Brazil Usiminas Reports 2nd-Quarter Net Loss, Largely On Forex
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM3.BR, USIM5.BR, USNZY), or Usiminas, reported a second-quarter net loss of 87 million Brazilian reais ($42.87 million), reversing its year-earlier gain of BRL157 million, largely due to currency factors.
Andalusia Won't Request State Aid From Madrid
The Spanish region of Andalusia isn't planning to request state aid from the central government as it expects to meet its 2012 deficit target of 1.5% of its gross domestic product, Cinco Dias reported in its Tuesday Internet edition.
Singapore GIC Cuts Exposure to Bonds, Equities
The Government of Singapore Investment Corp. has reduced its exposure in developed markets and cut its holdings in equities and bonds, as global uncertainties continue to weigh on the sovereign-wealth fund's investment strategy.
Humana Reports Weaker Profit, Cuts Guidance
Humana Inc. (HUM) reported weaker second-quarter earnings, pressured by a recent legal settlement, while cutting its full-year forecast because of high costs for both new and existing customers on Medicare plans.