Russia’s invasion of Ukraine further exacerbates global inflationary pressure, but central banks are not all likely to respond in the same way. In Brazil, the most likely prescription is more interest to tackle rising prices, without much room to look at economic activity. Over the last few weeks, the foreign exchange rate had been having […]
The war between Russia and Ukraine may put even more pressure on Brazilian inflation in the short time this year, experts say. In practice, the conflict, close to oil and grain-producing regions, will raise commodity prices and Brazil will be somewhat impacted. Analysts say oil giant Petrobras could raise gasoline and diesel prices and warn […]
A Chinese company that arrived in Brazil in 2016 managed to become, in five years, the largest seller of photovoltaic panels for the solar power generation market in the country. Trina Solar imported to Brazil enough solar panels to generate about 1,500 megawatts at peak last year alone, according to data from consulting firm Greener. […]
Brazil gave a clear warning to India and several other developing countries this Wednesday at the World Trade Organization (WTO): there will be no blank check for granting agricultural subsidies at the expense of Brazilian exports. With this position, Brazil reacts to a double attempt to close agricultural markets in negotiations at the conference that […]
The European Union believes its proposal to ban the import of beef, soy, coffee and other products from deforestation and forest degradation will protect much of the Brazilian savanna, the biome called Cerrado, where 75% of the country’s agribusiness is located. In a meeting this week with agriculture ministers from the 27 EU member countries, […]
The German ambassador to Brazil, Heiko Thoms, made an appeal to the Brazilian government to condemn Russia’s attacks against Ukraine. According to him, as a member of the UN Security Council, Brazil has signed a commitment to act against violations of international law. “Brazil is one of the largest countries in the world, it is […]
Petrobras reported record annual net income of R$106.7 billion relative to 2021. The result, 15 times higher than the 2020 earnings, came above the R$100 billion projected by analysts. After a new solid earnings report, that of the fourth quarter, the company proposed another dividend distribution, amounting to R$37.3 billion, to be paid in May. […]
Rede D’Or closed an association agreement with SulAmérica, an insurance company with 4.4 million users of health and dental plans. The transaction exclusively involves shares swaps. With the transaction, Rede D’Or, the largest hospital group in the country, enters the health insurance segment. Until then, D’Or’s role in this market was to be the largest […]
The European Commission, the EU’s executive arm, will present on Wednesday a proposal to hold companies accountable for environmental damage and human rights violations in their supply chains globally. It will also crack down on activities in third countries, including Brazil. Europe has been aligning measures to increase vigilance in the relationship between trade and […]
Eletrobras’s shareholders approved Tuesday, in an online extraordinary general meeting, the terms of the privatization of Brazil’s main power utility, sources say. With the approval, the company overcomes one more step in the obstacle course to make possible its capitalization process within the expected term, in the second quarter. Valor found out that there were […]