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Brazil’s TAM orders 25 Airbus aircraft
European jet maker Airbus says Brazil’s TAM Airlines has placed an order for 25 planes, including five of its A350-900 widebody aircraft being developing to compete with Boeing Co.’s 787. Full Story
Brazil July IGP-M Price Index Slows for Second Month
Brazil’s monthly inflation as measured by the IGP-M price index rose 0.15 percent in July, the Getulio Vargas Foundation said in a statement on its website. Full Story
Portugal Telecom Squeezes $2.3 Billion Out of Alierta
Telefonica SA called its initial bid for Portugal Telecom SGPS SA’s stake in Vivo Participacoes SA of Brazil “fair, full and final.” Chairman Cesar Alierta paid 1.8 billion euros ($2.3 billion) more to close the deal. Full Story
Bradesco Net Rises 23% in Second Quarter on Lending
Banco Bradesco SA, Brazil’s second- biggest bank by market value, said second-quarter profit increased 23 percent as lending expanded in Latin America’s largest economy. Full Story
Telefonica, Portugal Telecom Agree on Vivo Stake; Oi Deal Seen
Telefonica SA reached an initial agreement to buy Portugal Telecom SGPS SA’s stake in Brazil’s Vivo Participacoes SA after raising its bid a third time to 7.5 billion euros ($9.8 billion), people close to the talks said. Full Story
Brazil Financials ETF to Trade in New York, Global X Says
The first Brazilian exchange-traded fund tracking financial shares will begin trading in New York on July 29, said the chief executive officer of Global X Management Company LLC, the asset manager overseeing the fund. Full Story
Brazil Sells $750 Million of 2021 Bonds After Boosting Sale
Brazil sold $750 million of bonds after boosting the size of its second international offering this year by 50 percent.
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Petrobras Discovers More Oil in Onshore Well at Seriema Field
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, found more evidence of oil in an onshore well in Brazil’s Seriema field, the Brazilian petroleum regulator said. Full Story
Oi, Portugal Telecom May Run Brazil Internet Plan, Folha Says
Brazil’s government wants Tele Norte Leste Participacoes SA and Portugal Telecom SGPS SA to become partners in a plan to expand broadband Internet access across the country, Folha de S. Paulo reported, without saying where it got the information. Full Story
Hypermarcas, Pfizer May Buy Mantecorp, Relatorio Reservado Says
Hypermarcas SA and Pfizer Inc. are considering buying Mantecorp, a Brazilian maker of generic drugs, Relatorio Reservado reported, without saying where it got the information. Full Story
Real Rally Fuels Speculation Brazil to Step Into Futures Market
A two-month rally in the Brazilian real is spurring speculation the central bank will buy dollars in the futures market for the first time in 14 months. Full Story
Sugar Gains as Supplies May Tighten on Brazil’s Port Backlog
Raw-sugar prices climbed amid concern that supplies from Brazil, the world’s top producer, will be disrupted. Full Story
China lifts investment in Brazil
China’s direct investment in Brazil has soared this year to a projected $US12 billion ($13.46 billion), catapulting it to the top of the South American giant’s foreign investment heap, Globo news reported on Sunday. Full Story
Shipping Bottoming as China Steel Rebound Lifts Ore
The smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron-ore prices signal improving Chinese demand that will ease the transport glut. Full Story
Slim Saving Money for Brazil’s Net as Bid May Boost Debt Rating
Speculation that billionaire Carlos Slim will buy Net Servicos de Comunicacao SA, Brazil’s biggest cable-TV provider, is driving down the company’s borrowing costs relative to America Movil SA from a record high. Full Story
Bamin investing US$1.8bn to build Pedra de Ferro iron ore project
Brazilian iron ore miner Bahia Mineraçao (Bamin) is investing US$1.8bn in its Pedra de Ferro project which will produce 19.5Mt/y of concentrate from 2013, according to commercial director Gilberto Penna. Full Story
Brazil Iron Ore Miner Zamin May Sell Shares in London, FT Says
Zamin Ferrous, a miner of iron ore in Brazil, is considering selling shares in London, the Financial Times reported.
Zamin may be valued at $2 billion to $2.5 billion, the FT said, citing an unidentified banker familiar with the company. Full Story
Brazil May Cut Taxes to Aid Investment, Mantega Says
Brazil’s government is considering tax breaks to stimulate long-term lending for infrastructure investment, helping to reduce the lending burden on the state development bank, Finance Minister Guido Mantega said. Full Story
Sugar Falls as Forecasts for Jump in Brazil Output Halt Rally
Sugar futures fell from a four-month high on forecasts for a bumper crop in Brazil, the world’s biggest producer. Full Story