Argentina

P&G To Record Up To $2.5bn In Gillette Writedown, Operations Rejig

Procter & Gamble said it would record up to $2.5 billion (€2.3 billion) in charges over two fiscal years as it writes down the value of its Gillet...

Spain's Dia Sees Sales Up 4.5% In First Nine Months Of Year

Spanish retailer Dia Group has reported a 4.5% increase in sales on a like-for-like basis in the first nine months of the year, to €4.64 billion.

Argentina, Brazil Seek €12.5bn Financial Aid In EU-Mercosur Talks

Argentina and Brazil are requesting €12.5 billion ($13.2 billion) in financial aid from the European Union in talks to conclude a trade agreement with...

Minerva Foods Acquires 16 Facilities From Marfrig In Latin America

Latin American fresh beef exporter Minerva Foods has acquired 16 facilities in Brazil, Argentina, and Chile from Brazilian meatpacker Marfrig.

Argentine Shoppers Face Daily Race For Deals As Inflation Soars Above 100%

Argentines, up against painful annual inflation at 113% and rising, are running a daily gauntlet to find deals and lower prices as rapid hikes often leave...

Chile's Cencosud Sees Net Income Up 163% In Q2 2023

Chilean multi-format retail holding company Cencosud reported net income of US$ 179 million (€164 million) in the second quarter of 2023, registering...

Argentina Sets Grocery Price Controls For 90 Days To Tame Inflation

Argentina's government has announced a price agreement for supermarkets to limit monthly increases to a maximum of 5% for 90 days as the country tries to t...

Ice Cream Prices Double In A Month As Argentina Battles Inflation

When Ernesto Acuna, a convenience store owner in Buenos Aires, received the new price list this week from his supplier of the snacks, condiments, sodas and...