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Brazil

Carrefour

Tycoon Diniz in talks to buy part of Carrefour's Brazil unit

Brazilian tycoon Abilio Diniz is in talks with Carrefour SA about buying a stake in the French retailer's Brazilian unit, a source with direct knowledge of the situation said on Wednesday.

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Sao Paulo, Brazil

A glum Christmas for Brazil retailers - and little cheer ahead

Brazilian retailers are expecting their worst Christmas season in a decade and signs are pointing to an unhappy New Year ahead.

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Brazil's largest fixed-line telecoms group Oi

Telecoms group Altice set to buy Oi's Portugal operations

Telecoms group Altice SA (ATCE.AS) has agreed to buy the Portuguese operations of Brazil's Grupo Oi (OIBR3.SA) for about 7.4 billion euros ($9.2 billion), in what will be its third large acquisition this year.

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Joaquim Levy

Brazil's Levy says lower debt will open room for social spending

Brazil's efforts to bring down its debt will translate into renewed investor confidence and additional room to continue poverty-reduction policies for the years to come, incoming Finance Minister Joaquim Levy said on Saturday.

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Sao Paulo

Brazil meat company JBS to buy Australia's Primo for $1.25 billion

Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for $1.25 billion.

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China

S&P sounds warning on Chinese property sector, Russian banks

Credit rating agency Standard and Poor's said on Wednesday that China's over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.

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Mining

Xstrata founder Davis bids for Anglo American assets

Mick Davis, the former boss of miner Xstrata, has made an offer for Anglo American assets including copper mines in Chile, Brazilian nickel mines and some coal operations, the Sunday Times reported without citing sources.

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Motor Show

At Brazil auto show, industry wonders if it can get any worse

Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.

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SAAB

Saab finalizes $5.4 billion Brazil order for 36 fighter jets

Swedish aerospace firm Saab (SAABb.ST) has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defense contracts up for grabs in an emerging market.

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CH-47F Chinook helicopter

Boeing eyes possible Chinook helicopter sale to Brazil

The Brazilian Army has expressed interest in buying a handful of Boeing Co (BA.N) CH-47 Chinook helicopters, the company said on Wednesday, saying that it continued to view Brazil as an important partner for defense and commercial projects.

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Port

Ports tighten ship entry procedures as Ebola fears spread

Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus.

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eBay Inc

Launching marketplace, eBay aims to drive consolidation in Russia

Internet auction site eBay intends to drive a wave of consolidation in Russia's e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.

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News on Scotland's referendum (background)

Relief over Scotland gives way to 'Great Stagnation' worries

Scotland's rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the "Great Stagnation", and how to avoid it.

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An employee in JBS, goes through his tasks for the day

JBS delays $1.7 billion food unit IPO amid market slide, sources say

JBS SA, the world's largest meatpacker, has put off a plan to raise 4 billion reais ($1.7 billion) from the initial public offering of its pork, poultry and food-processing operations in Brazil, two sources with direct knowledge of the decision said.

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Vivendi

Vivendi, Telefonica seal $9.3 billion Brazilian broadband deal

French media group Vivendi has finalised an agreement to sell its Brazilian broadband business GVT to Spain's Telefonica for cash and shares worth around 7.2 billion euros ($9.29 billion), the companies announced on Friday.

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