Edition:
United Kingdom

Alberto Alerigi

UPDATE 1-Brazil's Suzano predicts better pulp prices, savings from merger; shares rise

13 Feb 2020

SAO PAULO, Feb 13 Brazilian pulpmaker Suzano SA raised its estimates for cost savings from a merger with Fibria and said it expected higher pulp prices this year, sending shares up 3.7% in afternoon trading in Sao Paulo even as the broader market fell.

Fiat Chrysler Latam CEO sees 1.5% auto sales growth in the region

12 Feb 2020

SAO PAULO Fiat Chrysler expects Latin America auto sales to grow 1.5% this year, to 4.2 million units, as Brazil's economic recovery offsets economic crises in other markets such as Argentina.

Trump's tariff tweet halts talks over future Brazil steel exports to U.S

05 Dec 2019

SAO PAULO Negotiations over future Brazilian steel exports to the United States have been halted since President Donald Trump tweeted earlier this week that he would slap tariffs back on them, the head of Brazil's steel mills body IABr said on Thursday.

UPDATE 1-Trump's tariff tweet halts talks over future Brazil steel exports to U.S.

05 Dec 2019

SAO PAULO, Dec 5 Negotiations over future Brazilian steel exports to the United States have been halted since President Donald Trump tweeted earlier this week that he would slap tariffs back on them, the head of Brazil's steel mills body IABr said on Thursday.

Shares in Brazil steelmaker Usiminas surge as debt refinancing offsets loss

25 Oct 2019

SAO PAULO Shares in Usiminas were up 2% in Sao Paulo on Friday after the Brazilian steelmaker announced a debt refinancing and a hike in steel prices, despite posting a third-quarter loss.

Brazil's CSN posts loss, cuts guidance for 2019

24 Oct 2019

SAO PAULO Brazilian steelmaker Companhia Siderurgica Nacional (CSN) reported on Wednesday a net loss in the third quarter due to the depreciation of the local currency, as well as a drop in value of its stake in another steelmaker.

Honda says it will stop making autos in Argentina in 2020

13 Aug 2019

SAO PAULO Japan's Honda Motor Co on Tuesday said it will stop producing automobiles in Argentina next year as part of a global shift in how it shares production between regions.

Brazilian retailer GPA expects higher margins, stimulus package effect on third quarter

25 Jul 2019

SAO PAULO Brazilian retailer GPA SA expects higher profit margins over the next few months, as sales seem to be reacting on the second half, group executives told journalists on Thursday.

UPDATE 4-Brazil postpones new road freight price rules through Wednesday

22 Jul 2019

BRASÍLIA/SAO PAULO, July 22 The Brazilian government has postponed new road freight pricing rules through Wednesday as it seeks to avoid repetition of a truckers strike that crippled Brazil's roads last year, hampering delivery of everything from fuel to grains.

CORRECTED-(OFFICIAL)-UPDATE 2-China bolstering Brazil's BRF turnaround effort -CEO

18 Jul 2019

SAO PAULO, July 18 Brazil's BRF SA expects to soon receive as many as four new export permits to sell chicken and pork to China, which could help the Brazilian food processor reverse three consecutive annual losses.

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