In the World

DIA supermarkets

DIA closes 60% of shops in Brazil due to persistent negative results, focus now on more profitable São Paulo area

Renta 4| According to a Relevant Fact issued in the Spanish National Securities Market Commission (CNMV) and a letter from its CEO, Martín Tolcachir, DIA has announced the closure of 343 of its 590 shops in Brazil, in addition to three warehouses. The Company takes the decision as part of the strategic review of the business in the country, already announced at its results conference on 29 February, and as…

Read More

china WTO

China’s 5% target confirmed in the Two Sessions, but how to get there?

Alicia García Herrero (Natixis)| Not surprisingly, the Chinese government has set a high growth target of 5% for 2024, mirroring last year’s. The move is consistent with the market expectation, but achieving the goal is not without challenges, at least when using the early indicators for the first quarter, especially PMI numbers. China’s official manufacturing and non-manufacturing PMIs stood at 49.1 and 50.8 on average, respectively, over the past three months…