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Brazil’s Cosan posts $25 million Q2 net loss

Brazilian holding company Cosan SA (CSAN3.SA) on Friday reported a net loss in second quarter, as a higher interest rate raised its cost of debt. Cosan, who owns stakes in

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S&P 500, Nasdaq close up 4th straight week as optimism grows

Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P

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YouTube plans to launch streaming video service, WSJ reports

Alphabet Inc’s (GOOGL.O) YouTube is planning to launch an online store for streaming video services, the Wall Street Journal reported on Friday. The company has renewed talks with entertainment companies

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Ukraine in default according to Fitch and S&P

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed. Earlier this

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U.S. allows Delta to temporarily cut some New York, Washington flights

Delta Air Lines (DAL.N) can temporarily cut some flights at New York’s LaGuardia and John F. Kennedy airports and Ronald Reagan Washington National Airport, the U.S. Federal Aviation Administration (FAA)

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Brazil’s Eletrobras reports 45% drop in Q2 net profit

Brazilian power company Eletrobras (ELET6.SA) on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments. In the first earnings report since its privatization,

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Audi, Porsche, Kia say U.S. EV buyers will lose tax credit under legislation

Audi of America, Kia Corp (000270.KS) and Porsche said on Friday that buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President

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