SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency IBGE said on Friday, underscoring …
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Business News
Brazil’s public sector gross debt steady at 73.6% of GDP in June
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s public sector debt remained stable at 73.6% of its gross domestic product (GDP) in June despite a significant negative primary result for the month, showed central …
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Business News
Brazil’s Vale to sell 13% stake in base metals unit for $3.4 billion
by Reutersby ReutersBy Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, …
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Business News
Brazil’s postal service inks deal with Shopee to sell products to Asia
by Reutersby Reuters(Reuters) – Brazil’s postal service Correios said on Wednesday it has signed an agreement with Singaporean shopping app Shopee to boost exports of Brazilian products to Southeast Asian markets. Shopee, …
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Business News
Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, emphasizing ample scope for monetary …
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Business News
Brazil’s Copel to launch privatization offering of up to $1 billion
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday of up to 5 billion reais ($1.05 billion) to take …
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Business News
Brazil’s GPA again rejects Colombian tycoon’s bid to buy 51% of Exito
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian retailer GPA said on Thursday its board rejected a second offer from Colombian billionaire Jaime Gilinski to acquire a 51% stake in its subsidiary Almacenes …
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Business News
Brazil’s Lula to issue counter-proposal on Mercosur trade deal in 2-3 weeks
by Reutersby ReutersBy Catarina Demony and Andrew Gray (Reuters) -Brazilian President Luiz Inacio Lula Da Silva said on Wednesday he will send the European Union a counter-proposal on the long-delayed trade deal …
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Business News
Colombian tycoon makes offer for Exito stake held by Brazil’s GPA
by Reutersby Reuters(Reuters) – Brazilian retailer GPA announced it received a new offer from Colombian billionaire Jaime Gilinsky to buy part of GPA’s stake in its Colombian subsidiary Almacenes Exito, GPA said …
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Business News
Brazil’s economic activity surprises negatively with 2% decline in May
by Reutersby ReutersBRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country’s growth, even as analysts have been …
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Business News
Brazil’s Azul launches notes offering as part of broad restructuring plan
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028, fulfilling its pledge to raise additional capital as …
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Business News
Local markets more upbeat about Brazil’s economy under Lula, poll shows
by Reutersby ReutersSAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll showed on Wednesday, …
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Business News
Brazil’s Ebanx partners with Nubank to offer payment service to customers
by Reutersby ReutersBy Carolina Pulice MEXICO CITY (Reuters) – Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank Nubank to offer more payment …
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BRASILIA (Reuters) – Brazil’s lower house passed a bill on Friday aimed at raising the bar for companies to win challenges to their tax bills, delivering a win for the …
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Business News
Google hires Brazil’s Temer to lobby on controversial internet bill
by Reutersby Reuters(Reuters) -Google has hired Brazilian former President Michel Temer to lobby lawmakers considering a proposal to regulate the internet, his adviser said on Friday. The legislative proposal, also known as …
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By Gabriel Araujo SAO PAULO (Reuters) – Power grids around the world are not yet ready for the so-called flying car, an executive with Brazilian start-up Eve Air Mobility told …
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Business News
Brazil’s monetary easing crucial for ‘adequate’ 2024 -Treasury secretary
by Reutersby ReutersBRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” 2024, emphasizing that high interest …
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Business News
Brazil’s Lula calls for ‘common sense’ negotiations on EU-Mercosur trade pact
by Reutersby Reuters(Reuters) – Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union and the Mercosur to set aside arrogance and negotiate the long-awaited trade agreement between the …
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Business News
Brazil’s Americanas rushes to produce new financials, strike deal with debt holders
by Reutersby ReutersBy Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for …
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US and World News
Brazil’s Lula discusses Ukraine war, BRICS with South African leader
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an upcoming BRICS summit with his …
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US and World News
Brazil’s Lula says EU should ‘give up’ protectionism to reach Mercosur deal
by Reutersby ReutersBy Catarina Demony (Reuters) – Brazil’s President Luiz Inacio Lula da Silva said on Thursday the European Union should stop adopting a protectionist stance if it wants to reach a …
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PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the company’s share …
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US and World News
Brazil’s Lula discusses peace, poverty and inequality with pope
by Reutersby ReutersVATICAN CITY (Reuters) – Pope Francis met Brazilian President Luiz Inacio Lula da Silva on Wednesday and discussed a range of common concerns including peace, poverty, inequality and the environment, …
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Business News
Brazil’s Embraer returns to China with deal for freight conversions
by Reutersby ReutersBy Gabriel Araujo SAO PAULO (Reuters) – Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with a local partner in the …
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Business News
Nidec to form joint venture with Brazil’s Embraer to make flying car parts
by Reutersby ReutersTOKYO (Reuters) – Nidec said on Sunday that it is teaming up with Brazilian firm Embraer to form a new company that will make parts for flying cars and be …