News & Articles

News & Articles

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10/15/14 Cutrale-Safra Raises Offer for Chiquita to $658 Million

Brazil’s Cutrale Group and Safra Group boosted their offer to buy Chiquita Brands International Inc. (CQB) to about $658 million, raising pressure on the banana producer to cancel its planned purchase of an Irish competitor....

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10/15/14 Australia, Brazil Seen Taking 90% of Worldwide Iron Ore Trade

Australia and Brazil, the largest iron ore producers, will raise their combined share of global seaborne supply to 90 percent as they boost output and spur the closure of higher-cost mines, according to Macquarie Group Ltd. The...

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10/15/14 MetLife Extends Brazil Bet by Providing Largest Farm Loan

MetLife Inc. (MET) made its biggest Brazilian agricultural loan with a $150 million mortgage for soybean producer Amaggi Group. The loan has a floating rate and a term of 12 years, according to a statement today from New York-...

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10/15/14 Brazil retail sales recover more than expected in August

Retail sales in Brazil rose more than expected in August, rebounding from a sharp July drop as demand increased for fuel, pharmaceuticals and clothing despite the weakest consumer confidence in more than five years. Sales volumes...

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10/15/14 Big Brazil banks look well placed to ride out economic downturn

Brazil's economy has stagnated and will remain weak well into 2015 but its big private-sector banks are poised to safely weather the downturn thanks to a cautious business model that keeps a lid on risky lending and costs. Latin...

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10/07/14 ‘Meta fiscal poderá ser plurianual’, diz brasileiro consultor do Banco Mundial

RIO — Vivendo há mais de 10 anos em Washington, onde trabalhou no Banco Interamericano de Desenvolvimento e como diretor-executivo do Banco Mundial, Otaviano Canuto é um dos citados como possível ministro da Fazenda num eventual...

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10/07/14 Gap Helps Iguatemi Luxury Malls Expand Amid Brazil Slump

Fast-fashion purveyor Forever 21 and makeup retailer Sephora are helping drive expansion plans at Iguatemi Empresa de Shopping Centers SA, the Brazilian mall company with the best sales over the past year. U.S. and European...

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10/03/14 Rio 2016 Olympics on track, says IOC

The International Olympic Committee says it is satisfied with the progress made by the Brazilian city of Rio de Janeiro in its preparations for the 2016 Olympics. Less than six months ago, a senior IOC official criticised Rio's...

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10/02/14 Brazilian M&A deals jump in third quarter despite election fears

Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-...

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10/01/14 Ouro Fino aims to complete first Brazilian IPO this year

Ouro Fino Saúde Animal Participações SA, Brazil's third-largest veterinary products maker, seeks to raise up to 363.5 million reais ($148 million) from investors in an initial public offering slated to price next month, which...

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10/01/14 U.S. Said to Reach Deal With Brazil Ending Cotton Dispute

The U.S. and Brazil have reached a $300 million agreement resolving a trade dispute over cotton subsidies that has bedeviled the two nations for more than a decade, according to an American government official. The accord to be...

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10/01/14 U.S. Said to Reach Deal With Brazil Ending Cotton Dispute

The U.S. and Brazil have reached a $300 million agreement resolving a trade dispute over cotton subsidies that has bedeviled the two nations for more than a decade, according to an American government official. The accord to be...

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09/30/14 Anglo American gets operating permit for Brazil iron ore project

Anglo American Plc received an operating license for a iron ore mine and processing plant in Brazil's state of Minas Gerais, the company said on Tuesday, moving the long-delayed and over-budget project closer to completion.

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09/30/14 Advent Bets on Rio’s Christ Statue as Tourism Surges

Three million visitors make the trek to the Christ the Redeemer monument each year in Rio de Janeiro. Advent International Corp. thinks the landmark can attract a lot more. Advent and other private-equity firms are making record...

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09/30/14 Utility Celesc Seeks Partners for Renewable Projects in Brazil

Brazilian power utility Centrais Eletricas de Santa Catarina, known as Celesc, is seeking partners for hydro, wind, thermal, solar and biomass energy projects. Celesc is giving companies interested in the joint ventures 30 days...

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09/30/14 U.S., Brazil close to ending cotton trade rift

The United States and Brazil are close to settling a decade-old trade dispute over cotton subsidies, three Brazilian sources close to the talks told Reuters, in what would be the first concrete step to repair ties hurt by an...

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09/30/14 America Movil's Brazil unit wins first new 4G license

Claro, the Brazilian mobile operator run by Mexico's America Movil SAB de CV, won a new national broadcast license for fourth-generation (4G) cell spectrum in the 700 MHz range with a bid of 1.947 billion reais ($795 million) on...

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09/30/14 Brazil expects $4 bn from 4G spectrum auction

The Brazilian government expects revenues of 8.2 billion reais ($4 billion) from this week's auction of six licenses to operate 4G mobile phone services. Telefonica, Claro, TIM and Algar will bid for concessions of bandwidth in...

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09/30/14 Brazil's BNDES keeps benchmark rate unchanged for 7th quarter

Brazil's National Monetary Council decided on Monday to maintain for a seventh quarter the rate at which loans at Brazil's state development bank BNDES are pegged.

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09/29/14 Brazil Giving Exporters $2.5 Billion in Tax Breaks, Mantega Says

Brazil will grant tax breaks to exporters that will cost the government about 6 billion reais ($2.5 billion) next year as policy makers struggle to pull Latin America’s largest economy out of recession. The government next month...

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