Bloc reportedly intends to wait for presidential election in Brazil 06/16/2022 Virginijus Sinkevicius — Foto: Silvia Zamboni/Valor The European Commissioner for the Environment, Virginijus Sinkevicius, told Valor that by the end of the year, the European Union may present to Mercosur its demands for additional commitments in the environmental front. This would give a new […]
Main destination of Brazilian protein was China, up 91.3% year over year 06/15/2022 Driven by China and with significant increases in average prices, the country’s exports of beef and chicken grew in May and saw volume and revenue increase in the first months of the year. The highlight continues to be beef, which faces lower […]
Federal government pushed bill through Congress to try and fight high inflation 06/15/2022 Arthur Lira — Foto: Paulo Sergio/Câmara dos Deputados Chamber of Deputies passed Tuesday by 308 votes in favor and none against a complementary bill that cuts state tax ICMS on fuel, electricity, communications and public transport. Yet, technical problems in the lower […]
Caixa has grown in agribusiness and wants bigger share; BB fears delays in releasing credits 06/15/2022 Soy planted in Mato Grosso: state-owned banks compete for clients in Brazilian farms — Foto: Ruy Baron/Valor Banco do Brasil (BB) and Caixa Econômica Federal are fighting behind the scenes a fierce dispute for the funds of Crop Plan […]
Future curve suggests barrel north of $110 by the end of the year, 10% above Central Bank’s main scenario 06/14/2022 The main scenario for oil prices used by the Central Bank’s Monetary Policy Committee (Copom) to fine-tune its interest rate policy is being called into question amid new pressures on the commodity. The Central Bank […]
Restrictions on Brazilian steel were imposed in 2018 during the Trump administration 06/14/2022 Restrictions on Brazilian steel were imposed in 2018 during the Trump administration — Foto: Reprodução/Severstal The Biden administration has signaled to Brazil that it will not meet so soon the demand to review the quotas that limit the ingress of domestic steel […]
Brazil takes to WTO proposal to expand access of companies in public bids 06/13/2022 Lucas Ferraz — Foto: Edu Andrade/Ascom/ME In negotiations to join the Agreement on Government Procurement (GPA) of the World Trade Organization (WTO), Brazil will make this week a new offer that expands accession for foreign companies in the country’s public procurement. […]
Selic rate is expected to be raised to 13.25% on Wednesday because of worsening inflation and fiscal risk 06/13/2022 With the Selic policy interest rate already in double digits since the beginning of the year and in significantly contractionary territory, the Central Bank’s Monetary Policy Committee (Copom) meets this week to deliver a new interest […]
UNCTAD shows optimism about Brazil’s rise, unlike the rest of the world 06/10/2022 FDI flow to Brazil in 2021 reached $50.3 billion, up 77.9% from 2020 — Foto: Scott Eells/Bloomberg Brazil was the sixth country that attracted the most Foreign Direct Investment (FDI) in 2021, climbing three positions in relation to the previous year, the […]