|Bid||429.50 x 0|
|Ask||435.00 x 0|
|Day's Range||429.00 - 450.00|
|52 Week Range||206.00 - 451.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Sao Paulo. index rose 1%, with materials stocks pushing up the index the most. Chilean stocks rose about 0.3% and were slated for a seventh straight session of gains. The Mexican peso rose about 0.4% to near a one-month high.
Brazil's development bank BNDES is mulling strategies to sell its stakes in listed companies such as state-controlled oil company Petrobras SA , two sources with knowledge of the matter said on Thursday. As discussions are still ongoing, BNDES may start divestments only next year, the sources added. BNDES, which has nearly 110 billion reais ($27.23 billion) in listed assets, has been considering either a direct sale of shares through its treasury desk or share offerings, the sources said.
CONAKRY/LONDON, Aug 29 (Reuters) - Leading miner BHP is near a deal to divest its stake in Guinea's Nimba iron ore deposit, while three big miners are vying to develop half of the country's Simandou, the largest known untapped iron ore reserve, sources close to the talks said. Guinea has struggled for decades to extract money from its iron ore, which has been left undeveloped because of protracted legal disputes and the cost of infrastructure.
Brazil's securities regulator CVM said on Monday it has opened up an additional investigation into whether executives of iron ore miner Vale SA breached their fiduciary duties in relation to a January dam collapse which killed nearly 250 people. The investigation is related to an initial administrative probe opened on Jan. 28, when CVM started looking into potential violations of securities laws over the incident. The securities body, which has the power to impose fines and bar executives from working at listed companies in Brazil, added the investigation does not concern environmental issues, which it said other agencies are looking into.
Germany's TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm's chief executive told Reuters. The collapse of the tailings dam, which was operated by Brazilian mining company Vale SA, flooded the town of Brumadinho with mining waste water only four months after TÜV SÜD had vouched for the safety of the structure. TÜV SÜD's September 2018 safety report had warned against operating heavy equipment on the structure which had been raised from an original height of 18 meters to 86 meters.
The Brazilian real fell about 0.5%, giving back some of Thursday's gains of more than 1% when upbeat trade data from China and a stabilizing yuan lifted risk appetite. The mood was glum again on Friday after a Bloomberg report that Washington was delaying a decision about allowing some trade between U.S. companies and Huawei reminded investors that the prolonged trade rift was far from over. President Donald Trump said on Friday that the United States was continuing trade talks with China but was not going to make a deal for now and would hold off on doing business with Huawei until a deal is in place.
Aug 8 (Reuters) - Latin American currencies broadly firmed against the dollar on Thursday, as surprisingly upbeat trade data from China and hints that Beijing officials will limit losses in the yuan eased growth worries for now. After reeling from worries in the past week about an escalating U.S.-China trade war denting global growth, emerging markets and other risk assets breathed a sigh of relief after trade data showed July exports grew more than expected in China amid U.S. tariff pressure. Signs that the People's Bank of China was stepping in to stabilize the yuan also helped bring some poise to the markets.
Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years. In late January, the collapse of a Vale tailings dam storing muddy mining waste near the town of Brumadinho killed nearly 250 people, less than four years after a deadly disaster at the company's Samarco joint venture with BHP Group . The world's largest iron ore exporter has since been grappling with the fallout, which has forced it to shake up its board, replace its CEO and made it the target of various criminal and regulatory probes.
Investment company ADAMCAPITAL Gestao de Recursos Ltda. (Current Portfolio) buys Vale SA, sells Microsoft Corp, The Walt Disney Co, Petroleo Brasileiro SA Petrobras during the 3-months ended 2019Q2, according to the most recent filings of the investment company, ADAMCAPITAL Gestao de Recursos Ltda.. Continue reading...
A group of investors in Vale SA has filed a claim against the mining company with a Brazilian arbitration panel, seeking compensation linked to the deadly dam burst in Brumadinho early this year, newspaper Valor Economico reported on Wednesday. The investors argued that Vale did not disclose information about risks facing the dam in the state of Minas Gerais to the market, according to the claim filed at an arbitration panel in the Market Arbitration Chamber of the stock exchange B3 SA , the paper said. Nearly 25 asset management firms and some pension funds are seeking compensation for losses accruing from Vale's plummeting share price following the disaster, but Valor did not say how much was being claimed.
Brazilian miner Vale SA may adjust provisions for a deadly dam burst in Brumadinho this year as part of its second-quarter results following a settlement with workers, the company said in a securities filing on Tuesday. Vale announced on Monday it would pay 400 million reais ($106 million) to compensate workers affected by the deadly rupture of a tailing dam in January. The company did not detail how it planned to change its provisions.
Brazilian mining company Vale SA said on Monday it would pay 400 million reais ($106.52 million) to compensate workers affected by the deadly rupture of a tailings dam in January that killed at least 240 people. In a statement, Vale said the deal also involves individual compensation for moral and material damages, including job stability and other benefits for a certain period of time. In May, the company said it was taking $2.42 billion in writedowns for payments to victims' families and estimated out-of-court settlements for various damages related to the dam collapse, including $247 million for a "framework agreement" with labor prosecutors.