Notizia

SAO PAULO (Reuters) -Brazilian miner Vale, one of the world's largest producers of iron ore, reported on Wednesday its first-quarter net profit fell 19.6% to a stronger than expected $4.45 billion.

(Reuters) -PayPal Holdings Inc shares traded higher Wednesday even after the company lowered its full-year profit outlook, signaling that payments volumes at the company could take a hit from surging inflation and the conflict in Ukraine.

Brazilian miner Vale, one of the world's largest producers of iron ore, reported on Wednesday first-quarter net profit of $4.48 billion, above the mean Refinitiv analyst forecast of $4.2 billion.

(Reuters) -CoverGirl owner Coty Inc said on Wednesday it would exit its Russia operations, becoming the latest U.S. company to pull out of the country following Moscow's invasion of Ukraine.

(Reuters) -Tesla Inc Chief Executive Officer Elon Musk did not breach his fiduciary duty to the electric vehicle maker in 2016 when it acquired SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday.

Tesla Inc Chief Executive Officer Elon Musk did not breach his fiduciary duty to the electric vehicle maker for pushing the company in 2016 to buy SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday.

Coty Inc said on Wednesday it was winding down its Russia operations after Moscow's attack on Ukraine.

PayPal Holdings Inc lowered its full-year profit view on Wednesday, signaling that payments volumes at the company could take a hit from surging inflation and the conflict in Ukraine.

BRUSSELS (Reuters) -The European Commission proposed on Wednesday a one-year suspension of import duties on all Ukrainian goods not covered by an existing free trade deal to help the country's economy during the war with Russia.