logo
Milei Wins Second Upgrade by Moody's on Easing Currency Controls

Milei Wins Second Upgrade by Moody's on Easing Currency Controls

Bloomberg17-07-2025
Argentina's credit rating was upgraded by Moody's Ratings for a second time this year, with the agency citing the easing of currency controls and support from the International Monetary Fund.
Moody's raised the country's credit score by two notches, to Caa1 from Caa3, on par with Egypt and Suriname, according to a statement on Thursday. The nation's outlook was changed to stable from positive.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Vinci Compass in talks to buy Brazilian asset manager Verde
Vinci Compass in talks to buy Brazilian asset manager Verde

Yahoo

time18 minutes ago

  • Yahoo

Vinci Compass in talks to buy Brazilian asset manager Verde

By Andre Romani SAO PAULO (Reuters) -Vinci Compass is in talks to buy Verde Asset Management, one of Latin America's most established hedge funds, Verde told Reuters on Monday, confirming earlier news reports. The move, set to be carried out through a share swap, would put Vinci, a Nasdaq-listed firm focused on alternative investments such as private equity, and Verde under the same roof. News outlet Brazil Journal first reported the potential deal, citing sources. The two firms combined manage nearly $58 billion in assets, according to data on their websites. The two Brazilian asset managers reached an initial agreement for a joint venture that would give Vinci control of Verde after five years, Verde confirmed. Verde's management would remain autonomous during that period, and Verde co-founder Luis Stuhlberger is set to remain as partner, it added. Vinci did not immediately respond to a request for comment sent outside normal business hours.

Netflix And Disney Quietly Use $545M-Backed Runway For AI Video — And It's Raising Big Questions In Hollywood
Netflix And Disney Quietly Use $545M-Backed Runway For AI Video — And It's Raising Big Questions In Hollywood

Yahoo

time2 hours ago

  • Yahoo

Netflix And Disney Quietly Use $545M-Backed Runway For AI Video — And It's Raising Big Questions In Hollywood

Netflix (NASDAQ:NFLX) has begun using generative AI video tools from startup Runway AI to accelerate production and reduce visual effects costs in original content, Bloomberg reports. According to Bloomberg, the New York-based startup has raised $545 million in funding and was most recently valued at over $3 billion. Runway's AI Video Tech Draws Netflix, Lionsgate, AMC, and Disney Into Its Orbit Netflix co-CEO Ted Sarandos confirmed that AI is now integrated into its content production workflow, helping to generate special effects more efficiently than traditional methods allow. On an earnings call on July 17, Sarandos cited speed and cost benefits of producing visual effects, including scenes in "El Eternaut," a new Argentinian drama on the platform. Don't Miss: Be part of the breakthrough that could replace plastic as we know it— $100k+ in investable assets? – no cost, no obligation. While Runway's tools were not used for the 'El Eternaut' scenes, Bloomberg says that sources close to the matter confirmed Netflix is actively experimenting with the startup's software for ongoing projects. The growing interest in Runway's generative video technology isn't limited to Netflix, Bloomberg says. Lionsgate (NYSE:LION) has inked a deal with the company to train an AI model using its library of proprietary content for future film applications. Bloomberg reports that Disney (NYSE:DIS) has tested Runway's AI tools and held exploratory talks with the startup, although it has not committed to full-scale adoption, according to statements from Disney spokespeople. AMC Networks (NASDAQ:AMCX) is also collaborating with Runway AI to visualize upcoming shows and create marketing assets before filming begins, according to Runway AI. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— "As we explore the transformative potential of AI across our business, we see powerful opportunities to enhance both how we market and how we create," Stephanie Mitchko, executive vice president of global media operations and technology at AMC Networks, said in a statement. AI VFX Tools Like Runway's Gen-4 and Act-Two Are Reshaping Studio Workflows Runway's latest release, an AI motion capture model named Act-Two, works with its Gen-4 system to map human movements onto animated characters with unprecedented precision and affordability. According to Bloomberg, traditional motion capture workflows can be costly and time-intensive, while Runway's tools offer near-instant results. The startup first gained traction in 2023 after launching a model capable of turning text prompts into short video clips, spurring widespread interest in the intersection of AI and filmmaking, Bloomberg says. Runway's generative video tools are already being deployed across multiple entertainment formats. According to Bloomberg, the software was used to generate scenes in Amazon's (NASDAQ:AMZN) hit series 'House of David' and to create visuals for Madonna's concert tour and a commercial for also confirmed it struck a deal with Runway to train a proprietary AI model on the studio's intellectual property to reduce production costs and accelerate content development, Bloomberg reports. "The goal is you're making higher quality content for lower prices," Lionsgate Vice Chairman Michael Burns said at Runway's AI Film Festival in Santa Monica, California, in June. Generative AI Startups Face Competition, But Runway Leads Hollywood's Adoption Curve Runway is competing with giants like OpenAI and Google in the generative video space, but has more traction than most AI startups in Hollywood's production pipeline. According to Bloomberg, OpenAI's Sora product has yet to secure a formal partnership, despite months of talks with major studios including Disney. Runway's early traction highlights how AI is increasingly reshaping production strategies across the entertainment industry. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Netflix And Disney Quietly Use $545M-Backed Runway For AI Video — And It's Raising Big Questions In Hollywood originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

2Q25 Results: Telefonica Brasil S.A.
2Q25 Results: Telefonica Brasil S.A.

Associated Press

time2 hours ago

  • Associated Press

2Q25 Results: Telefonica Brasil S.A.

Sao Paulo, Brazil--(Newsfile Corp. - July 28, 2025) - Telefônica Brasil (B3: VIVT3) (NYSE: VIV) announces its results for 2Q25. Strong operating performance led to robust Revenue, EBITDA and Net Income growth. 1 - Other Revenues include Fixed Voice, xDSL, FTTC and IPTV. 2 - AL means After Leases. 3 - Net Income attributable to Telefônica Brasil. 4 - Earnings per Share (EPS) calculated based on net income attributable to Telefônica Brasil divided by the weighted average of outstanding shares in the period. EPS for 2024 was calculated considering the effects of the Split and Reverse Stock Split effective on April 15, 2025. 5 - Does not include amounts related to IFRS 16 effects. 6 - Operating Cash Flow is equivalent to EBITDA less Capex ex-IFRS 16. 7 - AL Operating Cash Flow is equivalent to EBITDA After Leases less Capex ex-IFRS 16. Net revenue expanded by +7.1% YoY, driven by a strong performance on postpaid (+10.6% YoY) and fiber (+10.4% YoY) revenues. Postpaid's performance is supported by the increase in the customer base (+7.0% YoY), that ended the quarter with 68.5 million accesses due to significant migrations and the acquisition of new customers. Additionally, the impact of annual price adjustments contributed to the +5.1% YoY increase in mobile ARPU, that reached the highest value in the Company's history, R$31.1. Fixed revenue increased +8.0% YoY, supported by strong growth in FTTH (+10.4% YoY) and Corporate Data, ICT, and Digital Services revenues (+20.7% YoY) in 2Q25. Our FTTH network reached 30.1 million homes passed (+10.2% YoY), with 7.4 million homes connected (+12.6% YoY). EBITDA grew by +8.8% YoY, with a margin of 40.5%, an increase of +0.6 p.p. in the annual comparison. EBITDA AL expanded by +9.3% YoY, with a margin of 31.5% (+0.6 p.p. YoY). In 2Q25, Capex totaled R$2,439 million, an increase of +4.2% YoY, representing 16.7% of revenues (-0.5 p.p. YoY), reflecting the reduction in Capex intensity over net revenue. Investments were mainly directed to the strengthening of our 5G network, which is already present in 596 cities (+2.6x YoY), covering 64% of the Brazilian population, and expanding our fiber operation, with consistent growth in homes passed (+10.2% YoY). Operating Cash Flow totaled R$3,494 million (+12.2% YoY), with a margin of 23.9% (+1.1 p.p. YoY) over net revenue. Net income attributed to Telefônica Brasil reached R$1,344 million in the quarter, an increase of +10.0% YoY. The remuneration paid to shareholders totaled R$5,233 million by the end of July 2025. Recently, on July 15, 2025, we paid R$2,000 million related to the second capital reduction event. The Company has just deliberated an additional R$330 million in interest on equity, totaling R$1.7 billion to be paid until April 30, 2026. We committed to distribute to our shareholders an amount equal to or greater than 100% of net income for each fiscal year from 2024 to 2026. As a reminder, in 2024, we met the guidance, with a payout of 105.3%. TELEFÔNICA BRASIL - Investor Relations [email protected] To download the complete version of the Company's earnings release, please visit our website: To view the source version of this press release, please visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store