Pepsi is reaching for the stars in its latest effort to take on Sprite. Starry, a new lemon-lime soda, will launch in supermarkets and convenience stores this week. It is replacing Sierra Mist, a 24-year-old brand that failed to gain traction against market leader Sprite, which is owned by main rival Coca-Cola (KO). Pepsi’s internal […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
Industry confidence drops for the 4th time and confirms the sector’s insecurity, says CNI
The Industrial Entrepreneur Confidence Index (ICEI), from the National Industry Confederation (CNI), retreated below the 50-point dividing line in January, to 48.6, for the first time since July 2020. The drop was 2 .2 points compared to December — the fourth consecutive year. The data shows that there is a generalized lack of confidence in […]
Americanas shares plummet nearly 80% after announcement of BRL 20 billion shortfall
Americanas shares fell 77.33%, quoted at R$ 2.72 this Thursday (12) after the retailer announced the day before “unprecedented accounting inconsistency”. Americanas shares went up for auction at the beginning of trading this Thursday, as a way to prevent market fluctuations after the announcement of the billionaire gap. Americanas announced yesterday that inconsistencies were detected […]
Americanas shares fall 75% and are traded at R$3 after a record breach the day before
At auction, after a record breach the day before, Americanas shares fell 75% this morning (12), trading at R$3. Americanas announced yesterday that inconsistencies were detected in accounting entries estimated at BRL 20 billion, in a preliminary analysis, with the base date of September 30, 2022. In light of this, CEO Sergio Rial and Investor […]
Eurozone inflation should only slow down to the target in the second half of 2025, says ECB
The annual consumer inflation rate (CPI) in the euro zone should only slow down to the official target of 2% pursued by the European Central Bank (ECB) in the second half of 2025, according to the monthly economic bulletin released by the ECB this Thursday ( 12). Eurosystem specialists project that the bloc’s average inflation […]
Rial cites lack of transparency and problems in Americanas reports
The former chief executive of Americanas Sergio Rial participated in a closed conference this Thursday morning (12) about the accounting problems disclosed the day before by the company that indicate a hole in the company’s accounts of at least R$ 20 billion. At the conference, organized by BTG Pactual and broadcast online to a limited […]
Haddad attends World Economic Forum in Davos next week
The Minister of Finance, Fernando Haddad, will make his first international trip as head of the post next week. According to the dispatch published in an extra edition of the Official Diary of the Union On Wednesday (11) the minister will participate in commitments related to the World Economic Forum, in Davos, Switzerland. The trip […]
Dollar has slight drop before announcement of measures by Haddad and US inflation
The dollar fell slightly against the real in the first deals this Thursday (12), with investors working in standby mode before the announcement of economic measures by the Minister of Finance, Fernando Haddad, and of inflation data from the United States. At 9:25 am (Brasília time), the spot dollar retreated 0.40%, to R$ 5.160 on […]
Services are stable in November, the 2nd straight month without growth, says IBGE
The services sector was stable from October to November, informed the IBGE (Brazilian Institute of Geography and Statistics) this Thursday (12), in the second straight month without growth. The market expected an increase of 0.2% in the monthly comparison and 6.2% in the annual comparison, according to a Reuters poll. With the result of the […]
Retail sales grow 1.3% in December 2022, points out Cielo index
Brazilian retail sales in December grew by 1.3%, discounting inflation, compared to the same month in 2021, according to Cielo data released this Thursday (12). According to the means of payment company, the Cielo Extended Retail Index (ICVA) registered an increase of 10.2% in nominal terms, which mirror the sales revenue observed by the retailer. […]
