LONDON/SINGAPORE/NEW YORK (Reuters) - Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil prices under further downward pressure. The lower refining margins for diesel, one of the world's key industrial and transport fuels, have already prompted some refiners in Asia to...

May 9 (Reuters) - Coach handbag maker Tapestry posted third-quarter revenue below Wall Street expectations on Thursday as demand for its handbags and accessories continued to falter in the face of high inflation. Tapestry's net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts' average estimate of $1.50 billion, according to LSEG data. The...

SAO PAULO (Reuters) - Brazilian power giant Eletrobras reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed investments in the transmission segment. WHY IT'S IMPORTANT Eletrobras is Latin America's largest utility and has been implementing new strategies after it was privatized in June 2022, when the...

05:13 AM EDT, 05/09/2024 (MT Newswires) -- Price: 6.80, Change: +0.06, Percent Change: +0.89 ...