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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....
...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....
...Net revenue at Avon International fell to about R$1.46bn ($295mn) in the third quarter, down 2.3 per cent year on year on a constant currency basis with higher pricing offsetting an expected shortfall in...
...Stellantis has unveiled a R$30bn (US$6bn) programme to upgrade car production in Brazil, joining a $14bn wave of investment pledges by global carmakers in Latin America’s largest economy this year....
...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....
...Mining group BHP has been ordered to hand over historic employment details for staff including its chief executive Mike Henry as part of a legal battle over one of Brazil’s worst environmental disasters....
...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....
...R$69bn....
...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....
...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment. Read more here....
...Among the chain’s top creditors are some of Brazil’s largest banks. The plan go to a vote at a creditor meeting on December 19....
...Following Israel Katz’s extraordinary step, Brazil rejected the Israeli minister’s remarks as “revolting” and accused him of lying about Lula’s comments, which had been made at an African summit....
...john.gapper@ft.com...
...Chinese automaker BYD last year announced it will begin producing electric cars in northeastern Brazil as part of a R$3bn investment....
...Total turnover in Brazil’s first division was R$6.9bn (€1.3bn) in 2022, found a study by the consultancy Convocados — well below the revenues earned by the top five leagues in Europe....
...A judge also recently ruled the government of Alagoas — one of Brazil’s poorest states, which claims it suffered an impact of R$35.8bn from the disaster — was owed compensation with the amount to be calculated...
...Samarco is a venture controlled 50-50 by Brazil’s Vale and Australian group BHP. It restarted operations and the production of iron ore pellets in Brazil at the end of 2020....
...john.thornhill@ft.com...
...Jindal said the venture depended on MG for technology and that it wanted to, by 2030, “totally indigenise, even the R&D”....
...It is planning a R$21bn (US$4.3bn) green H2 investment at the Suape port in Pernambuco state. “We will be competing with other countries that offer highly competitive scenarios.”...
...Pre-salt production rose from 41,000 b/d in 2010 to 2.3mn last year, fuelling record annual profits of R$188bn (US$39bn) and dividends of R$216bn at the company....
...Earnings before interest, tax, depreciation and amortisation stood at R$23.3mn....
...“It’s under analysis with a view to strengthening the petrochemicals industry in Brazil,” the person said....
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