Category: English
Siemens Energy signs $200 mln deal with Brazil’s Eletrobras to upgrade transmission line
Siemens Energy has signed a $200 million deal with Brazil’s Eletrobras to modernize a key electricity transmission line that runs from the gigantic Itaipu hydroelectric plant, a Siemens executive told Reuters.
Family Builds $900 Million Brazil Farming Empire After 935% Gain
The Logemanns’ SLC Agricola controls 1.7 million acres of planted land in Brazil and traces its origins to a German immigrant who arrived more than a century ago.
Lula pick for Brazil central bank key role says he doesn’t always agree with governor
Gabriel Galipolo, Brazil’s executive secretary of the Finance Ministry, whom is to be nominated to a key role at the country’s central bank, said on Tuesday he has a good relationship with central bank Governor Roberto Campos Neto,
Brazil’s Braskem posts 95% plunge in Q1 net profit
Brazilian petrochemical producer Braskem SA reported on Monday a net profit of 184 million reais ($36.78 million) in the first quarter, a 95% decrease from the year ago period.
https://www.reuters.com/business/energy/brazils-braskem-posts-95-plunge-q1-net-profit-2023-05-09/
Dutch PM to discuss defence of Ukraine with Brazil’s Lula
Dutch Prime Minister Mark Rutte said he will lay out the need to defend Ukraine in the war with Russia on Tuesday when he meets Brazilian President Luis Inacio Lula da Silva, who has been critical of …
Lula ally picked for Brazil central bank post
An ally of president Luiz Inácio Lula da Silva has been appointed to a principal post on Brazil’s central bank, as the leftwing leader increases the pressure to cut interest rates.
https://www.ft.com/content/6c1f9fa7-1cf4-4d28-a6b0-4288cb6df244
Brazil’s Lula to nominate deputy finance minister for key central bank role
Brazilian Finance Minister Fernando Haddad ended months of uncertainty on Monday as he revealed that Gabriel Galipolo, his second-in-command at the ministry, will be nominated for a top position at …
Equinor and partners to spend $9 billion tapping reserves offshore Brazil
Norwegian energy company Equinor said Monday it was joined by its Brazilian counterparts in making a final investment decision to tap an offshore basin with more than 1 billion barrels of oil …
Brazil’s ride-hailing app 99 aims to double electric cars within a year
Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goal of reaching 1,000 vehicles, the company …
Brazil searches former President Bolsonaro’s home in vaccine card fraud inquiry
Brazil’s federal police searched former President Jair Bolsonaro’s home and seized his phone Wednesday in what they said was an investigation into falsified COVID-19 vaccine cards. Several …