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.
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
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.
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.
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.
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
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.
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.
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.
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.