:quality(70)/s3.amazonaws.com/arc-authors/bloomberglinea/ea19f5d1-5e01-4b9b-b547-8b72b6e0e614.png)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/HJIWNL5Z5JGO5FQF52V564C6QQ.jpg "Brazil’s Americanas Mulls 1-Billion-Real Loan to Stay Afloat")
Brazil’s Americanas Mulls 1-Billion-Real Loan to Stay Afloat
The beleaguered Brazilian retail giant is considering taking on a loan of at least one billion reais ($196.3 million) in order to strengthen its cash flow and continue operating
:quality(70):focal(151x520:161x530)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/M3X6EH422VGFHBYC4BRTD33SMI.jpg "Americanas Faces Eviction from São Paulo Shopping Mall Due to Rent Arrears")
Americanas Faces Eviction from São Paulo Shopping Mall Due to Rent Arrears
The retail giant owes 67,000 reais for the premises in the Santa Bárbara D’Oeste mall in São Paulo state, while Americanas claims the debt is contemplated within its restructuring process
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/XZQ4VG4XWFE5JICNIXA7SZKKSM.jpg "Americanas’ Unraveling Will Likely Worsen Wave of Layoffs In Brazil")
Americanas’ Unraveling Will Likely Worsen Wave of Layoffs In Brazil
Guararapes, the owner of Riachuelo, Méliuz, CVC and Yoki, announces thousands of layoffs at a time of economic slowdown in Brazil and worldwide
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/LGUY4SRNLNFIHAHMYQVJ4CC6LA.jpg "Brazil’s Broker XP: Slowdown, Search for Efficiency and Marketing Spend in Aspen")
Brazil’s Broker XP: Slowdown, Search for Efficiency and Marketing Spend in Aspen
Q4 funding falls more than expected by the market as platform invests in initiatives for high-income audience, such as parties in the US
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/K5NLFOCFRZGINBDKKWVYQF6RKM.jpg "Brazil’s Beleaguered Americanas Files For Bankruptcy Protection")
Brazil’s Beleaguered Americanas Files For Bankruptcy Protection
The retail group, which reported having 16,300 creditors, admitted to a 20-billion-reais accounting shortfall last week, and says it has debts totaling $8.23 billion
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7FIGBTPKCBHHVKP4BZ673EVOWY.jpg "Americanas’ Rial Explains How He Discovered ‘Failures’ of $4 Billion in 9 Days as CEO")
Americanas’ Rial Explains How He Discovered ‘Failures’ of $4 Billion in 9 Days as CEO
The Brazilian retailer will have to undergo external audits, revise balance sheets and carry out capitalization with the participation of the main shareholders, according to the exec
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/EF66F2C5TFFCRCMKVJFSSDGZME.jpg "7 Business Sectors that Brazil’s Lula Could Boost, Or Put the Brakes On")
7 Business Sectors that Brazil’s Lula Could Boost, Or Put the Brakes On
The new Workers’ Party (PT) administration will face the challenge of avoiding a recession, and stimuli to sectors such as oil, renewable energy and civil construction should favor companies in the country
7 negocios que podrían recibir impulso en el gobierno de Lula
El nuevo gobierno brasileño se enfrentará al reto de evitar la recesión; estímulo a sectores como el petróleo, las energías renovables y la construcción civil deberían favorecer a las empresas del sector
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6PDRUFX7NRDIBGLUP5KFETTGS4.png "What to Expect from Jean-Paul Prates as the New Petrobras’ CEO")
What to Expect from Jean-Paul Prates as the New Petrobras’ CEO
Ending the sale of refineries, reducing dividends, and focusing on renewable energy are some of the guidelines that should guide the management of Brazil’s largest state-owned company
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/DC6YJMST5ZBUVLDJFZXVVOVN7Y.jpg "Jewelry: Why Vivara Has Become One of Analysts’ Favorite Retail Stocks")
Jewelry: Why Vivara Has Become One of Analysts’ Favorite Retail Stocks
The sector proves to be more resilient with a focus on the public less impacted by high-interest rates and inflation, benefiting from lower cost pressure
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PID5CFFQSBAJLO2FWDQ2V6YIJM.jpg "With Lula’s Inauguration, the Search for a Flight to Brasilia Skyrockets. Prices Reach $1,300")
With Lula’s Inauguration, the Search for a Flight to Brasilia Skyrockets. Prices Reach $1,300
Brazil’s capital saw a 1,600% increase in searches for tickets to fly between 30 December and 2 January, according to a travel platform survey
:quality(70):focal(3635x2305:3645x2315)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/M7XT3YIYDJGB5KPLY3AGJOS7VQ.jpg "Wheel of Fortune? XP Invests in a Gigantic São Paulo Tourist Attraction")
Wheel of Fortune? XP Invests in a Gigantic São Paulo Tourist Attraction
The Ferris wheel, adjacent to the financial capital’s Villa-Lobos park, will be the largest in Latin America, and shows the growth of the branding trend in Brazil, into which big companies are throwing money
:quality(70):focal(1855x980:1865x990)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5QQZKHRFFVBVRI35MRPM2XQKGY.jpg "‘We’re in a Perfect Storm, But it Will Pass,’ Bradesco’s CEO Says")
‘We’re in a Perfect Storm, But it Will Pass,’ Bradesco’s CEO Says
The Brazilian bank’s CEO Octavio de Lazari Junior foresees more default pressure in fourth quarter and says the bank is considering selling its credit portfolio, but expects a change of course with an interest rate cut in 2023
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MG24NRP5U5DO3EYGMN6WKJCFIY.jpg "Ambev’s Profits Fall Amid Higher Costs, Aims for Growth Goals at Qatar World Cup")
Ambev’s Profits Fall Amid Higher Costs, Aims for Growth Goals at Qatar World Cup
The beverage giant is betting on the FIFA 2022 Qatar World Cup to boost last-quarter results after beer-sales growth in Brazil stalls
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/34UMF5MIAZHXTALXXDQFJENZ2U.jpg "Why Brazil’s Bradesco Bought a Majority Stake in Real Estate Fund Manager BV DTVM")
Why Brazil’s Bradesco Bought a Majority Stake in Real Estate Fund Manager BV DTVM
The transaction reveals the country’s second-largest private bank’s interest in the segment, and high-income clients
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MFVPS3Q4QFH43DXAJUXRWXIOLE.JPG "Brazilian PC Maker Positivo Sees Desktop Sales Recover As Workers Return to Offices")
Brazilian PC Maker Positivo Sees Desktop Sales Recover As Workers Return to Offices
Hélio Rotenberg, CEO of Brazilian computer manufacturer Positivo Tecnologia, says the rise in corporate purchases offsets the drop in sales by individual customers caused by higher credit costs
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/TKINCBP6ITFXUMJHWUKENH73LA.jpg "Brazil’s Mainstream Banks Seen Weathering Crisis Better than Digital Rivals")
Brazil’s Mainstream Banks Seen Weathering Crisis Better than Digital Rivals
Brazil’s large banks have a greater resilience than digital banks as they raise funds at a lower cost, do not need to invest so much in infrastructure, and are not so dependent on a single vertical
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/3UAZLCAAMBACNGFLVJAKSI5SVY.jpg "High-End Brazilian Retail Rides E-Commerce Wave With Store Openings, Acquisitions")
High-End Brazilian Retail Rides E-Commerce Wave With Store Openings, Acquisitions
Online retail has brought a bonanza to a number of brands, and Alexandre Birman, CEO of Brazil’s Arezz, talked to Bloomberg Línea about how the company is expanding as a result of e-commerce, despite shrinking purchasing power in the country, and is planning new acquisitions and store openings
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/5VB3CRJG7ZHR7DMSWPSZJQMWOM.jpg "Mitre Realty Revealed as Buyer of Brazilian Luxury Brand Daslu")
Mitre Realty Revealed as Buyer of Brazilian Luxury Brand Daslu
The real estate developer placed the winning bid of 10 million reais ($2.04 million) at auction, and acquires the rights to use all 51 of Daslu’s brands
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/RTECTKGEFFHCFISQD25BFVMKTI.jpg "How Brazil is Preparing for the Arrival of Monkeypox")
How Brazil is Preparing for the Arrival of Monkeypox
The country’s health authorities recommend isolation and have created a ‘situation room’ to monitor the spread of the virus
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6OPBP67WLRCBVKQD4YGKPZWJD4.jpg "Brazil Scraps Import Taxes On Jet Skis, Non-Motorized Aircraft")
Brazil Scraps Import Taxes On Jet Skis, Non-Motorized Aircraft
The Chamber of Foreign Trade announced the measure that will come into effect later this month
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VNZCQFQLHBCUJHEBJYG2HS2HRE.jpg "Foreigners Sink $12.4B into Brazilian Stocks Year-to-Date")
Foreigners Sink $12.4B into Brazilian Stocks Year-to-Date
Foreign capital inflows remained above 30 billio reais in February despite the outbreak of war
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PMEFXS3AJNFV5B3B2SYJXRB2VE.jpg "Crypto Pyramid: 500 People Complain of a Scam that Turns into a Police Case in SP")
Crypto Pyramid: 500 People Complain of a Scam that Turns into a Police Case in SP
Procon-SP refers complaints involving MSK Operações e Investimentos to the Civil Police
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7ZMY2AHA6VCXRNFUBUACSAP3HA.jpg "Brazil Has a New Law for Foreign Exchange with an Eye on Global Insertion")
Brazil Has a New Law for Foreign Exchange with an Eye on Global Insertion
With the New Foreign Exchange Law, the Central Bank expects greater international use of the Brazilian Real and less bureaucracy in the foreign exchange market