Latest news with #statecontrolled
Bloomberg
a day ago
- Business
- Bloomberg
Banco do Brasil Reports Smallest Profit Since 2020 on New Rules
Banco do Brasil SA posted its smallest profit in almost five years and cut its dividend payout ratio after accounting changes forced the state-controlled lender to boost provisions for loan losses. The bank's adjusted earnings fell 60% year-over-year in the second quarter, according to a statement Thursday. It also lowered its dividend payout ratio to 30%, from a previous range of 40% to 45%, the first time it's cut that metric in five years.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
China Creates World's No. 1 Shipbuilder, Driven by Rivalry With U.S.
A $16 billion merger of two state-controlled shipbuilders in China is set for completion this week, creating the world's biggest shipbuilder while the U.S. searches for a path back into the business. American shipbuilders are playing catch-up after decades of maritime-industry decline, though President Trump's ambitious plans to revive American shipbuilding have hit snags recently. In the shorter term, Trump's threat to impose higher fees on ships made in China is giving South Korean and Japanese rivals an opening to win back market share.
Bloomberg
27-06-2025
- Business
- Bloomberg
Qatar Withdraws Interest for Rosneft's German Operations
Qatar withdrew its interest in the seized German operations of Russia's state-controlled oil company Rosneft PJSC, according to people familiar with the matter. The Qatar Investment Authority was the last party interested in the refining assets, leaving their future in limbo, said the people, who asked not to be identified as the discussions are private. That increases the pressure on the new German government to take a decision on the business, which is under a temporary trusteeship that has been extended several times.
