Bloomberg Business

Americanas Implosion Prompts Banks to Set Aside $1.8 Billion

Brazil’s largest publicly-traded banks have set aside 9.3 billion reais ($1.8 billion) for potential losses tied to the collapse of retailer Americanas SA, which is adding to an increasingly complicated credit environment in the South American nation.

Turkey to Temporarily Suspend Some Gold Imports After Quakes

Turkey will suspend some gold imports as part of an emergency plan to mitigate the economic fallout from twin earthquakes that hit the country’s southeast last week, according to an official with direct knowledge of the matter.

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