Tag: Bovespa

Thursday, January 16th 2025 - 10:09 UTC
Azul and Gol announce merger to create aviation giant

Brazilian airlines Azul and Gol announced Wednesday after trading closed on the São Paulo Stock Exchange (Bovespa) that they had signed a memorandum of intent to finalize a merger whereby one of the largest airlines in Latin America would be created. If the plan goes through, the resulting airline would have a 60% share in Latin America's largest country, thus challenging Latam's hegemony.
Friday, October 22nd 2021 - 09:44 UTC
Brazil's Economy Minister shakes markets with unexpected announcement

Economy Minister Paulo Guedes' announcements Thursday shook Brazilian markets after the official admitted he might not meet the public spending ceiling.
Saturday, May 9th 2020 - 08:54 UTC
Brazil's Real recovers slightly on commodities market optimism

Brazil's Real firmed for the first time this week, bouncing from last session's all-time lows, while most other Latin American currencies also strengthened on Friday on signs of easing tensions between the United States and China.
Thursday, February 27th 2020 - 08:49 UTC
Brazilian markets reopen to a shock and the Real weakens to a new low

Brazil's Real touched a record low on Wednesday as traders returned from the Carnival holiday only to be alarmed by concerns about the spread of the new coronavirus after Sao Paulo confirmed its first case. The Real weakened 1.1% to 4.4470 against the dollar, as it led declines among other Latin American currencies.
Wednesday, October 23rd 2019 - 09:55 UTC
Brazil approves pensions' reform: markets soar and stocks hit an all time high

Brazil's Senate on Tuesday gave final approval to a landmark reform of the country's social security system, in a step seen as key to stabilizing public finances and the economy. The text was approved by a vote of 60-19.
Wednesday, September 11th 2019 - 09:32 UTC
Brazilian markets influenced by weak data from China and coming central banks decisions

Brazilian shares broke a four-day run of gains on Tuesday, mirroring declines in global stocks after weak China data-fueled growth concerns, while currencies were tepid ahead of major central bank policy decisions.
Thursday, June 20th 2019 - 09:20 UTC
Vale resumes full operations at Brucutu mine easing pressure on iron ore markets

Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.
Thursday, May 9th 2019 - 08:26 UTC
Brazil's economy on an extremely slow start in the second quarter

Brazil's economy got off to an extremely slow start in the second quarter, figures released showed, with activity in the all-important services sector contracting in April for the first time since September last year.
Thursday, April 25th 2019 - 09:29 UTC
Brazil: Investors fearful of reaction to pension reform next steps in congressional debate

Brazilian markets slumped on Wednesday, a day after a planned pension overhaul cleared a congressional hurdle following a lengthy debate that highlighted the government’s struggle to build support for its signature reform policy.
Wednesday, April 24th 2019 - 09:19 UTC
Brazilian markets fly as pension reform receives political backing in Congress

Brazilian markets rose on Tuesday after the path was cleared for a congressional committee vote on pension reform, a sign that the government is finally getting political backing for the most important element of its economic reform agenda.