Brazil

GPA Posts Biggest Drop Since October On Decline In Profitability

Cia. Brasileira de Distribuicao SA, the Brazilian retail giant, fell the most in seven months in Sao Paulo trading after the company said increased competi...

Sugar Gets On Wild Ride As Prices Surge Amid Rising Volatility

The turmoil gripping Brazil is leaving sugar traders reeling. Prices in New York jumped as much as 4.8 percent on Wednesday, the biggest intraday gain i...

Sonae Sierra Q1 Profits Rise by 31%

The property arm of Portuguese retail company Sonae has recorded a 31 per cent net profit growth in Q1 2016. Sonae Sierra, its international retail prop...

Brazil's Retail Sales Unexpectedly Jump By Most Since 2013

Brazil’s retail sales unexpectedly rose in February by the most since July 2013, carried by a surprise surge in sales of furniture and appliances....

Funds Sour On Sugar As Brazil Outlook Eclipses Global Deficit

Investors are losing their taste for sugar. Money managers are backpedaling on bets prices will rally, cutting their wagers last week for the first time...

Iowa Corn Fueling Brazil Cars As Demand Spurs Imports

At the Plymouth Energy LLC plant in the heart of the US corn belt - where home-grown fuel from grain was supposed to ease American dependence on foreign oi...

Brazilians Scrimp, Save In Unwelcome Surprise For Investors

Mariele Santarosa limits her social outings and shopping now that business at her Sao Paulo dental practice has dropped 80 per cent in a year, a victim of...

Brazilians Ditching Easter Chocolate Boost Cocoa-Butter Exports

At a supermarket in Sao Paulo, Lenita Lima browses through hundreds of chocolate eggs to find the ones she can afford to give her daughter and eight nephew...