Rapporteur removed article that made payment of amendments compulsory 07/13/2022 Rodrigo Pacheco — Foto: Geraldo Magela/Agência Senado The plenary of the National Congress concluded the analysis and passed Tuesday the Budget Guidelines Law (LDO) for 2023. The vote took place even after a reaction from the so-called “Centrão,” a cluster of center-to-right parties that supports […]
Roland Berger highlighted Alupar, Engie, Equatorial and Enel Brasil in Brazil in survey with 201 listed firms around the world 07/13/2022 Eletrobras’s power transmission towers — Foto: Custódio Coimbra/Agência O Globo Alupar, Engie, Equatorial and Enel Brasil are among the 23 electrical companies with the world’s best performance, a study by Roland Berger shows. The […]
Shortage of electronic components and lack of skilled labor in the U.S. are obstacles 07/13/2022 Francisco Gomes Neto — Foto: Carol Carquejeiro/Valor Embraer, the leader in the regional jet market, is on course to fulfill its forecast of aircraft deliveries for 2022, despite persistent challenges in the global supply chain. But the current quarter will […]
With a 28% share, bank is leader in Brazilian market 07/13/2022 Percy Moreira, Fernando Beyruti and Felipe Nabuco — Foto: Silvia Zamboni/Valor The new structure of Itaú Unibanco’s private bank, put in place at the beginning of the year, seeks to consolidate a global vision for the whole business with the unification of the domestic […]
Train makers seek alternatives to prop up businesses after losing steam amid economic crisis, pandemic 07/12/2022 Brazil’s rail industry is at a virtual standstill. Without large orders from cargo and passenger operators, train makers in the country are sustaining their businesses thanks to exports and revenues from services like overhauls and updates of equipment already […]
Move is aimed at reducing costs locally after federal measures failed to reduce diesel prices at pumps as much as those of other fuels 07/12/2022 Hungary’s president Katalin Novák and Brazil’s president Jair Bolsonaro met on July 11 in Brasília — Foto: José Cruz/Agência Brasil/Agência O Globo President Jair Bolsonaro said Monday the Brazilian government […]
Analysts’ median projection for Selic at end of 2023 was stable this week at 10.5% 07/12/2022 Central Bank’s building in Brasília — Foto: Divulgação/Rodrigo Oliveira/Caixa Econômica Federal Economic analysts have once again increased their inflation projections for 2024 and continue to bet on cuts in the basic interest rate in 2023, shows the Focus survey, […]
Judges decide that skyrocketing prices unbalance future crop purchase contracts 07/12/2022 Fernando Bilotti Ferreira — Foto: Divulgação Farmers have been sentenced to pay compensation for losses and damages to trading companies that operate in the commodities market. The reason is a contractual clause called washout. With the rise in grain prices, this clause has been […]
The generation investment arm of the J&F group expects to reach 1.26 GW of installed capacity by 2025 07/11/2022 With the plan to transition from an infrastructure company to a service company in the power sector, Âmbar Energia, a subsidiary of the J&F conglomerate, has an ambitious goal to invest R$6.5 billion in solar generation […]
Devices went into production at Sony’s former TV factory in the country 11/07/2022 Giovanni Cardoso — Foto: Ana Paula Paiva/Valor Sony’s brand Aiwa, which became popular in Brazil for its stereos in the 1990s and 2000s, is back in the country with a new line of TVs and audio equipment manufactured by Grupo MK, owner […]