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☆ 'Clear winner:' analyst names stocks to play the EV sector
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Clear winner:' analyst names stocks to play the EV sectorSteven Glass of Pella Funds Management shares his stocks to play the electric vehicles theme, a sector he called "one of the most exciting industrial themes of our lifetime."

Persons: Steven Glass Organizations: EV, Pella Funds Management Locations: Pella

☆ Markets are running 'too fast, too quickly' — buy these cheaper stocks instead, analyst says
▼ + stars: | 2023-06-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. stocks have been red-hot, with the S & P 500 hitting its highest level in over a year. But Steven Glass, managing director and analyst at Pella Funds Management, says U.S. markets have "run too fast, too quickly." The S & P 500 is up around 15% in the year to date, while the Nasdaq has soared about 31%. Glass said the S & P 500 earnings yield is at about 5.2% — a level similar to that of one-year Treasury bonds. That would translate to a 10 times price-to-earnings ratio for the S & P 500 — but the figure is now at 19.

Persons: Steven Glass, CNBC's, Glass, doesn't, Albemarle Organizations: Pella Funds, Nasdaq, Big Tech, CNBC, Stock, EV, China Clean Technology Locations: Pella, U.S, China

PARIS, June 20 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets. "We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days." "The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.

Persons: Le Bourget, Canada's, Binter, Rodolfo Nunez, Martyn Holmes, Porter, Holmes, Gabriel Araujo, Steven Grattan, Jan Harvey, Alexandra Hudson Organizations: Embraer, EMBR3, American Airlines, Spanish, Jets, Paris Airshow, Airbus, Boeing, Canada's Porter Airlines, JPMorgan, Air, Envoy Air, Leasing, Avolon, Sao Paulo, Alexandra Hudson Our, Thomson Locations: Sao Paulo, Paris, Sao

☆ Gerrard says not taking up Saudi coaching offer
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - Steven Gerrard said he had decided against taking up an offer to coach in Saudi Arabia following reports the former Liverpool captain was considering an offer to become coach of Saudi Pro League side Al-Ettifaq. "I was invited over there to look at a potential offer, which I did," the former England captain told Channel 4. But, as we stand right now, I won't be taking that offer up." Several high-profile names have been linked with moves to Saudi Arabia in recent months after Cristiano Ronaldo signed with Al-Nassr in December. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Steven Gerrard, Cristiano Ronaldo, Nassr, Pearl Josephine Nazare, Peter Rutherford Organizations: Liverpool, Saudi Pro League, Al, Rangers, Scottish, Aston Villa, Channel, Thomson Locations: Saudi Arabia, England, Bengaluru

SAO PAULO, June 19 (Reuters) - Electric aircraft maker Eve (EVEX.N) and Blade Air Mobility (BLDE.O) are expanding their partnership to integrate Eve's upcoming flying car into Blade's European route network, starting with France, the companies said on Monday. Eve is controlled by Brazilian planemaker Embraer (EMBR3.SA) and expects to start commercial operations of its vehicle in 2026. They did not say if the deal would involve new eVTOL purchases by Blade, whose current European operations include flying conventional helicopters between Nice and Monaco. "Extending our partnership with Eve underscores Blade's commitment to leading the transition from conventional to electric vertical aircraft," Blade Chief Executive Officer Rob Wiesenthal said. Eve CEO Andre Stein said he expected the extended partnership with Blade to allow the companies to combine expertise and resources to make travel more accessible and drive environmental improvements.

Persons: Blade, Eve, Rob Wiesenthal, Andre Stein, Azur, Gabriel Araujo, Steven Grattan, Jamie Freed Organizations: SAO PAULO, Electric, Blade Air Mobility, Brazilian, Embraer, EMBR3, Monaco, United Airlines, Royce, Heli, Thomson Locations: France, Paris, India, United States, Nice, U.S

☆ Cyclone leaves 11 dead, 20 missing in southern Brazil
▼ + stars: | 2023-06-17 | by ( Steven Grattan | ) www.reuters.com time to read: +1 min

[1/7] An aerial view shows damage and floods due to heavy rains after an extra-tropical cyclone, in Sao Leopoldo, Rio Grande do Sul state, Brazil June 17, 2023. REUTERS/Diego VaraSAO PAULO, June 17 (Reuters) - At least 11 people have been killed in Brazil's southern state of Rio Grande do Sul after an extra-tropical cyclone struck the region on Friday, according to the state's authorities. The storm caused torrential rains and helicopter searches are underway in flooded neighborhoods to find 20 others who have gone missing, the government of Rio Grande do Sul said in a press release. As of Friday night, Maquine, a municipality on the eastern coast, had received around a foot of rain, authorities said. We are rescuing people who are stranded, locating missing people and giving all the support to the families," he said.

Persons: Diego Vara, Eduardo Leite, Leite, Steven Grattan, Franklin Paul Organizations: REUTERS, Diego, Diego Vara SAO PAULO, Franklin Paul Our, Thomson Locations: Sao Leopoldo, Rio Grande do Sul, Brazil, Caraa, Rio Grande

☆ New Brazil poll shows President Lula's approval rating "stable" at 37%
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 17 (Reuters) - Brazilian President Luiz Inacio Lula da Silva entered his sixth month in office with a 37% approval rating and a 27% disapproval rating, according to a Datafolha poll released Saturday, showing a stable result compared to the same pollster's data released in March. The poll shows that 33% of those interviewed said they consider left-wing Lula as "average", while 3% had no opinion. In the previous survey, Lula had an approval rating of 38%, while 29% disapproved. Datafolha surveyed 2,010 voters in 112 municipalities across the country from June 12 to 14, and the poll has a margin of error of two percentage points. Reporting by Steven Grattan; Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Datafolha, Steven Grattan, Franklin Paul Organizations: SAO PAULO, Folha, S.Paulo, Franklin Paul Our, Thomson

☆ Brazil's Localiza launches $935.5 mln share offering to expand fleet
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 16 (Reuters) - Brazilian car rental company Localiza (RENT3.SA) said on Friday it will launch a follow-on share offering aimed at raising as much as 4.5 billion reais ($935.51 million) to expand its car fleet and service network. The primary offering will initially comprise 60.02 million new shares, Localiza said in a securities filing, but could be increased by up to 12.5% if demand allows it. Considering its closing price of 66.64 reais per share on Thursday, the offering would total around 4 billion reais, the company said. Shares of Localiza slipped around 2% after the move was announced, making it one of the biggest fallers on Brazil's Bovespa stock index (.BVSP). ($1 = 4.8102 reais)Reporting by Gabriel Araujo; Editing by Steven Grattan, Louise Heavens and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Localiza, Bradesco, BTG Pactual, Gabriel Araujo, Steven Grattan, Louise Heavens, Conor Humphries Organizations: SAO PAULO, JPMorgan, UBS Brasil, Santander, Bank of America, Banco Safra, XP, Thomson Locations: Santander Brasil

☆ Clooney Foundation sues Venezuela over alleged human rights abuses
▼ + stars: | 2023-06-14 | by ( Nicolás Misculin | ) www.reuters.com time to read: +2 min

BUENOS AIRES, June 14 (Reuters) - The Clooney Foundation for Justice has accused Venezuelan security forces of crimes against humanity against government opponents since 2014 in a lawsuit filed in Argentina on Wednesday. "We are talking about arbitrary detentions, torture, extrajudicial executions," said Ignacio Jovtis, a lawyer for the Clooney Foundation. The Clooney Foundation for Justice was founded by actor George Clooney and his wife, human rights lawyer Amal Clooney. The International Criminal Court in The Hague is investigating alleged Venezuelan human rights violations. The Argentine justice system has previously agreed to investigate alleged crimes against humanity carried out in Spain and Myanmar in the past, which prompted the Clooney Foundation to file the complaint in Buenos Aires.

Persons: Nicolas Maduro, Ignacio Jovtis, George Clooney, Amal Clooney, Jovtis, Clooney, Nicolas Misculin, Steven Grattan, Howard Goller Organizations: Clooney Foundation, Justice, Wednesday, Foundation, Criminal, United Nations, Thomson Locations: BUENOS AIRES, Venezuelan, Argentina, Venezuela, The Hague, Argentine, Spain, Myanmar, Buenos Aires

☆ Neo-Nazi groups multiply in a more conservative Brazil
▼ + stars: | 2023-06-13 | by ( Steven Grattan | ) www.reuters.com time to read: +6 min

[1/5] Items seized from a neo-Nazi group who call themselves Crew 38 are displayed in Florianopolis, Santa Catarina state, Brazil April 24, 2023. "Santa Catarina is a land of WHITE PEOPLE, FOR WHITE PEOPLE," the anonymous sender wrote, signing off with the Nazi salute "SIEG HEIL." Researchers at Sao Paulo state's Unicamp university have tracked a more than 10-fold rise in the number of neo-Nazi cells in Brazil since 2015. SOUTHERN HATEThe problem of neo-Nazism is particularly acute in Santa Catarina, a state where many have German and Italian ancestry. The state has the largest proportion of white residents in Brazil, with 84% declaring as white in the last census.

Persons: Cristiano Estrela, Andrea Muller, Jair Bolsonaro's, Adolf Hitler, Bolsonaro, Flavio Dino, CONIB, Guilherme Franco de Andrade, Bolsonaro's, Arthur Lopes, Lopes, Luis Eduardo de Quadros, de Almeida, Steven Grattan, Gabriel Stargardter, Deepa Babington Organizations: Nazi, REUTERS, Reuters, Reuters Graphics, Federal Police, Nazism, Santa, Brazil's, Sao Paulo state's Unicamp, Federal University of Mato, Blacks, Haitian, Thomson Locations: Florianopolis, Santa Catarina state, Brazil, Itajai, Santa Catarina, Haiti, Nazi, Federal University of Mato Grosso, Sul, U.S, United States, Europe

☆ The Athletic Cuts Nearly 4% of Its Newsroom
▼ + stars: | 2023-06-12 | by ( Katie Robertson | ) www.nytimes.com time to read: +1 min

The Athletic, the sports news outlet owned by The New York Times, laid off nearly 4 percent of its newsroom on Monday. David Perpich, the publisher of The Athletic, and Steven Ginsberg, its executive editor, announced “a significant reorganization” of the newsroom in a note to the staff. They said the publication was shifting away from having one beat reporter per sports team to broader coverage “telling the most compelling stories for fans across the teams in a given league, drawing on both local and national reporting expertise.”Nearly 20 people will be laid off as part of the reorganization, while more than 20 reporters will be moved to new assignments, they said. “Even with the changes being announced today, the size of our newsroom will grow this year compared to last, as will our overall investments in our editorial group in the years ahead,” Mr. Perpich and Mr. Ginsberg wrote. “At the end of this process, we will have more than 100 beat reporters on teams.”

Persons: David Perpich, Steven Ginsberg, ” Mr, Perpich, Ginsberg, “, ” Organizations: The New York Times, The Athletic

On May 25, 2005, Liverpool and AC Milan contested the Champions League final at the Atatürk Olympic Stadium, which also hosts this year’s showpiece between Manchester City and Inter Milan. What happened in the second half, however, made the 2005 Champions League final the mother of all “I was there” moments. Rafael Benítez’s men emerged for the second half looking like an entirely different team, one full of belief that played with courage and purpose. “I think the most asked question is: ‘What happened at half time?’” Hyypia said. We have to give the fans something to cheer about in the second half, many of them have traveled a long way – even in cars to Istanbul to support us.

Persons: CNN — It’s, Paolo Maldini’s, Hernan Crespo, Sami Hyypia, Carlo Ancelotti, FILIPPO MONTEFORTE, Steven Gerrard, Liverpool’s, Xabi Alonso, Rafael Benítez’s, ” Hyypia, “ I’ve, I’ve, ‘, Rafa Benítez, “, ”, Gerrard, gee, – Hyypia, Hyypia, Jerzy, Dudek, Andriy, Shevchenko, Jerzy Dudek, MUSTAFA OZER, Dida, Xabi, ” Dida Organizations: CNN, “ Istanbul ”, AC Milan, Champions League, Manchester City, Inter Milan, Liverpool, League, CNN Sport, ”, Milan, Getty, Reds, AFP, Man City, Inter Locations: Liverpool, Istanbul, ’, Milan, Italian, AFP

☆ Brazil lifts 2023 growth outlook thanks to booming farm sector
▼ + stars: | 2023-06-01 | by ( Marcela Ayres | ) www.reuters.com time to read: +3 min

BRASILIA, June 1 (Reuters) - Brazil's economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates. Gross domestic product (GDP) expanded by 1.9% in the three months through March after a revised 0.1% drop in the prior quarter, data from government statistics agency IBGE showed on Thursday. The Brazilian real strengthened 0.5% against the U.S. dollar and the benchmark Bovespa stock index (.BVSP) rose 0.6%. Goldman Sachs adjusted its 2023 GDP growth forecast to 2.6% from 1.75% after the first-quarter data, citing the additional help of net exports and inventory accumulation. XP economists indicated an upward revision of their current 1.4% growth outlook, forecasting market expectations to keep rising to the range of 2.0% to 2.5%.

Persons: Simone Tebet, Goldman Sachs, Luiz Inacio Lula da Silva, Lucas Toro, Toro Investimentos, Roberto Campos Neto, Marcela Ayres, Bernardo Caram, Brad Haynes, Steven Grattan, Sriraj Organizations: Gross, IBGE, U.S ., Finance Ministry, Thomson Locations: BRASILIA, Brazilian

☆ Brazil's Moreira Salles family launch bid for Alpargatas shares
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, May 22 (Reuters) - An investment firm backed by Brazil's Moreira Salles family has decided to launch a tender offer to buy an additional stake in Alpargatas SA (ALPA4.SA), the shoemaker said on Monday, driving its shares higher. MS Alpa is controlled by the owners of holding firm Cambuhy and investment fund Alpa, linked to the billionaire Moreira Salles family, which are already part of Alpargatas' control block with a total stake of about 28%. Other major shareholders in the company include investment firm Itausa SA (ITSA4.SA) and Silvio Tini. Shares in Alpargatas, which were down roughly 40% so far this year, jumped more than 17% after the announcement, their second largest daily rise in the last two years, as market participants praised the offer. ($1 = 5.0033 reais)Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

[1/2] A logo of Brazil's state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio MoraesSAO PAULO, May 18 (Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near Amapá, in a much-awaited decision that followed a technical recommendation by Ibama experts to reject the project. The decision by Ibama, which is overseen by Lula's environment minister, the globally recognized environmentalist Marina Silva, has riled some within the governing coalition. "We'll fight against this decision," Rodrigues wrote on Twitter, adding that "the people of Amapa want to have the right to be heard".

It is the 10th time she has boarded this first-of-its-kind project, known as the cultural center on wheels. "Its main purpose is to try to decentralize and make access to the arts more reachable", said the project's organizer, Anderson Mauricio. Paula Santos, young students, middle-aged commuters, a homeless man, all boarded the day Reuters visited. It couldn't be more beautiful," Paula Santos said. Reporting by Steven Grattan and Leonardo Benassatto in Sao Paulo; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Petrobras scraps fuel import parity policy, shares rise
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, May 16 (Reuters) - Brazil's state-run oil giant, Petrobras (PETR4.SA), has approved a new commercial strategy to set diesel and gasoline prices, it said on Tuesday, ditching its previous import parity policy without revealing a specific fresh pricing formula. "The end of pricing parity is not good, but this was already expected." "The new policy scraps the 'import parity' terminology, but in our view it has not changed materially," Credit Suisse analyst Regis Cardoso said. The import parity policy was adopted in 2016 by former President Michel Temer. People close to Lula celebrated the announcement, with his Mines and Energy minister, Alexandre Silveira, telling reporters the policy would not impose as much volatility as the import parity used to.

The new pricing system scraps a so-called fuel import parity policy that more closely aligned prices at the pump with the oil market and exchange rates. In a research note, JPMorgan (JPM.N) described the reworked pricing policy as "more friendly than investors expected." The policy shift will be tested when oil prices rise, and apply upward pressure on what consumers can expect to pay for motor fuels or LPG. Petrobras' new pricing policy also came under criticism from some as too opaque. The previous pricing policy was adopted seven years ago by conservative former President Michel Temer.

☆ Brazil's Americanas looking for buyer for stake in Grupo Uni.co
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, May 15 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA), which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to prospect parties interested in buying its stake in Grupo Uni.co. Americanas, which has the billionaire trio that founded 3G Capital as reference shareholders, said in a securities filing it had hired Citigroup (C.N) as financial advisor to conduct the process, launched as part of its reorganization plan. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

SAO PAULO, May 9 (Reuters) - Renowned Brazilian rock singer and songwriter Rita Lee, an icon of the Tropicalia artistic movement, died on Tuesday after a two-year battle with lung cancer, her family said. Her death brought an outpouring of tributes from artists, politicians and celebrities who cheered her trailblazing role in Brazilian rock. Rita Lee Jones de Carvalho was born on Dec. 31, 1947, in Sao Paulo, to a dentist of U.S. descent and a Brazilian pianist with Italian ancestry. Kicked out of Os Mutantes by Baptista, whom she had been married to, for supposed artistic differences, Lee played with the band Tutti Frutti in the 1970s. Rita Lee was diagnosed with lung cancer in 2021 and had been undergoing treatment since then.

☆ Salah on verge of becoming top-scoring Egyptian of all time
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Liverpool forward Mohamed Salah will become the highest scoring Egyptian of all time if he scores against Brentford in the Premier League at Anfield on Saturday. Salah has scored 185 times for Liverpool since joining the Merseyside club in 2017 and will catch former captain Steven Gerrard, the fifth-highest scorer in Liverpool history, with another goal. Egypt's 30-year-old skipper Salah is Liverpool's record Premier League scorer with 136 goals. Salah's other club goals came at AS Roma (34), Fiorentina (9), Chelsea (2), Basel (20) plus 12 for his childhood club Al-Mokawloon Al-Arab. Liverpool are fifth in the Premier League standings on 59 points, four behind fourth-placed Manchester United who have a game in hand in the race for Champions league places.

☆ South Africa Allowed Russian Plane Under U.S. Sanctions to Land at Base
▼ + stars: | 2023-05-04 | by ( Lynsey Chutel | John Eligon | ) www.nytimes.com time to read: +1 min

JOHANNESBURG — South African officials allowed a cargo plane targeted by U.S. sanctions for supporting Russia’s military efforts to land at an air force base near the capital, Pretoria, last week, a move that could further increase tensions with the United States. U.S. officials previously said the plane has been known to ship weapons for Russia’s defense forces. South Africa’s Department of Defense said in a statement on Wednesday that the plane had been delivering diplomatic mail for the Russian Embassy. South African officials have declined to say precisely what was loaded on to and taken off the plane. South Africa’s decision to let the aircraft land runs counter to American efforts to isolate Russia because of its invasion of Ukraine.

☆ Canada opens formal investigation into Imperial's oil sands tailings leak
▼ + stars: | 2023-05-04 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

CALGARY, Alberta, May 4 (Reuters) - Canada's federal environment ministry on Thursday opened a formal investigation into a months-long tailings leak at Imperial Oil's (IMO.TO) Kearl oil sands mine in northern Alberta, signalling a potential prosecution. Tailings, a toxic mining by-product containing water, silt, residual bitumen and metals, have been seeping from Imperial's site since last May, angering local Indigenous communities who hunt and fish on the lands downstream from Canada's oil sands mines. The company first discovered discolored water on its Kearl site in May 2022 and informed the AER and some local Indigenous communities, but failed to update those communities when testing showed the water contained tailings. Canada's Tourism Minister Randy Boissonnault, one of only two Liberals lawmakers in Alberta, said the Kearl leak and poor communication was "simply unacceptable". "It's unjust for Indigenous communities that are living downstream to have questions about their drinking water table and the health of the natural environment."

[1/2] Former Brazilian President Jair Bolsonaro leaves his home following a search operation, in Brasilia, Brazil, May 3, 2023. REUTERS/Adriano MachadoBRASILIA, May 3 (Reuters) - Brazilian police on Wednesday raided former President Jair Bolsonaro's home and seized his cell phone as part of an investigation into his COVID-19 vaccination records. The investigation may answer questions about how Bolsonaro, a strident coronavirus skeptic who vowed never to get a COVID vaccine, was registered as vaccinated in health records made public in February. Bolsonaro confirmed the raid on his home in Brasilia to journalists and reiterated that he had never taken a COVID vaccine. Police said they were investigating "false data" allegedly added to a national COVID-19 database between November 2021 and December 2022, when Bolsonaro was president.

☆ Brazil working on payment solution for exports to Argentina, says minister
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, May 2 (Reuters) - Brazilian Finance Minister Fernando Haddad said on Tuesday that the country is working on a solution to ensure that Brazilian exporters are paid for sales to Argentina, which is currently facing a severe economic crisis and a shortage of U.S. dollars. Argentina is Brazil's third largest trading partner after China and the United States. "We are trying to find a mediated solution," he said, adding that it "necessarily" involves the granting of collaterals by Argentina, which are being currently studied. Haddad will take part in a meeting between Brazilian President Luiz Inacio Lula da Silva and Argentine Alberto Fernandez later on Tuesday. Brazil also decided to recently simplify procedures of the local currency payment system (SML), an infrastructure that brings together the central banks of Brazil, Argentina, Paraguay and Uruguay.

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