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Brazil s B3, Totvs join forces in fintech venture

Reuters 1 minute read People watch an electronic board inside Brazil s B3 Stock Exchange in Sao Paulo, Brazil February 26, 2020. REUTERS/Rahel Patrasso RIO DE JANEIRO, July 12 (Reuters) - Brazilian financial exchange operator B3 SA (B3SA3.SA) has entered into an agreement with software firm Totvs SA (TOTS3.SA) to inject 600 million reais ($116 million) into Totvs subsidiary TFS Solucoes em Software SA, according to separate securities filing released by both firms on Monday. TFS aims to be the main option in B2B technology for the financial sector, Totvs said. Totvs will maintain control of the subsidiary with B3 holding a minority stake.

Chairman and board member at Brazil s BB Seguridade resign

By Reuters Staff 1 Min Read RIO DE JANEIRO, July 12 (Reuters) - The chairman and vice-chairman of Brazilian insurer BB Seguridade Participacoes SA have resigned, the company said in a Monday securities filing. The president and vice-president of the board will be replaced by the company’s vice-president of business development and technology and vice-president of internal controls and risk management, respectively, the company said. BB Seguridade did not provide a motive for the resignations. (Reporting by Gram Slattery Editing by Chris Reese)

Brazilian senator says social media firms may be probed over pandemic role

Brazilian senator says social media firms may be probed over pandemic role
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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