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Montevideo, March 29th 2024 - 14:00 UTC

 

 

Brazilian recession begins to hit US companies profits and shares

Tuesday, October 13th 2015 - 07:00 UTC
Full article 12 comments

Agricultural giant FMC is the latest company to warn about operations in Brazil and now the stock is crashing. On Monday the $5 billion agricultural company announced that it would lay off 800-850 people — saving the company about $150 million a year by 2017 — while also cutting its profit outlook for the third quarter and all of 2015. Read full article

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