DIRS.INFO The most relevant business & tech news

Among Thursday's highlights were Marina Silva for environment minister and Senator Simone Tebet as planning and budget minister. Lula gave them key positions after they provided crucial endorsements for his narrow Oct. 30 election victory over outgoing President Jair Bolsonaro. One of Brazil's best-known environmentalists, Silva previously held the same ministerial position for five years during Lula's first term as president, overseeing a significant drop in deforestation. "She played an extremely important role in the campaign," Lula said of Tebet, who will oversee Brazil's budget and set up a multiannual plan with goals for the administration. Lula, who had previously disclosed 21 of the future ministers, also tapped other moderate figures to his cabinet in order to secure support in Congress.

[1/5] Federal prison officers take position in front of federal police headquarters during an action by Federal Police and agents of the Civil Police of Brasilia, to serve arrests and seizure warrants issued by the Federal Supreme Court in Brasilia, Brazil, Brazil December 29, 2022. REUTERS/Adriano MachadoBRASILIA, Dec 29 (Reuters) - Brazilian police said they arrested four people and carried out nationwide raids on Thursday in investigations into an alleged coup attempt during riots by supporters of defeated far-right President Jair Bolsonaro. Brazilian authorities, led by the Supreme Court, have been cracking down on a small but committed minority of Bolsonaro supporters who refuse to acknowledge leftist President-elect Luiz Inacio Lula da Silva's election victory and are calling for a military coup. The federal police said on Thursday they were serving 32 search and arrest warrants in eight states under Supreme Court orders. Two arrest warrants were served in the northwestern state of Rondonia, one in Rio de Janeiro and one in Brasilia, Mazzotti said in a press conference.

☆ Brazil's Lula announces new set of cabinet members with VP as minister
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva on Thursday announced a new set of future cabinet members ahead of his Jan. 1 inauguration, including Vice President-elect Geraldo Alckmin as minister of development, industry and trade. Lula also said economist Esther Dweck would lead the newly created Management Ministry, while business-friendly congressman Alexandre Padilha was appointed institutional affairs minister. Reporting by Gabriel AraujoOur Standards: The Thomson Reuters Trust Principles.

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.

☆ Brazil's Lula talks to Putin, says he seeks 'dialogue with everyone'
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 20 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Tuesday he has spoken with Russian President Vladimir Putin, noting that Putin wished him a good administration and said he hoped that relations between the two countries would be strengthened. "Brazil is back, seeking dialogue with everyone and committed to the search for a world without hunger and with peace," Lula, who will take office from incumbent Jair Bolsonaro on Jan. 1, said in a Twitter post. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Lula, Putin talk on 'strategic' Brazil-Russia relations
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Dec 20 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Tuesday that Russian President Vladimir Putin had congratulated him on his recent election win and talked of stronger relations between the two countries. Putin said earlier this year he had "good relations" with both Lula and far-right incumbent Jair Bolsonaro, who made an official trip to Moscow in February, just days before the start of the war in Ukraine. "Putin congratulated me on my election victory and wished me a good administration and the strengthening of relations between our countries," the leftist leader tweeted. "Brazil is back, seeking dialogue with everyone and committed to the search for a world without hunger and with peace," Lula added. In a separate statement, the Kremlin said both men had expressed confidence that the countries' "strategic partnership...will develop successfully, including within the BRICS framework".

☆ Eletrobras, Shell mull co-investment in Brazil offshore wind power
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 15 (Reuters) - Brazilian power company Eletrobras (ELET6.SA) said on Thursday it has signed a cooperation agreement with Shell (SHEL.L) as they exchange information for a potential co-investment in offshore wind power in Brazil. Centrais Eletricas Brasileiras SA, as the company is formally known, said the move was part of its diversification strategy in renewable energy. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Canada certifies Embraer's E2 jets ahead of first Porter Airlines delivery
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 15 (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday that its E2 family of commercial jets has received Type Certification from Canada's aviation regulator. The move opens room for Embraer to deliver in the coming days the first of fifty E195-E2 aircraft ordered by Toronto-based Porter Airlines. The E2 jets had already been granted certification by regulators in Brazil, the United States and Europe. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Oi exits bankruptcy protection after more than 6 years; shares jump
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Dec 15 (Reuters) - Shares in Brazilian telecom firm Oi SA (OIBR4.SA) soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that lasted more than six years. Oi filed in June 2016 for Brazil's then-biggest ever bankruptcy protection after running out of time to reorganize operations and restructure a multibillion-dollar debt amid a harsh recession in Latin America's largest economy. After the announcement, common shares in Oi jumped as much as 53% to 0.26 real in morning trading. Analysts at Genial Investimentos said the move was positive for the firm, even though they still thought Oi was financially weakened. Guide Investimentos echoed the concern and noted that despite being postponed several times, the end of the bankruptcy protection was already expected.

☆ Petrobras shares dive on Brazil vote to ease rules on politicians running state firms
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Dec 14 (Reuters) - Brazil's lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms, hammering shares of the state-run oil company, devastated by a political graft scandal over the past decade. Shares in state-run oil company Petroleo Brasileiro SA (PETR4.SA) (Petrobras) closed 10% lower on Wednesday. Analysts at BTG Pactual said the revised law would be bad for governance at state-owned firms as it eliminates one of their main mechanisms of defense from political influence. Incoming Finance Minister Fernando Haddad did his best to downplay the looser controls on politicians running state firms, saying the most important way to fight corruption is with strong, independent auditors. Reporting by Eduardo Simoes, Carolina Pulice and Marcela Ayres; Writing by Steven Grattan and Gabriel Araujo; Editing by Brad Haynes, Mark Potter and Lincoln Feast.

☆ 'We are on this journey together': Pele backs Brazil in World Cup match
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

"I'll watch the game from here at the hospital and I'll be rooting for each one of you," Pele said. Brazil's players returned the support after their 4-1 thrashing of South Korea, unfurling a banner on the pitch with a photo of the soccer great after his 1970 World Cup win that simply read: "Pele!" Pele played for Brazil and club sides Santos and New York Cosmos as a striker. He helped lead his country to three World Cup championships - in 1958, 1962 and 1970 - a feat no other player has achieved. Brazil are seeking to win a record-extending sixth world title in Qatar.

☆ MercadoLibre files complaints against Apple for 'anti-competitive practices'
▼ + stars: | 2022-12-05 | by ( Andre Romani | ) www.reuters.com time to read: +3 min

SAO PAULO, Dec 5 (Reuters) - E-commerce giant MercadoLibre Inc (MELI.O) said on Monday it has filed complaints against Apple Inc (AAPL.O) with antitrust regulators in Brazil and Mexico for anti-competitive practices, accusing the U.S.-based firm of abusing what it called a monopoly in the distribution of apps for its devices. MercadoLibre said the complaints against Apple had been filed before Brazil's antitrust watchdog CADE and Mexico's Federal Telecommunications Institute and Federal Economic Competition Commission. Apple declined to comment in Brazil and did not immediately respond to a Reuters request for comment in the United States. Nasdaq-listed MercadoLibre is one of Latin America's largest companies, with a market capitalization of $47.53 billion, according to Refinitiv data. Cohen Imach said the e-commerce giant tried "unsuccessfully" to negotiate with Apple.

☆ Brazil's Vinicius Jr looking to terminate Nike deal, report says
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Nike swoosh logo is seen outside the store on 5th Avenue in New York, New York, U.S., March 19, 2019. REUTERS/Carlo AllegriSAO PAULO, Dec 4 (Reuters) - Brazil's Real Madrid forward Vinicius Jr is trying to terminate his sponsorship agreement with Nike Inc (NKE.N), website UOL reported on Sunday, saying the player feels he has been getting unfair treatment from the U.S.-based company. Vinicius Jr, who is currently with the national team at the Qatar World Cup, has contacted lawyers to seek litigation aimed at ending the deal that runs until 2028, the report said. Nike did not immediately respond to requests for comment outside business hours. The 22-year-old Vinicisu Jr has been one of Nike's biggest assets in Brazil, who are also sponsored by the U.S. sportswear maker, after the company terminated its endorsement deal with Neymar in 2021.

☆ Brazil soccer legend Pele says he remains 'strong' amid cancer battle
▼ + stars: | 2022-12-03 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

loading"I'm strong, with a lot of hope and I follow my treatment as usual," Pele said. Pele, one of the greatest footballers of all time if not the greatest, was admitted to hospital on Tuesday to re-evaluate his cancer treatment. He had a tumor removed from his colon in September 2021 and has been receiving hospital care on a regular basis. The newspaper also said he had a general swelling and cardiac issues when admitted to hospital earlier this week, as previously reported by ESPN Brasil. On Thursday, Pele said in an Instagram post that he was at the hospital for a "monthly visit".

☆ Musk says 'possible' that Twitter gave preference to leftists during Brazil election
▼ + stars: | 2022-12-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Electronic voting machine is seen during the digital signature and sealing operation of the electoral systems that will be used in the Brazilian presidential election in Brasilia, Brazil August 29, 2022. REUTERS/Adriano Machado/File PhotoSAO PAULO, Dec 3 (Reuters) - Twitter owner Elon Musk said on Saturday he thought it was "possible" that personnel at the social media firm gave preference to left-wing candidates during Brazil's election this year, without providing evidence. "I've seen a lot of concerning tweets about the recent Brazil election," Musk wrote on Twitter when asked by a user about elections possibly "handled" by the company's previous management. "If those tweets are accurate, it's possible that Twitter personnel gave preference to left wing candidates," added the billionaire. Both Lula and Bolsonaro widely used Twitter during their campaigns.

☆ Brazil's Lula mulls U.S. trip before January inauguration
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Dec 2 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva said on Friday he is considering traveling to the United States to meet President Joe Biden after his election victory is certified this month. Lula told reporters in Brasilia that he wanted to discuss a series of issues with Biden, including the Ukraine War, and may travel to the United States before his inauguration on Jan. 1. "I want to talk to him about Brazil-U.S. relations, Brazil's geopolitical role in the world, the war in Ukraine - there is no need for a war," Lula said. "The damage Trump has done to U.S. democracy is the same damage that Bolsonaro has done to Brazil's. They have the same behavior," said Lula, who is set to meet with two U.S. envoys on Monday in Brasilia to discuss possible dates for his trip.

☆ Mexico economy grows 0.9% in Q3 but momentum seen easing on tighter conditions
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

Nov 25 (Reuters) - Mexico's economy grew 0.9% in the third quarter from the previous three-month period, national statistics agency INEGI said on Friday, boosted mainly by the primary sector and despite an ongoing aggressive monetary tightening cycle. Repeating a trend seen in the previous quarter, Latin America's second-largest economy posted across-the-board growth in the period, with primary, secondary and tertiary sectors expanding 2%, 0.6% and 1.1%, respectively. Tighter monetary conditions, however, are seen slowing down Mexico's GDP growth ahead, and President Andres Manuel Lopez Obrador has recently asked the central bank to balance fighting inflation with the need to protect economic growth. In annual terms, INEGI said, the country's economy expanded 4.3% in the third quarter compared to a year earlier, beating expectations of 4.1% growth from economists polled by Reuters. Separately, data showed on Friday that Mexico's economic activity grew 0.7% in September from August and 5.2% from September of 2021, both also ahead of market projections.

☆ Mexico core inflation higher than expected in early Nov, rate hikes to continue
▼ + stars: | 2022-11-24 | by ( Gabriel Araujo | ) www.reuters.com time to read: +2 min

MEXICO CITY, Nov 24 (Reuters) - Mexico's annual consumer prices slowed more than expected during the first half of November, but the core inflation index - which remains a main concern in the country as it grapples with high costs - came in above market forecasts. Data from national statistics agency INEGI showed on Thursday that annual headline inflation in Mexico hit 8.14% in the period, down from 8.53% a month ago and also below consensus of 8.24% in a Reuters poll of economists. The latest inflation figures backed expectations that the local central bank, known as Banxico, would keep hiking interest rates. "Overall, headline inflation continues to edge down in Mexico, but core inflation remains sticky, which will continue to keep policymakers uneasy," said Pantheon Macroeconomics' chief Latin America economist, Andres Abadia. On a monthly basis, Mexico's headline inflation rose 0.56% while the core index was up by 0.34% in mid-November, the statistics agency said.

☆ Canada house prices to tumble 17.5% peak to trough, say analysts
▼ + stars: | 2022-11-24 | by ( Indradip Ghosh | Gabriel Araujo | ) www.reuters.com time to read: +4 min

House prices need to fall 25% from peak to trough in order to make them affordable, according to the median response to an additional question. Reuters Poll - Canada housing market outlookThat was in line with BoC Senior Deputy Governor Carolyn Rogers who said this week house prices needed to fall to restore balance to the housing market. A majority of property market experts said the risk of a crash in house prices was low. During the financial crisis, U.S. house prices crashed as much as around 40% but the Canadian market fell only 9% then. "In more 'normal' times before the pandemic, a 30% drop in house prices would be considered a crash.

☆ SocGen and Alliance Bernstein to launch global equities venture
▼ + stars: | 2022-11-22 | by ( Gabriel Araujo | ) www.reuters.com time to read: +1 min

PARIS, Nov 22 (Reuters) - Societe Generale (SOGN.PA), France's third-biggest listed bank, and U.S. investment management company Alliance Bernstein (AB.N) plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday. SocGen plans to take a 51% interest in the venture, with an option to take 100% ownership after five years, the French bank said, adding that the business would boost its profit from 2025 onwards. The joint venture will be run as a long-term partnership under the Bernstein name and will be headquartered in London. Robert van Brugge, CEO of Bernstein Research Services, will become CEO of the new entity for an initial term of five years, with Stephane Loiseau, head of SocGen's cash equities business, becoming his deputy. Reporting by Sudip Kar-Gupta Editing by Kirsten Donovan and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

But it's much higher compared to the U.S. companies' issuance of $17.3 billion and Europe's $16.4 billion so far. Internally, China has a lower inflation environment and loosening monetary policy, equity market valuation is more resilient," said Mandy Zhu, head of China Global Banking - UBS. OVERSEAS LISTINGS DROPHowever, Chinese companies' listings overseas have dropped sharply this year. The data showed that IPO issuances on the mainland fell just 11%, while Chinese listings in U.S. and Europe slumped 97% and 81%, respectively. She added that a recovery in the U.S. market listings will take a longer time, given the uncertainty over U.S.-China relations.

SAO PAULO, Nov 22 (Reuters) - A journalist covering the soccer World Cup in Qatar on Tuesday said local police hassled him outside a stadium after a regional Brazilian flag was mistaken for an LGBTQ pride flag. He told Reuters that a man wearing a traditional white dress mistook it for the LGBTQ community's rainbow flag when he was leaving the Lusail Stadium after Saudi Arabia's shock 2-1 win over Argentina. "This guy wearing a white dress grabbed the flag, threw it on the ground and started stomping on it. I took my phone to record a video but he grabbed it from my hand and said he would only give it back if I deleted the video," Pereira said. A U.S. journalist said he was briefly detained on Monday when he tried to enter a World Cup stadium in Qatar while wearing a rainbow shirt in support of the LGBTQ community, also claiming his phone was seized.

☆ Malaysia's TIME sells data centre stake to DigitalBridge for $440 mln
▼ + stars: | 2022-11-22 | by ( Gabriel Araujo | ) www.reuters.com time to read: +1 min

SINGAPORE, Nov 22 (Reuters) - Malaysian telecoms firm TIME dotCom (TCOM.KL) is selling a major stake in its data centre business to U.S. infrastructure investor DigitalBridge Group (DBRG.N) for about 2 billion ringgit ($437.64 million), the companies announced on Tuesday. TIME will sell 49% of the ordinary shares and 100% of the irredeemable convertible preference shares in AIMS Data Centre Holding, and 21% of the ordinary shares in AIMS Data Centre (Thailand), according to the statement. Proceeds from the stake sales will be partly used by TIME to pay a special dividend of up to 1 billion ringgit to its shareholders, TIME's Commander-in-Chief Afzal Abdul Rahim said in the statement. The deal gave the AIMS business an enterprise value of 3.2 billion ringgit and compares to the 119 million ringgit TIME paid to buy it in 2012, according to the company. AIMS' current book value is 240 million ringgit.

☆ Italy's Cucinelli and EssilorLuxottica sign eyewear license accord
▼ + stars: | 2022-11-21 | by ( Gabriel Araujo | ) www.reuters.com time to read: +1 min

[1/2] Glasses manufactured by EssilorLuxottica, stand on display in their exhibition space at SILMO in Villepinte, near Paris, France September 24, 2022. REUTERS/Benoit TessierMILAN, Nov 21 (Reuters) - Brunello Cucinelli (BCU.MI) signed an exclusive license deal with French-Italian glasses maker EssilorLuxottica (ESLX.PA) for the design, manufacture and distribution of eyewear under the Italian luxury group's brand, the two companies said in a statement on Monday. The new ten-year agreement will be effective from next January, while the first collection of glasses will be launched in the first quarter of 2024. The deal is an extension of the current collaboration between the two firms that began in 2021, including a capsule collection signed by Brunello Cucinelli and EssilorLuxottica's exclusive brand Oliver Peoples, they added. Reporting by Cristina Carlevaro editing by Federico MaccioniOur Standards: The Thomson Reuters Trust Principles.

☆ Penguin Random House scraps $2.2 bln deal to merge with Simon & Schuster
▼ + stars: | 2022-11-21 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

REUTERS/Stefan Wermuth/File PhotoWASHINGTON, Nov 21 (Reuters) - Penguin Random House, the world's largest book publisher, and rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann (BTGGg.F) said in a statement. But Bertelsmann said in a statement on Monday that it "will advance the growth of its global book publishing business without the previously planned merger of Penguin Random House and Simon & Schuster." Paramount said on Monday that Simon & Schuster was a "non-core asset" to Paramount. Penguin writers include cookbook author Ina Garten and novelists Zadie Smith and Danielle Steele, while Simon & Schuster publishes Stephen King, Jennifer Weiner and Hillary Rodham Clinton, among others. The top five publishers are Penguin Random House, HarperCollins, Macmillan, Simon & Schuster and Hachette, with Walt Disney Co (DIS.N) and Amazon.com Inc (AMZN.O) also in the market.

Search resuls for: "Gabriel Araujo"

25 mentions found