VENTURE CAPITAL POST

Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion).

Oi SA plunged following its announcement about an unexpected loss and reduction of its dividend payment.

A labor rights group reported that the Brazilian government filed a USD108 million lawsuit against Samsung for its labor violations.

Honda Motor Co announced its plans to build a new car plant in Brazil.

H.I.G. Capital announced the investment of its Brazilian affiliate in LG Sistemas.

Unidas announced plans for a public offering.

The IFC had invested US$2 billion in Brazil amid sluggish economic growth and large demonstrations in the country.

Batista's worth went down 74% after losing more than US$30 billion.

Oi SA would sell its undersea cables and towers worth US$1 billion so that it could reinforce the funding for the company.

According to a source, the sale of ThyssenKrupp's Brazilian steel mill was not imminent.

Latin American currencies low as investors waited for results of Fed's meeting.

Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.

Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.

The leading global mid-market investment bank furthers its bid to cater to Latin America and Brazil based clients with the acquisition of Stratus Group's financial advisory division.

Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX.