Brazil’s Eletrobras reports 45% drop in Q2 net profit
(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments. In the first earnings report since its…
(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments. In the first earnings report since its…
SAO PAULO – Brazilian holding company Cosan SA on Friday reported a net loss in second quarter, as a higher interest rate raised its cost of debt. Cosan, who owns…
SAO PAULO – JBS SA , the world’s largest meatpacker, posted an almost 10% drop in net profits, to $766 million, driven by the relative weakness of its U.S. beef…
By Ana Mano SAO PAULO – Investors dumped shares in Brazilian food processor BRF SA on Thursday after a wider-than-expected quarterly loss partly attributed by management to nonrecurring events. In…
RIO DE JANEIRO – Brazil’s President Jair Bolsonaro on Monday denied that he has any intention of carrying out a coup if he loses October’s election, adding that he rejects…
(Reuters) – Brazilian pharmacy chain Raia Drogasil SA posted on Friday a 48% increase on its second-quarter adjusted net profit. The company’s profit rose to 343.746 million reais ($66.46 million)in…
(Reuters) – Brazilian cash-and-carry chain Assai reported a 20.7% increase in second-quarter net profit, compared to the same period last year, to reach 319 million reais ($60.83 million), the company…
BRASILIA -Brazil’s federal public debt grew 2.51% in June from the month before, and the average cost of domestic debt issuance kept soaring amid greater risk aversion, the Treasury said…
SAO PAULO – Top Brazilian bankers and businessmen issued a letter on Tuesday in defense of Brazil’s electronic voting system that has been attacked by far-right President Jair Bolsonaro, and…
By Aluisio Alves SAO PAULO – Simpar, a holding firm for Brazilian logistics companies Movida, JSL and Vamos, is preparing to expand into the United States and European markets in…
By Paula Arend Laier SAO PAULO – One of Brazil’s most successful individual investors, Luiz Barsi, said he is continuing to buy shares in its companies even as uncertainties loom…
By Gabriel Burin BUENOS AIRES – Brazil’s growth spurt this year has been overshadowed by worries about an increasing number of hastily put-together spending plans ahead of October’s presidential vote,…
BRASILIA – Brazilian economic activity kicked off the second quarter in a downturn, the central bank index showed on Thursday, losing steam in April after the previous month’s performance, but…
By Gabriel Araujo and Camila Moreira SAO PAULO – Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly…
SAO PAULO – Former President Luiz Inacio Lula da Silva, who is leading in the polls for Brazil’s October presidential election, said on Saturday he will not tolerate threats against…
By Roberto Samora and Ana Mano SAO PAULO – Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data released on Friday, quashing fears…
BRASILIA – Brazil’s Senate on Thursday approved a major pre-election aid package, sending the government-backed measure to the lower house. The measures are seen as a crucial pillar of President…
SAO PAULO – The chief executive of Brazil’s state lender Caixa Economica Federal, Pedro Guimaraes, is being investigated by the federal prosecutor’s office for sexual harassment, local news website Metropoles…
BRASILIA – Brazil’s federal public debt rose 2.01% in May from the month before, with the average costs of domestic debt issuance jumping to the highest level in five years…
By Rodrigo Viga Gaier and Rafaella Barros RIO DE JANEIRO – The board of directors of Brazil’s Petrobras elected Caio Paes de Andrade as its new chief executive on Monday,…
BRASILIA – Brazil’s central bank is aiming for inflation in 2023 “around” the 3.25% target but less than 4%, its chief, Roberto Campos Neto, said on Thursday, as policymakers hike…
By Marcela Ayres and Bernardo Caram BRASILIA – Brazil’s Economy Ministry is trying to limit the cost of higher cooking gas subsidies and a new cash transfer program for truck…
BRASILIA – An “assertive” action by the Brazilian central bank is necessary for inflation to converge to the government’s official target, the central bank’s director of international affairs, Fernanda Guardado,…
(Reuters) – Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end…
RIO DE JANEIRO – Petrobras’ board of directors held discussions Friday over freezing fuel prices for 45 days, according to three sources with knowledge of the matter. The proposal, presented…