*Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Donald Trump, who stole the Davos limelight last year with a rare appearance by a...
SAO PAULO, Jan 17- Brazil's aviation regulator said on Thursday it was going to ground 10 planes operated by Avianca Brasil, 20 percent of its fleet, prompting the carrier to go to court seeking to prevent the decision being enforced. Avianca Brasil said in a statement that the announcement by ANAC was "in disagreement with the judicial decision" in a Sao Paulo...
Brazil's Economy Minister Paulo Guedes is expected to detail the pension reform proposal at the World Economic Forum's annual meeting in Davos next week, a government source said on Thursday. Brazilian President Jair Bolsonaro's chief of staff earlier this week had said that the government will settle on a model for its pension reform proposal only after...
*Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Outside the G7, the leaders of Russia and India are shunning Davos, while China- whose...
SAO PAULO, Jan 16- Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years. In 2018, Embraer failed to meet several of its projections, coming up at least $250 million short of its...
SAO PAULO, Jan 16- Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years. In 2018, Embraer did not meet several of its projections, coming up at least $250 million short of its revenue...
Jan 16- Brazilian stocks fell on Wednesday as bank losses weighed on the Bovespa index despite robust gains from the retail and materials sector, while currencies in Latin America weakened against the U.S. dollar. Shares of Brazilian gun maker Taurus Armas SA, which does not trade on the benchmark, fell more than 10 percent after Brazil's government said it is...
BENGALURU, Jan 15- Latin American currencies weakened on Tuesday, with the Mexican peso retreating from near three month highs, while stocks were pressured by Brazil shares easing off record highs as investors took profits. "Today the total focus will be on the Brexit vote by the British parliament," said analysts at brokerage ModalMais in Brazil who had said...
Jan 15- Brazil's benchmark stock index eased off record-high levels in see-saw trade on Tuesday as banking shares slipped but the retail sector notched robust gains, while most Latin American currencies dipped against a strong dollar. Brazil's real and Chile's peso weakened about 0.1 percent. The head of Mexico's National Farm Council said major farm and...
SAO PAULO, Jan 11- Brazil's Bovespa has rocketed to a 6.6 percent gain so far this year, making it the world's second-best performing stock market, but exchange data shows a persistent exodus of foreign capital in the early days of a new market-friendly administration. Daniel Gewehr, head of Latin America Equity Strategy for Santander Brasil in Sao Paulo, citing...
SAO PAULO, Jan 11- Brazilian planemaker Embraer SA on Friday said its board has authorized the company to take steps toward implementing a proposed partnership with Boeing Co, after receiving consent from Brasilia.
SAO PAULO, Jan 11- At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch. But when he needs to seal a deal, Bernardo has a go-to option for financing: the Brazilian unit of Spain's Banco Santander. That business helped power Madrid- based Santander through Brazil's...
SAO PAULO/ BRASILIA, Jan 10- The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer SA and Boeing Co to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation. But one thing was new: the government said in a press release that the two planemakers would "maintain the current...
SAO PAULO/ BRASILIA, Jan 10- The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer SA and Boeing Co to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation. But one thing was new: the government said in a press release that the two planemakers would "maintain the current...
THURSDAY, JANUARY 10 BELGRADE- National Bank of Serbia to unveil interest rate decision- 1100 GMT. BUDAPEST- The National Bank of Hungary to hold a non-rate setting meeting- 1300 GMT. GENEVA- Brazilian Central Bank Governor Ilan Goldfajn speaks at Geneva's International Centre for Monetary and Banking Studies on central banking in emerging markets- 1730 GMT.
SAO PAULO, Jan 7- Common shares in state-controlled oil company Petroleo Brasileiro SA rose 5.5 percent to 29 reais in Sao Paulo after Brazilian newspaper Valor Economico reported the government will pay $14 billion to the company to settle a dispute about the so-called transfer of rights area off the Brazilian coast.
TUESDAY, JANUARY 8 WARSAW- National Bank of Poland holds monetary policy council meeting. WEDNESDAY, JANUARY 9 BUDAPEST- Hungarian Central Bank to publish the minutes of its December 2018 rate-setting meeting- 1300 GMT. BUDAPEST- The National Bank of Hungary to hold a non-rate setting meeting- 1300 GMT.
BRASILIA, Jan 4- Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation. The newly inaugurated leader, speaking at an Air Force swearing-in ceremony on Friday, further said he is...
RIO DE JANEIRO, Jan 3- Roberto Castello Branco, the incoming chief executive of Petroleo Brasileiro SA, made the case for divestments in the natural gas and refining sectors at a swearing-in ceremony on Thursday. At the event in Rio de Janeiro, the new head of Petrobras, as the firm is known, said the company's domestic domination of the natural gas supply chain was...
Jan 3- The Mexican peso weakened on Thursday as investors sought safe haven assets on worries about slowing global economic growth, but Brazil's real bucked the trend due to expectations for policy reform by the country's new government. The real firmed 0.6 percent to a six-week peak against a weaker dollar, after rising more than 2 percent on Wednesday, as newly...
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