Brazil

Santander raises stake in Brazil unit after buyout offer

MADRID - Spanish bank Santander's stake in its Brazilian unit will rise to 88.3 percent, it said on Friday, after it offered to buy out minority shareholders last month in an effort to turn around the underperforming subsidiary.

At Brazil auto show, industry wonders if it can get any worse

SAO PAULO - Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.

29 Oct 2014

Exclusive: Chanos takes profit on his top 2014 short sale - Brazil

NEW YORK - Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country's downside risk is priced in after the sharp selloff over the past two months. | Video

Money, 28 Oct 2014

Exclusive: Chanos takes profit on his top 2014 short sale - Brazil

NEW YORK - Hedge fund manager Jim Chanos, the prominent short-seller, said Tuesday he has lightened up on some of his bets against Brazil, saying most of the country's downside risk is priced in after the sharp selloff over the past two months. | Video

Money, 28 Oct 2014

Oil, weak German data drag on stocks; Brazil sinks

NEW YORK - Global equity markets slipped on Monday, hit by weak German business sentiment and another decline in oil, while Brazil slumped after incumbent Dilma Rousseff narrowly won a second term over an opponent seen as more pro-business.

27 Oct 2014

Rousseff win rattles Brazil markets, focus turns to economy

SAO PAULO - President Dilma Rousseff's narrow re-election victory met with cold reality on Monday as Brazil's financial markets tumbled on doubts that she can restore confidence in the economy and maintain political support in a sharply divided nation. | Video

World, 27 Oct 2014

Rousseff's rough victory augurs more divisive era in Brazil

SAO PAULO - The turning point in President Dilma Rousseff's re-election campaign came on the evening of Sept. 1, after a disastrous presidential debate at which she confessed to the audience that she was "nervous" and stumbled over several words.

World, 27 Oct 2014

Cutrale-Safra wins takeover battle for fruit producer Chiquita

SAO PAULO - Chiquita Brands International Inc agreed on Monday to a $682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based banana producer going private early next year at the latest.

Deals, 27 Oct 2014

Leftist Rousseff narrowly wins second term in Brazil

SAO PAULO/BRASILIA - Brazil's leftist President Dilma Rousseff narrowly won re-election on Sunday after convincing voters that her party's strong record of reducing poverty over the last 12 years was more important than a recent economic slump. | Video

World, 26 Oct 2014

Brazil presidential campaign ends in slugfest over corruption

BRASILIA - Presidential candidates traded accusations over political corruption on Friday night in a last ditch attempt to sway undecided voters before Sunday's election runoff in Brazil's closest race in decades. | Video

World, 25 Oct 2014
Photo

Kurds' battle for Kobani unites a people divided by borders

ARBIL Iraq - Cloaked in Kurdish flags, thousands of people lined the roads to cheer on a military convoy headed for what was -- until recently -- an obscure Syrian border town, now the focus of a global war against the militants of Islamic State.