In the quarter through July, Brazil had 9.9 million unemployed, a contraction of 12.9% compared to previous one 09/01/2022 The unemployment rate fell to 9.1% in the quarter through July, down from 10.5% in the quarter through April and 13.7% in the same period last year, the Continuous National Household Sample Survey (Pnad) released on […]
Reopening – after the end of social distancing measures put in place to fight Covid-19 – boosted activity 09/01/2022 GDP climbed 1.2% compared with the first quarter, seasonally adjusted — Foto: Dado Galdieri/Bloomberg The Brazilian economy grew strongly in the second quarter, with a substantial increase in household consumption and investment, on the demand side, […]
08/01/2022 FEW CELL PHONES IN BRAZIL SUPPORT STANDALONE 5G Telecoms regulator Anatel says technology will require certain amount of time Less than 5% of cell phones in operation in Brazil are ready to receive the standalone 5G signal, which was launched Friday in Porto Alegre, João Pessoa and Belo Horizonte. The warning has been repeated […]
Petrobras, Petronas, BP, Shell and Chevron showed interest; number of companies registered is seen as a positive sign 08/31/2022 Rodolfo Saboia — Foto: Leo Pinheiro/Valor The auction of ultra-deep pre-salt areas, scheduled for December, is likely to draw competition for the assets, said Rodolfo Saboia, the director general of the National Petroleum Agency (ANP). The […]
Company became largest operator of medium-sized airports and grew fourfold in five years 08/31/2022 Wanderley Galhiego Jr. — Foto: Carol Carquejeiro/Valor After a strong expansion cycle in recent years, Socicam is now entering a moment of internal reorganization and focusing on recently won contracts. The company, founded 50 years ago to manage bus terminals, has […]
Market resumes expansion and has already grown 40% in first half 08/31/2022 Aline Milani — Foto: Divulgação The good performance of the Brazilian agribusiness, supported by record harvests and high international prices of commodities such as soy and corn, keeps producers capitalized and continues to stimulate the upgrade of agricultural machines and equipment, with expressive […]
Projections indicate that economy’s performance in first half will drive year’s result 08/30/2022 The good performance of the Brazilian economy in the first half of the year may account almost alone for GDP growth in the full year 2022. The dynamism bolstered especially by the services sector, however, is not expected to remain in the […]
Tax benefit ends officially on December 31, but President Bolsonaro has already signaled he would seek its extension 08/30/2022 Jair Bolsonaro — Foto: Cristiano Mariz/Agência O Globo The fuel tax relief, a trump card of President Jair Bolsonaro’s (PL) in the election campaign, is expected to be maintained next year. The tax benefit ends officially […]
Out-of-court agreements gain ground as businesses focus on changing their debt profiles 08/30/2022 Cemig’s building — Foto: Divulgação Companies are intensifying talks with financial consultants and law firms specializing in restructuring to renegotiate their debts with creditors, sources say. With the increase in the cost of capital due to the high interest rates and limited […]
Global crisis and local factors reduced investor appetite, survey by PwC and ABFintechs shows 08/29/2022 At a time of scarce IPOs and fewer, smaller checks from venture-capital funds, 80% of fintechs are seeking capital or intend to do so in the next 12 months, according to data by Fintech Deep Dive 2022, a survey held […]