CashNews.co BRASILIA (Reuters) -Brazil’s finance minister said on Monday that remaining stumbling blocks to a fiscal package aimed at curbing mandatory expenses had been resolved, but added that President Luiz Inacio Lula da Silva wants to extend the cuts to one more ministry. The Brazilian real currency has weakened to multi-year lows against the U.S. […]
CashNews.co MONTEVIDEO, Uruguay, Aug. 02, 2023 (GLOBE NEWSWIRE) — MercadoLibre, Inc. (Nasdaq: MELI) (http://www.mercadolibre.com), Latin America’s leading e-commerce and technology company, today reported financial results for the quarter ended June 30th, 2023, in a letter to shareholders, which is … Read More #cashnews #Brazil #newsfinace #finance #FollowsCashnews
CashNews.co (Bloomberg) — Elon Musk’s X skirted a ban of the social media network in Brazil through an automatic update of its software, an association of Brazilian internet providers said Wednesday. Most Read from Bloomberg Access to the platform abruptly returned overnight for many in Latin America’s most populous nation after a Brazilian Supreme Court […]
CashNews.co By Marcelo Rochabrun BRASILIA (Reuters) – LATAM Airlines will fire “at least” 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs and cope with an industry collapse due to the COVID-19 pandemic. In a statement, LATAM Brasil said it opened a voluntary redundancy […]
CashNews.co Marubeni and Hitachi Construction Machinery have set up a JV, ZAMine Service Brasil, to engage in mining equipment sales and maintenance services in Brazil. This move is set to capitalise on the growing demand for mining equipment in the region. The alliance between Marubeni and Hitachi Construction Machinery dates back to the 1970s, with […]
CashNews.co MEXICO CITY (Reuters) – Carrefour Brasil reported a 95.2% drop in its second-quarter adjusted net profit to reach 29 million reais ($6.10 million), hit by the financial impact of its integration with BIG Group, the company said on Tuesday. The Brazilian arm of French retailer Carrefour SA said that net sales rose 8.1% to […]
CashNews.co Insights into Brazil’s Pre-Salt Oil Exploration It was announced on Monday that many of the major oil giants – including Shell, ExxonMobil, and BP – had come out on top in the fifth round auction for acreage in the Santos and Campos basins offshore Brazil. Pre-salt oil reserves in the basins contain 16.4 billion […]
CashNews.co (Bloomberg) — Fallout from the clash between Elon Musk and a justice on Brazil’s top court spread across the billionaire’s companies as the judge vowed to shut down X and blocked Starlink bank accounts in Latin America’s largest economy. Most Read from Bloomberg Supreme Court Justice Alexandre de Moraes is spearheading efforts to combat […]
CashNews.co A plane has crashed in the Brazilian state of São Paulo, killing all 62 people on board. The twin-engine turboprop was flying from Cascavel in the southern state of Paraná to Guarulhos airport in São Paulo city when it came down on Friday in the town of Vinhedo, Voepass airline says. Footage circulating on […]
CashNews.co OMAHA, Neb.–(BUSINESS WIRE)–Mar 3, 2020– There have been recent stories in the Brazilian press that Berkshire Hathaway Inc. is a shareholder of IRB Brasil Re (“IRB”). Those stories are incorrect. Berkshire Hathaway Inc. is not currently a shareholder of IRB, it has never been a shareholder of IRB and it has no intention of […]