Brazil banks could pay over £827m for Havaianas maker

Brazil’s banking clans could to pay over £827m 3.5bn reals for Shares in Havaianas flip-flop maker Alpargatas for a majority stake in Havaianas. Proceeds from a sale of Alpargatas, whose shares are up sharply this year, could help pay down the heavy debt load of owners, who are also implicated in a corruption scandal. Cambuhy Investimentos…

16 died in US military plane crash

Sixteen people have died after a  C-130, US military plane crashed in the  LeFlore County, the southern state of Mississippi 100 miles north of Jackson, the state capital, at around 16:00 local time ( 21:00 GMT) on Monday 10th July 2017. All the victims were on the Marine Corps aircraft died according to the LeFlore…