Category: Brazil

Varig, Brazil’s largest airline, is joining forces with the country’s third largest carrier, TAM, to create a new online travel agency to be named Portal Latino Americano: plata.com. The project […]

Yet another free-market wizard has taken a top job in Brazil’s government banks. Eleazar de Carvalho Filho, a former UBS Warburg executive, now plans to shape Brazilian industry and financial markets as head of the government’s investment operations.

BellSouth paid $229 million for 16.5% of TeleCentroOeste Celular Participacoes, a Brazilian regional cell phone network that covers the capital Brasilia. BellSouth, which already operates BCP, one of two cell […]

Nissan, the French-Japanese car company, will build its first Brazilian assembly plant in the southern city of Curitiba where Renault, its partner, already builds cars. Most of the world’s largest […]

Demand for technology and power supplies in Latin America is luring banks back to the project finance market. Lenders are still cautious, but prospects in Brazil and Mexico look more favorable.

Led by Central Bank President Armínio Fraga, Brazil has laid the foundation for a broader, more liquid domestic capital market, just as access to world debt markets has become uncertain.

PT-Multimedia.com Portugal’s biggest Internet and cable television company, has agreed to buy 31.5% of Brazil’s Banco1.net, an online bank owned by Unibanco for $62.5 million. Banco1.net will be created from […]

Global markets are closing their doors to Latin American borrowers, just as the region is recovering from the effects of last year’s Brazilian currency devaluation crisis. In a 14-page report, LatinFinance looks at how sovereign and corporate borrowers in Mexico, Brazil, Colombia adn Argentina are reacting. Some issuers are resorting to their domestic markets. Others plan to ride out the storm.