They can also price their books and receive payments in
Brazilian Reais for their sales in Brazil, all while retaining control of their content and copyrights.
Some 150 members of the Ermirio de Moraes family will get some 750 million
reais in dividends this year, the company said.
** Brazilian electricity company Energisa said on Thursday its board has approved a bid to buy Eletropaulo, Brazil's largest power distribution company, for 19.38
reais per share.
Common shares of Embraer rose on the reported details of the proposed venture with Boeing and closed 5.2 percent higher at 22
reais on the Sao Paulo stock market.
Votorantim net debt dropped 16 percent to 12.4 billion
reais at the end of 2017.
Despite weaker cement sales, Votorantim's net revenue rose by 5 percent to 27.2 billion
reais last year due to higher metal and energy prices.
BRAZIL - With crisis, comes opportunity, especially for quality exporters, thanks to the
cheap Reais currency.
The federal government has authorized the institute to spend less than half of its planned 220 million
reai budget this year, withholding the rest as «contingency funds.»
Amongst his solo shows, we can highlight Coqueiro Chorão, Ibid Projects (London, 2014), Colisão de
Sonhos Reais em Universos Paralelos, Fundação Manuel Antonio da Mota (Porto, 2013) and Handle with Care, Galpão Fortes Vilaça (São Paulo, 2010).
National credit cards, which can only be processed in
Brazilian Reais (BRL), are more common in Brazil than international credit cards — but during the World Cup, Airbnb only accepted the latter.
Local player Energisa had also submitted a bid but said on April 19 it would not raise its bid beyond its initial 19.38
reais per share offer.
If you haven't done so already, head to your
local REAI and ask around for an agent referral.
Neither Apple nor Samsung responded to requests for comment on the bands, which are selling for 296
reais ($ 92.80) each — and only from the U.S. tech giant's store in Barra de Tijuca.
BRF's credit metrics have dramatically deteriorated over the past two years, with net debt more than doubling since 2015 to 13.3 billion
reais ($ 4.1 billion) after the company spent $ 1.3 billion in acquisitions to expand overseas while profits tumbled in its home country.
About 9 billion
reais in debt are due in 2018 and 2019, including 500 million reais in notes maturing in May, according to the latest financial statements.
The Brazilian currency rose 0.7 percent to 3.24
reais a dollar.
Ride - hailing service Uber inaugurated a support center in Brazil's biggest city on Tuesday with plans to invest 200 million
reais ($ 62 million) and create 2,000 jobs, underscoring an aggressive growth strategy in Latin America's biggest nation.
Gonçalves ordered the tech giant to pay one driver approximately 30,000
reais ($ 10,000) in compensation to cover overtime hours, night shifts, holidays, and other expenses.
In 2017, Votorantim posted net income of 810 million
reais ($ 242 million), compared with a loss of 1.3 billion reais the year before due to a large asset impairment.
Adjusted EBITDA, a gauge of operational profit excluding one - time effects, rose 12 percent to 4.8 billion
reais.
($ 1 = 3.34
reais)(Reporting by Carolina Mandl Editing by Jeffrey Benkoe)
Monsanto will join a Brazilian investment fund with up to 300 million
reais ($ 92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said.
Selected ideas will receive initial funding of up to 1.5 million
reais ($ 459,000) for early development.
The bank's time deposits grew 37 percent in the quarter and reached 12.8 billion
reais ($ 3.6 billion) in March, the first double - digit rise since BTG's founder André Esteves was arrested in November 2015.
Net influx of money into asset and wealth management also increased 15 percent in the quarter to 260 billion
reais.
Units in BTG Pactual were down 1.65 percent on Thursday afternoon, at 21.46
reais.
Late on Wednesday, BTG said recurring net income in the first quarter fell 22 percent from a year earlier to 661 million
reais ($ 185 million).
($ 1 = 3.5245
reais)(Reporting by Carolina Mandl; Editing by David Gregorio)
Total assets under management, however, remain just one third of the 650 billion
reais the bank managed 2-1/2 years ago.
BRASILIA (Reuters)- Brazil's political affairs minister Carlos Marun said on Thursday that the country would continue to insist that Venezuela and Mozambique pay back nearly 1 billion
reais ($ 281.05 million) in loans they defaulted on to Brazil's state development bank BNDES and Credit Suisse.
Hydro - electric generators that supply about 70 % of Brazil's electricity were limited during the drought, sending spot power prices on Jan. 31, the peak of the Southern Hemisphere summer, to the maximum allowed by the government, or 822
reais ($ 362) per megawatt hour.
In 2009 the three men paid 15 million
reais ($ 6.4 million) to Brazil's securities regulator to settle allegations that they had abused their control of AmBev, the product of their merger of Brahma with another Brazilian beer company.
Brazil - based Neoenergia, which is controlled by Iberdrola and Brazilian pension funds, on April 26 raised its bid to 32.1
reais per share, higher than two bids it had made earlier in April.
Shares in Eletropaulo closed at 30.5
reais per share on April 25, up about 80 percent from the company's undisturbed price of 17 reais on March 27.
Later in the same day, Enel raised its offer to 32.2
reais per share.
** Brazil's largest for - profit education firm, Kroton Educacional SA has agreed to buy a controlling stake in rival Somos Educação SA for 4.6 billion
reais ($ 1.34 billion) to increase basic education business.
With $ 124 million in the cash register (250 million
reais), Brasil Brokers Participacoes SA (BBRK3), the country's largest real estate broker, has contracted to buy two brokerages in Sao Paulo that is expected to increase its revenue from sales of existing homes to 35 percent in five years, from 15 percent today.
Corporate Governance Management Selling the assets could improve BTG's net worth by 20 billion
reais ($ 5 billion).
But if you factor in how much things cost here, 160
Reais is a lot cheaper than 160 dollars.
Every dollar is worth 3
reais.
The conversion of Brazilian
Reais to British Pounds would make it hard for the club to afford a fee of the Premier League standards.
The Procon agency in the state of Sao Paulo fined the fast - food company 3.2 million
reais ($ 1.6 million), adding fuel to a global debate about fast food and public health.
The Procon consumer agency in Sao Paulo, Brazil, has fined McDonald's 3.2 million
reais ($ 1.6 million) for targeting children with its advertising and toys.
If Castilho can't find at least another 4 million
reais ($ 1.25 million) by the end of the year, he says, Brazilian astronomers will lose access to those facilities.
In 2014, the Brazilian government approved just 2.77 million
reais ($ 1.15 million) for finding and protecting isolated groups, 20 % of what FUNAI requested; this year, the government again provisionally approved 2.77 million reais, less than 15 % of the amount FUNAI requested, according to documents presented at the 2014 public hearing.