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03 Feb, 2023
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Skyy Moore on learning Chiefs offense: It’s starting to click
Race, income keeps many families from letting kids play sports
Brazil banks do not lose money with Pix, says central bank

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Category: Business

Brazil banks do not lose money with Pix, says central bank

August 25, 2022August 19, 2022 patacorg

Brazil’s central bank chief Roberto Campos Neto said on Thursday it is not true that banks lose money with the Pix instant payment system, launched by policymakers in late 2020. Speaking at an event hosted by Brazil’s banking lobby group Read more

Business

U.S. appeals court rejects GM racketeering suit against Fiat Chrysler

August 24, 2022August 19, 2022 patacorg

A U.S. appeals court on Thursday upheld a 2020 ruling that tossed out a racketeering lawsuit filed by General Motors Co (GM.N) against rival Fiat Chrysler Automobiles (FCA), now part of Stellantis NV (STLA.MI), and former executives. GM filed the Read more

Business

Nasdaq, S&P 500 retreat as rate hike fears cool stock rally

August 23, 2022August 19, 2022 patacorg

The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation. The S&P 500 (.SPX) Read more

Business

Brazil’s B3 profit falls, as trading volumes dim and costs rise

August 22, 2022August 19, 2022 patacorg

Brazilian stock exchange operator B3 SA Brasil Bolsa Balcao (B3SA3.SA) on Thursday reported an 8.5% decline in second-quarter net profit, as higher interest ratespulled more money out of equities, leading to falling trading volumes. B3’s net profit came in at Read more

Business

Refiner Citgo Petroleum posts record $1.28 bln profit

August 21, 2022August 19, 2022 patacorg

U.S. oil refiner Citgo Petroleum on Thursday reported second quarter earnings that surged to $1.28 billion, the highest quarterly profit in its history, on higher crude processing volumes and stronger margins. The results reflect a sharp turnaround after back-to-back annual Read more

Business

Credit Suisse steps up $440 mln legal dispute with SoftBank

August 20, 2022August 19, 2022 patacorg

Credit Suisse (CSGN.S) has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp (9984.T) in a $440 million dispute over Greensill-linked funds, two sources familiar with the matter said on Thursday. Switzerland’s second-largest Read more

Business

Argentina hikes interest rate again as inflation hits 20-year high

August 19, 2022 patacorg

Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid on spiraling inflation that rose to a 20-year high of 71%, according to new data. The central bank Read more

Business

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