First-half sales grew to…
Tenaris posts 167% rise in Q2 core profits
(Reuters) – Steel pipe maker Tenaris reported a 167% increase in core profit in the second quarter with sales improving sequentially also thanks to further pricing gains in North America and a…
Adidas posts 28% decline in Q2 operating profit despite sales increase
BERLIN – Adidas on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in Russia, higher supply chain…
Brazil posts $5.4 billion trade surplus in July, lower than expected
BRASILIA – Brazil posted a lower than expected trade surplus of $5.444 billion in July, official data showed on Monday, with growth in imports again strongly outpacing that of exports. The figure…
Japan Airlines posts narrower Q1 operating loss
TOKYO – Japan Airlines on Monday posted a narrower 30.2 billion yen ($228 million) operating loss for the first quarter, aided by a recovery in travel demand as pandemic-related restrictions eased. Earnings…
‘More Money Than God’: Big Oil Posts Record-Breaking Profits in Second Quarter
‘More Money Than God’: Big Oil Posts Record-Breaking Profits in Second Quarter John Hugh DeMastri on July 29, 2022 UPDATE: This piece has been updated to include comment from Exxon Mobil. The…
Brazil’s Raia Drogasil posts 48% increase in Q2 adjusted net profit
(Reuters) – Brazilian pharmacy chain Raia Drogasil SA posted on Friday a 48% increase on its second-quarter adjusted net profit. The company’s profit rose to 343.746 million reais ($66.46 million)in the quarter.…
Exxon posts record-breaking second-quarter profit
By Sabrina Valle HOUSTON – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.…
Singapore lender UOB posts 11% rise in Q2 net profit
SINGAPORE – Singapore’s smallest listed lender, United Overseas Bank (UOB), reported a rise of 11% in second-quarter profit, supported by a strong improvement in net interest income amid increasing interest rates. “This…
Mexico’s Cemex posts earnings drop, cuts operating profit forecast
By Kannaki Deka and Isabel Woodford (Reuters) – Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast,…
Brazil’s Assai posts nearly 21% jump in quarterly profit
(Reuters) – Brazilian cash-and-carry chain Assai reported a 20.7% increase in second-quarter net profit, compared to the same period last year, to reach 319 million reais ($60.83 million), the company said on…
Valeo posts profit beat amid ‘improving’ chip shortage, EV adoption accelerates
(Reuters) – French car parts maker Valeo on Tuesday posted slightly better-than-expected half-year core profit and reiterated its full-year guidance, citing a projected increase in global car output. Valeo’s half-year earnings before…
Swedish utility Vattenfall posts 54% profit rise
STOCKHOLM – Swedish utility Vattenfall reported a 54% rise in second-quarter operating earnings on Friday as higher electricity prices across the Nordic region, Germany and the Netherlands boosted sales. Underlying earnings before…
Global ESG bond issuance posts H1 dip as supranationals cut back
By Patturaja Murugaboopathy and Simon Jessop LONDON – Global issuance of bonds focused on environmental or social projects fell in the first half of the year as supranational issuers scaled back activity…
Uniqlo owner posts record quarterly profit, lifts annual forecast
TOKYO – Japan’s Fast Retailing, the owner of clothing brand Uniqlo, posted record quarterly profit on Thursday, as the weaker yen and strong sales in the United States made up for a…
Emerging market fund Ashmore shares hit 13-yr low as investors pull out cash
LONDON -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from its funds after a torrid few months…
Musk breaks silence on Twitter, posts a picture with the pope
(Reuters) – Elon Musk on Friday night broke his nine-day silence on Twitter, the social media platform he is trying to buy for $44 billion, posting a picture of him meeting Pope…
Brazil posts trade surplus of $8.8 billion in June
BRASILIA – Brazil’s trade surplus reached $8.814 in June, official figures showed on Friday, below market expectations. Economists polled by Reuters had projected a $9.994 billion surplus for the month. The reading…
Fetterman Posts Near Double-Digit Lead Over Oz Despite Medical Issues: POLL
Fetterman Posts Near Double-Digit Lead Over Oz Despite Medical Issues: POLL Sebastian Hughes on June 15, 2022 Democratic Pennsylvania Lt. Gov. John Fetterman held a huge lead over Republican Mehmet Oz in…
Brazil central government posts better than expected 28.6 billion reais surplus in April
BRASILIA – Brazil’s central government reported a better than expected primary budget surplus of 28.6 billion reais ($5.57 billion) in April, official figures showed on Tuesday, with increased tax revenue helping to…
Police Find Weapons Cache, Heroin After Juvenile Posts Video with Gun in Pittsburgh
PITTSBURGH, PA – A video of a juvenile, armed with a gun on his way to a parking lot in East Hills sparked a police response from the Pittsburgh Police Department on…
Ad group S4 Capital posts 35% first quarter gross profit growth
LONDON – Martin Sorrell’s digital advertising group S4 Capital reported a 34.5% rise in first-quarter gross profit and reiterated its full-year outlook, saying it expected robust demand despite forecasts of slowing global…
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