Food prices drop for fourth month as Ukraine blockade hits Ukraine
... solve before exports can be ramped up. Three more grain ships are expected to leave the country's ports, the Ukrainian Infrastructure Minister Oleksandr Kubrakov said on Friday. The FAO said that the increased seasonal availability in Argentina and Brazil, where maize harvests progressed ahead of their pace last year, helped to ease the pressure on prices. The UN index tracks export prices for raw goods and excludes retail mark-ups, so it is a more encouraging sign for consumers that they are still ...
Updated: 08/05/2022
AnganGold first-half earnings down on rising costs
... headline earnings per share, the main profit measure in South Africa, came in at 71 U.S. cents, down 18% from a year-ago period. Cash costs went up by 6% from the same period last year to $1,068 per ounce. The company, which mines in Argentina, Australia, Brazil, Democratic Republic of Congo, Ghana, Guinea, and Tanzania, produced 1.233 million ounces of gold in the first half, with second quarter output up 10% from the first quarter due to higher grades. AngloGold said that the increase in costs was caused ...
Updated: 08/05/2022
Fertilizer deliveries to Brazil may be stable in 2022 - Yara
... causing domestic logistical bottlenecks. Since the end of 2021, delivery of crop nutrients has gone up 13% to 45.8 million tons, according to Brazilian industry group Anda. In the past few years, we have seen impressive market growth, said Maicon Cossa , Brazil commercial vice-president at Yara , one of the country's top three fertilizer companies. We see the market being stable this year, or maybe even a little smaller than in 2021. The threat of supply disruptions linked to the war in Ukraine caused ...
Updated: 08/04/2022
Fintech retailer MercadoLibre posts record revenue, profits
... thesis of persistent, profitable growth in a report published after the results. The better-than-expected figures provide a buffer against the macroeconomic headwinds expected in the coming months, as regional growth slows. Retail sales stagnated in Brazil MercadoLibre 's largest market in May, signalling that the nation might be poised for a recession. After the pandemic-driven boom, e-commerce gains have declined and competition has increased with the expansion of online shopping platforms from ...
Updated: 08/04/2022
Brazilian giftback start-up CRM&B acquires Zipper for 25 million reais
... subsidiary of German athletic wear Adidas and the chocolate maker Kopenhagen . In a year ago, CRM&BONUS raised over R $280 million from Softbank to accelerate its global expansion plans and consolidate its position as the leading giftback platform in Brazil. The restaurant platform ChefsClub was acquired for an unidentified value. The startup has recently opened its operations in Mexico and Portugal. The company was last valued at 1 billion reais $189 million. Other investors in the round were Riverwood,...
Updated: 08/04/2022
Ronaldo urges Neymar to stay focused ahead of World Cup
... fall short of his career potential. However, two-time World Cup winner Ronaldo believes that the 30-year-old, if fully fit and focused, could prove the difference at the showpiece tournament, which will be played from Nov 21 to Dec 18. Ronaldo said Brazil will always be favorites, regardless of the competition they are playing in, during an event in Sao Paulo on Wednesday. READ MORE: Ronaldo appears to confirm return to Man United squad. This World Cup will be no different. If Neymar is 100 percent ...
Updated: 08/04/2022
Mexico's aviation sector sees robust recovery
... almost doubled in the second quarter. Competitor Volaris saw its quarterly revenue grow by a more modest 20%. The surge was overshadowed by higher costs from aviation fuel price increases. The phenomenon is affecting most airlines in Latin America. Brazil's Gol has recently cut some of its financial goals for this year after reporting a steep net loss in the second quarter, even though its net sales tripled in the period, due to frequent jet fuel price increases.
Updated: 08/03/2022
UnitedHealth struggles to sell Amil in Brazil due to antitrust issues
... handling the mandate, did not reply to a request for comment. UnitedHealth had accepted to lose money on the sale, but it had become clear that it would not get the $5 billion it paid for the company 10 years ago, according to the people. The value of Brazil's business is estimated to be $1 billion, according to two of the sources. UnitedHealth hasn't booked any losses related to Amil . In January, the company changed its way of reporting international businesses. Amil is now part of the employer's ...
Updated: 08/03/2022
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