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UPDATE 1-Brazil inflation in mid-November slips to second lowest in over 20 years

Brazilian inflation fell to the second lowest level in more than two decades, according to a mid-month measure of consumer prices released on Friday, a figure likely to give the central bank extra cover to reduce interest rates again next month. The annual rate of Brazil’s IPCA-15 consumer price inflation in the month to mid-November fell to 2.67% from 2.72% the month before, marking the lowest rate since September last year and the second lowest since March 1999. Both the annual and monthly rates of consumer price increases in mid-November were slightly below the median forecasts in a …read more […]

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Kalanick Sells $1.5 Billion of Uber in Weeks After Lockup

(Bloomberg) — Travis Kalanick’s November selling spree has almost reached $1.5 billion.The Uber Technologies Inc. co-founder sold about $578 million of stock over three days this week, extending a series of transactions since a lockup ended Nov. 6. More disposals may be coming, with a Nov. 11 filing signaling Kalanick could offload his entire stake.The 43-year-old’s holding in the ride-hailing company now constitutes far less than half of his $3.3 billion fortune. The shift started even before Uber’s May listing, with Kalanick participating in private transactions after he was ousted as chief executive officer in 2017.“While it is usual to …read more […]

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Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Sanofi’s executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker’s executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters. The decision marks the first important management change taken since Paul Hudson became chief executive of Sanofi on Sept. 1, as he prepares to give pointers about his vision for the company next month. Hudson and his teams are engaged in a strategic review and are expected to unveil the company’s priorities for the coming years at an investor day …read more […]