De Mello News
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The yen strengthened the most in three weeks against the dollar after Japan’s Economy Minister Akira Amari said further losses in the currency would negatively affect people and the government’s job is to minimize that.
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The Brazilian government is planning to propose banning soccer teams from selling player-transfer rights to investors, a key source of revenue for many of the country’s cash-strapped clubs.
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Cielo SA, Brazil’s biggest payments processor, rose to a record in Sao Paulo after first-quarter profit increased more than analysts estimated.
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Cielo SA, Brazil’s biggest payments processor, said first-quarter profit rose 13 percent as consumer card spending increased.
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Brisa-Auto Estradas de Portugal SA, the country’s biggest toll-road operator, plans to step up cost cutting as traffic and toll revenue in Portugal may miss its target this year, Chief Executive Officer Vasco de Mello said.
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Rajeev De Mello will move to Schroders Plc to run Asian debt investments for the U.K.’s biggest publicly traded fund company, leaving his job at Western Asset Management Co.
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Rajeev De Mello , head of investments and operations in Singapore at Western Asset Management Co., will leave the firm next month.
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The Philippine peso is set to defy efforts to curb its gains as Schroder Investment Management Ltd. and Mizuho Corporate Bank Ltd. say its advance is cooling inflation and the nation will exit its junk debt rating.
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Cielo SA, Brazil’s biggest payments processor, said fourth-quarter profit climbed 21 percent, matching analysts’ estimates, on a gain in revenue after the acquisition of Merchant e-Solutions.
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Currency strategists are abandoning their forecasts for a record-setting rally in the Singapore dollar as government measures to rein in property prices reduce pressure on the central bank to cool inflation.
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