(Reuters) – Brazil’s Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region.…
(Reuters) – Brazilian lender Itau Unibanco said on Monday it has reached a deal to acquire a 12.82% stake in the agribusiness marketplace Orbia, formally known as Rede Agro Fidelidade…
By Gabriel Araujo SAO PAULO – Brazilian auto parts company Tupy SA has signed a deal to buy motor maker MWM, formally known as International Industria Automotiva da America do…
SAO PAULO – Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm’s chief executive for a one-year term. Coelho,…
RIO DE JANEIRO – Brazil’s shopping mall sector is expected to grow 10% this year compared to 2019, before the COVID-19 pandemic, said Jose Isaac Peres, mall operator Multiplan’s chief…
(Reuters) – Brazilian airline Gol SA said on Monday it expects to report a loss of 1.98 real per share in the first quarter of 2022 and a loss of…
By Marcela Ayres BRASILIA – Brazil’s inflation came above expectations with the sharpest rise for March in 28 years, official figures showed on Friday, as higher fuel prices weighed on…
BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Thursday that state-run power company Eletrobras will not be able to invest enough to keep up with stronger economic growth expected…
RIO DE JANEIRO – The prosecutor’s office at Brazil’s federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro’s appointment of Adriano Pires as…
By Marcela Ayres BRASILIA – Brazil’s central bank employees began an indefinite strike for a wage increase on Friday, threatening the stability of the wildly popular Pix instant payment system…
By Marcela Ayres BRASILIA – Brazil posted a record trade surplus for March, of $7.4 billion, official data showed on Friday, but the number was well below market forecasts amid…
By Bernardo Caram BRASILIA – Brazil’s central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix instant payment system, underscoring mounting…
BRASILIA – Brazil’s jobless rate stood at 11.2% in the three months through February, statistics agency IBGE said on Thursday, the lowest level for the period in six years, amid…
SAO PAULO – Brazil’s Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case brought up by drilling contractor…
By Marcela Ayres BRASILIA – Inflation in Brazil grew more than expected in the month to mid-March, the biggest jump for that period in seven years, data showed on Friday,…
SAO PAULO – Brazilian meatpacker JBS SA, which operates multiple food processing facilities in the United States, said its North American operations will continue to drive performance. Speaking at a…
– There is a possibility of replacing Petrobras’ chief executive, Brazil’s President Jair Bolsonaro said on Wednesday, adding further pressure to the state-run oil company’s pricing policy. In an interview…
– Brazilian fintech Nubank said on Monday that new central bank rules for digital banks will bring lower capital requirements than originally expected next year and in 2024, with the…
BRASILIA – Brazil’s Senate approved on Thursday two bills aimed at curbing fuel price hikes with subsidies and tax exemptions, a positive move potentially for state-run oil company Petrobras, but…
By Gabriel Araujo and Peter Frontini SAO PAULO – Brazilian planemaker Embraer SA on Wednesday reported net profit of 11.1 million reais ($2.1 million) in the fourth quarter, up from…
– Executives of miner Vale SA said on Friday that Russia’s invasion of Ukraine has led to speculation in the price of nickel, and they expect the conflict to also…
SAO PAULO – Brazilian telecom TIM SA announced on Wednesday its strategic long-term objectives for 2022-2024, saying it expects a yearly double-digit growth in its earnings before interest, tax, depreciation…
– Brazilian food retailer GPA reported on Wednesday a net income of 777 million reais ($155.10 million) in the fourth quarter of 2021, a 107.7% increase over the same quarter…
SAO PAULO – Shareholders of Brazilian state-run power company Eletrobras approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources. According…
SAO PAULO – Brazilian planemaker Embraer SA said on Monday its firm order backlog ended 2021 at $17 billion, the highest level since the second quarter of 2018, even after…