President Jair Bolsonaro (Liberal Party, PL) has a disapproval rate of 64%, the highest since the beginning of his administration, according to an XP/Ipespe poll released Thursday. On the other hand, 29% approve his government. The poll shows that 55% of respondents consider the Bolsonaro administration to be bad or terrible, while 23% see it […]
The machinery and equipment industry is likely to increase investments in Brazil this year, with injections estimated at R$15.45 billion. José Velloso, head of the Brazilian Machine and Equipment Industry Association (Abimaq), said the funds are needed to support revenue growth in 2022, estimated at 6%. “Last year, we invested R$14.52 billion, an amount 68% […]
A decree published by the federal government on the main guidelines for offshore wind projects in Brazil was well received by players in the electricity sector, who said it may unlock investments. The main point is related with the assignment of the use of physical spaces and natural resources for this type of renewable generation. […]
The contribution of agriculture – considered by economists as a pillar of the economic activity this year – to Brazilian GDP is now seen as a question mark due to the excessive rainfall in some regions and drought in others. The prevailing view is that the sector will have a positive 2022, but not as […]
Brazil had already promised — in 2020 — to eliminate the Tax on Financial Transactions (IOF) in the discussions at the Organization for Economic Cooperation and Development (OECD). This tax, in any case, would not be an obstacle for Brazil to start membership negotiations, but certainly its elimination will facilitate the country’s adaptation to the […]
India left the door open on Tuesday to seek a negotiated solution with Brazil, Australia and Guatemala over its subsidies that have an impact on the international sugar market and were condemned by a panel of the World Trade Organization. In December, the WTO published the panel’s decision, which found that New Delhi massively increased […]
Admiral Anatalício Risden Junior will be the new Brazilian director-general of Itaipu Binacional. The military takes the place of the retired general João Francisco Ferreira, who resigned on Tuesday. The information was first reported by Valor and later confirmed by Binacional. Sources in the electric sector consulted by Valor informed that his position was being […]
Antitrust watchdog CADE greenlighted the purchase of BIG by Carrefour provided that part of the stores of the chain bought is sold. There are 11 stores on the list of recommendations for divestment, according to an agreement between Carrefour and CADE. The term of the Merger Control Agreement (ACC) signed foresees structural measures related to […]
The macroeconomic challenges and uncertainties brought by the presidential elections this year have not prevented the arrival of a substantial amount of funds from foreign investors in the Brazilian stock market, which has ensured positive returns for the Ibovespa in 2022, unlike the New York markets. By January 21, the net inflow of foreign funds […]
The privatization of Petrobras and the future of its fuel prices promise to be recurrent issues in this year’s political agenda. The reactions of the main presidential hopefuls to the increase announced by the state-owned company in the prices of diesel and gasoline this month give the tone of what to expect in the debate […]