The use of mediation to solve problems with creditors is gaining momentum among indebted companies, especially those in legally-backed financial restructuring. Renova Energia has chosen to try this alternative a few days ago, as well as Hotel Maksoud Plaza and department store chain Le Postiche. The measure can be a fast, low-cost solution for debtors […]
The demand for 5G solutions for the most diverse areas of the economy has the potential to generate BRL 101 billion ($ 21.6 billion dollars) over the next decade for companies and startups in Brazil, a study released on Tuesday (April 19) by the Ministry of Economy reads. The study also estimates that the potential […]
Shopping mall operator Aliansce Sonae made its third proposal of the year for a merger with BR Malls — and this once it had a considerable advance. BR Malls agreed to discuss the terms and take the decision to a vote of the shareholders. The previous offers had been rejected by the board. The real […]
A few hours after arriving on Monday from a flight from Los Angeles, where she lives, Stella Li, BYD’s senior vice president, headed straight to Cidade Jardim Avenue, a fashionable spot in São Paulo, where the most luxurious automobile stores in the country are lined up. In front of BYD’s first dealership in Brazil, the […]
On the eve of the session that will analyze the privatization of power giant Eletrobras, members of the public spending watchdog TCU are trying to reach an agreement on the final date for the trial. Although it is on the agenda for this Wednesday’s session, a request for examination by TCU member Vital do Rêgo […]
Lockdown measures in China are beginning to affect ocean shipping in Brazil. Exporters already face higher freight rates and difficulty in shipping goods on the Brazil-Asia route – especially those reliant on refrigerated containers, such as the meat industry. As for imports, delays and trip suggest that there will be bottlenecks in the coming months. […]
GDM — a company of Argentinian origin and headquartered in the state of Paraná — was authorized in Brazil to produce the first variety of an oleaginous developed through gene editing — soy, in this case. The seed has fewer sugars (raffinose and stachyose), which impair digestion in monogastric organisms such as humans, poultry and […]
The Federal Supreme Court is unwilling to include in this year’s agenda the lawsuit questioning the Amnesty Law, which exempted from punishment the agents accused of torturing and killing about 70 people in the so-called Araguaia Guerrilla, during the last military dictatorship in Brazil (1964-1985). Behind the scenes, there is an understanding that an election […]
Pulp prices continue to rise on the international market, with all the adjustments announced for April already implemented, amid the worsening imbalance between supply and demand. And there are no signs of any change in the short term, said Leonardo Grimaldi, head of commercial pulp, people and management at Suzano. “The fundamentals are still quite […]
Tupy, a Brazilian multinational maker of engine blocks and cylinder heads, gains a new business profile with the acquisition of MWM, a traditional truck engine manufacturer, unveiled Monday. The Joinville-based company becomes a supplier of on-demand finished products to heavy vehicle assemblers. At the same time, it enters the market of engine parts and takes […]