Martin Andres Jaco — Foto: Claudio Belli/Valor BR Properties agreed to sell 12 business buildings and two plots of land to Brookfield. The deal signed Wednesday is expected to generate a net result of R$5.5 billion, the company’s chief financial officer André Bergstein said. The amount will be set aside for prepayment of debts –BR […]
Having passed the crucial stage of Eletrobras’s privatization, which was approved by the Federal Court of Accounts (TCU), Mines and Energy Minister Adolfo Sachsida will now negotiate a proposal to reduce electricity bills, which is under negotiation with Congress, and debate the use of public money for gas pipelines. The minister did not reply to […]
The Brazilian imports of Russian products accelerated at the beginning of this year at a much faster pace than the total of foreign purchases. As a consequence, the Russians, despite being at war with Ukraine, have climbed up the ranks and became, from January to April, the fifth-largest exporter to Brazil. In the same period […]
Offshore wind power generation is one alternative studied by Petrobras in the long run, considering the energy transition context, CEO José Mauro Coelho said. “Offshore wind power has great potential in Brazil and synergies with Petrobras’s operations. This is one alternative under study. There are others,” he said. In an event about the global carbon […]
Bruno Serra — Foto: Carol Carquejeiro/Valor Bruno Serra Fernandes, the Central Bank’s director of monetary policy, said Wednesday that the outlook is becoming more positive for inflation, but does not yet allow one to glimpse the beginning of the reversal of the monetary tightening cycle. According to him, the cycle seems to be coming to […]
Aroldo Cedraz — Foto: Fabio Rodrigues Pozzebom/Agência Brasil After almost five hours of speeches, the Federal Court of Accounts (TCU) passed in a floor vote Wednesday the government project for the privatization of state-run power utility Eletrobras. The majority of the TCU members followed the opinion of the rapporteur, Aroldo Cedraz, defeating TCU member Vital […]
Despite the difficult phase faced by retailers of durable and semidurable goods since last year, there are signs that April and May may have been better than the first quarter, which has made asset managers and executives more hopeful about a change in the consumer environment after the second half of the year. This started […]
The proposal to privatize Petrobras, announced by Mines and Energy Minister Adolfo Sachsida, would not ensure lower fuel prices in Brazil. That’s what Marcus D’Elia, a partner at Leggio Consultoria, and José Luiz Alquéres, advisor of the Brazilian Center for International Relations (Cebri) and former CEO of Eletrobras and Light, said in Tuesday’s live-streamed interview […]
Carlos Antonio Rocca — Foto: Silvia Zamboni/Valor The surge in Brazil’s investment rate between 2016 and 2021, to 19.2% from 15.5% of the GDP, is due entirely to the increase in the private sector’s slice, whose rate rose to 17.5% from 13.6% of the GDP in the period, while public investments shrunk to 1.64% from […]
Vital do Rêgo, a member of the Federal Court of Accounts (TCU) that requested more time to study the Eletrobras privatization trial, will tell the court this Wednesday to halt the analysis of the case until alleged irregularities in the company’s financial statements are corrected. One issue is related to a R$2.7 billion debt that […]