Brazil targets banks in income tax hike bill BRASILIA, Aug 30 (Reuters) - Brazil's government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike for banks. The bill proposes changes to the social contribution tax on corporate income (CSLL) and interest on equity payments (JCP).

Brazil lender Itau Unibanco sells all its Class A shares in XP SAO PAULO, Aug 23 (Reuters) - Brazilian lender Itau Unibanco ITUB4.SA said on Friday that it had sold all the Class A shares it had held in brokerage XP XP.O . Itau added in a securities filing it will still control a 1.5% stake in XP , as it has some 8.29 million Class B shares. It did not disclose the amount raised from the deal.

BRIEF-Brazilian Lender Itau Unibanco Says It Issued To Private Investors 3.1 Billion Reais In Debt Due In 2034 Aug 22 (Reuters) - Itau Unibanco Holding SA ITUB4.SA : SAYS IT ISSUED TO PRIVATE INVESTORS 3.1 BILLION REAIS IN DEBT DUE IN 2034 - FILING Source text for Eikon: ID:nBVSt8psza Further company coverage: ITUB4.SA Reporting by Sao Paulo newsro

EMERGING MARKETS-Latam stocks, FX rise; services data boosts Brazil's real Brazil's service sector beats forecasts Brazil's c.bank had no reason to intervene in FX Itau Unibanco shares at all-time high Stocks up 1%, FX up 0.1% Updated at 3:16 p.m ET/1916 GMT By Lisa Pauline Mattackal and Ankika Biswas Aug 13 (Reuters) - Latin American assets broadly rose on Tuesday after soft U.S.

EMERGING MARKETS-Latin American stocks, FX rise ahead of U.S. data, services data boosts Brazil's real Updated at 1515 GMT Brazil's service sector hits record high in June Itau Unibanco shares at all-time high Rouble steadies against dollar Latam stocks index up 0.4% By Lisa Pauline Mattackal Aug 13 (Reuters) - Latin American stocks and currencies broadly rose on Tuesday amid hopes softening U.S.

BRIEF-Brazil's Itau Sees Low Chance Of U.S. Recession Aug 7 (Reuters) - Itau Unibanco Holding SA ITUB4.SA : SEES CHANCES OF U.S. RECESSION AS LOW - CEO EXPECTS U.S. RATE CUTS TO START IN SEPTEMBER, POSSIBILITY OF UP TO THREE CUTS BY YEAR-END - CEO Source text for Eikon: [ID:] Further company coverage: ITUB4.SA Reporting by Paula Arend Laier

Itau Unibanco Holding SA reports results for the quarter ended in June - Earnings Summary Itau Unibanco Holding SA ITUB4.SA reported quarterly adjusted earnings of R$1.03​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of six analysts for the quarter was for earnings of R$1.05 per share.

UPDATE 3-Lender Itau Unibanco reports higher profit, credit acceleration Adds analysts' comment in paragraphs 4-5, 10 SAO PAULO, Aug 6 (Reuters) - Brazil's Itau Unibanco ITUB4.SA , Latin America's largest private lender, on Tuesday posted second-quarter profit that was up 15.2% from a year earlier, boosted by higher revenues and lower cost of credit.

Brazilian lender Itau Unibanco's net recurring profit rises to $1.8 bln in second quarter SAO PAULO, Aug 6 (Reuters) - Brazil's Itau Unibanco ITUB4.SA , Latin America's largest private lender by total assets, posted on Tuesday a net recurring profit of 10.1 billion reais ($1.8 billion) for the second quarter, above the 8.7 billion reais in profit in the same period last year.

Itau Unibanco Holding SA expected to post earnings of 19 cents a share - Earnings Preview Itau Unibanco Holding SA ITUB.N , ITUB.K is expected to show a fall in quarterly revenue when it reports results on August 6 for the period ending January 1 0001 The Sao Paulo-based company is expected to report a 1.9% decrease in revenue to $7.705 billion from $7.85 billion a year ago, according to the estimate from one analyst, based on LSEG data.

DIARY-Brazil corporate earnings week ahead Aug 2 (Reuters) - Diary of Brazil (.BVSP) corporate earnings for the week ahead BRAZIL EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 05-Aug-2024 AMC VAMO3.SA Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA Q2 2024 Vamos Locacao de Caminhoes Maquinas e Equipamentos SA Earnings Release 05-Aug-2024 BMO BBSE3.SA BB Seguridade Participacoes SA Q2 2024 BB Seguridade Participacoes SA Earnings Release 05-Aug-2024 BMO BBDC4.SA Banco Bra

UPDATE 1-Santander Brasil's net profit up 44% in Q2, beating forecasts Rewrites SAO PAULO, July 24 (Reuters) - Santander Brasil's SANB3.SA second-quarter recurring net profit jumped 44.3% on a yearly basis, the bank reported on Wednesday, topping market forecasts helped by higher lending and fees. WHY IT'S IMPORTANT Santander Brasil is one of Brazil's largest banks and typically its first big private lender to publish quarterly results, setting the tone for upcoming reports from peers Itau Uniba

Brazil's Eletrobras raises $395 million with Cteep share offer LONDON, July 19 (Reuters) - Brazilian power company Eletrobras ELET3.SA priced its stake sale in power transmission company ISA Cteep TRPL3.SA at 23.50 reais per share, in an operation that raised 2.19 billion reais ($395 million). The share offer was coordinated by lenders Citigroup, Itau BBA, Safra and XP.

UPDATE 2-Brazil's Eletrobras files for sale of Isa Cteep shares Adds context in paragraphs 3, 4 and 7 July 12 (Reuters) - Brazilian utility giant Eletrobras ELET6.SA has filed for a secondary sale of up to 130 million preferred shares it owns in power transmission firm Isa Cteep TRPL3.SA , it said in a securities filing on Friday. Eletrobras, which currently owns 35.74% of Isa Cteep, said the operation would initially comprise 60 million shares but might be increased to as many as 130 million de

Brazil's Itau names Gabriel Moura as CFO SAO PAULO, July 5 (Reuters) - Brazilian lender Itau Unibanco ITUB4.SA tapped Gabriel Amado de Moura as its new chief financial officer, the bank said on Friday in a securities filing. Moura will replace Alexsandro Broedel Lopes, who left Itau Unibanco for new opportunities abroad, the bank said. Moura was the c hief executive of Itau Chile ITAULCL.SN , a unit that will now be run by Andre Carvalho Whyte Gailey, according to the filing.

UPDATE 1-Brazil far from 'fiscal uncontrollability,' says head of bank federation Adds details, quotes in paragraphs 3-10 SAO PAULO, June 27 (Reuters) - Brazil's economic policy is going in the right direction and the country's fiscal scenario is far from getting out of control despite lots of "noise", the head of local bank federation Febraban said on Thursday.

Brazil's CBMM starts testing ultra-fast charging batteries in Volkswagen bus By Marta Nogueira RIO DE JANEIRO, June 19 (Reuters) - Brazilian miner CBMM has started to test on Volkswagen electric trucks a niobium-based battery that it claims can be charged way faster than the others in the market, the companies said on Wednesday. CBMM, backed by Brazilian billionaire family Moreira Salles, which also runs lender Itau Unibanco ITUB4.SA , hopes the project could help it reach its target of multiply