Posts filtered by tags: Valor Economico[x]


New Petrobras CEO pushes to oust board members: sources

The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday. Roberto Castello Branco is seeking the resignation of two Petrobras board members, Segen Estefen and Durval Soledade, whose mandates were only supposed to end in 2020. Brazilian newspaper Valor Economico was first to report that Castello Branco was pushing for their exit.
Tags: Science, Brazil, Petrobras, Petroleo Brasileiro SA, Valor Economico, Roberto Castello Branco, Castello Branco, New Petrobras, Segen Estefen, Durval Soledade

New Petrobras CEO pushes to oust board members: report

The new chief executive of Brazil's state-controlled oil company Petroleo Brasileiro SA is pushing for the ouster of two board members, newspaper Valor Economico reported on Friday. Citing unnamed sources close to the matter, Valor said CEO Roberto Castello Branco is trying to push out independent board members Segen Estefen and Durval Santos, whose terms end in 2020. With the departure of Estefen and Santos, the new government would name four of 11 board members at Petrobras, as the company...
Tags: Science, Brazil, Petrobras, Santos, Petroleo Brasileiro SA, Valor Economico, Valor, Roberto Castello Branco, New Petrobras, Segen Estefen, Durval Santos, Estefen

Brazil’s XP Investimentos mulling Nasdaq IPO: Reuters

Brazil’s XP Investimentos SA is considering an initial public offering (IPO) on the U.S.-based Nasdaq stock exchange, the financial services firm said on Monday. Brazilian newspaper Valor Economico first reported on Monday that New York-based private equity firm General Atlantic (GA), a shareholder in XP Investimentos, was pushing for the firm to go public on Nasdaq next year. “We are in an initial phase of evaluating it,” a company representative said without providing further detail. GA did no...
Tags: New York, Ipo, Trends, IPOs, Brazil, Nasdaq, Reuters, Ga, Valor Economico, Investimentos, XP Investimentos SA, General Atlantic GA

Shell to invest up to $2 billion annually to explore, produce oil in Brazil through 2025 - report

Royal Dutch Shell plans to invest $1 billion to $2 billion annually in oil exploration and production in Brazil through 2025, Brazilian newspaper Valor Economico reported on Thursday.
Tags: Money, businessNews, Royal Dutch Shell, Brazil, Shell, Valor Economico

Boeing, Embraer to build KC-390 military cargo jet in U.S.: newspaper

U.S. planemaker Boeing and Brazil's Embraer are in talks to set up an assembly line to build KC-390 military cargo jets in the United States, Brazilian newspaper Valor Economico reported on Monday. In July, the two planemakers announced a deal to give Boeing an 80 percent stake in Embraer's commercial aircraft arm, marking the biggest realignment in the global aerospace market in decades. At the time, the companies also announced a deeper sales and services partnership on the new KC-390 milita...
Tags: News, United States, Brazil, Boeing, Embraer, Boeing Embraer, Valor Economico

Brazil to ask China for 5-million-tonne soymeal, soyoil export quota - paper

Brazil, the world's largest soybean exporter, is vying for a 5 million tonne export quota to sell soymeal and soyoil to China, the newspaper Valor Econômico reported on Thursday, quoting Agriculture Minister Blairo Maggi.
Tags: Money, China, businessNews, Brazil, Valor Economico

Baidu Ends Brazil Operations, Will Now Handle the Brazilian User Base From China

Chinese web search company Baidu is ending its operations in Brazil, five years after it set up shop in the country. From a report: The company will be handling the Brazilian user base for its web services from China. There are currently two employees working on formal procedures related to the firm's local shutdown, according to local newspaper Valor Economico. A representative for the company said there is no formal statement for Baidu's departure from Brazil. It is also unclear whether Yan Di...
Tags: China, Tech, Brazil, Baidu, Valor Economico, Yan Di

Brazilian sugar industry fears more fuel market manipulation on the horizon

In Brazil, Platts and Valor Economico report that the sugarcane industry is worried further fuel market manipulation could be on the cards following the resignation of Petrobras’ CEO under pressure of the recent truckers strike that saw much of the country’s economy shut down, including sugar mills. There are concerns that further manipulation in both gasoline and diesel markets could force sugar mills to pull back from increasing ethanol production and return to a focus on sugar despite a globa...
Tags: Brazil, Sugar, Producer News, Petrobras, Valor Economico, Brazil Platts

UAE's Mubadala fund in talks to buy renewable energy arm of Brazil's QGEP-report | ZAWYA MENA Edition

UAE's Mubadala fund in talks to buy renewable energy arm of Brazil's QGEP-report | ZAWYA MENA Edition:"United Arab Emirates's sovereign wealth fund Mubadala Development Fund is close to a deal to buy Queiroz Galvao Energia SA, the renewable energy arm of Brazil's Queiroz Galvao Participacoes, Brazilian newspaper Valor Economico reported on Tuesday.Citing sources close to the deal, Valor said the purchase would be valued at around 4 billion reais ($1.2 billion). Mubadala has partnered with Castle...
Tags: Travel, United Arab Emirates, Brazil, Uae, Valor Economico, Rupert Neil Bumfrey, Mubadala, China Three Gorges Corp, Mubadala Development Fund, Queiroz Galvao Energia SA, Queiroz Galvao, Castlerock Asset Management Inc

China’s Didi Chuxing buys control of Brazil’s 99 app, says report: Reuters

China’s ride-hailing application Didi Chuxing has agreed to acquire a majority stake in Brazilian app 99, newspaper Valor Economico said on Wednesday, citing sources familiar with the talks. According to the paper, Didi valued 99 at $1 billion, and acquired stakes owned by current shareholders Riverwood Capital, Monashees Inc., Qualcomm Ventures, Tiger Global Management LLC and Softbank Group Corp. Contacted by Reuters, 99 declined to comment and said it will issue a statement “at an appropriate...
Tags: Mexico, China, Trends, M&a, Brazil, Reuters, Didi, Valor Economico, Didi Chuxing, Monashees, Riverwood, Softbank Group Corp Contacted, Latin America Reuters

Brazil antitrust regulator to approve AT&T-Time Warner merger - media

BRASILIA (Reuters) - Brazil's antitrust regulator Cade is set to approve AT&T Inc's acquisition of Time Warner Inc on Wednesday, with conditions, newspaper Valor Economico reported on Monday.
Tags: Money, businessNews, Brazil, AT T Inc, BRASILIA, Reuters Brazil, Time Warner Inc, Cade, Valor Economico, AT amp ; T Time Warner

Brazil's Petrobras, China Development Bank sign cooperation deal

BRASILIA (Reuters) - Brazil’s state-run oil company, Petroleo Brasileiro SA , entered a strategic agreement with China Development Bank on Saturday that will allow it to explore opportunities on the Chinese financial market, Valor Economico newspaper reported.
Tags: Money, businessNews, Brazil, Petroleo Brasileiro SA, BRASILIA, Reuters Brazil, China Development Bank, Valor Economico, Petrobras China Development Bank

Shares of Copel Plummet Following Unverified Report of Share Issuance

Shares of Brazilian utility company Companhia Paranaense de Energia (Copel) (NYSE: ELP) are down 11% today, as of 11:16 a.m. EDT, after the largest financial newspaper in Brazil reported that the company intends to make a share offering. However, it looks like the story is false. A news story broke in Valor Economico that Copel intended to raise about 4 billion Brazilian reais through an equity raise and that it had asked banks and law firms to submit proposals by Friday. Image source: Getty I...
Tags: Energy, Finance, Getty Images, Materials, Brazil, Elp, Valor Economico, Copel, and Utilities, 10% Promise, Tyler Crowe, 12620e68-4c5d-11e7-9a4e-0050569d4be0, Companhia Paranaense de Energia Copel NYSE

CSN asks Brazil nod to tap Usiminas board members, Valor says

Brazilian steelmaker CSN has asked the nation's antitrust watchdog for permission to appoint members to the board of rival Usinas Siderurgicas de Minas Gerais SA, in which it owns a significant stake, because it is dissatisfied with some directors, Valor Economico newspaper said on Wednesday. Cia Siderurgica Nacional SA, as the company is formally known, says the two board members representing minority shareholders in Usiminas have failed to meet their fiduciary duty, Valor reported, citing CSN ...
Tags: Brazil, CSN, Valor Economico, Usiminas, Usinas Siderurgicas de Minas Gerais SA, Cia Siderurgica Nacional SA

Media Navel Gaze: February 29, 2016

The gloves are now really off as the new March Madness will likely be the Republican primaries with the field narrowing and Sen. Ted Cruz and Sen. Marco Rubio slugging it out to try to get into fighting distance of Donald Trump. No matter the debate, the story that made the rounds all week was the prediction from a professor at Stony Brook that his model (which has almost always been right) predicts that Trump has a 97 percent chance of winning the White House if his wins the nomination. Maybe...
Tags: Apple, Facebook, Mexico, White House, US, Pope Francis, Brazil, WTO, Republican, Donald Trump, Chris Hughes, Wilson, Trump, Central Bank, New Republic, Sen Marco Rubio

Brazil to probe Oi-Portugal Telecom merger, Valor says

Feb 2 Brazil's securities industry watchdog is poised to launch an investigation into Oi SA's acquisition of Portugal Telecom SGPS SA, on suspicion that key shareholders in both companies were aware of irregularities surrounding the deal, newspaper Valor Economico said on Tuesday. The watchdog, known as CVM, will look into whether Oi's and Portugal Telecom's controlling shareholders might have known ahead of time about potential losses in Portugal Telecom that ended up souring the transaction, V...
Tags: Brazil, Valor Economico, Portugal Telecom, CVM, Oi Portugal Telecom, Oi SA, Portugal Telecom SGPS SA, Valor

Newspaper: Petrobras told of corruption in 2009

SAO PAULO (AP) " Brazil's state-run oil company was warned five years ago of the kickback scheme that has plunged Petrobras into one of the country's worst corruption scandals, a newspaper reported Friday.The paper, Valor Economico,... [Author: [email protected]]
Tags: Brazil, Petrobras, Sao Paulo, Valor Economico