Latin America Brazil

  • SAO PAULO, June 4- Brazil's power sector regulator ANEEL rejected on Tuesday the proposed transfer of wind power complex Alto Sertao III from Renova Energia SA to AES Tietê, a 1.34- billion real deal closed in April. Renova and AES Tietê were also seeking from ANEEL suspension of some fines related to delays in the complex's completion. Units in Renova were down...

  • SAO PAULO, June 4- Odebrecht SA's failure to sell its controlling stake in petrochemical company Braskem SA to LyondellBasell Industries NV and lack of cash are complicating the task of restructuring 80 billion reais in debt owed by the corruption-ensnared conglomerate, three sources with knowledge of the matter said. LyondellBasell said on Tuesday it...

  • SAO PAULO, June 4- Brazilian telecom Oi SA added more post-paid mobile clients in May than in April, commercial director Bernardo Winik said on Tuesday, as the company expanded its 4.5 G coverage in Latin America's largest economy. "April was better than the first quarter and May was better than April," he said at a press conference in Sao Paulo, adding that...

  • BRASILIA, June 4- Brazil's Agriculture Minister Tereza Cristina Dias said on Tuesday she expects China will soon lift a ban on Brazilian beef, which was announced Monday, following a case of atypical mad cow disease found in the state of Mato Grosso. The ban is significant for Brazilian beef producers because China is its largest foreign buyer.

  • SAO PAULO, June 3- Brazilian exporters selling beef to China face a temporary ban on shipments as Brazil deals with an atypical case of mad cow disease in Mato Grosso state, a representative of a leading exporter told Reuters on Monday on condition of anonymity. Beef exporters were formally told by the government that, as of Monday morning, issuance of...

  • BRASILIA, June 3- Brazil's central bank will focus on an agenda of' micro' measures and initiatives rather than macroeconomic policies to get credit and lending flowing, the head of the bank said on Monday. Reinforcing a stance he has taken since assuming office at the end of February, central bank chief Roberto Campos Neto told an audience in Sao Paulo that...

  • SAO PAULO, June 3- A representative of a leading Brazil- based beef exporter confirmed on Monday that the country's agriculture ministry has suspended beef exports to China after a case of mad cow was reported in the state of Mato Grosso. The representative, who was not authorized to speak to the media, said beef exporters were formally told by the government that...

  • SAO PAULO, June 3- Brazil's Agriculture Ministry has preemptively suspended beef exports to China after authorities found an atypical case of mad cow disease in Mato Grosso state, Valor Econômico reported on Monday. The ministry did not have a immediate comment. On Friday, the Brazilian government reported a case of atypical mad cow disease in an animal in Mato...

  • BUENOS AIRES, May 30- Brazilian mills will buy at least 5.5 million tonnes of wheat from Argentina in 2020 and 2.25 million tonnes of the grain between June and November this year, the Argentine government said on Thursday after a meeting with counterparts in Brazil. The announcement comes months after Brazil spooked Argentine farmers when it agreed to import...

  • BRASILIA, May 30- Brazilian state-run oil company Petrobras and sectors of the government are mobilizing in the lead-up to a Supreme Court session next week that could have a profound effect on privatizations in the country. In recent days, lawyers for Petroleo Brasileiro SA, as well as Brazil's Ministry of Mines and Energy and the federal solicitor-general's...

  • BRASILIA, May 30- Brazilian state-run oil company Petrobras and sectors of the government are mobilizing in the lead-up to a Supreme Court session later on Thursday that could have a profound effect on privatizations in the country. In recent days, lawyers for Petroleo Brasileiro SA, as well as Brazil's Ministry of Mines and Energy and the federal...

  • EXCLUSIVE-HOST HOTELS PLANS TO SELL 3 PROPERTIES IN RIO DE JANEIRO, WHERE OCCUPANCY RATES PLUNGED AFTER OLYMPICS- SOURCES.

  • BRASILIA, May 30- Brazil's economy shrank in the first quarter for the first time since 2016, data showed on Thursday, pushing Latin America's largest economy closer to a double-dip recession. Brazil's gross domestic product shrank 0.2% from the prior quarter, statistics agency IBGE said, in line with the median estimate in a Reuters poll.

  • BRASILIA, May 30- Brazil's economy shrank in the first quarter for the first time since 2016, data showed on Thursday, underscoring a deepening malaise in Latin America's largest economy and pushing it closer to a double-dip recession. Brazil's gross domestic product shrank 0.2% from the prior quarter, statistics agency IBGE said, in line with the median...

  • LONDON, May 30- Global stocks will continue their march to higher ground but an escalation of the U.S.- China trade war poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. "The trade war is the primary issue, with recent softness in U.S. macro- where resilience had been accepted wisdom- a product...

  • NEW YORK, May 29- Arabica coffee futures on ICE rose to their highest since Feb. 13 on Wednesday, extending a recent rebound from a 13-1/ 2- year low earlier in May, boosted by technically-driven buying and a strengthening in Brazil's real currency. *July arabica coffee settled 3.45 cents, or 3.6%, higher at 99.50 cents per lb. *Brazil's real has also recovered some...

  • RIO DE JANEIRO, May 28- Brazil's Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt. Petrobras, as the company is known, has set a June 5 deadline to receive final binding offers for its Pampo and Enchova oilfields off the coast of Rio de Janeiro, said two...

  • May 27- While most Latin American stocks weakened on Monday, Brazil shares rose sharply after a pro-government march mounted pressure on Congress to pass reforms seen as crucial to the economy. The real was flat at 1426 GMT, having risen up to 0.5% in early trade, while currencies in Mexico, Chile and Argentina slipped between 0.1% and 0.45% against a stronger...

  • BRASILIA, May 24- Brazil's Economy Minister Paulo Guedes threatened to step down in an interview published on Friday if his ambitious plans to overhaul the country's social security system are watered down and diluted into what he called a "little reform." "Logically, he is seeing this as a catastrophe, and I agree with him, if we do not approve a reform that is similar...

  • May 24- United Airlines said on Friday it had started a management overhaul at Colombia's Avianca Holdings, removing top shareholder German Efromovich from controlling the cash-strapped airline. The move follows a default by Efromovich's holding company BRW Aviation on a $456 million loan United had made as part of a proposed three-way partnership with...