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Latin America Brazil

  • SAO PAULO, Oct 20- Several groups of Oi SA creditors have requested the postponement of a meeting scheduled for Monday to discuss the Brazilian phone carrier's bankruptcy protection process, a representative for a key bondholder group said on Friday. Oi Chief Executive Officer Marco Schroeder told journalists in Brasilia the carrier is "totally prepared" for...

  • SAO PAULO, Oct 20- Several groups of Oi SA creditors have requested the postponement of a meeting scheduled for Monday to discuss the Brazilian phone carrier's bankruptcy protection process, a representative for a key bondholder group said on Friday. Oi Chief Executive Officer Marco Schroeder told journalists in Brasilia the carrier is "totally prepared" for...

  • TUESDAY, OCTOBER 24 BRASILIA- Central Bank of Brazil holds Monetary Policy Committee Meeting. BUDAPEST- Hungarian Central Bank rate-setting meeting. WINDHOEK, Namibia- Central Bank of Namibia monetary policy meeting.

  • RIO DE JANEIRO, Oct 19- Brazil's National Monetary Council on Thursday approved measures that pave the way for cash-strapped Rio de Janeiro state to obtain a loan of up to 2.9 billion reais this year from banks. However, treasury official Pricilla Santana said two other ordinances expected to be released next week were still needed before the loan could move...

  • RIO DE JANEIRO, Oct 18- The remaining preferred shareholders of Brazil's Vale SA on Wednesday voted to accept a plan obliging them to convert their shares into a single stock class, finalizing a process that is part of the miner's bid to improve corporate governance. According to the company's press office, Vale CEO Fabio Schvartsman said the conversion would...

  • BRASILIA, Oct 18- Odebrecht SA asked Brazil's Supreme Court on Wednesday to threaten fines against Venezuela's former chief prosecutor to stop her from leaking information from the engineering group's confidential plea bargain testimony. Ortega was fired by a newly elected constituent assembly in August, months after she broke with Venezuela's...

  • SAO PAULO, Oct 18- Brazilian meatpacker JBS SA shut down seven slaughterhouses in Mato Grosso do Sul after a court-ordered asset freeze affected its operations in Brazil's second largest cattle-producing state, a press representative said on Wednesday. According to JBS financial statements, the case revolves around tax benefits given to the company by the...

  • SAO PAULO, Oct 18- A division of Chinese commodity trader COFCO has delayed completion of a $20 million port hub in southern Brazil, three sources told Reuters, as it struggles to reorganize operations after merging its Nidera BV and Noble Agri businesses. The delay underscores COFCO's battle to create a cohesive structure after first investing in Dutch-based...

  • SAO PAULO, Oct 18- Brazilian retailer Grupo Carrefour Brasil reported gross sales of 12.2 billion reais excluding gasoline in the third quarter, up 5.5 percent from a year earlier, the company said in a securities filing on Wednesday. Sales at stores open for at least 12 months, a gauge of demand known as same-store sales, rose 1.1 percent. Same-store sales at...

  • SAO PAULO, Oct 18- A division of Chinese commodity trader COFCO has delayed completion of a $20 million port hub in southern Brazil, three sources told Reuters, as it reorganizes operations following the combination of its Nidera BV and Noble Agri businesses. The transshipment hub on the bank of the Sinos river, which is still under construction, is expected to...

  • The long-awaited move will offer televisions, cell phones and laptops from hundreds of independent sellers on Amazon's website in Brazil without involving the company in the tricky logistics that have hurt many online retailers in the country. Alex Szapiro, Amazon's country manager in Brazil, declined to say if there were plans for the company to stock its...

  • Lauren Anderson, previously senior vice president of primetime programming at NBC who oversaw the hit shows "The Office" and " Parks and Recreation," will be chief content officer of the new studio, the companies said. The new studio's first deal is with Donut Studios, founded by brothers Mark and Jay Duplass, who have produced and acted in shows like HBO's "...

  • RIBEIRAO PRETO, Oct 17- Renuka do Brasil, a subsidiary of India's sugar maker Shree Renuka Sugars Ltd, has fired around 900 people from its two cane mills in Brazil and returned to owners most of the land it used to lease to plant cane, three sources close to the situation told Reuters on Tuesday. Shree Renuka Sugars entered Brazil's sugar sector between 2009 and...

  • SAO PAULO, Oct 16- State Grid Corp of China and Centrais Elétricas Brasileiras SA will start commercial operation of a key power transmission line for Brazil's Belo Monte dam in December, two months ahead of schedule, an official told Reuters on Monday. This is the first of two high-capacity lines expected to bring electricity from Belo Monte, built in the...

  • Workers at the Brazilian meatpacker JBS SA in the city of Lapa, Parana state, Brazil, March 21, 2017.

    A collapse of the plan, which follows a spree of corruption and food safety scandals, is a setback for Brazil's billionaire Batista family.

  • *Soybeans up after USDA cuts U.S. crop yield estimate. Soybeans climbed as the trade digested Thursday's monthly USDA report, in which the government lowered its U.S. soybean yield estimate to 49.5 bushels per acre, from 49.9 in September, bucking analyst expectations for an increase. The USDA also cut its forecast of the amount of soybeans left at the end of the...

  • *Soybeans up after USDA cuts U.S. crop yield estimate. Soybeans climbed as the trade digested Thursday's monthly USDA report, in which the government lowered its U.S. soybean yield estimate to 49.5 bushels per acre, down from 49.9 in September, bucking analyst expectations for an increase. The USDA also cut its forecast of the amount of soybeans left at the end of...

  • SAO PAULO, Oct 13- Ride-hailing startups that cater solely to women are catching on in Brazil, reflecting safety concerns in one of the biggest markets for Uber Technologies Inc and other incumbents, which have invested heavily in security features. Ride-hailing apps for female drivers and passengers are not unique to Brazil. Yet their rapid growth in cities...

  • *Soybeans up after USDA cuts U.S. crop yield estimate. Corn was weakened by the USDA's expectation of a larger U.S. crop, while wheat was underpinned by improving export prospects for U.S. supplies. "Soybeans remain in positive territory after the USDA cut its forecast of U.S. harvest yields," said Matt Ammermann, commodity risk manager at INTL FCStone.

  • *Wheat faces 3rd week of losses, USDA raises supply estimate. SINGAPORE, Oct 13- Chicago soybean futures edged higher on Friday, with the market poised for the biggest weekly gain in more than three months after the U.S. government unexpectedly cut its production forecast. The USDA cut its U.S. soybean yield estimate to 49.5 bushels per acre, down from 49.9 bpa in...