EXCLUSIVE India makes record U.S. soyoil purchases as drought parches South America
Indian traders have contracted to import a record 100,000 tonnes of soyoil from the United States because of limited supplies from drought-hit South America, at a time when prices of rival palm oil are scaling record highs, three dealers told Reuters.
Bunge quarterly profit rises 17% on agribusiness boost
Global farm commodities trader Bunge Ltd (BG.N) reported a 17.1% rise in fourth-quarter adjusted profit on Wednesday as large oilseed crops in North America and Europe and strong demand for processed meal and oil bolstered its core agribusiness.
Santander lifts profits as it releases pandemic provisions
Spain’s Santander (SAN.MC) released 750 million euros ($846 million) in pandemic-related provisions in the fourth quarter, betting on an economic recovery in its main markets and helping boost net profit eight-fold compared to a year earlier.
“We do not do charity – instead we provide communities with the tools and skill” – Kehkashan Basu the founder of The Green Hope Foundation!
In this age of advancement in all major industries, the game of sustainability has become faint somewhere among the crowd. A lot of attention is required to achieve a chaotic-free environment with a healthy environment, fresh air, clean air, economic stability, and an overall sustainable environment. With their one-of-a-kind means of disseminating the news to […]
Oracle working to double client numbers in Latin America
Enterprise software maker Oracle Corp (ORCL.N) will look to double its clients in Latin America and increase profits in 2022, a company executive told Reuters, adding that hitting these goals will depend on cultivating the right talent.
Telecom Italia issues third profit warning in a year
Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.
Australian iron ore baron bets big on global green revolution
Australian iron ore magnate Andrew Forrest wants to turn his company, Fortescue Metals Group Ltd (FMG.AX), into the world’s biggest green energy group, but critics say his targets are a stretch even for a man who built the world’s fourth-largest iron ore producer from scratch in just over a decade.
Biden imposes new international travel vaccine rules, lifts existing restrictions
U.S. President Joe Biden on Monday signed an order imposing new vaccine requirements for most foreign national air travelers and lifting severe travel restrictions on China, India and much of Europe effective Nov. 8, the White House said.
Santander profit beats forecasts on strong UK, U.S. performance
Spain’s Santander (SAN.MC) beat forecasts with a 35% jump in second-quarter underlying profit on the back of lower loan loss provisions, strong U.S. consumer business and a rise in mortgage lending in the UK market.
EXCLUSIVE 3G founders launch investment partnership with former Third Point co-CIO Islam
Three Brazilian billionaires who cofounded investment firm 3G Capital are backing a veteran U.S. investor who played a key role in hedge fund Third Point’s activist campaigns, to make big, long-term bets on companies, three people familiar with the plans said.
