Latin America Brazil

  • July 19- A U.S. dollar recovery put most Latin American currencies under pressure on Friday while Brazil's Bovespa stock index led losses in the region's equity markets. Emerging markets have enjoyed a strong run-up this year as expectations of monetary policy easing from central banks to counter the impact of U.S.- China trade war on economic growth,...

  • July 19- Latin American shares were subdued on Friday as losses in Brazil's Bovespa eclipsed gains made by other indices, while currencies in the region were mostly lower against a firm dollar. Heavyweight Sao Paulo- traded stocks led losses, down 0.6% with financials weighing on the benchmark as optimism stoked by Brazil's pension reform vote faded.

  • "As Brazil is one of the largest meat exporters in the world, we want to be a global name in this market. But the plant-based meat producer faces tough competition in both Brazil and abroad. Outside of Brazil, Beyond Meat and Impossible Foods have already received millions of dollars in investments.

  • SAO PAULO/ RIO DE JANEIRO, July 18- Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States. The vessels Bavand and Termeh came to Brazil a couple months ago carrying urea, a petrochemical product used as...

  • July 18- Latin America stocks edged higher on Thursday, bucking the global equities gloom, while a tepid dollar and higher oil prices lifted currencies of crude exporters in the region. The announcement came days after the lower house of Congress approved the first round of voting for a landmark pension reform bill, seen as a critical step to restoring health to...

  • BRASILIA, July 17 (Reuters)- Brazilian President Jair Bolsonaro said on Wednesday his government will announce an economic stimulus package this week to revive flagging growth, confirming earlier media reports, in an effort to mark the first 200 days of his administration. Earlier on Wednesday, newspaper Valor Economico reported Economy Minister Paulo...

  • South American leaders from the Mercosur's member countries are meeting in Argentina, with plans for how to fast track a recent free-trade deal with the European Union likely to be at the center of discussions. Bolsonaro reiterated that no South American country should follow Venezuela's path and urged for what he called a responsible vote in coming...

  • rise@ July 17- Latin American stock indices were subdued on Wednesday as a re-emergence of trade tensions between the United States and China kept investors on the sidelines, but a recovery in oil prices and a soft dollar lifted currencies in the region. MSCI's index of Latin American stocks fell 0.1% with heavy-weights Brazil and Mexico stocks making marginal...

  • SAO PAULO, July 16- Brazil and India are expected to sign a memorandum of understanding on production and trade of ethanol when leaders of the two countries meet in Brasilia later this year, an industry group said on Tuesday. Despite the positive tone for November's meeting, Brazil is fighting India in the World Trade Organization because of sugar export...

  • SAO PAULO, July 15- Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say. Brazil's Cosan SA and Spain's Naturgy Energy Group SA, are among the companies potentially...

  • The real fell about 0.5% after posting its strongest weekly gain since late May, while Sao Paulo- listed shares retreated from record highs made last week after Brazil's lower house of Congress approved the main text of the bill. A central bank indicator showed economic activity in Brazil rose in May, the first increase this year and an indication that the...

  • July 15- Latin American markets had a tepid start on Monday with Brazilian assets subdued as economic worries eclipsed optimism from pensions reform hopes, while currencies in the region were mixed with Argentina's peso dropping on a Moody's outlook cut. Economists cut their 2020 growth forecasts for Latin America's largest economy to a new low, despite...

  • BRASILIA, July 12- Brazil's government slashed its economic growth forecast for this year to 0.8% from 1.6%, the Economy Ministry said on Friday, blaming continued weakness in the second quarter following the economy's contraction in the first. "Available monthly indicators from the second quarter of 2019 suggest the recovery remains slow," the Economy...

  • Federal Reserve's dovish stance, while assets in Brazil underperformed as the euphoria over the pension reform vote waned. All five of the Mexican central bank's board members agreed the slowdown in Mexico's economy had been larger than anticipated, with "signs of weakness" in the second quarter, minutes from the June 27 monetary policy meeting showed on...

  • BRASILIA, July 11- Brazilian markets slipped on Thursday as euphoria following the resounding approval of a landmark pension reform bill in the lower house of Congress late on Wednesday quickly faded, casting doubt over how much further the impressive rally can run. Brazil's currency, the real, hit a four-month high of 3.7356 per dollar but quickly gave back all...

  • Federal Reserve chief Jerome Powell boosted the prospects of an interest rate cut this month, with Brazil's markets buoyed by optimism over the government's pension reform. Brazil's markets have rallied this week as investors draw comfort from progress in the government's efforts to overhaul the pension system, a cornerstone of President Jair...

  • BRASILIA, July 10- Brazil's Economy Ministry is considering launching a website that will detail the steps it has taken and will take to reform the economy, sources told Reuters, in an effort to increase transparency and combat criticism it has not done enough to boost weak growth. On Monday, Guedes and senior Economy Ministry officials had an informal dinner...

  • Latam FX@ July 10- Expectations of passage of a landmark pension reform bill in Brazil's lower house pushed Sao Paulo stocks to historic highs on Wednesday, while Latin American currencies benefited from a softer dollar after Fed chair Jerome Powell's dovish comments. The Bovespa rose more than 1% helped by optimism over the pension reform bill, with the lower...

  • LA PAZ, July 9- Bolivia's state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday. YPFB intends to bid on an unidentified portion of the 51% stake that Brazil's state-owned energy company Petroleo Brasileiro SA owns in the Transportadora...

  • BRASILIA, July 9- Brazil's lower house of Congress was due to vote on Tuesday on a flagship overhaul to the pension system but by early evening the debate had still not begun, calling into question whether the government had the votes it needs. Joice Hasselmann, the government's leader in Congress, told reporters it was possible the vote could be delayed until...