SAO PAULO (Reuters) - Brazilian steelmaker CSN SA on Friday made the winning bid in the privatization auction of power generator CEEE-G for 928 million reais ($178.71 million).
The offer, made through its subsidiary Companhia Florestal do Brasil, represented a 10.93% premium over the initial auction price.
(Reporting by Letícia Fucuchima; Editing by Christian Plumb)
Dollarama stock is up 22.6% on the TSX today, but its valuations are high too. So what should investors do with this stock? The post Is Dollarama Stock Valuable on the TSX Today? appeared first on The Motley Fool Canada.
(Reuters) -Harley-Davidson Inc. reported a rise in profit in the second quarter on Thursday, beating analyst estimates and sending shares up nearly 7% despite a two-week production shutdown that suspended bike shipments in mid-May. Strong demand for leisure activities and road trips after pandemic lockdowns has kept orders for motorcycles strong, even as Harley struggled with production. "Demand was strong across the board, but available bikes in dealerships were the concern," Chief Executive Jochen Zeitz said on a conference call.
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MEXICO CITY (AP) — Mexico’s economy grew by 1% in the second quarter, Mexico’s national statistics agency said Friday. Economic growth for the first half of 2022 now amounts to 1.9%,after an expansion of 0.9% in the first three months of the year. The economy recovered by 5% in 2021 following a steep drop during the coronavirus pandemic. But growth is expected to slow amid high interest rates and an economic downturn in the United States, by far Mexico’s largest trading partner. Mexico’s central
Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced today its unaudited results for the three and six months ended June 30, 2022 (all dollar amounts are stated in United States dollars).
Major aerospace companies are sounding the alarm on their supply chains as shortages ranging from raw materials to castings or semiconductor chips pressure earnings and crimp the industry's ability to capitalize on roaring travel demand. Worries about the supply of parts, materials and labour dominated last week's Farnborough Airshow and are now working their way into published quarterly outlooks. Airbus cut its full-year jet delivery forecast by 3% and slowed a planned increase in factory production, noting pressure on the engine sector.
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LENORAH, Texas (AP) — To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas operations scattered throughout the oil-rich Permian Basin. What’s not visible through the chain-link fence is the plume of invisible gas, primarily methane, billowing from the gleaming white storage tanks up into the cloudless blue sky. The Mako station, owned by a subsidiary of West Texas Gas Inc., was observed
Nissan Motor Co on Thursday said it was "cautiously optimistic" after posting a 14% drop in quarterly operating profit as the semiconductor shortage gradually eases and COVID-19 lockdowns in Shanghai are lifted. Nissan has taken steps to secure inventory levels with suppliers in the short term and replace custom made semiconductors with general purpose chips over the medium-term, said Chief Operating Officer Ashanti Gupta, adding that the situation is "improving". All of Nissan's suppliers in China have restarted operations at full capacity, the executive added.
(Reuters) -Hershey Co said on Thursday it would fall short of meeting demand for the all-important Halloween and Christmas holiday seasons this year, blaming a scarcity of raw ingredients and difficulties in securing suppliers. Pandemic-induced global supply chain disruptions and the Russia-Ukraine war have crunched supplies of cocoa, edible oil and other food ingredients, pinching production lines of packaged food companies around the world. Hershey Chief Executive Officer Michele Buck said those issues, along with the company's focus on meeting demand during non-holiday periods, would lead to a likely shortage during Halloween, but added that sales will still top last year.
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), U.S. fuelmakers said on Thursday. Fears that the U.S. economy is heading into a recession have sent crude oil prices lower as recessions are usually followed by periods of lower fuel demand. Demand for gasoline has remained below the five-year seasonal average since early June, according to EIA data.
MONTREAL — Transat AT Inc. has secured another emergency loan from Ottawa as the tour operator struggles to shore up its balance sheet. Transat says it has reached a deal to borrow $100 million from the Canada Enterprise Emergency Funding Corporation. The loan comes precisely 15 months after Transat received a $700-million government bailout, saying then that nearly half of the funding would flow toward passenger refunds. The Montreal-based company received an additional $43-million loan last Ma
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce drill assays from 2021 confirm discovery of a uranium mineralized zone below the known Arrow Deposit and at Camp East:
WASHINGTON (AP) — Months after her father was lured back to Rwanda under false pretenses and jailed, Carine Kanimba discovered her own phone had been hacked using private spyware. Kanimba is the youngest daughter of Paul Rusesabagina, who is credited with saving more than 1,200 lives during the 1994 Rwandan genocide in a story that inspired the movie “Hotel Rwanda.” An opponent of Rwandan President Paul Kagame, Rusesabagina is now serving a 25-year prison sentence on charges that he has dismisse
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CALGARY — Imperial Oil Ltd. CEO Brad Corson said Friday the federal government's strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa. "It is very aggressive and stretches the capability of what is technically and economically feasible," Corson said on a conference call with analysts. Earlier this month, Ottawa released a statement outlining ways it could potentially design the oil and gas emissions cap, which is part of its 2030 emissions reduction plan, and launched
MOSCOW (Reuters) -Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom's senior manager said on Friday, stepping up criticism of manufacturer Siemens Energy. The comments signalled a deepening of a row in which Russia has cited turbine problems as its reason for cutting gas supply via Nord Stream 1 - its main gas link to Europe - to just 20% of capacity from Wednesday. Vitaly Markelov, Gazprom's deputy chief executive, also said Russia had complained repeatedly to Siemens Energy about problems with other turbines.
L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's Chief Executive Officer Nicolas Hieronimus told Reuters on Thursday. The maker of Maybelline mascara and Lancome perfumes beat expectations with 13.4% sales growth in the second quarter, tapping into a strong rebound in makeup sales as socialising resumes.
OTTAWA (Reuters) -Canada on Thursday welcomed a deal reached by Democratic U.S. senators to back a bill that includes an expansion of tax credits for electric vehicles produced in North America that does not discriminate against those manufactured in Canada. A previous version of the bill presented by Democratic President Joe Biden's administration included tax credits that would have favored American-based manufacturers, sparking furious Canadian lobbying in Washington to get it changed. The bill had been blocked until late Wednesday, when Senate Majority Leader Chuck Schumer and fellow Democratic Senator Joe Manchin reached agreement on a revamped version that instead foresees tax credits for "North American" electric vehicles, or EVs.
ODESA, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy visited a Black Sea port Friday to watch crews prepare to export grain trapped by Russia’s five-month-old war, a week after a deal was struck to allow critical food supplies to flow to millions of impoverished people facing hunger worldwide. “The first vessel, the first ship is being loaded since the beginning of the war,” Zelenskyy, in his signature olive drab T-shirt, told reporters as he stood next to a Turkish-flagged ship at the