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Latin America Brazil

  • SAO PAULO, April 25- Federal prosecutors in Brazil asked a court on Wednesday to force Microsoft to change its default installation process for Windows 10, which they said violated several local laws by collecting user data without their "express consent." Microsoft has faced criticism in the European Union and elsewhere about the installation settings of...

  • SAO PAULO, April 25- Federal prosecutors in Brazil asked a court on Wednesday to force Microsoft to change its default installation process for Windows 10, which they said violated several local laws by collecting user data without their "express consent." Microsoft has faced criticism in the European Union and elsewhere about the installation settings of...

  • SAO PAULO _ Telefonica Brasil SA on Wednesday reported first-quarter profit of $332.5 million. On a per-share basis, the Sao Paulo- based company said it had net income of 20 cents. Telefonica Brasil shares have decreased almost 5 percent since the beginning of the year.

  • SAO PAULO _ Fibria Celulose SA on Wednesday reported first-quarter earnings of $189 million. The Sao Paulo- based company said it had net income of 34 cents per share. Fibria Celulose shares have risen 29 percent since the beginning of the year.

  • DETROIT/ SAO PAULO, April 25- General Motors Co is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese consumers, which are due to hit dealerships in 2019.. That "one family" will consist of an expected 2 million units made annually...

  • DETROIT/ SAO PAULO, April 25- General Motors Co is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil's recession and the same low-cost vehicles it is developing for Chinese consumers, which are due to hit dealerships in 2019.. That' one family' will consist of an expected 2 million units made annually...

  • Two days later she picked up her first-ever online purchase at a mall in Sao Paulo. Reuters has reported that Amazon is eyeing a major warehouse outside Sao Paulo, negotiating a nationwide air cargo deal and lining up local suppliers of everything from personal electronics to perfume and home appliances. But the American giant may struggle to dominate retail...

  • MEXICO CITY, April 24- Mexico's peso bounced back from a steep selloff on Tuesday, boosted by optimism the country would strike a new trade deal with the United States, while worries about elections drove Brazil's currency to a 16- month low. President Donald Trump said that a new North American Free Trade Agreement could be hatched quickly as officials from...

  • MEXICO CITY, April 24- Helicopter booking app Voom expects its new Mexico City operations to capitalize on some of the worst traffic in the world to eclipse the growth it has seen in Brazil, the company's chief executive said. Voom, a subsidiary of France's Airbus, launched in March in the Mexican capital and after setting up last year in Sao Paulo, the second most...

  • SAO PAULO, April 23- Brazil's currency hit a nearly 1-1/ 2- year low and Mexico's peso sank to it weakest since early March on Monday on bets that accelerating U.S. inflation could spark a faster pace of interest rate hikes. Analysts said Mexico's currency could face further pressures in the coming months on bets leftist candidate Andres Manuel Lopez Obrador...

  • Flag bearers carry the Mexican and Brazilian flags.

    Brazil and Mexico have caught the eye of U.S. executives as investment destinations after a sharp economic turnaround in Latin America. The surge in interest in Brazil and Mexico as deals destinations comes at a tricky time for both countries.

  • SAO PAULO, April 19- Brazilian engineering conglomerate Odebrecht SA has not yet secured new bank loans that it has requested to honor bond payments due next week, four sources with knowledge of the matter said, raising the possibility of a default triggering some $3 billion in early repayments. Talks with Brazil's biggest lenders, including Banco Bradesco SA,...

  • RIO DE JANEIRO, April 19- Brazil's state-run oil company is nearing a deal in which China National Petroleum Corp Ltd would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas. Petróleo Brasileiro SA, or Petrobras, may give the state-owned...

  • SAO PAULO/ MEXICO CITY, April 19- Latin American currencies fell against the dollar on Thursday, with the Mexican peso posting the strongest fall, as traders took advantage of an opportunity to make a technical correction amid continued political uncertainty. Traders in Mexico continue to be spooked by the strong performance in opinion polls by leftist Andres...

  • An AT&T store in New York.

    AT&Inc has withdrawn its planned initial public offering of Vrio, its DirecTV business in Latin America, just hours before the new stock was to start trading.

  • RIO DE JANEIRO, April 19- Brazil's state-run oil company is nearing a deal in which China National Petroleum Corp Ltd would invest in an oil refinery in exchange for crude oil, two people with knowledge of the talks told Reuters, potentially giving China its first refining capacity in the Americas. Petróleo Brasileiro SA, or Petrobras, may give the state-owned...

  • MEXICO CITY, April 18- Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht SA for the next 2-1/ 2 years, and fined the company around $60 million, the government said. Odebrecht said in a statement that the company had been notified and was analyzing the steps taken by Mexico.

  • SAO PAULO, April 18- Brazil's largest chicken processor BRF SA has been allowed to resume production at nine plants that export to the European Union, the Ministry of Agriculture said on Wednesday, a day before a potential EU ban related to a food safety scandal. The ministry clarified that one more plant had been cleared, referring to a firm appearing in the...

  • April 18- Amazon.com Inc announced a new feature within its Amazon shopping app to cater to international customers shopping for U.S. goods, targeting Brazil, China, Germany and Spanish-speaking markets. That task may be easier said that done in Brazil, Latin America's largest economy, where Amazon has shown signs in recent months of expanding its local...

  • SAO PAULO, April 18- Brazilian food processor BRF SA is allowed to resume production at certain plants that export to the European Union, according to an Agriculture Ministry document sent to Reuters on Wednesday. BRF, Brazil's largest chicken processor, had no immediate comment. Maggi's frustration came after almost a month of Brazil's self-imposed embargo,...