Brazil has launched the idea of a major worldwide commitment for countries to let agricultural products flow in global markets, despite international sanctions against Russia and problems caused by lockdown measures in China, in discussions at the World Trade Organization (WTO). The situation has become much more complicated, blocking the free flow of food, and […]
Oil prices, higher export volumes, lower costs in liquefied natural gas (LNG) imports and higher margins in diesel oil sales made Petrobras’s profit grow 38 times – or 3,718% – in the first quarter, to R$44.56 billion, compared with R$1.17 billion in the same period of 2021. In a message delivered with the results, CEO […]
The number of agreements reached by companies and individuals with the federal government for payment of tax debts reached 1.1 million in April — totaling R$263 billion in negotiated amounts. Taxpayers have been taking advantage of the so-called “tax transaction,” which allows the Attorney General’s Office of the National Treasury (PGFN) to grant discounts and […]
Oil operator PetroRecôncavo and power generation company Eneva announced Wednesday they have been invited by Petrobras to continue negotiations for the acquisition of the state-run company’s stake in the Bahia-Terra cluster. The consortium formed by the two companies now enters the negotiations as “selected binding offeror.” In March, the duo had submitted a binding offer […]
Nubank is currently facing its toughest governance test since it went public, with pomp, in December. In addition to the controversy of more than R$800 million in compensation for the management team, the lock-up period on the trading of shares sold in the IPO was set to end earlier than expected. The result is reflected […]
The second quarter is still expected to be marked by sluggish activity on the domestic market, although a “slight” upturn in demand for paper packaging has already been perceived, due to more favorable seasonality, says Klabin CEO Cristiano Teixeira. International trade, on the other hand, is likely to remain firm. “The domestic market is still […]
The rise in diesel prices and the weakening of the real against the dollar in the last few weeks have accentuated concerns about the gap between fuel prices defined by Petrobras and the international parity. The state-run company has not adjusted the prices of diesel and gasoline in Brazil for 55 days, which has hindered […]
The Brazilian Health Regulatory Agency (Anvisa) approved, after a meeting on Wednesday, the emergency use of the drug molnupiravir, produced by U.S-based pharmaceutical company Merck Sharp & Dohme (MSD), effective against Covid-19. MSD told Valor that the drug showed 89% efficacy against deaths in infected patients who started treatment up to five days after the […]
The Central Bank’s Monetary Policy Committee (Copom) raised the policy interest Selic rate by 100 basis points and signaled an extension of the monetary tightening cycle for its next meeting. “For its next meeting, the Committee foresees as likely an extension of the cycle, with an adjustment of lower magnitude,” the Central Bank said in […]
Brazilian delegation has prepared proposal to extend the flexibility that may eventually be agreed upon against Covid-19 — Foto: Tânia Rêgo/Agência Brasil Brazil will propose that flexibilities for patent breaking and technology transfer for the production of anti-Covid vaccines be extended to medicines and treatments against tropical and endemic diseases, sources say. The proposal will […]