* Latam FX fall, lag EMFX * Brazil's Bolsonaro implicated in alleged graft scheme * Colombian markets were also closed for a holiday * Petrobras hikes fuel prices; shares fall (Updates prices) By Ambar Warrick and Susan Mathew July 5 (Reuters) - Latin American currencies fell on Monday, lagging broader emerging market peers, with Brazil's real extending losses to a fifth straight session on growing concerns over corruption in the country. The real hit a two-week low and was last trading down 0.7%, despite data that showed private sector business activity in Brazil roared back to life in June, benefiting from the easing of some COVID-19 restrictions. Website UOL reported on Monday that Brazilian President Jair Bolsonaro was involved in a scheme to skim salaries of his aides while a federal deputy.
(Bloomberg) -- Petroleo Brasileiro SA raised about $2.3 billion through the sale of its remaining stake in Brazil’s largest fuel distributor in the biggest equity transaction in Latin America this year.Petrobras, as the company is known, fully exited Petrobras Distribuidora SA in an offering that priced at 26 reais ($5.23) a piece, according to company filings. The sale is part of a broader plan from the oil giant to exit non-core businesses, cut debt and focus on deep-water projects.The downsiz
* Next Brazilian rate hike could be 100 bps * Dollar retreats as Powell speaks * Latam stocks retreat (Adds graphic, updates prices) By Susan Mathew and Ambar Warrick June 22 (Reuters) - Brazil's real hit a one-year high as minutes of the central bank's recent meeting suggested a more hawkish stance than previously thought, while Chile's and Mexico's pesos rose as commodity prices stabilized from recent losses. The real surged nearly 1% to a one-year high of 4.970, as central bank minutes showed a 100-basis point hike could be coming at the next meeting to keep inflation in check. Liam Spillane, head of EM debt at Aviva Investors, said in an interview he sees an upside in Brazil's real and said its recent outperformance can continue at this level as central bank policy should support the currency in coming months.