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Paula Laier

Steelmakers set to hike prices in Brazil, BTG says

Oct 15 2020

SAO PAULO, Oct 15 Steelmakers Usiminas, CSN and ArcelorMittal SA are planning to hike prices of steel for November delivery in Brazil, analysts at investment bank BTG Pactual wrote in a note to clients on Thursday.

UPDATE 3-Brazil software firm Totvs outbids StoneCo for rival Linx with $1.13 bln offer

Aug 14 2020

SAO PAULO, Aug 14 Brazilian software company Totvs SA on Friday bid 6.1 billion reais ($1.13 billion) to acquire rival Linx SA, challenging a controversial takeover deal struck with payment processor StoneCo Ltd earlier this week.

UPDATE 1-Brazilian retailer Quero-Quero's IPO may raise $413 mln

Aug 06 2020

SAO PAULO, Aug 6 Brazilian home improvement retailer Lojas Quero-Quero SA concluded on Thursday an initial public offering that may raise 2.2 billion reais ($412.64 million), according to a securities filing.

Brazil's Braskem says 1,918 homes must be evacuated as mine crisis lingers

Jul 09 2020

SAO PAULO, July 9 Brazilian petrochemical giant Braskem SA said on Thursday it had been told by authorities in northeastern Brazil that residents of 1,918 homes had to be evacuated due to a geological event it has been accused of causing, and it was making an additional 1.6 billion reais ($305 million) in provisions.

IRB Brasil RE approves capital raise of up to 2.3 bln reais

Jul 09 2020

RIO DE JANEIRO, July 9 IRB Brasil Resseguros on Thursday said its board had approved a capital increase of up to 2.3 billion reais with the issuance of common shares for private subscription at a price of 6.93 reais per share.

Brazil's GPA to receive part of former subsidiary Via Varejo $153 million tax award- document

May 20 2020

SAO PAULO, May 20 Brazilian food retailer GPA SA will receive 500 million reais ($87.5 million) of an 874 million-real court tax award to former subsidiary Via Varejo SA, according to securities filings and an internal Via Varejo document seen by Reuters.

Banks, Brazil's stock exchange to skip Sao Paulo early holidays

May 19 2020

SAO PAULO Brazilian banks followed stock exchange operator B3 SA on Tuesday and announced they will keep normal hours this week despite plans by Sao Paulo city and state officials to declare an extended holiday to get workers to stay home and curb the spread of the novel coronavirus.

UPDATE 1-Brazil's stock exchange to skip Sao Paulo early holidays

May 19 2020

SAO PAULO, May 19 Brazilian stock exchange operator B3 SA said on Tuesday its operations will be open this week despite plans by Sao Paulo city and state officials to declare an extended holiday to get workers to stay home to reduce potential spread of the novel coronavirus.

Brazil banks baffled as Sao Paulo moves up holidays to fight pandemic

May 19 2020

SAO PAULO, May 19 Brazil's financial institutions expressed dismay and confusion about plans for early celebrations of three public holidays in the business hub of Sao Paulo, an effort to close businesses for more days this week to fight one of the world's worst outbreaks of the novel coronavirus.

Motor maker Weg emerges as battered Brazil stock market's champion

Apr 17 2020

SAO PAULO In a bleak year that has seen Brazil's Bovespa slump to the worst performance of any major world stock market amid a coronavirus-linked retreat from risk, electric motor maker Weg SA has been the index's improbable champion.

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