Latin America Brazil

More

  • SAO PAULO, July 22- Goldman Sachs Group Inc will invest 600 million reais in Brazilian storage company Metrofit over the next 6 years, betting on a recovery from the harshest recession since the 1930 s, a company executive said on Friday. The self storage business is growing in Brazil, despite the recession. Metrofit's competitors GuardeAqui, controlled by Sam...

  • *Arrests in Brazil raise risk aversion. Treasury long-dated debt yields fell from multi-week highs on Thursday, tracking declines in U.S. equities, as risk aversion crept back into the market with earnings disappointment at U.S. tech company Intel and news of arrests over an alleged terror plot in Brazil. Treasury prices also attracted bids on news that Brazil...

  • July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...

  • BRASILIA, July 20- Brazil's central bank kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as a new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms. In a longer and more detailed decision statement than in the past, the central bank said its...

  • BRASILIA, July 20- Brazil kept interest rates on hold for the eighth straight time on Wednesday as expected, in the first decision of a new central bank board that said it was too soon to cut rates despite a crippling recession. "The text format changed completely, but the main message remained the same: The conditions for interest rate cuts are not there yet and it...

  • SAO PAULO, July 20- Large private and foreign groups will displace Brazil's state-led power companies in upcoming energy auctions, causing consumer electricity bills to rise as the BNDES development bank cuts long-standing loan subsidies for the domestic industry. Analysts say greater participation of foreign investors and lenders will make Brazil's...

  • NEW YORK— Spooked by headlines about Zika, terrorism and mass shootings? Standard travel insurance may cover trip cancellations if a terror attack takes place shortly before your arrival, according to Rachael Taft of SquareMouth.com, a travel insurance comparison site. For example, depending on the policy, insured travelers cancelling trips to Nice, France,...

  • July 20- From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. Farms in the United States, the Black Sea region, Europe and Australia have had bumper harvests, which are likely to push global...

  • July 20- From the heart of the U.S. big farm belt to Colombia, Vietnam and Indonesia, livestock producers are snapping up wheat damaged by bad weather or low in protein, providing pigs and poultry with grain more often milled for making bread. Farms in the United States, the Black Sea region, Europe and Australia have had bumper harvests, which are likely to push global...

  • WEDNESDAY, JULY 20 BEIJING- World Bank Group President Jim Yong Kim to visit China. THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT.

  • SAO PAULO, July 19- Brazil's telecommunications industry watchdog Anatel proposed on Tuesday a list of four candidates to become the in-court administrator of phone carrier Oi SA, which last month filed for the nation's biggest-ever reorganization. Brasilia- based Anatel picked Alvarez& Marsal Holdings LLC, BDO LLP, Deloitte& Touche LLP and...

  • Federal Supreme Court President Ricardo Lewandowski said in a decision that it seemed "scarcely reasonable or proportional" for a judge in Rio de Janeiro state to have ordered the indefinite suspension of the messaging app until it revealed encrypted messages pertaining to a confidential case. Still, the criminal judge left some 100 million Brazilian users...

  • SAO PAULO, July 19- Brazil's state-controlled Petróleo Brasileiro SA is inclined to restart the process of selling part of BR Distribuidora SA, a source with direct knowledge of the matter said, as a recent bidding round put a low price tag on the fuel distribution unit. The three bidders were global energy and commodity trading company Vitol BV and...

  • SAO PAULO, July 19- A Brazilian judge ordered an indefinite suspension of Facebook Inc's WhatsApp on Tuesday after it failed to cooperate in a criminal investigation, the third such incident involving the popular phone messaging app since December. The office of Judge Daniela Barbosa Assunção de Souza in the state of Rio de Janeiro said the order, affecting...

  • SAO PAULO, July 19- A Brazilian judge ordered wireless phone carriers to block access to Facebook Inc's WhatsApp indefinitely, starting on Tuesday, the third such incident against the popular phone messaging app in eight months. The decision by Judge Daniela Barbosa Assunção de Souza in the southeastern state of Rio de Janeiro applies to Brazil's five...

  • RIO DE JANEIRO— The chief justice of Brazil's Supreme Court quickly struck down a lower court decision that had blocked the WhatsApp messaging service nationwide for several hours Tuesday, affecting almost 100 million users. Chief Justice Ricardo Lewandowski ruled on a motion filed by a political party seeking to have the Rio de Janeiro judge's order thrown...

  • The Olympic flag and Russian flag are raised as the Russian National Anthem is sung during the 2014 Sochi Winter Olympics Closing Ceremony at Fisht Olympic Stadium on February 23, 2014 in Sochi, Russia.

    More than 400 Russian Olympic athletes will learn Tuesday whether they are banned from the Rio Summer Olympics, NBC News reported.

  • The Christ the Redeemer statue, with the Maracanã Stadium in the background, Rio de Janeiro

    Brazil is notorious for its large concentration of hackers. Fears are mounting that there could be large-scale breaches at the Rio Olympics.

  • TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT. ANKARA- Turkey central bank monetary policy meeting- 1100 GMT. PRETORIA- South African Reserve Bank starts its three-day monetary policy committee meeting.

  • LIMA, July 18- A World Bank panel rejected a lawsuit filed against Peru which charged the nation with failing to clean up pollution tied to a smelter, the government said on Monday, but the company bringing the suit pledged to refile it immediately. New York- based Renco Group Inc sued Peru for $800 million in 2011, accusing it of failing to clean the soil around the La...