Page 29 - Peter Frontini News Today

Softbank expects exits from its investments in Latin American startups to intensify from 2025 as the region's prospects improve, Alex Szapiro, regional head and managing partner at the firm, told Reuters on Tuesday. The investment giant's exit from Brazilian fintech Pismo, which was bought by Visa in a $1-billion deal in June, is likely to be the first of a cycle of divestments in the region, Szapiro said in an interview at Softbank's Sao Paulo offices. "We are having a lot...

Softbank expects exits from its investments in Latin American startups to intensify from 2025 as the regions prospects improve, Alex Szapiro, regional head and managing partner at the firm, told...

Brazilian lender Itau Unibanco reported on Monday a 14% increase in second-quarter net profit compared to the same period last year, in a result that beat analyst expectations. Latin...

SAO PAULO (Reuters) -Brazilian lender Itau Unibanco reported a 14% increase in second-quarter net profit from a year earlier, beating expectations, while

SAO PAULO, Aug 4 - Global financial services firm UBS has resumed the sale of the Credit Suisse real estate business in Brazil, a Brazilian news outlet reported on...

Brazilian lender Bradesco said on Thursday its second-quarter profit fell 35.8% from the year-ago period, but still surpassed analysts expectations. The banks recurring net income,...

Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations.

By Bernardo Caram and Marcela Ayres BRASILIA (Reuters) - Delays and disappointments on revenue-boosting measures have made it harder for Brazil's gove...

SAO PAULO (Reuters) -Brazil's central bank kicked off its rate-cutting cycle more aggressively than expected on Wednesday, reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook. The rest expected a smaller reduction of 25 basis points. Brazil's first rate cut in three years came after policymakers held borrowing costs steady since September 2022, following 1,175 basis points of rate hikes to ba...

Brazil reported a larger-than-expected trade surplus for July, helped by fewer imports of fuel and fertilizers, government data showed on Tuesday. The trade surplus stood at $9.04...