Business News South America

  • BRASILIA, Jan 22- The global economic outlook has deteriorated and remains risky, but investor confidence in Brazil is justified by the reform agenda proposed by the new government, Central Bank Governor Ilan Goldfajn told Reuters on Tuesday. President Jair Bolsonaro's pledges to tackle corruption, overhaul the country's pension system and privatize state...

  • SAO PAULO, Jan 22- General Motors Co's Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after it said in a memo to workers that it was losing money in Brazil. A representative for the state government said in a statement on Tuesday that it has "...

  • subdued@ Jan 22- Stocks in Brazil fell on Tuesday dragged stemming from weak Chinese economic data and a lowered outlook for 2019 from the International Monetary Fund. Investor also focused on President Jair Bolsonaro's speech at the World Economic Forum in Davos, Switzerland, where he is slated to unveil details about the new government's economic reforms,...

  • SAO PAULO, Jan 22- Amazon.com Inc is launching its long-awaited in-house fulfillment and delivery network in Brazil after months of delays caused by complicated logistics and a highly complex tax system in the largest Latin American economy. In November, Reuters reported that Amazon's attempt to advance with its so-called Fulfillment by Amazon program in...

  • Jan 21- Latin American stocks saw their steepest one-day loss in nearly one month on Monday and currencies also weakened as negative local news added to the risk aversion from China data confirming global economic slowdown. The focus will be on the unveiling of the government's economic reforms, particularly pension reforms, by President Jair Bolsonaro's...

  • CARACAS, Jan 21- Venezuela's gold holdings in the Bank of England have jumped after it closed out a gold swap deal with Deutsche Bank, according to two sources, as Britain remains reluctant to release gold held for the troubled OPEC nation. The government of Nicolas Maduro has since last year been seeking to repatriate about $550 million in gold from the Bank of...

  • CARACAS, Jan 21- Venezuela's gold holdings in the Bank of England have jumped after it closed out a gold swap deal with Deutsche Bank, according to two sources, as Britain remains reluctant to release gold held for the troubled OPEC nation. Its holdings at the bank more than doubled in December to 31 tonnes, or around $1.2 billion, after Venezuela returned funds it...

  • CARACAS, Jan 21- Venezuela's government said on Monday it had suppressed a small military revolt after a group of officers stole weapons and kidnapped several officials, as a video posted online showed a sergeant demanding the removal of President Nicolas Maduro. The officers attacked a National Guard outpost in the Caracas neighborhood of Cotiza, a...

  • CARACAS, Jan 21- Venezuela has captured a group of military officers who stole weapons and kidnapped four officials, the government said in a statement on Monday, hours after a social media video showed a sergeant demanding the removal of President Nicolas Maduro. Protesters burned trash and a car outside the National Guard outpost where the officers were...

  • CARACAS, Jan 21- Venezuelan authorities have arrested a group of military officials for stealing weapons from a National Guard outpost, the government said in a statement, following a social media video in which a sergeant called for the removal of President Nicolas Maduro.

  • VENEZUELA'S ARMED FORCES HAVE DETAINED OFFICIALS AT A CARACAS MILITARY UNIT FOR STEALING WEAPONS: GOV'T STATEMENT.

  • CARACAS, Jan 21- A man identifying himself as a Venezuelan National Guard sergeant at a Caracas outpost called for the removal of President Nicolas Maduro, in a social media video circulating on Monday. Social media photos showed the presence of security forces in the area of the National Guard outpost. The United States and many Latin American nations say...

  • MAN IN VIDEOS SAYS HE WAS SPEAKING AT A NATIONAL GUARD OUTPOST IN CARACAS.

  • ANKARA- Central Bank of the Republic of Turkey publishes summary of its monetary policy committee meeting. ACCRA- Central Bank of Ghana holds monetary policy committee meeting. TUESDAY, JANUARY 29 PRAGUE- Czech Central Bank Vice-Governor Tomas Nidetzky gives an interview on monetary policy ahead of the February 7 board meeting where the central bankers...

  • SAO PAULO, Jan 18- Avianca Brasil's battle with its aircraft leasing firms intensified on Friday after Brazil's aviation regulator said it would no longer ground 10 of the struggling carrier's planes and another lessor renewed its effort to repossess 10 others. Aircastle Ltd and General Electric Co's GE Capital Aviation Services unit have been trying to...

  • *Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Donald Trump, who stole the Davos limelight last year with a rare appearance by a...

  • SAO PAULO, Jan 17- Brazil's aviation regulator said on Thursday it was going to ground 10 planes operated by Avianca Brasil, 20 percent of its fleet, prompting the carrier to go to court seeking to prevent the decision being enforced. Avianca Brasil said in a statement that the announcement by ANAC was "in disagreement with the judicial decision" in a Sao Paulo...

  • Brazil's Economy Minister Paulo Guedes is expected to detail the pension reform proposal at the World Economic Forum's annual meeting in Davos next week, a government source said on Thursday. Brazilian President Jair Bolsonaro's chief of staff earlier this week had said that the government will settle on a model for its pension reform proposal only after...

  • *Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Outside the G7, the leaders of Russia and India are shunning Davos, while China- whose...

  • SAO PAULO, Jan 16- Brazilian planemaker Embraer SA said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co closes, although it warned of little or no profit in the next two years. In 2018, Embraer failed to meet several of its projections, coming up at least $250 million short of its...