"industry news" Category
Emulating Apple to Tap Into Brazilians' Rising Car-Sharing Fever

Car rental companies don’t exactly inspire notions of digital prowess.

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Brazilian miner Vale sells two ships to Bocomm for $178 mln

Brazilian miner Vale SA concluded on Thursday the sale of two ships to Shanghai's Bank of Communications Finance Leasing Co Ltd (Bocomm) for $178 million.

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Brazilian government authorises purchase of UK’s HMS Ocean

Brazil’s Ministry of Defence on 1 December authorised the navy to begin efforts to purchase the UK Royal Navy’s HMS Ocean landing platform helicopter (LPH).

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Brazil's PagSeguro considers IPO in New York

Brazilian payment processor PagSeguro Internet Ltda is considering an initial public offering in the first quarter of 2018 in New York, two people with knowledge of the matter told Reuters.

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Copersucar partners with BP on ethanol complex in Brazil

Brazil’s Copersucar, one of the world’s largest ethanol merchants, and BP’s Brazil unit said on Thursday they will form a 50-50 logistics joint venture in the country.

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Shell and carmakers aim to go the distance with highway charging

Royal Dutch Shell (RDSa.L) has partnered with top carmakers to deploy ultra-fast chargers on Europe’s highways, stealing a march on rivals in the race to remove one of the biggest obstacles facing the electric car sector.

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Why int'l investors view Brazil infra sector with caution

International investors are taking a conservative approach toward infrastructure projects in Brazil amid uncertainties related to next year's presidential elections, according to a World Bank official.

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Brazil's IG4 raises up to $400 mln to distressed private equity fund

IG4 Capital Investimentos SA is raising a new $400 million fund for private equity investments in distressed Brazilian companies, founder Paulo Mattos told Reuters on Wednesday.

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VW taps Brazil growth with new model to challenge Fiat, GM

Volkswagen launches its new Virtus model on Thursday to tap Brazil’s highest-volume segment as part of a recovery plan that analysts said will help it regain ground on rivals General Motors and Fiat in South America’s largest car market.

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Petrobras CEO says cheaper offshore oil puts Brazil on the 'winner's side' of a tough market

Brazil's low-cost oil will help Petroleo Brasileiro compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant, said on Wednesday.

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