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Below are the latest news stories about Brazilian Electric Power Co that investors may wish to consider to help them evaluate EBR as an investment opportunity.
Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR) CEO Wilson Ferreira on Q1 2020 Results - Earnings Call Transcript
Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR) Q1 2020 Earnings Conference Call May 29, 2020 02:30 PM ET Corporate Participants Wilson Ferreira - CEO Elvira Baracuhy - IR Conference Call Participants Andre Sampaio - Santander Marcelo Sá - Itaú Carolina Carneiro - Crédit Suisse Presentation Operator Good afternoon to everyone,...
Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR): Q1 Net income from continuing operations of R$307M.Net operating revenue of R$6.96B (+7.6% Y/Y).Press Release...
(Bloomberg) -- Iconic Brazilian companies Vale SA and Eletrobras SA were removed from the world’s largest sovereign wealth fund due to environmental and human rights concerns.Norges Bank Investment Management said in a statement it’s excluded iron-ore giant Vale from Norway’s $1 trillion pension fund after repeated dam breaches in Brazil killed hundreds of people and caused environmental damage. Eletrobras was withdrawn because of the “unacceptable risk” that the country’s largest utility contributes to serious or systematic human rights violations.Norges’s move deals a blow to Vale, which has taken steps to improve its image after a dam collapse early last year killed 270 people. The Rio de Janeiro-based mining company replaced its top manager, committed to decommissioning riskier dams...
The Norwegian central bank on Wednesday excluded four Canadian oil and gas companies from its $1-trillion wealth fund, the world's largest, for producing too much greenhouse gas emissions, its first use of carbon emissions as a criterion to blacklist firms. Canadian Natural Resources Ltd, Cenovus Energy Inc , Suncor Energy Inc, and Imperial Oil Ltd were excluded from the fund due to "unacceptable greenhouse gas emissions", Norges Bank said in a statement https://www.norges-bank.no/en/news-events/news-publications/News-items/2020/2020-05-13-spu. The decision was based on recommendations from the Council on Ethics, the fund's ethics watchdog, because of the companies' carbon emissions from production of oil to oil sands, the central bank said.
Brazilian President Jair Bolsonaro signed a decree that excludes Eletropar, controlled by the country's largest power company known as Eletrobras, from the national privatization program. The withdrawal of Eletropar from the program, published in Thursday's official gazette, comes after a recommendation from the national privatization council. The recommendation came as Eletrobras has been reorganizing its operations.
Centrais Eletricas Brasileiras SA-Eletrobras -- Moody's announces completion of a periodic review of ratings of Centrais Eletricas Brasileiras SA-Eletrobras
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centrais Eletricas Brasileiras SA-Eletrobras and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Retail brokerage XP Inc's founder and chief executive called on the Brazil's government to launch a Marshall Plan-style program to combat the economic effects of the coronavirus outbreak, according to local newspaper O Estado de S. Paulo, citing a Sunday call with other top executives. Guilherme Benchimol, founder of the brokerage which last year conducted one of Brazil's highest profile initial public offerings, said he feared the ranks of joblessness in the country could skyrocket to 40 million people from roughly 12 million as a consequence of the pandemic. "Measures taken by the Brazilian government so far are like a drop in the ocean," Benchimol said in the call, according to Estado, warning of a risk of people going hungry as well as a potential increase in murders.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Brazil's Economy Minister Paulo Guedes urged both Senate and lower house leaders late on Tuesday to speed up the government's economic reform agenda amid a worsening crisis triggered by the coronavirus outbreak. "Considering the worsening of the international crisis due to the spread of the coronavirus and the need to shield the Brazilian economy, the Economy Ministry proposes to accelerate the agenda it has been conducting with Congress," Guedes said.
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