Edition:
United States

Aluisio Alves

Brazil's Sao Paulo state to offer tax incentives to automakers

Mar 08 2019

SAO PAULO Brazil's Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking.

Brazil's Caixa prepares $1.9 bln provision for possible defaults -sources

Feb 27 2019

SAO PAULO, Feb 27 Brazilian state bank Caixa Economica Federal is preparing an extraordinary provision of 7 billion reais ($1.87 billion) due to expected defaults on home loans and a loss of value in the real estate held by the bank, two sources told Reuters.

Brazil airline Gol's talks on Smiles takeover seen taking 3 months -exec

Nov 28 2018

SAO PAULO, Nov 28 Talks between Brazilian airline Gol Linhas Aereas Inteligentes SA and shareholders of its loyalty program Smiles Fidelidade SA on the terms of the carrier's deal to take full ownership of Smiles could take up to three months, an executive said.

Card transactions climb in Brazil as more abandon cash

Sep 25 2018

SAO PAULO, Sept 25 Credit and debit card transactions in Brazil grew 13.6 percent in the first half of the year from a year earlier, as more Brazilians used cards instead of cash to pay for goods and services, card industry group Abecs said on Tuesday.

Brazil's Caixa to boost capital ratio with assets sales -CEO

Aug 31 2018

SAO PAULO, Aug 31 Brazilian state bank Caixa Econômica Federal will use proceeds raised in a new joint venture with France's CNP Assurances SA to boost its capital ratio, Chief Executive Officer Nelson Antonio de Souza told Reuters on Friday.

UPDATE 2-Brazil state bank Caixa will resume loan book growth in 2019

Aug 20 2018

SAO PAULO, Aug 20 Brazilian state bank Caixa Economica Federal will resume loan book growth in 2019 after its Tier 1 capital ratio reaches a satisfactory level, Chief Financial Officer Arno Meyer told journalists on Monday.

Brazil's Caixa creates online lottery after failed unit sale

Aug 10 2018

SAO PAULO, Aug 10 Brazilian state bank Caixa Econômica Federal on Friday launched an online lottery service, a month after a failed attempt to sell its lottery licensing unit Caixa Instantanea SA.

Brazil's Odebrecht open to foreign partner for construction unit

Aug 06 2018

SAO PAULO The construction unit of Brazilian conglomerate Odebrecht SA is seeking to win $18 billion in engineering contracts in the next two years and could partner with a strategic foreign investor, the unit's chief executive, Fabio Januário, told Reuters.

Brazil's Odebrecht open to foreign partner for construction unit

Aug 06 2018

SAO PAULO, Aug 6 The construction unit of Brazilian conglomerate Odebrecht SA is seeking to win $18 billion in engineering contracts in the next two years and could partner with a strategic foreign investor, the unit's chief executive, Fabio Januário, told Reuters.

After rescuing Petrobras, CEO Parente called in to calm BRF

Apr 26 2018

SAO PAULO A Brazilian commodities giant racking up losses as tensions flare on its board and corruption scandals grab headlines — Pedro Parente has been here before.

World News