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United Kingdom

Luciano Costa

Exclusive: Vale's mining dams are still a risk, company must do more, Brazil prosecutor says

18 Sep 2020

RIO DE JANEIRO/SAO PAULO Despite two major deadly mining disasters since 2015, Brazilian iron ore miner Vale SA has not complied with a number of commitments signed with authorities to prevent a third disaster, federal prosecutor Edison Vitorelli told Reuters.

Brazil extends tariff-free ethanol imports, opens trade talks with U.S.

12 Sep 2020

BRASILIA/SAO PAULO Brazil's government will extend a tariff-free ethanol import program with the United States for 90 days starting Sept. 14, the foreign ministry said in a statement on Friday.

UPDATE 1-Brazil extends tariff-free ethanol imports, opens trade talks with U.S.

12 Sep 2020

BRASILIA/SAO PAULO, Sept 11 Brazil's government will extend a tariff-free ethanol import program with the United States for 90 days starting Sept. 14, the foreign ministry said in a statement on Friday.

Brazil state seeks $4.8 billion Vale asset freeze over dam disaster

26 Aug 2020

SAO PAULO Authorities from Brazil's Minas Gerais state are seeking a freeze on nearly $5 billion in assets from miner Vale SA as a partial payment to cover economic and other damages from last year's deadly Brumadinho dam disaster.

Brazil's Omega Geração buys stake in EDF Renewables wind farms

23 Aug 2020

SAO PAULO Renewable energy company Omega Geração SA announced a binding agreement on Sunday to acquire a 50% stake in wind farms owned by France's EDF Renewables in the Brazilian state of Bahia.

Exclusive: Brazil energy trading firm 2W hires banks for $282 million IPO

16 Jul 2020

SAO PAULO Brazilian energy trading firm 2W Energia has hired banks to manage an initial public offering which may reach up to 1.5 billion reais ($281.48 million), three sources with knowledge of the matter said on Thursday.

Brazil's aviation gasoline market disrupted amid quality concerns

13 Jul 2020

SAO PAULO Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported aviation gasoline after chemical tests on an imported batch raised potential issues, a move that caused major fuel distributors BR Distribuidora and Raizen to suspend the sale of the product, according to filings on Monday.

UPDATE 2-Brazil's aviation gasoline market disrupted amid quality concerns

13 Jul 2020

SAO PAULO, July 13 Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported aviation gasoline after chemical tests on an imported batch raised potential issues, a move that caused major fuel distributors BR Distribuidora and Raizen to suspend the sale of the product, according to filings on Monday.

Brazil's power distributors say $2.9 billion loan not enough to make up for COVID-19 losses

30 Jun 2020

SAO PAULO A 16 billion-real ($2.93 billion) loan designed by Brazilian government to support power distribution companies cope with the coronavirus crisis is not enough to compensate all losses triggered by the pandemic, an industry association said on Tuesday.

Credit Suisse, BNP may join Brazil's COVID-19 bailout of electric sector -sources

25 Jun 2020

SAO PAULO, June 25 Credit Suisse, BNP Paribas and Sumitomo Mitsui Banking Corp may join a bank syndicate that will provide 16.1 billion real ($3.01 billion) in loans to Brazilian power distributors hurt by the coronavirus pandemic, three people familiar with the matter told Reuters.

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