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United Kingdom

Paula Laier

Brazil supermarket sales rise sharply in August - industry body

04 Oct 2019

BRASILIA, Oct 4 Brazilian supermarket sales rose sharply in August and by some measures at the fastest pace in five years, industry figures indicated on Friday, a sign that an economic recovery may be strengthening.

UPDATE 1-Brazil's B2W Companhia Digital to raise 2.5 bln reais -filing

20 Aug 2019

SAO PAULO, Aug 20 Brazilian e-commerce company B2W Companhia Digital will raise 2.5 billion reais ($618 million) in a share offering, the company said in a late Monday notice to shareholders.

Shares in Brazil's Banco Inter surge as it lures SoftBank

30 Jul 2019

SAO PAULO Shares in Banco Inter SA surged more than 20% on Tuesday as the Brazilian online lender raised 1.25 billion reais ($329.73 million) in an offering largely sold to Japan's SoftBank Group Corp , boosting pressure on traditional banks.

Brazil's Inter confirms hiring banks for follow-on offering - filing

11 Jul 2019

SAO PAULO, July 11 Brazil's Banco Inter SA has hired the investment banking units of Banco Bradesco SA, Goldman Sachs & Co, Banco BTG Pactual, JPMorgan Chase & Co, Banco Santander Brasil SA and Caixa Economica Federal to manage a potential share offering that may reach up to 1 billion reais ($267 million), it said in a securities filing late on Wednesday.

Brazil retailer Via Varejo shares soar following change of control

10 Jul 2019

SAO PAULO Shares in Brazilian electronics retailer Via Varejo have soared more than 30% this month with investors betting on the industry experience of the Klein family, which recently re-acquired control of the company.

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.

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