Group invests R$700m to produce purer steel, reduce costs and emit less CO2 10/10/2022 To modernize its technology, obtain productivity gains, and be in line with the new demands for steel with the quality required by the electric mobility industry, Gerdau is setting in motion a R$700 million investment in its Specialty Steel unit in […]
Since first round of election, local investors have increased bets on the Brazilian currency 10/10/2022 High interest rates in Brazil were already in the scenario, as was the perception that key interest rate Selic will remain unchanged over the coming months. But the results of the first round of elections improved expectations of market players […]
Group is expected to reach 6.5% of mining company’s capital with a R$22bn investment 10/10/2022 In a move that surprised investors and analysts, Cosan bought a minority stake in Vale, one of the world’s mining giants, and made it clear that its bet in the sector is high. With a combination of direct share purchases […]
Yet, general picture shows drop in share of credit, as President Bolsonaro promised in 2019 10/07/2022 Caixa Econômica Federal — Foto: Marcelo Camargo/Agência Brasil President Jair Bolsonaro took office in 2019 promising to reduce the share of state-owned banks in credit. In fact, the general picture shows a drop in their share, but a more […]
The substitution for more sustainable materials is a trend that is here to stay, CEO says 07/10/2022 Sérgio Ribas — Foto: Divulgação With an investment package of R$976 million underway, Irani Papel e Embalagem is already working on its next cycle of growth. While in the current program, called Gaia Platform, the focus is on […]
Country could jump to 48% from 12% share in voluntary market 10/07/2022 Brazil currently accounts for 12% of carbon credits issuance in the global voluntary market, with 45.28 million tonnes in credits offered, but has the potential to play a much larger role in the mitigation of emissions. A study carried out by the International […]
With acquisition, Paraná’s state-owned company has a total generating capacity of 6.7 GW 10/07/2022 Daniel Slaviero — Foto: Divulgação State-run Copel (Companhia Paranaense de Energia) has acquired the wind farms Aventura and Santa Rosa & Mundo Novo from EDP Renováveis for R$1.8 billion. In all, there are nine wind farms in operation in the municipalities […]
Pulp producer allegedly acquired properties above limits imposed by law 10/06/2022 A court in São Paulo forced Bracell, the pulp maker owned by the Asian group Royal Golden Eagle (RGE), to comply with the legal limits for the acquisition and exploitation of land in Brazil, and may later order the sale of areas or the […]
Arabica future contracts rose 1.57% on Tuesday and 1.92% on Wednesday 10/06/2022 Hailstorms damaged not only coffee crops, but also beans, vegetable and other plantations — Foto: Emater-MG/Divulgação The strong hailstorms that hit Minas Gerais state in recent days again made the prices of arabica coffee rise Wednesday in the New York Stock Exchange. The […]
IAEmp rose 1.5 points in September compared to August, strongest rise since April 10/06/2022 Rodolpho Tobler — Foto: Leo Pinheiro/Valor Influenced by good results in services, the largest employer in the economy, the employment leading indicator (IAEmp) rose 1.5 points in September compared to August, to 83.8 points. It was the strongest rise since April […]