Project will increase company’s production capacity of industrial engines by up to 25% in Jaraguá do Sul 09/28/2022 WEG’s factory in Brazil — Foto: Chan/Divulgação/WEG Brazilian motor maker WEG will invest R$660 million (around $120 million) over the next three years to expand its production capacity of industrial motors and electric traction in Brazil. The reason, according […]
Documentation for bid was sent Friday to the Federal Court of Accounts 09/28/2022 A container ship docked in Santos, Brazil’s largest port — Foto: Ana Paula Paiva/Valor The Ministry of Infrastructure expects to auction Santos Port Authority, the company that manages the Port of Santos, in the second half of December. The documentation for the […]
Experts criticize mechanism, which is spent with little technical criteria 09/28/2022 Congress has been increasing its power over public health budgets year after year. Today, for every R$10 spent by the federal government in this field, deputies and senators control R$1.10. Eight years ago, they decided on the destination of R$0.20. Of this total, about […]
Study shows that low female presence in labor force affects economy 09/28/2022 Janaína Feijó — Foto: Divulgação The low presence of women in the labor market, compared to men, means that the labor force in the country today is below its potential. A survey carried out by Fundação Getulio Vargas’s Brazilian Institute of Economics (Ibre-FGV) shows […]
Central Bank’s Focus survey indicates inflation median at 5,88% in 2023 and 5% in 2023 09/27/2022 Brazilian economy had significant growth in the second quarter, of 1.2% in comparison to the previous quarter — Foto: Edilson Dantas/Agência O Globo The median of the market’s projections for the Brazilian economy growth in 2022 went up again, […]
Indicator for September saw strongest rise since August 2020 09/27/2022 Driven by favorable expectations, the Consumer Confidence Index (ICC) rose by 5.4 points in September, compared to August, to 89 points, the highest since January 2020 (90.4 points), think tank Fundação Getulio Vargas (FGV) reported Monday. It was the strongest rise of the indicator since […]
First Brazilian device will monitor corn and soy in the state of Maranhão 09/27/2022 The maiden mission of the first Brazilian agricultural nanosatellite will be to monitor corn and soy crops in the northeastern state of Maranhão. A partnership of technical and financial cooperation between the Brazilian Agricultural Research Corporation (Embrapa) and Visiona Tecnologia Espacial […]
Mining company signed R$184mi lease contract for area to install solid bulk terminal 09/27/2022 Mining company Bemisa, part of the Opportunity group, signed on Monday a contract worth R$184 million to lease an area in the Suape port complex, in Pernambuco, where it intends to build a solid bulk cargo terminal with an estimated investment […]
Ibovespa drops 2.33% and interest rates rise amid global worsening 09/27/2022 The week leading up to the elections in Brazil began in a very tense manner in the financial market. The foreign exchange rate reached R$ 5.4 to the dollar, the highest in more than two months. The benchmark stock index Ibovespa ended Monday’s session […]
Experts agree with IPC Maps data that show post-pandemic habits 09/27/2022 Sales of cell phones and accessories are expected to grow at double-digit levels this year — Foto: Brenno Carvalho/Agência O Globo The consumer market is expected to spend R$175 billion this year on telephone services, packages (TV, Internet, and phone), and the purchase of […]