Entries by Gelcy Bueno
OECD to be strict with Brazil
Convergence of Brazilian policies with normative instruments will have to be more than promises 09/30/2022 Brazil submitted its application to join the OECD in May 2017 — Foto: Divulgação/OCDE The Bolsonaro administration is expected to present this Friday to the Organization for Economic Cooperation and Development (OECD) — on the eve of the first round of the […]
Brazil tells WTO it is ready to expand rice exports
Rice Industry Association says country can reach 3.5 million tonnes in exports, including the stocks from Mercosur neighbors 09/30/2022 While India, the world’s leading rice exporter, has restricted shipments of the grain, Brazil signaled Wednesday, in an event at the World Trade Organization (WTO), that it is ready to expand its exports and contribute to […]
Employment growth is likely to be short-lived, study suggests
Itaú survey shows that the decoupling of activity may bring down the occupation rate at the end of the year 09/30/2022 Natalia Cotarelli — Foto: Divulgação Both the labor market and economic activity in Brazil have surprised to the upside this year, but the recovery in employment has been sharper than it would be consistent with the evolution of […]
Drop in commodities prices to affect revenues
Cheaper iron ore and oil will start to reflect in second half results 29/09/2022 Brazilian companies dealing in commodities had been in an exceptional operating moment since the second half of 2020, with the recovery after the first wave of the pandemic. The rapid recovery of the world economy has caused iron ore, oil and […]
GPA has short window to improve results, CEO says
Brazil’s second-largest food retailer is seeking to recover share in the premium segment 09/29/2022 Marcelo Pimentel — Foto: Carol Carquejeiro/Valor In his first interview since taking over Brazil’s second-largest food retailer GPA (Grupo Pão de Açúcar), six months ago, CEO Marcelo Pimentel has a clear perception that there is a short window open for the […]
Retailers are more exposed to uncertainty in Brazil, Fitch says
Managing Director Ricardo Carvalho said that companies must present better results to avoid rating pressure, downgrade 09/29/2022 Guararapes and C&A are among companies that need to improve their results to bring their leverage ratios in line with the current rating, Fitch said — Foto: Matt Lloyd/Bloomberg Retail companies are the most exposed ones to the effects […]
Expansion in North, Northeast regions is priority, Aegea says
Company won the auction of two public-private partnerships to build sewage systems in Ceará 09/29/2022 Rogerio Tavares — Foto: Divulgação Aegea Saneamento will prioritize expanding in Brazil’s North and Northeast regions, said Rogério Tavares, the group’s chief institutional affairs officer. On Tuesday, the company won the auction of two public-private partnerships to build sewage systems in Ceará, taking […]
Market priced in risk of new left-wing government
Financial players work with scenario without major changes in fiscal framework, regardless of election’s outcome 09/29/2022 Anyone looking at the price of financial assets, such as the stock market and currency exchange, in the week leading up to the first round of elections could assume that politics is causing fear and instability in the financial […]
WEG to invest R$660m in capacity expansion in Brazil
Project will increase company’s production capacity of industrial engines by up to 25% in Jaraguá do Sul 09/28/2022 WEG’s factory in Brazil — Foto: Chan/Divulgação/WEG Brazilian motor maker WEG will invest R$660 million (around $120 million) over the next three years to expand its production capacity of industrial motors and electric traction in Brazil. The reason, according […]