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Brazilian court ends Americanas judicial recovery

Original: amer3

A Rio de Janeiro court has declared the end of Americanas' judicial recovery process, marking a new chapter for the Brazilian retailer after its 2023 accounting scandal. Separately, Bradesco's CEO cited a widespread rise in defaults, sending the bank's shares down in trading. Investors are watching both developments closely as they signal lingering stress in Brazil's retail and credit sectors.

Why now: A court ruling ending Americanas' restructuring and warnings about rising defaults are fresh news affecting major Brazilian companies and markets

AmericanasBradescoRio de Janeiro

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