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Updated: 3 hours 38 min ago

Brazil's Richest Man May Reap $5.6 Billion in Kraft-Heinz Merger

13 hours 48 min ago
Brazil’s richest man Jorge Paulo Lemann may add more than $5 billion to his personal fortune after ketchup maker H.J. Heinz merges with Kraft Foods Group Inc. Heinz, controlled by Lemann’s 3G Capital and Warren Buffett’s Berkshire Hathaway Inc., agreed last week to buy the macaroni-and-cheese maker Kraft in a cash-and-stock deal. Heinz’s 51 percent of the combined company will be worth about $45 ...

Popularity of presidents of Brazil, Chile fall amid scandals

16 hours 19 min ago
SAO PAULO (AP) — The once-popular presidents of Brazil and Chile have both seen their approval ratings plunge amid corruption scandals that have battered their center-left governments, according to polls released Wednesday.

Brazil's Rousseff May Reschedule US State Visit, But Surveillance Concerns Linger

16 hours 52 min ago
The United States is taking another stab at arranging a state visit for Brazil’s president Dilma Rousseff, two years after she cancelled a trip to Washington over surveillance allegations. But Rousseff reportedly wants to ensure that the U.S. is no longer monitoring her communications before she makes the trip.

Brazil leads LatAm credit markets higher

18 hours 56 min ago
Bonds issued by Brazil's embattled oil company Petrobras were rallying after the company clinched US$3.5bn in financing from the Chinese Development Bank and President Dilma Rousseff said in an interview with Bloomberg that audited results would be released by month's end. "It is risk on and it is all about Brazil," said a New York based trader. Petrobras 2016s, 2024s and 2044s were respectively ...

Rising Inflation Fails To Deter Equity Markets in Brazil

Tue, 03/31/2015 - 12:06pm
Brazil’s inflation rate currently stands at 7.7%, according to the February reading reported by the Brazilian Institute of Geography and Statistics.

Brazil's Petrobras will not sell distribution arm -board member

Tue, 03/31/2015 - 10:14am
Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. Sinedino, who represents Petrobras workers' interests on the board and is one of three members not appointed by the government, said that in addition Petrobras is getting rid of third-party contractors to save costs ...

Brazil ETFs Look for Better Things in Q2

Tue, 03/31/2015 - 7:42am
With the first quarter drawing to a close today, it is fair to say the first three months of 2015 were unkind to Brazilian stocks and the relevant U.S.-listed exchange traded funds. The Market Vectors ...

Brazil posts unexpected primary deficit in February

Tue, 03/31/2015 - 4:52am
Brazil posted an unexpected primary budget deficit of 2.3 billion reais ($721 million) in February, central bank data showed on Tuesday, highlighting the challenges the government faces in achieving its closely watched fiscal goal this year. The gauge is of particular importance for Brazil, where President Dilma Rousseff started her second term in office with a concerted effort to stave off a ...

Brazil back on top, Paraguay make hosting count

Tue, 03/31/2015 - 3:45am
Brazil, Argentina, Ecuador and qualifying hosts Paraguay will be South America's representatives at the FIFA U-17 World Cup after an enthralling preliminary competition.

Graft, economy crank up pressure on Brazil ruling party

Mon, 03/30/2015 - 3:47pm
Twelve years after surging to power in Brazil, the Workers' Party (PT) is at a crossroads, struggling to deal with a tanking economy and a ballooning graft scandal that has implicated members and close allies. Party co-founder Luiz Inacio Lula da Silva, a former union leader, scored a historic poll win in October 2002, when he first led the PT to power, and maintained euphoric support levels ...

Brazil's Ex-President Cardoso to Defend Jailed Venezuelans

Mon, 03/30/2015 - 3:23pm
Brazil's ex-President Cardoso to defend jailed Venezuelan opposition leaders

Brazil's Levy says confident of solution for states' debt

Mon, 03/30/2015 - 3:08pm
Brazil's Finance Minister Joaquim Levy told journalists on Monday he is increasingly confident there will be a solution for state debt woes after meeting with Senate President Renan Calheiros. The Senate may vote on Tuesday on a bill that would give 30 days for the federal government to change the way the debts of states and cities are indexed, as required by a law passed late last year. States ...

Petrobras graft hits profits at Brazil development bank

Mon, 03/30/2015 - 12:01pm
Brazil's state-run National Development Bank posted healthy profits Monday, but indicated losses of some $800 million on its stock in Petrobras, whose market value has plunged on a graft scandal and lower oil prices. The BNDES bank, which lends to underpin major projects aimed at social development across a range of sectors, said it posted a liquid profit of 8.594 billion reais ($2.7 billion ...

Brazil outperforms in quiet quarter-end session

Mon, 03/30/2015 - 10:39am
Brazil outperformed in an otherwise quiet trading session for Latin American credits Monday, suggesting most accounts have already squared their positions ahead of the upcoming holiday. "After the end of the month, market activity is going to be pretty much shut for Latin America," said a corporate bond trader in New York. Brazil's bonds were ending the day some 5bp tighter, a better performance ...

VW halts production for three weeks at Brazil plant - union

Mon, 03/30/2015 - 9:01am
Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as disappearing demand forces carmakers in the country to manage excess capacity. A representative of the metalworkers union of Taubate, about 90 miles (150 kilometers) northeast of Sao Paulo, said the move had stopped production at the plant, which made the top ...

Brazil's Pots And Pans Clamor For Progress

Mon, 03/30/2015 - 6:52am
By Andrew DeSimone NEW YORK – The Petrobras scandal in Brazil has metastasized beyond President Dilma Rousseff’s control, bringing Brazilians back onto the streets in a groundswell of discontent. This latest iteration of the “panelaço,” that distinctly Latin American form of mass protest by banging pots and pans, served to mute [...]

Brazil unenthused despite Dunga winning run

Mon, 03/30/2015 - 5:51am
Brazilian media were unenthused Monday by an eighth straight friendly success under new coach Dunga, who is steadily repairing the morale of a Selecao shattered by last July's World Cup exit to Germany. Sunday's 1-0 win over Chile at the Emirates Stadium came hot on the heels of a 3-1 success over France at the Stade de France, scene of the South Americans' 1998 World Cup final implosion. The ...

Brazil sink feisty Chile to continue winning run

Sun, 03/29/2015 - 6:24pm
Roberto Firmino's goal gave Brazil a 1-0 victory over Chile in a feisty friendly at Arsenal’s Emirates Stadium on Sunday, their eighth successive win since last year's disappointing World Cup campaign.

Brazil sink feisty Chile to continue winning run

Sun, 03/29/2015 - 5:54pm
By Tom Hayward Roberto Firmino's goal gave Brazil a 1-0 victory over Chile in a feisty friendly at Arsenal’s Emirates Stadium on Sunday, their eighth successive win since last year's disappointing World Cup campaign. Firmino, a 61st-minute substitute, burst clear after 73 minutes and expertly rounded Chile keeper Claudio Bravo before dispatching a simple finish into the empty goal. Brazil ...

Brazil sink feisty Chile to continue winning run

Sun, 03/29/2015 - 5:54pm
By Tom Hayward Roberto Firmino's goal gave Brazil a 1-0 victory over Chile in a feisty friendly at Arsenal’s Emirates Stadium on Sunday, their eighth successive win since last year's disappointing World Cup campaign. Firmino, a 61st-minute substitute, burst clear after 73 minutes and expertly rounded Chile keeper Claudio Bravo before dispatching a simple finish into the empty goal. Brazil ...