Edition:
United Kingdom

Aluisio Alves

MercadoLibre's financial unit to boost credit ops, ease cash withdrawals in 2020

24 Jan 2020

SAO PAULO Argentinian fintech Mercado Pago, a unit of e-commerce company MercadoLibre , is launching new services to users of its app-based wallet, including credit lines and cash withdrawal options, as part of efforts to gain scale as market competition continues to intensify.

Brazil airline Azul to acquire regional carrier Two Flex

14 Jan 2020

SAO PAULO Brazil's third-largest airline, Azul SA , said on Tuesday it will buy regional carrier Two Flex for 123 million reais ($30 million), as it aims to expand its presence at Sao Paulo's hotly disputed domestic airport.

Brazil airline Azul to acquire regional carrier Two Flex -source

14 Jan 2020

SAO PAULO, Jan 14 Brazil's third-largest airline, Azul SA, has reached an agreement to buy regional carrier Two Flex, a source with knowledge of the matter told Reuters on Tuesday.

Brazil's state-owned lender Caixa seeks further asset sales: CEO

10 Jan 2020

SAO PAULO Brazilian state-owned lender Caixa Economica Federal intends to sell more stakes in companies held by a fund it manages, such as power holding Alupar Investimento SA , sanitation firm BRK Ambiental and VLI Logistica, Chief Executive Officer Pedro Guimaraes told Reuters.

GIC and Patria win auction to operate highway in Brazil

08 Jan 2020

SAO PAULO A consortium formed by Brazilian private equity firm Patria Investments and Singapore's state investor, GIC, on Wednesday won an auction to operate for 30 years a highway in the Brazilian state of Sao Paulo after a bid of 1.1 billion reais ($270.42 million).

As Brazilian payment apps multiply, some warn of a shakeout

16 Dec 2019

SAO PAULO Banking apps backed by SoftBank Group Corp, China's Tencent Holdings Ltd and others are proliferating in Brazil, offering such a dizzying array of choices that skeptics say a shakeout looks increasingly inevitable.

Brazilian payments company Cielo eyes consolidation deals

30 Oct 2019

SAO PAULO Brazil's Cielo SA is considering potential mergers and acquisitions to consolidate its card-processing business, Chief Executive Paulo Caffarelli told reporters on Wednesday, ruling out reports that the company was in talks over a sale to rival StoneCo Ltd .

Brazilian fintech Nubank has grown to 15 million users: CEO

11 Oct 2019

SAO PAULO Brazilian financial technology start-up Nubank now has 15 million clients, the firm's chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital-backed venture in Latin America's largest economy.

Sete Brasil creditors approve sale of rigs to UK's Magni Partners -sources

04 Oct 2019

SAO PAULO, Oct 4 Creditors of Brazilian oil platforms and rigs maker Sete Brasil have approved the sale of four oil exploration rigs to British company Magni Partners, two sources familiar with the deal told Reuters on Friday.

SoftBank mulls bringing 40 companies to Brazil

21 Sep 2019

SAO PAULO Japan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country in around two weeks' time, the group's head in Brazil, André Maciel, said on Friday.

World News