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 for sustainable agriculture and the restoration of…
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 and five stores for 1.3 billion reais…
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 retailer Grupo BIG, the company said in…
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 a year earlier but still above analysts’…
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 million), hit by a double digit increase…
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 and state lender Caixa Economica Federal on…
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 standards. Alexandre Bompard was chosen as candidate…
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) in value. In a presentation the company,…
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 quarter the previous year. The company said…
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 fourth quarter net profit of 2.628 billion…
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 of French retailer Carrefour SA posted an…
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 likely to rise by up to 23.7%…
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