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Brazil Banking News. Service for global professionals. Constantly updated news and information about Brazil.
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Latest Brazil Banking News

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  • Brazil stocks edge up in choppy trade, real slips 10 Nov 2009 15:38 GMT
    ... SAO PAULO, Nov 10 (Reuters) - Brazilian stocks crept higher in choppy trading on ... weakened 0.47 percent to 1.71 per dollar. Brazil's finance minister, Guido Mantega, said at a ... reais. Investors also booked profits on some banks, which had gained during the previous session. ...

  • Banks have a 'socially useful' role to play 10 Nov 2009 19:50 GMT
    ... Banks have a 'socially useful’ role to play ... and the natural resource economies such as Brazil, are in the fast lane but it’s the ... that trade through their commercial and investment banking arms. That’s their “socially useful” purpose. The ...

  • LATIN AMERICAN MARKETS: Brazil Up As Energy Prices, GDP Outlook Rise 10 Nov 2009 01:33 GMT
    ... LATIN AMERICAN MARKETS: Brazil Up As Energy Prices, GDP Outlook Rise LOS ... million in three-year overseas bonds by the banking firm. (END) Dow Jones Newswires 11-09-091848ET Copyright (c) ...

  • Israeli President Peres arrives in Brazil on official visit 10 Nov 2009 18:10 GMT
    ... President Shimon Peres is to arrive in Brazil Tuesday for an official visit that comes just ... off mudslides and sent rivers over their banks in El Salvador, rescue workers said Sunday. The ...

  • Tuesday Newspaper Review - Irish Business News and International Stories - - November 10, 2009 10 Nov 2009 07:32 GMT
    ... The New York Times reports that if the economy is ... late Friday. The NYT also reports that banks are struggling to make money in the ... vote has not been scheduled. The Senate Banking Committee chairman, , Democrat of Connecticut, meanwhile, ...

  • Emerging nations taking up baton on China's yuan 10 Nov 2009 17:11 GMT
    ... also be starting to turn on it. Brazil's finance minister Guido Mantega -- part of ... Xuren shrugged off the noises from the Brazilians and others this weekend, rather pointing to ... at Standard Chartered, one of the biggest banks operating in Asia. "We do not expect ...

  • Ultrapetrol Announces Third Quarter 2009 Financial Results 10 Nov 2009 21:30 GMT
    ... and UP Topazio, which was repositioned in Brazil to serve this contract; * Entered into ... 17-year fixed interest credit facility with the Brazilian Development Bank, or BNDES on August 20, ... governing the Company's 9% First Preferred Ship Mortgage Notes due 2014. We do not intend ...

  • Ultrapetrol Announces Third Quarter 2009 Financial Results (GNW) 10 Nov 2009 21:30 GMT
    ... we continued to grow our presence in Brazil in an effort to benefit from new ... on U.S. dollar denominated debt of our Brazilian subsidiary in the Offshore Supply Business and ... governing the Company's 9% First Preferred Ship Mortgage Notes due 2014. We do not intend ...

  • HSBC Q3 earnings 'significantly' higher 10 Nov 2009 12:56 GMT
    ... 3.1 percent Tuesday, outperforming most other European banks The results were better on account of ... impairment charges were low. In the investment banking unit, revenue and profit declined but were ... on emerging markets like China, India and Brazil. “In Hong Kong, we increased commercial lending and ...

  • Goldman Sachs' Lloyd Blankfein: Wealth management unit 'should be bigger' 10 Nov 2009 22:16 GMT
    ... institution, since it is not interested in retail-banking products such as credit cards and mortgage ... funds at a time when traditional commercial banks have cut back lending. The company's ability ... expand quickly into emerging markets such as Brazil, Russia, Indian and China, and sees opportunities in ...

  • Analyzing U.S. Economy in Terms of Housing 10 Nov 2009 15:16 GMT
    ... own home to those in lower incomes. Mortgages were generally originated by third party shops ... passed on and digested into fortune 500 banks' balance sheets, as a Moody's/S&P rated package ... on par with those of China and Brazil, known as "cash for clunkers", which drove ...

  • Developing Nations Voice Complaints About Chinese Currency 10 Nov 2009 16:20 GMT
    ... starting to protest. The Finance Minister of Brazil, Guido Mantega — part of the so-called ... Xuren, shrugged off the noises from the Brazilians and others, rather pointing to the need ... U.S. dollar, and a number of central banks have had to intervene almost daily to ...

  • Developing Countries Voice Complaints About Chinese Currency 10 Nov 2009 16:31 GMT
    ... starting to protest. The Finance Minister of Brazil, Guido Mantega — part of the so-called ... Xuren, shrugged off the noises from the Brazilians and others, rather pointing to the need ... U.S. dollar, and a number of central banks have had to intervene almost daily to ...

  • Nine soldiers, 30 rebels killed in Colombia clashes 10 Nov 2009 18:10 GMT
    ... Tuesday for the first official visit to Brazil by an Israeli president in 43 years. ... was to address both chambers of the Brazilian Congress later in the day and meet ... off mudslides and sent rivers over their banks in El Salvador, rescue workers said Sunday. ...

  • G20's policy cohesion beginning to fray 10 Nov 2009 04:35 GMT
    ... currencies and regulation. Finance ministers and central bankers from the Group of 20 nations ended ... of paying for future bailouts of the banking system. At the same time, finance ministers ... the G20 members, including the European Union, Brazil and Canada. The spats, failures and omissions strengthen ...


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