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Brazilian state-owned oil and gas company Petrobas will resume the sale of assets after the approval of the Brazilian Supreme Court, according to a press release. The executive board will open the sale of a 90% stake in Transportadora Associada de Gas and all shares of Araucaria Nitrogenados. Brazil’s High Court has already given temporary permission to sell assets. On January 27, a plenary meeting is held, which will decide the future fate of the company. Petrobas was embroiled in a corruption scandal that caused a large debt, sales, and then freeze of assets. According to a court order in July, the sale of shares of state-owned companies is subject to the mandatory approval of the Brazilian congress. The company plans to reduce debt by 2023 by selling assets worth $26.9 billion.
On Thursday, the European Court of Justice (ECJ) rejected the validity of the data transfer mechanism used by the European Union and the United States which could facilitate the transfer of data from both countries. The data transfer tool ...
Asian share markets advanced on Wednesday as growing hopes about a coronavirus vaccine supported risk appetite. Meanwhile, the euro reached its four-month peak backed by the prospect of stimulus ahead of a crucial EU meeting. MSCI’s ...
Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) ...
Asian stocks saw its biggest sell off in eight sessions on Thursday as the rise in COVID-19 cases and the lowering of economic forecasts by the International Monetary Fund dented confidence in a recovery. However, bonds saw some gains, while ...
SoftBank Group Corp. (9984.T) announced on Monday that it would sell up to 198 Million shares of the U.S. wireless carrier T-Mobile U.S. Inc. (TMUS.O) worth $21 billion. The telecom company revealed a series of transactions to seek funds for ...
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