SAO PAULO, Aug 4 Itau Unibanco Holding SA's
Chief Executive Candido Bracher said on Tuesday that
next year he sees Brazil's 90-day default ratio reaching higher
levels than in previous crisis.
SAO PAULO Brazilian lender Banco Bradesco SA plans to have employees work from home an average of one week per month permanently in order to save on rent and sell some real estate, Chief Executive Octavio de Lazari Junior said in an interview.
SAO PAULO, July 30 Brazil's Banco Bradesco SA
set aside more than 3.8 billion reais ($732.8
million) for potential COVID-19-related loan losses and is
tightening a grip on costs, as its chief executive says the
economic outlook is still ambiguous.
SAO PAULO Shares in the Brazilian power company AES Tiete Energia SA fell 7.7% after development bank BNDES agreed to sell part of its stake to the firm's controlling shareholder AES Corp .
RIO DE JANEIRO/SAO PAULO Brazil's BNDES Participacoes [BNDESP.UL], a holding company for Brazilian state bank BNDES, has received a rival offer from AES Corp for its stake in AES Tiete Energia SA , according to three sources.
SAO PAULO A $2.45 billion loan proposal for bankrupt LATAM Airlines by Oaktree Capital Management LP and the airline's shareholders has run into opposition from creditors, who say the debt package is too expensive.
SAO PAULO Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony, has presented the best offer for the mobile assets of Brazilian telecom Oi SA and the two parties are entering exclusive negotiations, Oi said on Wednesday.
SAO PAULO, July 22 Digital Colony, a private
equity firm backed by U.S. real estate investor Thomas Barrack
and Digital Bridge Holdings, has delivered a bid for the mobile
unit of bankrupt Brazilian carrier Oi SA, two
sources familiar with the matter said.
SAO PAULO, July 21 Banco Santander Brasil SA
said on Tuesday it has launched a 5 billion reais
($963.58 million) credit line for new investments in the water
and sewage sectors.
SAO PAULO Brazilian President Jair Bolsonaro said on Saturday that lockdown measures used to curb the spread of the novel coronavirus "kill" and have "suffocated" the country's economy.