City Sao Paulo Financial News
27.02 / 20:25
25.02 / 19:11
26.01 / 18:27
CEO
Airlines
pandemic
Trade
Latin
Interviews
NOT
Brazil's Gol does not foresee layoffs related to Chapter 11 process
SAO PAULO (Reuters) -Brazilian airline Gol does not expect its Chapter 11 proceedings to trigger job cuts, its chief executive said on Friday, reiterating that the carrier's operations will remain as usual while it is under bankruptcy protection.
15.01 / 17:25
Provident
Reuters
Airlines
Boeing
Trade
reports
travelers
Shares in Brazil's Gol tank on report of potential US bankruptcy filing
SAO PAULO (Reuters) -Shares in Brazilian airline Gol tumbled on Monday after local newspaper Folha de S.Paulo reported that the company was considering filing for Chapter 11 bankruptcy protection in the United States within the next month.
14.01 / 10:37
MET
Reuters
reports
China's BYD in talks with Brazil's Sigma Lithium on supply deal -FT
(Reuters) — Chinese electric car-maker BYD (SZ:002594) has held talks with Brazil's Sigma Lithium (TSXV:SGML) over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday.
31.12 / 15:57
Provident
economy
Bill
President
Latin
Brazil unveils tax benefits for firms to boost investments
SAO PAULO (Reuters) — Brazil's Vice President Geraldo Alckmin on Sunday unveiled government measures aimed at providing companies with tax benefits so they can buy new machinery and invest in transportation.
27.12 / 00:19
CEO
Banco de Brasil exec Haui named to head BB Seguridade after CEO resigns
SAO PAULO (Reuters) — Brazilian insurer BB Seguridade said on Tuesday its CEO Ullisses Assis has resigned from his position and its controlling shareholder, Banco do Brasil, has nominated one of its executives to replace him.
24.12 / 14:48
Target
BTG
Brazil's Suzano buys forestry assets for $376 million
SAO PAULO (Reuters) -Brazilian pulp and paper company Suzano has acquired certain forestry assets from two special-purpose firms managed by BTG Pactual Timberland Investment Group, according to a securities filing.
21.12 / 13:54
Citi
FIVE
rock
information
Brazil police launch raids over Braskem's sinking ground havoc
SAO PAULO (Reuters) — Brazil's federal police on Thursday conducted raids as part of a probe into petrochemical producer Braskem's sinking ground havoc in the city of Maceio, which has forced about 60,000 people to be moved since 2018.
20.12 / 02:03
Provident
Digital
Ames
gatherings
Brazil's Americanas gets OK for restructuring plan, eyes $10 billion debt cut
SAO PAULO (Reuters) -Creditors of Brazilian retailer Americanas approved a restructuring plan on Tuesday, which features a $2.5 billion capital injection by main shareholders and a divestment agenda aimed to cut its around 50 billion reais ($10.28 billion) debt.
18.12 / 20:54
IPO
FIVE
CEO
economy
country
IPOs
2024
open
Bradesco CEO sees open window for Brazil IPOs in 2024
SAO PAULO (Reuters) — The new CEO of Brazilian lender Bradesco, Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.
08.12 / 10:15
FIVE
President
Latin
Investment banks to put $10 billion into projects aimed at South America
Four investment banks have announced during a meeting of leaders of trade bloc Mercosur they will put $10 billion for infrastructure works aiming to better connect South America
30.11 / 18:59
Cooper
President
country
Brazil confirms OPEC+ invite, minister says eager to join
By Lisandra Paraguassu, Roberto Samora and Sabrina Valle
29.11 / 22:35
CEO
Airlines
Boeing
show
Brazil's Embraer gets new order from Canada's Porter Airlines for 25 more jets
SAO PAULO (Reuters) — Brazilian planemaker Embraer said on Wednesday that Canada's Porter Airlines placed a firm order for an additional 25 E195-E2 aircraft for $2.1 billion.
24.11 / 19:17
Waters
Extreme
Entertainment
Death
show
concert
fun
Rio police investigate Taylor Swift concert organizers after fan's death
RIO DE JANEIRO (Reuters) — Rio de Janeiro's police said on Friday they have opened an investigation into the organizers of the Brazilian leg of Taylor Swift's «The Eras Tour» for the death of a 23-year-old fan who fell ill at the show last week. The police will investigate whether entertainment firm Time for Fun (T4F) committed the crime of endangering human life or health.
14.11 / 16:03
Citi
CEO
Airlines
Latin
reports
2024
Brazil's Azul lowers 2023 earnings forecast but sees better 2024
SAO PAULO (Reuters) — Brazilian airline Azul on Tuesday reduced its forecast for core earnings this year due to slower capacity growth and higher jet fuel price volatility but raised its view on 2024, lifting its Sao Paulo-traded shares.
08.11 / 13:53
Man
Instagram
Inside
social
stars
reports
Department
Footballer Neymar's girlfriend, newborn survive kidnapping attempt
Neymar, along with their newborn Maive survived a kidnapping attempt as armed criminals stormed into her house in Cotia, Sao Paulo, local media reported on November 8. Biancardi and the infant were not present when the accused broke into the house. The suspects were armed and looking for both of them inside the residential premises, the Municipal Civil Guard was reported as saying.
05.11 / 02:51
GM cancels 1,245 layoffs at factories in Brazil, union says
(Reuters) — General Motors (NYSE:GM) will cancel 1,245 layoffs at its factories in Sao Jose dos Campos, Sao Caetano do Sul and Mogi das Cruzes in the state of Sao Paulo, the union representing metalworkers said on Saturday.
19.10 / 13:05
Airlines
American Airlines orders four E175 jets from Embraer
SAO PAULO (Reuters) — Brazilian planemaker Embraer said on Thursday that American Airlines (NASDAQ:AAL) has placed a firm order for four E175 jets that will be used by Envoy Air, its subsidiary focused on regional flights.
11.10 / 23:09
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