Brazil’s Securities Commission (CVM) has stepped up its efforts to investigate Americanas — the major Brazilian retailer whose recent demise has stunned investors and sent shockwaves through the market. In less than a week, the number of ongoing investigations rose from three to seven.
Rewind. Americanas is one of Brazil’s largest retail groups. Its performance has been lackluster of late — it posted the worst Q3 results of any of the industry’s top dogs. Yet no one saw coming what could well be the biggest accounting scandal in Brazilian history.
State of play. The CVM wants to determine whether the “inconsistencies” stemmed from neglect of governance...
The months of April and May see the biggest changes in publicly listed companies, with…
Panama will hold its presidential elections on Sunday, months after huge protests saw thousands descend…
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…