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United Kingdom

Aluisio Alves

Brazil's BB Seguridade says company reached peak of sales in July

03 Aug 2020

SAO PAULO, Aug 3 Brazilian insurance company BB Seguridade SA likely reached its monthly sales record in July in products such as pension plans and credit life insurance, as the company slowly recovers from the coronavirus crisis, Chief Executive Bernardo Rothe said in an interview.

Brazil central bank authorizes tests of Facebook's WhatsApp pay, Mastercard and Visa say

31 Jul 2020

SAO PAULO Brazil's central bank has authorized testing of payments via Facebook Inc's messaging service WhatsApp in the country, Visa Inc and Mastercard Inc said on Friday, easing an outright ban on the service imposed last month.

IRB restates 2019 net income, cuts it by 31% due to accounting irregularities

30 Jun 2020

SAO PAULO IRB Brasil Resseguros has restated its 2019 financial statements to correct accounting irregularities, reducing its net income for the year by 31% to 1.2 billion reais ($220 million), the Brazilian reinsurer said on Tuesday.

UPDATE 1-Brazilian broker XP and shareholder Itau in investment dispute

25 Jun 2020

SAO PAULO, June 25 Brazilian broker XP Inc and its major shareholder, Itau Unibanco Holding SA engaged in a public spat on investments this week, trading accusations in an ad campaign and webcasts on Thursday.

Brazilian credit bureau Boa Vista SCPC may revive IPO plans

22 Jun 2020

SAO PAULO Brazilian credit bureau Boa Vista SCPC is considering reviving plans to go public after a rapid expansion in credit score queries prompted it to shift its focus to organic growth rather than acquisitions.

Unilever Brazil laundry franchise deal may presage new business push

19 Jun 2020

SAO PAULO Unilever Plc said on Friday it is buying a chain of laundromats in Brazil to be renamed Omo, after the world's No. 2 laundry detergent, in what the consumer goods giant said could be a precursor to other similar deals elsewhere.

Brazil manufacturers seek to skirt shutdowns as coronavirus surges

12 Jun 2020

SAO PAULO Manufacturers in Brazil like Marcopolo SA and Randon are trying to show they can safely operate their factories at reduced capacity, dodging the coronavirus-induced shutdowns that have hit the mining and food processing sectors.

Exclusive: Brazilian reinsurer IRB Brasil in talks to buy rivals' portfolios - sources

21 May 2020

SAO PAULO Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals' portfolios in Brazil and elsewhere in Latin America as foreign competitors scale back in the region, two sources close to the company told Reuters.

Brazilian lender Bradesco starts diagnostic tests on workers

15 May 2020

SAO PAULO, May 15 Brazilian lender Banco Bradesco SA said on Friday it had started to test branch employees for COVID-19, the first part of a program planned for almost all of its nearly 100,000 employees.

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