Edition:
United Kingdom

Gabriela Mello

China's Huawei makes second attempt at Brazil smartphone market

18 Apr 2019

SAO PAULO China's Huawei Technologies Co Ltd is making a second attempt at cracking the Brazilian smartphone market, the fourth-largest in the world, with the launch of two high-end handsets this month, after its cheaper offerings failed to catch on earlier in the decade.

UPDATE 1-Brazil telecoms firm Oi sees revenue growth from 2021

27 Mar 2019

SAO PAULO, March 27 Brazilian telecommunications firm Oi SA, trying to right itself after a string of financial losses, is boosting capital spending in a bid to return to revenue growth by 2021, executives said on Wednesday.

Bezos-backed startup partners with Brazil retailer GPA to sell plant-based products

20 Mar 2019

SAO PAULO A Chilean startup whose investors include Amazon.com Inc CEO Jeff Bezos is partnering with Brazilian supermarket operator GPA to start selling its plant-based food products in the first step of a regional roll-out, it said on Wednesday.

Bezos-backed startup partners with Brazil retailer GPA to sell plant-based products

20 Mar 2019

SAO PAULO, March 20 A Chilean startup whose investors include Amazon.com Inc CEO Jeff Bezos is partnering with Brazilian supermarket operator GPA to start selling its plant-based food products in the first step of a regional roll-out, it said on Wednesday.

UPDATE 1-Telefonica Brasil sees higher revenues, margins in 2019 -CEO

20 Feb 2019

SÃO PAULO, Feb 20 Telefonica Brasil SA , Brazil's largest wireless carrier, expects to boost revenues and margins this year by raising prices and automating more of its customer service arm, its chief executive officer said on Wednesday.

Telefonica Brasil Q4 net profit drops 2 percent as expected

20 Feb 2019

SÃO PAULO, Feb 20 Telefonica Brasil SA on Wednesday reported that net profit in the fourth quarter fell 2 percent from a year earlier to 1.5 billion reais ($404.55 million), pressured by asset depreciation and stagnant revenues, roughly in line with expectations.

Brazil retailer Lojas Renner says strong 2018 finish carried into 2019

08 Feb 2019

SAO PAULO, Feb 8 Brazilian apparel chain Lojas Renner SA made an annual profit of more than 1 billion reais ($269 million) for the first time last year, helped by double-digit revenue growth which has carried over into the first weeks of 2019.

Amazon.com starts direct sales of merchandise in Brazil after delays

22 Jan 2019

SAO PAULO Amazon.com Inc is launching its long-awaited in-house fulfillment and delivery network in Brazil after months of delays caused by complicated logistics and a highly complex tax system in the largest Latin American economy.

Spanish startup Glovo to raise funds for new Latam tech center

09 Jan 2019

SAO PAULO Spanish delivery startup Glovo is planning a new fundraising round in the first quarter to fuel a Latin American expansion that will include a second technological center in the region, its Brazilian country manager said on Wednesday.

Brazil stock market hits record high on Bolsonaro's potential reforms

04 Jan 2019

SAO PAULO Brazil's stock and currency markets have romped into the New Year, lifted by growing confidence in the still-to-be-detailed economic policies of newly inaugurated far-right Brazil President Jair Bolsonaro.

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