Company expects to triple its revenue to R$1.2bn by 2023 with new facilities 09/05/2022 Everton Fardin — Foto: Divulgação The shortage of photovoltaic equipment on the Brazilian market is opening up opportunities for Sengi Solar. The company is investing R$440 million to build new factories in Paraná and Pernambuco with the capacity to make 1 […]
A bet by President Jair Bolsonaro to try and reach voters of the Northeast region, program will be reduced in 2023 to 5% of what was planned 09/05/2022 The government has virtually eliminated any housing policy forecast for 2023 in the budget bill submitted to Congress. The total amount to be allocated to the National […]
Real economy businesses are expected to come back more strongly than technology companies 09/05/2022 After a sluggish year period for IPOs, investment banks project that capital markets will accelerate again as of November. After the elections, regardless of who wins the presidential race, companies will start to resume plans to raise money in the Brazilian […]
Economists are anticipating a more challenging scenario for the Central Bank to meet inflation targets 09/05/2022 Central Bank’s building in Brasília — Foto: Divulgação/Rodrigo Oliveira/Caixa Econômica Federal Fuel tax cuts will remain in place next year, which lowered financial market inflation expectations for 2023 but did not prevent them to rise in 2024 – a […]
Initial investment is R$250m, but new company still depends on approval by CADE 09/02/2022 Gustavo Werneck — Foto: Divulgação Two large and internationally renowned groups from the state of Rio Grande do Sul — Gerdau and Randon — announced this Thursday a joint venture in a segment that is quite different from their areas of […]
Creditor banks asked Apollo, BTG and J&F to improve their bids; Unipar and Ultra still interested 09/02/2022 J&F, the investment holding company of the Batista family, is studying a proposal to buy 100% of Braskem, sources say. This week, J&F executives with the syndicate of creditor banks of Novonor (ex-Odebrecht), whose shares are used as […]
Industry grew 2.2%, while service sector expanded 1.3% 09/02/2022 Result was above the median of Valor’s estimates — Foto: Edilson Dantas/Agência O Globo The June quarter was one of expansion for the Brazilian economy. GDP grew 1.2% compared to the first quarter, seasonally adjusted, data unveiled Thursday by the Brazilian statistics agency IBGE show. The […]
Ibovespa had best month of the year in August; fixed-rate and inflation-linked bonds appreciated 09/01/2022 Jerome Powell almost spoiled the fun, but the Brazilian risk assets resisted the hawkish tone used by U.S. Federal Reserve chair at the end of the Jackson Hole meeting. While question marks remain as to where monetary tightening will go […]
Mars, PremierPet, Petz, Nestlé and BRF expanded operations recently 09/01/2022 Mars had already injected R$165 million to build the Ponta Grossa facility — Foto: Divulgação Mars, owner of the brands Pedigree, Whiskas and Cesar, has joined the recent wave of investments in the pet food market, which totaled R$2.5 billion since last year. The U.S.-based […]
In the quarter through July, Brazil had 9.9 million unemployed, a contraction of 12.9% compared to previous one 09/01/2022 The unemployment rate fell to 9.1% in the quarter through July, down from 10.5% in the quarter through April and 13.7% in the same period last year, the Continuous National Household Sample Survey (Pnad) released on […]