MEXICO CITY (Reuters) – Mexico’s FEMSA posted a 28% fall in fourth-quarter net profit Friday to 4.82 billion pesos ($247 million) as the dollar-dominated bottler and retailer was hurt by appreciation of the peso. It posted a 23% rise in revenue to 186.47 billion Mexican pesos, topping the 178.10 billion forecast by analysts, Refinitiv Eikon …
Mexico’s FEMSA posts 28% profit fall hurt by peso strength Read More »
BRASILIA (Reuters) – Foreign direct investment in Brazil reached its highest level for January in five years, according to central bank data on Friday, continuing a trend of strong results since last year. FDI totaled $6.9 billion in January, best since 2018, when it reached $8.3 billion. However, this was slightly below the $7.1 billion …
Foreign direct investment in Brazil posts best January in 5 years Read More »
By Sriparna Roy and Khushi Mandowara (Reuters) -The U.S. Food and Drug Administration has approved Sanofi SA’s therapy to treat a type of inherited bleeding disorder known as hemophilia A and expects to launch it in the United States in April, the French drugmaker said on Thursday. Sanofi’s replacement therapy – Altuviiio – is entering …
U.S. FDA approves Sanofi’s bleeding disorder therapy Read More »
By Arshad Mohammed SAINT PAUL, Minn. (Reuters) – The United States plans to announce $250 million in aid on Friday to shore up Ukraine’s energy infrastructure in the face of Russian attacks and $300 million for Moldova, partly to help Chisinau wean itself from energy dependence on Russia. The aid, described in draft documents seen …
Exclusive-U.S. plans $550 million aid for Ukraine, Moldova energy security Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) – Vice President Kamala Harris is expected to offer a defense of the abortion drug mifepristone in a meeting on Friday, according to a White House official, as some activist groups work to end U.S. sales of the pill. Anti-abortion groups have brought cases against the U.S. Food and Drug …
U.S. VP Harris to defend abortion pill facing legal attack Read More »
By Joshua Schneyer, Kristina Cooke and Mica Rosenberg NEW YORK (Reuters) – South Korean automaker Hyundai Motor Co on Friday told shareholders that it would divest its controlling stake in a major Alabama auto parts plant where Reuters last year documented children as young as 12 were working. In a Feb. 24 letter to shareholders …
Exclusive-Hyundai to divest Alabama subsidiary following child labor revelations Read More »
By Steve Gorman LOS ANGELES (Reuters) – Harvey Weinstein, the onetime Hollywood titan who came to epitomize a culture of pervasive sexual misconduct by powerful men that ignited the #MeToo movement, was sentenced on Thursday to 16 years in prison for the 2013 rape of an actress in Los Angeles. The sentence, to run consecutively …
Ex-producer Harvey Weinstein sentenced to 16 years on L.A. rape conviction Read More »
By Brendan O’Brien CHICAGO (Reuters) -A monster U.S. winter storm pounded the Northern Plains and Upper Midwest on Thursday, killing a firefighter, knocking out power to more than 900,000 people and canceling or delaying thousands of flights. A broad swath of the northern United States from Washington state to New England remained under winter weather …
U.S. winter storm kills firefighter, knocks out power, grounds flights Read More »
By Andrew Goudsward WASHINGTON (Reuters) – A U.S. judge on Thursday ordered former President Donald Trump to be questioned in a pair of lawsuits against the Justice Department and FBI by two former agency officials who allege they were the targets of an improper political pressure campaign by his White House. U.S. District Judge Amy …
U.S. judge orders Trump deposed in lawsuits by former FBI officials Read More »
(Reuters) – Seven people, including a 2-year-old child and four teenagers, were shot and wounded at a Philadelphia street corner, the city’s police chief said on Thursday. The 2-year-old’s mother was among the victims, Philadelphia Police Chief Danielle Outlaw told a news conference. The most seriously wounded victim was a teen listed in critical condition, …
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