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Square also provided additional documentation and information to regulators on areas including the company’s products and services, as well as the proposed bank infrastructure and governance, according to the spokesman cufflinks and tie set uk online. Square’s banking ambitions come as financial technology companies expand the types of services they offer and move beyond their initial area of focus. Many are now seeking to attract deposits. Square already lends to small businesses through a partnership with a bank..
RIO DE JANEIRO/BRASILIA (Reuters) – A Brazilian Supreme Court justice on Wednesday suspended a presidential decree establishing rules for Petroleo Brasileiro SA (PETR4.SA) to sell upstream assets, casting a pall over the state-controlled oil company’s ambitious divestiture program. Justice Marco Aurélio Mello granted an injunction in a lawsuit brought by the leftist Workers Party to the Supreme Court, suspending a decree signed by President Michel Temer in April, the justice told Reuters cufflinks and tie set uk online. Part of the asset divestment program of Petrobras, as the company is known, had already been suspended by another Supreme Court justice, Ricardo Lewandowski..
The April presidential decree had reinforced an earlier agreement made between Petrobras and Brazil’s federal audit court, known as the TCU. That previous agreement was seen as a major step in allowing asset sales to go forward, after a number of lawsuits by labor unions significantly slowed and in some cases stymied divestitures. While it was not clear what immediate effects Wednesday’s decision would have, it casts doubt over the ongoing sale of Petrobras’ production and exploration assets, said Ali Hage, a partner in the oil and gas area of law firm Veirano Advogados cufflinks and tie set uk online.
Petrobras said in its five-year strategy plans released early this month that it foresees around $26.9 billion in asset sales over the next five years to reduce its significant debt load cufflinks and tie set uk online. According to Hage, the Wednesday decision could also present difficulties for oil companies in consortia with Petrobras, by undoing parts of the presidential decree that streamlined procurement in some situations. Among the companies that operate in Petrobras consortia are Royal Dutch Shell Plc (RDSa.AS), Exxon Mobil Corp (XOM.N) and Norway’s Equinor ASA (EQNR.OL)..
(Reuters) – EDF Renewables North America said on Wednesday it had formed a joint venture with oil and gas firm Royal Dutch Shell plc’s (RDSa.AS) new energies division to co-develop a lease area for offshore wind energy in New Jersey. The area, spread over 183,353 acres and located off the coast of Atlantic City, has the potential to produce about 2,500 megawatts of offshore wind energy, EDF said in a statement. The Trump administration is streamlining permits for offshore wind industry and carving out new areas for leasing to boost domestic energy production and jobs cufflinks and tie set uk online.