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[1/2] Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsDec 1 (Reuters) - Apple (AAPL.O) and Paramount Global (PARA.O) have discussed bundling their streaming services at a discount, the Wall Street Journal reported on Friday. The companies have talked about offering a combined Paramount+ and Apple TV+ offering that would cost less than subscribing to both services separately, the report said, citing people familiar with the discussions. The talks are in their early stages, and it is unclear what shape the bundle could take, the report added. Apple and Paramount did not immediately respond to Reuters requests for comment.
Persons: Dado Ruvic, Chavi Mehta, Pooja Desai Organizations: REUTERS, Paramount Global, Wall Street, Paramount, Apple, Thomson Locations: Bengaluru
[1/2] A herd of cattle is seen at the Marupiara ranch in the city of Tailandia in the state of Para, Brazil March 17, 2020. The state government established the program in a decree published on Monday and sets the target of individual tracking of all 24 million cattle in Para by December 2026. Cattle ranching in Brazil is linked to nearly 24% of global annual tropical deforestation and approximately 10% of total global greenhouse gas emissions, the conservancy said. Para has Brazil's second biggest cattle herd behind the west-central state of Mato Grosso, according to government data. "The absence of full traceability in Para undermined their ability to attract legitimate investment into this sector."
Persons: Pilar Olivares, Helder Barbalho, Jack Hurd, Ana Mano, Jake Spring, Jonathan Oatis Organizations: REUTERS, SAO PAULO, Nature Conservancy, conservancy, Para, Integrity, Tropical, Alliance, Thomson Locations: Tailandia, Para, Brazil, Mato Grosso, France, Spain, Norway, COP28
3-Stock Lunch: ULTA, PARA & BTC
  + stars: | 2023-12-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: ULTA, PARA & BTCBoris Schlossberg, BK Asset Management, joins ‘Power Lunch’ to discuss three stocks: Ulta Beauty, Paramount and Bitcoin.
Persons: BTC Boris Schlossberg Organizations: BTC, BK Asset Management, Paramount
“Algunos de ellos dicen explícitamente que esta es una oportunidad para regodearse y celebrar el asesinato de judíos en internet”, declaró. “Están intentando atraer público a sus contenidos, y este es un momento de enorme crecimiento para ellos”. Sheera Frenkel es una reportera afincada en la bahía de San Francisco que cubre el impacto de la tecnología en la vida cotidiana, centrándose en las redes sociales, como Facebook, Instagram, Twitter, TikTok, YouTube, Telegram y WhatsApp. Más deSheera FrenkelSteven Lee Myers cubre temas de desinformación para The New York Times. Ha trabajado en Washington, Moscú, Bagdad y Pekín, donde contribuyó a los artículos que ganaron el Premio Pulitzer por servicio público en 2021.
AMZN mountain 2021-01-01 Amazon's stock performance since the start of 2021. CRM mountain 2021-01-01 Salesforce's stock performance since the start of 2021. DHR mountain 2021-01-01 Danaher's stock performance since the start of 2021. DIS mountain 2021-01-01 Disney's stock performance since 2021. SWK mountain 2021-01-01 Stanley Black & Decker's stock performance since the start of 2021.
Persons: It's, Eli Lilly, Salesforce, Bob Iger's, Emerson, Lal Karsanbhai, hasn't, tanked, Laxman Narasimhan, Stanley Black, Decker, , Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Federal Reserve, Dow Jones Industrial, Nvidia, Microsoft, Linde, LIN, Broadcom, Web Services, Walt Disney, Paramount, Warner Bros Discovery, Disney, Emerson, Emerson Electric, National Instruments, Google, Honeywell, Honeywell International, Technologies, Solutions, Meta, Reality Labs, Starbucks, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Seattle, Danaher's, China
REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A New York trial judge has narrowed Warner Bros Discovery's lawsuit against Paramount Global (PARA.O) over the rights to stream "South Park," the animated comedy featuring foul-mouthed children. She also dismissed a claim that Paramount failed to act in good faith, because that claim duplicated Warner's breach of contract claim. Warner sued in February, saying Paramount breached the agreement by providing only 14 new episodes, and diverted other new "South Park" content to its Paramount+ streaming service under a $900 million agreement with Parker and Stone. "South Park" was launched in August 1997 on Comedy Central, owned by Paramount. The case is WarnerMedia Direct LLC v Paramount Global et al, New York State Supreme Court, New York County, No.
Persons: Alyssa Pointer, Margaret Chan, Trey Parker, Matt Stone, HBO Max, Warner, Parker, Stone, countersued Warner, Jonathan Stempel, Franklin Paul Organizations: Warner Bros . Discovery Atlanta, REUTERS, Warner Bros, Paramount Global, Paramount, HBO, Comedy Central, New York, Court, Franklin Paul Our, Thomson Locations: Atlanta , Georgia, U.S, York, Manhattan, New, Court , New York County, New York
“Es la que mejor relación tiene con los fans y la que logra toda esta fan manía”, comentó Lucas Forte, de 24 años y miembro de otra carpa que había dormido afuera del estadio durante cinco noches desde septiembre. “Me enteré de que ustedes acamparon para tener un buen lugar”, le dijo el jueves a la multitud. Los organizadores se aseguraron de que las que acamparon fueran las primeras en la fila. “Llegamos allá y me rompí la rodilla” contó Atenas Astuni, de 23 años, integrante de la primera de las carpas, con la voz ronca la mañana del viernes tras el concierto. “Pero estaba hablando con mis amigas de que si me tendría que romper la rodilla de vuelta para que pase exactamente lo mismo que pasó ayer, lo hago de vuelta.
In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.
Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho
A general view shows the water conditions in the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 5, 2023. The Amazon jungle is the world's largest rainforest and its protection is seen as vital to curbing climate change. "It's an impressive result and seals Brazil's return to the climate agenda," said Marcio Astrini, head of advocacy group Climate Observatory. Under the right-wing former president, destruction at the hands of ranchers, land speculators and miners surged to a 15 year high. The official annual period is measured from August to July as there is less cloud cover in the middle of the year to obscure deforestation on satellite images.
Persons: Ueslei Marcelino, Luiz Inacio Lula da Silva, Jair Bolsonaro, Bolsonaro, Marcio Astrini, Lula, Peter Frontini, Jake Spring, Kylie Madry, David Gregorio Our Organizations: REUTERS, SAO PAULO, Thomson Locations: Belem , Para, Brazil
BOGOTA, Nov 9 (Reuters) - Colombia's National Liberation Army (ELN) guerrillas on Thursday freed the father of Liverpool soccer player Luis Diaz, after taking him hostage nearly two weeks ago, the government said. The elder Luis Diaz was snatched on Oct. 28 in Barrancas, a rural municipality where he lives in the northern province of La Guajira. Thank you all, much love to you all," the soccer star's father said after arriving at his home. "CRITICAL SITUATION"[1/5]Luis Manuel Diaz, father of Liverpool player Luis Diaz, waves after he was freed by Colombia's National Liberation Army (ELN), in Valledupar, Colombia November 9, 2023. The ELN said a week ago it would free Diaz, and its top commander said the kidnapping was a mistake.
Persons: Luis Diaz, Luis Manuel Diaz, Player Diaz, Diaz, Luis Diaz's father's, Liverpool, Esteban Vanegas, Mision, ELN, Cilenis Marulanda, Luis Jaime Acosta, Julia Symmes Cobb, Oliver Griffin, Toby Davis, Grant McCool Organizations: National Liberation Army, Liverpool, Libertad, Liverpool's Premier League, Luton Town, Europa League, Toulouse, Colombia's National Liberation Army, REUTERS Acquire, Catholic Church, United Nations, Guerrilla, Reuters, Thomson Locations: BOGOTA, Liverpool, Colombia's, Barrancas, La Guajira, Colombia, England, Papa, France, Valledupar
Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) gained 3% each, Netflix (NFLX.O) rose marginally, while Walt Disney (DIS.N) jumped 4%, as it also benefited from strong earnings and a plan to cut more costs. The writers, who had gone on strike before the actors in spring, returned to work in late September, but most productions remained halted as the actors were on picket lines. "Its certainly a very encouraging sign the chasm that opened up between actors, writers and studios can finally be closed and work begin in earnest on re-starting productions," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Streeter warned that "it's going to take considerable time before new movies, in particular, will appear on screens given the lengthy post-production process." Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Alyssa Pointer, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Streeter, Samrhitha, Shinjini Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Paramount Global, Netflix, SAG, Hargreaves, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Hollywood, Bengaluru
That drop has helped fuel a stock rally that has given the S&P 500 (.SPX) and the Nasdaq (.IXIC) their longest streak of gains in two years through Wednesday's close at eight and nine sessions, respectively. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The Dow Jones Industrial Average (.DJI) fell 40.33 points, or 0.12%, to 34,112.27; the S&P 500 (.SPX) gained 4.40 points, or 0.10 %, at 4,382.78; and the Nasdaq Composite (.IXIC) added 10.56 points, or 0.08 %, at 13,650.41. Declining issues outnumbered advancers by a 1.3-to-1 ratio on the NYSE while on the Nasdaq declining issues outnumbered advancers by a 1.7-to-1 ratio on the Nasdaq. The S&P 500 posted 17 new 52-week highs and eight new lows while the Nasdaq recorded 53 new highs and 206 new lows.
Persons: Eli Lilly, Dow, we're, Jason Ware, Brendan McDermid, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: Warner Bros, Nasdaq, Federal, Treasury, Albion Financial, Dow Jones, New York Stock Exchange, REUTERS, U.S . Food, Drug Administration, Warner Bros Discovery, Paramount Global, Thomson Locations: New York City, U.S
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. U.S. Treasury yields have retreated sharply from their recent highs. That drop has helped fuel a rally in stocks, sending the S&P 500 (.SPX) and the Nasdaq (.IXIC) to their longest streak of gains in two years through Tuesday's close. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The S&P 500 posted 15 new 52-week highs and five new lows while the Nasdaq recorded 52 new highs and 173 new lows.
Persons: Brendan McDermid, we're, Jason Ware, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: New York Stock Exchange, REUTERS, Warner Bros, Dow, Nasdaq, Federal, Treasury, Fed, Albion Financial, Dow Jones, Warner Bros Discovery, Paramount Global, Tech, Thomson Locations: New York City, U.S, Tuesday's
Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .
Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine
CNN —Liverpool player Luis Díaz has pleaded for his kidnapped father to be released back to his family in Colombia. Díaz made the appeal hours after coming on as a substitute and scoring a late equalizer during Liverpool’s 1-1 draw against Luton Town on Sunday. I beg that they [the ELN] release him immediately, respecting his integrity and ending this painful wait as soon as possible. A major police and military search operation for Díaz’s father is ongoing. The 26-year-old forward traveled back to Colombia after his parents’ kidnapping and returned to the UK ahead of Liverpool’s game against Luton.
Persons: Luis Díaz, Díaz, Luis Manuel Díaz, , ” Díaz, Lismari Machado, Cilenis Marulanda, Harvey Elliott’s, , Jürgen Klopp, Klopp, Clive Rose, ” Tahith Chong Organizations: CNN, Liverpool, Luton Town, National Liberation Army, Premier League, AFP, Getty, Luton, Kenilworth, Díaz’s Locations: Colombia, Colombian, Barrancas, Colombia’s, La Guajira
UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.
Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock
Luis Diaz lifted his Liverpool jersey to reveal a T-shirt with the words “Libertad Para Papa” (“Freedom for Papa”) after scoring a late equalizer Sunday in his first appearance for the team since his parents were kidnapped in his native Colombia. Diaz returned to training on Thursday after missing two Liverpool games and said he was ready to play against Luton, with manager Jurgen Klopp selecting him on the bench. "That’s it, for us a super important goal and for him very important and emotional.”Klopp said before the game that “positive” negotiations were taking place about the release of Diaz's father. Tahith Chong looked like being the match-winner for Luton, converting a finish at the end of an 80th-minute counterattack that came after a Liverpool corner. “We pushed a top, top team all the way and we can take a lot of confidence from that.
Persons: Luis Diaz, Papa ”, Diaz, Jurgen Klopp, Harvey Elliott’s, ” Klopp, Klopp, Tahith Chong, , Rob Edwards, , Emi Martinez, Aston Villa, Martinez, Orel Mangala’s, Ola Aina, Unai, Steve Douglas Organizations: Liverpool, Luton, Premier League, National Liberation Army, League's, Luton's, ” Luton, Nottingham Forest, Forest, Villa Locations: Papa, Colombia, Barrancas, Liverpool, Argentina
Despite kidnap agony, Diaz makes the difference for Liverpool
  + stars: | 2023-11-05 | by ( ) www.reuters.com   time to read: +1 min
LUTON, England, Nov 5 (Reuters) - Liverpool's usually effervescent Colombian striker Luis Diaz looked solemn as he sat on the substitutes' bench during his side's Premier League game at Luton on Sunday. Rather, Diaz lifted up his shirt to revel a white undertop with words in black: "Libertad Para Papa" (Freedom For Dad). "We're supporting him and feeling his pain -- but for him it's a different level," said Liverpool goalkeeper Alisson. Colombia's National Liberation Army (ELN) guerrillas have said they will release Luis Manuel Diaz, as they did Diaz's mother. He scored the goal but we need to see some improvement in Colombia."
Persons: Luis Diaz, Juergen, Rather, Diaz, revel, Alisson, Luis Manuel Diaz, Klopp, Andrew Cawthorne, Clare Fallon Organizations: Premier League, Luton, Liverpool, Colombia's National Liberation Army, Thomson Locations: LUTON, England, Colombian, Sunday, Papa, Colombia
TMS Hub offers free practice of jiu-jitsu primarily to veterans of the Russian-Ukrainian war who have suffered the loss of a limb through combat. “Being among their peers is more comfortable for them,” explained Serhii Pohosyan, co-founder of TMS Hub. Just two months into training, five veterans at the TMS Hub gym were ready for the national competition. I really enjoyed it.”At his first Ukrainian Jiu-Jitsu Championship, Oksyntiuk won a silver medal in the “para jiu-jitsu” category. Pohosyan, the TMS Hub co-founder, said the gym has specially equipped bathrooms and other facilities to ensure the comfort of disabled veterans.
Persons: , Artem Kuzmich, Kuzmich, , Serhii Pohosyan, Vasyl Oksyntiuk, ” Oksyntiuk, Oksyntiuk, Pohosyan, ” Pohosyan Organizations: Ukrainian, Belorussian, TMS, TMS Hub, Jitsu Locations: KYIV, Ukraine, Eastern Ukraine, Ukrainian, Kyiv, Russian, Bakhmut, Russia, , russia, ukraine
Paramount summits a precarious streaming peak
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +2 min
Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Nov 3 (Reuters Breakingviews) - Paramount Global (PARA.O) says it’s reached the peak of its pain from investing in costly streaming. Crucially, boss Bob Bakish indicated that investment in streaming has topped out ahead of schedule, helping to send shares up 10%. Turning around streaming losses is existential for old-guard media empires navigating the slow dwindling of cable and broadcast. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Dado Ruvic, it’s, Bob Bakish, Bakish, Walt Disney, Disney’s, Nielsen, Bakish’s, Jennifer Saba, Aston Martin, Jonathan Guilford, Aditya Sriwatsav Organizations: REUTERS, Reuters, Paramount, Yellowstone, Netflix, YouTube, Disney’s Hulu, Macquarie, Pfizer, Thomson
Paramount narrows streaming loss forecast as investments peak
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +2 min
Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 3 (Reuters) - Paramount Global shares (PARA.O) surged 10% on Friday, after the media company narrowed the 2023 loss forecast for its fast-growing streaming business as investments peaked a year ahead of target. "We now expect DTC (direct-to-consumer) losses in 2023 will be lower than in 2022 – meaning streaming investment peaked ahead of plan," Paramount CEO Bob Bakish said. Despite the industry's focus pivoting to profitability, analysts do not see a clear path to that target, with brokerage Needham believing that Paramount could be bought by a larger streaming competitor. "It is bite-size enough to be acquired by a larger streaming competitor for its deep library of film and TV content, as well as its sports rights and news assets."
Persons: Dado Ruvic, HBO Max, Bob Bakish, Needham, Samrhitha, Devika Organizations: REUTERS, Paramount Global, Disney, HBO, Rivals Walt Disney, Warner Bros Discovery, Paramount, NFL, Thomson Locations: Bengaluru
But in the end, it's fundamentals that drive earnings and earnings that drive stock prices. Looking ahead to next week, we'll get several important macroeconomic updates along with nine Club earnings reports. Economic releases Next week is Jobs Friday when we get the government's monthly nonfarm payrolls report. Club stock earnings Club name Caterpillar (CAT) reports third-quarter results before the opening bell Tuesday. DuPont (DD) is set to report earnings.
Persons: it's, we'll, nonfarm payrolls, We'll, Estee Lauder, Eli Lilly, BUD, Jerome Powell, Kraft Heinz, WEN, Papa John's, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Caterpillar, GE Healthcare, DuPont, Bausch Health, Starbucks, Apple Watch, VF Corp, GE HealthCare, Pfizer, JetBlue, Anheuser, Busch InBev, Devices, Caesars Entertainment, Cruise, CVS Health, Brinker International, Yum Brands, PayPal, Qualcomm, Mondelez, Novo Nordisk, Barrick, Penn Entertainment, Paramount Global, Marriott, Ferrari, Molson Coors, TAP, Coinbase, Natural Resources, Booking Holdings, International, Monster Beverage, Health, Resources, Dwight, Restaurant Brands, Sempra Energy, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: North America, China, New York City, U.S
The countries recognised the importance of cooperation and agreed to develop ways to protect the forests in a seven-point plan. Deforestation increased 4% worldwide in 2022, according to an October report showing countries went further off track from pledges made at the 2021 U.N. climate talks to halt and reverse loss and degradation by 2030. Over the three days of the summit in Brazzaville, experts and policymakers from countries with tropical forests discussed shared priorities ahead of the U.N. COP28 climate talks next month. They examined different funding mechanisms to help developing countries preserve their important ecosystems. Additional reporting by Alessandra Prentice; Writing by Anait Miridzhanian and Edward McAllisterOur Standards: The Thomson Reuters Trust Principles.
Persons: Ueslei Marcelino, We've, we've, Arlette Soudan, Alessandra Prentice, Anait Miridzhanian, Edward McAllister Organizations: REUTERS, European Union, Wildlife Fund, Thomson Locations: Belem , Para, Brazil, BRAZZAVILLE, Congo Republic, Congo, Southeast Asia, Republic of Congo, Brazzaville
Organisers were forced to cancel the Open Water Swimming World Cup in Paris in August after heavy rain caused the Seine's water quality to dip below minimum health standards, leaving Gubecka and other swimmers unable to compete. Swimming legs of test events for triathlon and Para triathlon were also scrapped in August over water quality concerns. "They really are considering their options and are going to try to make sure we have the best experience possible next year." Paris has been working on clean-up efforts to make the Seine swimmable again, as it was during the 1900 Paris Olympics. Bathing in the Seine has been banned since 1923, though officials have long promised to restore water quality to safe levels.
Persons: Australia's Chelsea Gubecka, Issei Kato, Chelsea Gubecka, Ian Ransom, Robert Birsel Organizations: Chelsea, Paris Olympics, Brisbane, Australia's, Games, Thomson Locations: Fukuoka, Japan, Seine, Paris, Brisbane, Melbourne
By Anthony BoadleBRASILIA (Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River. Petrobras has planned to explore in the so-called Northern Brazilian Equatorial Margin, following major discoveries in neighboring Guyana and Suriname. We have to explore for oil at the mouth of the Amazon," Pazuello said. The Parliamentary Front in Support of Oil, Gas and Energy, as the caucus is called, was launched on Tuesday with 217 members, or 42% of the lower chamber of Congress. He said the launch of the caucus received unprecedented support in Congress and was a non-partisan effort.
Persons: Anthony Boadle BRASILIA, Eduardo Pazuello, Luiz Inacio Lula da Silva's, Pazuello, Equinor, Washington Quaquá, Jair Bolsonaro, Anthony Boadle, Rod Nickel Organizations: Reuters, Petrobras, Wednesday, Mines and Energy Ministry, Gas, Energy, Lula's Workers Party Locations: Para, Guyana, Venezuela, Suriname, Brazil, Rio de Janeiro
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