On Friday, Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), lost -1.66% to $6.51, after Federal Reserve Chairwoman Janet Yellen’s argument on Thursday for raising interest rates this year exacerbated concern about Brazil’s struggling economy.
Higher U.S. interest rates would negatively impact Brazil by further incentivizing investors who had once gone to Brazil for its relatively higher yields to pull money from the country, according to The Wall Street Journal.
Also weighing on Brazilian-based U.S. traded stocks, the Brazilian real fell to an all-time intraday low of 4.24 per dollar yesterday before Alexandre Tombini, the head of the central bank, declared that the country could use some of its $371 billion reserves to prop up the economy, The Journal reports.
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 Halliburton Company (NYSE:HAL), declined -0.81% to $36.70, during its last trading session.
Halliburton Company and Baker Hughes Incorporated (BHI) declared that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. Following the Merger Agreement, and in order to permit completion of Halliburton’s acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton’s expandable liner hangers business, which is part of the company’s Completion & Production Division; Baker Hughes’ core completions business, which comprises: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, counting two pressure pumping vessels; and Baker Hughes’ offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom.
The divestitures process for the formerly declared divestitures of Halliburton’s Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling (LWD)/Measurement-While-Drilling (MWD) businesses is ongoing, and Halliburton is happy that last Friday it received proposals from multiple interested parties for each business.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry.
Shares of Bank of New York Mellon Corp (NYSE:BK), inclined 2.80% to $39.60, during its last trading session.
Gerald L. Hassell, chairman and chief executive officer, and Thomas P. Gibbons, vice chairman and chief financial officer, together with other members of the executive administration team from BNY Mellon, will host a conference call and simultaneous live audio webcast at 8 a.m. EDT on Tuesday, October 20, 2015, following the release of BNY Mellon’s third-quarter 2015 financial results at about 6:30 a.m. EDT that day.
The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses, Investment Management and Investment Services, it serves institutions, corporations and high net worth individuals.
Finally, T-Mobile US Inc (NYSE:TMUS), ended its last trade with 0.45% gain, and closed at $42.71.
T-Braxton Carter, Executive Vice President and Chief Financial Officer of T-Mobile US, Inc. (TMUS), will speak at 11:40 a.m. Eastern Daylight Time on Wednesday, September 30th at the Deutsche Bank 23rd Annual Leveraged Finance Conference in Scottsdale, AZ.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, in addition to accessories, which are manufactured by various suppliers.
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.
