Edition:
United States

Aluisio Alves

Softbank in talks to invest in Brazilian fintech Nubank -source

Jun 06 2019

SAO PAULO, June 6 Japan's Softbank Group Corp is in talks to invest in Brazilian financial technology company Nubank, a source said.

Brazil's Itaú plans to close 400 branches in two years -sources

May 13 2019

SAO PAULO, May 13 Brazil's largest private lender, Itaú Unibanco Holding SA, plans to close 400 branches in the country over the next two years, two sources with knowledge of the matter said.

UPDATE 2-Banco do Brasil sees fiercer competition with fintechs

May 09 2019

SAO PAULO, May 9 State-controlled lender Banco do Brasil SA sees fiercer competition with financial startups as likely to reduce the country's average credit margins in the coming quarters, CEO Rubem Novaes told journalists on Thursday.

Brazil fintech Nubank opens Mexico office as it seeks Latam expansion

May 07 2019

SAO PAULO/MEXICO CITY Brazilian fintech firm Nubank will open an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, a company executive said.

Brazilian fintech Nubank opens office in Mexico, in possible first step in Latam-wide expansion

May 07 2019

SAO PAULO, May 7 Brazilian fintech Nubank is opening an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, an executive said.

RPT-Brazil's Caixa plans to lure two more partners for insurance business -CEO

May 03 2019

SAO PAULO, May 2 Brazil's state-owned lender Caixa Econômica Federal is seeking at least two additional partners for its insurance unit Caixa Seguridade before listing the company by September, Chief Executive Pedro Guimarães told Reuters on Thursday.

Brazil's Caixa plans to lure two more partners for insurance business: CEO

May 02 2019

SAO PAULO Brazil's state-owned lender Caixa Econômica Federal is seeking at least two additional partners for its insurance unit Caixa Seguridade before listing the company by September, Chief Executive Pedro Guimarães told Reuters on Thursday.

UPDATE 1-Brazil's Rumo wins auction to operate freight railway; shares jump

Mar 28 2019

SAO PAULO/BRASILIA, March 28 Brazilian logistics company Rumo SA on Thursday won an auction to build and operate a 1,537-kilometer freight railway for 30 years, with a bid of 2.7 billion reais ($694 million), according to the government.

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.

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