Brazil planemaker Embraer ends Q2 with backlog at $29.7 billion
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Brazil's Azul secures $650 million investment commitment
SAO PAULO, Aug 2 (Reuters) - Brazilian airline Azul said it signed an agreement with certain stakeholders for a $650 million investment in a future capitalization deal, according to a late Friday securities filing. The airline's so-called "backstop commitment agreement" must be approved by the U.S. court overseeing its bankruptcy proceedings, the filing said. In May, Azul filed for Chapter 11 bankruptcy protection in the United States after months of trying to restructure mostly pandemic-era debt.
Reuters
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Peruvian informal miners suspend talks with government due to disagreements in negotiations
LIMA, Aug 1 (Reuters) - Informal miners in Peru suspended talks with the government and may resume protests due to disagreements in negotiations, one of the protest leaders said on Friday. CONFEMIN union leader, Maximo Franco Bequer, told reporters the government refused to alter an August 17 deadline for miners to move explosives into formal "powder magazines." He said 20,000 miners who cannot meet the deadline would be excluded from a government program to formalize their work. The miners, located in the Cusco region, had suspended their two-week-long protest on July 15 that had blocked a major copper transit route used by mining firms MMG ( opens new tab, Glencore (GLEN.L), opens new tab and Hudbay ( opens new tab. Informal miners in Peru operate with temporary permits under a program created over a decade ago that the government has been trying to end. The miners say the stricter regulations to formalize their work and operate legally are too onerous and would likely leave them without employment. The union expects to meet in the coming hours to decide on new protests.
Reuters
20 hours ago
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Trump says Brazil's Lula can call him anytime
WASHINGTON/BRASILIA, Aug 1 (Reuters) - U.S. President Donald Trump said on Friday that Brazilian President Luiz Inacio Lula da Silva can call him anytime to discuss tariffs and other friction between the countries. "He can talk to me anytime he wants," Trump said of Lula, speaking to reporters at the White House. He added he was fond of the Brazilian people but "the people running Brazil did the wrong thing." Later, speaking with reporters in Brasilia, Brazil Finance Minister Fernando Haddad called Trump's remarks "great," saying he is sure Lula feels the same, and would be willing to receive a call from the U.S. president. In a post on his X account, Lula said Brazil has always been open to dialogue, although he did not mention Trump nor his earlier remarks. Trump slapped a 50% tariff on Brazil, with many exemptions, starting next week to fight what he has called a "witch hunt" against former President Jair Bolsonaro, who is on trial on charges of plotting a coup following his election loss in 2022. The U.S. also announced sanctions on a Brazilian Supreme Court justice who has been overseeing Bolsonaro's trial. Lula has rejected both the sanctions and the tariffs, calling them "unjustifiable" and an "unacceptable" interference in Brazil's justice system. Haddad said his planned virtual meeting with U.S. Treasury Secretary Scott Bessent next week will pave the way for an eventual meeting between Lula and Trump, but noted such a move would require preparation. Earlier this week, Haddad said Brazil needed assurance Lula would not face the same treatment as Ukraine's Volodymyr Zelenskiy, who came under fire from Trump and Vice President JD Vance during a heated exchange at the White House earlier this year.
