Page 8 - Peter Frontini News Today

SAO PAULO (Reuters) - Brazilian miner Vale sees no indication of any environmental or social breach at two of its mines in Para state that had their operating licences suspended this week, Vale Base Metals chair Mark Cutifani said on Friday. Speaki...

Automaker Hyundai Motor is planning to invest more than $1.1 billion in Brazil by 2032, Brazilian President Luiz Inacio Lula da Silva said on Thursday. The announcement came after a meeting between Lula and Hyundai's Executive Chair, Euisun Chung, in Brasilia. The investment would be focused on technology, in particular hybrid, electric and green hydrogen cars, said a statement from the presidential office.

SAO PAULO (Reuters) - Automaker Hyundai Motor is planning to invest more than $1.1 billion in Brazil by 2032, Brazilian President Luiz Inacio Lula da ...

Brazil's new incentive program to promote investment in sustainability by the country's auto sector needs to avoid making vehicles more expensive, Volkswagen's head of Brazil Ciro Possobom said. Late last year, the Brazilian government introduced general guidelines for its Mover automotive program, which is set to give tax breaks to automakers that invest in sustainability and establish new obligations to reduce the industry's environmental impact. Earlier this month, Volks...

Brazils new incentive program to promote investment in sustainability by the countrys auto sector needs to avoid making vehicles more expensive, Volkswagens head of Brazil Ciro Possobom said. ...

Italian cablemaker Prysmian has shifted around management in Brazil and Latin America as it gears up local plants to boost supply to the electricity sector and future offshore wind farms in the...

State-controlled lender Banco do Brasil reported on Thursday 4.8% growth in fourth-quarter adjusted net profit and adjusted net income of 9.44 billion reais. Analysts polled by LSEG...

State-controlled lender Banco do Brasil on Thursday forecast its adjusted net profit would grow by up to 12.5% in 2024 compared with the previous year, with new provisions for bad loans expected to...

SAO PAULO (Reuters) -Brazils largest private lender, Itau Unibanco, on Monday said it expects to accelerate lending this year, while net interest income ...

SAO PAULO (Reuters) -Payments company Cielo said on Monday a trio of Brazilian firms including its controlling shareholders had launched a tender offer to take it private in a deal that could be worth up to 5.90 billion reais ($1.18 billion). Lenders Bradesco and Banco do Brasil, which together hold almost 60% of Cielo, are making the offer together with their shared holding company, Grupo Elopar. The offer would be at 5.35 reais per share, a 6.4% premium from Monday's closing price, Banc...