Brazilian banks are looking for new ways to share the burden of financing infrastructure projects with state development bank BNDES, said Fabio Barbosa , chief executive officer of Banco Santander Brasil SA.
BG Group Plc appointed Fabio Barbosa, the former finance chief at Brazilian miner Vale SA, as chief financial officer, less than two months after boosting estimates for its oil and gas resources in fields off Brazil.
BG Group Plc, the U.K.’s third- largest natural-gas producer, plans to sell $5 billion of assets in the next two years to maintain investment and production growth, and meet stronger demand for liquefied natural gas.
Vale SA , the world’s largest iron- ore miner, may opt against hedging as much as $30 billion of costs in currencies other than the U.S. dollar next year as a global “currency war” complicates foreign exchange forecasts.
Brazilian President-elect Dilma Rousseff is considering four people to replace central bank President Henrique Meirelles under her government, O Estado de S. Paulo reported, without saying where it got the information.
Jose de Menezes Berenguer Neto, head of retail, asset management and private banking at Banco Santander Brasil SA, will leave to join a unit of JPMorgan Chase & Co., two people with knowledge of the matter said.