Latest news with #SAOPAULO
Yahoo
a day ago
- Business
- Yahoo
Brazil's Azul aims to exit Chapter 11 early 2026, says exec
SAO PAULO (Reuters) - Brazilian airline Azul aims to exit Chapter 11 proceedings early next year, Fabio Campos, institutional and corporate vice-president, told reporters in a press conference on Friday. Asked about plans to combine operations with local airline Gol, Campos said Azul will now focus primarily on its financial restructuring process. Azul filed for Chapter 11 in the United States earlier this week.
The Star
a day ago
- Business
- The Star
Brazil's Meliuz launches share offering for bitcoin purchase
FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo SAO PAULO (Reuters) - Brazilian fintech Meliuz said it has filed for a primary offering of shares with the aim of raising funds for the acquisition of bitcoin, with pricing scheduled for June 12. In a securities filing on Friday, Meliuz said the offering involves the primary distribution of, initially, 17,006,803 common shares to the amount of 150 million reais ($26.45 million). The operation may be expanded by up to 200% of the total shares initially offered, it added. ($1 = 5.6704 reais) (Reporting by Alberto Alerigi Jr; Writing by Isabel Teles)
Reuters
a day ago
- Business
- Reuters
Brazil's Meliuz launches share offering for bitcoin purchase
SAO PAULO, May 30 (Reuters) - Brazilian fintech Meliuz ( opens new tab said it has filed for a primary offering of shares with the aim of raising funds for the acquisition of bitcoin, with pricing scheduled for June 12. In a securities filing on Friday, Meliuz said the offering involves the primary distribution of, initially, 17,006,803 common shares to the amount of 150 million reais ($26.45 million). The operation may be expanded by up to 200% of the total shares initially offered, it added. ($1 = 5.6704 reais)
Yahoo
a day ago
- Business
- Yahoo
Brazil's Meliuz launches share offering for bitcoin purchase
SAO PAULO (Reuters) - Brazilian fintech Meliuz said it has filed for a primary offering of shares with the aim of raising funds for the acquisition of bitcoin, with pricing scheduled for June 12. In a securities filing on Friday, Meliuz said the offering involves the primary distribution of, initially, 17,006,803 common shares to the amount of 150 million reais ($26.45 million). The operation may be expanded by up to 200% of the total shares initially offered, it added. ($1 = 5.6704 reais)
GMA Network
2 days ago
- Health
- GMA Network
Brazil declared free of foot-and-mouth disease without vaccination
SAO PAULO/PARIS - The World Organization for Animal Health has recognized Brazil, the world's leading beef exporter, as a country free of foot-and-mouth disease without vaccination, a Brazilian official and a spokesperson for the intergovernmental body said. Brazilian lobbies representing some of the largest Brazilian meatpackers, including JBS Minerva and Marfrig said the development was historic, as it can help Brazil to win new markets. "The new status will be announced on June 6 at a formal ceremony after a meeting between President Lula and WOAH Director General Emmanuelle Soubeyran," Brazil's Chief Veterinary Officer Marcelo Mota told Reuters on the last day of a WOAH conference in Paris. Last year, Brazilian companies exported beef worth nearly $13 billion to countries including China, the United Arab Emirates and the United States, which has increased imports from Brazil because of a scarcity of cattle for slaughter. The change in status can be used as a "strategic asset" in talks to open markets with strict standards, such as Japan, Brazilian beef lobby Abiec said in a statement. It added the Philippines and Indonesia have expressed interest in importing beef offal based on the health status. "The new status also brings new challenges and responsibilities for all actors involved," Abiec said, alluding to maintaining the herd in adequate sanitary conditions. The long-sought change had been anticipated by Brazilian authorities, including Agriculture Minister Carlos Favaro. In May 2024, when Brazil announced the end of the vaccination cycle against foot-and-mouth disease, Favaro said it moved Brazil "to the next level of the world's health elite". At the time, Brazil's goal of being free of foot-and-mouth disease without vaccination by 2026 was brought forward to 2025, the ministry said. The Brazilian Agriculture Ministry did not immediately respond to a request for comment on Thursday. — Reuters
