Brazilian cosmetics maker
Natura & Co Holding SA has seen some recovery at its
Asian and European operations as stores begin to gradually
reopen after coronavirus-related lockdowns, executives said on
Friday, adding the pandemic is likely to hit its Latin American
operations harder going forward.
Executive Markus Braun apologised to shareholders on Friday as
the company announced a reshuffle of its management board and
appointed a new compliance officer, days after the hedge fund
TCI demanded Braun's removal.
Bitcoin is about to undergo a
scheduled technical adjustment as the number of new coins
awarded the computer wizards who "mine" the cryptocurrency will
be cut in half, but forecasting which way its price will move
afterward is more complicated now.
The European Commission on
Friday adopted rules allowing EU governments to help virus-hit
companies by acquiring stakes in the firms, which will be
subjected to a ban on dividends, share buybacks, bonuses and
Shares of China's Kingsoft Cloud Holdings
Ltd jumped over 25% on its U.S. market debut, indicating
strong investor interest at a time when capital markets globally
have been roiled by an economic crisis from the COVID-19