Reuters Company News

A Brazilian government bailout to power distributors may reach up to 15.5 billion reais ($2.9 billion), press representatives for Brazilian power regulator Aneel said on Monday.

Australian Prime Minister Scott Morrison will on Tuesday outline his government's plans to revive the sputtering economy, but is expected to warn a recovery will take between three to five years.

Mexico's biggest retailer, Walmart de Mexico, said on Monday that it had paid 8.08 billion pesos ($358 million) to Mexican tax authorities in relation to its sale of a restaurant division and other matters.

The Japanese government has given up on approving Fujifilm Holdings Corp's Avigan drug for the treatment of COVID-19 by the end of May, Kyodo News reported late on Monday.

Brazilian appliances and electronics retailer Magazine Luiza has reported a first-quarter adjusted 8 million real ($1.5 million) net loss.

Argentina's Buenos Aires Province extended the deadline for its bond restructuring negotiations until June 5, according to a statement by the provincial government on Monday, pushing back a previous deadline that had been set for May 26.

Brazil's infrastructure minister said on Monday the country still wants to privatize 43 airports through 2022, even as the COVID-19 pandemic ravages the air transportation industry.

Argentina's Buenos Aires Province extended the deadline for bond restructuring talks until June 5, according to a statement issued by the provincial government on Monday.

* Lufthansa shares up 7.5% following long-awaited deal (Adds Altmaier on EU talks, background on Merkel)

Panama's Copa Airlines on Monday said in an email to customers that it plans to resume flights on June 26, after the Central American country's government extended a ban on international travel for 30 more days. (Reporting by Diego Ore; writing by Julia Love, Editing by Franklin Paul)

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa, Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout.

Canada's main stock index rose on Monday, helped by gains for financial shares, as investors welcomed a stronger-than-expected rebound in German business morale.

Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.

Novavax Inc said on Monday it has started the Phase 1 clinical trial of a novel coronavirus vaccine candidate and has enrolled the trial's first participants, with preliminary results slated for July.

German automaker Volkswagen said on Monday it had satisfied federal requirements to resume production in Mexico but would not make announcements about renewing operations as long as a decree in the state of Puebla remains in effect.

Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation's automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.

UBS said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.

Latin American stocks hit a 10-week high, while currencies rallied on Monday as investors bet on economic recovery from the coronavirus with more countries emerging from virus-induced lockdowns. Brazil's real jumped 2%, extending gains to a fourth session, while Mexico's peso appeared to be headed for its sixth straight

* But few restaurants open and businesses fret for future (Adds death toll revised lower, new deaths at 50 in past week)