- Bloomberg
Petrobras Greenlights Tax Payment That Helps Lula’s Budget
(Bloomberg) -- Brazilian oil giant Petrobras agreed to pay 19.8 billion reais ($3.49 billion) in back taxes to the federal government at a time when President Luiz Inacio Lula da Silva is seeking increased revenue to help balance the budget.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomNvidia Becomes World’s Most Valuable Company as AI Rally Steams AheadStocks Rise as Bullish Nv
- Reuters
Market conditions drive international airlines away from Brazil, Airbus says
Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told Reuters. In 2018, rules which had limited the size of the stake a foreign investor could hold in an airline were overturned in a bid to open up competition among carriers in Latin America's largest economy. Still, market share in Brazil is dominated by just three companies: Azul, Gol and LATAM, the latter the result of a merger in the 2010s between local airline TAM with Chile's LAN.
- Zacks
Petrobras (PBR) Inks Vessel Contracts With Solstad Offshore
Petrobras (PBR) awards Solstad Offshore multi-year contracts worth $243 million for three vessels, enhancing operational efficiency in Brazil.
