Owner of brand Phebo expects to gross R$1bn this year 09/19/2022 Christopher Freeman and Sissi Freeman — Foto: Leo Pinheiro/Valor One of the oldest companies in Brazil, Granado has optimistic plans for the coming years after getting through the pandemic without any problems. The Rio de Janeiro-based personal care brand plans to double production by […]
Group intends to buy minority stakes in regional businesses and form a holding company 19/09/2022 The asset management group Fortune One, especially focused on private equity, has been analyzing the purchase of minority stakes in retail construction businesses to create a holding company in the segment. The goal is to close partnerships with regional retailers, […]
Survey carried out by Valor shows that only one out of four market participants expect a 25-basis-point hike in key interest rate Selic on Wednesday 09/19/2022 Despite Central Bank directors’ hawkish tone in recent weeks and the evidence that monetary tightening in developed economies will gain steam, most investors believe that the monetary tightening cycle […]
Fiscal risk from legal disputes grows 66% since March, led by pensions case 09/19/2022 The Federal Supreme Court hold important, costly cases — Foto: Dorivan Marinho/SCO/STF The fiscal risk calculated by the federal government for lawsuits filed against it has reached its most critical point in the last two years: R$2.6 trillion of impact to […]
Economy Ministry’s projections foresee 2.5% GDP expansion and drop in inflation next year 19/09/2022 Economy Ministry’s building in Brasília — Foto: Marcelo Casal Jr/ABr Macroeconomic projections unveiled on Thursday by the Economy Ministry maintained an apparently optimistic tone, foreseeing relatively strong GDP growth and falling inflation at the same time. The scenario outlined by the […]
Government of Narenda Modi said country had to mitigate rising prices of grain in domestic market 16/09/2022 Brazil and other countries questioned Thursday India’s decision to restrict or ban exports of the product. Several partners showed concern about food security after the announcement. India is the world’s largest rice exporter. New Delhi announced last week […]
Funds will be used to finance acquisition of regional jets made by the Brazilian company 09/15/2022 Embraer’s production line in São José dos Campos — Foto: Carol Carquejeiro/Valor Apollo Global Management, one of the world’s largest asset managers, has set aside up to $1.5 billion to finance clients interested in buying Embraer regional jets. The move is […]
Group beat CCR and Pátria with R$1.2bn bid 09/16/2022 Ecorodovias won the auction of toll roads included in the Noroeste Paulista lot, held on Thursday. The company made a bid of R$1.24 billion in fixed concession to be paid to the government of São Paulo. The minimum price was almost symbolic, at R$7.6 million. The […]
They disbursed R$15.5bn in farm loans in July and August, more than private-sector banks 09/15/2022 Corn harvest in Campo Verde, Mato Grosso — Foto: Fernanda Pressinott/Valor Credit cooperatives extended R$15.5 billion to farmers in lines linked to the 2022/23 Crop Plan in the first two months of the season, up 11% year-over-year, and surpassed private-sector banks in terms […]
Harvest reached 126.9m tonnes, compared with 126.6m projected in August 09/15/2022 The Brazilian Association of Vegetable Oil Industries (Abiove) has revised upwards estimates for soybean harvest, processing, and exports in 2022. According to new figures released on Wednesday, the harvest reached 126.9 million tonnes, compared with 126.6 million calculated in August. Even so, the result […]