The Organization for Economic Cooperation and Development (OECD) on Tuesday invited Brazil to open membership discussions — but has imposed conditions: effective protection of the environment and action on climate, including halting deforestation, as well as the fight against corruption. The invitation to Brazil and five other countries — Argentina, Peru, Romania, Bulgaria, and Croatia […]
São Paulo – Exports of ornamental stones from Brazil to the Arab countries were up 59% in 2021 year on year, grossing approximately USD 10 million. Despite not being one of the top destinations of Brazilian ornamental rocks, the industry is optimistic with the result of sales to the region, industry group Centrorochas reported. The […]
The Brazilian government has amended immigration rules to grant temporary visas to professionals working remotely in a bid to attract well-paid individuals to contribute to the country’s economy. Announced today (24), the measures establish an initial one-year visa, which can be renewed for an equal period. According to justice secretary and head of the National […]
The country’s steel industry ended 2021 with strong growth in volume of crude steel produced, domestic sales and apparent consumption, as expected, despite the sharp deceleration of indicators in the last month of the year. The data are from the Instituto Aço Brasil, which represents steelmakers. In a year marked by strong domestic demand until […]
The five asset managers that gained the most clients in 2021 together attracted almost 1.6 million new shareholders to their investment funds. Three of them are “independent” and two are linked to large banks. XP Allocation Asset Management, linked to XP, was the one that gained the most clients, with 478,700 new members. Then comes […]
The Asian Infrastructure Investment Bank (AIIB) approved its first credit operation for Brazil, in the amount of $100 million for the Minas Gerais Development Bank (BDMG). This comes four months after Brazil became an effective partner in this China-led, Beijing-based multilateral development bank. The funds are expected to be available to BDMG in three tranches […]
Pátria Investimentos fund closed an agreement to purchase the hydroelectric plants of British company ContourGlobal in Brazil for $313 million, including debt – Pátria will pay $162 million. The assets traded have an installed capacity of 168 megawatts (MW). The deal, expected to be completed in the second quarter, was a first step in ContourGlobal’s […]
As a child, Juliana Coelho liked numbers. For this reason, she decided to study engineering. She chose a specialization in chemistry because she knew that an engineer’s chances of launching a career in the state of Pernambuco were limited to the petrochemical complex. But when she reached the end of her penultimate year of college, […]
The government of Minas Gerais unveils this Friday the public notice of the public-private partnership of the so-called Rodoanel de Belo Horizonte. It is an ambitious project to build from scratch a 100-kilometer beltway around the state’s capital city. The project will require investments of R$5 billion, of which R$3 billion will come from the […]
The companies that tapped the capital markets to issue debt in 2021 taking advantage of the very low Selic rate will see their costs with interest expenses almost double in 2022. This is because, of the R$250 billion of funds raised last year through bond issues, 76% are pegged to the interbank deposit rate (CDI). […]