The government is zeroing the import tax rate of several products to contain inflation, said on Wednesday the executive secretary of the Ministry of Economy, Marcelo Guaranys, in an interview to announce decisions taken by the Executive Management Committee of the Foreign Trade Chamber (Gecex/Camex). “These measures don’t reverse inflation, but businessmen think twice before […]
In less than ten years, Eve Holding, Embraer’s urban air mobility company whose shares started being traded on Tuesday on the New York Stock Exchange (NYSE), may reach the Brazilian plane maker’s current size and become its main business. By current projections, the company is expected to reach revenues of $4.5 billion in 2030, against […]
Gonzalo Uribe — Foto: Ana Paula Paiva/Valor Kimberly-Clark, the U.S.-based maker of personal care and household cleaning products, is expanding operations in Brazil in order to turn the country into the company’s innovation hub and main exporter for the Latin American market. “All Brazilian plants will produce items to be exported by the end of […]
Central Bank building — Foto: Jorge William/Agência O Globo In an environment that is more uncertain than usual, the Central Bank’s Monetary Policy Committee (Copom) has chosen, in the minutes of last week’s meeting released on Tuesday, to describe in more detail how it sees this scenario, instead of signaling what its next steps could […]
The reopening of the economy, a low base of comparison and a stable unemployment rate combined with the use of savings and a rising average income helped retailers to achieve better-than-expected results in the first quarter. Although measures such as the authorization to withdraw money from Workers’ Severance Fund (FGTS) accounts can help in the […]
Brazil has a double opportunity for the coming years. The country can both consolidate itself at another level as an important commercial and international business partner in view of the reorganization of value chains and become a global reference in clean energy and decarbonization. This is the view of Joaquim Levy, a former Finance minister, […]
The profits of Brazil’s six main state-owned companies last year will mean R$46 billion in primary revenue for the federal government, according to the calculations of the Economy Ministry. In 2021, Petrobras, Banco do Brasil, Caixa Econômica Federal, Brazilian Development Bank (BNDES), postal company Correios and power utility Eletrobras reported a positive net result of […]
With upward revisions, especially regarding prices, the Brazilian Association of Vegetable Oil Industries (Abiove) started to project the revenue of soy exports (beans, meal and oil) at $57.953 billion in 2022. The record amount is $6.51 billion higher than what was forecast by the association in March and, if materialized, will represent an increase of […]
Embraer unveiled that it has completed the business combination between its subsidiary of air vehicles for urban mobility — the so-called “flying cars” — Eve, and U.S.-based Zanite Acquisition. The merger gives rise to a new company, Eve Holding, now listed on the New York Stock Exchange. Embraer closed down 7.98% on the B3. Embraer […]
Input retailer Disam, which has 27 stores spread throughout agricultural producing regions in the state of Paraná, recently stopped selling fertilizers. According to head of commercial Carlos Zorzetto, producers do not want to pay the current high prices. In the state of Rio Grande do Sul, another important agricultural producing region, fertilizer application is expected […]