Trade groups, analysts and developers included in Green Yellow House have been calling for a new update of the housing program subsidies — Foto: Tomaz Silva/Agência Brasil The Brazilian Chamber of the Construction Industry (CBIC) unveiled this week the sector’s data for the quarter, which shows stability compared to the beginning of 2021. Sales are […]
The cap for sales tax ICMS rates on certain items, as proposed by the Chambers of Deputies and approved on Wednesday, may reduce inflation projections in the short term by 1 to 1.5 percentage points, while generating revenue losses for states and municipalities of R$65 billion to R$70 billion per year, especially as of 2023, […]
David Vélez — Foto: Julio Bittencourt/Valor “We are still focused on building up, and on the same strategy. In five years, we’ll talk.” This is how Nubank founder David Vélez reacted when asked in Davos, Switzerland, where the World Economic Forum is being held, about the fintech’s new dive in the stock market, which gave […]
CADE did not disclose how many stores will be sold or the deadline for the deal — Foto: Divulgação Antitrust regulator CADE approved, with restrictions, the acquisition of Big by Atacadão — Carrefour’s Brazilian subsidiary. It will require the sale of some self-service units (supermarkets, hypermarkets, cash-and-carry stores, or buyers’ clubs) of the Big group. […]
Solange Srour — Foto: Silvia Costanti/Valor Faced with a complicated scenario for inflation, which threatens to stay above the target cap for the third year in a row, as well as an exchange rate that may remain depreciated, despite a super-attractive interest differential compared to foreign countries, Brazil may face the possibility of having to […]
The lack of engagement of the federal government is leaving Brazil out of an innovative initiative by three countries — the U.S., Norway, and the United Kingdom — and a group of large companies with an initial $1 billion to protect forests. It is the Leaf Coalition (Lowering Emissions by Accelerating Forest Finance). It pays […]
Mid-sized banks are suffering more than their larger rivals in the current cycle of rising default rates. With a less diversified portfolio, a more aggressive approach to draw clients and a less attractive funding structure, these lenders tend to see the quality of their assets deteriorate more when faced by adverse macroeconomic scenarios like the […]
Guedes met UBS CEO Colm Kelleher — Foto: Reprodução/Twitter/ME Economy Minister Paulo Guedes said that “everyone is going after Brazil” at the World Economic Forum and that, with the turnaround in world geopolitics, the country will “dance” with the U.S. and China at the same time. In a conversation with journalists, Mr. Guedes said that […]
The snapshot of inflation offered by mid-month inflation index IPCA-15 in May makes it clear that Brazil is still in inflation hell, unlike what Economy Minister Paulo Guedes said last week. Inflationary pressures remain widespread, with strong increases in the prices of services, industrial products, fuels and food at home. Even with the significant deflation […]
One day after the government’s decision to change Petrobras CEO – the third in little more than a year – the market’s perception of risk regarding the company’s pricing policy has increased even more. The oil company’s board of directors meets on Wednesday, and the meeting may be decisive to define how long its pricing […]