Admiral Anatalício Risden Junior will be the new Brazilian director-general of Itaipu Binacional. The military takes the place of the retired general João Francisco Ferreira, who resigned on Tuesday. The information was first reported by Valor and later confirmed by Binacional. Sources in the electric sector consulted by Valor informed that his position was being […]
Antitrust watchdog CADE greenlighted the purchase of BIG by Carrefour provided that part of the stores of the chain bought is sold. There are 11 stores on the list of recommendations for divestment, according to an agreement between Carrefour and CADE. The term of the Merger Control Agreement (ACC) signed foresees structural measures related to […]
The macroeconomic challenges and uncertainties brought by the presidential elections this year have not prevented the arrival of a substantial amount of funds from foreign investors in the Brazilian stock market, which has ensured positive returns for the Ibovespa in 2022, unlike the New York markets. By January 21, the net inflow of foreign funds […]
The privatization of Petrobras and the future of its fuel prices promise to be recurrent issues in this year’s political agenda. The reactions of the main presidential hopefuls to the increase announced by the state-owned company in the prices of diesel and gasoline this month give the tone of what to expect in the debate […]
The Organization for Economic Cooperation and Development (OECD) on Tuesday invited Brazil to open membership discussions — but has imposed conditions: effective protection of the environment and action on climate, including halting deforestation, as well as the fight against corruption. The invitation to Brazil and five other countries — Argentina, Peru, Romania, Bulgaria, and Croatia […]
São Paulo – Exports of ornamental stones from Brazil to the Arab countries were up 59% in 2021 year on year, grossing approximately USD 10 million. Despite not being one of the top destinations of Brazilian ornamental rocks, the industry is optimistic with the result of sales to the region, industry group Centrorochas reported. The […]
The Brazilian government has amended immigration rules to grant temporary visas to professionals working remotely in a bid to attract well-paid individuals to contribute to the country’s economy. Announced today (24), the measures establish an initial one-year visa, which can be renewed for an equal period. According to justice secretary and head of the National […]
The country’s steel industry ended 2021 with strong growth in volume of crude steel produced, domestic sales and apparent consumption, as expected, despite the sharp deceleration of indicators in the last month of the year. The data are from the Instituto Aço Brasil, which represents steelmakers. In a year marked by strong domestic demand until […]
The five asset managers that gained the most clients in 2021 together attracted almost 1.6 million new shareholders to their investment funds. Three of them are “independent” and two are linked to large banks. XP Allocation Asset Management, linked to XP, was the one that gained the most clients, with 478,700 new members. Then comes […]
The Asian Infrastructure Investment Bank (AIIB) approved its first credit operation for Brazil, in the amount of $100 million for the Minas Gerais Development Bank (BDMG). This comes four months after Brazil became an effective partner in this China-led, Beijing-based multilateral development bank. The funds are expected to be available to BDMG in three tranches […]