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Tag: brazil
China to invest $50bn in Brazil
2015-05-15 01:51:07| BBC News | Business | UK Edition
China is planning to invest up to $50bn (32bn) in Brazil for new infrastructure projects - including a new Pacific-Atlantic railway link.
Tags: china
brazil
invest
invest china
Telefonica Q1 sales up 12.6% on growth in Brazil, Germany
2015-05-14 08:44:00| Telecompaper Headlines
(Telecompaper) Telefonica reported an improvement in first-quarter results with revenues up 12.6 percent to EUR 11.543 billion. Organic growth of 3.3 percent was supported by better results in Brazil, the takeover of E-Plus in Germany and improving trends in Spain. The drop in sales in Spain slowed to 3.8 percent in the first quarter, while Germany grew by 2.9 percent, Brasil was up 4.3 percent and the rest of Latin American advanced 9.7 percent on an organic basis. Telefonica's OIBDA rose 7.7 percent to EUR 3.618 billion,led by 14.5 percent organic growth in Latin America and a 9 percent pro forma increase in Germany. The OIBDA margin was still down 0.3 percent points to 31.3 percent. Net profit jumped to EUR 1.802 billion from EUR 688 million a year ago thanks to a valuation gain of EUR 1.185 billion on deferred tax assets at the O2 UK operations up for sale. Telefonica increased capital expenditure by 25.8 percent to EUR 1.682 billion, and operating cash flow fell 4.2 percent to EUR 1.937 billion. Net debt was up by EUR 540 million from the end of 2014 to EUR 45.627 billion, equal to 2.73 times EBITDA for the past 12 months. The operator said it had entered a new cycle of organic growth as all businesses were gaining customers, sales and OIBDA, apart from Spain, which had at least returned to customer growth. Telefonica maintained its outlook for over 7 percent revenue growth this year, a drop of no more than 1 percent in the EBITDA margin and accelerating capex to around 17 percent of revenue.
Tags: sales
germany
growth
brazil
Brazil Pursues Illegal Miners on Indigenous Land
2015-05-12 04:07:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: Federal Police officers from the states of Roraima, Rondônia, So Paulo, Amazonas, and Pará were marshaled Thursday to serve 313 warrants against people suspected of clandestine gold and gemstone mining on indigenous lands. The law enforcement operation is chiefly aimed at illegal mining in the Yanomami indigenous reserve in Roraima, reports the state-run Agencia Brasil. About 150 Federal Police are involved in serving the warrants, assisted by officers of the Brazilian Institute for the Environment...
Tags: land
brazil
illegal
indigenous
Fluor Consortium Awarded Engineering, Procurement And Construction Contract For Natural Gas Development Project In Brazil
2015-05-11 03:41:28| chemicalonline Home Page
Fluor Corporation’s Brazil unit was part of a consortium awarded a contract by Parnaíba Gás Natural (PGN) for engineering, procurement and construction (EPC) of a natural gas field development project in the state of Maranhão, Brazil
Tags: in
development
project
natural
Fluor and partners win $100m contract to develop natural gas gathering system in Brazil
2015-05-11 01:00:00| Hydrocarbons Technology
On-shore natural gas producer Parnaíba Gás Natural (PGN) has awarded an engineering, procurement and construction (EPC) contract worth $100m to a consortium for a natural gas field development project in the state of Maranho, Brazil.
Tags: system
natural
partners
win
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