Embraer, the world’s third-largest manufacturer of commercial aircraft, is hiring 1,000 people in Brazil for different positions and levels in preparation for the projected growth cycle in the coming years. Firm demand for executive jets, expectations of an upturn in commercial aviation, entry into new markets – including the launch of a cutting-edge turboprop and […]
The decision by Avianca and Gol shareholders to move forward with the creation of a holding company reinforces the view of analysts and market experts that there are many mergers to come in the industry. The Covid-19 crisis has caused many companies to suffer severe losses and led some, like Latam, to ask for protection […]
The result of the Extended Consumer Price Index (IPCA) for April reinforces the complicated scenario for inflation. It is yet another price index showing inflationary pressures spread throughout the economy, with strong increases in food, fuel, industrial goods and services prices. It was the eighth month in a row with the 12-month inflation at double […]
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 […]