Major Brazilian banks are about to release their second-quarter results next week, but experts are anticipating a bad season of high default rates and even higher loss provisions. The question is which lender’s numbers hold up best.
Brazil’s richest man Eike Batista is making business headlines, but not for the right reasons. 2011 was a bad year for his EBX Group, but this year looks even worse. Is Brazil losing faith in its greatest entrepreneur?
Second quarter earnings season results in Brazil show weak data and a drop in companies’ earnings per share, according to a report from Santander bank.
The oilfield services piece of the biggest business empire in Brazil — that belonging to billionaire Eike Batista — is profitable again as the world’s energy companies get serious about developing hydrocarbon resources off the South American coast.