ArcelorMittal, the global steel giant commanded by the Indian businessman Lakshmi Mittal and his son Aditya Mittal (CEO of the company), has decided to bet high on the Brazilian market. In 12 months, the group, based in Luxembourg and headquartered in London, has approved investments of R$7.6 billion (almost $1.5 billion) in four projects to […]
Brazilian companies raised only $4.2 billion abroad in the first weeks of 2022 through the issuance of debt securities. Seven operations went to market. This is the worst begining to the start of the year since 2020, when $6.9 billion were raised in ten offers. Last year, there were 13 bond offerings on the international […]
The airports of Galeão and Santos Dumont, in Rio de Janeiro, will be auctioned to a single concessionaire in 2023, informed Thursday the Minister of Infrastructure, Tarcísio de Freitas. The announcement was made after the decision of RioGaleão, operator of Tom Jobim International Airport, to return the terminal concession to the federal government. The concessionaire […]
The volume transacted with credit, debit and prepaid cards totaled R$2.65 trillion in 2021, an increase of 33.1% over the previous year, according to figures released Thursday by the Brazilian Association of Credit Card and Services Companies (Abecs). This year, the forecast is that the industry will advance 21%, a smaller growth but still robust […]
The Brazilian solar energy market is responsible for 5.6% of the entire global demand for photovoltaic modules in 2021. This was one of the conclusions of a survey conducted by consultancy Greener with 3,767 companies in the sector between December 2021 and January 2022, to which Valor had exclusive access. One of the reasons why […]
On its way to being listed on the New York Stock Exchange (NYSE), Eve, Embraer’s urban air mobility company, started the process to obtain a type certificate for its electric vertical take-off and landing vehicle (eVTOL), or “flying car”, with the National Agency of Civil Aviation (ANAC). This certification will confirm that the new aircraft […]
During a tense session that lasted almost four hours on Wednesday, the Administrative Council for Economic Defense (CADE) approved the sale of Oi Móvel to Telefônica (owner of Vivo), TIM and Claro, joined in alliance. The approval for the operation is followed by severe measures to preserve competition, such as the obligation of telecoms to […]
The United Kingdom made a proposal for an Enhanced Trade Partnership (ETP) to Brazil, but the Foreign Affairs Ministry, known as Itamaraty, and the Ministry of Economy were disappointed with its terms and resist taking these negotiations forward. For the Jair Bolsonaro administration, the offer is unbalanced and contemplates the interests of London, but ignores […]
The Jair Bolsonaro administration reached its last year resorting to “cheap electoral populism”, “totally irresponsible” and reminiscent of the “worst practices of the PT [Workers Party] government”. This is the assessment of the monthly letter to clients of Verde Asset Management, headed by Luis Stuhlberger. In the report entitled “Economic Flat Earth Theory”, chief economist […]
Rio de Janeiro – Brazil-based oil company Petrobras announced on Thursday (9) it met all its output goals established for 2021, posting several record numbers, including pre-salt results, with an annual average 1.95 million barrels of oil equivalent per day, accounting for 70% of the company’s total output. “Our pre-salt production has been growing fast, and the record high […]