SINGAPORE: The rapid expansion of Sea Ltd’s Shopee e-commerce platform in Brazil has emerged as the latest threat for the country’s retailers, posing a risk to any recovery in their battered shares. Retailers Americanas SA, Magazine Luiza SA and Via SA have all extended losses this year after slumping at least 58% in 2021, while an MSCI index for consumer-discretionary company shares trades near the lowest since 2004. The weakness has been driven by tepid economic growth prospects in Brazil, ant

SINGAPORE: Sea Ltd, once the hottest stock in the world, has lost more than US$ 130bil( RM545. 09bil) in market value from its peak last year after a disappointing earnings report that added to its woes. The Singapore-based company gave a muted forecast for its digital entertainment unit and its shares fell 13% in United States trading.... That cut US$ 11bil( RM46. 12bil) from its market valuation, pushing its total decline to US$ 132bil( RM553. 4bil) from its high in October. Investors balked

Software company Globant SA’s sleek office in downtown Buenos Aires features open floor plans, curvy desks and sweeping views across the river to Uruguay.... But it has happened “ without putting a gun to the head of anybody ”, he said. Migoya said his initial impulse was: “ Let’s make everybody come back.” But he’s settled on a softer sell that includes making offices more flexible and welcoming.... — BloombergGlobant’s lack of return-to-office policy contrasts with the approach of Apple Inc,