Edition:
United Kingdom

Aluisio Alves

Amazon.com brings Prime service to Brazil; local retail shares drop

10 Sep 2019

SAO PAULO Amazon.com Inc said on Tuesday it will launch its Prime subscription service in Brazil, where it has struggled against tough local competition in Latin America's largest economy.

SoftBank leads new financing round in Brazil's housing broker QuintoAndar

10 Sep 2019

SAO PAULO Brazilian online housing broker QuintoAndar has raised $250 million in a new funding round led by Japan's SoftBank Group International, the company said on Tuesday.

Amazon launches Prime service in challenging Brazil market

10 Sep 2019

SAO PAULO, Sept 10 Amazon.com Inc said it will launch its Prime subscription service in Brazil on Tuesday as it seeks to broaden its footprint in Latin America's largest economy, where it has struggled against tough local competition.

Brazil's Itau focuses on growing payment app, less on card processing

14 Aug 2019

SAO PAULO, Aug 13 Brazilian lender Itau Unibanco Holding SA is shifting its payment services strategy to focus on its most profitable segments, a senior executive told Reuters, as competition in the card processing business has weighed on fees.

Brazilian startup Volanty gets capital injection led by SoftBank

07 Aug 2019

SAO PAULO Brazil's digital used car portal Volanty has received an infusion of 70 million reais ($17.6 million) from venture capital funds led by Japan's SoftBank and Kaszek of Argentina.

Softbank in talks to invest in Brazilian fintech Nubank -source

06 Jun 2019

SAO PAULO, June 6 Japan's Softbank Group Corp is in talks to invest in Brazilian financial technology company Nubank, a source said.

Brazil's Itaú plans to close 400 branches in two years -sources

13 May 2019

SAO PAULO, May 13 Brazil's largest private lender, Itaú Unibanco Holding SA, plans to close 400 branches in the country over the next two years, two sources with knowledge of the matter said.

UPDATE 2-Banco do Brasil sees fiercer competition with fintechs

09 May 2019

SAO PAULO, May 9 State-controlled lender Banco do Brasil SA sees fiercer competition with financial startups as likely to reduce the country's average credit margins in the coming quarters, CEO Rubem Novaes told journalists on Thursday.

Brazil fintech Nubank opens Mexico office as it seeks Latam expansion

07 May 2019

SAO PAULO/MEXICO CITY Brazilian fintech firm Nubank will open an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, a company executive said.

Brazilian fintech Nubank opens office in Mexico, in possible first step in Latam-wide expansion

07 May 2019

SAO PAULO, May 7 Brazilian fintech Nubank is opening an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, an executive said.

World News