Banco BTG Pactual S.A. (BPAC5.SA)
- Reuters
EMERGING MARKETS-Latam FX, stocks flat as investors await U.S. inflation data
* Banxico chief says rate cut a possibility at June meeting * Brazil's BTG Pactual posts 28% net income jump in Q1 * IMF staff, Argentina agree loan review to help unlock $800 mln * Latam stocks up 0.1%, FX off 0.1% (Updated at 1927 GMT) By Shashwat Chauhan and Johann M Cherian May 13 (Reuters) - Most currencies and stocks in resources-rich Latin America had a tepid start to the week, with investors exercising caution ahead of key U.S. inflation data later in the week that could offer clues on the outlook for monetary policy. As of 1927 GMT on Monday, MSCI's index for Latin American currencies was down 0.1% against the dollar, while a gauge for stocks was up 0.1%.
- Reuters
UPDATE 1-Brazil's BTG Pactual Q1 adjusted net income jumps 28% y/y
Banco BTG Pactual, Latin America's biggest investment bank, on Monday reported record adjusted net income and revenue for the first quarter despite challenging macroeconomic conditions. BTG Pactual also registered a streak of 21 consecutive quarters of revenue growth in its Wealth Management & Personal Banking division, attributed to the acquisition of Órama, which was approved by regulators in March. In a statement last month, BTG Pactual announced a $500 million foreign bond issue through its subsidiary in the Cayman Islands.
- Reuters
Acai chain Oakberry raises $67 million from BTG funds in global expansion boost
Brazilian fast-food chain Oakberry has raised 325 million reais ($66.60 million) in an investment round led by BTG Pactual-managed funds, it said on Friday, boosting a global expansion plan that should see it open 300 stores by the end of 2024. Oakberry, founded in 2016 and already backed by asset manager Kilima Asset, sells acai bowls in more than 40 countries, including the United States, Saudi Arabia, the United Kingdom and France. With the money raised from the funds managed by BTG Pactual, Latin America's largest investment bank, the company plans to turbocharge international growth, with a focus on the U.S. market.
