General meeting of shareholders to elect board members will be held on August 19 07/19/2022 Petrobras headquarters in Rio — Foto: Leo Pinheiro/Valor Petrobras’s Board of Directors approved on Monday, unanimously, the report of the Eligibility Committee (Celeg) that considered ineligible two candidates nominated by the Bolsonaro administration to be directors of the state-owned company: […]
Deal underscores advance of advertising groups over technology services industry 07/18/2022 Renan Mota (right), Stefano Zunino and Felipe Macedo — Foto: Divulgação Nearly 18 months since its first move to buy a software company in Brazil, WPP is making a new incursion in the technology field. The British advertising and public relations group has acquired […]
Australian group Macquarie will inject R$500m and become a partner of CLI 07/18/2022 Rumo — the logistics company of the producer of bioethanol, sugar and energy Cosan —signed last Friday the contract for the sale of two terminals in the Port of Santos to CLI (Corredor Logística e Infraestrutura), a company controlled by IG4 Capital. […]
Survey shows there is room for more medicines, vaccines to be produced here 07/18/2022 Brazil’s growing dependence on imported drugs led pharmaceutical companies to submit to the presidential candidates a package of proposals to foster local production of drugs and raw materials. The document entitled “Improving Health in Brazil – Industry Proposals” provides alternatives for […]
Company has a portfolio of 420,000 homes worldwide, 70,000 of which in Latin America 07/18/2022 Sector has been strengthened by remote work — Foto: Getty Images After completing the acquisition of Stays.net — a Brazilian company that manages reservations for real estate owners on platforms such as Booking, Airbnb, and Expedia — online travel agency […]
Credit rating agency also affirmed country’s BB- rating 07/15/2022 Fitch says revision reflects better-than-expected evolution in public finances amid successive shocks in recent years — Foto: Matt Lloyd/Bloomberg Fitch has revised Brazil’s outlook to stable from negative and affirmed the country’s long-term foreign currency rating at BB-. According to Fitch, the revision of Brazil’s outlook […]
Indicator reflects cautious atmosphere in markets and follows depreciation of Brazilian currency, stocks 07/15/2022 Brazil risk rose to 332 points on Thursday, according to IHS Markit — Foto: Silvia Zamboni/Valor Brazil risk measured by five-year credit default swap (CDS) contracts reached the highest levels since May 2020 amid a risk-averse environment both abroad and in […]
Partners Novonor, Petrobras are in no hurry to negotiate due to worsening economic scenario 07/15/2022 The process of selling the petrochemical company Braskem, whose shareholders are the Novonor group (formerly Odebrecht) and Petrobras, is stuck again. Sources familiar with the matter told Valor the two partners have made little effort to move the negotiation forward, […]
Prices increased 28.5% on average, much more than volume shipped, which is up 2.1% 07/14/2022 Cargo handling in Paranaguá: exports of soybeans, meal and oil remained at top of export list — Foto: Divulgação/Claudio Neves/Portos do Paraná Brazil’s agricultural exports remained strong and yielded $15.7 billion in June, up 31.2% year-over-year, according to data from […]
Study evaluates chances of partnerships to prosper in 26 countries 07/14/2022 Study compares countries based on 106 indicators, grouped into five categories — Foto: Fernando Martinho/Valor Brazil tops an Inter-American Development Bank (IDB) survey on the environment for public-private partnerships (PPP) in Latin America. Conducted with the Economist Intelligence Unit (EIU), the study “Infrascope LAC” […]