Latin America Brazil

  • SAO PAULO, Aug 6- Brazil's state-controlled oil company Petroleo Brasileiro SA is studying the creation of a subsidiary comprised of around 15 power plants, which could then be sold through an initial public offering, analysts at XP Investimentos said in a report sent to clients on Tuesday. Analysts at the Sao Paulo brokerage led by Gabriel Fonseca wrote the...

  • Beijing on Monday allowed the yuan to fall below the key 7.00 per dollar level and later said it would stop buying U.S. agricultural products, inflaming a worsening trade war with the United States. Brazil's real extended losses to a sixth straight session, down 1.8% at a two-month low, while Sao Paulo's main stock index gave up 2.6% in its worst session since...

  • Aug 5- Latin American assets tumbled on Monday as escalation of U.S.- China trade tensions pushed investors to pile on to safe-heavens like government bonds and gold, while the yuan fell to its lowest levels in over a decade. China's yuan, a key component of the emerging market currency index, fell through the key level of 7 per dollar for the first time in a decade,...

  • *Brazil's real weakens to lowest level in six weeks. Aug 2- Brazil's real hit a six-week low on Friday, leading losses among Latin American currencies as an escalation in U.S.- China trade tensions turned investors risk-averse, although upbeat production numbers from oil firm Petrobras lifted Sao Paulo- listed shares. President Donald Trump on Thursday vowed...

  • NEW YORK/ LONDON, Aug 2- Raw sugar prices on ICE slipped on Friday as traders focused on lower oil prices and excess supplies, while arabica coffee climbed ahead of a weekend in which cold, potentially crop-damaging weather is expected in top grower Brazil. *October raw sugar settled down 0.1 cent, or 0.8%, at 12.02 cents per lb, after hitting a July 23 low of 11.89.

  • Aug 2- Latin American currencies fell on Friday as U.S.- China trade tensions pulled investors away from riskier assets, but a smashing quarter from Brazilian state-run oil firm Petrobras helped Brazil stocks outperform regional indices. Federal Reserve's hawkish rate-cut outlook earlier this week, fell to near two-month lows, with Latin American...

  • BRASILIA, Aug 1- Brazilian President Jair Bolsonaro said on Thursday that if a senior government scientist had betrayed his confidence regarding deforestation data, he would be fired, underlining how growing international pressure to protect the Amazon is weighing on his government. Bolsonaro, a far-right, former army captain elected last year, has long been...

  • RIO DE JANEIRO/ SAO PAULO, Aug 1- Brazil's Vale SA is expecting its results to improve in the third quarter after the company surprised analysts by posting a quarterly loss because of writedowns related to a deadly dam burst in January, its chief financial officer said on Thursday. "We hope the second quarter was transitional and that we're going to have quite a...

  • BRASILIA, July 31- Brazil has begun negotiating a trade agreement with the United States, the South American country's economy minister said on Wednesday, kicking off knotty talks between longstanding competitors whose leaders want closer commercial ties. Brazil and the United States compete in key areas like agriculture, making it likely the trade talks...

  • July 31- Latin American currencies weakened against a strong dollar on Wednesday after the U.S. Federal Reserve cut interest rates as expected, but chief Jerome Powell's comments disappointed investors who had hoped for a more dovish stance. Simon Harvey, an FX analyst at Monex Europe pointed to Powell striking a more hawkish tone at the news conference...

  • *U.S., China negotiators conclude meetings ahead of schedule. *The two sides will reconvene in September, China says. *The two discussed further Chinese agriculture buys- China.

  • *U.S., China negotiators shake hands as talks resume. China state media says U.S. must respect China's interests. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin landed in the Chinese commercial hub on Tuesday, Trump accused Beijing on Twitter of stalling, and warned of a worse outcome for China if it continued to do so.

  • July 30- Concerns about U.S.- China trade tensions and anxiety ahead of the U.S. President Donald Trump warned China against waiting out his first term to finalize any trade deal, saying the outcome could be no agreement or a worse one if he won a second term. "With cross-currents persisting and inflation remaining subdued, we look for the Fed to leave the door open...

  • SAO PAULO/ WASHINGTON, July 30- The Trump administration could respond by next week to companies that have requested special licenses to sell to Chinese telecoms giant Huawei Technologies Co Ltd, U.S. Commerce Secretary Wilbur Ross said on Tuesday during a visit to Brazil. Ross said he expects a decision on the licenses will be "forthcoming" by the time he returns...

  • NEW YORK/ LONDON, July 30- Arabica coffee futures on ICE fell on Tuesday, erasing the previous session's gains as concerns about cold, frost-inducing weather in top-grower Brazil began to fade. *Prices slipped as concerns about the potential for a crop-damaging frost in top-grower Brazil dwindled, dealers said. * "Freezing temperatures reach towards the edges of...

  • WASHINGTON/ BRASILIA, July 30- President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas. "We're going to work on a free trade agreement with Brazil," Trump told reporters at the White...

  • SAO PAULO, July 25- Brazilian retailer GPA SA expects higher profit margins over the next few months, as sales seem to be reacting on the second half, group executives told journalists on Thursday. GPA, owned by France's Casino Guichard Perrachon SA topped analyst forecasts and announced late on Wednesday that it plans to convert all its preferred shares into...

  • BRASILIA/ RIO DE JANEIRO, July 25- Brazil's top court on Thursday ordered state-run oil company Petroleo Brasileiro SA to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips. Brazilian Foreign Minister Ernesto Araujo told reporters in Brasilia that the legal process must...

  • BRASILIA, July 23- Brazil's government will free up a total of 42 billion reais from a workers' guarantee fund over the next two years, Economy Minister Paulo Guedes said on Tuesday, in an effort to boost flagging economic growth. It should be about 30 this year, about 12 next year... but there will be new, interesting things announced too, "Guedes told reporters in...