|Bid||0.00 x 2900|
|Ask||5.10 x 3000|
|Day's Range||4.16 - 4.31|
|52 Week Range||3.49 - 7.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Brazilian stocks fell sharply on Wednesday after comments by U.S. President Donald Trump reignited concerns over global trade, while shares of state-controlled power utility Centrais Elétricas Brasileiras SA plummeted. The benchmark Bovespa stock index declined 1.7 percent, more than the 0.9 percent decline by an index tracking Latin American stock markets. Global stocks suffered after Trump signaled a new direction in U.S.-China trade talks and said any deal would need "a different structure," fueling uncertainty over current negotiations.
Brazil on Tuesday removed a forecast for revenue from the privatization of power utility Centrais Elétricas Brasileiras SA from the 2018 budget, citing growing risks that those funds would not materialize this year. The government also cut its forecast for gross domestic product growth this year, highlighting an underwhelming recovery from Brazil's deepest recession in decades.
Brazil on Tuesday scrapped a forecast for 12.2 billion reais ($3.3 billion) worth of revenues from the privatization of power utility Centrais Elétricas Brasileiras SA from the 2018 budget, citing a lower likelihood that those funds materialize this year. In a news conference, Planning Minister Esteves Colnago said the privatization of Eletrobras, as the utility is known, is still a priority but there is a growing risk that those revenues will only be booked at the start of next year.
Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA posted a net income of 56 million reais ($15.33 million) in the first quarter, down 96 percent from the same period a year earlier. Eletrobras, as the company is known, reported in a securities filing late on Wednesday that heavy losses in some power distribution subsidiaries - the ones the company has been looking to sell - were one of the main factors behind the weak quarterly result. Eletrobras has been included in the government's national privatization program.
Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Wednesday posted a net income of 56 million reais in the first quarter, down 96 percent from the same period a year earlier. ...
Petroleo Brasileiro SA said on Monday it had reached an agreement with Centrais Eletricas Brasileiras SA, commonly known as Eletrobras, regarding the renegotiation of part of nearly 20 billion reais ($5.76 billion) in debt owed to the state oil company. The agreement is seen as key to allowing a privatization process planned by Eletrobras to go forward. The state electricity company has said it plans to auction off the power distribution units it holds in Brazil's northern and northeastern regions in June.
BRASILIA (Reuters) - Centrais Elétricas Brasileiras SA and Petróleo Brasileiro SA are close to agreeing on a deal to solve a dispute involving 20 billion reais ($5.75 billion) worth of Eletrobras debt, ...
The privatization of Brazil's largest utility Centrais Eletricas Brasileiras SA, known as Eletrobras, is the government's top priority, Finance Minister Eduardo Guardia said on Thursday after the first ...
Brazil is committed to the privatization of state-controlled power utility Centrais Elétricas Brasileiras SA, new Finance Minister Eduardo Guardia told local television in his first interview after taking ...
Moody's Investors Service, ("Moody's") has today affirmed the Ba3 rating of Centrais Eletricas Brasileiras SA - Eletrobras, including the company's senior unsecured debt and corporate family ...
RIO DE JANEIRO (Reuters) - Brazil's incoming energy minister will boost chances of approval in Congress of a bill outlining the rules for the privatisation of Eletrobras, the state-controlled power utility's ...
Brazil's government "has not given up, but lacks focus" in its bid to privatize state-controlled power holding company Centrais Eletricas Brasileiras SA, the lawmaker tasked with getting the privatization bill through Congress said on Wednesday. Congressman Jose Carlos Aleluia said a committee hearing on the privatization scheduled for Wednesday had been canceled, but that he plans to meet with President Michel Temer's top ministers on the topic early next week. Reuters reported on Tuesday that the Eletrobras privatization had been severely weakened by powerful senators opposed to its sale.
The president of Brazil's lower house, Rodrigo Maia, said on Monday he was worried about the possibility of passing a bill to privatize state-run electricity firm Centrais Eletricas Brasileiras SA , known as Eletrobras. The government hopes to raise some 12.2 billion reais ($3.71 billion) from the privatization of Eletrobras. Speaking at an event in Rio de Janeiro, Maia said Congress had faced political difficulties trying to set up a commission to deal with the company's privatization, which could portend difficulties in whipping up the votes needed to pass the program.
Brazil's state-controlled power company Centrais Elétricas Brasileiras SA said on Friday that Eletropaulo, Brazil's largest power distribution company, has agreed to pay it 1.4 billion reais to settle ...
Brazilian energy holding company Energisa SA met with the energy regulator ANEEL to discuss possible changes in the rules for the sale of six power distribution companies expected for May, according to ...
The speaker of Brazil's lower house Rodrigo Maia said on Thursday that he is aiming for the body to vote on a bill containing the rules for how to privatize state-controlled power company Centrais Eletricas Brasileiras SA . President Michel Temer issued a provisional decree last year that changed the country's law to allow for Eletrobras, as the company is commonly known, to be privatized. A Supreme Court justice last week overturned a lower court's injunction blocking some parts of Temer's decree, removing a major legal roadblock to moving forward on selling Eletrobras.
The battle over privatizing Latin America’s largest utility hinges on a parched river winding through the dusty highlands of northeast Brazil.
Brazil on Friday froze 8 billion reais worth of government expenses for this year under a revised budget to account for potential delays in a plan to privatize power utility Centrais Elétricas Brasileiras ...
The chief executive officer of Brazil’s state-owned utility Eletrobras remains confident that a controversial plan to take the company private will succeed this year despite opposition from lawmakers and ...
Brazil's state-controlled power company Eletrobras aims to settle U.S. class action lawsuits before it begins what is expected to be the country's largest privatization in almost two decades, Chief Executive Wilson Ferreira Jr said on Wednesday. Investors in the United States have sued Centrais Elétricas Brasileiras SA (Eletrobras) after the company reported large losses related to a sprawling corruption scandal in Brazil.
Brazilian state-controlled oil company Petróleo Brasileiro SA (PETR4.SA) owes the government billions of dollars tied to offshore exploration rights but is unlikely to pay this year, a cabinet minister said. The government's 2018 budget does not include any revenue from the so-called "transfer of rights" area that has sparked a dispute with the company also known as Petrobras, Planning Minister Dyogo Oliveira said in an interview on Thursday. In 2010, Brazil exchanged offshore exploration rights for equity in Petrobras.
Brazilian state-owned power holding Centrais Elétricas Brasileiras SA has hired law firm Hogan Lovells to "resolve class action lawsuits" in the U.S., according to a note published on Friday ...
Brazilian President Michel Temer signed a measure that paves the way for the privatization of Eletrobras, Latin America’s largest power company, according to a government official.
Brazilian state-run power utility Centrais Elétricas Brasileiras SA will reduce its investments starting in 2018 to boost efficiency ahead of its planned privatization next year. In a securities filing on Monday, the company, known as Eletrobras, said its board had authorized investments of 19.75 billion reais ($6 billion) for 2018 through 2022. Eletrobras said the investments would be in power generation, transmission and infrastructure projects, directly or through special-purpose vehicles.