Latest Sao Paulo News

Strike over privatizing Sao Paulo public transport causes crowds, delays in metro area of 20 million

Nov. 28, 2023 10:23 AM EST

RIO DE JANEIRO (AP) — Long lines appeared in Sao Paulo’s bus and subway stations Tuesday as a strike opposing privatization efforts of public transport in South America’s largest city caused delays. Traffic on some routes stalled completely in the metropolitan area of 20 million people. ...

Brazilian police bust international drug mule ring in Sao Paulo

Nov. 23, 2023 16:13 PM EST

RIO DE JANEIRO (AP) — Police in Sao Paulo on Thursday detained more than 30 individuals belonging to what appeared to be a drug mule ring in the city’s western area, authorities said. Officers arrested a 24 year-old man and detained 33 other individuals who were transporting...

BRF: Q3 Earnings Snapshot

Nov. 13, 2023 18:44 PM EST

SAO PAULO (AP) — SAO PAULO (AP) — BRF SA (BRFS) on Monday reported a loss of $79.3 million in its third quarter. The Sao Paulo-based company said it had a loss of 5 cents per share. The chicken, beef and pork producer posted revenue of $2.83 billion in the period....

XP Inc.A: Q3 Earnings Snapshot

Nov. 13, 2023 17:32 PM EST

SAO PAULO (AP) — SAO PAULO (AP) — XP Inc.A (XP) on Monday reported profit of $222.7 million in its third quarter. On a per-share basis, the Sao Paulo-based company said it had net income of 40 cents. Earnings, adjusted for stock option expense, were 43 cents per share. ...

Live updates | More Palestinians fleeing combat zone in northern Gaza, UN says

Nov. 08, 2023 21:40 PM EST

The pace of Palestinian civilians fleeing the combat zone in northern Gaza has picked up as Israel’s air and ground campaign there intensifies. The pace appeared to be greater Wednesday, after the U.N. Office for the Coordination of Humanitarian Affairs said about 15,000 people fled Tuesday,...

Banco Itau: Q3 Earnings Snapshot

Nov. 06, 2023 19:31 PM EST

SAO PAULO (AP) — SAO PAULO (AP) — Itau Unibanco Holding S.A. (ITUB) on Monday reported net income of $1.71 billion in its third quarter. The bank, based in Sao Paulo, said it had earnings of 17 cents per share. The financial holding company posted revenue of $17.84...

Hundreds of thousands still in the dark three days after violent storm rakes Brazil's biggest city

Nov. 06, 2023 17:08 PM EST

RIO DE JANEIRO (AP) — At least 400,000 customers in Brazil's biggest city still had no electricity Monday, three days after a violent storm plunged millions into darkness around Sao Paulo, the power distribution company Enel said. The storm, with winds of up to 100 kph (62 mph),...

One-armed table tennis player eyes both Olympics and Paralympics

Nov. 02, 2023 22:09 PM EDT

SANTIAGO, Chile (AP) — Bruna Alexandre wants to break barriers and spend a lot of time in Paris next year. The one-armed table tennis player, who starts competing at the Pan American Games on Thursday, is trying to make Brazil's team for both the Olympics and the Paralympics in...

Telefonica Brasil: Q3 Earnings Snapshot

Oct. 31, 2023 18:14 PM EDT

SAO PAULO-SP, Brazil (AP) — SAO PAULO-SP, Brazil (AP) — Telefonica Brasil SA (VIV) on Tuesday reported profit of $301.6 million in its third quarter. The Sao paulo-Sp, Brazil-based company said it had net income of 18 cents per share. The telecommunications company...

Ambev: Q3 Earnings Snapshot

Oct. 31, 2023 05:58 AM EDT

SAO PAULO (AP) — SAO PAULO (AP) — Ambev SA (ABEV) on Tuesday reported third-quarter profit of $801.6 million. On a per-share basis, the Sao Paulo-based company said it had net income of 5 cents. The beverage company posted revenue of $4.16 billion in the period. ...