Brazil

Coca-Cola Femsa acquires Spaipa SA Industria Brasileira de Bebidas

The latest purchase made by Coca-Cola in Mexico was recently announced after an acquisition spree across three continents was undertaken.

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Brazil Real surges on USD60 billion plan

The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.

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Itau to contest USD8 billion tax charges

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

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Oi slumps following surprise loss, dividend reduction

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

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Samsung faces USD108 million lawsuit in Brazil over labor violations

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

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Honda invests USD 440.55 million for new Brazil car plant

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

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H.I.G. Capital Brazil invests in LG Sistemas

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

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Unidas plans for IPO

Unidas announced plans for a public offering.

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IFC defies bearishness in Brazil, invests US$2 billion

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

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Brazil's richest loses more than US$30 billion, worth down 74%

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

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Oi’s US$1.1 billion asset sale shores up company funding

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

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Sale of ThyssenKrupp's steel mill in Brazil not looming - source

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

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

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

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Brazil's purchase of Angolan LNG's cargo signals weaker shipping demand

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

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Capital flight from BRIC results to US$13.9 billion lost

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

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