On Tuesday, Shares of Ambev SA (ADR) (NYSE:ABEV), lost -6.29% to $4.77. The stock attained the volume of 72.88 million shares.
The year-to-date (YTD) performance reflected a -23.31% below last year. During the past month the stock loses -2.65%, bringing three-month performance to -23.68% and six-month performance to -24.04%. The stock holds the market capitalization of $74.89 billion.
Ambev’s stock closed lower, after Brazil’s real weakened on disappointing economic data from China and political turmoil at home.
The Brazilian real led losses among the world’s 16 biggest currencies, down 2.4% to 3.8658 per dollar this afternoon and 31% this year, Bloomberg reports.
Weighing on the real, Brazil’s top trading partner China declared its imports declined for an eleventh straight month in September. Brazil is presently facing its longest recession since the 1930’s, as weak demand from China pushes commodities prices lower.
Ambev S.A., through its auxiliaries, produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. The company operates through Latin America North, Latin America South, and Canada segments.
Shares of Alcatel Lucent SA (ADR) (NYSE:ALU), dropped -2.43% to $3.62, during its last trading session.
Global Convergence Inc. (GCI) declared it has signed a global master distributor agreement with Nuage Networks, the Alcatel-Lucent (EURONEXT PARIS: ALU) and (ALU.PA) venture, to meet the growing demand for its software-defined networking (SDN) solutions around the world. GCI will offer the full Nuage Networks portfolio, which comprises the Virtualized Services Platform (VSP), Virtualized Network Services (VNS) and Virtualized Services Assurance Platform (VSAP).
Nuage Networks SDN overlay assists large enterprises simplify network operations, deploy applications with more agility and adapt network services instantaneously to match rapidly changing IT demands in a secure multi-vendor cloud environment. It allows enterprises to maintain visibility and control within and across their data centers, extending to their remote locations.
The distribution agreement will connect Nuage Networks to GCI’s extensive base of channel partners with expertise in providing data center and cloud solutions on a global basis. Channel partners will also have access to GCI’s ProvisionPlus℠ global services offering, designed to aid them in deploying Nuage Networks solutions and to provide a fast enablement path to market.
Alcatel-Lucent provides Internet protocol (IP) and cloud networking, and ultra- broadband access worldwide. The company’s Core Networking segment offers IP routing, carrier Ethernet, network functions virtualization, and software defined networking applications and infrastructure to meet the challenges of network traffic growth while supporting the delivery of cloud-enabled business, mobile, and residential services for service providers, mobile network operators, cable/multiple system operators, transportation, utilities, and large-scale enterprises.
Finally, Paypal Holdings Inc (NASDAQ:PYPL), ended its last trade with 1.81% gain, and closed at $33.22.
PayPal declared the expansion of Return Shipping on Us, a service that refunds return shipping costs to consumers on eligible online purchases using PayPal from around the globe. The service will now be accessible to PayPal users in the United States, in addition to the nearly 40 markets in which it already exists. The service has already been successfully tested across the globe in countries such as Australia, France, Italy, Spain and others, with millions of PayPal users opted-in to enjoy the benefits of Return Shipping on Us.
This offering comes at a critical time with the start of the holiday shopping season. For the last several years, PayPal’s transaction data saw spikes occurring on September 30th indicating that shoppers are starting their holiday shopping much sooner than Black Friday.
According to a PayPal and Ipsos’ cross border study, overall e-commerce spending is predictable to grow by 10 percent in 2015 to $50 billion, but many shoppers are discouraged by added shipping costs. High return shipping costs are discouraging more than half of online shoppers globally from making repeat purchases and 48 percent of American shoppers view free return shipping as a necessity when purchasing online.
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
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