HALISTER: Brazil Prosecutors Seek 156 Bln Reais From Samarco, BHP, Vale

Brazil Prosecutors Seek 156 Bln Reais From Samarco, BHP, Vale

(Bloomberg) -- Brazil public prosecutors are seeking compensation from Samarco, BHP and Vale for 2015 dam collapse in Minas Gerais state, Celia Neri, a spokeswoman for the public prosecutors office in Minas Gerais state, said by phone.
  • Civil suit has 352 pages, results from 6 months of investigation, prosecutors said in statement earlier
  • Prosecutors presented the civil suit on Tuesday
  • NOTE: Vale and BHP are the joint-venture partners in Samarco, which had a dam collapse last Nov. that killed as many as 19 people
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BHP AU (BHP Billiton Ltd)
1019Z BZ (Samarco Mineracao SA)
VALE5 BZ (Vale SA)

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UUID: 7947283

HALISTER: AIG Seeks to Redeem $4.1 Billion From Hedge Funds (Correct)

AIG Seeks to Redeem $4.1 Billion From Hedge Funds (Correct)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AIG US (American International Group Inc)

People
Sid Sankaran (American International Group Inc)
Peter Hancock (American International Group Inc)

Topics
Key Comm. Real Estate News

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UUID: 7947283

HALISTER: Amazon, Web Giants Shift to Reporting Real Cost of Equity Pay

Amazon, Web Giants Shift to Reporting Real Cost of Equity Pay

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AMZN US (Amazon.com Inc)
FB US (Facebook Inc)

People
Brian Olsavsky (Amazon.com Inc)
Carlos Kirjner (Sanford C Bernstein & Co Inc)
David Wehner (Facebook Inc)
Denny Fish (Janus Capital Group Inc)
Hani Durzy (LinkedIn Corp)

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UUID: 7947283

HALISTER1: Brazil Real May Resume 4.00/USD Level Even With Temer: NGO

Brazil Real May Resume 4.00/USD Level Even With Temer: NGO

(Bloomberg) -- Should it assume power as expected, the government of VP Michel Temer may fail to fix the economy in the short term, prompting BRL to retreat to weaker levels, Sidnei Nehme, director at Sao Paulo brokerage NGO Corretora says in a phone interview.
  • Eco. reforms pledged by Temer, in case President Rousseff’s impeachment is approved, are unlikely to pass in Congress in the near term
  • “It will be hard to build consensus among Congressmen. The economic adjustment may take all of Temer’s two years in government”
  • BRL YTD gains aren’t compatible with economic reality of negative growth; weak currency needed to avoid further deterioration of trade balance, current account
  • Carwash probe may continue as a risk to political scenario even after new president takes helm
    • External scenario also a risk for BRL in second half, especially given expected U.S. Fed rates hike
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Michel Temer (Federative Republic of Brazil)
Sidnei Nehme (Ngo Corretora)
Dilma Rousseff (Federative Republic of Brazil)

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UUID: 7947283