Day: June 12, 2020

Brazil is in 20th position in the ranking of startups

Brazil entered the list of the top 20 countries in a world ranking of ecosystems of small technology companies (startups). The country climbed 17 positions and figured in the world elite in the survey that takes into account the quantity and quality of startups. The survey analysed 1,000 companies in 100 cities around the world.

Fall of Brazilian papers in NY is a indication of fall in the stock market

The main indexes of the American stock exchanges melted, this Thursday, with the investors worried about a new wave of the coronavirus. Brazilian assets did not escape the drop. IShares MSCI Brazil (EWZ), one of the most important index funds in the world and the largest listed in New York and backed by Brazilian stocks, closed the day with a 7.74% decrease. Like the indicator, Brazilian stock receipts (ADRs) also operated in the red.

Petrobras shares, traded in NY, plummet 5% as oil falls

Representations of Petrobras shares (PETR3; PETR4), traded on the New York Stock Exchange, fell more than 5% on Thursday morning (11), following the fall in oil prices in the international market. The asset (PBR.A), which is equivalent to the preferred shares (PETR4) of the state-owned company, depreciated 3.82% to US $ 8.19, around 11:30 am (Brasília time). The (PBR), which corresponds to the common shares (PETR3), fell 5%, to $ 8.40.

Vale signs $ 25 mm agreement to end action on Fundão dam

Vale informed that it reached an agreement in the New York Courts to end the class action of the holders of American Depositary Receipts (ADRs) of the mining company in the process related to the breach of the Samarco Fundão dam, which occurred in November 2015. In a material fact, the mining company said it would pay $ 25 million. The final sentence will still be given by the judge who will close the case definitively.