SÃO PAULO State-owned China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Pará with a $450 million investment, the state's government said on Thursday.
SAO PAULO Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo.
SAO PAULO, May 8 Brazilian steelmaker Companhia
Siderurgica Nacional said on Thursday it is still in
talks for a $500 million iron ore streaming deal and is close to
reaching an agreement to sell its German unit.
SAO PAULO, May 9 Brazilian petrochemical company
Braskem SA is preparing alternatives in the event the
company is forced to stop its mining activities in the
northeastern state of Alagoas, its chief executive officer said
SAO PAULO Franklin Templeton has invested $30 million in Brazilian-Israeli fintech Weel as part of the U.S. asset manager's strategy to increase its footprint in Brazil and the rest of Latin America, according a statement on Thursday.
SAO PAULO Brazilian petrochemical company Braskem SA expects to file its 2017 20-F form with the Securities and Exchange Commission before May 16 to avoid the delisting of its shares from the New York Stock Exchange, Chief Financial Officer Pedro Freitas said on Thursday.
SAO PAULO Brazilian airline Azul SA on Monday said it will seek to buy certain assets held by struggling rival Avianca Brasil for $105 million, on the same day a local court allowed the carrier to hold onto its planes despite mounting missed payments.
SAO PAULO, Feb 21 Cia Siderúrgica Nacional SA
, Brazil's second-largest producer of flat steel
products, said on Thursday it was considering selling its
preferential shares in larger rival Usinas Siderúrgicas de Minas
SAO PAULO/DETROIT, Feb 19 Ford Motor Co
said on Tuesday it will close its oldest factory in Brazil and
exit its heavy commercial truck business in South America, a
move that could cost more than 2,700 jobs as part of a
restructuring meant to end losses around the world.
SAO PAULO, Feb 7 Brazilian food processor BRF SA
on Thursday fell short of raising 5 billion reais at
the end of an asset sale program, causing shares of the world's
largest chicken exporter to drop by almost 5 percent.