Overall figures were not disappointing, but slowdown and interest rates are a concern 11/23/2022 Emy Shayo Cherman — Foto: Ana Paula Paiva/Valor Brazilian public companies reported good results in the third quarter, supported by the country’s better-than-expected economic activity in the period. However, the persistence of inflation and uncertainty about the interest rates are raising […]
Banks and fintechs see in the sector opening room to enhance cross-selling and financial services 11/23/2022 The opening of the food and meal card segment, which will take place as of May 2023, is expected to bring more opportunities for banks and other financial institutions to strengthen their operations in the benefits sector. With an […]
Ilan Goldfajn was supported by the United States, Canada, and Mercosur 11/22/2022 Ilan Goldfajn — Foto: Ana Paula Paiva/Valor With the decisive support of the United States, Canada and the entire Mercosur, former Brazil’s Central Bank President Ilan Goldfajn was elected Sunday president of the Inter-American Development Bank (IDB). Mr. Goldfajn, the first Brazilian in […]
Brazilian company signed an exclusivity agreement with Japan’s NH Foods 11/22/2022 NH Foods had paid nearly $135 million for BPU five years ago — Foto: Divulgação Minerva Foods is close to buying another facility abroad. The Brazilian company signed an exclusivity agreement with Japan’s NH Foods to discuss the acquisition of Breeders & Packers Uruguay […]
If privatized as announced, the state-run company will become a corporation with dispersed ownership 11/22/2022 Copel is seen by the market as a solid company with good governance — Foto: Reprodução Facebook Copel The decision of the government of Paraná to privatize Copel by trading shares held by the state in the financial market puts […]
Ultra’s company has already entered distributed generation 11/22/2022 Tabajara Bertelli — Foto: Claudio Belli/Valor A few weeks after the acquisition of startup Stella and getting into distributed solar power generation, Ultragaz — the liquefied petroleum gas (LPG) distributor of Ultra group — made a new strategic move to consolidate itself as an energy company with […]
Difference between Brazilian and U.S. real interest rates increases again after elections 11/22/2022 Thiago Mendez — Foto: Leo Pinheiro/Valor One barometer of the size of the premium demanded by the market is the spread between Brazil’s long-term real interest rate and the U.S. benchmark real rate. Real interest is the indicator that usually represents the […]
Senator Tasso Jereissati will file a proposal to amend the Constitution suggesting a way to ensure monthly payments for cash-transfer program 22/11/2022 Tasso Jereissati — Foto: André Coelho/Valor Senator Tasso Jereissati will file a proposal to amend the Constitution (PEC) suggesting an alternative way to ensure monthly payments of R$600 for the cash-transfer program Bolsa […]
Wealth and asset management firms see more interest in foreign assets after election 11/21/2022 Roberto Lee — Foto: Silvia Costanti / Valor The market jitters caused by doubts about what Brazil’s fiscal policy will look like as of 2023 left everything cheaper, from stocks to long-term fixed-income bonds to the local currency. But instead of […]
Abdib indicates an increase in investment in 2022, but the volume falls far short of what is needed 11/21/2022 The infrastructure sector could generate R$173.1 billion in new private-sector investments by 2027. Projects auctioned since 2019 account for R$96.2 billion of that. The remaining R$76.9 billion would come from auctions to be held in the […]