Meanwhile, changes in management team of oil behemoth are also in standstill 06/10/2022 Fuel prices prompted change in the command of Petrobras — Foto: Leo Pinheiro/Valor The double-digit gap between diesel prices in Brazil and abroad means that Petrobras could immediately raise costs to refineries, sources told Valor. The company, however, continues to analyze the […]
After privatization by capital increase, government will hold about 40% of votes 06/10/2022 Investors say changes will help company gain efficiency — Foto: Domingos Peixoto/Agência O Globo Eletrobras managed to price at R$42 each share in the mega stock offering that will privatize the company. Eletrobras sold 802.1 million shares, raising R$33.7 billion. According to […]
Mato Grosso-based institute proposes technical, financial cooperation to foster sustainable production 06/09/2022 The Mato Grosso Meat Institute (Imac) has started a movement to try and avoid the approval of new rules by the European Union that would impose trade barriers to livestock products from the state and the country because of deforestation. In meetings with […]
Analysts say fiscal risk, approaching end of the tightening cycle will stir interest rate curve 06/09/2022 Luiz Armando Sedrani — Foto: Divulgação Even though they are at the highest level this year, long-term interest rates may not find so much support ahead for a stronger withdrawal of risk premiums. The market is already starting to […]
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, […]
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 […]
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 […]
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 […]
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, […]
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 […]