Edition:
United Kingdom

Alberto Alerigi

Brookfield's BRK wins $354 million sanitation auction in Brazil's Maceio

30 Sep 2020

SAO PAULO Brazilian sanitation company BRK Ambiental, controlled by Canada's Brookfield Asset Management Inc , on Wednesday won an auction to run water and sewage services in the northeastern city of Maceio with a 2 billion reais ($354 million) bid.

Brazil's steelmakers say U.S. is pressuring to lower export quotas

27 Jul 2020

SAO PAULO Brazilian steelmakers' trade group Iabr on Monday said the United States is pressuring Brazil to reduce its exports of unfinished steel, part of a long fight between both countries.

UPDATE 1-Brazil's steelmakers say U.S. is pressuring to lower export quotas

27 Jul 2020

SAO PAULO, July 27 Brazilian steelmakers' trade group Iabr on Monday said the United States is pressuring Brazil to reduce its exports of unfinished steel, part of a long fight between both countries.

Coronavirus lockdowns shutter 522,700 Brazil businesses in two weeks

16 Jul 2020

SAO PAULO Lockdown measures to prevent the spread of the novel coronavirus led to the temporary or permanent closure of 522,700 Brazilian firms in the first two weeks of June alone, government statistics agency IBGE said on Thursday, adding that nearly all were small businesses.

UPDATE 1-Brazil's Braskem to cut Capex in 2020 by at least 10% -CFO

08 Apr 2020

SAO PAULO, April 8 Brazilian petrochemical company Braskem SA expects to cut its Capex prediction for this year, of 3 billion reais ($578 million)is by at least 10%, Chief Financial Officer Pedro Freitas said in a webcast on Wednesday.

Brazil steelmakers shut down blast furnaces as coronavirus hurts demand

03 Apr 2020

SAO PAULO, April 3 Brazil steelmaker Gerdau on Friday announced several production cuts, including temporarily shutting down one of its blast furnaces, following in the footsteps of its domestic competitors as the coronavirus outbreak has harmed demand.

UPDATE 1-Brazilian meatpacker BRF to hire 2,000 workers amid coronavirus outbreak

01 Apr 2020

SAO PAULO, April 1 Brazilian meatpacker BRF SA said on Wednesday it will hire an additional 2,000 workers, both in-house and outsourced, in order to maintain its production levels.

UPDATE 1-'Essential' gunmaker Taurus stays open as coronavirus shutters Brazil

23 Mar 2020

SAO PAULO, March 23 Brazilian gunmaker Taurus SA said on Monday it would continue manufacturing firearms after the government decided its functions are "essential," even as the country shuts down to stop the spread of coronavirus.

Heineken to pour $183 million into expansion in Brazil

10 Mar 2020

SAO PAULO Heineken NV will invest 865 million reais ($183 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.

UPDATE 1-Brazil's Suzano predicts better pulp prices, savings from merger; shares rise

13 Feb 2020

SAO PAULO, Feb 13 Brazilian pulpmaker Suzano SA raised its estimates for cost savings from a merger with Fibria and said it expected higher pulp prices this year, sending shares up 3.7% in afternoon trading in Sao Paulo even as the broader market fell.

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