Leonardo Goy

From Volkswagen to Bunge, concession holders in Brazil face hefty bill

Apr 27 2018

BRASILIA Companies from Brazilian state oil company Petróleo Brasileiro SA to commodities giant Louis Dreyfus Company and German car giant Volkswagen AG could face hefty bills after Brazil's Supreme Court this month allowed local governments to charge property taxes to operators of public concessions.

China resists Brazil proposal to solve sugar trade spat: source

Apr 06 2018

BRASILIA Brazil has proposed that China introduce a quota for imports of Brazilian sugar that would face a 50 percent levy to solve a trade spat between both countries but China is resisting the plan, a person close to the negotiations told Reuters on Friday.

Tens of millions in northern Brazil hit by massive power outage

Mar 21 2018

SAO PAULO/BRASILIA A power outage struck large swaths of Brazil on Wednesday, affecting tens of millions of people, especially in the country's northern and northeastern regions where the system remains "practically collapsed," according to an official.

Brazil watchdog approves Itaú-XP deal, no asset sales required

Mar 14 2018

BRASILIA Brazil's antitrust watchdog Cade on Wednesday approved the purchase of a non-controlling stake in financial services firm XP Investimentos SA by Itaú Unibanco Holding SA , the nation's largest bank, demanding no additional asset sales.

Brazilian rule changes may allow telecoms firms to unload assets

Feb 20 2018

SAO PAULO/BRASILIA Brazil's major telecoms operators stand to free up hundreds of millions of dollars to invest in technologies like 4G and broadband by unloading unwanted assets, as a push by the sector to overhaul decades-old rules shows signs of paying off.

ArcelorMittal to top Brazil's long steel output after Votorantim deal: executive

Feb 07 2018

SAO PAULO/BRASILIA The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country's largest long steel producer, a senior company executive said.

Brazilian antitrust agency approves Bayer-Monsanto tie-up

Feb 07 2018

BRASILIA Brazilian antitrust agency Cade on Wednesday approved Bayer AG's proposed takeover of U.S. seeds company Monsanto Co without requiring further asset sales beyond a global proposal announced last October.

Brazil telecom Oi reaches breakthrough with creditors

Dec 13 2017

RIO DE JANEIRO/BRASILIA Brazilian telecommunications firm Oi SA has reached a deal with two major creditor groups on a plan to exit bankruptcy protection, in a major breakthrough for Latin America's largest ever in-court debt restructuring.

Brazil banks agree to reimburse depositors for losses

Dec 12 2017

BRASILIA Brazilian banks agreed on Tuesday to compensate depositors for losses from government plans that tackled hyperinflation in the 1980s and 1990s, potentially settling over a million legal disputes that have hung over the country's banking system.

Shareholder in Brazil's Oi requests Aurelius be barred from debt restructuring

Dec 01 2017

BRASILIA Societe Mondiale, a shareholder in Brazilian telecoms company Oi SA affiliated with Brazilian investor Nelson Tanure, filed a complaint with the nation's telecoms regulator on Friday seeking to limit the actions of a key bondholder.

World News