The generation investment arm of the J&F group expects to reach 1.26 GW of installed capacity by 2025 07/11/2022 With the plan to transition from an infrastructure company to a service company in the power sector, Âmbar Energia, a subsidiary of the J&F conglomerate, has an ambitious goal to invest R$6.5 billion in solar generation […]
Devices went into production at Sony’s former TV factory in the country 11/07/2022 Giovanni Cardoso — Foto: Ana Paula Paiva/Valor Sony’s brand Aiwa, which became popular in Brazil for its stereos in the 1990s and 2000s, is back in the country with a new line of TVs and audio equipment manufactured by Grupo MK, owner […]
The top ten Brazilian products in bilateral exchanges account for 91% of sales 11/07/2022 Brazil was the seventh-largest seller to China in 2021, a position that contributed to assuring a record surplus in the Brazilian trade balance last year. Among the ten countries that sold the most products last year to the world’s second-largest economy, […]
Monetary authority is excessively optimistic compared with projections of private-sector analysts 07/08/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo A survey carried out by the Central Bank with economic analysts before the last policy meeting, in June, and released Thursday morning puts at stake the inflation scenario outlined by the monetary […]
Project received $625m investment, can produce 120,000 tonnes per year 07/08/2022 Nexa, a mining company of zinc and other metals controlled by Votorantim, started this week the operations of a new mine, Aripuanã, in the namesake city, in Mato Grosso. This is one of the largest zinc projects in installation in the world and received […]
Higher interest rates, inflation and pandemic aftermath have impact, but group maintains interest in Brazil 07/08/2022 Maurici Lucena — Foto: Ana Paula Paiva/Valor Aena, the Spanish airport operator, is still interested in investing in Brazil and is studying to compete in the seventh round of concessions, scheduled for August, said the group’s CEO, Maurici Lucena. […]
Contrary to expectations, Brazil’s terms of trade fall even with rising prices abroad 07/08/2022 The expected boost that the rise in commodity prices would give to the Brazilian trade balance in 2022 did not materialize, nor does it show signs that it may happen throughout the rest of the year. Although the prices of products […]
Lawsuits seek to reach hidden assets of partners of indebted companies 07/08/2022 The pandemic has generated a record volume of lawsuits against indebted companies for concealment of assets. A survey by the Martinelli Advogados law firm shows that, in the Court of Justice of São Paulo (TJSP), 6,731 trials were handed down last year dealing […]
This offers glimpse of monetary authority’s view over factors that pressure rate 07/07/2022 Policymakers have yet to unveil their view about recent currency swings — Foto: Pexels Despite the substantial increase in the foreign exchange rate, the Brazilian Central Bank has refrained from intervening in the market by selling hard currency from its reserves since […]
Payment for positions in purchase and supply of fertilizers increased up to 60% amid the Russia-Ukraine war 07/07/2022 The war between Russia and Ukraine has boosted the demand of Brazilian agribusiness companies for professionals who work in the supply area. Under the fear of lack of inputs, the remuneration of those who work directly in […]