Brazil

Grupo Bimbo Signs Agreement To Acquire Brazil's Wickbold

Bakery giant Grupo Bimbo has announced it has signed an agreement to acquire Brazilian peer Wickbold.

Grupo Mateus' Second-Quarter Profits Increase by 18%

Brazil's third-largest retailer, Grupo Mateus, has announced an 18% year-on-year increase in net profit to 347.5 million reais (€57.7 million) for the...

JBS Posts Profit As Chicken And Pigs Make Up For Beef Slump

JBS SA said that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the US,...

GPA Narrows Losses In Second Quarter, Revenues Rise 2.5%

Brazilian retailer GPA reported a loss of 332 million reais (€55.2 million) in the second quarter of the year, a 21.9% improvement year-on-year, while...

Light Frosts Reported In Some Brazilian Coffee Areas, Prices Surge

Farmers reported light frosts in coffee-producing areas of Brazil over the weekend as an unusually strong cold mass for this time of year advances from the...

Brazil's Assaí Atacadista Sees Sales Up 12.% In First Half

Brazilian cash and carry chain Assaí Atacadista has reported a 12.9% increase in net sales in the first half of its financial year, to BRL 35.1 bill...

EU-Mercosur To Meet In September Signaling Movement In Trade Talks

EU and South American negotiators will meet on 4-6 September in Brasilia, raising hopes an EU-Mercosur trade deal can be concluded this year, diplomats sai...