SHANGHAI (Reuters) – Semiconductor Manufacturing International Corporation (SMIC) co-CEO Zhao Haijun said on Friday on an earnings call that recent…
S.Korea central bank governor says dollar/won moves in line with expectations
SEOUL (Reuters) – South Korea’s central bank governor on Friday said recent dollar/won movement was in line with his expectations,…
Mexico president confirms nomination of cenbanker Esquivel for IDB chief
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador confirmed on Thursday the nomination of Bank of Mexico Deputy…
Buffett’s Berkshire sheds large portion of US Bancorp stake
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, said on Thursday it has shed more than…
Bigger loans help Brazil bank Itau’s earnings outclass peers
SAO PAULO (Reuters) -Latin America’s biggest bank Itau Unibanco SA on Thursday posted a recurring net profit rise of 19%,…
Brazil’s Rumo profit soars on higher volumes, tariffs
SAO PAULO (Reuters) – Brazilian railroad operator Rumo SA reported on Thursday a six-fold jump in third-quarter profit, benefiting mainly…
Peru’s central bank raises benchmark interest rate to 7.25%
LIMA (Reuters) – Peru’s central bank increased its benchmark interest rate by 25 basis points to 7.25% on Thursday, as…
California’s new solar energy proposal removes hefty grid connection fee
By Ruhi Soni and Peter Henderson (Reuters) – California regulators on Thursday revised their proposal for rooftop solar systems credits,…
Exclusive-Glencore, Chad creditors agree in principle on terms of debt treatment – source
By Andrea Shalal WASHINGTON (Reuters) -Switzerland-based Glencore, China and Chad’s other creditors have reached an agreement in principle on restructuring…
Brazil’s Magazine Luiza swings to loss, hit by higher borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza SA reported on Thursday an adjusted net loss of 146 million reais…