Kroton sees no relief in Brazil distance-learning defaults

  SAO PAULO, Aug 11 (Reuters) – The number of Brazilian distance-learning students in arrears on their tuition fees or loans is not showing signs of abating yet, reflecting record unemployment and declining household income, executives at Kroton Educacional SA said on Friday. However, defaults in the campus-learning segment are showing signs of improvement, executives led by Chief Executive Officer Rodrigo Galindo said during a conference call to discuss second-quarter results. Profit at Kroton, Brazil’s largest for-profit education firm, came in at 644.9 million reais ($203.1 million), beating forecasts. (Reporting…

Read More

Distance learning helps to keep Brazil moving forward

Brazilian rugby is enjoying a new era, and one that extends beyond the boundaries of South America. Until November Brazil had never toured outside of the region but they are now heading off on their travels again, less than four months after their three-week tour of Europe which produced back-to-losses to Germany and a narrow defeat to Portugal, for their second-round encounter against USA in the Americas Rugby Championship. Having seen off Chile on home soil in Sao Paulo, Brazil take on the Eagles in Houston, Texas, on Saturday 11…

Read More