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 […]
Economy Ministry is studying band for volume of reserves 09/14/2022 Rule adds instability to the market because the Central Bank would also become a buyer of foreign currency in a moment of scarcity — Foto: Scott Eells/Bloomberg The eventual adoption of a target for foreign exchange reserves could usher in a procyclical exchange rate policy, […]
Brazil, along with 13 other commodity-producing countries, stressed recently the importance of being consulted before European decision 09/14/2022 Virginijus Sinkevicius — Foto: Silvia Zamboni/Valor The position adopted by the European Parliament on a regulation aimed at “deforestation-free” products will inevitably impact the European Union’s relations with Brazil, analysts say. “The question now is whether today’s […]
Natura’s board meets as of Wednesday to discuss a reorganization that could spin off businesses into three independent companies 09/14/2022 Natura made – and acknowledged – several mistakes in the integration with Avon, notably in the remuneration of sales consultants — Foto: Hermes de Paula/Agência O Globo By abandoning the global dream started a decade […]
New contract provides for investments of R$10.4bn in construction 09/14/2022 Tarcila Reis Jordão — Foto: Silvia Zamboni/Valor The government of São Paulo is expected to hold the Noroeste Paulista lot auction this Thursday. It is the new bidding of two toll road concessions that are coming to an end: Tebe (controlled by engineering companies) and […]
Controlling shareholders of IGB Electronics launched tender offer to buy out minority shareholders 09/13/2022 Gradiente unveiled the intention to go private by acquiring shares from minority shareholders. The transaction is a step for IGB Electronics to exit the judicial reorganization that has been dragging on since 2018. With no prospect of resuming electronics production, the […]
Companies reported highest monthly output this year, but credit crunch is affecting consumers 09/13/2022 August was an exceptional month for the automotive industry when compared to the entire period following the start of the pandemic. Production volume was the highest in the year, up 43.9% year-over-year. In addition, production through August reversed the decline to […]