Banco de Brasil exec Haui named to head BB Seguridade after CEO resigns
SAO PAULO (Reuters) – Brazilian insurer BB Seguridade said on Tuesday its CEO Ullisses Assis has resigned from his position and its controlling shareholder, Banco …
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Banco do Brasil and World Bank ready cooperation on $400 million for Amazon recovery
BRASILIA (Reuters) – Brazilian state-run Banco do Brasil and the World Bank signed a memorandum of understanding on Tuesday on a $400 million credit line …
Carrefour Brasil posts 95% drop in Q2 net profit weighed down by BIG division
MEXICO CITY (Reuters) – Carrefour Brasil reported a 95.2% drop in its second-quarter adjusted net profit to reach 29 million reais ($6.10 million), hit by …
Carrefour Brasil bets on know-how to expand small stores operation
By Carolina Pulice MEXICO CITY (Reuters) – Grupo Carrefour Brasil launched a franchise model of convenience stores in the Brazilian market on Wednesday, aiming to …
Carrefour Brasil in talks with Barzel Properties over $260 million deal
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers …
Carrefour Brasil swings to quarterly loss as BIG purchase weighs
SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22.39 million), hit by high investment costs at its acquired food …
Santander Brasil posts Q1 net profit down 46.6%
SAO PAULO (Reuters) – Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from …
Brazil’s Carrefour Brasil posts 28% drop in Q4 adjusted net profit
SAO PAULO (Reuters) – Carrefour Brasil reported on Monday its fourth-quarter adjusted net profit decreased 28.2% from a year earlier to 550 million reais ($106.19 …
Lula to announce Petrobras, Banco do Brasil, Caixa CEOs on Friday -Haddad
BRASILIA (Reuters) -Brazil’s President-elect Luiz Inacio Lula da Silva will announce the new chief executives of state-run oil company Petrobras, state-controlled lender Banco do Brasil …
Carrefour Brasil to elect new board members, sets governance norms
SAO PAULO – Supermarket chain Carrefour Brasil said Tuesday that its board approved calling a shareholders meeting to elect new board members and update governance …
Telefonica Brasil expects $1.09 billion of synergies with Oi deal
SAO PAULO – Telefonica Brasil said on Wednesday it estimates the assets acquired from Brazilian telecom Oi Movel will create 5.4 billion reais ($1.09 billion) …
Carrefour Brasil reports Q1 total sales of $4.45 billion
(Reuters) – Brazilian retailer Carrefour Brasil reported on Tuesday first-quarter total sales of 20.755 billion reais ($4.45 billion), a 14.5% increase compared with the same …
Telefônica Brasil posts 103.2% growth in Q4 net profit
– Telefonica Brasil on Tuesday reported its quarterly net profit rose 103.2%, helped by a tax credit recognition of 1.4 billion reais. The telecoms operator’s …
Brazil’s Carrefour Brasil reports a 13.5% drop in Q4 adjusted net income
– Carrefour Brasil reported on Tuesday that fourth-quarter net income fell from a year earlier but beat estimates, helped by sales increases. The local unit …
Banco do Brasil sees 2022 profit up 24%
By Carolina Mandl SAO PAULO – Brazilian state-controlled lender Banco do Brasil SA said in a filing on Monday that its 2022 net income is …