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Petrobras files IPO documents on fuel distribution unit BR

22/11/2017 at 21:30h

Rio de Janeiro – Petrobras filed this Wednesday (22) at the Brazilian Securities Commission (CVM) the documents needed for the IPO of Petrobras Distribuidora (BR). The company says it also reported the notice to market and preliminary prospectus regarding the IPO to be held in Brazil.

The sales price of BR stocks will be determined after the results of the collection procedure of investment intentions with institutional investors to be made in Brazil and abroad.

Via ANBA Newsroom. Translated by Sérgio Kakitani

Demand for credit up in October

21/11/2017 at 14:59h

São Paulo – Consumer demand for credit was up 5.4% year-on-year in October, credit bureau Serasa Experian said. Year-to-date through October, demand climbed 4.6%. Serasa Experian economists said the hike reveals that people are shopping for credit again. They impute this to weakening inflation, dropping interest, the beginning of a gradual recovery of formal jobs, and growing confidence in the economy.

Translated by Gabriel Pomerancblum

Consumer confidence goes up

17/11/2017 at 15:53h

São Paulo – Brazilians are more confident in the country’s economy and in the possibility of an improvement in their financial situation. So says a survey conducted by credit bureau Serviço de Proteção ao Crédito (SPC Brasil) in partnership with the National Confederation of Retail Managers (CNDL). The Brazilian consumer confidence index climbed 2.4% in October from September, going from 41.3 points to 42.1 points. By the methodology, in a 0 to 100 points scale, the higher the index, the higher the optimism.

Via Agência Brasil. Translated by Sérgio Kakitani

Throughput up 6.6% at Brazilian ports

16/11/2017 at 15:07h

São Paulo – Seaports in Brazil handled a combined 279.3 million tons of cargo in Q3 this year, up 6.6% from Q3 2016, the National Agency for Waterway Transportation (Antaq) said.

Iron ore accounted for the bulk of handling, with oil ranking second. Cargo carried in shipping containers came in third.

Translated by Gabriel Pomerancblum