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United Kingdom

Paula Laier

Brazil's Braskem says 1,918 homes must be evacuated as mine crisis lingers

09 Jul 2020

SAO PAULO, July 9 Brazilian petrochemical giant Braskem SA said on Thursday it had been told by authorities in northeastern Brazil that residents of 1,918 homes had to be evacuated due to a geological event it has been accused of causing, and it was making an additional 1.6 billion reais ($305 million) in provisions.

IRB Brasil RE approves capital raise of up to 2.3 bln reais

09 Jul 2020

RIO DE JANEIRO, July 9 IRB Brasil Resseguros on Thursday said its board had approved a capital increase of up to 2.3 billion reais with the issuance of common shares for private subscription at a price of 6.93 reais per share.

Brazil's GPA to receive part of former subsidiary Via Varejo $153 million tax award- document

20 May 2020

SAO PAULO, May 20 Brazilian food retailer GPA SA will receive 500 million reais ($87.5 million) of an 874 million-real court tax award to former subsidiary Via Varejo SA, according to securities filings and an internal Via Varejo document seen by Reuters.

Banks, Brazil's stock exchange to skip Sao Paulo early holidays

19 May 2020

SAO PAULO Brazilian banks followed stock exchange operator B3 SA on Tuesday and announced they will keep normal hours this week despite plans by Sao Paulo city and state officials to declare an extended holiday to get workers to stay home and curb the spread of the novel coronavirus.

UPDATE 1-Brazil's stock exchange to skip Sao Paulo early holidays

19 May 2020

SAO PAULO, May 19 Brazilian stock exchange operator B3 SA said on Tuesday its operations will be open this week despite plans by Sao Paulo city and state officials to declare an extended holiday to get workers to stay home to reduce potential spread of the novel coronavirus.

Brazil banks baffled as Sao Paulo moves up holidays to fight pandemic

19 May 2020

SAO PAULO, May 19 Brazil's financial institutions expressed dismay and confusion about plans for early celebrations of three public holidays in the business hub of Sao Paulo, an effort to close businesses for more days this week to fight one of the world's worst outbreaks of the novel coronavirus.

Motor maker Weg emerges as battered Brazil stock market's champion

17 Apr 2020

SAO PAULO In a bleak year that has seen Brazil's Bovespa slump to the worst performance of any major world stock market amid a coronavirus-linked retreat from risk, electric motor maker Weg SA has been the index's improbable champion.

Brazil stocks post biggest fall since 1998, central bank intervenes twice in FX

09 Mar 2020

BRASILIA/SAO PAULO Brazilian stocks plunged more than 12% on Monday to record their biggest fall since 1998 and the central bank intervened twice in the currency market as the real slumped to another record low, in a day of widespread fear and selling across global markets.

Brazil's IRB Resseguros replaces CEO and CFO after shares plunge

05 Mar 2020

SAO PAULO Brazilian reinsurer IRB Brasil Resseguros SA replaced its chief executive and chief financial officer after its shares plunged nearly 32% on Wednesday after the company said that Berkshire Hathaway is not an investor.

Shares in Brazilian reinsurer IRB jump on Q4 results, 2020 outlook

19 Feb 2020

SAO PAULO, Feb 19 A share buyback program, a better 2020 outlook and higher fourth-quarter profit helped propel shares in reinsurer IRB Brasil Resseguros SA upward in morning trading in Sao Paulo on Wednesday.

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