Edition:
United Kingdom

Alberto Alerigi

Franklin Templeton invests in Brazilian-Israeli fintech Weel

04 Apr 2019

SAO PAULO Franklin Templeton has invested $30 million in Brazilian-Israeli fintech Weel as part of the U.S. asset manager's strategy to increase its footprint in Brazil and the rest of Latin America, according a statement on Thursday.

Brazil's Braskem expects to file 2017 20-F to avoid NYSE delisting

14 Mar 2019

SAO PAULO Brazilian petrochemical company Braskem SA expects to file its 2017 20-F form with the Securities and Exchange Commission before May 16 to avoid the delisting of its shares from the New York Stock Exchange, Chief Financial Officer Pedro Freitas said on Thursday.

Avianca Brasil strikes deal with Azul, holds on to planes for now

11 Mar 2019

SAO PAULO Brazilian airline Azul SA on Monday said it will seek to buy certain assets held by struggling rival Avianca Brasil for $105 million, on the same day a local court allowed the carrier to hold onto its planes despite mounting missed payments.

UPDATE 1-Brazil steelmaker CSN mulls sales of Usiminas shares to cut debt

21 Feb 2019

SAO PAULO, Feb 21 Cia Siderúrgica Nacional SA , Brazil's second-largest producer of flat steel products, said on Thursday it was considering selling its preferential shares in larger rival Usinas Siderúrgicas de Minas Gerais SA.

Ford to close oldest Brazil plant, exit South America truck biz

20 Feb 2019

SAO PAULO/DETROIT Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world.

UPDATE 1-Shares of Brazil's BRF dive as cash-raising effort falls short

07 Feb 2019

SAO PAULO, Feb 7 Brazilian food processor BRF SA on Thursday fell short of raising 5 billion reais at the end of an asset sale program, causing shares of the world's largest chicken exporter to drop by almost 5 percent.

New JBS CEO to boost margins, sees large potential in U.S. market

05 Dec 2018

SAO PAULO JBS SA's newly appointed chief executive said on Wednesday he will seek to boost the Brazilian meatpacker's profit margins and sees a large potential for growth in the United States' market for processed products.

UPDATE 1-Brazil's IMC shareholders to vote Dec. 13 on takeover protection-sources

27 Nov 2018

SAO PAULO, Nov 27 Brazilian restaurant operator International Meal Company Alimentação SA is expected to call a shareholder meeting to consider adding takeover protection to its bylaws on Dec. 13, a source with knowledge of the matter said.

Brazil steelmaker Gerdau struggles to find workers in the U.S.

22 Nov 2018

SAO PAULO Brazilian steelmaker Gerdau SA, which has significant operations in the United States, expects its U.S. bottom line to continue benefiting from import tariffs on the metal and is looking to expand its output there, but is struggling to find workers to fill jobs.

UPDATE 1-Brazil steelmaker Gerdau struggles to find workers in the U.S.

22 Nov 2018

SAO PAULO, Nov 22 Brazilian steelmaker Gerdau SA , which has significant operations in the United States, expects its U.S. bottom line to continue benefiting from import tariffs on the metal and is looking to expand its output there, but is struggling to find workers to fill jobs.

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