Bloomberg Brazil shed more than 100,000 formal jobs in March as a second year of recession pummels a labour market that’s not expected to improve in 2016 regardless of how President Dilma Rousseff’s impeachment process plays out. The March result of 118,776 jobs lost marked the 12th straight month of employment decline, the longest run of negative prints since ...

  Bloomberg Citigroup Inc. and U.S. Bancorp agreed to sell their Brazilian credit-card joint venture to Stone Pagamentos SA, according to an e-mailed statement from the Sao Paulo-based payments company. The deal gives the venture, Elavon do Brasil Solucoes de Pagamento SA, an enterprise value of more than 300 million reais ($84 million), according to a person familiar with the ...

  Bloomberg Mexichem SAB and Empresas ICA SAB fell the most on Mexico’s benchmark index after a deadly blast at a petrochemical plant where both companies had operations. Mexichem dropped 3.4 percent, capping a two-day decline of 8.4 percent after the on Wednesday explosion at a facility the company co-owns about 600 kilometers from Mexico City. ICA, which was upgrading ...