ADVFN - Advanced Financial Network.
HOME» NYSE » A » AA Stock Price » AA Stock News

Alcoa Share News

 Alcoa, Inc. Stock Price
AA Stock Price
 Alcoa, Inc. Stock Chart
AA Stock Chart
 Alcoa, Inc. Stock News
AA Stock News
 Alcoa, Inc. Company Information
AA Company Information
 Alcoa, Inc. Stock Trades
AA Stock Trades

Alcoa 'Comfortable' that Brazil Will Soon Cut Energy Costs

By Diana Kinch RIO DE JANEIRO--Global aluminum producer Alcoa Inc. (AA) said Wednesday it is "comfortable" that the Brazilian government will reduce electrical energy costs in the short to medium term. "President Dilma Rousseff leads us to believe action on energy prices will be similar to the action to reduce interest rates," Franklin L. Feder, Alcoa's chief executive for Brazil and Latin America, told reporters in Rio de Janeiro. Last month, Brazil's Central Bank reduced the country's base interest rate to 8.5%, a historically low level for the country although still high by international standards. Aluminum production in Brazil is currently globally uncompetitive due to energy costs that have become the highest in the world, Feder said, with surcharges and tariffs accounting for 50% of electrical energy costs. Last week, Alcoa executives met with President Rousseff to discuss the issue, he said. Alcoa has already closed aluminum-production lines in Brazil's Rio de Janeiro and Bahia states but isn't currently planning any further closures, Feder said. Write to Diana Kinch at diana.kinch@dowjones.com.

Stock News for Alcoa (AA)
DateTimeHeadline
07/14/201418:23:21U.S. Hot Stocks: Hot Stocks to Watch
07/09/201416:22:36MARKET SNAPSHOT: U.S. Stocks Close Higher Following Fed Minutes
07/09/201415:08:12MARKET SNAPSHOT: U.S. Stocks Rise After Fed Minutes
07/09/201410:56:29MARKET SNAPSHOT: U.S. Stocks Edge Higher; FOMC Minutes On Tap
07/09/201409:53:20MARKET SNAPSHOT: U.S. Stocks Open Higher; FOMC Minutes On Tap
07/08/201416:36:29MARKET SNAPSHOT: U.S. Stocks Fall; Momentum Plays Hit Hard
07/08/201416:21:20MARKET SNAPSHOT: U.S. Stock-market Losses Led By Momentum Plays
07/08/201416:10:08MARKET SNAPSHOT: Stocks Slip As Dow Loses Hold On 17,000
07/08/201416:07:25MARKET SNAPSHOT: Stock Futures: Dow's Hold On 17,000 Looks Shaky
07/07/201417:15:59MARKET SNAPSHOT: U.S. Stocks End Lower; Biotechs, Internet Stock...
07/07/201412:18:59MARKET SNAPSHOT: U.S. Stock Market Losses Led By Small Companies
07/07/201410:09:46MARKET SNAPSHOT: U.S. Stocks Retreat From Record Levels
07/07/201407:10:50MARKET SNAPSHOT: U.S. Stocks: Futures Down; ADM In $3 Billion...
07/07/201406:05:54MARKET SNAPSHOT: U.S. Stocks: Futures Slip; ADM In $3 Billion...
07/06/201406:18:12MARKET SNAPSHOT: Stock Valuations Riding On Stellar Earnings...
06/26/201416:59:21MARKET SNAPSHOT: U.S Stocks Trim Losses After Late-day Rally
05/23/201419:56:29U.S. to Revenue Up Hacking Fight
05/20/201422:02:19Companies Bet Exposing Hacks Will Help
05/19/201420:07:14Pittsburgh-Area Firms Allegedly Targeted by Hacking
05/16/201415:50:35Alcoa, USW Reach New Labor Deal -- Update

Alcoa and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad