19 Oct

Miner Vale to slow down iron ore production in Q4 due to low prices

Miner Vale To Slow Down Iron Ore Production In Q4 Due To Low Prices

. The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. /Adriano Machado/File Photo -Brazilian miner Vale SA (NYSE:VALE) said on Tuesday it was slowing down production of low-margin iron ore in the fourth quarter by about 4 million tonnes due to low prices, and could cut back output in 2022 if prices did not rise. Vale

19 Oct

America Movil Q3 net profit dips 16.4%, falling short of expectations

America Movil Q3 Net Profit Dips 16.4%, Falling Short Of Expectations

. The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. /Edgard Garrido/File PhotoBy Cassandra Garrison MEXICO CITY -Mexican telecommunications giant America Movil (NYSE:AMX) on Tuesday reported a 16.4% dip in third-quarter net profit compared with the same period a year e

19 Oct

U.S. Senate panel to hold new hearing on social media impact on young users

U.S. Senate Panel To Hold New Hearing On Social Media Impact On Young Users

. Young girls look at their phones as they sit on a hillside after sun set in El Paso, Texas, U.S., June 20, 2018. /Mike Blake/FilesBy David Shepardson WASHINGTON -The U.S. Senate will hold an Oct. 26 hearing with tech firms Snap (NYSE:SNAP)'s Snapchat, TikTok, and Alphabet (NASDAQ:GOOGL)'s YouTube about their platforms' impact on young users, a panel said on Tuesday. "Rece

19 Oct

Aeromexico posts third-quarter net loss of almost $109 million

Aeromexico Posts Third-quarter Net Loss Of Almost $109 Million

. Aeromexico airplanes are pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021. Picture taken July 14, 2021. /Luis Cortes/FilesMEXICO CITY Grupo Aeromexico, which operates Mexico's largest airline, reported on Tuesday a net loss of 2.24 billion pesos ($108.7 million) in the third quarter, versus a net loss of 2.88 billion pesos from

19 Oct

UBS's Weber centre stage as Santander-Orcel court battle resumes

UBS's Weber Centre Stage As Santander-Orcel Court Battle Resumes

. Axel Weber, Chairman of Swiss bank UBS addresses the company's annual shareholder meeting in Basel, Switzerland May 2, 2019. /Arnd Wiegmann/FilesBy Jesús Aguado and Emma Pinedo MADRID UBS Chairman Axel Weber is expected to take centre stage on Wednesday in a court battle that erupted after Spain's Santander (MC:SAN) withdrew a multimillion-euro offer to the Swiss lende

19 Oct

Activision Blizzard fired 20 employees following harassment claims

Activision Blizzard Fired 20 Employees Following Harassment Claims

. The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. /Mike Blake/Files -Videogame publisher Activision Blizzard Inc (NASDAQ:ATVI) said on Tuesday it had fired more than 20 employees following allegations of sexual harassment and discrimination at the workplace, with 20 more individuals facing other forms of disciplinary

19 Oct

U.S. surgeons successfully test pig kidney transplant in human patient

U.S. Surgeons Successfully Test Pig Kidney Transplant In Human Patient

2/2Reuters. The surgical team examines the pig kidney for any signs of hyperacute rejection, as the organ was implanted outside the body to allow for observation and tissue sampling during the 54-hour study period, at NYU Langone in New York, U.S., in this undated handout photo. Joe Carrotta for NYU Langone Health/Handout via .2/2By Nancy Lapid NEW YORK For the first time, a pi

19 Oct

Powerful blockchain lobby group urges Washington not to overregulate stablecoins

Powerful Blockchain Lobby Group Urges Washington Not To Overregulate Stablecoins

A high-profile blockchain lobby group is urging United States lawmakers to adopt a “technology-neutral” approach when it comes to stablecoin regulation, arguing that dollar-pegged cryptocurrencies do not pose a system risk to the financial system.In a 17-page letter addressed to the President’s Working Group on Financial Markets, which includes regulators from the Department of Treasury and

19 Oct

SEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF

SEC Chair Gary Gensler Responds To Concerns About First Bitcoin-linked ETF

. SEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday.Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts. CNBC commentator Bob Pisano shared concerns from some investors that BTC futures could deviate from the BTC spot price:Coin Te

19 Oct

United Airlines posts smaller loss, sees recovery from pandemic gaining traction

United Airlines Posts Smaller Loss, Sees Recovery From Pandemic Gaining Traction

. A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. /Chris Helgren/File PhotoBy Rajesh Kumar Singh CHICAGO -United Airlines Holdings on Tuesday reported a smaller quarterly loss than a year ago, but a resurgence in coronavirus cases slowed bookings and drove up

19 Oct

Celsius responds to NYAG crackdown on crypto lending platforms

Celsius Responds To NYAG Crackdown On Crypto Lending Platforms

Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office.In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease any and all such activity” around selling or offering cryptocurrencies. Rather, C

19 Oct

UPS, Disney meet White House officials to discuss vaccine mandate

UPS, Disney Meet White House Officials To Discuss Vaccine Mandate

2/2Reuters. A screen shows the logo and a ticker symbol for the Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. /Brendan McDermid2/2By Nandita Bose WASHINGTON Executives with United Parcel Service Inc (NYSE:UPS), Walt Disney (NYSE:DIS) Co and other companies met with White House officials on Tuesday to