Citi is Brazil’s ninth-largest bank by assets and the second-largest foreign one, but has outlined a plan to speed up in the country. The bank led by Marcelo Marangon has set the goal of expanding revenue by 50% in three years. To do so, it will invest more than $50 million in technology and hire […]
Brazil will join the World Trade Organization’s agreement on trade in civil aircraft. With this, it will cease to be the last relevant aircraft producer outside this understanding that eliminates import tariffs in the segment. The decision to join was confirmed by Lucas Ferraz, foreign trade secretary of the Economy Ministry, who is in Geneva […]
Brazil is expected to increase oil production this year by around 300,000 barrels a day, which will lead to a 10% increase in national production, Mines and Energy Minister Bento Albuquerque said on Wednesday at the opening of the International Energy Agency (IEA) ministerial meeting in Paris. According to Mr. Albuquerque, the increase in crude […]
Agriculture and construction have driven the growth of investments between 2019 and 2021 in the country. An exclusive study by Fipe’s Center for Capital Market Studies (Cemec-Fipe), linked to the University of São Paulo, found that the two industries accounted for two-thirds of investments in machinery and equipment between 2019 and 2021. During the period, […]
Wednesday’s trading session marked the second anniversary of when Brazil’s benchmark stock index Ibovespa reached its lowest point during the Covid-19 crash. Since then, the global economy and the capital market have gone through several cycles that helped to distorted the prices of several stocks in the Brazilian stock market. A survey carried out by […]
São Paulo – The revenue of Brazilian companies in the tourism sector reached BRL 15.3 billion (USD 3.1 billion) in January, 22.9% more than in the same month of 2021. Compared to January 2020, before the COVID-19 pandemic, the result was 19.2% lower. The data, released on Tuesday (22), are from the Federation of Trade in Goods, […]
Education Minister Milton Ribeiro was recorded admitting to give priority to the release of funds through the intermediation of evangelical pastors with no connection to the government. As a result, he has been under pressure, even by the governing coalition in Congress, to explain the news, and is likely to be summoned by the Senate […]
Braskem plans to spin off its biopolymer (green plastic) business into an independent company that will have other partners and shares traded on the stock exchange in Brazil or the United States, sources say. As a result, the Brazilian petrochemical company, which still have fossil raw material as its main source, seeks to go global […]
The presentation of three amendments to the constitutional amendment proposal PEC 63 — which had been stalled for eight years — generated expectations in the Senate that the bill will soon be put on the agenda. This proposal reinstates an additional 5% to the salary of judges and public prosecutors every five years — hence […]
*We inform you that our partner Alberto Murray Neto has been appointed to integrate, as an effective member, the Special Committee on Business Law of the Brazilian Bar Association. Alberto becomes a member, therefore, of two Commissions of the Brazilian Bar Association, namely: (a) Compliance and Integrity; and (b) Business Law.*