Latin America Brazil

  • High wire act risk

    If hedge fund investors in 2017 can learn anything from 2016, it's that not all funds are created equal.

  • BRASILIA, Jan 11- Brazil surprised markets with a larger-than-expected interest rate cut on Wednesday, as the worst recession in Brazilian history threatens to stretch into a third year. In a unanimous vote, the central bank's nine-member monetary policy committee, known as Copom, decided to cut its benchmark Selic rate by 75 basis points to 13.00 percent after...

  • People in Times Square take part in New Year celebrations on January 01, 2017.

    From emerging markets to metals, Peter Boockvar offers his best investing ideas for 2017.

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SAO PAULO, Jan 6- As Brazil's 2016/ 17 soybean harvest begins, analysts expect a record crop of 103.5 million tonnes thanks largely to good weather conditions, a Reuters poll showed on Friday. Brazil is the world's largest exporter of soybeans, so an abundant harvest would keep international prices under pressure while replenishing domestic inventories.

  • SAO PAULO, Jan 6- Stricter legal and regulatory scrutiny may slow mergers and acquisitions in Brazil this year, compounding the impact of a harsh recession and lingering political turmoil that is keeping buyers and sellers at odds over valuations, bankers and lawyers said. Thomson Reuters data show at least 14 planned divestitures or takeovers worth more than...

  • SAO PAULO, Jan 6- As Brazil's 2016/ 17 soybean harvest begins, analysts expect a record crop of 103.5 million tonnes thanks largely to good weather conditions, a Reuters poll showed on Friday. Brazil is the world's largest exporter of soybeans, so an abundant harvest would keep international prices under pressure while replenishing domestic inventories.

  • SAO PAULO, Jan 5- A fire broke out on Thursday at a Vale fertilizer unit in Sao Paulo state, the company confirmed. It was not immediately clear what, if any, damage, there was, but production at the facility halted. G1, the website for Globo TV, reported that an explosion was heard just before the fire broke out and that ammonium nitrate was spewing from the facility in the...

  • SAO PAULO, Jan 5- A fire broke out on Thursday at a Vale fertilizer unit in Sao Paulo state, the company confirmed. It was not immediately clear what, if any, damage, there was, but production at the facility halted. G1, the website for Globo TV, reported that an explosion was heard just before the fire broke out and that ammonium nitrate was spewing from the facility in the...

  • *Expansion in southern Europe key pillar of strategy. SAO PAULO/ PARIS, Jan 5- Vivendi has tapped Amos Genish, the former head of Telefonica's Brazil unit, to lead efforts to converge the French media company's content, platforms and media distribution strategies. The move comes as Vivendi, led by billionaire and corporate raider Vincent Bollore, has been building...

  • Dwellers of Complexo da Mare, a massive network of favelas that sits alongside the Linha Vermelha (Red Line), the main highway from the Rio de Janeiro international airport to the city center. Since 2010, the community has been fenced off from the highway by huge Perspex panels, authorities claim they provided an acoustic barrier but  locals describe it as a wall of shame, a means of hiding poor people.

    China's largest ride-sharing company, Didi Chuxing, has extended its global reach to Brazil.

  • *CBOT wheat ticks down, Kansas firm as crop ratings fall. PARIS/ SINGAPORE, Jan 4- Chicago soybeans inched higher on Wednesday as the dollar eased, encouraging the oilseed market to break a three-day slide, although favourable harvest prospects in South America kept a lid on prices. Chicago wheat dipped but Kansas futures were higher after the U.S. government...

  • SAO PAULO, Jan 4- Brazilian home prices rose for the tenth straight month in December, giving builders and banks some hope the worst of a multi-year market downturn is finally easing, market data released on Wednesday showed. Despite the streak of consecutive increases in national prices, the rise in home values has failed to outpace inflation, suggesting gains...

  • Indonesia penalized JPMorgan after the bank's research arm advised cutting exposure to the country's bonds, an official said Tuesday.

  • LIMA, Jan 2- Peru has demanded a "significant sum" of cash from Brazilian builder Odebrecht before starting talks toward a plea deal that would reveal the names of officials it bribed over a period spanning three presidencies, the attorney general's office said Monday. Hamilton Castro, lead prosecutor investigating the company, declined to specify how much Peru...

  • Relatives of inmates ask for information at the main gate of the Anisio Jobim Penitentiary Complex on January 2, 2017.

    A prison riot has left at least 56 dead, in the bloodiest violence in more than two decades in Brazil's overcrowded penitentiary system.

  • BRASILIA, Dec 28- Brazilian President Michel Temer vetoed on Wednesday part of a bill that gives cash-strapped states a temporary pardon on their debts to the federal government to ease their fiscal woes, raising tensions with Congress over the measure. The lower house of Congress last week surprised the Temer administration by scrapping a clause in the bill...

  • BRASILIA, Dec 28- Brazilian President Michel Temer vetoed part of a bill that gives cash-strapped states a temporary pardon on their debts to the federal government to ease their fiscal woes, presidential spokesman Alexandre Parola said on Wednesday. In a statement, the Finance Ministry said it will continue to work to find a solution to the states' fiscal woes.

  • BRASILIA, Dec 28- Brazilian President Michel Temer vetoed part of a bill that gives cash-strapped states a temporary pardon on their debts to the federal government to ease their fiscal woes, presidential spokesman Alexandre Parola said on Wednesday. In a statement, the Finance Ministry said it will continue to work to find a solution to the states' fiscal woes.

  • SAO PAULO, Dec 27- Brazilian stocks rose on Tuesday, boosted by shares of miner Vale and steelmakers as iron ore prices broke a nine-day losing streak. Shares of Vale SA closed up 1.23 percent while shares of steelmaker Companhia Siderúrgica Nacional SA closed up 5.61 percent. Mexico's stock index closed up 0.69 percent, helped The Mexican peso weakened 0.64...