Search Results for: Brazilian

Brazilian state-controlled oil giant, Petrobras, is offering to pay out USD2.95 billion to settle an American class action lawsuit by shareholders that lost money in the massive Brazilian corruption scandal uncovered in Operation Car Wash (Lava Jato). In a statement, Petrobras has said that the payout, which still needs to be agreed by a US federal court, is intended to resolve all pending and prospective claims against the company in the US, “eliminates the risk of an adverse judgment … and puts an end to the uncertainties, burdens and costs of protracted litigation.”…

EUROPEAN Union (EU) and Brazilian textile industry associations have joined forces to draw up common proposals to put to negotiators drawing up the clothing and textile chapters of a future free trade agreement (FTA) between the EU and Mercosur group of countries, consisting of Argentina, Brazil, Paraguay and Uruguay.…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

THE RUSSIAN Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) may impose a ban on all imports of beef and pork from Brazil, the largest meat importer to Russia, in coming days over concerns about the detection of a forbidden hormone, government officials have warned.…

THE WORLD Trade Organisation (WTO) appellate body is considering an appeal by Brazil against a WTO disputes panel ruling that a wide range of Brazilian tax systems, designed to promote domestic production and exports, breach global trading agreements. The WTO backed Japan and European Union (EU) complaints that these discriminate unfairly against non-Brazilian competitors.…

CHINA’S imposition of temporary safeguard duties to protect its sugar industry have been challenged at the World Trade Organisation (WTO), with sugar giant Brazil arguing Beijing’s tariffs break global commerce rules. In a signal that Brazil might be considering launching a disputes case against China, diplomats for the South American country told a WTO safeguards committee meeting that the duties broke the WTO agreement on safeguards and the general agreement on tariffs and trade (GATT). …

BRAZIL may be the source of just 1.6% of all nanotechnology research papers across the world according to UNESCO (the United Nations Educational, Scientific and Cultural Organisation), but it remains a leader among its Latin American neighbours due to its National Nanotechnology Programme.…

THE BRAZILIAN arm of Brussels-based speciality chemical firm Solvay says that it is prospering in Brazil though sales of biodegradable polyamide yarn Amni Soul Eco, reflecting the demand for bio-based materials and products in Latin America’s largest country.

Renato Boaventura, CEO of the Brazil Rhodia Solvay Group’s ‘fibras global business unit’ told WTiN.com…

‘Colourful’,’ young’, ‘big’ and ‘clever’ are words often bandied about to describe the positive qualities of Brazil, and they certainly could be used to define La Estampa, a Brazilian textile company specialising in digital print B2B.

With a global print capacity of 25,000 metres per day, La Estampa is able to punch its weight in global digital textile markets.…

RESTRICTIVE quotas limiting European Union (EU) sugar production to 13.5 million tonnes have finally been scrapped, freeing producers to hit market demand. The abolition of the quotas from October 1 sees European Commission officials predicting that EU sugar production will increase 20% and reach 20.1 million tonnes for the next harvest.…