Brazil's government debt as a share of gross domestic product fell in June to 84.0% from 84.6% in May - the lowest in a year - and the public sector posted a primary deficit of 65.5 billion reais, the central bank said on Friday.
-Chevron Corp (CVX) on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels. The company cut its annual capital spending forecast to about $13 billion, now below what it had spent last year.
The White House has told U.S. automakers it wants them to back a voluntary pledge of at least 40% of new vehicles sales being electric by 2030 as it works to reduce greenhouse gas pollution, sources briefed on the matter said. The administration is set as early as next week to roll out proposed revisions to vehicle emissions standards through 2026.
The White House has told U.S. automakers it wants them to back a voluntary pledge of at least 40% of new vehicles sales being electric by 2030 as it works to reduce greenhouse gas pollution, sources briefed on the matter said. The administration is set as early as next week to roll out proposed revisions to vehicle emissions standards through 2026.
The White House has told U.S. automakers it wants them to back a voluntary target of at least 40% of new vehicles sales as electric by 2030 as it works to reduce greenhouse gas pollution, sources briefed on the matter said.
German services sector trade union Verdi called for strong pay increases after official data published on Thursday showed inflation accelerated by more than expected to hit a 13-year-high in July. "We need strong wage increases for employees precisely because of rising prices," Verdi deputy chair Andrea Kocsis told Reuters.
Brazilian service sector confidence has surged to its highest in seven years, according to a survey on Thursday, as the nationwide COVID-19 vaccination program and easing of lockdown restrictions fueled widespread optimism for the coming months.
-Singapore Airlines Ltd on Thursday posted a S$409 million first-quarter loss, narrower than a year earlier, helped by a strong air cargo market and no major impairments. The airline forecast passenger capacity to reach 33% of pre-pandemic levels in the second quarter, and said it would serve at least 50% of locations it did before by the end of September.
German sportswear company Puma said on Thursday it remained concerned about the strain the coronavirus pandemic is putting on its supply chain, but reiterated the mid-term outlook for the sector and company remained positive.
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