|Bid||15.20 x 0|
|Ask||15.55 x 0|
|Day's Range||15.22 - 15.67|
|52 Week Range||11.75 - 25.55|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.89|
Brazilian equities and currencies both slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not. For months, ...
Brazil's Senate will only vote on a law seen as important to making the privatization of a state energy distribution company viable after congressional elections in October, lawmakers said on Wednesday, which will delay the auction. State utility Centrais Eletricas Brasileiras SA, known as Eletrobras, was set to auction its distribution unit in the interior state of Amazonas on Sept. 26, before elections are held on Oct. 7.
Mexicans stocks fell to a six-week low, hit by losses in cement company Cemex, and Brazilian equities dipped on Thursday, while the pesos of Mexico and Colombia bounced back from steep losses sparked by ...
Brazil's state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday said its second-quarter net profit soared when compared with the same period a year earlier, helped by increases in power prices. Eletrobras, as the company is known, reported in a securities filing net income of 2.832 billion reais ($732.50 million), up sharply from 344 million reais in the second quarter of 2017. The increases have been authorized by the federal government, which is trying to improve the finances of many distribution companies that Eletrobras plans to sell to private investors in the coming months.
Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday posted second-quarter net profit more than eight times higher than in the same period a year earlier. Eletrobras, as ...
Jailed former Brazilian president Luiz Inacio Lula da Silva said in article published on Friday that if he is elected again in October he would seek a popular referendum to reverse the sale of assets of state-run companies like Petrobras and Eletrobras. Lula also vowed to stop a planned $4.75 billion joint venture that would give Boeing Co a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA . Lula, still Brazil's most popular politician despite serving time for a corruption conviction, will be nominated as a presidential candidate by his Workers Party on Sunday but he is expected to be barred from running by the country's top electoral court.
A Brazilian federal judge overturned a court order holding up the sale of units of state utility Centrais Eletricas Brasileiras SA, and the government committed to assuming certain losses at the company, as the divestiture process continues to advance. Andre Fontes, the head judge of a regional federal court, on Tuesday overturned a decision by a Rio de Janeiro judge earlier in July that effectively delayed the sale of six distribution units at the company, the court said in a statement on Tuesday night. On Monday, Brazil's planning minister, Esteves Colnago, told Reuters the government plans to auction off one of the units on July 26, while putting off the auction of the other five units owned by Eletrobras, as the company is commonly known, until Aug. 30.
Brazil's government will go ahead with the auction of one of state-owned utility Eletrobras' power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday. Cepisa, the utility's energy distributor in the northeastern state of Piaui, has drawn the most interest and will be auctioned as planned despite recent legal challenges, Colnago said in an interview during a visit to Madrid. There are "several groups" interested in Cepisa including potential Spanish buyers, Colnago said, without elaborating.
Brazil's finance minister Monday told a newspaper on Monday that it could be best to delay a closely watched privatization of units of state-run utility Centrais Eletricas Brasileiras SA. In an interview, Finance Minister Eduardo Guardia said privatizing the distribution units own by Eletrobras, as the company is commonly known, was "priority number one" for the government.
Nuclear energy firm Eletrobras Termonuclear SA will not be able to honor debts related to the controversial Angra 3 nuclear project if the loans are not renegotiated by the beginning of August, the company's head said in an interview published Monday. Talking to Brazil's Valor Economico, chief executive Leonam Guimarães said Eletronuclear, as the company is commonly known, will not have the cash to pay debts coming due next month to state banks Caixa Economica Federal and BNDES, as well as Centrais Eletricas Brasileiras SA, the firm's parent.
Brazil's lower house has approved the draft text of a bill that would make the sale of six money-losing distribution units by state-run utility Centrais Eletricas Brasileiras SA viable, according to the chamber's official news bulletin. The preliminary approval came one day after the house voted to expedite the deliberations process for the bill, which deals with the considerable debt of the six units of Eletrobras, as the state-run company is commonly known.
(Updates prices, adds Mexico president-elect business meeting) By Bruno Federowski BRASILIA, July 4 (Reuters) - Brazil's benchmark Bovespa index jumped more than 1 percent on Wednesday in low-volume trading on the U.S. Independence Day holiday, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared. Financial markets across Latin America were rangebound as traders avoided making big bets amid low liquidity after days of heightened volatility. Emerging markets have been battered by concerns over a potential trade war between the United States and China, as well as local political woes.
Latin American stocks and currencies seesawed on Wednesday as the U.S. Independence Day holiday kept trading volumes low, while shares of Brazilian power utility Centrais Elétricas Brasileiras SA soared. Financial markets across the region were range-bound as traders avoided making big bets amid low liquidity after days of strong volatility. Emerging markets have been battered by concerns over a potential trade war between the United States and China, as well as local political woes.
The auction of six power distribution companies by state-controlled holding Centrais Elétricas Brasileiras will take place on July 26 as scheduled, a senior government official told Reuters on Monday. Marcio Felix, deputy Mines and Energy minister, said there were "different interpretations" of a ruling by Supreme Court Justice Ricardo Lewandowski last week stating that Congress must approve the sale of all state-controlled companies. Felix said the government does not think it should affect the auction organized by Eletrobras, as the company is known.
Brazilian Supreme Court Justice Ricardo Lewandowski ruled on Wednesday that the sale of shares of state-controlled companies, including subsidiaries, must be approved by the nation's Congress, according to a court document seen by Reuters. The decision, which Lewandowski wrote and must eventually be taken up by the full court, could significantly impact the asset programs of massive companies like state-led oil company Petroleo Brasileiro SA and power holding company Centrais Eletricas Brasileiras SA. The ruling threatens to derail the privatizations underway at Eletrobras.
A Brazilian government plan to sell billions of dollars in national energy assets to reduce the country’s deficit has hit a series of roadblocks this week -- first from Congress and now from the Supreme Court. Two Supreme Court injunctions Wednesday and congressional delays on Tuesday have raised new hurdles to the privatization of state-run power company Eletrobras as well as for the planned sale next month of some of its troubled units. “This will probably be dragged on for the next government to deal with,” Pedro Galdi, an investment analyst with Mirae Asset Wealth Management, said in a phone interview from Sao Paulo after the congressional move Tuesday.
Brazilian power holding company Centrais Eletricas Brasileiras SA said in a statement on Tuesday its workers' strike have partially ended. "Employees at the holding company ended the strike and resumed work this morning", the statement said. Eletrobras, as the company is known, said it has no information whether the strike has also ended in the company's subsidiaries.
Brazilian equities extended their recent slide amid political and fiscal worries on Friday, while the country's currency reversed losses as the central bank pledged liquidity to help prop up the real. ...
Moody's America Latina, ("Moody's") upgraded Eletropaulo Metropolitana de Eletricidade de São Paulo S.A. (Eletropaulo or "the company") Corporate Family Ratings (CFR) and senior unsecured ratings to Ba2/Aa3.br from Ba3/A3.br, respectively in the global scale and Brazil´s national scale. The outlook is stable.
Brazil's state power company Centrais Eletricas Brasileiras SA and French peer Electricite de France SA signed a three-year memorandum of understanding to look into cooperation on nuclear energy, the Brazilian ...
A labor court in Rio de Janeiro has ordered state-run power company Centrais Eletricas Brasileiras SA to suspend an ongoing privation process and present a study within 90 days examining the impacts of ...
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.