This doesn't mean Coupang isn't worth your attention; there are some excellent aspects of the business that could still translate to long-term returns for shareholders. Coupang has focused on maximizing the e-commerce customer experience since its founding in 2010. Based in South Korea, it has more than 100 fulfillment centers, placing 70% of the South Korean population within seven miles of a logistics center. Read More...
Reuters
Brazil’s Petrobras to pay out $8.5 billion dividend amid squabble
SAO PAULO (Reuters) -Brazilian state-run oil company Petrobras will distribute dividends of around 43.68 billion reais ($8.5 billion) on its third quarter results, the firm said on Thursday, amid controversy over its massive payouts. Petroleo Brasileiro SA, as it is formally known, has been a cash cow for its investors in recent quarters, including the Brazilian government, which owns a controlling stake in the company. For a second consecutive quarter, the firm will pay out to its shareholders at least double the amount distributed by each of the five biggest Western oil producers – Exxon Mobil Corp, Chevron Corp., Shell PLC, TotalEnergies and BP.
