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McConnell says Republicans' infrastructure proposal not final offer -CNBC


By Reuters Staff
1 Min Read
FILE PHOTO: U.S. Senate Minority Leader Mitch McConnell (R-KY) speaks during a news conference with fellow Republican senators on Capitol Hill in Washington, U.S., May 25, 2021. REUTERS/ERIN SCOTT
WASHINGTON (Reuters) - U.S. Senate Republican Leader Mitch McConnell on Thursday said Republicans’ counter offer to President Joe Biden’s infrastructure plan was not a final offer and that his caucus was open to continued talks on a possible bipartisan deal.
McConnell, speaking in an interview on CNBC, said Republicans were open to more spending on infrastructure but that the money should come from funds already allotted to states and localities under earlier COVID-19 relief bills. ....

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Eurostar strikes deal with lenders to refinance debt - The Telegraph


By Reuters Staff
1 Min Read
April 17 (Reuters) - Channel tunnel operator Eurostar has struck a deal with its lenders to refinance hundreds of millions of pounds of debts, the Telegraph newspaper reported on Saturday, paving the way for talks to restart about financial support from British taxpayers.
A group of banks, including state-backed NatWest, have agreed to refinance 400 million pounds ($553 million) of loans that were due to be repaid this summer, according to the paper. ($1 = 0.7230 pounds) (Reporting by Kanishka Singh in Bengaluru; Editing by Kevin Liffey) ....

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Brazil's Cosan issues $113 million in new shares as part of restructure


By Reuters Staff
2 Min Read
FILE PHOTO: The company logo for Cosan is displayed on a screen on the floor of Brazil s B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. Picture taken July 25, 2019. REUTERS/Amanda Perobelli
RIO DE JANEIRO (Reuters) - Brazilian sugar and ethanol producer Cosan SA will issue roughly 638 million reais ($113 million) of new share capital to fully incorporate shareholders of subsidiary Cosan Logistica SA, the company said on Tuesday.
In December, Cosan said it planned to undergo a reorganization and list American Depository Shares, or ADSs, for the first time.
Under the restructuring, Cosan Limited, or CZZ, thecompany’s financial arm, as well as logistics branch CosanLogistica, itself a CZZ subsidiary, are to be fullyincorporated into Cosan. ....

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Union Pacific quarterly profit beats on higher shipment volumes


2 Min Read
(Reuters) - Union Pacific Corp, one of the largest U.S. freight railroad operators, on Thursday reported better-than-expected quarterly profit, bolstered by higher shipping volumes of grain, refrigerated food and drinks, and retail goods.
FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren
Still, shares in the company fell 4.3% to $208.85 in midday trading on concern that the pace of volume growth and efficiency gains could moderate as a slow vaccine rollout threatens an economy battered by the COVID-19 pandemic.
“All of that all raises some questions,” Edward Jones analyst Jeff Windau said. ....

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