Latin America Brazil

  • high@ Oct 17- A strong dollar, bolstered by the prospect of another U.S. rate hike this year, hit most Latin American currencies except Brazil's real, which hit its highest level since May. Runaway inflation has led to Argentina to hike benchmark interest rates dramatically- first to 45 percent, then to 60 percent- pushing its economy into recession and prompting it...

  • Oct 17- Latin American stocks fell on Wednesday after Wall Street declined, while the region's currencies fared slightly better due to the dollar's limited gains ahead of the release of minutes of the U.S. The Bank of Mexico is due to release on Thursday the minutes of its October meeting, at which it kept rates steady at 7.75 percent. However, the real continued its...

  • BEIJING, Oct 17- Shanghai copper extended losses for a second day on Wednesday, curbed by tepid spot trading amid increasing stockpiles at the futures exchange. *Three-month copper on the London Metal Exchange edged up 0.1 percent to $6,221 a tonne by 0109 GMT, and the most-traded copper contract for November delivery on the Shanghai Futures Exchange dipped 0.5...

  • RIO DE JANEIRO, Oct 16- Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.5 million tonnes per year is likely to be reached in 2021, the miner's Brazil chief said on Tuesday. The company halted production at the Minas Rio mine after two leaks in March in a pipeline that channels...

  • BRASILIA, Oct 16- Brazil's far-right front-runner will not take part in any presidential debates or return to the campaign trail ahead of the Oct. 28 run-off election due to his medical condition, one of his closest aides told Reuters on Tuesday. Bolsonaro was stabbed in the gut at a rally last month, while campaigning in one of Brazil's most polarized elections in...

  • RIO DE JANEIRO, Oct 16- Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020 as previously expected, the miner's Brazil chief said on Tuesday. The company halted production at its Minas Rio mine after two leaks...

  • high@ Oct 16- Latin American stocks rose on Tuesday as risk appetite improved due to a rebound on Wall Street and European stock markets, while the region's currencies firmed against a weaker dollar. Wall Street's bounce after strong earnings from bellwether firms added to the positive sentiment toward developing market assets, which were lifted by a recovery...

  • BRASILIA, Oct 16- The momentum is squarely behind Brazilian far-right presidential candidate Jair Bolsonaro, according to the latest polls, with just a dozen days to go before the run-off vote against leftist rival Fernando Haddad. The survey interviewed 2,506 people on Saturday and Sunday across Brazil and had a 2 percentage point margin of error.

  • BRASILIA, Oct 15- Brazilian police have referred two former executives of food processor BRF SA to federal prosecutors in an investigation into food safety that disrupted meat production in 2017, documents seen by Reuters showed on Monday. The allegation is that former BRF Chairman Abilio Diniz and former Chief Executive Officer Pedro de Andrade Faria did...

  • SAO PAULO, Oct 13- The top economic adviser to Brazilian far-right presidential front-runner Jair Bolsonaro said he favors selling off some of the power generation assets of utility company Centrais Eletricas Brasileiras S.A., raising new contradictions in the candidate's policy team. Bolsonaro has named Guedes, a University of Chicago-trained economist,...

  • BRASILIA, Oct 11- Brazil's presidential front-runner Jair Bolsonaro would tackle chronic energy shortages by expanding nuclear and hydroelectric power in the Amazon despite environmental concerns, the adviser overseeing his infrastructure plans told Reuters. Oswaldo Ferreira, one of several retired generals advising Bolsonaro, said, if he were elected,...

  • Oct 11- A dented dollar lent support to most Latin American currencies on Thursday, with the Argentine peso firming for the seventh session in nine, while regional stock markets mirrored the gloom on Wall Street. The dollar weakened after a lower-than-expected rise in U.S. inflation dampened the case for an aggressive rate hike pace by the Federal Reserve, but...

  • Oct 11- Most Latin American currencies firmed on Thursday, with Mexico's peso rising for the first time in four sessions, as the dollar eased and as a lower-than-expected reading on U.S. inflation signaled the Federal Reserve would continue a gradual pace of rate hikes. "The dollar weakened, and the inflation data disappointed which has dampened hopes of a more...

  • SAO PAULO/ BRASILIA, Oct 10- The chief economic advisor to Jair Bolsonaro, Brazil's far-right presidential front-runner, is being investigated over accusations of fraud tied to the pension funds of state-run companies, federal prosecutors told Reuters on Wednesday. The investigation of Paulo Guedes, a University of Chicago-trained economist credited with...

  • BRASILIA, Oct 10- Far-right presidential candidate Jair Bolsonaro does not want a bill to overhaul Brazil's costly pension system to be put to the vote in Congress this year because he would send it back to the drawing board if elected, a close political aide said. Pension reform is crucial for any effort to reduce Brazil's gaping budget deficit and out-going...

  • BRASILIA/ SAO PAULO, Oct 9- Far-right Brazilian presidential candidate Jair Bolsonaro vowed on Tuesday to appoint non-partisan ministers, breaking with the tradition of building cabinets through coalitions, as part of his bid to tackle graft in Latin America's largest economy. He will face leftist Fernando Haddad, a former Sao Paulo mayor, in a second round...

  • BRASILIA/ SAO PAULO, Oct 9- Far-right Brazilian presidential candidate Jair Bolsonaro vowed on Tuesday to appoint non-partisan ministers, breaking with the tradition of building cabinets through coalitions, as part of his bid to tackle graft in Latin America's largest economy. He will face leftist Fernando Haddad, a former Sao Paulo mayor, in a second round...

  • SAO PAULO, Oct 9- Japan's Sumitomo Corp said on Tuesday that it had acquired the remaining 35- percent stake it did not already own in Agro Amazônia, a leading agricultural products supplier in Brazil's No. 1 soy producing state of Mato Grosso. Mato Grosso, which has an area that is two and a half times larger than that of Japan, is Brazil's largest producer of...

  • RIO DE JANEIRO, Oct 8- Far-right candidate Jair Bolsonaro said on Monday he would stick to tough rhetoric in the second round of Brazil's bitterly contested presidential election, after his strong win in first-round voting sent financial markets soaring. As neither candidate won an outright majority, Bolsonaro will face Haddad, the former mayor of Sao Paulo...

  • SAO PAULO, Oct 8- Executives at Brazilian food processor BRF SA detailed a turnaround plan on Monday, saying the company plans to conclude asset sales in December and naming a successor to Chief Executive Pedro Parente. BRF faces export embargoes in the European Union, spurred by the scandal. That discipline includes asset sales in Argentina, Europe and Thailand...