Aug 9 Canadian auto parts maker Magna International Inc reported a 19 percent rise in second-quarter profit, buoyed by increased vehicle production in North America.
Net income rose to $415 million, or $1.78 per share, from $349 million, or $1.48 per share, in the same period last year. Sales rose 16.1 percent to $8.96 billion.
Usiminas in talks with Brazil's CSA for steel slab supply contract
SAO PAULO, June 22 Usinas Siderúrgicas de Minas Gerais SA, Brazil's No. 1 listed flat steelmaker, has signed a memorandum of understanding to buy slabs from ThyssenKrupp AG's CSA Cia Siderúrgica do Atlántico SA for about 60 months.