CashNews.co By Bernardo Caram BRASILIA (Reuters) -Carmaker Stellantis will invest 30 billion reais ($6.07 billion) in Brazil between 2025 and 2030, it said on Wednesday, aiming to launch over 40 new cars and introduce hybrid-flex vehicles in the country. The investment, announced shortly after a meeting between company executives and President Luiz Inacio Lula da […]
CashNews.co By Lisandra Paraguassu, Marta Nogueira and Fabio Teixeira BRASILIA/RIO DE JANEIRO (Reuters) -Brazil’s government will push state-run oil company Petrobras to reinvest cash set aside for dividends, two sources told Reuters, after its board spiked an extra dividend, blindsiding investors and sending shares plunging 10% on Friday. Petrobras CEO Jean Paul Prates on Friday […]
CashNews.co An In-depth Look at Telefonica Brasil SA’s Upcoming Dividend and Historical Performance Telefonica Brasil SA (NYSE:VIV) recently announced a dividend of $0.18 per share, payable on a to-be-announced date, with the ex-dividend date set for 2024-04-09. As investors look forward to this upcoming payment, the spotlight also shines on the company’s dividend history, yield, […]
CashNews.co Brazil’s attorney general has called for social media platforms in the country to be regulated after Elon Musk threatened to disobey a court order banning certain accounts on X and lashed out against “aggressive censorship.” In a post on X Sunday, Attorney General Jorge Messias wrote: “It is urgent to regulate social networks. We […]
CashNews.co RIO DE JANEIRO (AP) — The head of Brazil’s state-controlled oil and gas giant Petrobras has stepped down, the company said Wednesday, following months of tensions with the federal government. Petrobras opted not to pay extraordinary dividends to its shareholders earlier this year, souring relations between Petrobras CEO Jean Paul Prates and Brazil’s President […]
CashNews.co By Gabriel Araujo SAO PAULO, May 16 (Reuters) – LATAM Airlines will increase the frequency of seven of its international routes connecting Brazil to the United States and countries in Europe and Africa, it said on Thursday. The move by Chile-based LATAM, whose local unit is currently Brazil’s No. 1 carrier in international operations […]
CashNews.co BRASILIA (Reuters) -Brazil’s Finance Ministry on Thursday hiked its projection for economic growth this year but also raised inflation estimates for 2024 and 2025, underlining price impacts from recent floods in Rio Grande do Sul state. A finance ministry official also said the government is now expecting fewer interest rate cuts and a higher […]
CashNews.co Brazil | Today’s latest from Al Jazeera Read More #cashnews #Brazil #newsfinace #finance #FollowsCashnews
CashNews.co The contracts are a significant boost to Seatrium’s total order book Seatrium has won the much-anticipated orders worth $11 billion to build two FPSOs for key customer Petróleo Brasileiro (Petrobras). The $11 billion from these two floating production and storage and offloading vessels, dubbed P-84 and P-85, will be a significant boost to the […]
CashNews.co By Andre Romani CAJAMAR, Brazil (Reuters) – Latin American e-commerce giant MercadoLibre expects its investments in Brazil this year to exceed the 23 billion reais ($4.35 billion) initially planned due to higher-than-expected sales, local marketplace head Fernando Yunes said on Wednesday. He told reporters the revised capital expenditure plan cannot be fully disclosed at […]