Gerdau SA (GGB.N)
24 Mar 2017
SAO PAULO, March 22 Shareholders of Brazilian steelmaker Gerdau SA will have the chance to swap each of their common shares for a preferred share of the company, holding company Metalurgica Gerdau SA confirmed in a Wednesday securities filing. (Reporting by Brad Haynes and Guillermo Parra-Bernal; Editing by Bill Rigby)
By Bruno Federowski SAO PAULO, March 8 Latin American currencies weakened on Wednesday after data showed hiring by U.S. private employers surged, solidifying bets on a Federal Reserve interest rate increase next week. The ADP National Employment Report showed U.S. private payrolls added 298,000 jobs in February, well above economists' expectations of a 190,000 gain. Bets that the Fed could hike rates soon have been steadily growing for weeks after several policymaker
* Brazil's Gerdau CEO André B. Gerdau Johannpeter says on conference call for Q4 results that perspective for 2017 remains challenging, but expects gradual recovery of steel demand during the year
BRASILIA, Feb 22 Brazilian steelmaker Gerdau SA reported on Wednesday a net loss of 3.1 billion reais ($1.00 billion) in the fourth quarter, due to impairments and lower steel sales.
BRASILIA, Feb 22 Brazilian steelmaker Gerdau SA reported on Wednesday a net loss of 3.1 billion reais ($1.00 billion) in the fourth quarter, due in large part to impairments and currency fluctuations.
SAO PAULO Falling debt costs and a steadier Brazilian currency bolstered some companies' third-quarter earnings but the results disappointed hopes for signs of a recovery in the country's recession-bound economy.
SAO PAULO Brazilian steelmaker Gerdau SA said on Wednesday that promised infrastructure spending by U.S. President-elect Donald Trump's government could support the steel sector, as it posted results showing a return to profit in the third quarter.
* Brazilian steelmaker Gerdau says increase in coal costs will have an impact on its results from 2017