Assaí, a major player in Brazil’s cash and carry retail market, has seen its fortunes change dramatically. The company recently announced that the Brazilian Federal Revenue Service accepted its appeal. This decision led to the cancellation of a R$1.3 billion ($232 million) asset freeze. The news, released after market close on October 11, 2024, sent […]
Related Posts
Brazil’s April Surplus Falls Short, Deficit Projections Worsen for 2024
On Tuesday, Brazil’s National Treasury announced a primary surplus of R$11.1 billion ($2.14 billion) for Brazil’s central government in April. This result, which encompasses the Treasury, Central Bank, and Social Security, fell short of the R$13.35 billion ($2.58 billion) surplus analysts had anticipated. Comparatively, the surplus was R$15.6 billion ($3.01 billion) in the same month […]
Mozambique Finds Itself in a State of Political Limbo
Mozambique’s October 11 municipal elections have sparked widespread unrest, primarily among young voters, demanding transparency. They are frustrated with the unclear and delayed election results. The National Elections Commission (CNE) named the ruling party Frente de Libertação de Moçambique (Frelimo) as the winner. But accusations of fraud have fueled public doubt and protest, and a […]