Articles From: Brazil Finance Minister Mantega: No Formula Yet for Fuel Prices to Brazil Regulator Likely to Impose BRL3.1 Billion in Fines for Alleged Cement Cartel


2013/10/30
By Gerald Jeffris BRASILIA--Brazil's government hasn't yet given final approval on a formula to allow for automatic fuel price adjustments by state-controlled oil company Petrobras (PETR4.BR, PBR), Finance Minister Guido Mantega said Wednesday.
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2013/10/8
SAO PAULO--Brazilian state-controlled oil firm Petroleo Brasileiro SA (PETR4.BR, PBR), or Petrobras, expects to raise domestic prices for gasoline this year but hasn't set a date and could change its mind if market conditions change unexpectedly, Chief Executive Maria das Gracas Foster said Tuesday.
Sign-up for Brazil Gasoline Price Increase Seen This Year -- Petrobas CEO investment picks
2013/10/31
By Rogerio Jelmayer SAO PAULO--Latin America's biggest steelmaker, Gerdau SA (GGBR4.BR, GGB), reported an increase of 57.4% of its net profit in the third quarter, as the depreciation of the Brazilian real versus the U.S dollar and higher prices for its products in Brazil boosted the company's revenues.
Sign-up for Brazil Gerdau 3Q Net Profit BRL642 Million Vs BRL408 Million investment picks
2014/3/27
By Rogerio Jelmayer SAO PAULO--The Brazilian government Thursday unveiled an overseas bond issue denominated in euros, just days after Standard & Poor's downgraded the rating of Latin America's largest economy to the lowest level in the investment-grade category.
Sign-up for Brazil Government Unveils Euro Bond Issue --Update investment picks
By Michael Kahn All emerging markets have been in a tailspin since May when Federal Reserve Chairman Ben Bernanke hinted that the Fed was considering cutting back its bond purchases.
Sign-up for Brazil is no bargain investment picks
By Rogerio Jelmayer SAO PAULO--Brazil's giant bank Itau Unibanco Holding SA (ITUB) is putting up for sale its high-risk corporate insurance unit, the financial newspaper Valor Economico reported in its Wednesday edition.
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By Rogerio Jelmayer SAO PAULO--Brazil's second-largest bank by assets Itau Unibanco Holding SA (ITUB) Tuesday said that fourth-quarter net profit rose 33% on gains in its revenue and lower provisions.
Sign-up for Brazil Itau Unibanco Net Profit Rises on Revenue Gains, Lower Provisions investment picks
2014/3/19
By Paulo Trevisani and Loretta Chao Brazilian lawmakers have backed down on a controversial provision in an Internet bill that could have cost hundreds of millions of dollars to Internet companies such as Google Inc. Lawmakers said Wednesday they have amended an Internet regulation bill called Marco Civil so that it no longer contains a requirement to store copies of all data pertaining to Brazilians in local data centers.
Sign-up for Brazil Lawmakers Remove Controversial Provision in Internet Bill investment picks
2014/3/19
Brazilian lawmakers have backed down on a controversial provision in an Internet bill that could have cost hundreds of millions of dollars to Internet companies such as Google Inc. Lawmakers said Wednesday they have amended an Internet regulation bill called Marco Civil so that it no longer contains a requirement to store copies of all data pertaining to Brazilians in local data centers.
Sign-up for Brazil Lawmakers Remove Internet Bill Provision investment picks
By Jeff Fick RIO DE JANEIRO--Chinese state-controlled oil companies will be limited to joint bids to develop Brazil's largest offshore oil discovery, amid concerns the firms could share data and reduce competition at the Oct.
Sign-up for Brazil Limits Chinese Oil Firms to Joint Bids for Offshore Field investment picks
2014/1/27
By Rogerio Jelmayer SAO PAULO--Brazil's mobile-phone subscriptions rose in December at a slower pace than the previous month, according to figures released Monday by telecommunications regulator Anatel.
Sign-up for Brazil Mobile Phone Sales Rise Less In December; Vivo Loses Ground investment picks
2014/2/14
By Rogerio Jelmayer SAO PAULO--Brazil's TIM Participacoes SA (TIMP3.BR) said Thursday that its profit rose 7.9% in the fourth quarter last year, with revenue increasing at a faster pace than costs.
Sign-up for Brazil Mobile-Phone Company TIM 4Q Profit Rose; Revenue Growth Outstripped Costs investment picks
By Jeff Fick RIO DE JANEIRO--Brazil nominated an engineer at independent oil company HRT Participacoes em Petroleo SA (HRTP3.BR) to head the government-run firm that will manage development of the country's recently discovered deep-water oil fields, Mines and Energy Minister Edison Lobao said Monday.
Sign-up for Brazil Names HRT Engineer to Head Presalt Oil Company PPSA investment picks
2013/12/23
By Rogerio Jelmayer SAO PAULO--Brazilian electricity generator and distributor Neoenergia SA (GNAN3B.SM) on Monday said it signed an agreement to acquire a 35% stake in local power generation company Itapebi Geracao de Energia S.A., for an undisclosed amount.
Sign-up for Brazil Neoenergia Acquires 35% Stake in Power Generator Itapebi investment picks
2013/12/3
RIO DE JANEIRO--Brazil's crude oil production fell slightly in October on reduced output from recently discovered offshore fields, the country's National Petroleum Agency, or ANP, said Tuesday.
Sign-up for Brazil October Crude Oil Output Falls on Lower Pre-Salt Output investment picks
By Luciana Magalhaes SAO PAULO--Brazilian businessman Eike Batista's flagship oil company, OGXPetroleo e Gas Participacoes SA (OGXP3.BR, OGXPY), said in a statement overnight that it has concluded talks with some holders of its bonds due in 2018 and 2022 without reaching an agreement.
Sign-up for Brazil Oil Firm OGX Concludes Talks With Bondholders Without Agreement investment picks
RIO DE JANEIRO--Workers at state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will go on strike Thursday, combining a protest against Brazil's sale of a massive offshore oil sale with demands for higher wages, the oil workers' union said Wednesday.
Sign-up for Brazil Oil Workers Plan Strike Thursday Against Oil Auction -Union investment picks
By Rogerio Jelmayer and Luciana Magalhaes SAO PAULO--Distressed Brazilian oil company Oleo e Gas Participacoes SA (OGXP3.BR), controlled by businessman Eike Batista, announced that its only working oil field, Tubarao Martelo, off the coast of Rio de Janeiro, produced 333,105 barrels of oil equivalent in December.
Sign-up for Brazil Oleo e Gas Gives First Monthly Output Figures at Tubarao Martelo investment picks
2014/3/25
BRASILIA--Brazilian lawmakers approved late Tuesday broad Internet legislation meant to protect privacy, among other things.
Sign-up for Brazil Passes Internet Bill investment picks
2014/3/25
By Paulo Trevisani and Djania Savoldi BRASILIA--Brazilian lawmakers approved late Tuesday broad Internet legislation meant to protect privacy, among other things.
Sign-up for Brazil Passes Internet Bill Without Data-Center Provision investment picks
SAO PAULO--The pension and insurance company of government-run Banco do Brasil SA plans to issue American depositary receipts, it said late Friday in a regulatory filing.
Sign-up for Brazil Pension Firm BB Seguridade Plans to Issue ADRs investment picks
RIO DE JANEIRO--Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Friday that domestic crude oil output rose for a second-consecutive month in September as new wells were connected and maintenance work at offshore platforms ended.
Sign-up for Brazil Petrobras Crude Oil Production Rises 3.7% in September investment picks
RIO DE JANEIRO--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Tuesday that domestic crude-oil output fell in October as shutdowns at several offshore platforms crimped production.
Sign-up for Brazil Petrobras Crude-Oil Production Falls 1.0% in October investment picks
RIO DE JANEIRO--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Monday that domestic crude-oil output dipped slightly in November, despite record production from massive new oil fields.
Sign-up for Brazil Petrobras Crude-Oil Production Slips 0.1% in November investment picks
By Rogerio Jelmayer SAO PAULO--Brazil's consumption of oil derivatives, mainly gasoline and diesel fuel, will expand by 2.5% per year until 2018, fueled by the continued expansion of the country's vehicle fleet, according to the chief executive of Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, Maria das Gracas Foster.
Sign-up for Brazil Petrobras Sees Oil Derivatives Demand Growing by 2.5% Yearly Through 2018 investment picks
BRASILIA -- Brazil's state-controlled oil company Petrobras (PETR4.BR, PBR) has sufficient funds on hand to pay its share of a hefty government fee for operations at the Libra offshore "pre-salt" oil field and won't need to request a fuel-price increase to meet the obligation, the company's president Graca Foster said Wednesday.
Sign-up for Brazil Petrobras: Can Meet Libra Payment Without Fuels Increase investment picks
BRASILIA--Brazil's state-controlled oil company Petrobras (PETR4.BR, PBR) expects increased output in coming months to help offset current adverse financial conditions, and it may also benefit from a fuels price increase before the end of the year, company President Graca Foster said Monday.
Sign-up for Brazil Petrobras's Foster: More Output, Possible Increase in Fuels Prices investment picks
2014/3/19
By Matthew Cowley and Paul Kiernan SAO PAULO--Brazil President Dilma Rousseff's backing of a 2006 purchase of an oil refinery in Pasadena, Texas, that has turned into a major headache for the government-run oil company was based on a "flawed" internal report, according a statement from the president's communications office.
Sign-up for Brazil President Says Report on Petrobras Purchase of Texas Refinery 'Flawed' investment picks
SAO PAULO--ALL America Latina Logistica (ALLL3.BR), Brazil's biggest railroad operator, is in talks with sugarcane processor Cosan SA (CSAN3.BR) to merge with the sugar company's transport operations, Valor Economico newspaper reported Thursday.
Sign-up for Brazil Railroad Company ALL in Merger Talks With Sugar Producer Cosan -Report investment picks
By Rogerio Jelmayer SAO PAULO--Brazil's antitrust regulator is likely to impose fines totaling 3.1 billion Brazilian reais ($1.3 billion) on six cement producers that allegedly were part of a cartel in the Latin American country.
Sign-up for Brazil Regulator Likely to Impose BRL3.1 Billion in Fines for Alleged Cement Cartel investment picks
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Articles From: Brazil Finance Minister Mantega: No Formula Yet for Fuel Prices to Brazil Regulator Likely to Impose BRL3.1 Billion in Fines for Alleged Cement Cartel
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