On Tuesday, Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), gained 0.40% to $6.34, after Brazil’s central bank intervened in an attempt to prop up the real.
Earlier Tuesday, Brazil’s central bank sold 20,000 foreign-exchange swap contracts worth $987.6 million and offered $2 billion in credit lines, which caused the real’s volatility to spike to a four-year high of 28.25%, Bloomberg reports.
The real, which has declined by 7.1% since the S&P downgraded Brazil’s credit rating to junk earlier this month, fell as much as 1% before rallying by 0.7% to 4.0789 per dollar at 1:24 p.m. in Sao Paulo, according to Bloomberg.
Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil.
Shares of Huntsman Corporation (NYSE:HUN), declined -6.00% to $9.32, during its last trading session.
Huntsman Corporation identified certain trends which are predictable to impact its third quarter earnings.
- Lower titanium dioxide selling prices, particularly in North America
- Continued year-on-year foreign currency headwind
- Soft demand in the Asia Pacific region
- Lower MTBE margins as a result of lower oil prices
- Lower MDI urethane component product margins in the Asia Pacific region
- Delayed lower raw material benefits
- Paid down $198 million of debt in September, predictable annual savings more than $15 million
Huntsman Corporation (Huntsman) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company is also engaged in performance additives and titanium dioxide business. The Company also offers titanium dioxide, a white pigment derived from titanium bearing ores; functional additives made from barium and zinc-based inorganics; color pigments made from synthetic iron-oxide and other inorganic pigments; timber treatment wood protection chemicals; water treatment products, and specialty automotive molded components.
Shares of GoPro Inc (NASDAQ:GPRO), inclined 0.64% to $29.86, during its last trading session.
GoPro declared it’s bringing the GoPro Channel to Watchable, Comcast’s new, cross-platform video service that curates a selection of the world’s best content in an easy-to-use experience. GoPro’s first Multichannel Video Programming Distributor (MVPD) agreement will deliver immersive, high-definition GoPro content to users on iOS, Watchable.com, and X1.
The GoPro Channel on Watchable will feature hundreds of curated library videos, plus current content that will be refreshed regularly for Watchable users to consume. The Watchable website and mobile apps will complement a curated collection of videos that will be made available to Comcast’s video customers who have its X1 Internet-connected set top box.
GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO.
Finally, Mattel, Inc. (NASDAQ:MAT), ended its last trade with -2.68% loss, and closed at $21.03.
Mattel declared that it plans to release its third quarter 2015 financial results on Thursday, October 15, 2015 at about 4:05 p.m. Eastern time. Following this, the company will host a conference call and webcast at 5:00 p.m. Eastern time.
MATTEL, INC. designs, manufactures, and markets a variety of toy products around the world, which are sold to its customers and directly to consumers. The Company operates through three segments: North America, which consists of the United States and Canada, International, and American Girl.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
