Hints and tips:
...Casino appointed Itaú BBA, BTG Pactual, JPMorgan, Banco Bradesco, Banco Safra and Santander to work on the divestment. In June, it sold a majority stake in renewable energy business GreenYellow....
...Companies The earnings season will be in full swing over the next seven days with 200 S&P 500 companies reporting results in the US and many others doing likewise in Europe....
...The five giants that tower over the country’s financial system — Itaú, Bradesco and Santander Brasil, along with state-controlled Banco do Brasil and Caixa Econômica Federal — have in recent years embarked...
...The Spanish government this month approved a €475m aid package to rescue Air Europa from bankruptcy....
...(Patrick Temple-West and Gillian Tett) UK social impact investing market tops £5bn Covid-19 has put a new focus on the “S” in ESG....
...“The [Banco de Mexico] board perceives the balance of risks for inflation continue to be tilted to the upside,” said analysts at Itaú BBA....
...A couple of years ago, European Council meetings moved to a new venue: the Europa building, sometimes known as “the space egg”....
...Itaú, for example, shut down 10 per cent of its branch network over the past three years, according to a Moody`s Investors Service report....
...S&P Global Ratings has placed the ratings of 38 Brazilian financial institutions on negative watch amid a political scandal that rocked the country’s markets....
...Deadlines on both are soft but critics of EU-US co-operation and judges in Luxembourg will be watching....
...Examples include Bank of New York Mellon SA/NV, the Belgian-based offshoot of the US-based group and Banco Bradesco Europa, the Luxembourg-based subsidiary of the Brazilian banking giant....
...A picture of Europa and her bull seemed appropriate in the circumstances. The oil price is more concrete....
...This follows a week after S&P settled with the Securities and Exchange Commission over more recent failures in its rating of commercial and residential mortgage-backed securities....
...Profits at Banco Bilbao Vizcaya Argentaria, Spain’s second largest lender by assets, have comfortably beaten expectations, capping a good week for Spanish bank earnings....
...“Reports show lower sales in supermarkets and auto dealerships with a sharp decline in June, going back to levels seen in mid-2010,” Itau says....
...In New York, the S&P 500 equity index fell 0.4 per cent to 1,964 – leaving it more than 1 per cent below the record high it struck a week ago....
...US stocks close at a fresh record closing high: The S&P 500 rose 0.7 per cent to 1,593.61, with the benchmark eclipsing its record high set earlier this year....
...It also announced this week a new lower rate for subsidised loans from the government`s development bank, BNDES....
...(Financial Times) Alfredo Sáenz resigns as Santander chief ahead of legal ruling: The chief executive of Banco Santander, the eurozone’s biggest bank by value, has resigned ahead of a decision by Spain’...
...Brazil’s Banco Itaú has announced plans to launch an exchange traded fund (ETF) tracking Chilean stocks – by the end of the year if possible –which it says will boost liquidity....
...“BTG Pactual led the Brazil M&A revenue ranking with $78m in the first nine months of 2012, followed by Credit Suisse with $34m and Itáu BBA with $29m,” says Dealogic....
...(Financial Times) Netherlands, Luxembourg take big corporate tax hauls: The FT has a big investigation of competition among national corporate tax policies, finding that the two small countries attracted...
...Bram is Brazil’s third-largest asset manager (after Banco do Brasil and Itaú-Unibanco) with R$265bn ($133bn) in assets under management....
...Indeed, LatAm bonds from Argentina’s Boden to Venezuela’s 2022 were in high demand on Wednesday and new issues – such as Tuesday’s Banco Itau 2021 retap and Pemex’s 2022 -ended the day on a high note....
...Itaú-Unibanco, the nation’s largest private bank, also missed forecasts on a decline in trading gains and rising defaults that required higher provisions....
International Edition