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Latin America Brazil

  • BRASILIA, Jan 16- Brazilian state-controlled oil company Petroleo Brasileiro SA is not considering additional shareholder settlements in other countries following the U.S. deal earlier this month unless it is forced to by law, CEO Pedro Parente said on Tuesday. Speaking to journalists in Brasilia, Parente also said he might meet with Brazil's finance...

  • Tom Enders Chief Executive Officer of Airbus Group

    Tom Enders, chief executive of Airbus, on Monday launched a stinging attack on US protectionism and warned that President Donald Trump would leave "wreckage" behind after his term in office.

  • RIO DE JANEIRO, Jan 13- Brazilian Finance Minister Henrique Meirelles said on Saturday that a recent decision by Standard& Poor's to cut the nation's credit rating will not affect 2018 economic growth. Speaking to journalists in Rio de Janeiro, Meirelles added that he was expecting close to 2.5 million jobs to be created in Brazil this year and gross domestic...

  • recovers@ SAO PAULO, Jan 12- Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard& Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a...

  • BRASILIA, Jan 11- Ratings agency Standard& Poor's cut Brazil's credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a...

  • BRASILIA, Jan 11- Ratings agency Standard& Poor's cut Brazil's credit rating on Thursday as doubts grew about the result of a presidential election in October and a push to trim its costly pension system, seen as vital to closing a huge fiscal deficit. S&P lowered its long-term rating for Brazil sovereign debt to BB- from BB previously, with a stable outlook, citing...

  • SAO PAULO/ MEXICO CITY, Jan 10- Mexico's currency weakened against the dollar on Wednesday and stocks extended losses after Reuters reported that Canada increasingly believes that U.S. Two government sources told Reuters they expected Trump to pull the plug at about the same time that negotiators from the United States, Canada and Mexico meet in late January...

  • Embraer and Boeing jetliners stand on the Tarmac of Le Bourget on June 18, 2017 on the eve of the opening of the International Paris Air Show.

    The issue: assuring Brazil's leadership of the sovereignty of Embraer's defense business.

  • SAO PAULO, Jan 5- Brazilian and Chilean stocks hit record highs on Friday, boosted by solid economic growth data, while Mexico's peso firmed to its strongest level in more than two weeks. Mexico's peso led gains for the region's currencies on Friday, capping a week where it advanced about 2.5 percent against the dollar. The next set of talks between Mexico, the United...

  • The two firms first confirmed they were in talks last month.

  • Carlos Aguiar, head of agribusiness lending, said the growth catapulted the bank to become the fifth-largest provider of farm loans in Latin America's biggest economy. Brazil's central bank reduced the benchmark interest rate to an all-time low of 7 percent in December, the latest in a long cycle of cuts that began in October 2016 amid government efforts to...

  • SAO PAULO, Jan 4- Residential real estate prices in Brazil fell in nominal terms for the first time in at least a decade in 2017, a study by real estate group FipeZap showed on Thursday, highlighting continued risks in Brazil's housing market. While real estate and homebuilding stocks in Brazil performed well in 2017 on the front edge of a consumer-led turnaround,...

  • BRASILIA/ SAO PAULO, Jan 3- China's ride-hailing application Didi Chuxing has agreed to acquire control of Brazil's 99, the companies said in a statement on Wednesday, potentially creating a formidable rival to Uber in Latin America's largest economy. The Chinese company bought out investors such as Riverwood Capital, Monashees Inc, Qualcomm Ventures, Tiger...

  • MEXICO CITY, Jan 3- Latin American currencies firmed sharply on Wednesday, bolstered by higher oil prices and data showing the global economy was expanding at a healthy clip. Mexico's peso and the Colombian peso both gained around 1 percent, and Brazil's real firmed more than 0.7 percent as crude prices hit a 2-1/ 2- year high. Brazil's benchmark stock index edged...

  • NEW YORK, Jan 3- Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity. For the last four years Brazil has been rocked by the so-called Car Wash investigation into kickbacks from...

  • SAO PAULO, Jan 3- Vale SA is in talks with BHP Billiton Ltd over the future of their joint venture, Samarco Mineração SA, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter said on Wednesday. Nineteen people were killed in what was Brazil's worst environmental disaster. Samarco is the only iron-ore operation...

  • NEW YORK, Jan 3- Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity. For the last four years Brazil has been rocked by the so-called "Car Wash" investigation into kickbacks from...

  • BRASILIA/ SAO PAULO, Jan 3- China's ride-hailing application Didi Chuxing has agreed to acquire control of Brazil's 99, the companies said in a statement on Wednesday, potentially creating a formidable rival to Uber in Latin America's largest economy. According to the paper, which cited sources familiar with talks, the Chinese company bought out investors...

  • SAO PAULO, Jan 3- Vale SA is in talks with BHP Billiton Ltd over the future of their joint venture, Samarco Mineração SA, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter said on Wednesday. A price has not been yet established for any buyout, according to the source, who spoke on condition of not being named.

  • SAO PAULO, Jan 3- A Brazilian state agency responsible for consumer issues notified Apple Inc on Wednesday that it must explain how Brazilian owners of iPhones will be able to buy battery replacements at lower prices. Procon-SP, an agency in the state of Sao Paulo, Brazil's richest and most populous, said in a statement it notified Apple that it has 10 days to...