Archive for the ‘Stock & Bond Market News’ Category
Lan to Seek Global Expansion After Tam Acquisition
Chile’s Lan Airlines SA plans to add international commercial routes and expand its freight business to build on its $3.7 billion purchase of Brazil’s Tam SA, which will create the world’s 11th largest carrier by passengers. Read more: Lan to Seek Global Expansion After Tam Acquisition
Tags: Lan Airlines SA, TAM | Posted under Stock & Bond Market News | 6 Comments
Petrobras Says Share Sale to Replenish Capital as Debt Rises
Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said its plan to sell as much as $25 billion of new shares next month will replenish capital after debt rose to the upper limits of its target last quarter. Read more: Petrobras Says Share Sale to Replenish Capital as Debt Rises
Tags: BBB-, BP Plc, Fitch Ratings Ltd, Link Investimentos, New York Mercantile Exchange, Petroleo Brasileiro SA, Standard & Poor’s, ubs ag | Posted under Stock & Bond Market News | No Comments
Euro Debt Costs at 4-Month Low Prompt Brazil’s Braskem to Sell
The lowest borrowing costs in euros relative to dollars in four months led Brazilian petrochemicals maker Braskem SA to plan a bond offering that Banco Santander SA says may signal a pickup in sales from the country. Read more: Euro Debt Costs at 4-Month Low Prompt Brazil’s Braskem to Sell
BM&FBovespa Profit Rises 30% as Rate Bets Lift Volume
BM&FBovespa SA, the operator of Latin America’s biggest exchange, said second-quarter profit rose 30 percent as derivatives trading increased amid growing speculation about Brazilian borrowing costs. Read more: BM&FBovespa Profit Rises 30% as Rate Bets Lift Volume
Tags: BM&FBovespa SA, net income, Selic | Posted under Stock & Bond Market News | No Comments
Brazil Sells Record Debt on Concern Meirelles on Hold
Brazilian President Luiz Inacio Lula da Silva is selling record amounts of debt as speculation increases that the central bank may be done raising interest rates this year. Read more: Brazil Sells Record Debt on Concern Meirelles on Hold
Tags: Credit-default swaps, Henrique Meirelles, IPCA index, Luiz Inácio Lula da Silva, zero-coupon bonds | Posted under Stock & Bond Market News | No Comments
Brazil Homebuilders Rally After Rossi Profit Doubles
Brazilian real-estate companies rallied in Sao Paulo trading after Rossi Residencial SA said second-quarter profit more than doubled. Read more: Brazil Homebuilders Rally After Rossi Profit Doubles
Petrobras Finds Natural Gas, Oil in Onshore Espirito Santo Well
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, discovered traces of oil and natural gas in an onshore well in Brazil’s Espirito Santo Basin. Read more: Petrobras Finds Natural Gas, Oil in Onshore Espirito Santo Well
Tags: 3BRSA850ES, Espirito Santo Basin, Fazenda Sao Rafael, Petroleo Brasileiro SA | Posted under Stock & Bond Market News | No Comments
Petrobras Posts Profit Gain of 1.7% on Gasoline Price Controls
Petroleo Brasileiro SA, the state- controlled Brazilian oil company, reported the smallest profit gain of the world’s largest oil producers as government price controls on gasoline eroded gains from higher oil prices. Read more: Petrobras Posts Profit Gain of 1.7% on Gasoline Price Controls
Tags: Exxon Mobil Corp., net income, petrobras, Petroleo Brasileiro SA, Royal Dutch Shell Plc, ubs ag | Posted under Stock & Bond Market News | No Comments
Synergies to add $3 billion to new LAN-TAM group
A merger between Brazil’s TAM and Chile’s LAN airlines would generate synergies likely to add some $3 billion in value to the new group, LAN’s chief executive was quoted as saying by a local paper on Saturday. Read more: Synergies to add $3 billion to new LAN-TAM group
Tags: LAN airlines, LATAM Airlines, TAM | Posted under Stock & Bond Market News | No Comments
OGX Sees ‘Significant’ Rise in Resources on New Find
OGX Petroleo & Gas Participacoes SA expects a “significant” increase in its potential oil and natural-gas resources after making a new discovery in Brazil, Chief Executive Officer Paulo Mendonca said. Read more: OGX Sees ‘Significant’ Rise in Resources on New Find
Tags: Batista, MPX Energia SA, natural gas, OGX Petroleo & Gas Participacoes SA, Parnaiba Basin | Posted under Stock & Bond Market News | No Comments
Lula Prefers Oi to Manage Broadband Lines, Diario Economico Says
Tele Norte Leste Participacoes SA is likely to be chosen by President Luiz Inacio Lula da Silva to manage Brazil’s broadband Internet network, Diario Economico reported, citing unidentified people in the country’s telecommunications industry. Read more: Lula Prefers Oi to Manage Broadband Lines, Diario Economico Says
Tags: Luiz Inácio Lula da Silva, oi, Tele Norte, Tele Norte Leste Participacoes SA | Posted under Stock & Bond Market News | No Comments
AmBev Second-Quarter Profit Rises 9.8% on World Cup
Cia. de Bebidas das Americas, Latin America’s largest brewer, said second-quarter profit rose 9.8 percent after the World Cup soccer tournament helped boost Brazilian beer sales. Read more: AmBev Second-Quarter Profit Rises 9.8% on World Cup
Tags: ambev, Anheuser-Busch InBev NV, Barclays Capital Plc, cia de bebidas das americas | Posted under Stock & Bond Market News | No Comments
Brazil Bond Risk May Jump Versus Mexico on Election Concern
Speculation is growing President Luiz Inacio Lula da Silva’s successor will boost deficit spending as Morgan Stanley and Royal Bank of Canada predict the risk associated with Brazilian debt relative to Mexico will climb to a 20-month high. Read more: Brazil Bond Risk May Jump Versus Mexico on Election Concern
Tags: Credit-default swaps, Luiz Inácio Lula da Silva, Morgan Stanley, RBC, Royal Bank of Canada | Posted under Stock & Bond Market News | No Comments
OGX Posts Net Income of 57.8 Million Reais in Second Quarter
OGX Petroleo e Gas Participacoes SA, the oil company controlled by billionaire Eike Batista, posted a profit in the second quarter as it speeds up exploration in Brazil. Read more: OGX Posts Net Income of 57.8 Million Reais in Second Quarter
Tags: brazil, campos basin, Colombia, net income, OGX Petroleo e Gas Participacoes SA | Posted under Stock & Bond Market News | No Comments
Cyrela Second-Quarter Profit Rises on Growth, Interest Rates
Cyrela Brazil Realty SA Empreendimentos e Participacoes, Brazil’s biggest homebuilder, said second-quarter profit increased 6.6 percent as Latin America’s largest economy improved and falling interest rates encouraged buyers to take out mortgages. Read more: Cyrela Second-Quarter Profit Rises on Growth, Interest Rates
Petrobras Profit Falls Short of Rivals on Government-Set Prices
Petroleo Brasileiro SA, which lost a quarter of its market value this year, is set to post the smallest profit gain among the world’s largest oil producers because of government controls on fuel prices. Read more: Petrobras Profit Falls Short of Rivals on Government-Set Prices
CSN Quarterly Profit Rises on Domestic Rebound, Prices
Cia. Siderurgica Nacional SA, Brazil’s third-biggest steelmaker, said quarterly net income more than doubled because of higher steel and iron-ore prices and rising demand in Latin America’s largest economy. Read more: CSN Quarterly Profit Rises on Domestic Rebound, Prices
Tags: Banco BTG Pactual SA, Cia. Siderurgica Nacional SA, csn, iron, net income, ore, profit, Revenue, steel | Posted under Stock & Bond Market News | No Comments
Hypermarcas Amasses $684 Million With Plans for More Purchases
Hypermarcas SA, Brazil’s fourth- largest consumer goods company by market value, has amassed more than 1.2 billion reais ($684 million) for acquisitions and may make more purchases in the next 12 to 18 months, Chief Executive Officer Claudio Bergamo said. Read more: Hypermarcas Amasses $684 Million With Plans for More Purchases
Real Traders Pay Highest Insurance as Rate Increases Slow
Brazilian real traders are paying the highest premium in the world to insure against currency declines after speculation the central bank is done raising rates made it the worst performer over the past month. Read more: Real Traders Pay Highest Insurance as Rate Increases Slow
Tags: barclays plc, benchmark lending rates, carry trade, central bank, dollar, Gross domestic product, Henrique Meirelles, inflation, JPMorgan Chase & Co, National Petroleum Agency, Petroleo Brasileiro SA, real, Societe Generale SA, yields on interest rate futures | Posted under Stock & Bond Market News | No Comments
Gol Posts Second-Quarter Loss of 51.9 Million Reais on Currency
Gol Linhas Aereas Inteligentes SA, Brazil’s second-largest airline company by market share, posted a second-quarter loss after costs rose and a decline in the real increased the value of its foreign-currency debt. Read more: Gol Posts Second-Quarter Loss of 51.9 Million Reais on Currency
Tags: airline, gol, Gol Linhas Aereas Inteligentes SA, Gross domestic product, net income, net loss | Posted under Stock & Bond Market News | No Comments