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UPDATE 2-Wal-Mart shops Brazil unit stake to Advent, other funds -sources

SAO PAULO, Jan 21 (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

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Wal-Mart shops Brazil unit stake to Advent, other funds: sources

SAO PAULO (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

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UPDATE 1-Wal-Mart shops Brazil unit stake to Advent, other funds -sources

SAO PAULO, Jan 21 (Reuters) - Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, two people with direct knowledge of the matter said on Sunday.

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Advent in talks to buy 50 percent of Wal-Mart's Brazilian unit: report

SAO PAULO (Reuters) - Private equity firm Advent is in talks to buy 50 percent of Wal-Mart Stores Inc's operations in Brazil, according to a report in Brazil's O Globo newspaper on Sunday.

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Advent in talks to buy 50 pct of Wal-Mart's Brazilian unit -report

SAO PAULO, Jan 21 (Reuters) - Private equity firm Advent is in talks to buy 50 percent of Wal-Mart Stores Inc's operations in Brazil, according to a report in Brazil's O Globo newspaper on Sunday.

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Pele is resting, not suffering exhaustion: spokesman

SAO PAULO (Reuters) - Brazilian soccer great Pele is resting at home in and reports that he was taken to hospital because of exhaustion are "fake news," his spokesperson told Reuters on Friday.

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Brazil´s Caixa approves new rules to improve governance- statement

SAO PAULO, Jan 19 (Reuters) - The board of directors of Brazilian state-owned bank Caixa Econômica Federal approved on Friday rules to improve the bank’s governance, the company said in a statement.

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NAFTA talks seen ending happily, despite growls from Trump

BENGALURU/SAO PAULO (Reuters) - The North American Free Trade Agreement will probably be renegotiated successfully with only marginal changes, said a large majority of economists in a Reuters poll, despite the Trump administration's saber-rattling.

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Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

SAO PAULO (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

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UPDATE 1-Brazilian prosecutors ask BNY Mellon unit to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

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Brazilian prosecutors ask BNY Mellon to return $2.5 bln to local fund

SAO PAULO, Jan 18 (Reuters) - Brazilian prosecutors in Sao Paulo asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais ($2.56 billion) to local pension fund Postalis, according to a statement.

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EMERGING MARKETS-Chilean, Argentine equities hit record highs

SAO PAULO, Jan 18 (Reuters) - Chile's equities market hit a record intraday high on Thursday on positive developments for the nation's lithium and copper industries, while Argentina's benchmark index also rose amid continued heavy interest from international investors. On Wednesday evening, Chilean state development agency Corfo said it had struck a deal with lithium miner SQM, ending a long dispute over royalties in Chile's Salar de Atacama and potentially unlocking significant investm

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Brazil seizes over 400 containers in fight against illegal logging

SAO PAULO (Reuters) - Police in Brazil have seized 444 containers in an investigation into illegal logging in the country's vast Amazon, federal authorities said on Thursday, as the nation seeks to cut down on the widespread practice.

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EMERGING MARKETS-Brazil stocks rise on foreign inflows, news events

SAO PAULO, Jan 17 (Reuters) - Brazil's benchmark Bovespa equities index registered strong gains on Wednesday, breaching the 81,000-point mark for the first time amid strong inflows of foreign capital and industry-related news that lifted some major stocks.

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Brazil's Caixa replaces suspended executives

SAO PAULO, Jan 17 (Reuters) - Brazilian state lender Caixa Economica Federal has announced replacements for four vice presidents that stepped down amid a corruption probe, the bank said in a statement on Wednesday.

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UPDATE 2-ArcelorMittal-Votorantim tie-up will need more asset sales -report

SAO PAULO, Jan 17 (Reuters) - Brazil's antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources.

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EMERGING MARKETS-Brazil stocks rise on foreign inflows, one-time news events

SAO PAULO, Jan 17 (Reuters) - Brazil's benchmark Bovespa equities index registered strong gains on Wednesday, breaching the 80,000-point mark for the second time, amid strong inflows of foreign capital and industry-related news that lifted some major stocks. In the first nine sessions of 2018, the Bovespa registered 3.584 billion reais ($1.11 billion) in inflows, well above the 2.2 billion reais registered in the same period last year. Analysts and investors say this trend is continuing,

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UPDATE 1-Vale could be 'natural' owner for Samarco, in talks with BHP -director

SAO PAULO, Jan 17 (Reuters) - Brazil's Vale is in talks with Anglo American BHP Billiton Plc on options for their joint venture Samarco, and it may be easier for Vale to resolve that miner's problems as sole owner, a director of the Brazilian mining company said on Wednesday.

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Vale could be a 'natural' owner for Samarco; in talks with BHP -director

SAO PAULO, Jan 17 (Reuters) - Miner Vale SA is in talks with BHP Billiton Plc on options for their Brazilian joint venture Samarco, and Vale could be a 'natural' owner of the project, a director of the Brazilian mining company said on Wednesday.

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ArcelorMittal-Votorantim tie-up will require more asset sales -report

SAO PAULO, Jan 17 (Reuters) - Brazil's antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources.

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WHO recommends yellow fever shot to Sao Paulo visitors

BRASILIA (Reuters) - The World Health Organization said on Tuesday that the whole of Sao Paulo state, which includes Brazil's largest city, Sao Paulo, should be considered at risk for yellow fever and recommended foreign travelers get vaccinated before visiting.

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EMERGING MARKETS-Mexico peso rises on NAFTA hopes

(Updates prices) By Bruno Federowski SAO PAULO, Jan 15 (Reuters) - The Mexican peso rose to a more than five-week high on Monday on hopes that U.S. President Donald Trump may soften his stance on the North American Free Trade Agreement (NAFTA) after negotiations hit a bumpy patch last week. Renewed worries that Trump would scrap NAFTA had weighed on the peso last week. The talks between the United States, Mexico and Canada are edging closer to the start of campaigning for Mexico's J

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Brazilian digital bank Inter hires banks for IPO -source

SAO PAULO, Jan 15 (Reuters) - Brazilian digital bank Intermedium SA has hired banks for an initial public offering that should take place in the second quarter of the year, one source with knowledge of the matter said on Monday.

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UPDATE 1-Brazil's GPA posts revenue gains, but food deflation weighs

SAO PAULO, Jan 15 (Reuters) - Brazilian food retailer GPA SA said on Monday its fourth quarter net revenue rose 6.8 percent from last year to 12.5 billion reais ($3.91 billion) as a nascent consumer recovery boosted sales, although food deflation limited gains.

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Brazil's GPA says sales rose 8.2 percent last year

SAO PAULO, Jan 15 (Reuters) - Brazilian retailer GPA SA said its total sales rose 8.2 percent last year, to 44.6 billion reais ($13.9 billion).

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RPT-EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

(Repeats with no change to headline or text) By Bruno Federowski SAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a presidential election in October and a push to trim its costl

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EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

(Updates prices, adds details on Mexican peso) By Bruno and Federowski SAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a presidential election in October and a push to trim its

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UPDATE 1-Monsanto looking to sell dicamba-resistant GM soy seed in Brazil

SAO PAULO, Jan 11 (Reuters) - The Brazilian unit of seed and agrochemicals maker Monsanto on Thursday said it will run field tests with genetically modified soy seed INTACTA2 XTEND in Brazil in the 2019-20 crop, looking to launch the variety commercially the following year.

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EMERGING MARKETS-Short-term Brazilian yields up on inflation data

By Bruno Federowski SAO PAULO, Jan 10 (Reuters) - Yields on short-term Brazilian interest rate futures inched up on Wednesday as higher-than-expected inflation data for 2017 drove traders to trim bets on two additional interest rate cuts. The benchmark IPCA index for last year rose more than the highest forecast in a Reuters poll of economists, though it still missed the official target range for the first time ever. Short-term yields rose in the wake of the report as traders di

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Unit of Brazil's JBS names Thomas Lopez CEO of Plumrose in the U.S.

SAO PAULO, Jan 10 (Reuters) - Brazilian meatpacker JBS SA said Thomas Lopez had been appointed by JBS USA LLC as chief executive of meat-based prepared foods unit Plumrose USA in the United States, according to a securities filing on Wednesday.

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UPDATE 2-BRF launches processed meats brand for cost-conscious shopper

SAO PAULO, Jan 9 (Reuters) - Brazilian food company BRF SA launched a new meats brand aimed at cost-conscious buyers, venturing into the discount market that represents about one-third of the country's processed food sales, a company executive said on Tuesday.

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EMERGING MARKETS-Brazil stocks hit record high on election optimism

(Updates prices throughout) By Bruno Federowski SAO PAULO, Jan 8 (Reuters) - Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb following a seven-day string of gains. The rally in Brazilian stocks has been supported by investor betting on a market-friendly winner in this year's presidential elections, w

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Brazil's BNDES plans to repay $40 billion to the Treasury in 2018

SAO PAULO, Jan 8 (Reuters) - Brazil's state development bank BNDES plans to repay 130 billion reais ($40 billion) in loans to the Treasury this year, Carlos Thadeu de Freitas, its chief financial officer, was quoted as saying in the Monday edition of newspaper Valor Econômico.

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Brazil's Eletrobras hires Hogan Lovells to resolve U.S. class action lawsuits

SAO PAULO, Jan 5 (Reuters) - Brazilian state-owned power holding Centrais Elétricas Brasileiras SA has hired law firm Hogan Lovells to "resolve class action lawsuits" in the U.S., according to a note published on Friday on the official government gazette.

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UPDATE 1-Brazil's Santander rural loans rise to $4 bln in 2017

SAO PAULO, Jan 4 (Reuters) - The volume of Banco Santander Brasil's farm loans rose about 44 percent last year as the Spanish bank's local unit grew its presence in the country's booming agribusiness sector, an executive said on Thursday.

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UPDATE 1-China's Didi Chuxing buys control of Brazil's 99 ride-hailing app

BRASILIA/SAO PAULO, Jan 3 (Reuters) - China's ride-hailing application Didi Chuxing has agreed to acquire control of Brazil's 99, the companies said in a statement on Wednesday, potentially creating a formidable rival to Uber in Latin America's largest economy.

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Brazilian agency requires Apple to inform consumers on batteries

SAO PAULO (Reuters) - A Brazilian state agency responsible for consumer issues notified Apple Inc on Wednesday that it must explain how Brazilian owners of iPhones will be able to buy battery replacements at lower prices.

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Boeing-Embraer talks have not settled question of control: sources

SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA have not settled key questions such as control of the Brazilian planemaker or the possibility of a more narrow joint venture, two people familiar with the negotiations told Reuters, pushing back against a newspaper report on Tuesday.

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UPDATE 2-Boeing-Embraer talks have not settled question of control -sources

SAO PAULO, Jan 2 (Reuters) - Tie-up talks between Boeing Co and Embraer SA have not settled key questions such as control of the Brazilian planemaker or the possibility of a more narrow joint venture, two people familiar with the negotiations told Reuters, pushing back against a newspaper report on Tuesday.

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UPDATE 1-Boeing talks not considering change of control at Embraer -paper

SAO PAULO, Jan 2 (Reuters) - Tie-up talks between Boeing Co and Embraer SA do not contemplate a change of control at the Brazilian planemaker and are focused on joint ventures and joint business agreements, a Brazilian newspaper reported on Tuesday.

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Brazil oil production slips 1.21 pct in November - ANP

SAO PAULO, Jan 2 (Reuters) - Brazil's oil output fell 1.21 percent in November from the previous month, regulator ANP said in a statement on Tuesday, after state-run oil company Petróleo Brasileiro SA carried out maintenance work at some production units.

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EMERGING MARKETS-LatAm markets kick off 2018 with a rally

By Bruno Federowski SAO PAULO, Jan 2 (Reuters) - Latin American markets started 2018 on Tuesday on a strong footing as solid global economic growth data drove investors to unwind year-end hedges. China's Caixin index of Chinese industry rose to a four-month high of 51.5 in December, confounding forecasts for a decline. The reading pointed to resilience for the world's largest consumer of commodities even as Beijing cracks down on industrial pollution and engineers a cooling prope

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Boeing talks not considering change of control at Embraer: paper

SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA do not contemplate a change of control at the Brazilian planemaker and are focused on joint ventures and joint business agreements, a Brazilian newspaper reported on Tuesday.

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Nine dead in latest outbreak of Brazilian prison violence

SAO PAULO (Reuters) - Nine inmates were killed, 14 were injured, and dozens escaped in a prison riot on Monday, national news media reported, in the latest example of Brazil's continuing difficulties maintaining control over its notoriously violent penal system.

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Brazilian regulator accuses Petrobras ex-executives of graft

SAO PAULO (Reuters) - Brazil's securities regulator formally accused eight former executives of state-run oil company Petroleo Brasileiro SA of corruption on Friday, as the world's largest graft investigation stretches deep into its third year.

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EMERGING MARKETS-Mexico peso slips on central bank inflation concern

(Rewrites with Mexican central bank comment on Mexican peso) By Bruno Federowski SAO PAULO/MEXICO CITY, Dec 28 (Reuters) - Mexico's peso weakened on Thursday after the central bank expressed concern the inflation outlook has deteriorated, adding the currency could depreciate if talks to renegotiate the North American Free Trade Agreement are unfavorable. The minutes of the Mexican central bank's Dec. 14 meeting reinforced a more hawkish tone under its new boss, with a majority of th

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UPDATE 1-Brazil car rental firm Locamerica shares rise on Unidas deal

SAO PAULO, Dec 28 (Reuters) - Shares in Brazilian rental car firm Cia de Locação das Américas rose 10 percent on Thursday after the company announced a tie-up with rival Unidas SA to create Brazil's second-largest car rental company.

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EMERGING MARKETS-LatAm currencies gain on U.S. data in thin trading

By Bruno Federowski SAO PAULO, Dec 28 (Reuters) - Most Latin American currencies firmed on Thursday after data showing a widening U.S. trade gap offset figures demonstrating a continuingly firm labor market. Traders closely track U.S. economic data in search of clues to the pace of U.S. interest rate increases in coming months. Though employment has shown signs of consistent strength, mixed reports on economic activity have fueled bets that the Federal Reserve will be slow in tig

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Locamerica and Unidas tie up to create Brazil's No. 2 car rental firm

SAO PAULO, Dec 28 (Reuters) - Brazilian rental car firm Cia de Locação das Américas and rival Unidas SA announced a cash and stock deal to create Brazil's second-largest car rental company, the companies said in a securities filing on Thursday.

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Israel's Gazit-Globe buys 70 pct of Brazil mall for $284 mln

* Gazit-Globe, Israel's largest real estate company, said on Thursday it entered into a binding agreement to buy 70 percent of Brazil's Internacional Shopping, one of the biggest shopping centres in the Sao Paulo area.

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Brazil arrests alleged member of feared Mexican drug gang

SAO PAULO/MEXICO CITY (Reuters) - Brazilian police have arrested an alleged Mexican drug boss, federal prosecutors said on Wednesday, in a blow to one of the most powerful organizations in Mexico's criminal underworld.

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UPDATE 1-Brazilian regulator recommends conditional approval of Itaú-XP deal

SAO PAULO, Dec 27 (Reuters) - A unit of Brazil's antitrust watchdog has recommended the conditional approval of Brazilian bank Itaú Unibanco Holding SA's purchase of a stake in financial services firm XP Investimentos SA, according to a statement issued on Wednesday.

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Nordex and Siemens-Gamesa vie for major Brazilian wind farm contracts

SAO PAULO, Dec 27 (Reuters) - Wind turbine makers Nordex SE and Siemens Gamesa Renewable Energy SA are vying for contracts with companies that won major auctions last week to build new wind farms in Brazil, two people with knowledge of the matter said.

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EMERGING MARKETS-Mexican and Argentine currencies fall amid index gains

(Updates prices) By Bruno Federowski SAO PAULO/MEXICO CITY, Dec 26 (Reuters) - Mexico's peso on Tuesday slid to its weakest level in almost 10 months due to ongoing concerns over inflation and the potential impact of new U.S. corporate tax cuts. The Argentine peso also weakened on Tuesday, reaching an all-time low due to seasonal demand for U.S. dollars. Shares, however, hit a record high after Argentina's Congress approved key business-friendly legislation. The Brazilian rea

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Brazil declares top Venezuelan diplomat persona non-grata

SAO PAULO (Reuters) - Brazil's government will declare Venezuela's chargé d'affaires persona non-grata, stripping him of his diplomatic status, Brazil's foreign affairs ministry told Reuters on Tuesday.

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EMERGING MARKETS-Argentina stocks hit new record high but peso plunges

By Bruno Federowski SAO PAULO, Dec 26 (Reuters) - Argentine shares hit a new record high after its Congress approved key business-friendly legislation, but the peso plummeted to an all-time low due to seasonal demand for U.S. dollars. Lawmakers last week approved a reform of the country's pension system despite days of demonstrations by the bill's opponents, while the legislature's lower house approved a plan for cutting corporate income and employer social security taxes. The m

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Pilot surprises parents on plane

Pilot Juan Paulo Fermin surprises his parents aboard a Philippines Airlines flight after being apart from them for 17 Christmases in a row.

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Brazil's Petrobras says oil, gas auction bids not included in capex plan

SAO PAULO, Dec 22 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro said on Friday it had not allocated money to bid in upcoming oil and gas auctions in its five-year capital spending plan, according to a presentation hosted by exploration and production director Solange Guedes.

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UPDATE 2-Brazilian miner Vale says entering new era of big dividends

SAO PAULO, Dec 22 (Reuters) - Vale is entering a period in which it plans to pay out big dividends, Chief Executive Officer Fabio Schvartsman said on Friday at an event commemorating the Brazilian miner's inclusion in the Sao Paulo stock exchange's strictest listing market segment.

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Brazilian miner Vale says entering new era of big dividends

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian miner Vale is entering a period in which it plans to pay out big dividends, Chief Executive Officer Fabio Schvartsman said at an event in Sao Paulo on Friday. (Reporting by Marta Nogueira; Editing by Edmund Blair)

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Big Boeing, Airbus strategies drive small plane deals

PARIS/SAO PAULO (Reuters) - Airbus and Boeing are pairing with smaller regional rivals to add sales at the lower end of their $100 billion-a-year commercial plane duopoly, but the two market leaders are also laying the foundation for a longer-term strategic contest against more powerful threats such as China.

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UPDATE 5-Boeing in talks with Embraer; Brazil backs jetliner alliance

SAO PAULO/RIO DE JANEIRO, Dec 21 (Reuters) - Planemakers Boeing Co and Embraer SA are discussing a "potential combination," they said on Thursday, in a move that could consolidate a global passenger jet duopoly provided Brazil's government gives its blessing.

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Boeing in talks with Embraer; Brazil backs jetliner alliance

SAO PAULO/RIO DE JANEIRO (Reuters) - Planemakers Boeing Co and Embraer SA are discussing a "potential combination," they said on Thursday, in a move that could consolidate a global passenger jet duopoly provided Brazil's government gives its blessing.

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Boeing in tie-up talks with Brazil's Embraer

SAO PAULO/BRASILIA (Reuters) - Planemakers Boeing Co and Embraer SA are discussing a "potential combination of their businesses," the companies said on Thursday, in a move that could consolidate a global passenger jet duopoly.

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UPDATE 3-Boeing in tie-up talks with Brazil's Embraer

SAO PAULO/BRASILIA, Dec 21 (Reuters) - Planemakers Boeing Co and Embraer SA are discussing a "potential combination of their businesses," the companies said on Thursday, in a move that could consolidate a global passenger jet duopoly.

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Brazil lower house approves open skies deal with U.S.

BRASILIA/SAO PAULO, Dec 19 (Reuters) - The lower house of Brazil's Congress on Tuesday approved an open skies agreement with the United States that clears the way for a partnership between American Airlines Group Inc and LATAM Airlines Group SA, Latin America's largest carrier.

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EMERGING MARKETS-Brazil's Bovespa down amid continued fiscal fears

SAO PAULO, Dec 19 (Reuters) - Brazil's Bovespa equities index led losses among Latin American markets on Tuesday amid ongoing concerns over the nation's fiscal health after a court struck down a measure intended to control government spending. On Monday, Brazil's Supreme Court suspended the effects of a decree by President Michel Temer, which would have put off adjustments to the salaries of federal workers for a year. That came as Brazil's Finance Minister Henrique Meirelles begins talk

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Oi creditors to vote on restructuring despite shareholder complaints

SAO PAULO/RIO DE JANEIRO, Dec 19 (Reuters) - Creditors of Oi SA were to gather in downtown Rio de Janeiro on Tuesday to vote on a plan to take the Brazilian telecoms operator out of bankruptcy protection, despite a flurry of legal actions by a key shareholder trying to stop the vote.

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EMERGING MARKETS-Chilean markets rally as Pinera wins presidency

(Updates prices) By Bruno Federowski SAO PAULO, Dec 18 (Reuters) - Chilean stocks and currency soared on Monday after conservative Sebastian Pinera won the country's presidential election by a wider-than-forecast margin, fueling expectations of further business-friendly policies. An investor favorite in the $250 billion economy, Pinera's proposals are seen as pro-mining in the world's top copper producer. He has pledged support and stable funding for state-run miner Codelco, and has

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UPDATE 1-Brazil court suspends Lactalis deal to buy Itambé -sources

SAO PAULO, Dec 18 (Reuters) - A Brazilian court issued an injunction suspending the sale of dairy company Itambé Alimentos SA to France's Groupe Lactalis SA, three sources with knowledge of the matter said on Monday.

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Mercedes Benz lifts growth outlook for Brazil truck sales in 2018

SAO PAULO, Dec 18 (Reuters) - Sales of heavy trucks in Brazil are likely to rise 30 percent next year, the head of Mercedes Benz in the country said on Monday, raising a prior forecast of 20 percent growth as a recovery gains steam in Latin America's largest economy.

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Brazil court suspends Lactalis deal to buy Itambé -source

SAO PAULO, Dec 18 (Reuters) - A Brazilian court issued an injunction suspending the sale of dairy company Itambé Alimentos SA to France's Groupe Lactalis, one source with knowledge of the matter said on Monday.

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Brazil's Eletrobras slashes investment plan in efficiency push

SAO PAULO, Dec 18 (Reuters) - Brazilian state-run power utility Centrais Elétricas Brasileiras SA will reduce its investments starting in 2018 to boost efficiency ahead of its planned privatization next year.

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Embraer sees 2024 commercial launch for Uber flying cabs

SAO PAULO (Reuters) - A network of electric aircraft Uber Technologies Inc is developing with Embraer SA is likely to launch commercially in 2024, the Brazilian planemaker's chief executive said on Friday, adding a year to the latest forecast from the ride-hailing company.

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UPDATE 1-Embraer sees 2024 commercial launch for Uber flying cabs

SAO PAULO, Dec 15 (Reuters) - A network of electric aircraft Uber Technologies Inc is developing with Embraer SA is likely to launch commercially in 2024, the Brazilian planemaker's chief executive said on Friday, adding a year to the latest forecast from the ride-hailing company.

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Brazil's Embraer eyes 2024 commercial launch for Uber partnership: CEO

SAO PAULO (Reuters) - A partnership that Brazilian planemaker Embraer SA has struck with U.S. ride-hailing application Uber Technologies Inc will launch its first test flight in 2020, and aims to start commercial service in 2024, an executive said on Friday.

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Engie, Elecnor win licenses to build power lines in Brazil

SAO PAULO, Dec 15 (Reuters) - French energy group Engie SA and Celeo Redes, a firm controlled by Spain's Elecnor , won licenses on Friday to build and operate power transmission lines in Brazil for 30 years during a government-sponsored auction in Sao Paulo.

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Chairman of Brazilian conglomerate Odebrecht to step down: paper

SAO PAULO (Reuters) - Emílio Odebrecht will resign as chairman of the board of the scandal-plagued Brazilian engineering conglomerate Odebrecht SA in the first half of next year, newspaper O Estado de S. Paulo reported on Friday, citing an unnamed source.

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UPDATE 1-Brazil's Petrobras to announce revised capex plan next week -CEO

SAO PAULO, Dec 15 (Reuters) - Brazil's state-run oil company Petróleo Brasileiro SA will announce a revision to its investment plan next week, Chief Executive Officer Pedro Parente said on Friday.

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Brazil's Temer to leave hospital, return to Brasilia

BRASILIA (Reuters) - Brazilian President Michel Temer was cleared to leave hospital in Sao Paulo on Friday and will return to Brasilia in the afternoon, his office said.

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Banco do Brasil unit keeps Neoenergia stake after failed IPO

SAO PAULO, Dec 15 (Reuters) - BB Banco de Investimento SA, a wholly owned subsidiary of state-run Banco do Brasil, will keep its 9.35 percent ownership of electricity company Neoenergia SA after the utility canceled plans for an initial public offering, the bank said in a securities filing late on Thursday.

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Brazil's Petrobras to announce partnership for Campos Basin- CEO

SAO PAULO, Dec 14 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA will announce soon a partnership to allow Campos Basin, which first produced oil 40 years ago, to continue producing for a long time, Petrobras Chief Executive Officer Pedro Parente said.

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EMERGING MARKETS-Brazil real sinks to 6-month low as pension vote delayed

(Updates prices) By Bruno Federowski SAO PAULO, Dec 14 (Reuters) - Brazil's real on Thursday sank to a nearly six-month low after lawmakers delayed a vote on a bill to cut social security benefits that is seen as a key measure to rein in the deficit. Mexico's peso sank nearly 0.8 percent, only briefly paring losses after the country's central bank raised interest rates, while Chile's peso gained more than 1 percent to a two-week high, helped by rising prices for copper, the country'

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Brazil's Petrobras receives $3 billion in China Development Bank loan

SAO PAULO, Dec 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received $3 billion under a $5 billion loan from China Development Bank, the company said in a securities filing.

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Brazil's Neoenergia seen delaying IPO, shareholders won't reduce price -sources

SAO PAULO, Dec 14 (Reuters) - Brazilian utility Neoenergia SA is expected to decide for the postponement of its initial public offering, two sources with knowledge of the matter said on Thursday.

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EMERGING MARKETS-Brazil currency touches 7-month low as pension vote delayed

By Bruno Federowski SAO PAULO, Dec 14 (Reuters) - The Brazilian real on Thursday hit a fresh seven-month low after the lower house of Congress delayed to February a vote on a key bill to cut social security benefits. President Michel Temer had said he hoped for a vote by Tuesday, but he has struggled to rally lawmaker support for the unpopular pension cuts, which many investors consider essential to reining in Brazil's surging public debt. Lower House Speaker Rodrigo Maia said th

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Brazil's Temer back in hospital for prostate tests

BRASILIA (Reuters) - Brazilian President Michel Temer canceled his scheduled meetings on Wednesday and flew to São Paulo for tests to evaluate surgery he had in October to reduce the size of his prostate, his office said.

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CORRECTED-(OFFICIAL)-UPDATE 3-Brazil Burger King operator may price IPO near top of range -sources

SAO PAULO, Dec 12 (Reuters) - The operator of the Burger King fast-food chain in Brazil, BK Brasil Operação e Assessoria a Restaurantes SA, is expected to price its initial public offering near the top of the suggested price range, three people with direct knowledge of the matter said on Tuesday.

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Shareholders in Brazil´s Sanepar raise $302 mln with share offering

SAO PAULO, Dec 12 (Reuters) - Brazilian water and sanitation utility Companhia de Saneamento do Paraná priced its secondary share offering at 55.20 reais per unit, the company said in a securities filing late on Tuesday.

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Brazil's Oi files new restructuring plan allowing takeover by bondholders

SAO PAULO, Dec 12 (Reuters) - Brazilian telecommunications company Oi SA filed late on Tuesday a new restructuring plan with the Rio de Janeiro court sweetening the terms for bondholders and government credits in a push to get approval in a key creditors meeting on Dec. 19.

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UPDATE 2-Shares in Brazilian homebuilder MRV shoot up with ambitious growth plan

SAO PAULO, Dec 12 (Reuters) - Shares in Brazilian homebuilder MRV Engenharia e Participações SA shot up more than 5 percent on Tuesday as executives unveiled plans to start construction on 50,000 new home units in 2018, which could generate more than 7 billion reais ($2.1 billion) in sales.

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Brazil Senate passes bill to boost ethanol, biodiesel use

BRASÍLIA/SAO PAULO (Reuters) - Brazilian senators passed on Tuesday a bill proposing sharp increases in the use of biofuels such as ethanol and biodiesel in the country in coming years, as a way to help cut carbon emissions.

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UPDATE 1-Brazil's MRV aims for over $2.1 bln in 2018 home sales

SAO PAULO, Dec 12 (Reuters) - Brazilian homebuilder MRV Engenharia e Participações SA hopes to start construction of 50,000 new home units in 2018, which could generate more than 7 billion reais ($2.1 billion) in sales, a company executive said on Tuesday.

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Exclusive: Australia sound out Scolari for World Cup job

SAO PAULO (Reuters) - Australia have approached World Cup winning coach Luiz Felipe Scolari about leading them to the 2018 tournament in Russia, the former Brazil and Portugal boss has told Reuters.

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Brazil Burger King operator may price IPO near top of range -sources

SAO PAULO, Dec 12 (Reuters) - The operator of the Burger King fast-food chain in Brazil, BK Brasil Operação e Assessoria a Restaurantes SA, is expected to price its initial public offering near the top of the range, three people with direct knowledge of the matter said Tuesday.

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EMERGING MARKETS-Brazil's Bovespa drops 1 pct on pension jitters

SAO PAULO, Dec 12 (Reuters) - Brazil's benchmark Bovespa index led declines among Latin American equities markets on Tuesday, falling more than 1 percent amid persisting uncertainty over the passage of pension reform legislation seen as key to the nation's fiscal health. Speaking to journalists in Argentina late on Sunday, President Michel Temer said a vote on streamlining Brazil's social security system could be delayed until early 2018 as the government struggles to gather support amon

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EMERGING MARKETS-Chile stocks see highest rise in two years on copper prices

By Felipe Iturrieta and Bruno Federowski SAO PAULO, Dec 11 (Reuters) - Chilean stocks rose more than 2 percent on Monday, their highest daily rise in almost two years, driven by foreign buyers in large stocks and higher prices for copper, the country's main export. The IPSA index rose 2.69 percent to 5,018.67 points, its best performance since January 2016. The copper reference price on the London Metals Exchange rose 1.5 percent, its largest daily rise in almost two months. Shar

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UPDATE 1-Brazil's Kroton lays out aggressive growth strategy

SAO PAULO, Dec 11 (Reuters) - Kroton Educacional SA expects to open 180 undergraduate programs next year, 150 of them through partnerships, as Brazil's biggest for-profit education company ramps up growth plans after regulators blocked a major takeover.

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Brazil's Kroton looks to expand overseas through acquisitions

SAO PAULO, Dec 11 (Reuters) - Brazilian for-profit education company Kroton Educacional SA has begun studies to expand abroad via acquisitions and is also eyeing new domestic targets, the firm's chairman and senior executives said on Monday.

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Carrefour's Brazilian unit elects Malige as chairman

SAO PAULO (Reuters) - The board at the Brazilian unit of French retailer Carrefour has elected Matthieu Malige as chairman, it said in a statement on Monday.