Express Purse: BRMalls numbers reflect crisis; BB studies credit to hydropower

The Q3 earnings release continues mirroring the downturn in the economy. Monday, BR Malls, one of the largest shopping center management of the country, showed figures that point to more closed stores and slowing sales. But Brazil's Bradesco is considering crea loan credit insurance ting a consortium of banks to finance the hydro auction winners sche loan credit insurance duled for November.

Check below, which made news in the business world on Monday (26):

The crisis, she always - BR Malls, one of the largest shopping center operators in the country, released part of its operating results for the 3rd quarter. And circled crisis, cheeks, its corridors: sales in same stores increased by 2.3%. This is the fourth consecutive quarter of slowing this indicator. In the same period last year, the increase was 4.4%. Already the default rate has more than doubled in the same period: from 1.1% to 2.6%. And the occupancy rate fell from 97.1% to 96.8%.


That force - The Bank of Brazil is negotiating with other institutions to create a consortium to finance the hydro auction winners, scheduled for November 6. It is expected that the dispute income R $ 17 billion. BB considers the credit industry a "good deal and guaranteed return."

Poll - Still on the Bank of Brazil, the institution expects the Seven Brazil close an agreement with creditors this year. The company empepinada probes for oil exploration, paralyzed by Operation Lava Jet owes about $ 3.6 billion to the Bra loan credit insurance desco, Santander, Caixa, Itau and Banco do Brasil.

Yeast - The M. Dias Branco earned R $ 165 million in the 3rd quarter. This is an increase of 11% over the same period last year. Net revenue rose 4.4% to R $ 1.3 billion. According to the company, the result was obtained thanks to a "more aggressive" policy of promotions and discounts. One of the largest pasta makers and cookies in Brazil, the company suffered from rising production costs because of the dollarized inputs like wheat.