United States

Alberto Alerigi

Brazil's Vale, China's CCCC to co-invest in steel plant

May 23 2019

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.

VW truck brand to invest $344 million in Brazil after Ford exit

May 21 2019

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.

UPDATE 1-Brazil's CSN nears German unit sale, in talks for ore streaming

May 09 2019

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.

UPDATE 1-Braskem looks at options for possible Alagoas mining stoppage -CEO

May 09 2019

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 on Thursday.

Franklin Templeton invests in Brazilian-Israeli fintech Weel

Apr 04 2019

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.

Brazil's Braskem expects to file 2017 20-F to avoid NYSE delisting

Mar 14 2019

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.

Avianca Brasil strikes deal with Azul, holds on to planes for now

Mar 11 2019

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.

UPDATE 1-Brazil steelmaker CSN mulls sales of Usiminas shares to cut debt

Feb 21 2019

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 Gerais SA.

UPDATE 4-Ford to close oldest Brazil plant, exit South America truck biz

Feb 19 2019

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.

UPDATE 1-Shares of Brazil's BRF dive as cash-raising effort falls short

Feb 07 2019

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.

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