Petrobras (PETR4) Will Announce New Billion-Dollar Investment in Regap, Americanas (AMER3) Receives Authorization to End Partnership with Vibra (VBBR3), Totvs (TOTS3) Acquires IP and Other Updates.

Written by Paulo Nogueira Published on 31/10/2023 at 14:50

Petrobras (Foto: Mario Tama/Getty Images)

Check Out The Main Highlights Of The Business News This Tuesday (31)

This Tuesday’s corporate radar brings some important news to the business landscape. Petrobras (PETR4) announced investments of R$ 2 billion in the Gabriel Passos Refinery, Regap, aiming to improve energy efficiency, increase reliability, and reduce carbon emissions.

Americanas obtained court approval to dissolve its partnership with Vibra in BR Mania. Meanwhile, Totvs acquired the entirety of the social capital of the IP franchise for R$ 137.6 million.

In the third quarter, GPA reported a consolidated net loss of R$ 1.285 billion, while Lojas Quero-Quero posted a loss of R$ 12.3 million, an increase of 60.4% compared to the same period last year. On the other hand, Intelbras reported a profit of R$ 111 million in the third quarter, a decrease of 9.6% compared to the previous year. ISA Cteep recorded a profit 22.7% higher in the third quarter, totaling R$ 474.5 million.

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São Martinho approved the implementation of a biogas production unit, which will receive investments of R$ 250 million and will have the capacity to produce 15.6 million normal cubic meters during the sugarcane harvesting period. Bahema announced the signing of a purchase and sale agreement for the sale of the shares held indirectly by the company in the International School Centro de Educação.

These are some of the news that moved the corporate radar this Tuesday. Stay tuned for the latest market updates and keep up with the main movements of companies.

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Petrobras (PETR4) Will Announce New Billion-Dollar Investment in Regap, Americanas (AMER3) Receives Authorization to End Partnership with Vibra (VBBR3), Totvs (TOTS3) Acquires IP and Other Updates.

Check Out The Main Highlights Of The Business News This Tuesday (31)

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

Couple Sold Their Home to Save Business, Now Run Platform Handling $180 Million Monthly and Managing Over 51 Million Listings

Petrobras Secures $2.2 Billion Contract to Build and Operate Four Support Vessels for Brazil’s Offshore Oil Fields

Former Atacadão Employee Turns Online Cake-Baking Lessons into a Confectionery Brand with Factory, Store, Delivery, and Nearly $400,000 in Revenue

Brazilian Startup Sells Nearly 9 Million Surprise Bags of Near-Expiry Food, Prevents Thousands of Tons of Waste, Aiming for $42 Million Revenue by 2026

China Develops Custom 140-Ton Electric Mining Truck with 770 kWh Swappable Battery, Deploys 290 Units in Xinjiang’s Largest Zinc Mine

Petrobras (PETR4) Will Announce New Billion-Dollar Investment in Regap, Americanas (AMER3) Receives Authorization to End Partnership with Vibra (VBBR3), Totvs (TOTS3) Acquires IP and Other Updates.

Check Out The Main Highlights Of The Business News This Tuesday (31)

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Without her own home and pressured by rent, a 25-year-old bought a small 15-meter boat, gradually renovated the interior by herself, transformed the interior with paint, new flooring, a larger bathroom, and started living on the canals, paying much less per month.

Heir bought 23,000 degraded acres in the Scottish Highlands, fenced the area, planted nearly 1 million native trees, and transformed empty mountains into a forest officially recognized after meeting 15 evaluation criteria over 20 years.

Petrobras Secures $2.2 Billion Contract to Build and Operate Four Support Vessels for Brazil’s Offshore Oil Fields

Oil production grows in Rio, but reserve replacement raises a warning sign

Petrobras is expected to complete the drilling of the Morpho well in the Foz do Amazonas in August 2026, the first well in the Equatorial Margin, an oil frontier that the ANP estimates at more than 30 billion barrels and could redraw the map of Brazil.

Oil returns to the center of concerns with tension between the US and Iran

IEA reduces forecast for global oil demand in 2026 after impacts of the Middle East crisis

Couple Sold Their Home to Save Business, Now Run Platform Handling $180 Million Monthly and Managing Over 51 Million Listings

Petrobras Secures $2.2 Billion Contract to Build and Operate Four Support Vessels for Brazil’s Offshore Oil Fields

Former Atacadão Employee Turns Online Cake-Baking Lessons into a Confectionery Brand with Factory, Store, Delivery, and Nearly $400,000 in Revenue

Brazilian Startup Sells Nearly 9 Million Surprise Bags of Near-Expiry Food, Prevents Thousands of Tons of Waste, Aiming for $42 Million Revenue by 2026

China Develops Custom 140-Ton Electric Mining Truck with 770 kWh Swappable Battery, Deploys 290 Units in Xinjiang’s Largest Zinc Mine