The federal government has decided to raise salaries of all federal civil servants by 5% from July. According to sources, the decision was made on Wednesday afternoon, during a meeting between Chief of Staff Ciro Nogueira and Economy Minister Paulo Guedes. The decision had the backing of President Jair Bolsonaro. President Bolsonaro had promised to […]
In a mission to Brazil, the CEO of Dubai Multi Commodities Centre has visited Minas Gerais, Espírito Santo and São Paulo. In the headquarters of the Arab Brazilian Chamber, he addressed businesspeople and talked about what he wants from the relation with the country in sectors such as coffee and marbles. São Paulo – Coffee, […]
Brazilian companies raised R$105.2 billion in the local capital market in the first quarter of 2022, the association of securities firms Anbima said. This is an all-time-high amount for a first quarter since records began. Fixed-income issues stood out amid double-digit interest rates. Companies raised R$93.5 billion through bonds and other instruments between January and […]
Airbus ended Tuesday, in São Paulo, the demonstration tour of the A220 model in South America, a market where the new family of aircraft – formerly part of Bombardier’s CSeries program – has not yet won customers. The European plane maker vows to deliver lower operating cost than large narrow-body jets and offer more seats […]
Activity in the services sector fell by 0.2% in February, compared to January, according to the Monthly Services Survey (PMS) released Tuesday by the statistics agency IBGE. The seasonally adjusted result was well below the median estimate of 20 consulting and financial firms consulted by Valor Data, which estimated a growth of 0.7%. The projections […]
The inflation surge is expected to virtually annul the government’s attempt to offer support to household income and, consequently, to consumer spending, with fiscal stimulus measures such as the release of money from the Workers’ Severance Fund (FGTS) from this month on, a study by Santander shows. Economists Gabriel Couto and Ítalo Franca estimate that […]
Private-equity funds made investments of R$11.6 billion in Brazilian companies in the first quarter, up 8.4% year over year. The faster pace, this time, appears among the portfolios that invest in more mature companies, with R$5.2 billion, compared to R$1.9 billion in the same period in 2021. The venture capital portfolios, which focus on projects […]
The Brazilian cement market, strongly affected by rains in some regions of the country in January and February, closed the first quarter of the year with a decline of 2.4% in sales, said SNIC, a trade association representing companies in the sector. In March, however, there was some recovery, with a 0.3% increase in sales, […]
Telecom Vivo announced on Monday the creation of its first corporate venture capital (CVC) fund to invest R$320 million in startups over the next five years. The amount makes Vivo Ventures one of the largest CVCs in Brazil. The company plans to invest in 12 to 20 startups, with stakes in the range of R$15 […]
Thales, a heavyweight of the global aerospace industry, has joined forces with Eve to help it develop electric vertical take-off and landing vehicles (eVTOLs). Initially, the French multinational and Embraer-controlled company will conduct joint studies for 12 months starting in January, focusing on the aircraft’s systems. But the partnership can be extended to the other […]