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...This month, it hit a single-day record of 153mn transactions that moved R$76bn ($15.3bn)....
...Revenues rose 79 per cent to R$5bn ($896m) last year, while net losses shrank by a quarter to R$230m. Customer deposits increased 2.6 times to R$29bn....
...“All these people coming to work here has given a boost to trade, especially during the pandemic,” said Cristian Coelho Diniz, whose family owns the business....
...The renewed controversy over alleged fraud at BRF comes as the company’s institutional shareholders embark on a campaign to oust its chairman, Brazilian billionaire Abilio Diniz....
...Cargo theft is another arm of the drug trafficking gangs,” Mr Diniz said....
...Although homes here cost R$14 to R$25m on the beachfront or R$5m to R$7m in the back lanes, the most important part is the land....
...The kidnappers are said to be demanding R$120m ($37m) for the return of 67-year-old Aparecida Schunck, who was taken last Friday, only two weeks ahead of the opening of the Olympic Games in Rio de Janeiro...
...R and Company are bringing sensuous, hand-carved pieces by Tenreiro....
...The Paris-based hypermarket group, the world’s second-largest retailer by sales, said the sale to investment fund Peninsula, controlled by billionaire Abilio Diniz, valued the Brazilian operations at R$20.4bn...
...The real strengthened 2.42 per cent to R$2.40 against the dollar while stock market index Ibovespa was up 2.28 per cent after the central bank overnight increased interest rates by 25 basis points to a three-year...
...Meanwhile he has turned his attention to Brasil Foods, selling R$1.5bn (US$761m) in preferential Pão de Açúcar shares last month to increase his stake in the food producer....
...A total of 17,120,200 shares were sold at R$89 each, raising R$1,523,697,800, BM&FBovespa said. Apparently Diniz was just trying to diversify his assets....
...The R$3bn scheme plans to send more than 100,000 Brazilians to top universities abroad....
...Paulo newspaper, it was R$200m for 30 per cent)....
...In 2011, BNDES disbursed R$139.7bn ($69.5bn) and had allocated another R$67.9bn by July this year....
...Mr Diniz continues to stand by his proposal, saying a merger would create a group large enough to stand up to the likes of Walmart in Brazil, with R$65bn ($41bn) of combined sales....
...Pão de Açúcar has 1,647 stores, sales of R$36bn (€15.8bn) and about 18 per cent market share....
...Much of the growth in BNDES came towards the end of Mr Lula da Silva’s term, with the bank’s loan book more than doubling between 2007 and 2010 to R$365bn....
...The group, which is controlled by France’s Casino and Brazil’s Diniz family, said net income rose to R$447m ($268.3m) for the last three months of 2010, compared to R$203.5m in the same period of 2009....
...With as many as 2,386 stores across Brazil and annual sales of about R$65bn ($41bn), expanded Pão de Açúcar would be by far Brazil’s biggest retailer, with about a third of the local market....
...“I felt very envious when I saw that Casas Bahia had opened a store in the favela of Paraisópolis,” Mr Diniz said....
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