Latin America Brazil

More

  • AMSTERDAM— Amsterdam's Schiphol Airport has suddenly boosted its security in a move authorities there have linked to the "national threat level," snarling traffic as military police check cars coming to drop passengers off. An employee working at the airport told The Associated Press the move followed an unspecified threat. Saturday is one of the busiest days...

  • HONG KONG, July 30- Fosun Group said on Saturday it has agreed to buy Brazilian fund manager Rio Bravo Investimentos, in the Chinese conglomerate's first acquisition in Latin America. Fosun did not disclose the value of the deal, but said in a statement that it expects to take advantage of the "exceptional period of change and economic renewal" taking place not only...

  • SAO PAULO, July 29- Brazil's former President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO...

  • SAO PAULO/ MEXICO CITY, July 29- The Brazilian real strengthened on Friday, closing 1.63 percent higher against the dollar as the country's central bank refrained from intervening to curtail a rally triggered by lower expectations of U.S. rate increases this year. Also boosted by the U.S. data, the Mexico peso gained 0.69 percent to close at 18.76 pesos per dollar.

  • Since debuting to wild adulation in the U.S., Australia and New Zealand this month, the game from Google spinoff Niantic Inc. has spread like wildfire, launching in more than 30 countries or territories— but not Brazil. Even Rio Mayor Eduardo Paes went to Facebook to urge Niantic investor Nintendo to release the game in Brazil. One video circulating virally, with...

  • SAO PAULO, July 29- Brazil's ex President Luiz Inacio Lula da Silva and the former chief executive of investment bank Grupo BTG Pactual SA will stand trial for obstruction of justice, documents from a federal court in Brasilia showed on Friday. The case dates to last November, when former Senator Delcidio do Amaral and Andre Esteves, the founder and former CEO of...

  • *Statoil hopes Carcará will replace Norway output in 2020 s. RIO DE JANEIRO/ OSLO, July 29- Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan and repair its battered finances. Petrobras Chief...

  • RIO DE JANEIRO, July 29- Ambev SA, a subsidiary of beverage company Anheuser Busch Inbev SA, missed quarterly profit estimates and gave up on expanding sales in Brazil this year, sending its shares to their lowest point in nearly seven months. The company is likely to struggle for the next two quarters as Brazil grapples with its worst recession in eight decades,...

  • OSLO, July 29- Norway's Statoil agreed on Friday to buy Petrobras' stake in an exploration licence off Brazil for $2.5 billion, a rare deal in an oil industry struggling with low prices. The purchase of the 66 percent stake from Brazil's state-led Petroleo Brasileiro SA will help Statoil secure future production as output from its mature fields declines.

  • SAO PAULO _ BRF SA on Thursday reported second-quarter earnings of $8.8 million. On a per-share basis, the Sao Paulo- based company said it had net income of 1 cent. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAO PAULO _ Embraer SA on Friday reported a second-quarter loss of $99.4 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Embraer shares have declined 28 percent since the beginning of the year.

  • SAO PAULO _ Ambev SA on Friday reported second-quarter net income of $582.4 million. The Sao Paulo- based company said it had profit of 4 cents per share. Ambev shares have climbed 32 percent since the beginning of the year.

  • SAO PAULO, July 28- Shares in Banco Bradesco SA sank on Thursday as a grimmer outlook for loan-loss provisions this year reignited concerns that a harsh recession and a deluge of refinancing requests may hamper profits at Brazil's No. 3 listed lender. The Osasco, Brazil- based bank earned recurring net income of 4.161 billion reais last quarter, below the...

  • SAO PAULO, July 27- The public federal prosecutor in the Brazilian state of Amazonas said on Wednesday the court there froze 38 million reais of funds held in Facebook Inc's account for failing to comply with a court order to supply data on users of the company's WhatsApp messaging service who are under criminal investigation. In the most recent decision, the...

  • SAO PAULO, July 27- The Brazilian real and Bovespa stock index were stable on Wednesday, after a session in which traders were attentive to a meeting of U.S. Markets were mostly untroubled by news that Japan will announce a $265 billion stimulus package next week, ramping up pressure for the central bank to announce complementary monetary easing following a...

  • NEW YORK, July 27- Comcast Corp reported a 5 percent drop in quarterly earnings on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units. Shares of the largest U.S. cable and high-speed internet provider were up about 1.1 percent at $67.92 in afternoon...

  • NEW YORK, July 27- Comcast Corp reported a 5 percent drop in quarterly earnings on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units. Second-quarter revenue rose 2.8 percent to $19.27 billion from a year earlier and slightly exceeded the analysts'...

  • decision@ SAO PAULO, July 26- The Brazilian real appreciated and the Mexican peso was stable on Tuesday, ahead of a policy decision by the U.S. Mexico's stock index fell 0.43 percent, dragged down and retailer Wal-Mart de Mexico. A slight dip in Brazil's benchmark Bovespa index was led by a drop in the shares of oil giant Petrobras and banks.

  • BRASILIA, July 26- Brazil's current account deficit came in much larger than expected for June as a stronger real reduced the gains of local exporters, central bank data showed on Tuesday. The commodity-exporting nation recorded a currency account gap of $2.479 billion, a bigger shortfall than the $1.5 billion expected by economists in a Reuters poll.

  • A doctor performs physical therapy on an infant born with microcephaly in Recife, Brazil.

    Only an estimated 3 to 37 people out of thousands of travelers to the Olympics are projected to return infected with Zika, according to a new study.