The number of transactions through Pix surpassed those with credit or debit cards in the fourth quarter. It was the first time that the Central Bank’s instant-payment system took the first position among the most used payment methods. Most transactions represent transfers between individuals, but the figures indicate the widespread use of the system. For […]
A fine meat company controlled by the Brazilian company ARG Group, Carapreta — with three farms in the north of the state of Minas Gerais — advanced its plan to invest R$1 billion in seven years to consolidate operations, saw its results surpass initial expectations and now is putting together a new set of projects […]
Ouro Verde — one of Brazil’s largest vehicle fleet outsourcing — announced Monday that Canadian investment fund Brookfield, which owns 100% of the company since 2019, will contribute $60 million to the business this year. The new contribution is 50% higher than last year’s $40 million. The first part of the investment ($35 million) will […]
Auren Energia, a power generation company created from assets of Votorantim and CPP Investments, debuted in Novo Mercado, the strictest governance segment of the Brazilian exchange B3, valued at R$16 billion. Auren plans to expand and be among the leaders of the industry and says it is ready for acquisitions of renewable assets, a segment […]
The Focus bulletin of financial market expectations represents a first warning sign to Central Bank’s strategy of stopping interest rates hikes in May at 12.75% per year, compared with 11.75% per year now. Interest rate projections for the end of the monetary tightening cycle remained at 13% per year. But inflation expectations have gone up […]
Exporters are choosing to keep hard currency abroad despite higher interest rates in Brazil. The internalization of funds has not materialized more than a year since the beginning of the tightening cycle. A survey by Valor Data based on data by the Foreign Trade Secretariat (Secex) and the Central Bank shows that the 12-month spread […]
The NBR group, led by businessman Evandro Lira, is going to build an automaker of popular and compact vehicles made of fiberglass and carbon in Araripina, Pernambuco. The initial investment — which includes the renovation of a castor oil factory deactivated in the 1990s — is R$260 million in three years, but can reach R$1 […]
ISA Cteep, a private-sector power transmission company, agreed to build the first large-scale energy storage project linked to Brazil’s National Interconnected System (SIN). The company signed a contract with a consortium that includes You.On Energia, a company specialized in energy storage systems, and TS Infraestrutura, which gathers engineering assets spun off from Toshiba. The companies […]
The 14.86% drop of the dollar against the real this year leaves no doubt that the market has been putting in prices the expressive interest differential between Brazil and the United States, which is expected to remain at high levels. Although the Federal Reserve (Fed) has started a process of monetary tightening and now indicates […]
The effects of the Russian invasion of Ukraine on commodity prices have prompted a wave of upward revisions in bank and consultancy forecasts for this year’s trade surplus. The new estimates in many cases show the prospect of a new record balance in 2022, with projections reaching more than $80 billion. An expected slowdown in […]