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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....
...The retailer’s declining sales continued in the third quarter, falling 13 per cent in constant currency terms to R$830mn....
...In parallel to Renova, Samarco has separately made R$2.6bn in direct compensation payments....
...Owned by German exchange group Deutsche Börse, Eurex offers trading in products including interest rate, equity and crypto derivatives, and has been led by Michael Peters since July 2020....
...Eurex has been led since July 2020 by Michael Peters, who will retire in September after working for the Deutsche Börse group for nearly 30 years....
...A day earlier, Toyota outlined R$11bn for its facilities in the country by the end of the decade....
...Additional reporting by Costas Mourselas...
...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....
...Manulife is buying CQS, the UK credit investor founded by Lord Michael Hintze, as the Canadian insurer and money manager seeks to bulk up in the fast growing area of private credit....
...Manulife is buying CQS, the UK credit investor founded by Lord Michael Hintze, as the Canadian insurer and money manager seeks to bulk up in the fast-growing area of private credit....
...“We employ a consultancy to do our R&D claims for us because we haven’t got the time to fight the claims,” he said....
...Partners at billionaire Michael Platt’s investment firm BlueCrest Capital are liable for income tax on a pay scheme dating back to 2008 after the firm largely lost a legal battle at the Court of Appeal....
...The fortunes of ExodusPoint, whose founder Michael Gelband is another Millennium alumnus, illustrate the challenges for new entrants....
...Of the R$1.4tn ($290bn) of investments targeted by 2026, there is to be $76bn of federal funding....
...Revenues meanwhile increased from R$140mn in 2022 to R$402mn last year. Textor says the target is to break even next year....
...michael.pooler@ft.com...
...After the Mariana disaster they had originally filed a lawsuit demanding R$155bn in compensation....
...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...
...One marine insurance expert said the liability insurance payout, including bridge damage, could rival the approximately $1.5bn paid after the crash of the Costa Concordia cruise ship in 2012, a record....
...Michael Lohan, chief executive of IDA Ireland, the foreign direct investment promotion agency, told the Financial Times that new rules proposed by Brussels last year risk further widening the gap between...
...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....
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