Category: Brazil Market

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Brazil’s Hapvida, Intermédica detail share swap in multi-billion hospital merger

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – Brazilian insurer and hospital operator Hapvida Participações e Investimentos SA and competitor Notre Dame Intermédica Participações SA disclosed the share conversion terms of a previously announced amalgamation that would create the country’s largest hospital chain.The companies said that Intermedica…

Brazil’s Hapvida, Intermedica detail share swap in US$9 billion hospital tie-up

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – Brazilian insurer and hospital operator Hapvida Participacoes e Investimentos SA and competitor Notre Dame Intermedica Participacoes SA disclosed the share conversion terms of a previously announced tie-up that would create the country’s largest hospital chain.The companies said that Intermedica shares…

The Latest: Brazil’s capital returns to COVID-19 lockdown

RIO DE JANEIRO — Brazil’s capital has entered a two-week lockdown, joining several states in adopting measures to reduce the spread of COVID-19 as intensive care beds begin to fill in some important cities.At least eight Brazilian states adopted curfews over the past week due to the rise in cases and deaths from COVID-19. Thursday was Brazil’s…

Brazil’s Hapvida, Intermedica detail share swap in $9 bln hospital tie-up

RIO DE JANEIRO — Brazilian insurer and hospital operator Hapvida Participacoes e Investimentos SA and competitor Notre Dame Intermedica Participacoes SA disclosed the share conversion terms of a previously announced tie-up that would create the country’s largest hospital chain.The companies said that Intermedica shares will be incorporated into…

Bolsonaro argues state controlled companies should fulfill a social function

Bolsonaro argues state controlled companies should fulfill a social function Sunday, February 28th 2021 – 10:35 UTC Full article “A state-owned company, whichever it is, has to have its social vision,” Bolsonaro said at an event, defending fuel price predictability Brazilian President Jair Bolsonaro said that the country’s state-controlled…

PM Narendra Modi hails 1st dedicated commercial launch of PSLV-C51/Amazonia-1 Mission

The prime minister also congratulated Brazilian president Jair Bolsonaro on the successful launch of Brazil”s Amazonia-1 satellite by PSLV-C51, and said this is a historic moment in space cooperation between the two countries. PTI February 28, 2021 / 02:06 PM IST PM Narendra ModiPrime Minister Narendra Modi on Sunday congratulated the Indian…

Risk perception looms large in Brazil as IBOVESPA sinks 4% in February

[uam_ad id=”317182″]RIO DE JANEIRO BRAZIL – Obstacles to share price increases were many and the last one was rumors of Banco do Brasil’s CEO resignation. Locally, investors will start March still with no definition on emergency aid, whether with or without spending cuts as a counterpart.Externally, the perception of inflation in the USA is contributing…

Banco do Brasil shares down almost 5% amid rumors of CEO resignation

[uam_ad id=”317182″]RIO DE JANEIRO,  BRAZIL – After the market closed on Friday, February 26th, however, Banco do Brasil released a statement saying that its CEO has not submitted his resignation.This Friday’s session was again turbulent for state-owned companies. According to information from O Globo newspaper, which quotes presidential…

5G technology will be available in all Brazilian state capitals by July 2022

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – 5G technology will be available in all Brazilian capitals by July 2022. The public notice for the 5G auction bid was approved on February 25th by the National Telecommunications Agency (ANATEL) Board of Directors, which has also decided on the mandatory adoption of standalone 5G, which will require the…

São Paulo industry posts growth, says FIESP

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – São Paulo’s processing industry posted a 2.6% growth in real sales between December and January, according to a Conjuncture Survey by the São Paulo Federation of Industries (FIESP) and the Center of Industries of the State of São Paulo (CIESP).According to the report, there was a 2.7% increase in…

Brazil’s economic growth outlook higher than developed countries – OECD report

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – A report from the Organization for Economic Cooperation and Development (OECD), released this month, with data from January, points out that at the start of the year Brazil posts economic growth prospects higher than the average of the 37 countries that make up the OECD and the G7 countries (Germany,…

Indonesia ramps up effort to spot elusive COVID variants

JAKARTA — Indonesian scientists are planning to sequence 10,000 samples of COVID-19 this year to detect variants of the virus that may be circulating around the vast archipelago.Last month, Health Minister Budi Gunadi Sadikin signed a memorandum of understanding with Minister of Research and Technology (RISTEK) Bambang Brodjonegoro to collaborate…

New COVID-19 variants remain undetected in Indonesia

JAKARTA — Indonesian scientists are planning to sequence 10,000 samples of COVID-19 this year to detect variants of the virus that may be circulating around the vast archipelago.Last month, Health Minister Budi Gunadi Sadikin signed a memorandum of understanding with Minister of Research and Technology (RISTEK) Bambang Brodjonegoro to collaborate…

Brazil’s industrial confidence slumps to lowest level in 5 months, says FGV

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – Confidence in services also retreated in February for the second consecutive month.Industrial confidence in Brazil shrank for the second time in a row in February amid general dissatisfaction and reached its lowest level in 5 months, according to data from the Getúlio Vargas Foundation (FGV), released…

Economic climate improves in Brazil in first quarter, says FGV

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – Brazil’s Economic Climate Indicator climbed 5.1 points from the last quarter of 2020 to the first quarter this year and reached 72.3 points, on a scale of 0 to 200 points. The data, which reflects the opinion of experts in the country’s economy, was released today, February 26th, by Fundação Getúlio…

Brazil’s economic growth outlook higher than developed countries

[uam_ad id=”317182″]RIO DE JANEIRO, BRAZIL – The organization’s report captures the market’s perception of economies’ future growth capacity.A report from the Organization for Economic Cooperation and Development (OECD), released this month, with data from January, points out that at the start of the year Brazil posts economic growth prospects…

Banco do Brasil shares fall on renewed CEO departure bets

SAO PAULO — Shares in state-controlled Banco do Brasil SA were down more than 5% in late afternoon trading on Friday in Sao Paulo, as Brazilian media reported that Chief Executive André Brandao may leave the bank.Brazilian newspapers O Estado de S. Paulo, O Globo and Valor Economico reported that Brandao, a former HSBC executive who has been at…

Brazil prosecutors seek to stop purchase of Indian vaccine

BRASILIA — Brazilian prosecutors are seeking the immediate suspension of purchases of India’s COVID-19 vaccine COVAXIN, according to a document seen by Reuters on Friday, one day after the health ministry signed a contract to purchase 20 million doses.The vaccine made by private Indian company Bharat Biotech has yet to be backed up with Phase III…

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