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GRO News30 articles
Zelda Preorder Frenzy in Brazil Tests Nintendo's Switch 2 Software Momentum
Nintendo's limited Zelda: Ocarina of Time preorders in Brazil sold out in about 10 minutes, but shares fell 1.46%. The sellout tests software demand as Switch 2 hardware shipments decline.
SLB gains as Brazil survey fuels digital growth optimism
SLB closed up 0.7% at $52.12, buoyed by its Amapá survey near Petrobras's Morpho discovery. Digital revenue grew 18% YoY, supporting a Buy consensus.
EDPR Shares Climb 2.2% as Investors Eye Pending Brazil Deal Closure
EDP Renewables (EDPR) rose 2.2% on Monday, yet remains 8.45% below its 52-week high. The pending Brazil disposal, expected to close in Q4, is crucial for debt reduction and earnings growth.
Geely Cuts EX2 Price in Brazil as 35% EV Tariff Nears
Geely Auto (HKG:0175) launches a Brazilian direct-sales program with a 7% discount on its EX2 EV, as a 35% import tariff raises the stakes for local production. Shares have slipped 9% in a month despite strong export growth.
Nu Holdings Surges 6.5% as Foreign Inflows Lift Brazilian Bank Stocks
Nu Holdings (NU) jumped 6.5% as foreign capital inflows fueled a rally in Brazilian bank stocks, with shares reaching $15.62 premarket. The fintech's Q2 ROE hit 33%, but rising delinquencies pose risks.
Ambev ADRs Surge 3.5% on Brazilian Market Rally
Ambev ADRs climbed 3.5% on a broad Brazilian market rally, with the real's strength driving most gains. Q2 results showed solid growth, but analyst targets imply modest upside.
Ambev ADR Edges Up on Brazil Beer Volume Gains
Ambev's ADR gained 0.7% after Brazil beer volume rose 5% in Q2, supporting margin expansion. EBITDA margin widened 110 bps.
Ambev ADRs Close Higher as Brazil Beer Strength Drives Q2 Earnings
Ambev ADRs closed the week up 1.6% as Brazil Beer EBITDA surged 12.8%, lifting Q2 results. Organic EBITDA grew 8.9%, though FX pressures continue.
Nu Holdings Faces Credit Quality Test as Stock Lags Brazilian Rivals
Nu Holdings (NU) shares trailed Brazilian fintech peers last week. Q1 credit surged 40% but risk-adjusted margins fell, raising concerns ahead of Q2 earnings on Aug. 13.
Nu Holdings Shares Rise on Brazil Bank License, Lower Regulatory Risk
Nu Holdings shares advanced in U.S. premarket trading after the company secured a bank license in Brazil, a move that diminishes regulatory risk for the digital lender.
Nu Holdings Rises on Brazil Bank License; Valuation Premium Grows
Nu Holdings shares surged 6.8% in three sessions, supported by a Brazil bank license deal with no additional capital needs, while Mexico banking transition progresses.
Nu Holdings gains after acquiring Brazil bank license in capital-neutral deal
Nu Holdings (NYSE:NU) shares rose 2.9% on Tuesday after the company agreed to acquire Banco Porto Real, gaining a Brazilian banking license without additional capital or liquidity obligations.
Nu Holdings Acquires Banco Porto Real for Brazilian Banking License
Nu Holdings acquires Banco Porto Real for a Brazilian banking license. The deal is regulatory, not expansionary, with minimal financial impact.
Brazil Defers Gasoline Subsidy Removal, Fueling Fiscal Jitters
Brazil delays decision on gasoline subsidy removal until next week, prioritizing rural debt restructuring and citing Iran conflict uncertainty, reigniting market inflation and fiscal worries.
Bradesco Preferred Shares Unchanged as Brazil Central Bank Cuts Selic to 14.25%
Bradesco's preferred shares closed unchanged at R$17.47 after Brazil's central bank cut rates to 14.25% but signaled caution. Investors balance profit recovery against higher loan-loss provisions and inflation risks.
Nu Holdings Rises Premarket on Brazil Rate Cut, Buyback in Focus
Nu Holdings shares gained 1.3% premarket to $12.89 after Brazil's central bank cut the Selic rate to 14.25%, reviving investor interest as they weigh a $1B buyback and credit challenges.
Bradesco Shares Surge on Brazil Market Rebound, Strong Q1 Earnings
Bradesco shares climbed on a broad Brazil market recovery, with the bank posting strong first-quarter earnings. Insider selling was reported, but the controlling group's stake remained unchanged.
Azul Logística Slashes Brazil Cargo Transit to 3-4 Days
Azul Logística launches dedicated Campinas-Porto Velho freighter route, cutting delivery times to Brazil's North from over 10 days to 3-4 days, as part of post-bankruptcy 'responsible growth' strategy.
Nu Holdings Slips on BofA Downgrade Amid CFO Departure and Brazil Credit Concerns
Nu Holdings dropped 6.3% after BofA downgraded the stock to Underperform, citing CFO Guilherme Lago's departure and rising credit risks in Brazil. New CFO Rob Livingston will take over on July 13.
Ambev Shares Hold Ground as Brazilian Trading Resumes Before US Holiday
Ambev's São Paulo shares edged down 1.83% on Friday but posted a 2.6% weekly gain, supported by strong Q1 earnings. With US markets closed for Memorial Day, Brazilian trading offers an early test for the stock.
Bradesco Shares Decline Ahead of GDP Data; Brazil Bank Rally Stalls
Bradesco's preferred shares fell 1.56% as Brazil's banking sector rally stalled. Q1 recurring net income rose 16.1%, but GDP data due May 29 could test the recovery.
Bradesco Stock Climbs 3.28% as Brazil Bank Rally Faces Key Credit Test
Banco Bradesco preferred shares rose 3.28% to R$17.96 on Wednesday, outperforming the Ibovespa, as Q1 net income climbed 16.1% but loan-loss provisions jumped 26.5%. The bank's rally faces a test from rising delinquencies and high interest rates.
Vale Outperforms Slumping Brazil Market on Iron Ore Strength
Vale shares rose 0.76% in São Paulo on Friday, outperforming the falling Ibovespa, as iron ore prices held near 52-week highs and the company projected $1.5 billion in additional free cash flow from its iron ore unit in 2026.
Bradesco Shares Slip as Credit Concerns Weigh on Brazil's Market
Bradesco preferred shares declined 4.84% over the past week to R$17.69, as rising credit costs and political uncertainty offset a 16.1% increase in first-quarter net income.
UBS Maintains Sell on Ambev Despite Record Brazil Beer Volumes
Ambev shares edged down 0.25% after UBS raised its price target but maintained a Sell rating, as record Brazil beer volumes and strong cash flow were offset by rising costs and competitive pressures.
Ambev's Share Buyback Surge Faces Brazil Cost and World Cup Hurdles
Ambev bought back 24 million common shares in April, raising treasury stock to 190.97 million. Analysts' 2026 forecasts remain unchanged, focusing on Brazil beer costs and World Cup demand.
Brazil's IPO Market Eyes Revival with Cosan's $5.1B Compass Listing
Cosan SA is moving forward with a secondary offering of Compass Gás e Energia shares, targeting up to R$5.1 billion to reduce debt, potentially reviving Brazil's IPO market.
TikTok Seeks Brazil Fintech Entry, Challenging Nubank's Dominance
TikTok is moving into Brazil's financial services sector, applying for licenses to offer payments and credit. This development introduces a significant new competitor for Nu Holdings' Nubank, which currently dominates the digital banking space in the region.
Brazil Freight Fines Pressure Ambev Amid Rising Cost Outlook
Ambev's U.S.-listed shares fell after Brazil imposed fines for minimum freight-price violations, reviving concerns over logistics costs. The brewer forecasts Brazil beer production costs to increase 4.5%-7.5% in 2026.
UBS Upgrades Nu Holdings on Brazil Rate Cut and Profit Momentum
Nu Holdings shares advanced after UBS upgraded the stock to Buy, highlighting robust profit growth and improved loan metrics. The move follows Brazil's first interest rate cut in over a year.