Sao Paulo

Sao Paulo News

• Brazilian Real Declines on New Exporter Loans Tax

  Updated 1 hour, 4 minutes ago

  Brazil’s real headed for its first weekly decline in three after the government unveiled another currency measure late yesterday to tax some foreign loans for exporters and Finance Minister Guido Mantega laid out plans to stem the currency’s gains.

• HSBC’s Bastos Predicts Bovespa to Surpass 75,000

  Updated 2 hours, 28 minutes ago

  Brazilian stocks, off to the best annual start since 1999, will extend their rally as overseas demand for the country’s commodities and interest-rate cuts push investors into equities, said Pedro Bastos, head of HSBC Global Asset Management in Latin America.

• Sugar Surplus May Drop 50% on Brazil Ethanol Switch, Itau Says

  Updated 2 hours, 14 minutes ago

  A forecast sugar surplus may drop as much as 50 percent if millers in Brazil, the world’s largest producer, direct more cane to making ethanol in the season starting in April, according to Banco Itau BBA SA.

• Brazil Taxes Loans to Exporters in Effort to Stem Rally Amid Currency War

  Brazilian exporters will start paying a 6 percent tax on some foreign loans as the government tries to stem a rally in the real that Finance Minister Guido Mantega says is being fueled by a currency war.

• Brazil Readies Additional Measures to Contain Real’s Rally, Mantega Says

  Brazil is ready to take more measures to stem a rally in the real, the world’s second-best performing major currency in 2012, after a decree broadened the scope of a tax on companies raising funds in the international market, Finance Minister Guido Mantega said.

• Vale Royalty Dispute With Brazil Close to End, Minister Says

  Vale SA and the Brazilian government are close to an agreement on a dispute over unpaid royalty payments that may reach 7 billion reais ($4.09 billion), Mines and Energy Minister Edison Lobao said.

• Klabin Rises to Record as Profit Beats Estimate: Sao Paulo Mover

  Klabin SA, Latin America’s biggest paper maker, headed to a record high after posting higher-than- expected profit in the fourth quarter.

• JBS’s Pilgrim’s Pride Raises $200 Million in Rights Offer

  Pilgrim’s Pride Corp., the U.S. poultry producer controlled by Brazil’s JBS SA, raised $200 million in a rights offering to strengthen its finances after reporting losses for four straight quarters. JBS shares jumped.

• Brazil Real Advances as Mantega Rules Out Investment Tax to Stem Inflows

  Brazil’s real rose after Finance Minister Guido Mantega said the government wasn’t considering taxes on foreign direct investments as he laid out a plan to stem the currency’s appreciation, easing investor concern policy makers would take stronger steps to limit capital inflows.

• BTG Pactual Files for Brazil Initial Offering After $1.5 Billion Takeovers

  Banco BTG Pactual SA, the Brazilian bank led by billionaire Andre Esteves, plans to sell new and existing shares in an initial public offering after pursuing about $1.5 billion of acquisitions in the past five months.

Sao Paulo Photos

Related Topics

• 

  Brazil

• 

  Guido Mantega

• 

  New York

• 

  Latin America

Most Popular on Bloomberg

• U.S. Stocks Little Changed After S&P 500 Rises to 4-Year High

• Buffett’s Insurance Growth Engine May Stall

• Cash Hoard Expands by $187 Billion in Untaxed Offshore Corporate Accounts

• EU Leaders Declare Shift to Growth

• Barclays Takes 8.2 Billion Euros of ECB Three-Year Money

Sao Paulo Videos