The fight for the chance to invest in Oi, Brazil's largest fixed line carrier, reveals a sharp turnaround in investors' perception of a company that flirted with liquidation a year ago. Brazil's consumer-led economic recovery and bets on industry consolidation have boosted interest in the company after three years of battles between shareholders and...
SAO PAULO, July 17- Brazilian center-left presidential candidate Ciro Gomes said on Tuesday that he would undo a $4.75 billion joint venture planned by Boeing Co and Brazilian planemaker Embraer SA if he wins this year's election. Speaking at a business event in Sao Paulo, Gomes called the proposed deal "hostile" to Brazil's interests and a threat to the...
BRASILIA, July 16- Latin American stocks and currencies were mostly flat on Monday, as a slide in global crude prices and softer economic data in China dampened investor appetite for risk following weeks of losses. China's economy grew at a slower pace in the second quarter as efforts to contain debt hurt activity, while June factory output growth weakened to a...
SAO PAULO, July 16- Cyrela Brazil Realty SA, one of Latin America's largest homebuilders, reported a strong jump in new home launches and contracted sales in the second quarter, as Brazil's real estate market continues to pick up steam. Contracted sales rose some 40.3 percent from the same quarter a year ago to 1.061 billion reais, the company said in a securities...
MELBOURNE, July 16- London copper edged higher on Monday as markets awaited China's second-quarter economic growth data for clues on how a local debt crackdown and trade tariffs from the United States could be affecting demand. *CHINA ECONOMY: China is expected to report a modest slowdown in second-quarter economic growth on Monday, as the government's...
SAO PAULO, July 13- Embraer SA's unions did not succeed in getting a job protection commitment in a meeting on Friday with the planemaker's chief executive after a deal with Boeing Co, the unions said in a statement. CEO Paulo Cesar de Souza e Silva said during the meeting at Sao Paulo's Embraer offices that he could not guarantee all jobs would be kept.
SAO PAULO— Brazilian prosecutors have filed corruption and money laundering charges against Paul Bragg, the former chief executive officer of Houston- based offshore drilling contractor Vantage Drilling. Federal prosecutors said in a Thursday night statement that Bragg was involved in the payment of $31 million in bribes to a former executive of...
SAO PAULO, July 12- Brazil's benchmark Bovespa index jumped nearly 2 percent on Thursday, bouncing back from a dip on Wednesday, as Latin America's largest equities market continued to seesaw on global trade tensions. On Wednesday, Brazil's Bovespa fell 0.62 percent as the United States announced tariffs on an additional $200 billion of Chinese imports.
SAO PAULO, July 12- Brazil presidential candidate Geraldo Alckmin's top economic adviser criticized poll-leading, right-wing rival Jair Bolsonaro as offering false hope to the private sector, hiding statist views that would hamper the recovery from a deep recession. The head of Alckmin's economic team, Persio Arida, said in a Wednesday interview that the...
The price gap has sparked a run on U.S. soybeans by importers from Mexico to Pakistan to Thailand, according to the analysis of U.S. Agriculture Department data. Even as China has retreated, all importers' advanced purchases of the next U.S. soybean crop shot up 127 percent through June, at 8 million tonnes, compared to the same period last year, the analysis showed.
SAO PAULO, July 12- Brazil's benchmark Bovespa index jumped over 1 percent on Thursday, bouncing back from a dip on Wednesday, as Latin America's largest equities market continued to seesaw on global trade tensions. On Wednesday, Brazil's Bovespa fell 0.62 percent as the United States announced tariffs on an additional $200 billion of Chinese imports.
The price gap has sparked a run on U.S. soybeans by importers from Mexico to Pakistan to Thailand, according to the analysis of U.S. Agriculture Department data. Even as China has retreated, all importers' advanced purchases of the next U.S. soybean crop shot up 27 percent through June, at 8 million tonnes, compared to the same period last year, the analysis showed.
SAO PAULO, July 11- The Brazilian real slid more than 2 percent on Wednesday, paring solid gains from Tuesday, as traders in Latin America grew more risk-averse following a fresh escalation of the trade conflict between the United States and China. On Tuesday, the real climbed 1.84 percent while the Mexican peso jumped 1.53 percent to a two-month high as traders...
medical cartel@ SAO PAULO, July 11- General Electric Co's chief executive for Latin America took part in a medical equipment price-fixing scheme while at the conglomerate, making it a member of an international health-care cartel, according to allegations in a document filed by federal prosecutors. While those arrests and the general allegations were widely...
SAO PAULO, July 11- The Brazilian real slid almost 1 percent on Wednesday, paring solid gains from Tuesday, as traders grew more risk-averse following yet another escalation of the trade conflict between the United States and China. On Tuesday, the real climbed 1.84 percent while the Mexican peso jumped 1.53 percent to a two-month high as traders took heart from...
MEXICO CITY, July 10- Mexico's peso hit its highest level in more than two months on Tuesday, advancing with other Latin American currencies, including the Brazilian real, as traders took heart from signals that U.S.- China trade tensions have yet to affect global growth. Regional currencies were also aided by the lack of developments regarding a possible U.S.-...
SAO PAULO, July 10- Major currencies across Latin America strengthened on Tuesday as traders were encouraged by signs that U.S.- China trade tensions have yet to affect global GDP, while in Mexico traders kept buying back into the peso following an election-related sell-off. On Friday, the United States and China slapped duties on $34 billion worth of each...
SAO PAULO— Construction conglomerate Odebrecht has signed an agreement with two more Brazilian state bodies to settle cases related to a corruption scheme in which Odebrecht and others formed a de facto cartel to rig bids with state-run oil giant Petrobras and bribe officials. The agreement expands a 2016 settlement in which Odebrecht agreed to pay at least...
SANTIAGO, July 6- Labor negotiations at BHP Billiton Plc Escondida copper mine in Chile, the world's largest, are entering into the final three weeks before a 30- month contract expires at the end of July. The proposals include a one-time bonus equivalent to 4 percent of dividends distributed to shareholders in 2017, or between approximately $34,000 and...
BRASILIA, July 6- Product shortages due to a truckers' strike lifted Brazil's inflation rate near the midpoint of the official target range in June, underlining the deep impact of the nationwide protests. Consumer prices tracked by the benchmark IPCA index rose 4.39 percent in the 12 months through June, government statistics agency IBGE said on Friday,...
