Senate approves tax reduction costing R$ 3.1 billion and benefiting Braskem
The Brazilian Senate has approved a temporary reduction in taxes for the chemical and petrochemical industries, primarily benefiting the company Braskem, at a cost of R$ 3.1 billion to public finances.
DPU summons 257 students who did not request compensation in Braskem case; see
The Brazilian government agency DPU has summoned students eligible for compensation related to the Braskem case who have not yet filed their requests.
Leak about R$ 3.6 billion default by Banco do Brasil is under the scrutiny of CVM
A reported R$ 3.6 billion default case involving Banco do Brasil has prompted scrutiny from Brazil's securities regulator, CVM, potentially affecting its market and the implicated company.
Braskem's shares fall 11% after Banco do Brasil reports losses of R$ 3.6 billion with a company
Braskem's shares fell by 11.26% following reports linking the company to a R$ 3.6 billion default by a single firm with Banco do Brasil.
Braskem defaulted R$ 3.6 billion to Banco do Brasil
Braskem defaulted on a R$ 3.6 billion loan from Banco do Brasil but regularized the situation in January of this year.
Chamber approves tax reduction costing R$ 3.1 billion and benefiting Braskem
The Brazilian Chamber of Deputies has approved a temporary tax reduction on PIS/Pasep and Cofins for the chemical and petrochemical industry, benefiting Braskem significantly.
Chamber approves urgent regime for tax reduction project benefiting Braskem
The Brazilian Chamber of Deputies has approved an expedited process for a project that temporarily reduces PIS/Pasep and Cofins rates for the chemical and petrochemical industry, primarily benefiting Braskem.