Edition:
India

Aluisio Alves

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

22 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

16 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.

ATUALIZA 1-Fleury acusa primeiros efeitos do coronavírus e lucro cai no 1º tri

15 May 2020

SÃO PAULO, 14 Mai A rede de clínicas de medicina diagnóstica Fleury teve queda no lucro do primeiro trimestre, já acusando os primeiros efeitos da pandemia do coronavírus, embora tenha alertado para grandes oportunidades de ganho de receita e de produtividade com a regulamentação da telemedicina.

Banco do Brasil profit falls 20%, planned asset sales on ice

07 May 2020

SAO PAULO Brazilian state-controlled lender Banco do Brasil SA on Thursday posted a 20% drop in first-quarter profit and the bank announced the suspension of all its planned asset sales due to the coronavirus crisis.

UPDATE 2-Banco do Brasil profit falls 20%, planned asset sales on ice

07 May 2020

SAO PAULO, May 7 Brazilian state-controlled lender Banco do Brasil SA on Thursday posted a 20% drop in first-quarter profit and the bank announced the suspension of all its planned asset sales due to the coronavirus crisis.

MercadoLibre to invest over $700 million in Brazil as coronavirus boosts e-commerce

06 May 2020

SAO PAULO Latin American e-commerce company MercadoLibre is one of the few firms not scaling back spending amid the coronavirus pandemic and plans to move forward with a planned 4 billion reais ($717 million) investment in Brazil this year, an executive told Reuters on Tuesday.

MercadoLibre's financial arm to extend loans to small businesses in Brazil

15 Apr 2020

SAO PAULO, April 15 MercadoLibre's financial services arm, Mercado Pago, is extending a 600 million-real ($114 million) credit line to help Brazilian medium and small businesses face the sharp drop in economic activity caused by the new coronavirus crisis.

Exclusive: Brazil's Caixa Seguridade postpones IPO amid coronavirus concerns - sources

10 Mar 2020

SAO PAULO Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the matter said, amid concerns about the new coronavirus and plunging oil prices.

Brazil meatpacker JBS plans U.S. listing as BNDES sells stake: sources

05 Mar 2020

SAO PAULO Brazilian meatpacker JBS SA and state development bank BNDES are planning a simultaneous listing of JBS international operations in the United States and the sale of the bank's stake in the company, five sources with knowledge of the matter said.

Brazilian bank Caixa preparing overhaul to increase sales

07 Feb 2020

SAO PAULO, Feb 7 Brazilian state-owned lender Caixa Economica Federal is preparing an administrative overhaul including a voluntary severance program and branch closures, a document reviewed by Reuters showed.

World News

U.S. coronavirus deaths top 100,000 as country reopens

The novel coronavirus has killed more than 100,000 people in the United States, according to a Reuters tally on Wednesday, even as the slowdown in deaths encouraged businesses to reopen and Americans to emerge from more than two months of lockdowns.