Brazil Market Report Headlines

Mon, Oct 20 2014

STXNEWS LATAM-Eneva suspends debt-servicing payments for a month

Brazilian power generator Eneva SA has reached a deal with creditors to suspend debt-servicing payments until Nov. 21 in order to preserve its cash flow and stabilize the company's operations, according to a late Friday securities filing.

Stocks, Bonds, Markets, Financials 20 Oct 2014

Tue, Oct 7 2014

STXNEWS LATAM-Ternium says lost court case to reinstall Usiminas CEO

Luxembourg-based steelmaker Ternium said on Tuesday it lost a court case to have the former chief executive of Usiminas Julian Eguren reinstalled at the helm of the Brazilian company.

Stocks, Markets 07 Oct 2014

Mon, Oct 6 2014

STXNEWS LATAM-Brazil bankruptcy protection requests surge in September -Serasa

Companies in Brazil filed 181 requests for bankruptcy protection in September, up 21.5 percent from August in the worst monthly result so far this year, credit research company Serasa Experian said on Monday. Compared with the same month a year earlier, the number of bankruptcy requests rose 16 percent.

Stocks, Markets, Bonds, Bankruptcy 06 Oct 2014

Tue, Aug 19 2014

Brazil iron miner MMX shares tumble on report may file bankruptcy

RIO DE JANEIRO, April 19 - Shares in Brazilian tycoon Eike Batista's iron ore miner MMX Mineracao e Metalicos SA fell nearly 6 percent to an all-time low on Tuesday on a report that the company is going to ask a Brazilian court for protection from creditors.

Stocks, Bonds, Markets, Bankruptcy 19 Aug 2014

Thu, Aug 7 2014

STXNEWS LATAM-Claro seeks to become publicly listed company in Brazil

Claro Telecom Participações SA, the Brazilian wireless unit of Mexican telecom America Movil SAB de CV, asked Brazil securities regulator CVM on Thursday for permission to become a publicly listed company.

Fri, Jul 18 2014

STXNEWS LATAM-Brazil's biggest banks agree to expand shared ATM network

Seven of Brazil's biggest banks said on Friday they had reached a deal to expand their shared ATM network, Banco24Horas.

Mon, Jul 14 2014

UPDATE 1-Brazil's Diniz family sells $538 mln stake in retailer GPA

SAO PAULO, July 14 - The founding family of Brazil's biggest retailer, GPA SA, sold almost all of its remaining stake in the company, now run by French group Casino, on Monday, raising 1.19 billion reais ($538 million).

Stocks, Markets 14 Jul 2014

Mon, Apr 28 2014

STXNEWS LATAM-Brazil car sales up 30 pct in April so far -industry

Sales of new vehicles in Brazil have climbed about 30 percent so far this month from the same period of March, the president of national carmakers group Anfavea told journalists on Monday.

Stocks, Markets 28 Apr 2014

Wed, Mar 12 2014

STXNEWS LATAM-Brazil's Aegea seeks to become publicly listed company

Aegea Saneamento e Participações, a Brazilian sanitation company, on Wednesday asked securities regulator CVM for permission to register as a publicly listed company, a step that often precedes issuance of new debt or shares.

Wed, Mar 5 2014

STXNEWS LATAM-Batista companies extend test in Brazil offshore field

Brazilian tycoon Eike Batista's bankrupt shipmaker and sister oil company are extending tests in the offshore Tubarão Azul field until March 7, according to a Wednesday securities filing.

Markets, Stocks 05 Mar 2014

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.