A Supreme Court docket choose ordered an investigation into potential insider buying and selling in Brazil’s foreign money markets across the announcement of US tariffs on Brazilian items. Justice Alexandre de Moraes issued the order on Monday in response to a request from Brazil’s legal professional basic based mostly on native media experiences of great … Read more
(Bloomberg) — Puma SE slashed its earnings forecast for the 12 months amid strikingly weak demand for its sports activities and athleisure merchandise and rising issues in regards to the potential impacts of US tariffs. The German firm now expects to report a loss in adjusted earnings earlier than curiosity and taxes this 12 months, … Read more
(Bloomberg) — Brazil’s WEG SA, a supplier of business equipment for world oil and energy firms, mentioned its purchasers are delaying long-term investments because of rising geopolitical tensions and new tariffs. Chief Monetary Officer Andre Luis Rodrigues mentioned the corporate is getting ready actions to mitigate potential US tariffs of fifty% on Brazil which can … Read more
