Edition:
International

Aluisio Alves

Brazil's securities industry watchdog to investigate change of Petrobras CEO

Feb 21 2021

SAO PAULO Brazil's securities industry watchdog CVM is expected to launch an investigation on Monday following the announcement by President Jair Bolsonaro of the change of CEO at state-controlled oil company Petrobras, according to one source with knowledge of the matter.

SoftBank-backed MadeiraMadeira raises $190 mln in new funding round

Jan 07 2021

SAO PAULO, Jan 7 Brazilian online home goods platform MadeiraMadeira has raised $190 million in a new funding round that valued it above $1 billion, the company said on Thursday.

Latam ecommerce giant MercadoLibre is not currently an acquisition target: CEO

Nov 13 2020

SAO PAULO MercadoLibre Inc , Latin America's largest ecommerce company which has experienced dramatic growth due to COVID-19 lockdowns, is not being pursued by global rivals as an acquisition target, its chief executive told Reuters.

Unilever picks Brazil for its pet care products debut

Nov 11 2020

SAO PAULO Unilever PLC chose Brazil, which boasts the second largest population of dogs and cats in the world, to launch a line of pet care products as it tries to offset lower sales of more traditional consumer goods.

Unilever picks Brazil for its pet products debut

Nov 10 2020

SAO PAULO, Nov 10 Unilever PLC chose Brazil, which boasts the second largest population of dogs and cats in the world, to launch a line of pet care products on Tuesday as it tries to offset lower sales of more traditional consumer goods.

Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancing

Nov 08 2020

SAO PAULO Amazon said on Monday it had opened three more logistics centers in Brazil to take advantage of the boost the COVID-19 pandemic has given to e-commerce in South America's largest economy.

Brazil mortgages skyrocket 70% in September, breaking record

Oct 27 2020

SAO PAULO, Oct 27 Mortgage loans with resources from the Brazilian Savings and Loan System (SBPE) reached 12.9 billion reais ($2.29 billion) in September, up 70.1% over the same period in 2019, reaching a record, mortgage lender association Abecip reported on Tuesday.

China's Didi Chuxing partners with WhatsApp for ride-hailing in Brazil

Oct 05 2020

SAO PAULO Brazilian ride-hailing service 99, controlled by China's Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned by Facebook in a move that would allow users to summon cars without using another app.

Brazil's GPA considers spinning off Assai wholesale unit

Sep 09 2020

SAO PAULO Brazilian food retailer GPA is considering spinning off its Assai wholesale unit via an initial public offering, it said in a securities filing on Wednesday.

UPDATE 1-Brazil's IRB still needs to plug 1.2 bln reais liquidity gap, says CEO

Aug 31 2020

SAO PAULO, Aug 31 Brazil's largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity issues, but has not yet fully met regulatory requirements, its interim chief executive said on Monday.

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