Tag: Itau Unibanco Holding

• Thursday, May 18th 2017 - 22:37 UTC

  Bovespa plummets 8.8% and Real suffers the largest drop in 14 years

  

  Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda.

• Friday, July 24th 2015 - 10:39 UTC

  Brazilian currency and markets drop on latest fiscal savings goals

  

  Brazil's currency, the Real, tumbled on Thursday after the government announced it would slash its fiscal savings goals for this year and next, raising investor fears that the country may lose its investment-grade credit rating.

• Wednesday, May 6th 2015 - 07:16 UTC

  Brazilian leading bank prepares ahead of the country's 'steepest recession in two decades'

  

  Itaú Unibanco Holding SA, one of Brazil's strongest and leading banking groups is provisioning more for loan losses and curbing loan book growth in a bet that careful risk management will help the bank navigate the country's steepest recession in over two decades.

• Wednesday, June 20th 2012 - 06:19 UTC

  Brazilian bank purchases 3.6% stake in nationalized YPF

  

  Brazilian bank Itaú Unibanco purchased a 3.6% stake in Argentina’s nationalized oil company YPF, an operation involving 157.8 million dollars.

• Friday, July 29th 2011 - 06:40 UTC

  World Cup set to boost Brazil’s GDP by 1.5%, estimates the country’s main bank

  

  The three-year build-up to the 2014 soccer World Cup is set to boost Brazil’s economy by 1.5% of GDP, according to Ilan Goldfajn, chief economist of the Itau Unibanco Holding, Latin America’s largest bank by market value.