In a new cycle of strong growth, iron ore prices have attracted two major economic groups to the industry. The holding company J&F — owner of the giant meatpacker JBS — unveiled the purchase of mining company Vale’s assets in Corumbá, Mato Grosso, earlier this month. In August, Cosan, owned by businessman Rubens Ometto Silveira […]
Luiz Barsi’s office is not located in São Paulo’s Wall Street, Faria Lima Avenue, where most of Brazil’s investment banks and asset management companies are based. Instead, the investor, worth over R$4 billion, received Valor in the office of Boa Vista Investimentos in downtown São Paulo, a financial hub of decades ago. In this austere […]
The production of steel and cement is the largest emitter of CO2 among industrial companies around the world, with 15% of the total, and both sectors are racing to meet targets for reducing greenhouse gases. In this vein, Companhia Siderúrgica Nacional (CSN) starts a pilot project with technology from the Portuguese company UTIS, which will […]
The results of Brazil’s largest banks in the first quarter may help foresee the pace for the rest of the year, which is still a major unknown. On the one hand, the economy has been doing better than expected and credit growth has also surprised positively, which is likely to guarantee a good performance from […]
In view of the strong appreciation shown by the real against the dollar in the last few days, the market consensus has increasingly migrated to more appreciated exchange rates at the end of the year. If at the end of March, when the exchange rate was already at R$4.70 to the dollar, economists were still […]
The use of mediation to solve problems with creditors is gaining momentum among indebted companies, especially those in legally-backed financial restructuring. Renova Energia has chosen to try this alternative a few days ago, as well as Hotel Maksoud Plaza and department store chain Le Postiche. The measure can be a fast, low-cost solution for debtors […]
The demand for 5G solutions for the most diverse areas of the economy has the potential to generate BRL 101 billion ($ 21.6 billion dollars) over the next decade for companies and startups in Brazil, a study released on Tuesday (April 19) by the Ministry of Economy reads. The study also estimates that the potential […]
Shopping mall operator Aliansce Sonae made its third proposal of the year for a merger with BR Malls — and this once it had a considerable advance. BR Malls agreed to discuss the terms and take the decision to a vote of the shareholders. The previous offers had been rejected by the board. The real […]
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 […]