Dec 11- XP Inc, Brazil's largest digital broker, saw its shares soar 25% in its Nasdaq debut on Wednesday, and the company said it will use the $1 billion proceeds from the share offering to boost its banking unit. The company's chief executive, Guilherme Benchimol, told journalists on a call that by widening its range of financial products, including offering...
decision eyed@ Dec 11- Brazil's real hit its highest in a month on Wednesday ahead of a likely interest rate cut by the country's central bank, while other Latin American currencies held gains after the U.S. The real rose 0.4% to 4.1314 against a steady dollar, while Sao Paulo- listed stocks were flat. Analysts say markets have priced in what is expected to be the final...
*Ride-hailing company has 600,000 drivers in Brazil. Instead, he rents Brazil's best-selling car, the Chevrolet Onix hatchback, for 390 reais a week from Localiza Rent a Car, the country's largest rental company. Pereira lost his job at a law firm a few months ago, joining Brazil's 12 million unemployed.
SAO PAULO/ BRASILIA, Dec 10- Brazilian authorities widened a political graft investigation on Tuesday to target telecom firms Oi and Telefonica Brasil over alleged irregular payments to a company part-owned by the son of former President Luiz Inacio Lula da Silva. It was not immediately possible to locate a representative for his son, Fábio Luis Lula da Silva.
SAO PAULO/ BRASILIA, Dec 10- Brazilian authorities widened a political graft investigation on Tuesday to target telecom firms Oi and Telefonica Brasil over alleged irregular payments to a company part-owned by the son of former President Luiz Inacio Lula da Silva. It was not immediately possible locate a representative for his son, Fábio Luis Lula da Silva.
BRASILIA, Dec 10- Brazilian state-controlled lender Banco do Brasil's Chief Executive Rubem Novaes on Tuesday predicted the bank was unlikely to be privatized even though he would favor such a move.
RIO DE JANEIRO, Dec 10- Brazilian authorities widened a political graft investigation to target telecom firms Oi and Telefonica Brasil on Tuesday over alleged irregular payments to a company part-owned by the son of ex-president Luiz Inacio Lula da Silva. A lawyer for Lula declined to comment and it was not immediately possible for Reuters to locate a...
BRASILIA, Dec 9- Brazil's president, Jair Bolsonaro, said on Monday that trade with Argentina will continue as normal after President-elect Alberto Fernández's inauguration later this week. "Our trade with Argentina remains the same, no problem, it will not change at all," Bolsonaro told journalists outside his official residence in Brasilia, when asked about...
RIO DE JANEIRO, Dec 9- Brazil's record-low interest rates and exchange rate threaten to accelerate Amazon deforestation, which has already risen sharply under Brazil's farm-friendly President Jair Bolsonaro, economists tell Reuters. With Bolsonaro rolling back environmental enforcement and China gobbling up record volumes of Brazil's farm goods,...
BRASILIA, Dec 6- Brazil's real rallied 1% against the dollar on Friday, in its biggest weekly rise in six weeks, as traders continued to buy the currency after it hit a record low last week. Official figures showed the economy grew by 0.6% in the third quarter, faster than economists had expected, and the Economy Ministry revised up the last three months' export...
SAO PAULO, Dec 6- Brazilian meatpacker JBS SA said in a securities filing late on Friday the company is considering a U.S. listing of its international assets but not a change of its headquarters. In the filing, JBS also denied an earlier report by Brazilian newspaper Folha de Sao Paulo that cited an alleged June plan, mentioning a potential change of headquarters...
SAO PAULO, Dec 6- Meatpacker JBS SA's plans for an initial public offering in the United States include redomiciling of its headquarters, one source with knowledge of the matter said on Friday. Separately, newspaper Folha de Sao Paulo reported on Friday afternoon, citing documents of a June plan for the IPO, that JBS would transfer its headquarters to the...
BRUSSELS, Dec 5- An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co, calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion...
*Central America, Colombia, Brazil all short of quality coffee. LONDON/ SAO PAULO, Dec 5- A shortage of high quality arabica coffees has boosted spot prices in Central America, Colombia and Brazil, catching speculators who bet on falling futures prices by surprise. The stocks have fallen from 2.5 million bags in March to 2.1 million with the harvest in Central...
UNITED NATIONS/ BRASILIA, Dec 4- Brazil is in danger of losing its vote at the cash-strapped United Nations if it does not pay some of the $400 million it owes by the end of the year, U.N. and Brazilian officials said. Brazil is the second-largest U.N. debtor after the United States and must pay at least $126.6 million by the end of the year to avoid losing its vote, Gomes...
UNITED NATIONS/ BRASILIA, Dec 4- Brazil is in danger of losing its vote at the cash-strapped United Nations if it does not pay some of the $400 million it owes, U.N. and Brazilian officials said. Brazil is the second-largest U.N. debtor after the United States and the Brazilian government must pay at least $126.6 million by the end of the year to avoid losing its vote,...
RIO DE JANEIRO, Dec 3- The Chief Executive Officer of Engie's Brazilian subsidiary said the French company group wants to acquire the 10% stake still owned by state-controlled oil company Petrobras SA in the natural gas pipeline company TAG. Mauricio Bahr told reporters in Rio de Janeiro the TAG investors group led by Engie will enter in talks to acquire the...
BRASILIA, Dec 3- Brazil's economy appears to be on a stronger footing than most observers had believed, official figures showed on Tuesday, with growth in the third quarter beating expectations and previous readings going back to last year being revised higher. "The latest figures and revisions are a much-needed boost to the economy, but above all, reflect the...
President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, "effective immediately," were necessary because " Brazil and Argentina have been...
President Donald Trump's surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro's aim of forging closer ties with Washington and could push Latin America's No. 1 economy closer to Trump's top trade foe- China. Once in office, he doubled down on Trump but also held back on bashing Beijing in favor of a more pragmatic approach with...
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