On Monday, Shares of Itaú Unibanco Holding S.A. (NYSE:ITUB), lost -1.61% to $7.34, as the real sinks lower.
The likelihood for higher U.S. interest rates has caused traders to bet against emerging-market assets, Bloomberg reports.
Additionally, an impeachment request against President Dilma Rousseff was accepted by the speaker of Brazil’s lower house of Congress last week. Rousseff is accused of illegally financing her re-election campaign, according to Bloomberg.
“The political uncertainties are still hanging on the wall,” Ipek Ozkardeskaya, an analyst at London Capital Group, told Bloomberg. “The Fed, the slide in oil and metal prices also weigh on the sentiment.”
Itaú Unibanco Holding S.A. provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank Retail, Consumer Credit Retail, and Wholesale Bank segments. The company accepts demand deposits, savings deposits, and time deposits; and offers credit cards, personal loans, payroll loans, vehicle loans, and residential mortgage loans.
Shares of Newell Rubbermaid Inc. (NYSE:NWL), inclined 7.43% to $48.16, during its last trading session, following speculation that the company is in talks to merge with Jarden Corp. (JAH), sources told the Wall Street Journal.
A transaction would combine Newell Rubbermaid brands, such as Paper Mate, Sharpie and Graco, with Jarden’s brands, counting Mr. Coffee, Coleman and Yankee Candle.
Annual sales of a combined company could reach $14 billion, the Journal added.
Newell Rubbermaid is the larger company with a $12 billion market capitalization, while Jarden’s market capitalization is about $10.5 billion.
If Jarden is attained by Newel Rubbermaid, the consumer products company could fetch for about $13 billion or more, the Journal estimates.
Newell Rubbermaid Inc. forecasts a earnings per share growth of -6.30% over the next year. Its return on investment is presently 11.10% and its debt to equity is presently 1.53. Newell Rubbermaid Inc. has a market cap of 12863.54 and its gross margin is 38.80%.
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting. The Writing segment offers writing instruments, such as markers and highlighters, pens, and pencils; art products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Parker, Waterman, and Dymo Office brand names. The Home Solutions segment provides indoor/outdoor organization, food storage, and home storage products; durable beverage containers; gourmet cookware, bakeware, cutlery, and kitchen gadgets and utensils; window treatments; and hair care accessories under the Rubbermaid, Contigo, bubba, Calphalon, Levolor, and Goody brand names. The Tools segment offers hand and power tool accessories; industrial band saw blades; tools for HVAC systems; and label makers and printers for industrial use under the Irwin, Lenox, Hilmor, and Dymo Industrial brand names. The Commercial Products segment provides cleaning and refuse products, hygiene systems, and material handling solutions; computer carts; and wall-mounted workstations under the Rubbermaid Commercial Products and Rubbermaid Healthcare brand names. The Baby & Parenting segment offers infant and juvenile products, such as car seats, strollers, highchairs, and playards under the Graco, Baby Jogger, Aprica, and Teutonia brand names. The company was founded in 1903 and is headquartered in Atlanta, Georgia.