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Stock Market & Financial Investment News

News Breaks
December 19, 2012
12:12 EDTPBR, VALEVale sells fertilizer plant to Petrobras
Earlier in a regulatory filing Vale (VALE) informs that it has signed with Petróleo Brasileiro (PBR) (Petrobras) an agreement to sell Araucária, operation for production of nitrogens, located in Araucária, in the Brazilian state of Paraná, for $234M. The purchase price will be paid by Petrobras through installments accrued quarterly, adjusted by 100% of the Brazilian interbank interest rate (CDI), in amounts equivalent to the royalties due by Vale related to the leasing of potash assets and mining rights of Taquari-Vassouras and of the Carnalita project.
News For VALE;PBR From The Last 14 Days
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April 16, 2014
06:33 EDTPBRPetrobras having difficulties, NY Times says
Brazilian energy company Petrobras is experiencing multiple problems, as its oil production has stagnated, its employees have been accused of taking bribes, and its debt is surging, according to The New York Times. Analysts warn that the company could face problems in international bond markets, the newspaper stated. Reference Link
April 10, 2014
07:26 EDTVALECommittee recommends Vale be stripped of Simandou license, WSJ says
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