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Santos have sacked manager Paulo Turra after just seven games in charge as the Brazilian Serie A giants fight to avoid relegation.In a statement issued on Sunday, Santos said assistant coaches Adir Kirst, Felipe Endres and Leo Monteiro were ...
Rede D'or said on Wednesday it has agreed to acquire insurer SulAmerica Seguros in a 13 billion-real ($2.6 billion) deal combining Brazil's largest
Provided by Dow Jones By Jeffrey T. Lewis SAO PAULO--Brazilian lender Itau Unibanco Holding SA reported profit jumped in the first quarter from a year earlier as the bank reduced the amount of money it set aside as provisions for bad loans. The company's net income rose 59.2% to 5.4 billion reais, the equivalent of $993 million, Itau said Monday. Net income per share rose to 0.55 real from 0.35 real. Operating revenue was little changed, rising to 30 billion reais from 29.2 billion reais a year earlier. The bank reduced its allowance for loan losses to 3.1 billion ...