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Entries by Gelcy Bueno

AES Brasil bets on diversification to return to profit

Power generation company sees better landscape after reducing losses thanks to improvement in reservoir levels 03/09/2022 AES Brasil, a subsidiary of U.S.-based AES Corp., managed to reduce losses in the fourth quarter of 2021 thanks to a substantial improvement in reservoir levels due to a more favorable rainfall regime. Now the power generation company sees […]

Samarco’s creditors rejects new plan on eve of meeting

Bondholders say that “in practice” the discount on the debt is 96.8%. 03/09/2022 On the eve of the general meeting of creditors, scheduled for Thursday, Samarco’s bondholders reacted against the new version of the judicial recovery plan, indicating that the result may be a bit further from what the mining company expected. In a document […]

Banks raise inflation projection driven by Russia invasion

For Bradesco, the country is experiencing a supply shock and monetary policy has low effectiveness to control prices 09/03/2022 Fernando Honorato Barbosa — Foto: Leo Pinheiro/Valor The banks Bradesco and BNP Paribas raised their projections for inflation in 2022 due to the global price shock. Bradesco revised its forecast to 6% from 5.4% due to […]

Private-equity firms not afraid of high interest rates

Funding totaled R$46.5bn last year, and several initiatives are now testing investor’s appetite for illiquid classes 09/03/2022 Patrick Cannel, Caio Costa, Guillaume Sagez, with Fors Capital — Foto: Silvia Zamboni/Valor The cycle of high-interest rates in Brazil has not been enough to stop private-equity companies. Last year was a busy one, especially in the venture […]

Brazilian carmakers concerned about war impact

Industry fears conflict may worsen current crisis, but says it is too early to make forecasts 09/03/2022 Luiz Carlos Moraes — Foto: Silvia Costanti/Valor After two years of pandemic, the automotive industry has not yet managed to fully overcome the impacts on the supply chain and already sees a new wave of potential problems with […]

Uber still battling with iFood after leaving meal delivery

Multinational told Brazil’s antitrust watchdog that exclusivity model was main reason for exit 08/03/2022 Uber ended on Monday meal delivery service through Uber Eats app Uber left the meal delivery market in Brazil, but continues to fight against exclusive contracts with restaurants established by iFood in the country. The multinational, which ended on Monday the […]

Higher wheat prices to reach Brazilian consumers in coming weeks

In one week, prices rose by $100 a tonne, on average, in the physical market 08/03/2022 Wheat production in Russia — Foto: Andrey Rudakov/Bloomberg With the beginning of the war between Russia and Ukraine, in one week the prices of wheat rose by $100 a tonne, on average, in the Brazilian physical market. This rise […]

Embraer enters cargo market with jet conversion

Jets are designed to meet transportation demand of e-commerce and modern trade 08/03/2022 Embraer’s converted E-Jet Embraer unveiled on Monday its entry into the air freight market with the launch of passenger-to-freight conversions of models E190F and E195F. The jets are designed to meet the transportation demand of e-commerce and modern trade, which “require fast […]

Solar financing in Brazil totaled R$16bn in 2021

Amount is more than double volume negotiated in 2020, survey shows 03/07/2022 The financing for solar power generation in Brazil totaled R$16.2 billion in 2021, according to a survey conducted by Clean Energy Latin America (Cela) with the main financial firms that foster the source. This is the third consecutive year that the country sets […]