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Brazil brewer Ambev posts earnings beat on record Q2 volumes

By Gabriel Araujo SAO PAULO, July 28 (Reuters) - Brazilian brewer Ambev SA ABEV3.SA beat expectations on Thursday with a 4.6% rise in second-quarter net income, boosted by record sale volumes for the period and despite higher costs. Net income rose to 3.06 billion reais ($583.56 million), way ahead of a Refinitiv poll forecast of 2.11 billion. Analysts at XP Investimentos praised the results as strong, highlighting a "healthy" price increase - which they said should be cherished at a moment of h
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Wall Street Journal - June 17

June 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at "present or lower" levels, signaling its resolve to focus on supporting the economy's recovery from the COVID-19 pandemic.
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Little cheer for Russian beer lovers as sanctions bite

June 6 (Reuters) - "Sorry, that was the last bottle of Czech beer we had," said a waiter at a central Moscow restaurant, a month after Russia sent troops into Ukraine and the West imposed sweeping sanctions. More than 100 days into what Russia calls a special military operation in Ukraine, foreign alcohol is still available in Moscow pubs, but the once ample reserves are dwindling.
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Siemens to leave Russia due to Ukraine war, take hefty charge

* Siemens to leave Russia after 170 years * Russia makes up around 1% of total revenues * Shares fall after earnings miss * CEO condemns the war in Ukraine (Rewrites, adding share price, analyst) By John Revill ZURICH, May 12 (Reuters) - Siemens SIEGn.DE will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) hit to its business during the second quarter, with more costs to come.
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Renault to offload its stake in Lada maker for one rouble, Russia says

(Changes attribution to trade ministry, updates shares) April 27 (Reuters) - Renault RENA.PA will transfer its 68% stake in Russia's biggest carmaker Avtovaz to an auto research institute for one symbolic rouble, Russia said on Wednesday, the latest example of local institutions snapping up bargains as Western firms flee. The trade ministry also said Renault's factory in Moscow, which produces cars under the Renault and Nissan brands, would be passed to the city's government, in another sign of
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