Sao Paulo

Companhia Brasileira de Distribuicao (CBDBY) reported a $49.9 million loss in Q2, equivalent to a 10-cent per-share loss, with adjusted losses of 8 cents per share. The retailer generated $836.6 million in revenue during the period.

Brazilian President Luiz Inacio Lula da Silva, 80, announced his candidacy for the October elections, stating he is 'in great shape' despite pressure from the US Trump administration. He addressed a Worker's Party convention in Sao Paulo with around 3,000 attendees.

Five people died in Brazil after powerful winds caused chaos in Rio de Janeiro and parts of Sao Paulo state, leading to power outages, halted public transport, and fallen trees. The fire department reported two fatalities from a collapsed wall in the city.

Brazil's Cenipa released a final report on the 2024 Voepass Flight 2283 crash near Vinhedo, Sao Paulo, highlighting conflicting conclusions about the crew's use of the de-icing system. The report also points to a degraded safety culture at the airline and regulatory oversight gaps at Anac.

Brazilian air force investigators found that severe icing conditions, mechanical system failures, and pilot distractions contributed to the 2024 Voepass plane crash near Sao Paulo, which killed 62 people. The probe revealed recurring faults in the plane's de-icing system and a 'culture of normalizing deviations' at Voepass.

Brazilian air force investigators found that severe icing, mechanical system failures, and pilot distractions contributed to the 2024 Voepass plane crash that killed 62 people near Sao Paulo. The ATR 72-500 flight, traveling from Cascavel to Sao Paulo's international airport, encountered unrecoverable 'flat spin' due to ice accumulation and de-icing system faults.

Brazilian air force investigators found severe icing contributed to the 2024 Voepass airplane crash that killed 62 people near Sao Paulo. The accident occurred when the aircraft spiraled into a crash outside the city.

Brazil’s Supreme Court justice rejected a request for Argentine President Javier Milei to visit former President Jair Bolsonaro under house arrest. The decision cited a ban on political-electoral visits, and Milei is expected to attend a Liberal Party convention in São Paulo. A similar request by a U.S. State Department official was denied earlier this year.

LATAM has resumed direct winter flights from Sao Paulo to Ushuaia, Tierra del Fuego, offering four weekly frequencies after several years without regular services. The airline is operating nonstop flights from its main hub in Sao Paulo to the Ushuaia airport.

A new study maps schools near contaminated sites in poorer nations, revealing Brazil has very few such cases, with most located in São Paulo. The study highlights a lack of knowledge about schools situated near toxic sites in Brazil.

Brazil’s federal police detained a Spanish citizen at Sao Paulo’s Guarulhos airport for racism, the latest high-profile arrest of a foreign tourist under Brazil’s strict anti-racism laws, which carry penalties of two to five years imprisonment and fines. The incident occurred after a Latam Airlines flight crew from Sao Luis reported the case to authorities.

Three instructors were charged following the death of a woman who fell from the Ponte do Esqueleto in Sao Paulo, Brazil, during a bridge-jumping activity. The woman was not secured to a rope at the time of the incident.

A 21-year-old woman died after falling from a bridge during a rope jumping session in Brazil when instructors failed to secure her with safety equipment. Three men from the company offering the activity were arrested, and an investigation into potential murder charges is underway.

A woman died after being thrown from a bridge without a secured bungee cord in Brazil. A police vehicle was observed at a financial center in Sao Paulo, Brazil, on August 28, 2025.

Brazil's budget freeze has stalled the aircraft approval process. Azul SA's bankruptcy filing aims to restructure debt but may hinder its merger with Gol Airlines and weaken its competitive position against regional rivals that have already restructured.

Raizen SA has reached a $13 billion out-of-court debt agreement with creditors. The company's distribution center in Sao Paulo, Brazil, is mentioned in the article.

A socialite was found dead in a luxury hotel in Brazil after traveling to Sao Paulo for plastic surgery. The incident occurred at a high-end establishment, with no additional details provided in the content.

A socialite was found dead in a luxury hotel in Sao Paulo, Brazil, after traveling there for plastic surgery. The incident occurred at a high-end establishment, with no further details provided in the content.

Petrobras increased gasoline prices following the approval of subsidies in Brazil. A Petrobras gas station in Sao Paulo is mentioned in the article.

China's updated agricultural import rules are reshaping supply chains across Asia, with Chinese buyers in Brazil's Sao Paulo offering premiums for deforestation-free beef. The Tianjin Meat Industry Association is leading shifts in China's consumption patterns through targeted purchasing strategies.

Aegea Investors and Equatorial Bid are involved in a major deal in Brazil, while Sabesp has met its 2025 water targets and is nearing sewage goals, providing services to over 1.3 million people in the first half of 2025.

Raizen is seeking to win creditor support as bondholders hold out. The company is working to refuel at its distribution center in Sao Paulo. Raizen's efforts are crucial for its financial stability.

Rubens Ometto is considering buying Cosan farm assets instead of funding Raízen. Bank lending in Brazil has grown at the fastest annual rate since early 2016 due to record-low borrowing costs. This growth supports a gradual recovery in Latin America's largest economy.

UBS BB hires Mesquita as Head of ECM, a former Bradesco BBI banker, in Sao Paulo's financial district.

Petrobras missed profit estimates despite a war-driven oil rally. The company's fourth quarter results are expected to get a boost from production levels. Production remained in line with third quarter records.

Bradesco BBI expects a rebound in Brazil's IPO market after Compass' debut. The Brasil Bolsa Balcao stock exchange is located in Sao Paulo. This indicates a potential increase in initial public offerings in Brazil.

Compass has broken a 5-year IPO drought in Brazil with a $650 million offer, amidst a positive outlook for the Brazilian real currency. The real was one of the best-performing currencies in emerging markets in August. Traders are awaiting interest rate cuts, following minimal impact from the U.S. trade war.

Midea Group raises $2.2 billion in convertible bond sale, Chinese manufacturers increase focus on Latin America's largest economy after US President Donald Trump's election, Midea Group is a Chinese manufacturer of home appliances and electronic equipment.

Latam Airlines has changed its guidance on fuel cost despite experiencing a profit jump. The airline operates aircrafts at Congonhas Airport in Sao Paulo. This change in guidance may impact the company's future financial performance.

Brazil is nearing its China beef quota, indicating a significant shift in trade flows. This development may impact the global cattle industry. Brazil's cattle ranches, such as those in Sao Paulo state, are key players in this trade.

Raízen bondholders are demanding a $1.6 billion capital injection, coinciding with a proposed change in the company's chairman. The request highlights financial strain and leadership transition at the Brazilian energy firm.

Taylor Momsen, lead singer of The Pretty Reckless, was hospitalized due to a spider bite. She shared a photo showing the bite spreading up her leg. The incident occurred around the time of her performance in Sao Paulo on February 24.

Raizen SA's creditors are reportedly seeking a 90% equity stake in a debt swap due to financial strain from high interest rates, poor harvests, and underperforming investments. The company, backed by Cosan SA and Shell Plc, operates a major distribution center in Sao Paulo, Brazil.

The Brazil Deposit Guarantor is delaying a BRB loan decision due to risks associated with Banco Master. The situation involves a Banco de Brasilia branch in Sao Paulo, highlighting financial uncertainty in the region.

Brazil's Oncoclinicas, a healthcare provider, plans to file for creditor protection on Monday, indicating financial distress. The news comes amid ongoing challenges in the healthcare sector.