Global stocks mostly gain with earnings in focus; sterling slips
Global stock indexes were flat to higher on Friday as upbeat earnings offset weaker-than-expected results, while the British pound extended losses from the previous day amid fresh uncertainty around Britain’s exit from the European Union.
Brazil’s Vale CEO says not yet time to resume dividends
Vale SA’s chief executive officer said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.
Brazilian beverage distributors file antitrust complaint against Ambev
Beverage distributors working for Brazilian brewer Ambev SA have filed a complaint against the company at the local antitrust regulator Cade, accusing it of anticompetitive practices.
Goldman Sachs will drop Fisher Investments unit from fund
Goldman Sachs Group Inc became the latest institution to drop Fisher Investments as a money manager after allegations that firm founder Ken Fisher made sexist comments at a conference, a regulatory filing showed on Friday.
Take Five: Brextension, Brelection, Bremain
Oct 31 was when Britain was to exit the European Union, with Prime Minister Boris Johnson saying he would rather be “dead in a ditch” than delay Brexit again. But with the UK parliament failing to play along, he’s been forced to ask for an extension an…
U.S. FAA revokes certification of Xtra Aerospace after Lion Air crash
The U.S. Federal Aviation Administration (FAA) on Friday revoked the repair certification of Florida-based Xtra Aerospace LLC, which fixed a sensor suspected of contributing to the catastrophic crash of a Lion Air 737 MAX a year ago.
Estonian minister blamed for slow reform after Danske scandal
Estonia’s far-right finance minister has been criticized by lawmakers for holding up financial reforms promised after the Baltic state became the focus of Europe’s biggest money laundering scandal.
AB InBev loses $13 billion in value as beer drinking slows in Brazil and South Korea
Anheuser-Busch InBev saw more than $13 billion wiped off its market value on Friday, after a profit warning and weaker-than-expected third-quarter earnings growth sparked by reduced demand for its beer in Brazil and South Korea.
Amazon’s AWS unit gets OK to build $800 million data facility in Argentina
Argentina has given the go-ahead to Amazon.com Inc’s Web Services division AWS to build an $800-million data facility in Buenos Aires, which would mark a massive investment for the company in South America, according to a provincial bulletin dated Oct….
Mexico sees U.S. Congress starting formal USMCA trade deal approval soon
Mexico’s Deputy Foreign Minister for North America, Jesus Seade, said on Friday he believes U.S. lawmakers will soon begin the process of approving the new United States-Mexico-Canada (USMCA) trade deal now that President Andres Manuel Lopez Obrador ha…
