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.
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.
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.
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.
SAO PAULO Brazilian retailers B2W and Magazine Luiza confirmed in filings on Wednesday they are considering the acquisition of online shoe retailer Netshoes Ltd.
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.
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.
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.
(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
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 %
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 %
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
(Reporting by Susan Mathew in Bengaluru and Paula Arend Laier
in Sao Paulo; Editing by Lisa Shumaker)
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.