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35 results for “EEM”

Emerging Market Funds Get a Boost as Brazil's Real Surges
A sudden rally in the Brazilian real to a 17-month high of 4.98 per USD is lifting dollar-denominated returns for broad emerging market ETFs.

Embraer Locks In Long-Term Fleet Maintenance Deal With LATAM
Planemaker Embraer has signed a multi-year component support agreement with LATAM Airlines Group to service its incoming fleet of up to 74 E195-E2 jets.

Afya stock drops as planned merger threatens direct US market access
A binding merger agreement between Brazilian medical education giant Afya and rival Yduqs will result in Nasdaq delisting, ending direct US retail access.

Spain's Aena signs Galeão takeover, cementing Brazil airport dominance
Spanish operator Aena has signed the share purchase agreement for Rio de Janeiro's Galeão airport, bringing its total share of Brazilian air traffic to 28%.

Brazil Medical School Giant Afya Agrees to Merger With Yduqs
Nasdaq-listed medical education provider Afya and Brazilian university network Yduqs sign a binding merger agreement to build an education powerhouse.

EU Rules Out Early Return for Brazilian Beef, Citing Two-Year Timeline
The European Union has rejected a transition period for its ban on Brazilian beef, locking exporters out of a premium market for at least two years.

Afya Shares Plunge Amid Investor Concern Over Nasdaq Listing Post-Merger with Yduqs
Brazilian medical education company Afya saw its shares drop sharply following a merger agreement with Yduqs, driven by listing uncertainty.

Ministerial Deadlock Over 'Low-Emission' Energy Freezes Rollout of Key Brazil Data Center Tax Break
Internal government disagreement on defining "low-emission" energy for a crucial tax break stalls the R$5.2 billion data center incentive.

Petrobras Director Confident on Consensus for Braskem’s $10.9 Billion Debt Restructuring
A Petrobras director expressed confidence that an agreement will be reached with creditors on the out-of-court restructuring of Braskem’s massive debt.

Petrobras Redeems $1.1 Billion in Dollar Bonds, Cutting International Debt Years Early
Brazil's state-controlled oil giant Petrobras is paying back $1.092 billion in global bonds due in 2028, a move that demonstrates its robust cash flow and commitment to reducing its foreign-currency financial risk.

Brazil’s Petrobras Redeems $1.09 Billion in Global Notes Ahead of 2028 Maturity
State-controlled oil company Petrobras is proactively retiring $1.092 billion in corporate debt, signaling strong financial health and a focus on reducing interest costs.

Magalu Unit Challenges iFood Exclusivity at CADE, Seeking to Open Brazil’s Interior Delivery Market
Magazine Luiza’s aiqfome delivery arm filed a complaint with Brazil’s antitrust body, CADE, arguing a 2023 settlement failed to protect smaller cities from iFood's exclusivity agreements.

Magazine Luiza Escalates Delivery War, Asking Brazil’s Antitrust Regulator to Halt iFood Exclusivity in Smaller Cities
Magazine Luiza's subsidiary, aiqfome, filed a formal complaint with Brazil's antitrust regulator CADE, arguing that a 2023 agreement on iFood's exclusivity contracts fails to protect competition in the country's mid-sized and smaller cities.

EU Satisfied with Brazil’s Poultry and Honey Sanitary Controls, Signaling Market Reopening
The European Union deemed Brazil's sanitary controls for poultry and honey satisfactory, paving the way for the quick resumption of exports suspended over antibiotic concerns.

Brazil Threatens ‘Reciprocal Measures’ After EU Blocks $1.84 Billion in Meat Exports Over Antimicrobial Use
Brasília warns of trade retaliation after the EU’s veto on beef, poultry, and honey imports takes effect, escalating a dispute that undermines the Mercosur-EU trade deal.

Sigma Lithium Shares Surge 11.6% as Brazilian Mining Operations Fully Restart
Brazilian lithium producer Sigma Lithium (SGML) saw shares jump after reaching an agreement with Minas Gerais authorities to fully restart mining.

Brazil STF Suspends Final 'Marco Temporal' Ruling Over Key Disagreement on Land Compensation
Supreme Federal Court pauses judgment on Indigenous Lands appeals, leaving multi-billion dollar compensation framework on hold.
Brazilian Lithium Giant Sigma Resumes Full Operations After Settlement with Minas Gerais State
Sigma Lithium, a Brazilian producer of EV battery material, soared after securing an agreement to end a regulatory dispute and fully resume mining.
Petrobras Secures Brazilian Navy Cooperation for High-Stakes Equatorial Margin Drilling
New naval cooperation agreement boosts legal and logistical security for Brazil's controversial oil frontier near the Amazon River mouth.
PetroReconcavo Avoids US$60 Million CAPEX by Extending Petrobras Gas Processing Deal
Brazilian independent oil producer PetroReconcavo secured nearly a decade of operational certainty in Bahia by extending a natural gas processing agreement with Petrobras.

OAS Confirms Fifth Observation Mission for Brazil’s 2026 General Elections, Boosting Validation
The OAS signed an agreement with the Brazilian government to send an EOM for the October 2026 elections, mitigating political risk.

Brazil Central Bank Rolls Over $1 Billion in FX Debt to Curb Exchange Rate Volatility
Brazil's Central Bank sold $1 billion in a line auction with a repurchase agreement to manage the rollover of short-term contracts and provide dollar liquidity.

OAS Finalizes Agreement to Send 90-Specialist Mission to Monitor Brazil’s October Elections
The Organization of American States will deploy its fifth Electoral Observation Mission to Brazil’s 2026 General Elections, reinforcing international scrutiny.

Lula-Alcolumbre Deal Unblocks Major Brazil Labor Reform and Critical Minerals Bill
A political agreement between President Lula and Senate President Davi Alcolumbre will advance a 40-hour work week PEC and a critical mining investment law.

StoneX Acquires Banco Travelex to Expand Global Payment Services in Brazil
StoneX Group has signed a definitive agreement to acquire Banco Travelex, Brazil's first dedicated foreign exchange bank.

Eletrobras (ELET3) Approves R$2 Billion Share Redemption to Finalize Novo Mercado Governance Migration
Brazil's utility giant Eletrobras is spending R$2 billion to redeem preferred shares, finalizing its migration to the B3 Novo Mercado segment.

Bradesco Offers Shareholders Discounted Shares, JCP Offset to Avoid Dilution in R$10 Billion Capital Increase
Brazilian bank Bradesco is offering existing shareholders the chance to subscribe to new shares at a 6% discount, utilizing R$6.5B in advanced JCP payments to avoid dilution.

USD/BRL Outlook Diverges on Fiscal Risks vs. Carry Trade Appeal
Investment bank forecasts for the Brazilian Real show a wide R$0.48 spread, signaling intense market disagreement on the BRL's trajectory.

JBS Bolsters Asian Footprint with South Korea Deal as Bilateral Trade Ties Deepen
Brazilian meatpacker JBS signed a long-term cooperation agreement with Highland Foods to expand its presence in South Korea.

Brazil Considers WTO Appeal Over EU Meat Ban Putting US$2.4 Billion in Exports at Risk
Brazil is weighing a WTO dispute against the EU's looming September ban on animal products, valued at US$2.4 billion in annual exports.