The decision took even creditors by surprise amid new recovery plan 09/22/2022 Aircraft belonging to ITA Transportes Aéreos — Foto: Divulgação After a huge quandary with creditors, the road and air passenger transport group Itapemirim had its judicial reorganization converted into bankruptcy by the judge of the 1st Court of Bankruptcy and Judicial Recovery of […]
Conab reduces estimate for this year’s season to 50.4 million from 53.4 million bags 09/21/2022 Adverse weather in the 2021/22 season, with prolonged periods of drought and frost in some regions, continues to impact part of Brazil’s coffee crop in this 2022/23 cycle and increase fears about the effects of the shortfall in global supply. […]
Concerns about fiscal policy going against monetary policy, however, remain in place and cast doubt on Central Bank’s ability to tame inflation 09/21/2022 Silvia Matos — Foto: Leo Pinheiro/Valor Better-than-expected signs in July and August led to a significant revision of the economic projections by Fundação Getulio Vargas’s Brazilian Institute of Economics (FGV/Ibre). In the […]
It invests in 174 businesses, totaling $4.5bn; Vale, Eletrobras have been excluded from portfolio 09/21/2022 Norway’s sovereign wealth fund — the world’s largest, with $1.2 trillion in assets — announced on Tuesday a new action plan for all companies in which it invests to achieve net-zero greenhouse gas emissions by 2050, in line with the Paris Agreement. […]
Suzano, Klabin, CMPC and Arauco are sector’s heavyweights in investments 09/21/2022 Aires Galhardo — Foto: Silvia Costanti/Valor Brazil’s pulp and paper industry continues to ride out global economic turbulence and increase investments. In addition to the R$60.4 billion already announced for expansion projects and new mills until 2028, including wood panels, Valor has learned that […]
Company, one of the largest manufacturers in the world, will launch three other models by the end of the year 09/20/2022 Jim Zhang — Foto: Silvia Zamboni/Valor The Chinese cell phone maker Oppo, one of the largest in the world, is coming to Brazil with a model that will cost R$2,999 ($580). The original price […]
Lithium, cobalt, and niobium are essential for many modern technologies — and the country has plenty of them 09/20/2022 Niobium: Brasília believes that country has essential stocks of strategic commodities and can supply companies of different origins — Foto: Reprodução The United States has signaled to Brazil its interest in having preferential access to the […]
Companies demand R$1.73bn for sale of Oi Móvel 09/20/2022 The trio of phone carriers claims from Oi the payment of R$1.73 billion due to disagreements found in the contract for the purchase of the asset — Foto: Edilson Dantas/Agência O Globo Telefônica Brasil, owner of Vivo, TIM S/A and Claro Participações Monday began a dispute […]
Container expansion and grain terminal are on the radar 09/19/2022 Fabio Siccherino — Foto: Marcelo Justo/Valor DP World is studying to expand operations in Brazil. The growth route is still under analysis, but there are some paths being studied, according to Fabio Siccherino, the company’s CEO for Brazil. One possibility under evaluation is to expand […]
Model requires regulatory overhaul to be feasible 09/19/2022 The Brazilian Development Bank (BNDES) has started studies to enable forest concessions based on the sale of carbon credits. The state-owned bank already operates in environmental projects, with the bidding of parks for tourism and forests focused on sustainable management. The idea now, however, is to expand […]