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Entries by Gelcy Bueno

Central Bank raises interest rate by 100 bp, to 12.75%

The Central Bank’s Monetary Policy Committee (Copom) raised the policy interest Selic rate by 100 basis points and signaled an extension of the monetary tightening cycle for its next meeting. “For its next meeting, the Committee foresees as likely an extension of the cycle, with an adjustment of lower magnitude,” the Central Bank said in […]

Brazil will ask WTO members to break more patents after Covid efforts

Brazilian delegation has prepared proposal to extend the flexibility that may eventually be agreed upon against Covid-19 — Foto: Tânia Rêgo/Agência Brasil Brazil will propose that flexibilities for patent breaking and technology transfer for the production of anti-Covid vaccines be extended to medicines and treatments against tropical and endemic diseases, sources say. The proposal will […]

Foreign capital flow reverses trend, turns negative in April

The last month with a negative balance of foreign capital at Exchange B3 was November 2021 — Foto: Divulgação Amid a more challenging global context for risk assets, with uncertainties over the growth of the world’s main economies and volatility in commodity prices, foreign investors withdrew funds from the secondary market of the local stock […]

Amazon rainforest targeted by development project

The Amazon rainforest is in a trap: the elements that reflect the failure of its unstructured occupation are also the key to solutions for the territory. The largest region in Brazil reveals the worst social indices and the highest rates of violence at the same time as it has a demographic bonus, open land with […]

Itaú Asset sees Central Bank close to ending tightening cycle

Thomas Wu — Foto: Silvia Zamboni/Valor The strategy by the Brazilian Central Bank that prioritizes keeping the Selic at a level around 13% for longer instead of raising the benchmark interest rate to even tighter levels is valid. Thomas Wu, the chief economist at Itaú Asset, believes that it is preferable that monetary policy “be […]

Analysis: Economists skeptical about tightening cycle ending this week

Less than 25% of the economic analysts consulted for the Focus survey of market expectations believe that the Central Bank’s Monetary Policy Committee (Copom) will end the monetary tightening cycle this week. This is what the map of the distribution of market expectations, released by the monetary authority, shows. Less than 25% of economic analysts […]

5G technology to drive automation, AI in Brazil

In addition to the expansion of telecommunications infrastructure like antennas and cables, the digitalization of society and the advent of 5G wireless technology will also require “invisible” services including network management and automation, with intensive use of artificial intelligence – the ability of machines to interpret data and learn. The demand for these products is […]

J&F in talks with creditors to buy Braskem’s assets

J&F Investimentos — the holding company of brothers Joesley and Wesley Batista, owners of meat processing giant JBS — has intensified talks with Novonor (formerly Odebrecht) to buy the group’s stake in petrochemical company Braskem. Valor has learned that there is no official proposal on the table, but the company has already had informal talks […]

Local markets suffer from worsening external scenario

The beginning of the week was turbulent in the global markets. Little by little, the market has been adjusting to a more challenging landscape, as the U.S. Federal Reserve is expected to speed up the tightening cycle. The looming scenario of lower liquidity helped to bring down stock markets in New York on Monday and […]

Aliansce, BR Malls to create Brazil’s largest mall operator

After four busy months, Aliansce Sonae and BR Malls finally agreed to merge operations and create the largest shopping mall company in Latin America. The company is born with 69 malls and R$38.5 billion in sales. The deal has yet to be confirmed in shareholders’ meetings of both companies, but the signs are favorable. Stocks […]