Latin America Brazil

  • MONDAY, APRIL 29 MANILA- Philippines central bank Governor Benjamin Diokno delivers keynote address at a general members meeting of the Financial Executives Institute of the Philippines- 0400 GMT. ANKARA- Central Bank of the Republic of Turkey publishes its Inflation Report ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary...

  • SAO PAULO, April 25- Brazil's largest fashion retailer, Lojas Renner SA, reported on Thursday a quarterly net profit that was 45 percent higher year-on-year and greatly exceeded market expectations, helped by double-digit sales growth despite a sluggish economy. Based in the southern city of Porto Alegre, Lojas Renner has successfully transitioned from a...

  • worries@ April 24- Brazil's currency and stocks fell on Wednesday as potential hurdles for pension reforms weighed, while other Latin American stocks tracked world equities lower. Brazil's real slipped 1.8 percent and hit a four week low, while the Bovespa stock index fell 0.9 percent on broad-based losses, giving up last session's gains.

  • BRASILIA, April 24- Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government's struggle to build support for its signature reform policy. 'said Jose Francisco de Lima, chief economist at Banco Fator in Sao Paulo. Jose Carlos Faria, head of Latin...

  • BRASILIA, April 24- Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government's struggle to build support for its signature reform policy. 'said Jose Francisco de Lima, chief economist at Banco Fator in Sao Paulo. Jose Carlos Faria, head of Latin...

  • April 24- Latin American stock markets broadly fell on Wednesday, with sharp losses seen among Brazil's stocks as cheer on a pension reform proposal passing a congressional hurdle wore off, while currencies in Latin America were pressured by a firm dollar. The proposal to reform Brazil's giant pension system- much awaited among investors- cleared a...

  • SAO PAULO, April 23- U.S. agricultural machine maker AGCO Corp said on Tuesday it would launch its flagship Fendt line of equipment in Brazil later this year, targeting large soybean farmers in the vast center-west region. Next year AGCO plans to launch sales of Fendt's biggest-yet planters and harvesters that will be produced in two plants in Brazil, looking to...

  • Brazil's pensions secretary said details of the government's pension reform proposal were still being ironed out prior to a congressional committee vote in the afternoon, with several local newspapers reporting the government had agreed to alter certain minor provisions. A report said the changes to the proposal agreed by President Jair Bolsonaro's...

  • BRASILIA, April 22- Brazil's President Jair Bolsonaro believes there is no reason for the country's truckers to go on strike, his spokesman said on Monday. General Otavio Rego Barros told reporters in Brasilia that the government's talks with truckers were aimed at securing a good outcome to avoid a strike. A 2018 truckers strike paralyzed Brazil's economy, and...

  • progress@ April 22- Latin American currencies weakened in quiet trade on Monday, and most while most regional stock indexes tracked Wall Street lower, pension reform optimism helped Brazil stocks retrace earlier losses to end flat. Brazil's real also turned lower against the dollar, with a closely watched survey showing that economists continue to slash...

  • BRASILIA, April 22- Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week. The survey was released a day before the Congressional Constitutional and Legal Affairs Committee is...

  • BRASILIA, April 20- Avianca Brasil has canceled more than 1,300 flights, Brazilian media reported on Saturday, as the bankrupt airline was forced to reduce its fleet by more than two-thirds. The cancellations, for April 19-28, are nationwide, with airports in Brasilia, Guarulhos in Sao Paulo, and Galeao in Rio de Janeiro, the hardest hit, O Estado de Sao Paulo reported.

  • **MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities for 2019 and economic outlook for Asia. MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities for 2019 and...

  • RIO DE JANEIRO, April 18- Brazilian President Jair Bolsonaro said on Thursday that he had "initial sympathy" toward the idea of privatizing state-run oil company Petroleo Brasileiro SA, a comment that gave the company's shares a minor jolt. Bolsonaro made the comment to national broadcaster GloboNews at an event in Sao Paulo. On Wednesday, Economy Minister Paulo...

  • RIO DE JANEIRO/ SAO PAULO, April 17- Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference. In an impromptu news conference at the Rio de Janeiro headquarters of Petrobras, as...

  • **SEOUL- Bank of Korea's monetary policy board meets 0100 GMT. BUDAPEST- Hungarian Central Bank Deputy Governor Ferenc Gerhardt's six-year term in the nine-member Monetary Council expires. THURSDAY, APRIL 25 MANILA- Asian Development Bank President Takehiko Tadao talks to the Foreign Correspondents Association of the Philippines on the bank's priorities...

  • SAO PAULO, April 17- Japan's Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world. Brazil, which is South America's largest auto producer, has largely resisted the shift toward electric and hybrid vehicle...

  • BRASILIA, April 16- Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in Petrobras' internal affairs, high-ranking government officials said on Tuesday. After a meeting of high-ranking officials in Brasilia on Tuesday, the government sought to portray the Friday incident as...

  • BRASILIA, April 16- Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in the firm's internal affairs, high-ranking government officials said on Tuesday. In separate comments, Economy Minister Paulo Guedes acknowledged that Bolsonaro had been responding to political...

  • April 16- Latin American stocks rose on Tuesday in line with world stocks as positive data from China and Germany boosted investor sentiment, while currencies in the region slid against a firm dollar. World stocks hit a more than six-month high on Friday as signs of stabilization in China's economy and positive data from Germany buoyed sentiment.