Page 6 - Steven Grattan News Today

A consortium with Brazilian firm Comporte and a subsidiary of Beijing-based company CRRC was the only bidder and won an auction on Thursday for a 30-year concession to build a railway that would link...

Brazilian payment firm PagBank posted a 20% increase on its fourth quarter net profit from a year earlier, benefited from a rise in its total payment volume on acquiring business....

Including effects of hyperinflation in Turkey, where it also has large operations, net profit was 754 million reais, still much higher than analysts' forecasts of a net income of 339.57 million reais for BRF. A recovery of export markets and 66 new authorizations for BRF export plants also helped the company "to end the year better than it started," CEO Miguel Gularte said. Lower grain prices and better demand dynamics should continue throughout 2024, he said.

SAO PAULO (Reuters) - Brazilian financial exchange operator B3 posted on Thursday a 8.8% decrease in its fourth quarter net profit from a year earlier. B3 reported a 915.5 million reais ($184.56 million) net profit for the quarter ended in December...

By Anthony Boadle and Lisandra Paraguassu RIO DE JANEIRO (Reuters) -Western foreign ministers from the G20 group of nations meeting in Brazil on Wednesday attacked Russia for its invasion of Ukraine as Russian Foreign Minister Sergei Lavrov listened, diplomats said. “Russia must be made to pay for its aggression,” British Foreign Minister David Cameron told…

SAO PAULO (Reuters) -Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended. Vale, which did not give details of the reason for the suspension in the filing, said it complies with conditions and socio-environmental controls of its activity. Vale produced 66,800 metric tons of copper in 2023 in Sossego, its second largest mine of copper in output terms, ...

SAO PAULO (Reuters) - Brazilian miner Vale said on Wednesday it received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended. The company said in a filing it is e...

Brazilian financial exchange operator B3 posted on Thursday a 8.8% decrease in its fourth quarter net profit from a year earlier....

SAO PAULO (Reuters) -Brazilian telecommunications operator Telefonica Brasil posted on Tuesday a 42.1% increase in fourth quarter net profit from a year earlier, helped by an increase in revenues in post-paid operations. The firm, which is controlled b...

Brazilian cash & carry operator Assai posted on Wednesday a 26.8% decrease in its fourth quarter net profit from the same period in the previous year....