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Entries by Gelcy Bueno

Exporters to be centerpiece in Q2 earnings season

Weakening Brazilian real, commodities to boost results in the period, analysts say 07/23/2024 Iron ore was one of the commodities helped by the real’s depreciation over the dollar — Foto: Leo Pinheiro/Valor The weakening of the Brazilian real against the dollar and the increase in the price of some of the world’s main commodities likely […]

Brazil to rank among bottom 20 nations in investment levels

Investment rates are expected to stabilize at 15-16% of GDP, positioning Brazil near the end of IMF’s global rankings 07/23/2024 Ernesto Revilla — Foto: Divulgação After recent upticks in 2021 and 2022, Brazil’s investment rate is projected to stabilize at 15% to 16% of GDP from 2024 through 2029, positioning it among the bottom 20 […]

Tight job market hides high informality

Formal employment drives up employment rate; informal jobs continue to expand, with 40% of the total 07/22/2024 Lucas Assis — Foto: Claudio Belli/Valor The Brazilian job market has shown a clear trajectory of expansion in the last two years, after the pandemic crisis hit the market, which had not yet recovered from the 2015-2016 recession. […]

Americanas’s reorganization plan enters final stage

Americanas’s reorganization plan enters final stageCreditors will be paid after approval of capital increase is ratified, expected this week 07/22/2024 Americanas: fraud is now estimated at R$25bn — Foto: Domingos Peixoto/Agência O Globo Americanas’s court-supervised reorganization plan reaches its final stage this week, a year and a half after negotiations between shareholders and creditors began. […]

Agribusiness revenue drops with smaller harvests, weaker exports

Indicator expected to fall by 13.8% and reach R$953bn in 2024, the lowest figure since 2019; analysts see a normal adjustment 07/22/2024 Sérgio Vale — Foto: Claudio Belli/Valor Agricultural revenue is expected to total R$953 billion in 2024, 13.8% less than last year, already discounting inflation, reflecting a smaller harvest and weaker exports, with some […]

Newcastle disease causes Brazil to suspend chicken exports

Federal government placed a preventive embargo on sales to certain countries following confirmation of case in Rio Grande do Sul 07/19/2024 Carlos Fávaro — Foto: Leo Pinheiro/Valor The Brazilian government has preventively suspended sales of chicken meat, eggs, and other poultry products to some importing countries following confirmation of an outbreak of Newcastle disease on […]

Sabesp reaches record demand; offer below market price

Sale of 17% of shares attracted R$187bn in orders; price closed at R$67 07/19/2024 Sabesp: the final step of the process is expected to take place on Monday, with the settlement of the offer — Foto: Divulgação/Sabesp The second stage of water utility Sabesp’s privatization, in which the São Paulo government offered 17% of the […]

Finance Ministry announces R$15bn freeze in this year’s budget

A cost-cutting of R$11.2 billion was due to increased spending, and the spending freeze of R$3.8 billion was related to revenue frustration 07/19/2024 Fernando Haddad — Foto: Rovena Rosa/Agência Brasil Finance Minister Fernando Haddad announced on Thursday the freezing of R$15 billion from this year’s budget as a way of complying with the rules of the fiscal […]

Amazon, Cerrado agribusiness at risk due to environmental pressures

Report warns that 74% of agricultural land in the region may become unviable by 2060 07/18/2024 Agriculture in jeopardy: large-scale monocultures, with intensive irrigation systems and excessive use of inputs, fertilizers, and pesticides — Foto: Valter Campanato/Agência Brasil If the current agribusiness model is maintained in the future, with pressure on natural capital and producing […]

Ahead of spending cuts, Ministry of Finance maintains growth forecast

Macrofiscal Bulletin is expected to endorse official growth projection of 2.5% for this year 07/18/2024 Fernando Haddad — Foto: Leo Pinheiro/Valor The Ministry of Finance is unlikely to make any major changes to its new macroeconomic projections, according to a source consulted by Valor on Wednesday. The figures will be released this Thursday by the […]