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United States

Walter Brandimarte

Brazil Oi in exclusive talks with LetterOne for merger with TIM

Oct 30 2015

SAO PAULO/MOSCOW Brazil's telecommunications group Oi SA and investment firm LetterOne said on Friday they entered exclusive financing negotiations for a merger with rival TIM Participações SA .

Fitch cuts Brazil rating, says investment grade at risk

Oct 15 2015

SAO PAULO Fitch Ratings on Thursday cut Brazil's credit rating to the brink of junk, warning the country could soon lose its coveted investment grade rating as government finances deteriorate amid a prolonged recession and persistent political uncertainty.

Brazil ramps up real support, but sees reserves as last resort

Sep 25 2015

SAO PAULO Brazil's central bank says it might dip into its dollar reserves to support its tumbling currency but people who work closely with the bank say it will use other tools until it sees dollars leaving the economy.

Brazil's beleaguered currency rebounds after intervention threat

Sep 24 2015

BRASILIA/SAO PAULO Brazil's currency rebounded strongly after the central bank vowed to defend it with every weapon it had, lifting the real off all times lows struck earlier on Thursday as investors fretted over the outlook for Latin America's largest economy.

Brazil's beleaguered currency rebounds after intervention threat

Sep 24 2015

BRASILIA/SAO PAULO Brazil's currency rebounded strongly after the central bank vowed to defend it with every weapon it had, lifting the real off all times lows struck earlier on Thursday as investors fretted over the outlook for Latin America's largest economy.

Brazil's beleaguered currency rebounds after intervention threat

Sep 24 2015

BRASILIA/SAO PAULO Brazil's depressed currency rebounded on Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the real's collapse as investors fret over the future of Latin America's largest economy.

Brazil currency tumbles as crisis worries swamp intervention

Sep 23 2015

SAO PAULO The Brazilian real tumbled anew on Wednesday as fears of deteriorating government finances, a mounting political crisis and weaker Chinese demand for raw materials overwhelmed currency intervention by the central bank.

Brazil better off than countries that lost investment grade: Moody's

Sep 22 2015

SAO PAULO Brazil remains in better shape than countries that lost their investment-grade credit rating, a senior analyst with Moody's Investors Service said on Tuesday, suggesting the country's sharp economic downturn was not enough for a downgrade to junk.

Brazil still has time to avert second junk downgrade, seen as bigger threat

Sep 11 2015

RIO DE JANEIRO Standard & Poor's decision to strip Brazil of its investment-grade credit rating puts pressure on competing ratings firms to follow suit, but the government still has time to avert another downgrade to junk which would cost billions of dollars in foreign investment.

Brazil still has time to avert 2nd junk downgrade, seen as bigger threat

Sep 11 2015

RIO DE JANEIRO, Sept 11 Standard & Poor's decision to strip Brazil of its investment-grade credit rating puts pressure on competing ratings firms to follow suit, but the government still has time to avert another downgrade to junk which would cost billions of dollars in foreign investment.

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