A few hours after arriving on Monday from a flight from Los Angeles, where she lives, Stella Li, BYD’s senior vice president, headed straight to Cidade Jardim Avenue, a fashionable spot in São Paulo, where the most luxurious automobile stores in the country are lined up. In front of BYD’s first dealership in Brazil, the […]
On the eve of the session that will analyze the privatization of power giant Eletrobras, members of the public spending watchdog TCU are trying to reach an agreement on the final date for the trial. Although it is on the agenda for this Wednesday’s session, a request for examination by TCU member Vital do Rêgo […]
Lockdown measures in China are beginning to affect ocean shipping in Brazil. Exporters already face higher freight rates and difficulty in shipping goods on the Brazil-Asia route – especially those reliant on refrigerated containers, such as the meat industry. As for imports, delays and trip suggest that there will be bottlenecks in the coming months. […]
GDM — a company of Argentinian origin and headquartered in the state of Paraná — was authorized in Brazil to produce the first variety of an oleaginous developed through gene editing — soy, in this case. The seed has fewer sugars (raffinose and stachyose), which impair digestion in monogastric organisms such as humans, poultry and […]
The Federal Supreme Court is unwilling to include in this year’s agenda the lawsuit questioning the Amnesty Law, which exempted from punishment the agents accused of torturing and killing about 70 people in the so-called Araguaia Guerrilla, during the last military dictatorship in Brazil (1964-1985). Behind the scenes, there is an understanding that an election […]
Pulp prices continue to rise on the international market, with all the adjustments announced for April already implemented, amid the worsening imbalance between supply and demand. And there are no signs of any change in the short term, said Leonardo Grimaldi, head of commercial pulp, people and management at Suzano. “The fundamentals are still quite […]
Tupy, a Brazilian multinational maker of engine blocks and cylinder heads, gains a new business profile with the acquisition of MWM, a traditional truck engine manufacturer, unveiled Monday. The Joinville-based company becomes a supplier of on-demand finished products to heavy vehicle assemblers. At the same time, it enters the market of engine parts and takes […]
The average prices of imported goods are rising fast and on a widespread fashion in early 2022. Average import prices rose 32.8% year over year from January to March, while the volume of foreign purchases fell 4.3%. The rise in import prices was relatively generalized, with a 53.1% rise in commodities and a 30.8% rise […]
The combination of high interest rates and income-eroding inflation means a very favorable environment for nonperforming loans, both from individuals and companies. The figures do not confirm a substantial advance for now, which can be explained by the efforts by banks to renegotiate with their clients and give them more time or even a grace […]
Engineering companies — which used to dominate highway concessions in Brazil — have regained strength, but now with a new profile: by the association of medium-sized construction companies. This type of consortium has become usual in auctions in the sector, especially in state ones. Of eight state tenders since 2019, five were won by consortiums […]