Brazil’s 0.2% GDP Drop Fans Recession Fears
"There is a very real risk of contraction, which would take the country into a technical recession," an economist warns.
Avon in ‘Advanced’ Sale Talks With Brazilian Firm
Natura Cosméticos "believes it can revive the fortunes of the company historically known for its doorstep Avon Lady sellers."
Avon Turnaround Proceeding Slowly
The cosmetics company posted breakeven earnings per share and sales fell year-over-year.
Petrobras Settles Investor Class Action for $2.9B
The settlement resolves investor claims arising from the $2 billion corruption scandal that has rocked Brazil for four years.
Mobile App Spending to Top $110B Next Year
A new report says the app market is maturing, with users averaging two hours a day in apps and the share of non-game apps increasing.
Four Countries Where Political Risk Is Rising
In its quarterly report on political risk, Aon downgraded the risk ratings of four nations.
Pilgrim’s Pride Buys Poultry Firm From Parent
The $1.3 billion acquisition of Moy Park "will position Pilgrim's to become a global player" in the poultry production business.
S&P Sees More Sovereign Downgrades This Year
Negative rating actions on sovereign debt "are likely to continue to outnumber positive actions over the coming 12 months," S&P says.
Robots Help Siemens Cope in Brazil
Subsidiary’s CFO recounts how robots have helped sustain productivity during the country’s prolonged crisis.
AB InBev Won’t Pay Execs Bonuses for 2016
"When we do not meet our objectives, we take responsibility for it," the company said as it reported a "disappointing" performance last year.
Kellogg to Buy Brazilian Snack Firm for $429M
The cereal giant says the deal will advance its goals of becoming a global snacking powerhouse and expanding in emerging markets.