The German ambassador to Brazil, Heiko Thoms, made an appeal to the Brazilian government to condemn Russia’s attacks against Ukraine. According to him, as a member of the UN Security Council, Brazil has signed a commitment to act against violations of international law. “Brazil is one of the largest countries in the world, it is […]
Petrobras reported record annual net income of R$106.7 billion relative to 2021. The result, 15 times higher than the 2020 earnings, came above the R$100 billion projected by analysts. After a new solid earnings report, that of the fourth quarter, the company proposed another dividend distribution, amounting to R$37.3 billion, to be paid in May. […]
Rede D’Or closed an association agreement with SulAmérica, an insurance company with 4.4 million users of health and dental plans. The transaction exclusively involves shares swaps. With the transaction, Rede D’Or, the largest hospital group in the country, enters the health insurance segment. Until then, D’Or’s role in this market was to be the largest […]
The European Commission, the EU’s executive arm, will present on Wednesday a proposal to hold companies accountable for environmental damage and human rights violations in their supply chains globally. It will also crack down on activities in third countries, including Brazil. Europe has been aligning measures to increase vigilance in the relationship between trade and […]
Eletrobras’s shareholders approved Tuesday, in an online extraordinary general meeting, the terms of the privatization of Brazil’s main power utility, sources say. With the approval, the company overcomes one more step in the obstacle course to make possible its capitalization process within the expected term, in the second quarter. Valor found out that there were […]
Although geopolitical tensions have increased in recent days, given the escalation of the conflict between Russia and Ukraine, the positive dynamics of the real have been striking. With the high spread interest rate between Brazil and the foreign market and the expressive inflow of foreign capital into the domestic stock market, the foreign exchange rate […]
Science, Technology, and Innovation Minister Marcos Pontes said on Monday (Feb. 21) during an interview with TV Brasil program Uncensored, the National Institutes of Science and Technology (INCTs) shall receive around BRL 280 million ($ 54,9 million dollars) in funds for research. According to Pontes, this amount is part of the more than BRL 1 […]
The Focus bulletin of financial market expectations, released on Monday, indicates that neutral interest rate estimates are on the rise, above 4% a year. This trend, if confirmed, means that the Central Bank will have to define a higher Selic, Brazil’s benchmark interest rate, in the coming years to keep inflation in check. The market […]
Present in Brazil for a long time, having automotive components maker Metalúrgica Campo Limpo (state of São Paulo) as a landmark of its operations, the German industrial conglomerate Thyssenkrupp has new fronts to grow in the country and in South America. In March, it will be bringing to Brazil the Thyssenkrupp Uhde division, which will […]
Leveraged by the appreciation of oil prices, Petrobras is expected to disclose on Wednesday, after the closing of the markets, a robust earnings report, relative to the fourth quarter of last year, according to analysts. The expectation is that, even with the 2.8% drop in oil and gas production in 2021, the company will close […]