×

Latin America Brazil

  • SAO PAULO, Nov 11- Grupo Caoa, Hyundai's local partner in Brazil, said on Saturday it had bought 50 percent of Chinese automaker Chery's Brazilian operations, according to a written statement. The company, which will be known as Caoa Chery, plans to invest $2 billion in Brazil in the next five years, the statement said. Chery produces three models of cars in Brazil- the...

  • SAO PAULO _ BRF SA on Thursday reported third-quarter earnings of $41.1 million. On a per-share basis, the Sao Paulo- based company said it had net income of 5 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAO PAULO, Nov 9- Mexico's peso gained on Thursday after the central bank signaled it would not cut interest rates anytime soon after a recent currency slump threatens to fan inflation while Brazilian stocks fell after a batch of weak corporate reports. Mexico's peso firmed nearly 0.3 percent after the central bank said that the inflation outlook had worsened...

  • BRASILIA/ SAO PAULO, Nov 9- The court overseeing the debt restructuring of Brazilian telecoms company Oi SA on Thursday postponed a creditors meeting scheduled for Friday until Dec. 7, amid continued disagreements between shareholders and bondholders. Oi, Brazil's fourth-largest wireless carrier, filed with a bankruptcy court 16 months ago to restructure...

  • BRASILIA/ SAO PAULO, Nov 9- The Brazilian judge overseeing the debt restructuring of telecommunications firm Oi SA has delayed a creditors assembly scheduled for Friday to Dec. 7, allowing banks, regulators, bondholders and shareholders more time to reach a consensus.

  • BRASILIA, Nov 9- Brazil's energy policy council CNPE approved on Thursday the fourth round auction of pre-salt oil blocks and the 15th round under the concession regime, announcing planned dates for the auctions next year. The pre-salt auction of blocks in the Santos and Campos basins is planned for June 7, while the bidding for 70 blocks under the concession...

  • SAO PAULO— Brazilian media giant Globo has suspended the anchor of one of its flagship news programs after a video circulated online in which he appears to make racist comments. The video shot last year shows William Waack, in a Washington studio with a view of the White House behind him, about to go on the air when beeping is heard in the background.

  • The Mato Grosso branch of Aprosoja, the association representing the growers that filed the lawsuit at a federal court on Wednesday, claimed "the patent does not fully reveal the invention so as to allow, at the end of the exclusivity period, any person can freely have access to it." Mato Grosso farmers are leading a push in Brazil to replace genetically modified...

  • The Mato Grosso branch of Aprosoja, the association representing the growers that filed the lawsuit at a federal court in Brasília on Wednesday, claimed "the patent does not fully reveal the invention so as to allow, at the end of the exclusivity period, any person can freely have access to it." Mato Grosso farmers are leading a push in Brazil to replace genetically...

  • The Mato Grosso branch of Aprosoja, the association representing the growers that filed the lawsuit at a federal court in Brasília on Wednesday, claimed "the patent does not fully reveal the invention so as to allow, at the end of the exclusivity period, any person can freely have access to it." Mato Grosso farmers are leading a push in Brazil to replace genetically...

  • *Chicago corn falls as USDA seen boosting yield estimate Wheat rises on bargain-buying after 2 days of losses. Nov 9- Chicago corn futures lost ground on Thursday, falling for four out of five sessions with pressure on the market ahead of a key U.S. government report that is expected to boost production estimate. The most-active corn contract on the Chicago Board...

  • THURSDAY, NOVEMBER 9 SINGAPORE- Bank of England Executive Director Chris Salmon will be the Panellist at Profit and Loss Conference 0815 GMT. MEXICO CITY- Central Bank of Mexico publishes monetary policy statement. FRIDAY, NOVEMBER 10 SYDNEY- Reserve Bank of Australia issues statement on Monetary Policy 0030 GMT.

  • SAO PAULO, Nov 8- Embraer SA has stopped flying the first prototype of its new military cargo jet after a stall test last month pushed the aircraft beyond its operating limits, the planemaker said on Wednesday, adding that the project is still on schedule. The Brazilian Air Force has already ordered 28 of the aircraft for 7.2 billion reais, with two deliveries in...

  • SAO PAULO, Nov 8- The law firm representing a bondholder group in debt-laden Brazilian telecoms company Oi SA has asked a court to nullify decisions made by the company's board, according to a copy of the motion seen by Reuters on Wednesday. The motion by law firms including Pinheiro Neto Advogados, which represents the so-called Ad Hoc Group of Oi Bondholders,...

  • BUENOS AIRES, Nov 8- Brazil has abandoned plans to allow a 750,000 tonne quota to import tariff-free wheat from outside the South American trade bloc Mercosur, the Argentine government said. The decision came after a series of negotiations between Brazil and Argentina, a major global wheat exporter which mostly ships to its neighbor Brazil, the ministry of...

  • SAO PAULO, Nov 8- The first prototype of Embraer's new military cargo jet has been grounded after a stall test last month pushed the aircraft beyond its operating limits, the Brazilian planemaker said on Wednesday, adding that the project is still on schedule. Earlier on Wednesday, Brazilian trade publication Aero Magazine reported that test equipment inside...

  • PORTO ALEGRE, Brazil _ Gerdau SA on Wednesday reported third-quarter net income of $42.6 million. On a per-share basis, the Porto Alegre, Brazil- based company said it had profit of 3 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAO PAULO _ Gol Linhas Aereas Inteligentes SA on Wednesday reported third-quarter net income of $103.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HOUSTON/ LONDON, Nov 8- Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation- marketed as "Beyond Petroleum"- led to manufacturing solar panels in Australia, Spain and the United States and...

  • HOUSTON/ LONDON, Nov 8- Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation- marketed as "Beyond Petroleum"- led to manufacturing solar panels in Australia, Spain and the United States and...