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  • Petrobras hit with labor suit defeat

    6/22/18
    Brazil's state-run oil company Petrobras lost on a trial held on Thursday for labor suits. The federal labor court (TST) judges voted 13-12 in favor of making the firm review the criteria for calculating the sums of the...

  • Brazilian savings bond industry expands

    6/22/18
    The Brazilian savings bond industry registered 6.8bn reais (US$1.8bn) in premiums in the first four months of the year, up 8.1% from the same period of 2017. Meanwhile, technical reserves rose 1.7% to 29bn reais at the end of April,...

  • Agibank suspends Brazil IPO plans

    6/22/18
    Brazilian lender Agibank decided to suspend its plans to hold an IPO on the São Paulo stock exchange amid capital market volatility. Agibank, a small entity with a digital focus that previously operated under the Agiplan name, was...

  • Brazil's Itaú joins Samsung Pay

    6/21/18
    Brazilian bank Itaú Unibanco has finally joined Samsung Pay, the contactless mobile digital wallet created by the South Korean electronics manufacturer and launched in Brazil in June 2016. Itaú is the last of Brazil's largest banks ...

  • Brazil's Itaú joins Samsung Pay

    6/21/18
    Brazilian bank Itaú Unibanco has finally joined Samsung Pay, the contactless mobile digital wallet created by the South Korean electronics manufacturer and launched in Brazil in June 2016. Itaú is the last of Brazil's largest banks ...