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.
Visa beats profit estimates on travel, online spending boom
Visa Inc’s (V.N) quarterly profit topped Wall Street expectations on Tuesday, as a recovery in travel and an improving global economic picture drove volume growth at the world’s largest payment processor.
Canadian Pacific clinches $27-bln Kansas City Southern deal as rival bows out
Canadian Pacific Railway Ltd (CP.TO) inked a $27.2 billion cash-and-stock deal to buy Kansas City Southern (KSU.N) on Wednesday after Canadian National Railway Co (CNR.TO) conceded it could not save its own $29.6-billion deal for the U.S. railway.
Oil steadies near $71 after two-day rally
Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage.
GM workers’ historic vote in Mexico tests new trade deal
General Motors (GM.N) employee Mari says that for the past decade, she has felt powerless to demand higher pay at the plant in central Mexico that cranks out hundreds of thousands of profitable pickup trucks annually.
U.S. Gulf of Mexico oil producers consolidation accelerates
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry’s future.
Analysis: Debt in a warm climate: coronavirus and carbon set scene for default
Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously close to runaway warming.
Analysis: China’s RRReminder that economies remain fragile
China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely to need the occasional pick-me-up while the coronavirus pandemic lasts.
U.S. industry groups, lawmakers press White House to lift travel restrictions
A coalition of 24 industry organizations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official told Reuters late on Wednesday reopening will need more discussion.
Fed pivot, inflation boost emerging market interest rate hikes in June
Emerging markets saw more interest rate hikes in June as a hawkish pivot from the U.S. Federal Reserve amplified inflationary pressures in a number of developing economies.
