Bloomberg Brazil’s central bank refrained from providing guidance on its easing cycle beyond its next policy meeting in December, opting instead to signal it will remain cautious in efforts to add stimulus to a weak economy. A benign consumer price outlook should allow for another rate cut “of the same magnitude” next month, the central bank board wrote in the …

Bloomberg Goldman Sachs Group Inc, stung by losses in Uber Technologies Inc and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing on whether companies can translate top line expansion into profitability, Chief Executive Officer David Solomon said in a wide-ranging …

Bloomberg Air France-KLM Chief Executive Officer Ben Smith has a long flight ahead in convincing investors the carrier can raise profitability and regain market share lost to rivals. Canadian-born Smith on Tuesday unveiled a five-year plan that would see the airline fatten margins and resume paying a dividend at an unspecified date. The last was in 2008, when the financial …