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Latin America Brazil

  • SAO PAULO/ RIO DE JANEIRO, Feb 20- Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer. Controlling shareholders grouped under holding company Valepar SA agreed to stay together for up to...

  • SAO PAULO, Feb 20- The Brazilian government has no available money to replenish depleted public stocks of food and will not buy staples such as grains anytime soon, despite an expected record crop this year, Agriculture Minister Blairo Maggi said on Monday.

  • SAO PAULO, Feb 20- Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer. In a Monday statement, Vale said controlling shareholders grouped under holding company Valepar SA agreed to renew an...

  • Traffic analytics firm Inrix has calculated how much time drivers spend stuck in traffic during peak travel times last year in 1,064 cities in 38 countries worldwide. Source: Inrix Inc., 2016 Global Traffic Scorecard. Does not include cities in Japan or China, where Inrix does not collect its own data.

  • DETROIT— When it comes to getting stuck in traffic on the way to and from work, Los Angeles leads the world. That topped second-place Moscow at 91 hours and third-place New York at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. San Francisco was the fourth-most congested city, while Bogota, Colombia, was fifth, Sao Paulo...

  • RIO DE JANEIRO, Feb 19- The largest shareholders of Vale SA have decided to dissolve an investment holding company through which they controlled the world's biggest iron ore producer for 20 years, newspaper O Globo reported on Sunday. The partners in Valepar SA, as the holding company is known, include Bradespar SA, Mitsui& Co., several Brazilian state-run pension...

  • SAO PAULO _ Gol Linhas Aereas Inteligentes SA on Friday reported a loss of $9.2 million in its fourth quarter. On a per-share basis, the Sao Paulo- based company said it had a loss of 26 cents. For the year, the company reported net income of $317.9 million, or $9.15 per share, swinging to a profit in the period.

  • ROSARIO, Argentina, Feb 16- When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to...

  • SAO PAULO, Feb 16- Banco do Brasil SA expects profit to surge this year, a sign the nation's largest state-controlled bank is reaping the benefits of Chief Executive Officer Paulo Rogêrio Caffarelli's steps to reprice older credits and toughen loan risk standards. The Brasilia- based lender on Thursday unveiled operational targets for this year that...

  • ROSARIO, Argentina, Feb 16- When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to...

  • SAO PAULO, Feb 16- Banco do Brasil SA expects profit to surge this year, a sign the nation's largest state-controlled bank is reaping the benefits of Chief Executive Officer Paulo Rogêrio Caffarelli's steps to reprice older credits and toughen loan risk standards. The Brasilia- based lender unveiled operational targets for this year on Thursday that...

  • ROSARIO, Argentina, Feb 16- When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. Increasing congestion on the Parana, which carries 80 percent of Argentina's grains exports, could hamper President Mauricio Macri's efforts to...

  • BRASILIA, Feb 15- Brazil's Lower House of Congress on Wednesday approved a bill that reopens a program providing an amnesty against criminal prosecution to Brazilians holding undeclared assets abroad if they pay tax and a fine. The bill, which was changed by the lower house, will return to the Senate for final approval. A group of governors met in Brasilia earlier...

  • Tareck El Aissami, vice president of Venezuela, attends a swearing in ceremony for the new board of directors of Petroleos de Venezuela SA (PDVSA), Venezuela's state oil company, in Caracas, Venezuela, on Tuesday, Jan. 31, 2017.

    The Treasury Department blacklisted Venezuelan Vice President Tareck El Aissami on Monday for alleged drug-trafficking.

  • LIMA, Feb 14- Peru will start the bidding on a nearly 100- year old polymetallic smelter and a copper mine at about $270 million in a March 10 auction, the government said on Tuesday. The La Oroya smelter in Peru's central Andes is seen as being worth $334 million and the Cobriza copper mine $71 million, according to the energy and mines ministry.

  • Pedestrians walk in front of an electric quotation board flashing share prices of the world, including the Nikkei key index of the Tokyo Stock Exchange (top C), in Tokyo on February 10, 2017.

    The focus on the breakout in U.S. stocks is overshadowing an equally important event: a global stock market breakout.

  • SAO PAULO, Feb 14- On a Thursday night last September, Uber driver Osvaldo Luis Modolo Filho accepted a ride request from a teenage couple on the eastern edge of Sao Paulo, to be paid in cash. Uber said Modolo Filho was its first driver to be murdered in Brazil. A Reuters analysis of crime data obtained by public information request from Sao Paulo's state security...

  • SAO PAULO, Feb 14- On a Thursday night last September, Uber driver Osvaldo Luis Modolo Filho accepted a ride request from a teenage couple on the eastern edge of Sao Paulo, to be paid in cash. Uber said Modolo Filho was its first driver to be murdered in Brazil. A Reuters analysis of crime data obtained by public information request from Sao Paulo's state security...

  • BRASILIA, Feb 13- Brazilian Finance Minister Henrique Meirelles plans to submit to Congress this week a bill to help shore up the finances of states suffering a crippling fiscal crisis. Meirelles said on Monday the approval of the new bill is needed for the federal government to honor a rescue program to suspend debt payments from the state of Rio de Janeiro.

  • SAO PAULO, Feb 13- State-controlled insurance holding company BB Seguridade Participações SA on Monday forecast slower profit growth this year, reflecting the impact of Brazil's harshest recession ever and a rapid decline in interest rates. The outlook reflects Chief Executive Officer Jose Mauricio Coelho's challenge of increasing BB Seguridade's...