Latin America Brazil

  • RIO DE JANEIRO, Feb 12- Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company's chief financial officer said on Tuesday. The CFO, Luciano Siani, was asked about management's knowledge of the internal documents at a news conference a day after Reuters...

  • Feb 12- Latin American currencies strengthened on Tuesday, in line with other emerging market peers, with Brazil's real on course to break a seven-session losing streak as investors' appetite for riskier assets increased and the dollar's rally lost steam. The Mexican and Chilean pesos climbed 0.3 percent each, while Brazil's real jumped 1 percent after having...

  • *U.S.- China trade tensions pressure Chicago soybean futures. SINGAPORE, Feb 8- Chicago soybean futures were little changed on Friday with the market set for a second consecutive weekly loss on concerns over a prolonged Washington- Beijing trade war and slowing global economic growth. "There is not much positive news on U.S.- China trade negotiations as Trump...

  • SYDNEY, Feb 8- U.S. soybean futures held steady on Friday, but were poised to record their second consecutive weekly loss amid concerns over a prolonged trade war between Washington and Beijing. *The soy harvest in Brazil's second-largest producing state of Parana is well ahead of last season, with limited damage to the fields from drought, state agricultural...

  • Feb 7- Most Latin American stocks fell on Thursday as fears about slowing global growth weighed, and while Latin America currencies broadly softened against the dollar, the implicit hawkishness perceived in an outlook from Mexico's central bank supported the peso. Alessandro Faganello, a trader with Advanced Corretora in Brazil, said markets were adjusting...

  • Feb 7- The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil's Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter. Attorney's office for the Eastern District of New York is...

  • Feb 7- The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil's Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter.

  • BRASILIA, Feb 7- Brazil's economy minister, Paulo Guedes, on Thursday met the president of Brazil's Senate, Davi Alcolumbre, to discuss pension reform. Guedes told reporters the economic team will design alternatives, but President Jair Bolsonaro, currently recovering from surgery in Sao Paulo, will define the details. Guedes said the government does not intend...

  • CHICAGO, Feb 7- U.S. soybean futures fell for the first time in five sessions on Thursday on new concerns that the U.S.- China trade war may stretch beyond a March 1 deal deadline, with the two countries' leaders unlikely to meet during upcoming talks. Earlier on Thursday, White House adviser Larry Kudlow said in an interview on Fox Business Network that there was a...

  • Feb 7- Latin American currencies were subdued on Thursday against a strong dollar but Mexico's peso steadied ahead of the year's first monetary policy meeting and stocks in Brazil recovered from their worst intra-day fall in eight months in the previous session. The greenback rose to its highest level in two-weeks on recent robust U.S. economic data, aided by...

  • *Market participants await USDA reports on Friday. SYDNEY/ PARIS, Feb 7- U.S. soybean futures edged lower on Thursday, retreating for the first time in five sessions as concerns about lower yields of South American crops eased on a positive rain forecast. The most active soybean futures on the Chicago Board of Trade were down 0.2 percent at $9.20-1/ 4 a bushel by 1155...

  • SYDNEY, Feb 7- U.S. soybean futures edged lower on Thursday, retreating for the first time in five sessions, as concerns about lower yields of South American crops eased on good rain forecast. The most active soybean futures on the Chicago Board of Trade were down 0.2 percent at $9.20-1/ 4 a bushel by 0227 GMT, having firmed 0.2 percent on Wednesday.

  • SAO PAULO, Feb 6- The Brazilian state of Minas Gerais canceled Vale SA's license to operate a dam at one of its largest mines, the company said on Wednesday, following the collapse of another dam in the state that killed an estimated 300 people. Vale shares on Sao Paulo's Bovespa exchange fell 4.9 percent to a seven-day low of 42.46 on Wednesday, while its U.S. traded...

  • BRASILIA, Feb 6- Brazil's central bank held interest rates at a record low on Wednesday as expected, and signaled it is in no rush to change them even though inflationary pressures have cooled. The bank's nine-member monetary policy committee, known as Copom, voted unanimously to keep the benchmark Selic rate at 6.50 percent for the seventh straight meeting, as...

  • BRASILIA, Feb 4- Brazil's government has opened discussions with congressional leaders, state governors and mayors on a pension reform bill that would set the minimum retirement age for men and women at 65, a government official said on Monday. The proposal is one of several under consideration, as President Jair Bolsonaro looks to get the legislative ball...

  • OTTAWA, Feb 4- A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year's disputed presidential vote. Sources briefed on the matter said that the 14- nation Lima Group looked set, though, to hold off imposing...

  • OTTAWA, Feb 4- A major bloc of Latin American nations and Canada will discuss on Monday how to maintain pressure on Venezuelan President Nicolas Maduro to hold new elections as he faces widespread calls to resign after last year's disputed presidential vote. Sources briefed on the matter said that the 14- nation Lima Group looked set, though, to hold off imposing...

  • BRUMADINHO, Brazil, Jan 31- Residents devastated by a mining dam burst in Brazil that may have killed more than 300 people reacted on Thursday with indifference and in many cases anger to miner Vale SA's pledges to pay victims' families and improve safety. With 110 people confirmed dead and another 238 missing, according to firefighters' count on Thursday evening,...

  • BRUMADINHO, Brazil, Jan 30- Brazilian rescue teams have recovered the bodies of 99 people buried after the rupture last week of a Vale tailings dam, and with over 250 people still missing, relatives at the disaster site are fast losing hope. No survivors have been found in the area of the dam burst since Saturday, indicating the death toll could rise to as many as 360...

  • *Vale to spend $1.3 bln over 3 years to shut dams. BRUMADINHO, Brazil, Jan 30- Vale SA's shares recovered some extensive recent losses on Wednesday that were triggered by a deadly tailing dam collapse, after the world's largest iron ore producer announced a plan to sacrifice production for safety. Vale will cut 10 percent of its output by decommissioning 10 dams,...