Edition:
United Kingdom

Gabriela Mello

UPDATE 1-Carrefour Brasil to keep capex below $70 mln in Makro conversion to Atacadão

21 Feb 2020

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.

UPDATE 1-Brazil's GPA says may sell $700 mln in assets in coming months

20 Feb 2020

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.

CORRECTED-UPDATE 2-Telefonica Brasil to keep capex roughly flat after 5G profit hit

20 Feb 2020

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.

Two BRF poultry plants in Brazil suspended from exporting to Saudi Arabia

17 Feb 2020

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.

UPDATE 2-Two BRF poultry plants in Brazil suspended from exporting to Saudi Arabia

17 Feb 2020

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 market.

UPDATE 1-Brazil's Magazine Luiza profit falls after margin trade-off to boost sales

17 Feb 2020

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.

UPDATE 1-Brazil fashion retailer Lojas Renner posts 17% jump in Q4 profit, upbeat on 2020

07 Feb 2020

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 margins.

Huawei warns Brazil further delays in 5G auction could hurt competitiveness

06 Feb 2020

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.

Amazon's AWS to invest $236 million in Brazil to strengthen cloud infrastructure

05 Feb 2020

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.

MercadoLibre's financial unit to boost credit ops, ease cash withdrawals in 2020

24 Jan 2020

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.

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