Latest News
Brazil Bond Market Has Busiest August in Decade as Yields Fall
Banco Bradesco SA’s $1 billion bond sale is making this month the busiest August since 2000 in the Brazilian market as a rally sends corporate borrowing costs to near the lowest on record. Full Story
Repsol to Sell Shares in Brazil Unit to Fund Fields
Repsol YPF SA, Spain’s largest oil company, filed to sell voting shares in its Brazilian unit to fund exploration and production at offshore fields. Full Story
ALL America Second-Quarter Net Rises to 136.4 Million Reais
ALL America Latina Logistica SA, Brazil’s biggest railroad operator, said second-quarter profit more than doubled. Full Story
Petrobras, Regulator Disagree on Price for Oil Swap, Estado Says
Petroleo Brasileiro SA and Brazil’s National Petroleum Agency disagree on the price per barrel in a planned share-for-oil swap, O Estado de S. Paulo reported, without saying where it got the information. Full Story
Bradesco to Sell $1 Billion of Dollar Bonds Abroad
Banco Bradesco SA, Brazil’s second- biggest lender by market value, plans to sell $1 billion of bonds in its largest dollar-denominated debt offering, according to a person familiar with the transaction. Full Story
Banrisul says southern branch network gives it advantage in acquiring
Brazil’s Banrisul, the bank controlled by the state government of Rio Grande do Sul, expects to be able to compete on equal or better terms with its major rivals in the card acquiring segment in southern Brazil as a result of its branch network in this region, the bank’s head of e-channels, Carlos Malafaia, told BNamericas. Full Story
Caixa to enter Bradesco-BB credit card venture
Caixa Economica Federal, Brazil’s largest mortgage lender, will merge its credit and debit card business into a single brand with rivals Banco do Brasil (BBAS3.SA) and Banco Bradesco (BBDC4.SA). Full Story
Brazil Prices Rise at Second-Slowest Pace Since 2006
Brazil’s consumer prices last month rose at the second-slowest pace since 2006, fueling speculation that the central bank may slow the pace of interest rates increases as Latin America´s biggest economy cools. Yields on most interest-rate futures fell. Full Story
Nord, Mercury Say Sergipe Basin Discovery Is Commercially Viable
Nord Oil & Gas SA and Mercury do Brasil Oil & Gas SA said an onshore discovery in Brazil’s Sergipe Basin is commercially viable. Full Story
Rousseff Holds 5-Point Lead Over Serra in Brazil Election Poll
Dilma Rousseff, the chosen successor of Brazilian President Luiz Inacio Lula da Silva, kept her 5 percentage point lead over rival presidential candidate Jose Serra, according to an Ibope poll. Full Story
Petrobras Discovers Gas in Onshore Brazil Solimoes Basin Well
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, discovered gas in an onshore well in the Solimoes Basin in the Amazon region. Full Story
Lojas Americanas Net Rises Fourfold on Brazil Economy
Lojas Americanas SA, Brazil’s biggest discount retailer, said second-quarter profit jumped more than fourfold as spending grew in Latin America’s largest economy. Full Story
Asian Demand Strong Amid Brazil Delays, Queensland Sugar Says
Asian demand for sugar was “very strong” amid reduced estimates for Thai production and shipping delays in Brazil, Queensland Sugar Ltd. said in an e-mailed statement today. Full Story
Brazil’s Eletropaulo Q2 net triples from year ago
Brazilian electric energy distributor Eletropaulo (ELPL6.SA: Quote), which is controlled by U.S. energy group AES (AES.N: Quote), said on Thursday its net profit rose 200 percent from the same period a year ago. Full Story
IMF says Brazilian currency overvalued
The International Monetary Fund said on Thursday Brazil’s currency, the real (BRBY), “appears overvalued” and urged authorities to focus monetary policy on keeping inflation expectations well anchored. Full Story
Embratel Offers to Buy Net Servicos Preferred Shares
Embratel Participacoes SA, controlled by billionaire Carlos Slim, plans to buy all the preferred shares of Net Servicos de Comunicacao SA, Brazil’s biggest cable-TV operator, for as much as 4.58 billion reais ($2.61 billion). Full Story
Embraer Sees Backlog Reaching More Than $17 Billion by December
Empresa Brasileira de Aeronautica SA, the world’s fourth-largest aircraft maker, will have a backlog of more than $17 billion before the end of the year, said Luiz Carlos Aguiar, the company’s vice president of finance. Full Story
Petrobras May Be Called by Lawmakers to Clarify Loan
Petroleo Brasileiro SA, Brazil’s state-run oil producer, may be called by lawmakers to clarify a 2 billion-real ($1.1 billion) loan from government bank Caixa Economica Federal in June, an opposition-party leader said. Full Story