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...It has so far distributed about R$35.5bn ($7bn). The UK legal case, the country’s largest-ever class action, is due to start in October....
...The São Paulo-based group, which has already struck deals to sell luxury cosmetics brand Aesop and The Body Shop this year, has considered exit strategies including a divestment of Avon International, according...
...The retailer’s declining sales continued in the third quarter, falling 13 per cent in constant currency terms to R$830mn....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...In parallel to Renova, Samarco has separately made R$2.6bn in direct compensation payments....
...Toyota has pledged to invest R$11bn ($2.2bn) in Brazil by the end of the decade, boosting president Luiz Inácio Lula da Silva’s goal to revive manufacturing in the South American nation....
...But he added that “Enel has almost doubled investments . . . to about R$1.5bn [$300mn] a year, compared with R$800mn invested by the previous concession holder....
...Most prominent among the city’s plans is a R$1bn subsidy package for companies that renovate old or abandoned buildings....
...A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...A Brazilian court has ordered iron ore producer Samarco along with its owners Vale and BHP to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...A day earlier, Toyota outlined R$11bn for its facilities in the country by the end of the decade....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment. Read more here....
...The company, which at the start of the year uncovered accounting irregularities now estimated at R$25bn ($5.1bn), said the binding agreement covered 35 per cent of its debt....
...Revenues meanwhile increased from R$140mn in 2022 to R$402mn last year. Textor says the target is to break even next year....
...After the Mariana disaster they had originally filed a lawsuit demanding R$155bn in compensation....
...Itaú BBA estimates between R$50-R$70bn in proceeds from IPOs and other equity issues in Brazil this year, with between 25 and 35 transactions....
...Of the R$1.4tn ($290bn) of investments targeted by 2026, there is to be $76bn of federal funding....
...The São Paulo-headquartered corporation has already paid out R$3.8bn in compensation, financial aid and relocation support under a redress scheme....
...Earnings before interest, tax, depreciation and amortisation stood at R$23.3mn....
...State-owned enterprises including oil producer Petrobras are expected to invest R$343bn....
...With Braskem’s São Paulo-quoted shares trading at about R$23, the stock market appears sceptical at the chances of a takeover happening....
...This month, it hit a single-day record of 153mn transactions that moved R$76bn ($15.3bn)....
...The Oscar chairs debuted in 1956 at the São Paulo Jockey Club and are named after Oscar Niemeyer....
...Most of the country’s outstanding public borrowing of R$6.1tn is funded by domestic savers in reais....
...Net income increased slightly to a record R$2.2bn ($424mn), despite a R$1.2bn provision linked to a retail chain hit by an accounting scandal that affected several other lenders in Brazil....
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