Edition:
International

Alberto Alerigi

Telecom giants shell out $1.27 billion in first day of Brazil's 5G auction

Nov 04 2021

SAO PAULO (Reuters) -Local units of America Movil, Telefonica, Telecom Italia and a number of local firms spent well over a billion dollars on Thursday in order to scoop up valuable spectrum dedicated to fifth-generation (5G) wireless technology in Brazil.

Brazilian food retailer GPA's shares jump after $949 million deal with Assai

Oct 15 2021

SAO PAULO Shares in Brazilian food retailer GPA soared on Friday after it announced a deal to sell 71 of its stores for up to 5.2 billion reais ($949 million) to Assai, whose stock plunged.

Auto output dives in Brazil, Mexico as chip shortages bite

Oct 06 2021

MEXICO CITY/SAO PAULO (Reuters) -Automotive production in Brazil and Mexico, Latin America's two largest economies, plummeted in September, dragged down by an industry-wide semiconductor chip shortage and railroad blockades in Mexico, data showed on Wednesday.

Brazil sets 5G mobile auction for Nov 4, expects to raise $1.9 billion

Sep 24 2021

SAO PAULO (Reuters) -Brazil's government has scheduled an auction of fifth generation (5G) mobile spectrum for Nov. 4, with expectations that it will raise around 10 billion reais ($1.87 billion) based on the minimum bids allowed, government officials said on Friday.

Chips shortage limits auto production in Brazil, automakers association says

Jun 08 2021

SAO PAULO Automaker's plants in Brazil have reached a "production ceiling" after the first five months of the year, below pre-pandemic levels, due to a shortage of computer chips, the South American nation's automakers association said on Tuesday.

Lojas Americanas to transfer assets to B2W, plans U.S. listing next year

Apr 28 2021

SAO PAULO (Reuters) -Lojas Americanas SA will transfer its assets to fellow Brazilian retailer B2W under a stock transaction agreement approved by both companies' boards, according to filings on Wednesday.

Brazil raises $600 million in privatization auction of 22 airports

Apr 07 2021

SAO PAULO Brazil on Wednesday auctioned 22 airports, raising 3.3 billion reais ($593.11 million), with the largest group of airports won by infrastructure company CCR , part of a wave of privatizations that the government is pushing.

Ford to close Brazil manufacturing operations, take $4.1 billion in charges

Jan 11 2021

DETROIT/SAO PAULO Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about $4.1 billion as the COVID-19 pandemic amplified the company's under use of its manufacturing capacity.

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