Edition:
India

Aluisio Alves

China's Didi Chuxing partners with WhatsApp for ride-hailing in Brazil

06 Oct 2020

SAO PAULO Brazilian ride-hailing service 99, controlled by China's Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned by Facebook in a move that would allow users to summon cars without using another app.

Brazil's GPA considers spinning off Assai wholesale unit

10 Sep 2020

SAO PAULO Brazilian food retailer GPA is considering spinning off its Assai wholesale unit via an initial public offering, it said in a securities filing on Wednesday.

UPDATE 1-Brazil's IRB still needs to plug 1.2 bln reais liquidity gap, says CEO

31 Aug 2020

SAO PAULO, Aug 31 Brazil's largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity issues, but has not yet fully met regulatory requirements, its interim chief executive said on Monday.

Brazil's BB Seguridade says company reached peak of sales in July

03 Aug 2020

SAO PAULO, Aug 3 Brazilian insurance company BB Seguridade SA likely reached its monthly sales record in July in products such as pension plans and credit life insurance, as the company slowly recovers from the coronavirus crisis, Chief Executive Bernardo Rothe said in an interview.

Brazil central bank authorizes tests of Facebook's WhatsApp pay, Mastercard and Visa say

01 Aug 2020

SAO PAULO Brazil's central bank has authorized testing of payments via Facebook Inc's messaging service WhatsApp in the country, Visa Inc and Mastercard Inc said on Friday, easing an outright ban on the service imposed last month.

IRB restates 2019 net income, cuts it by 31% due to accounting irregularities

30 Jun 2020

SAO PAULO IRB Brasil Resseguros has restated its 2019 financial statements to correct accounting irregularities, reducing its net income for the year by 31% to 1.2 billion reais ($220 million), the Brazilian reinsurer said on Tuesday.

UPDATE 1-Brazilian broker XP and shareholder Itau in investment dispute

26 Jun 2020

SAO PAULO, June 25 Brazilian broker XP Inc and its major shareholder, Itau Unibanco Holding SA engaged in a public spat on investments this week, trading accusations in an ad campaign and webcasts on Thursday.

Brazilian credit bureau Boa Vista SCPC may revive IPO plans

22 Jun 2020

SAO PAULO Brazilian credit bureau Boa Vista SCPC is considering reviving plans to go public after a rapid expansion in credit score queries prompted it to shift its focus to organic growth rather than acquisitions.

Unilever Brazil laundry franchise deal may presage new business push

19 Jun 2020

SAO PAULO Unilever Plc said on Friday it is buying a chain of laundromats in Brazil to be renamed Omo, after the world's No. 2 laundry detergent, in what the consumer goods giant said could be a precursor to other similar deals elsewhere.

Brazil manufacturers seek to skirt shutdowns as coronavirus surges

12 Jun 2020

SAO PAULO Manufacturers in Brazil like Marcopolo SA and Randon are trying to show they can safely operate their factories at reduced capacity, dodging the coronavirus-induced shutdowns that have hit the mining and food processing sectors.

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