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Entries by Gelcy Bueno

Eletrobras sees strong demand from investors

Demand could reach R$53.5bn; stock price of Brazil’s main power utility will be defined Thursday in privatization process By Maria Luíza Filgueiras, Talita Moreira — São Paulo 06/09/2022 Eletrobras’s power transmission towers — Foto: Custódio Coimbra/Agência O Globo Brazil’s main power utility Eletrobras prices Thursday its great stock offering and, on the way to privatization, […]

Fuel tax breaks offer short-term gain but slow down growth in 2023

Economists say positive impact is temporary and that inflation will follow *Alex Ribeiro — São Paulo 06/09/2022 Affonso Celso Pastore — Foto: Leo Pinheiro/Valor The government’s measures to reduce fuel prices may lower inflation and stimulate the economy in the short term, during the election period, but they will lose a good part of these […]

Analysis: Should Central Bank reassess fiscal risks?

Questions emerged after federal government’s decision to undermine fiscal anchor to hold fuel prices down 06/08/2022 Central Bank’s building in Brasília — Foto: Divulgação/Rodrigo Oliveira/Caixa Econômica Federal Market analysts have begun to discuss whether the Central Bank’s Monetary Policy Committee (Copom) should reassess its balance of risks to inflation after the government unveiled the intention […]

Reduction in fuel taxes may harm ethanol

Cheaper gasoline can make biofuel unviable because of loss of competitiveness 06/08/2022 Analysts say measure may lead owners of bi-fuel cars to fill tank with gasoline instead of ethanol — Foto: Hermes de Paula/Agência O Globo Eager to reduce fuel prices by any means, the Bolsonaro administration may end up hurting sales of a renewable […]

CBMM plans new niobium oxide plant

According to company’s plan for 2030, use of products in electric batteries for cars and other vehicles will represent 35% of revenue 06/08/2022 Ricardo Lima, Eduardo Ribeiro — Foto: Carol Carquejeiro/Valor CBMM’s main business today continues to be the use of niobium in the steel industry. But in eight years, in its plan for 2030, […]

Companies gauge interest in stock offering again

Eletrobras’s capital increase encourages capital market 08/06/2022 Companies are slowly beginning to evaluate the possibility of resorting to the capital markets to finance their expansion. In the last two weeks, sanitation companies Corsan (Rio Grande do Sul) and BRK Ambiental (São Paulo) announced that they intend to go public after some months marked by a […]

OECD to analyze Brazil’s practices, policies

Deforestation, trust in institutions among issues to be examined before admission 06/07/2022 OECD’s building in Paris — Foto: Hervé Cortinat/OECD The Organization for Economic Cooperation and Development (OECD) will examine from now Brazilian practices and policies in negotiations to evaluate the country’s admission to the organization. The assessment will range from trust in institutions to […]

Revenue from extractive industries to double by 2030

Oil, natural gas and iron ore will generate higher-than-expected collection, according to calculations by think tank Ibre/FGV 06/07/2022 Braulio Borges — Foto: Ana Paula Paiva/Valor The federal gross collection of revenues related to extractive industries – especially oil, natural gas and iron ore – is seen as reaching an annual average of 2.11% of GDP […]

Cellera teams up with Ferring for innovative medicines

Agreement includes production, commercialization of gastroenterology product 06/07/2022 Omilton Visconde Junior and Rafael Suarez — Foto: Celso Doni/Valor Brazil’s Cellera Farma has signed an agreement with the Swiss laboratory Ferring for the production and commercialization of an innovative medicine for gastroenterology healing, in the first step of a partnership that may be more comprehensive in […]

Global economic outlook boosts share buybacks in Brazil

May is second-busiest month since 2020 in Brazil, with 21 companies launching such programs 06/07/2022 São Paulo-based B3: stocks are going through strong correction in 2022 — Foto: Aloisio Mauricio/Agência O Globo Faced with volatile markets that are sensitive to the global economic scenario, stocks are going through a strong correction in 2022 and companies […]