Role of Brazilian Development Bank under new administration is warning sign 01/03/2023 Vivian Lee, socia da Ibiuna Investimentos. — Foto: Carol Carquejeiro/Valor The corporate debt market is likely to start 2023 in a cautious tone after one more year of growth. Doubts about the role of the Brazilian Development Bank (BNDES) and the uncertainties common […]
In December alone, country’s trade balance totaled $4.8bn 01/03/2023 Brazil’s trade balance was positive at $62.3 billion in 2022, up 1.5% year-over-year — Foto: Pixabay Brazil’s trade balance in December meant a surplus of $4.779 billion. The number was released Tuesday by the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry and Trade […]
Weaker activity, high interest rates, and distrust in fiscal situation are main threats in 2023, says Cemec-Fipe 01/03/2023 Carlos Antonio Rocca — Foto: Silvia Zamboni/Valor The good performance of investments in the last two years was driven by factors that are losing steam or under threat. After reaching 19.6% of GDP in the third quarter […]
After one month in hospital, he lost a battle against a colon cancer 12/30/2022 Pelé — Foto: Eraldo Peres/AP The former soccer player Pelé died this Thursday, at 82 years old. The greatest soccer world idol was admitted to Albert Einstein Hospital, in São Paulo, on November 29, and his health condition worsened in recent […]
Projections for GDP growth in the year remain at the median of 0.7%, but a wave of revisions has already begun 12/30/2022 Armando Castelar Pinheiro — Foto: Ana Paula Paiva/Valor While it is making its way in Congress, the so-called Proposal to Amend the Constitution (PEC) for the Transition and the expectations surrounding President-elect Luiz […]
Agreement to suspend relief on fuels is the cause, even with higher prices at pumps 12/29/2022 The end of the fuels relief is expected to immediately cause a slight improvement in the competitiveness of hydrous ethanol and in the remuneration of the mills. However, mills are still likely to continue preferring to produce sugar in […]
End of relief is expected to return almost R$55bn to federal government next year 12/29/2022 Raul Velloso — Foto: Leonardo Rodrigues/Valor The end of federal taxes relief on fuel as of January leaves the central government deficit (National Treasury, Social Security, and the Central Bank) in 2023 closer to 1% than to 1.5% of GDP, […]
Shielding increased and improved results, but did not prevent political interference 12/27/2022 Brazil’s postal service will close this year with R$3 billion in cash — Foto: Valor Correios, Brazil’s postal service, will close this year with R$3 billion in cash, not counting debts, six times more than at the end of 2019. Oil giant Petrobras […]