Brazil

Oi, America Movil, Telefonica to bid for Brazil's TIM, sources say

SAO PAULO/MILAN - Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion) for TIM ParticipaƧƵes SA , two sources with direct knowledge of the matter said on Friday.

Election-year water crisis taking a toll on Brazil's economy

SAO PAULO - After a grueling election campaign in which officials faced fierce criticism for downplaying the effects of a year-long drought, Brazil's most populous state is finally coming to terms with an uncomfortable reality: it is running out of water.

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.

Deals, 5:09am EDT

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
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Kurdish peshmerga forces enter Syria's Kobani after further air strikes

SURUC Turkey/BAGHDAD - A convoy of Iraqi Kurdish forces in Turkey rolled late on Friday across the border into Syria to help Syrian Kurds defend the besieged town of Kobani that has become the focus of a Western-backed war against Islamic State insurgents. | Video