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CNBC's Dominic Chu reveals what new and big ideas are currently being pitched at CNBC's Delivering Alpha conference.
SAO PAULO— Four police officers have been suspended after being caught on video as they beat journalists during an anti-World Cup protest, the Rio de Janeiro police department said Wednesday.
NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.
Rio de Janeiro- based Oi and Portugal Telecom agreed to keep the terms of their merger unaltered for now, the paper said, adding that Portugal Telecom will continue to have a 37 percent stake in CorpCo, as the company resulting from the merger is known. Efforts to reach Lisbon- based Portugal Telecom were unsuccessful.
BRASILIA, July 15- The five BRICS countries have not discussed coordinated forex intervention in global markets, but it is an idea "worth thinking about," India's central bank deputy governor Urjit Patel told Reuters on Tuesday.
In negotiations to create the new BRICS development bank, the main challenge was not a lack of resources or commitment, but fellow partner China.
Shareholders of Rio de Janeiro- based Oi want to push Portugal Telecom to agree to have a smaller stake in CorpCo, as the company resulting from the merger is known, depending on the outcome of the debt negotiations later on Tuesday, said the source, who requested anonymity because of the sensitivity of the issue. The family owns about 10 percent of Portugal Telecom.
FORTALEZA, Brazil, July 15- In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.
FORTALEZA, Brazil, July 15- The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency initially held by India, Brazilian president Dilma Rousseff said on Tuesday.
The BRICS group consists of Brazil, Russia, India, China and South Africa.
The impasse reflected the difficulties that Brazil, Russia, India, China and South Africa face in working together to build an alternative to Western-run multilateral institutions that have shaped world finances since the end of World War Two.
CNBC's Sue Herera speaks to U.S. Soccer Federation President Sunil Gulati, about the independent investigation FIFA is in the middle of over its bidding process for the next two World Cups.
ATLANTA— UPS is opening nine new facilities in Brazil to expand its delivery network to more than 200 Brazilian cities. The growth of small and medium-size businesses in Brazil, an expanding middle class and more activity in online commerce drove the decision invest more in the country, the company said Tuesday.
FORTALEZA, Brazil— The leaders of five emerging market powers said at a summit Tuesday that they gave final agreement to creating their own development bank worth $100 billion that will have its headquarters in China.
Adrian Landgrebe, CEO and founder of Sagil Capital, says that the outlook for Brazilian risk assets depends on the outcome of this year's election.
Jim Rickards, Senior Managing Director at Tangent Capital, explains how the new bank differs from the World Bank and the International Monetary Fund.
*Generali to book net loss of 100 mln euros from disposal. MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender.
*Default risks hurting PT's planned merger with Brazil's Oi. LISBON/ PARIS, July 13- Investors in Portugal Telecom, and notably its Brazilian merger partner Grupo Oi, should know by Tuesday whether more than $1 billion it lent in April to a vehicle of the troubled Espirito Santo family is being repaid on time.
MILAN, July 14- Brazilian investment bank Grupo BTG Pactual is buying Swiss private bank BSI for a knock-down 1.5 billion Swiss francs, extending an overseas push by the Sao Paulo- based lender controlled by billionaire financier André Esteves.
NEW DELHI, July 14- Shanghai looks set to become the headquarters of a development bank being launched by the BRICS emerging market nations, despite fears by some members of the group that China could hijack the bank to serve its interests.