Brazil

Santander raises stake in Brazil unit after buyout offer

MADRID - Spanish bank Santander's stake in its Brazilian unit will rise to 88.3 percent, it said on Friday, after it offered to buy out minority shareholders last month in an effort to turn around the underperforming subsidiary.

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AB InBev profit capped by weak U.S., stagnant Brazil 6:45am GMT

BRUSSELS - Anheuser-Busch InBev , the world's largest beer maker, reported a lower than expected increase of earnings in the third quarter as U.S. wholesalers cut inventories and Brazil was stagnant after the football World Cup.

AB InBev profit capped by weak U.S., stagnant Brazil 6:39am GMT

BRUSSELS - Anheuser-Busch InBev, the world's largest beer maker, reported a lower than expected increase of earnings in the third quarter as U.S. wholesalers cut inventories and Brazil was stagnant after the soccer World Cup.

Brazil builder PDG posts a Q3 net loss of $73 mln 30 Oct 2014

SAO PAULO, Oct 30 - Brazilian homebuilder PDG Realty SA's third-quarter net loss widened to 174.7 million reais ($73 million) from 111.3 million reais a year earlier, more than market analysts expected, according to a securities filing on Thursday.

Brazil's first solar power auction to clear 500 MW of new plants 30 Oct 2014

SAO PAULO, Oct 30 - Brazil will take its first leap into commercial solar power generation on Friday with a rights auction of at least 500 megawatts of new solar parks, adding a new energy source as a drought reveals the danger of depending on hydropower.

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Brazil shocks with interest rate hike in wake of election 30 Oct 2014

BRASILIA - Brazil's central bank raised interest rates on Wednesday, surprising investors with a bold move that signals President Dilma Rousseff could make more market-friendly policy changes after her narrow re-election victory on Sunday.

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Brazil shocks with interest rate hike in wake of election 30 Oct 2014

BRASILIA - Brazil's central bank raised interest rates on Wednesday, surprising investors with a bold move that signals President Dilma Rousseff could make more market-friendly policy changes after her narrow re-election victory on Sunday.

UPDATE 4-Brazil shocks with interest rate hike in wake of election 30 Oct 2014

BRASILIA, Oct 29 - Brazil's central bank raised interest rates on Wednesday, surprising investors with a bold move that signals President Dilma Rousseff could make more market-friendly policy changes after her narrow re-election victory on Sunday.

UPDATE 2-Brazil shocks with interest rate hike, market-friendly nod 29 Oct 2014

BRASILIA, Oct 29 - Brazil's central bank raised interest rates on Wednesday, shocking investors who expected policymakers to stay put until President Dilma Rousseff unveils policy changes following her narrow re-election victory on Sunday.

Brazil's Cielo sees challenging year in 2015 29 Oct 2014

SAO PAULO, Oct 29 - Cielo SA, Brazil's largest card payment processor, sees a challenging year ahead as an economic slowdown in Latin America's largest economy leads to slower growth and tougher competition.

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Russia may resume gas supply next week if Ukraine pays $2.2 billion - Gazprom

MOSCOW - Russia may restart gas supplies to Ukraine as soon as next week if Kiev pays $2.2 billion (1.4 billion pounds) worth of debts and pre-payments, Alexei Miller, head of state gas monopoly Gazprom, said on Friday.