DIRS.INFO The most relevant business & tech news

☆ Brazil has made no request to U.S. about Bolsonaro, Torres -minister
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

The Brazilian Supreme Court has ordered the arrest of the former minister, Anderson Torres, who has said he would turn himself in but is now in Florida, as is Bolsonaro. Dozens of U.S. Congress members asked the United States to revoke Bolsonaro's visa after his supporters stormed Brasilia earlier this month. New Justice Minister Flavio Dino told a news conference he would wait until next week to re-evaluate Torres' case, indicating that an effort to request his extradition could happen if the former minister does not turn himself in. The arrest warrant against Torres was issued by Supreme Court Justice Alexandre de Moraes, after the storming of public buildings in Brasilia last Sunday. The former justice minister, who says he is vacationing in Orlando, claimed that the reported document was likely among others in a stack being thrown out and was "leaked" in his absence to create a "false narrative."

☆ Brazil's Lula predicts policies in place within 100 days, reassures markets
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, Jan 12 (Reuters) - Brazil's leftist President Luiz Inacio Lula da Silva said on Thursday that he plans to have policies ready within 100 days so the country "runs at normal speed" again and told financial markets they should not worry about his Workers Party government. Addressing Sunday's storming of government building in Brasilia by supporters of former President Jair Bolsonaro, Lula told reporters that "what happened was a huge warning, we won the election but fanatic Bolsonaro supporters are very dangerous." Supporters of right-wing Bolsonaro ransacked Brazil's Congress, Supreme Court and presidential palace on Sunday, calling for a military coup to overturn the October election won by Lula. "If I had to fire a minister every time they made a mistake, the turnaround would be enormous," Lula said. The 77-year-old President also said that markets should not worry about his Workers Party government.

The government of leftist President Luiz Inacio Lula da Silva bolstered security measures nationwide as flyers appeared on pro-Bolsonaro social media calling for mass demonstrations in Brazilian cities to "retake power." Ricardo Cappelli, the federal official in charge of public security in the capital since Sunday, said all security forces had been mobilized to prevent protests and that there would be no repeat of rioting. So far, 727 of the over 1,500 involved in Sunday's riots have been imprisoned. The Supreme Court on Wednesday upheld Moraes's arrest warrant for Anderson Torres, Bolsonaro's former justice minister who oversaw public security in Brasilia during Sunday's riots. The former president, whom Lula has blamed for inflaming the protests, did not mention Sunday's riots.

SAO PAULO, Jan 10 (Reuters) - Brazilian power company Eletrobras (ELET6.SA) is investigating whether the collapse of two transmission towers is related to anti-government riots on Sunday after finding signs of sabotage, according to two people familiar with the probe. The towers - one of which fell on Sunday and the other in the early hours of Monday - were operated by Eletrobras subsidiaries Furnas and Eletronorte. Eletrobras, the mines and energy ministry and regulatory agency Aneel have set up a crisis committee to monitor potential threats to Brazil's power grid, according to a third source. A third tower operated by power transmission company Evoltz also collapsed, according to a report by Brazil's National Electric System Operator (ONS) on Tuesday. Eletrobras, Furnas and Evoltz did not immediately respond to requests for comment.

☆ Brazil's 2022 inflation slows sharply, misses government target
▼ + stars: | 2023-01-10 | by ( Marcela Ayres | ) www.reuters.com time to read: +3 min

Central bank chief Roberto Campos Neto is legally required to publish a letter justifying the inflation target miss. It will be released on Tuesday, according to the central bank. That will give the central bank "more cause to delay the start of its easing cycle," Jackson said. According to IBGE, inflation last year was mainly impacted by the increased costs of food and beverages (+11.64%) and health and personal care items (+11.43%). State-run oil giant Petrobras (PETR4.SA) contributed to the disinflationary trend, adopting a series of price cuts when international oil prices settled.

☆ Brazil's Petrobras to cut natural gas prices by 11.1%
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: 1 min

Companies Petroleo Brasileiro SA Petrobras FollowSAO PAULO, Jan 10 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will cut natural gas prices by an average 11.1% starting Feb. 1, it said on Tuesday on its website. Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil must 'combat terrorism,' top court justice says after capital riots
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: 1 min

BRASILIA, Jan 10 (Reuters) - Brazilian Supreme Court Justice Alexandre de Moraes said on Tuesday the country must firmly combat "terrorism" and "anti-democratic people attempting a coup" after supporters of former President Jair Bolsonaro stormed Brasilia earlier this week. "Democracy will prevail and Brazilian institutions will not bend," said Moraes, who leads a probe into anti-democratic protests that has already yielded several arrests. Reporting by Ricardo Brito; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Bolsonaro hospitalized in U.S. with intestinal discomfort
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

RIO DE JANEIRO, Jan 9 (Reuters) - Brazil's former President Jair Bolsonaro was admitted to a hospital in Florida with intestinal discomfort due to a stabbing he suffered during the 2018 election campaign, his wife Michelle Bolsonaro said on Monday on Instagram. In Brazil, Dr. Antonio Luiz Macedo, who has been treating Bolsonaro since the stabbing, said he has an intestinal subocclusion, or blockage, but was unlikely to need surgery. Brazilian newspaper O Globo had reported earlier in the day that Bolsonaro had been suffering from abdominal pain. Bolsonaro has undergone six surgeries since his stabbing, four of them directly linked to the attack. On Sunday, Bolsonaro supporters in Brazil's capital launched the worst attack on state institutions since the country's return to democracy in the 1980s.

Speaking to reporters, Rui Costa, also a minister in Lula's cabinet, said government meetings were scheduled for Tuesday and the Finance Ministry and Management Ministry will announce measures this week. Hundreds of supporters of former President Jair Bolsonaro stormed and vandalized the Congress, the Supreme Court, and the presidential palace on Sunday. The attacks on state institutions are considered the worst since the country's return to democracy in the 1980s. The minister participated in emergency meetings with Lula and others on Monday. Reporting by Bernardo Caram; Editing by Steven Grattan, Andrea Ricci and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street is bullish on this chip giant, with Morgan Stanley giving it 55% upside
▼ + stars: | 2023-01-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The once-hot chip sector was hit hard in 2022, with the PHLX Semiconductor Sector Index falling around 37% over the year. And one name keeps coming up as a top pick: Taiwan Semiconductor Manufacturing Company (TSMC). But analysts overall remain positive, with 90% of those covering the stock giving it a buy rating, according to FactSet, and average price target upside of 37%. Morgan Stanley also named TSMC as a top pick in a December note, giving it a price target of $700, or upside of 55%. It explained that the semiconductor industry must continue to invest at a high level in order to achieve future growth, however "investment efficiency" has deteriorated.

LONDON, Jan 3 (Reuters) - Credit Suisse (CSGN.S) announced a series of staff changes on Tuesday following the departure of the co-head of its European investment banking operation, according to internal memos seen by Reuters and confirmed by a company spokesperson. Monarchi is now sole IBCM head for Europe, the Middle East and Africa (EMEA), whereas Geller has been named sole global head of M&A. Additionally, William Mansfield, head of EMEA Consumer & Retail M&A, has taken up Deasy's responsibilities as head of EMEA M&A. Deasy's exit, which was first reported by Financial News, is the latest in a string of departures as Credit Suisse embarks on a plan to cut thousands of jobs and shift its focus from investment banking towards more stable wealth management. Alongside the promotions, the Swiss lender also said it had hired Credit Agricole (CAGR.PA) banker Gen Oba as co-head of IBCM in France, Belgium and Luxembourg.

The killings of four University of Idaho students in mid-November at an off-campus residence stunned the small community of Moscow, Idaho, where investigators grappled with what the town's police chief would later describe as a "very complex" case. Nov. 13At about 1:30 a.m., Goncalves and Mogen are seen ordering from a nearby food truck, according to the truck's livestream. People place flowers at a memorial in front of a campus entrance sign for the University of Idaho in Moscow, Idaho on Nov. 16. Nov. 18Police say the victims were most likely asleep when they were slain, and some of them had defensive wounds. Nov. 30A vigil is held at the University of Idaho in honor of the victims, with some family members in attendance.

Huawei, known for its telecoms equipment and smartphones, signed or renewed over 20 patent licensing deals this year, said Steven Geiszler, the company's U.S. chief intellectual property counsel. "By getting a return on our R&D investment, it allows us to re-invest and re-invent," Geiszler said, referring to research and development. Huawei generated about $1.2 billion globally from licenses over the three years ended 2021, or roughly hundreds of millions of dollars annually, Geiszler said. Its full-year sales figures for 2022 will not be tallied until next year, and the licensing unit's profits or losses are not accounted for independently, he said. As publicly disclosed technology, the patents are not subject to the U.S. restrictions, Geiszler said.

☆ World Bank to lend $500 million to help Brazil meet climate goals
▼ + stars: | 2022-12-23 | by ( Steven Grattan | ) www.reuters.com time to read: +3 min

The initiative, in collaboration with Brazilian state-controlled lender Banco do Brasil, adopts an approach to lending linked to sustainability to help Brazil meet its climate goals and deliver "robust" mitigation benefits, a bank statement said. At the start of December, the World Bank and its partners launched a global tracking system to clean up the opaque market for carbon credits and help developing countries raise much-needed climate finance quickly and more cheaply. "Up to 90 million tCO2e in emission reductions are expected by 2030, the equivalent to about 4.5% of what Brazil needs to stay on track with its net-zero commitments," the World Bank said. "Brazil has significant potential to become a global leader in the transition to a low-carbon economy", said Johannes Zutt, World Bank country director for Brazil. Banco do Brasil will be able to offer its clients packages that integrate financing with support to access carbon markets through a “one-stop shop”, as the World Bank explained it.

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.

☆ Fund manager says a recession is ‘imminent’ — and names cheap stocks to play it
▼ + stars: | 2022-12-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The yield curve is already signaling that a recession could be on the horizon. I think that's pretty clear," fund manager Steven Glass told CNBC's "Street Signs Asia" Monday. So, we think the bond market suggests that could likely be a recession in probably the next year," Glass added. An inverted yield curve occurs when interest rates on shorter-term U.S. Treasury bonds are higher than longer-term ones. With inflation likely to remain higher-for-longer in the near term and companies facing earnings pressure, Glass said he is focusing on companies with earnings visibility.

REUTERS/Jesus HernandezEL TOCUYO, Venezuela, Dec 20 (Reuters) - Julio Perez, a 38-year-old auto mechanic, sold his car and tools to make the dangerous journey from Venezuela to the United States. But like many migrants in the two months since the United States changed its immigration policy, he opted to board a plane back to Venezuela. Sandoval trekked through muddy pathways and waste-high rivers, only to find out the news of the Title 42 policy after emerging. "To be told this news was really, really awful after everything I experienced there in the jungle," Sandoval said. Like Sandoval, Perez - who says he would never attempt to cross the Darien again - is still haunted by his journey of broken dreams.

☆ 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".

☆ 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.

☆ Nonstop partying, lavish spending, and sexual-harassment accusations: Inside the self-destruction of Pollen, the music startup once worth $800 million
▼ + stars: | 2022-12-20 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +41 min

About 400 Pollen employees were camped out in Mendocino County, California, for five straight days of partying. Two former Pollen employees told Insider that they recalled the assistant telling them about Callum's inappropriate comments at the time. (The Pollen representative said Callum and Bedi didn't date at Pollen or at any other company connected to Pollen. Out of 360 events Pollen announced over the past 12 months, 39 were canceled, the Pollen representative said. (The Pollen representative said that "out of hundreds of thousands of customers, fewer than 100 people were moderated" online.)

☆ Historic biodiversity agreement reached at UN conference
▼ + stars: | 2022-12-19 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Negotiators reached a historic deal to protect the world's lands and oceans at a United Nations biodiversity conference Monday. The agreement includes a commitment to protect 30% of land and water considered important for biodiversity by 2030, and has been coined "30 by 30." The deal was reached on the final day of the United Nations Biodiversity Conference, also known as COP15, in Montreal, Canada. We have an agreement to halt and reverse biodiversity loss, to work on restoration, to reduce the use of pesticides," Guilbeault said. 'A floor, not a ceiling'While many see the agreement as progress, some argue "30 by 30" isn't enough in itself to tackle the global biodiversity crisis.

The Kunming-Montreal Global Biodiversity Framework, reflecting the joint leadership of China and Canada, is the culmination of four years of work toward creating an agreement to guide global conservation efforts through 2030. A Congolese representative argued that developed nations should provide more resources to nature conservation efforts in developing countries. [1/6] The leadership of the U.N.-backed COP15 biodiversity conference applaud after passing the The Kunming-Montreal Global Biodiversity Framework in Montreal, Quebec, Canada December 19, 2022. Developed countries will provide $25 billion in annual funding starting in 2025 and $30 billion per year by 2030. The agreement, which contains 23 targets in total, replaces the 2010 Aichi Biodiversity Targets that were intended to guide conservation through 2020.

☆ Peru's GDP expands 2.01% in October
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

LIMA, Dec 15 (Reuters) - Peru's economy expanded 2.01% in October compared with the year before, the government's INEI statistics agency said on Thursday, accelerating its pace of growth after a 1.66% year-on-year rise the previous month. Growth in the month was fueled by "the favorable evolution of most economic sectors except for the manufacturing, telecommunications and financial" sectors, said INEI. Peru's economy expanded by 2.81% between January and October. Reporting by Marco Aquino; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ 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.

Search resuls for: "Steven G"

25 mentions found