SAO PAULO, Feb 21 Carrefour Brasil SA
expects to keep capital expenditure to convert 30 stores
acquired from smaller rival Makro into its Atacadão wholesale
format below 300 million reais ($68.41 million), an executive
said on Friday.
SAO PAULO, Feb 20 Brazilian supermarket chain
GPA SA could sell more than 3 billion reais ($683.99
million) in assets in the coming months, its chief financial
officer said on Thursday, after weaker-than-expected quarterly
results hammered its shares.
SAO PAULO, Feb 19 Telefonica Brasil SA
, the country's largest wireless carrier, aims to keep
capital spending at levels similar to last year, executives said
on Wednesday, after investments to prepare for fifth-generation
(5G) mobile technology weighed on earnings.
SAO PAULO Two plants in Brazil's Paraná state operated by food processor BRF SA have been suspended from exporting poultry to Saudi Arabia, dealing a blow to the company's business activities in an important export market.
SAO PAULO, Feb 17 Two plants in Brazil's Paraná
state operated by food processor BRF SA have been
suspended from exporting poultry to Saudi Arabia, dealing a blow
to the company's business activities in an important export
SAO PAULO, Feb 17 Brazilian retailer Magazine
Luiza SA on Monday reported a 11.4% drop in
fourth-quarter net income year-on-year, as the group took a hit
on margins to achieve record total sales growth.
SAO PAULO, Feb 6 Brazilian fashion retailer
Lojas Renner SA reported an almost 17% jump in its
fourth-quarter net income on Thursday, as lower taxes and
stronger operating results helped the company improve its
SAO PAULO Brazil's economy risks becoming less competitive if a long-awaited 5G spectrum auction is further delayed, an executive of China's Huawei Technologies said in an interview.
SAO PAULO The cloud computing unit of U.S. Amazon.com Inc will invest 1 billion reais ($236.18 million) in the Brazilian state of Sao Paulo over the next two years, the state government said on Wednesday, to strengthen its infrastructure in South America.
SAO PAULO Argentinian fintech Mercado Pago, a unit of e-commerce company MercadoLibre , is launching new services to users of its app-based wallet, including credit lines and cash withdrawal options, as part of efforts to gain scale as market competition continues to intensify.