DIRS.INFO The most relevant business & tech news

☆ Analysis: China's small steps on offshore use of yuan are starting to add up
▼ + stars: | 2023-04-27 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

SINGAPORE, April 27 (Reuters) - China's yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar. True global yuan adoption is unlikely, given expectations that Beijing will want to keep a tight grip on the currency. "Their cooperation could draw other countries to renminbi payments over time and cumulatively, this group could lift the renminbi at the expense of the dollar," he said. "This kind of renminbi internationalisation may achieve Beijing's goals, including reducing China’s exposure to exchange rate fluctuations and mitigating China’s vulnerabilities to U.S. financial sanctions." "Therefore, if exporters want to use yuan to settle trades, they must persuade foreign importers to pay in yuan, which often takes a long time."

☆ Indonesia's GoTo reports narrower Q1 loss, expects core profit in Q4
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

Like many other tech companies, GoTo has been reducing its spending and laying off staff this year to ride out the global economic uncertainty. Group CEO Andre Soelistyo said in a statement the company was halfway towards becoming adjusted EBITDA positive in the fourth quarter. "A lower cost base will provide us with additional flexibility to allocate capital for the acceleration of growth in the future," GoTo Group CFO Jacky Lo said. GoTo posted a net loss of 3.9 trillion rupiah in the first three months of 2023, versus a loss of 6.6 trillion rupiah a year earlier. GoTo shares closed up 4.21% at 99 rupiah per share on Thursday before the earnings announcement.

☆ Brazilian Judge Bans Telegram App Amid School Attacks Inquiry
▼ + stars: | 2023-04-26 | by ( André Spigariol | ) www.nytimes.com time to read: +1 min

BRASILIA — A judge in Brazil on Wednesday ordered that the messaging app Telegram be blocked throughout the country, as the authorities investigate neo-Nazi groups that they say have used the platform to incite school attacks. The Federal Police requested that the app be suspended because Telegram failed to comply with court orders demanding complete user data from two antisemitic group chats. Judge Wellington Lopes da Silva ordered the app shut down and imposed a fine of $200,000 per day against it for noncompliance with previous court decisions. He also ordered Google and Apple to remove the app from their stores in Brazil and mobile carriers to block access to it in the country. The court order against Telegram follows a series of aggressive moves by the Brazilian authorities to hold social media and messaging companies accountable for what users post on their platforms.

☆ Barcelona stunned by Rayo Vallecano in surprise 2-1 defeat
▼ + stars: | 2023-04-26 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

MADRID, April 26 (Reuters) - Barcelona wasted a golden opportunity to extend their lead at the top of LaLiga as they suffered a shock 2-1 defeat at Rayo Vallecano on Wednesday thanks to goals in each half from Alvaro Garcia and Fran Garcia. With seven games to play, Barca are top of the league on 76 points, 11 ahead second-placed Real Madrid, who were also stunned 4-2 at lowly Girona on Tuesday. Rayo Vallecano are ninth on 43 points, four adrift of the European qualification spots. Rayo halted Barca's seven game unbeaten streak in the league with a gutsy performance in front of their fans at a sold-out Estadio de Vallecas. Camello missed another great chance in the 64th minute and Unai Lopez also wasted another opportunity to extend Rayo's lead a little later.

[1/3] Supporters of Brazil's former President Jair Bolsonaro demonstrate against President Luiz Inacio Lula da Silva as security forces operate, outside Brazil’s National Congress in Brasilia, Brazil, January 8, 2023. REUTERS/Adriano MachadoBRASILIA, April 26 (Reuters) - Brazil's Congress on Wednesday prepared to open an inquiry into the Jan. 8 storming of key government buildings in the capital by violent demonstrators who denied the electoral victory of the recently inaugurated President Luiz Inacio Lula da Silva. The right-wing opposition has pushed for an inquiry as a way to blame his new government for security failures in Brasilia that day. Once the congressional inquiry is formally opened, there will be a fierce battle over the committee's composition. Reporting by Anthony Boadle and Ricardo Brito Editing by Brad Haynes and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil’s Lula pitches ‘peace coalition’ for Ukraine, but he treads a thin line
▼ + stars: | 2023-04-24 | by ( Julia Jones | ) edition.cnn.com time to read: +9 min

He says he aims to form a coalition of countries willing to intervene and lead efforts for peace in Ukraine, though in the process is finding himself treading a thin line with the world’s biggest powers. When he launched his political comeback in 2022, Lula told Time magazine that he thought both Russia and Ukraine were responsible for the conflict. Lula condemned Russia’s decision to invade its neighbor, but controversially claimed Ukrainian President Volodymyr Zelensky could have done more to avoid the conflict. Lula could not contemplate sending weapons – a step that would go far beyond Brazil’s traditional foreign policy, suggested the analyst. But he couldn’t do nothing, either – after all, Lula had promised to bring Brazil “back” to the world stage.

☆ NBA roundup: Warriors survive late gaffe, tie series with Kings
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +4 min

Mike Conley added 19 points, while Karl-Anthony Towns had 17 points and 11 rebounds before fouling out for the Wolves. Nikola Jokic had 43 points and 11 rebounds to pace the Nuggets. Josh Hart chipped in 19 points and seven rebounds for the Knicks, who outrebounded the Cavaliers 47-33. The Hawks were within five points with 3:36 to play, but the Celtics took control by scoring the next seven points. Dejounte Murray finished with 23 points, nine rebounds and six assists.

☆ Barcelona scrapes by Atlético Madrid 1-0 to remain in firm control of La Liga title race
▼ + stars: | 2023-04-23 | by ( Patrick Sung | ) edition.cnn.com time to read: +3 min

CNN —FC Barcelona scraped by Atlético Madrid 1-0 at the Camp Nou to extend its lead at the top of La Liga over eternal rival Real Madrid to 11 points. Ferrán Torres’ goal in the 44th minute made the difference, ensuring Atlético continued its 17-year winless drought – with 8 draws and 15 losses – at the Camp Nou. Antoine Griezmann was Atlético's main offensive threat, but he was thwarted by the crossbar and Marc-André ter Stegen twice. Just when Barça’s domination of possession in the first half seemed to be fruitless, the first goal materialized near the stroke of half-time. The win means Barcelona remains in firm control in the La Liga title race with eight matches remaining and an 11-point lead ahead of Real Madrid.

☆ P&G earns household-staple status
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

The $356 billion company said on Friday that sales grew 4% year-over-year to $20 billion in the three months ended March 31. That growth was led by a 10% price hike for the second consecutive quarter, while also growing market share in the United States. P&G warned of higher commodities and packaging costs, as well as wage inflation. P&G is proving that the cushy Charmin double roll is irreplaceable. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Portugal's government in hot water as TAP airline scandal deepens
▼ + stars: | 2023-04-21 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, April 21 (Reuters) - Portugal's government fired the chief executive of flag carrier TAP last month without a legal assessment of the move, Finance Minister Fernando Medina has acknowledged, deepening a high-profile scandal around the state-owned airline. His remarks in parliament late on Thursday contradicted claims by two fellow ministers a day earlier that the government had obtained a legal opinion backing the decision. This heightens chances of the state losing a potential lawsuit by the sacked executives worth millions of euros. After Ourmières-Widener called her sacking "illegal", the main opposition Social Democrats warned that unless the decision had proper legal backing, the state could lose an eventual court dispute. In a tweet, Liberal Initiative party leader Rui Rocha called the situation a "festival of incoherence and total disrespect for parliament".

SummarySummary Companies P&G beats sales estimates for 12th quarterHiked prices in U.S., Europe again in Jan-MarchShares up 2% premarketApril 21 (Reuters) - Procter & Gamble Co's (PG.N) customers continued to show little resistance to repeated price hikes, helping the Tide detergent maker boost its annual sales forecast and third-quarter margins. But shrinking consumer wallets in the face of high inflation have fanned concerns of how much longer rising prices will be tolerated before triggering a switch to cheaper, private-label brands. The fabric and home-care unit, P&G's biggest segment, saw sales volumes fall 5%, with average price rising to 13%. The company expects fiscal 2023 organic sales growth of about 6%, compared with its previous forecast for a 4% to 5% increase. P&G maintained its annual earnings forecast of flat to a 4% rise.

☆ NHL roundup: Panthers stun Bruins to even series
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: Winslow Townson-USA TODAY SportsApril 20 - Brandon Montour scored twice as a four-goal third period led the visiting Florida Panthers past the Boston Bruins 6-3 in Wednesday's Game 2 of their Eastern Conference opening-round playoff series. Montour is the first defenseman in Panthers history to record a multi-goal game in the postseason. Brad Marchand, Tyler Bertuzzi and Taylor Hall scored for Boston, which won the Presidents' Trophy with an NHL-record 135 points in the regular season. Stars 7, Wild 3Roope Hintz had three goals and an assist to help Dallas even its Western Conference first-round playoff series against visiting Minnesota in Game 2. He worked to the left circle and ripped a screened wrist shot just inside the far post for his first playoff goal.

☆ NBA roundup: Devin Booker, Suns even series with Clippers
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +3 min

[1/3] Apr 18, 2023; Phoenix, Arizona, USA; Phoenix Suns guard Devin Booker (1) against the Los Angeles Clippers in the second half during game two of the 2023 NBA playoffs at Footprint Center. Kevin Durant added 25 points, six rebounds and five assists as Phoenix rebounded from a Game 1 home loss. Kawhi Leonard registered 31 points, eight rebounds, seven assists and three steals and Russell Westbrook added 28 points for the Clippers. Mitchell, the seventh-leading scorer in the NBA this season at 28.3 points per game, had just 17 points Tuesday but collected a career-high 13 assists. Mobley had 13 points and 13 rebounds while Garland scored 32 points, including 26 in the first half.

☆ Mary Quant, designer who epitomized Swinging 60s, dies at 93
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: +6 min

Mary Quant, the visionary fashion designer whose colorful, sexy miniskirts epitomized Swinging London in the 1960s has died at 93. Mary Quant, the visionary fashion designer whose colorful, sexy miniskirts epitomized Swinging London in the 1960s and influenced youth culture around the world, has died. "She was the right person with the right sensibility in the right place at the right time. Quant was also credited with introducing hot pants and micro-minis to the fashion scene in the late 1960s. Quant stepped down from the day-to-day management of her firm, Mary Quant Ltd., in 2000 after it was purchased by a Japanese company, but kept working as a consultant.

☆ MLB roundup: Rays make it 12 straight wins to open season
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +10 min

In his third start of the season, Boston's Chris Sale (1-1) was hit hard, yielding six runs (five earned) on seven hits. Detroit left-hander Eduardo Rodriguez allowed one run, seven hits and one walk in six innings, striking out three. Cincinnati's Hunter Greene worked six innings and allowed three runs on seven hits to go along with a season-high 10 strikeouts. Marlins starter Edward Cabrera allowed seven hits and two runs with four strikeouts and one walk in five innings. Eovaldi (1-2) allowed six runs on 10 hits with no walks and seven strikeouts over five innings.

☆ Thabo Bester: South African convicted rapist and murderer accused of faking his own death is arrested abroad
▼ + stars: | 2023-04-12 | by ( Larry Madowo | ) edition.cnn.com time to read: +7 min

Thabo Bester was arrested Friday in the Tanzanian border town of Arusha, having apparently fled the country, according to a media briefing by the South African Justice Minister and Minister of Police. It’s a bizarre story that has embarrassed South Africa, exposed alleged loopholes in the management of a private prison and captivated the nation with every blockbuster revelation. The 35-year-old convicted murderer was arrested with his girlfriend Dr. Nandipha Magudumana and a Mozambican national named as Zakaria Alberto. South African police minister Bheki Cele told reporters that the trio had several passports each that had not been stamped and were just 10 kilometers from crossing into Kenya. A South African delegation of police and prisons officials are in Tanzania to arrange for their deportation.

☆ Milan lead Napoli after Bennacer goal
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Champions League - Quarter Finals - First Leg - AC Milan v Napoli - San Siro, Milan, Italy - April 12, 2023 AC Milan's Ismael Bennacer celebrates scoring their first goal with Davide Calabria REUTERS/Daniele MascoloMILAN, April 12 (Reuters) - AC Milan took a step towards their first Champions League semi-final appearance for 16 years as Ismael Bennacer's goal earned them a 1-0 win over Napoli in the quarter-final first leg at the San Siro on Wednesday. On a rainy night, Serie A leaders Napoli's first European clash with seven-times European champions Milan was also their first appearance in the quarter-finals of Europe's most prestigious club competition. Attempting to avenge their 4-0 home defeat by Milan in Serie A this month, Napoli began pressing immediately, but the hosts took the lead five minutes before the interval when Brahim Diaz teed up Bennacer who struck a low shot inside the far post. Napoli's situation worsened 16 minutes from time when midfielder Andre-Frank Zambo Anguissa received a second yellow card for pushing Theo Hernandez. The second leg of the quarter-final is in Napoli on April 18.

☆ Meta's WhatsApp rolls out business payment tool in Brazil
▼ + stars: | 2023-04-11 | by ( Andre Romani | ) www.reuters.com time to read: +2 min

SAO PAULO, April 11 (Reuters) - Meta Platforms (META.O) on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform in Brazil, part of Meta's strategy to use the Brazilian market as a key test space for business messaging. The development of business messaging has become all the more urgent as Meta's core advertising business has stalled. The tool will initially be available for some merchants that use WhatsApp Business. While Brazil is the first country to have the service launched for small businesses using the free version of WhatsApp Business, in India, WhatsApp's largest market, users can make payments to businesses that use the application's paid API. WhatsApp users in Brazil have been able to make payments between users through the app since 2021, and last year, Meta launched a commercial directory for WhatsApp in Brazil, allowing users find companies with business messaging accounts.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ RBC: Buy these 30 high-conviction stocks as they continue delivering market-beating returns in an up-and-down year
▼ + stars: | 2023-04-09 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

RBC's collection of 30 favorite global stocks handily outperformed US stocks in the first quarter. In the first quarter, that list of 30 stocks delivered an 11.9% total return, compared to a 7.7% return for the MSCI World Index and 7% for the S&P 500. The group also notes that since the end of 2020, the top 30 stocks have returned 37.8%, while the MSCI index has returned 24.5%. The following 30 stocks are ranked from lowest to highest based on how much RBC thinks they will deliver in returns over the next year. All of those implied upside figures were calculated based on the stocks' most recent closing prices.

☆ Portugal party Chega sets far-right world summit with Brazil's Bolsonaro, Italy's Salvini
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +1 min

LISBON, April 7 (Reuters) - Portuguese party Chega will hold a world summit in Lisbon with several far-right party leaders in May, including former Brazilian president Jair Bolsonaro and Italian deputy prime minister Matteo Salvini, the president of Chega said on Friday. In a video statement, the president of Chega, Andre Ventura, said Bolsonaro and Salvini "already accepted the invitation to the great right-wing world summit" on the 13th and 14th of May. In January 2022, Portugal's ruling Socialist Party gained an unexpected outright majority and the Social Democrats finished second, but Chega increased its support and became the third largest party in parliament. In March, Ventura told journalists he also planned to invite Marine Le Pen of France or Geert Wilders of the Netherlands, leaders of far-right parties in their countries. Reporting by Sergio Goncalves and Catarina Demony; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Walmart set to reopen the Virginia store where six employees were shot and killed five months ago. It will include a memorial in their honor.
▼ + stars: | 2023-04-04 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Walmart plans to reopen a store on April 19 after a mass shooting took place there in November 2022. The store will feature a memorial to honor the six workers who lost their lives in the shooting. "We are deeply touched by the community's compassion and support as we continue to heal from last year's tragedy," Alycia Mixon, the Walmart Chesapeake store manager, said in a press release. The reopened Walmart store in Chesapeake, Virginia, will feature a memorial to honor the six victims of the shooting. Are you a Walmart employee who works at the store in Chesapeake, Virginia?

☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

☆ NHL roundup: Carter Verhaeghe nets career-best 4 goals in Panthers' win
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +9 min

Sabers 6, Flyers 3Alex Tuch scored his second career hat trick to help Buffalo to a win against host Philadelphia. Morgan Frost scored twice and Felix Sandstrom made 23 saves for the Flyers, who had their seven-game point streak snapped. Avalanche 5, Stars 2Nathan MacKinnon had two goals, Mikko Rantanen had a goal and three assists, and host Colorado beat Dallas. Ben Hutton, Zach Whitecloud and Brett Howden also notched goals for Vegas, which is 5-1-1 in its past seven games. J.J. Moser and Milos Kelemen scored for the Coyotes (27-37-13, 67 points), who have dropped seven straight games (0-5-2).

Search resuls for: "Andre"

25 mentions found