Edition:
United Kingdom

Roberto Samora

Petrobras shares slip as production target disappoints

28 Nov 2019

SAO PAULO Shares of Brazilian oil firm Petroleo Brasileiro SA slipped on Thursday after its oil and gas production outlook for next year disappointed analysts, despite ambitious long-term output forecasts in its new five-year strategic plan.

UPDATE 2-Petrobras shares slip as production target disappoints

28 Nov 2019

SAO PAULO, Nov 28 Shares of Brazilian oil firm Petroleo Brasileiro SA slipped on Thursday after its oil and gas production outlook for next year disappointed analysts, despite ambitious long-term output forecasts in its new five-year strategic plan.

Europe says Brazil's move to end soy moratorium threatens $5-billion market

25 Nov 2019

SAO PAULO Brazilian farmers risk losing part of the European market for soy products estimated at $5 billion (3.88 billion pounds) per year if they scrap a so-called soy moratorium barring grain traders from buying oilseed from areas in the Amazon that have been deforested.

Chinese demand pushes Brazil beef prices to record high

21 Nov 2019

SAO PAULO, Nov 21 Brazil's famous barbecue is getting more expensive as Chinese demand is increasingly swallowing up the country's beef supply, pushing Brazilian cattle prices to a record high.

Cosan awaits new govt in Argentina to estimate impacts for subsidiary

12 Nov 2019

SAO PAULO, Nov 12 Brazilian energy and logistics group Cosan SA awaits a government change in Argentina to better evaluate potentially negative impacts from fuel prices freeze to its subsidiary Raízen Combustíveis, an executive said on Tuesday.

Brazil's Vale outlook cut implies at least 14.7% sales drop in 2019

11 Nov 2019

SAO PAULO Brazilian iron ore miner Vale on Monday said it now expects sales of iron ore and pellets of between 307 million and 312 million tonnes in 2019, implying at least a 14.7% decline from a year earlier as it grapples with the aftermath of a deadly dam burst.

Petrobras has no interest in farming out Buzios block: executive

08 Nov 2019

SAO PAULO Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.

Brazil farmers push traders to end Amazon soy moratorium

05 Nov 2019

SAO PAULO Brazilian farmers plan to start a campaign next week to end a ban by trading firms on buying soybeans from parts of the Amazon rainforest cleared after 2008, leaders from a major farmer group told Reuters, citing support from President Jair Bolsonaro.

Brazil's Vale CEO says not yet time to resume dividends

25 Oct 2019

SAO PAULO Vale SA's chief executive officer said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.

Brazil's Vale earnings miss expectations, cites dam shutdown progress

25 Oct 2019

SAO PAULO Brazilian miner Vale on Thursday reported a weaker-than-forecast 15% gain in quarterly earnings as the iron ore exporter tries to overhaul its operations to avoid a recurrence of the dam burst that killed more than 250 people in January.

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