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Brazil's BTG Pactual plans $574 mln share offering

BTG PACTUAL SA-NEWISSUE/:Brazil's BTG Pactual plans $574 mln share offering ....

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Lula's revival suits Bolsonaro, but Brazil 2022 is a different match

Lula's revival suits Bolsonaro, but Brazil 2022 is a different match
nationalpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalpost.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 3-Board of Petrobras approves shareholders' meeting; end of the line for CEO

Gram Slattery, Marta Nogueira, Sabrina Valle
4 分钟阅读
(Adds information on fading executive rebellion, shareholders’ meeting)
RIO DE JANEIRO, Feb 23 (Reuters) - The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders’ meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.
In a statement, Petroleo Brasileiro SA, as the company is officially known, said it had called the meeting in response to a request by the nation’s Mines and Energy Ministry.
At the meeting, shareholders are expected to formalize the replacement of Castello Branco with Joaquim Silva e Luna, a general picked by President Jair Bolsonaro. ....

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UPDATE 1-Brazil's Petrobras rebounds as board meets on succession

The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco. ....

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World Bank sees growth flagging in Bolsonaro's 'broke' Brazil

2 Min Read
SAO PAULO, Jan 5 (Reuters) - Brazil’s economy is likely to grow 3% in 2021 and less next year, the World Bank said on Tuesday, as stimulus fades and the country struggles to recover output lost in the pandemic.
The World Bank’s forecast for Brazil’s 2021 gross domestic product (GDP) is 0.8 percentage point higher than its June estimate, but not enough to offset a likely 4.5% drop in 2020 amid the world’s worst COVID-19 death toll outside the United States.
Pressed by supporters outside the presidential palace on Tuesday asking for economic relief, Bolsonaro scowled.
“Brazil is broke, boss,” he said. “I can’t do anything.” ....

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