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Paula Laier

UPDATE 3-Shares in Brazilian card processors fall sharply after rival cuts interest rate for merchants

19 Apr 2019

SAO PAULO, April 18 Shares of Brazilian card payment processors Cielo SA, PagSeguro Digital Ltd and StoneCo Ltd fell sharply on Thursday after rival Itaú Unibanco Holding SA's card-processing unit cut interest rates for small- and medium-sized merchants.

Brazil's B2W and Magazine Luiza considering acquisition of Netshoes

11 Apr 2019

SAO PAULO Brazilian retailers B2W and Magazine Luiza confirmed in filings on Wednesday they are considering the acquisition of online shoe retailer Netshoes Ltd.

State-controlled lender Banco do Brasil eyes partnerships for units

11 Mar 2019

SAO PAULO/BRASILIA, March 11 State-controlled lender Banco do Brasil SA is seeking partnerships in its asset management, investment banking and debt collector units rather than listing these businesses, analysts said in notes to clients on Monday.

Investors spooked by Brazilian Vale's surprise CEO shake-up

03 Mar 2019

RIO DE JANEIRO/SAO PAULO Investors were skeptical on Sunday about the surprise decision by Brazil's Vale SA to remove its high-profile chief executive in the wake of a deadly January accident at one of the world's largest iron ore miner's facilities.

Vale stock plunges after Brazil disaster; $19 billion in market value lost

28 Jan 2019

SAO PAULO Brazilian miner Vale SA's shares plunged on Monday, wiping out 71.34 billion reais ($18.96 billion) in market value, after a tailing dam collapse on Friday killed scores of people at one of its mines, less than four years after a similar disaster.

EMERGING MARKETS-Brazil shares hit record high; weak dlr helps Mexico, Chile FX

23 Jan 2019

(Recasts throughout, updates prices) By Susan Mathew and Paula Laier Jan 23 Brazil stocks scaled an all-time high on Wednesday and the currency firmed, boosted by the country's economy minister reiterating that much needed pension reforms remained the government's top priority, while a weaker dollar helped some other Latin American currencies rise. Uncertainties over trade and the global economy weighed on the greenback, helping the Mexican and Chilean pesos rise. In Brazil, the real rose 1.3 percent and posted its biggest one-day gain in three weeks, while the benchmark Bovespa index scaled new highs with gains being broad-based. Brazil's economy minister Paulo Guedes told Bloomberg TV that pension reforms are the government's top priority and that more than half of the fiscal deficit will be cut with the reform. He also said that intended privatizations should generate at least $20 billion in 2019. "Guedes once again enchanted the market," said an analyst at a brokerage in São Paulo. Guedes was to participate in a press conference along with the Brazilian delegation at the World Economic Forum but the talk was canceled, with representatives of the government citing President Jair Bolsonaro's fatigue. But, meetings between Guedes and some foreign investors on Tuesday may have been enough to get the message out about reforms and explain the theme of investor reforms, said Fernanda Consorte, an FX strategist at Banco Ourinvest. Elsewhere in the region, copper exporter Chile's peso was bolstered by a rise in the metal's prices, while a drop in oil prices hurt net crude exporter Colombia's currency. Mexico's peso broke a four-day losing streak and rose 0.7 percent. A Citibanamex survey showed that participants remain divided on the interest rate movement they expect from the next Bank on Mexico meeting. But, "it is worth noting that none of the participants expect a rise in interest rates at the central bank's February meeting and on average they anticipate closing the year at the same level as in 2018," analysts at CI Banco said in a note. "This forecast is very much in line with the expectation of low inflation for January, despite the shortage of gasoline." The perception on the central bank's monetary policy stance, however, may change if the inflation figure for the first half of January exceeds what is expected, they said. Among stocks, Argentine shares jumped 2.3 percent while Chilean equities edged higher. On the other hand, the Mexican and Colombian bourses fell reflecting muted global sentiment on worries about a continued partial shutdown of the U.S. government, a cooling global economy and simmering trade tensions between the world's two biggest economies. Key Latin American stock indexes and currencies at 2147 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1011.56 0.09 MSCI LatAm 2834.58 0.52 Brazil Bovespa 96558.42 1.53 Mexico IPC 43679.67 -0.2 Chile IPSA 5402.74 0.03 Argentina MerVal 34819.13 2.28 Colombia IGBC 11661.25 -0.35 Currencies Latest Daily % change Brazil real 3.7640 -0.05 Mexico peso 19.0286 0.73 Chile peso 671.55 0.27 Colombia peso 3151.15 -0.24 Peru sol 3.34 -0.18 Argentina peso 37.5500 -0.03 (interbank) (Reporting by Susan Mathew in Bengaluru and Paula Arend Laier in Sao Paulo; Editing by Lisa Shumaker)

UPDATE 2-Top shareholder in Brazil's Via Varejo raises $55 mln in stake sale

27 Dec 2018

SAO PAULO, Dec 27 Food retailer GPA SA sold 217 million reais ($55 million) in Via Varejo shares on Thursday, equivalent to 3.86 percent of the Brazilian electronics retailer's capital.

UPDATE 4-Brazil telecoms post record gains as govt prepares to loosen regulations

30 Oct 2018

SAO PAULO, Oct 30 Telecom stocks in Brazil posted some of their biggest gains in years on Tuesday amid expectations that a long-stalled reform in the sector may get the nod from lawmakers in the coming months.

UPDATE 2-At helm of Brazil's Cielo, Caffarelli to have new challenges

26 Oct 2018

SAO PAULO, Oct 26 Brazilian card processor Cielo SA confirmed Friday that Banco do Brasil SA's Paulo Caffarelli will become its chief executive on Nov. 5, raising questions over whether a veteran banker could shake up a company that has been struggling to fight startups.

UPDATE 4-Gol buyout plan wipes 39 pct off Smiles market cap, prompts Brazil inquiry

15 Oct 2018

SAO PAULO, Oct 15 Brazilian airline Gol Linhas Aéreas Inteligentes SA on Monday announced a plan to buy out minority shareholders in its loyalty program Smiles Fidelidade SA for an undisclosed price, battering the unit's shares and prompting regulatory scrutiny.

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