Brazils Americanas Releases Delayed 9Month Results

SAO PAULO, Feb 26 Reuters Brazilian retailer Americanas on Monday released its results for the first nine months of 2023 after multiple delays, dubbing the year the most challenging of its history in light of a major accounting scandal. Americanas, a nearly centuryold company backed by the trio of billionaires who founded 3G Capital, filed for bankruptcy last […]
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Ant Group Outbids Citadel for Credit Suisses China Unit, Bloomberg

Reuters Fintech giant Ant Group has outbid billionaire Ken Griffin39;s Citadel Securities for Credit Suisse39;s investment bank venture in China, Bloomberg News reported on Sunday, adding it was unclear whether the Chinese company39;s offer would succeed. Alibaba Group affiliate Ant Group39;s bid to build a securities business in China using Credit Suisse39;s operations would face a thorough […]
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Top Global Energy Traders Face multiBillion Cash Quandary

Top 4 traders have 60 bln in equity after record profits Retained earnings soar even after record dividends Trading houses are borrowing less from banks Investment opportunities remain limited LONDON, Feb 26 Reuters As the world39;s top global energy trading houses prepare for their biggest annual industry gettogether this week in London they face a […]
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GM Returns to France with FullyElectric Cadillac Lyriq

PARIS, Feb 26 Reuters U.S. automaker General Motors on Monday unveiled its luxury electric Cadillac Lyriq in France, an expansion of its market in Europe after returning last year and a test of whether onlineonly sales will attract wealthy car buyers. In October GM announced it was launching sales in Switzerland, the first step in an allelectric […]
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SAICs MG Unveils MG3 Hybrid Model for European Market

GENEVA, Feb 26 Reuters MG Motors, a unit of China39;s SAIC on Monday unveiled its hybrid hatchback MG3 model for the European market, taking advantage of slowing growth demand for electric vehicles by offering a loweremission model without the need for charging. A pure hybrid combines a fossilfuel engine that charges a larger battery so the […]
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