Economy Ministry sees risk of high default, vicious circle for borrowers 08/22/2022 Ronaldo Bento — Foto: José Cruz/Agência Brasil The offer of payroll-deduction loans for beneficiaries of the cash-transfer program Auxílio Brasil, one bet of President Jair Bolsonaro (Liberal Party, PL) to draw low-income voters, is rejected by the country’s largest private-sector banks and faces […]
Covid-19 pandemic, last year’s booming revenues helped improve expenditure by 12.4% 08/19/2022 Ursula Dias Peres — Foto: Silvia Zamboni/Valor The various and successive extraordinary conditions that have marked the current term of office of governors — such as the Covid-19 pandemic and last year’s surprising tax revenues — resulted in a larger share of state […]
Lot with airport in São Paulo and other 10 was auctioned for R$2.45bn; Aena was the only interested buyer 08/19/2022 Main lot includes São Paulo’s Congonhas airport and 10 others in Mato Grosso do Sul, Minas Gerais, and Pará — Foto: Edilson Dantas/Agência O Globo Brazil’s new round of airport auctions had little competition and […]
Monetary authority’s autonomy law foresees fixed four-year terms for president and directors with one reappointment 08/19/2022 Roberto Campos Neto — Foto: Billy Boss/Câmara dos Deputados Central Bank President Roberto Campos Neto said he will not accept a new term after 2024. “When the autonomy rule was made, I was against reappointment. I wanted to remove […]
Prices estimated for December show that Brazilian wheat will be among the most expensive in the world 08/18/2022 Even with the prospect of a record wheat harvest and supply problems in the Northern Hemisphere, Brazil is unlikely to gain ground in the international market. This is because the prices estimated for December – when the […]
Consortium, which won its second concession in Minas Gerais, plans to study new assets 08/18/2022 Equipav, a group with interests in a range of sectors including infrastructure and mining, and asset management company Perfin plan to develop together a highway concession platform in Brazil. The partnership started with two concessions in Minas Gerais, but there […]
Company mulls deals in renewable power; CEO Marcos Lutz says operational efficiency is a priority 18/08/2022 Marcos Lutz — Foto: Claudio Belli/Valor Grupo Ultra, one of the largest companies in Brazil, will focus on putting its house in order and then return to growth after raising about R$8.5 billion by selling two of its main […]
Moderna, Pfizer offer shots to fight both original virus and omicron variant 18/08/2022 U.S.-based drugmaker Moderna and Zodiac, its partner in Brazil, started March contacts with health regulator Anvisa with the intention of making a new vaccine available in the country at the beginning of 2023. Pfizer is also working to bring to the Brazilian […]
Debenture issuers seek creditors to review contracts 08/17/2022 The number of companies that have had to sit down with creditors has grown amid a worsening economic scenario and rising interest rates and inflation. This was made clear by the increase in the number of meetings of bondholders held in recent months. In most cases, the […]
Global corporate spending on cloud services reached $55bn in the second quarter, according to data from Synergy Research Group 08/17/2022 Howard Boville — Foto: Divulgação/IBM IBM, one of the largest technology companies in the world, is trying to increase its share of the cloud computing market and has Brazil, especially banks, as a niche worth […]