Showing results for "Braskem"
markets
UAE Deal to Create Chemicals Giant Delayed by Austria PollsA planned deal by state-owned energy producers in the United Arab Emirates and Austria to create a global chemicals giant faces months of additional delays as upcoming elections in the European nation complicate decision-making.April 26, 2024
politics
Lula Irks Investors in Bid to Spur Brazil Growth, Boost ApprovalInside Brazil’s presidential palace, angst is mounting as the economy sputters along, churning out tepid growth figures month after month. President Luiz Inacio Lula da Silva is ratcheting up the pressure on his top aides to boost spending, gin up faster growth and turn around his sinking approval ratings.March 18, 2024
politics
Lula Seen Naming Former Finance Chief to Braskem BoardBrazil President Luiz Inacio Lula da Silva is expected to appoint former Finance Minister Guido Mantega to the board of Braskem SA as the government pushes for more influence in companies’ decisions, according to a person familiar with the matter.March 15, 2024
green
Third Mine Disaster in a Decade Tests ESG Boundaries in BrazilInvestors were swift to dump debt of Braskem SA after the Brazilian petrochemicals maker’s salt mine partially collapsed in December — a situation that has forced tens of thousands to evacuate the city of Maceio since 2019.January 29, 2024
markets
Braskem Cut to Junk as Fitch Warns of Environmental RisksLatin America’s largest petrochemical firm Braskem SA was stripped of its investment-grade status at Fitch Ratings, in the latest blow to a company that’s under increasing pressure as the collapse of a salt mine it operates in Brazil’s Northeast risks engulfing part of a town.December 14, 2023