The effects of the Russian invasion of Ukraine on commodity prices have prompted a wave of upward revisions in bank and consultancy forecasts for this year’s trade surplus. The new estimates in many cases show the prospect of a new record balance in 2022, with projections reaching more than $80 billion. An expected slowdown in […]
After a period of reduced prices as the pandemic took air tickets to the lowest level in 20 years in 2020, airfares surged again. The average price of air tickets sold in the local market in 2021 was R$494.01, up 19.28% compared with 2020 and 2% compared with 2019, data by the National Agency of […]
Brazil will probably end 2022 with an unemployment rate of at least 11%, representing about 12 million people unemployed — and without recovering the real income from work, currently damaged by the growth of inflation. This is what specialists consulted by Valor predict. Analysts with Tendências, XP, Ativa, LCA and Fundação Getulio Vargas (FGV) unanimously […]
Citi is Brazil’s ninth-largest bank by assets and the second-largest foreign one, but has outlined a plan to speed up in the country. The bank led by Marcelo Marangon has set the goal of expanding revenue by 50% in three years. To do so, it will invest more than $50 million in technology and hire […]
Brazil will join the World Trade Organization’s agreement on trade in civil aircraft. With this, it will cease to be the last relevant aircraft producer outside this understanding that eliminates import tariffs in the segment. The decision to join was confirmed by Lucas Ferraz, foreign trade secretary of the Economy Ministry, who is in Geneva […]
Brazil is expected to increase oil production this year by around 300,000 barrels a day, which will lead to a 10% increase in national production, Mines and Energy Minister Bento Albuquerque said on Wednesday at the opening of the International Energy Agency (IEA) ministerial meeting in Paris. According to Mr. Albuquerque, the increase in crude […]
Agriculture and construction have driven the growth of investments between 2019 and 2021 in the country. An exclusive study by Fipe’s Center for Capital Market Studies (Cemec-Fipe), linked to the University of São Paulo, found that the two industries accounted for two-thirds of investments in machinery and equipment between 2019 and 2021. During the period, […]
Wednesday’s trading session marked the second anniversary of when Brazil’s benchmark stock index Ibovespa reached its lowest point during the Covid-19 crash. Since then, the global economy and the capital market have gone through several cycles that helped to distorted the prices of several stocks in the Brazilian stock market. A survey carried out by […]
São Paulo – The revenue of Brazilian companies in the tourism sector reached BRL 15.3 billion (USD 3.1 billion) in January, 22.9% more than in the same month of 2021. Compared to January 2020, before the COVID-19 pandemic, the result was 19.2% lower. The data, released on Tuesday (22), are from the Federation of Trade in Goods, […]
Education Minister Milton Ribeiro was recorded admitting to give priority to the release of funds through the intermediation of evangelical pastors with no connection to the government. As a result, he has been under pressure, even by the governing coalition in Congress, to explain the news, and is likely to be summoned by the Senate […]