Brazil

Pao de Acucar and Carrefour in merger talks: report

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SAO PAULO (Reuters) - France's Carrefour and Brazilian retailer Grupo Pao de Acucar have been talking for more than a month about merging their units in Latin America's biggest economy, the newspaper Valor Economico said on Tuesday.

Analysis: Brazil, U.S. stocks decouple in post-crisis paths

SAO PAULO (Reuters) - Brazilian stocks are emerging from the shadow of their U.S. counterparts.

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Mexico pushes Carstens for IMF; Brazil reacts coolly

MEXICO CITY/BRASILIA (Reuters) - The race to pick a new leader for the IMF formally launched on Monday as Mexico sought support for its central bank governor and Brazil said more time was needed to make a choice. | Video

World, China, Russia, Mexico, IMF 23 May 2011

Euro-zone fears drive Latin American stocks to 8-month low

MEXICO CITY (Reuters) - Latin American stocks fell to an eight-month low on Monday as concerns that Europe's debt troubles were deepening combined with signs of slower growth in China and Europe to undermine equities around the world.

China, 23 May 2011

CSN buys Spain's Gallardo in $1.35 billion deal

SAO PAULO (Reuters) - Brazilian steelmaker CSN said on Friday it would buy the cement and steel assets of Spain's Grupo Alfonso Gallardo in a deal valued at 946 million euros ($1.35 billion), as it moves forward with a plan to grow overseas.

Deforestation surges as Brazil eyes new land law

BRASILIA (Reuters) - Deforestation in the Brazilian Amazon surged in March and April, the government said on Wednesday, fueling criticism that a proposed law to ease land-use rules may be spurring illegal tree-felling.

19 May 2011

Analysis: Brazil farms poised for record investment boom

BRASILIA (Reuters) - Brazilian farmers are spending like never before on farm equipment, fertilizer and other investments, a possible sea change in rural sentiment that could boost long-term output in a country that barely scratches the surface of its agricultural potential.

19 May 2011

Exclusive: Brazil's Caixa seeks 10 percent stake in Cielo

SAO PAULO (Reuters) - Caixa Economica Federal, Brazil's biggest mortgage lender, is in talks to boost its stake in Cielo to at least 10 percent to expand in the lucrative card payment processing market, a source with direct knowledge of the situation told Reuters.

Brazil wants IMF chief from emerging nation: source

SAO PAULO (Reuters) - Brazil believes the next head of the International Monetary Fund should come from a large emerging market country, but does not plan to pressure actively on the issue because Europe is likely to keep its "stranglehold" on the job, a senior government official told Reuters on Tuesday.

17 May 2011

Emerging nations push for say in next IMF chief

WASHINGTON (Reuters) - Emerging economies challenged Europe's grip on the leadership of the International Monetary Fund on Tuesday as pressure mounted for the fund's jailed managing director Dominique Strauss-Kahn to quit.

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Ash to hit northern Europe, but volcano dying down

LONDON/REYKJAVIK (Reuters) - Northern Europe is set to again bear the brunt of air traffic disruption from Icelandic volcanic ash on Wednesday after 500 flights were canceled on Tuesday, but experts said the eruption was rapidly dying down. | Video