If the Central Bank is willing to put inflation again at the center of the target range in 2023, the Selic, Brazil’s benchmark interest rate, must be raised above the expected 13.25%, said Cassiana Fernandez, J.P. Morgan’s chief economist for Brazil. For her, in a moment of high uncertainty, it is important that the monetary […]
Mergers and acquisitions are down sharply this year in light of the economic instability abroad and in Brazil and the uncertainties caused by Russia’s war against Ukraine. In total, 134 deals were announced this year to April 10, down 14.6% year over year. The slowdown is greater when the combined amount involved is considered: it’s […]
In an auction without competition, the Integrasul Consortium won Block 3 of the Rio Grande do Sul’s state highways. The group is formed by two companies: Silva & Bertoli (of Neovia Engenharia) and Gregor Participações (Greca Asfaltos). The only bidder, the consortium offered a discount of 1.3% on the toll value. The group will need […]
Brazil will negotiate its accession to the World Trade Organization’s Agreement on Trade in Civil Aircraft, the Economy Ministry said Wednesday. The plan is to facilitate the access of Brazilian products to a global market estimated at $3 trillion. The mandate to negotiate was approved Tuesday by the Commercial Strategy Council of the Foreign Trade […]
In the south of the northern state of Roraima, land costs one seventh of real state in other large centers of agricultural production in Brazil. In spite of that, when flying over it, it is possible to see areas that have been open for decades and have been abandoned due to lack of resources. They […]
Hospital Care – a group with 13 hospitals and 30 clinics owned by Crescera and Abaporu funds, of the businessman Elie Horn – is negotiating the sale of part of its business with the insurance company Bradesco Saúde and local and foreign private-equity funds. Bradesco is interested in a 30% stake in the hospital group […]
The Brazilian monetary authority has been sailing in the dark for almost two weeks without the latest editions of the Focus survey, which collects the estimates of economic agents for several key indicators in the management of the country’s monetary policy, such as inflation (IPCA), activity (GDP), and interest rates (Selic). It does not mean, […]
The director-general of the World Trade Organization, Ngozi Okonjo-Iweala, will arrive this weekend in Brasília on her first visit to Latin America. One of her interests is to find out how much Brazil can help prevent an imminent global food crisis. If Brazil exports additional food, it could help to slow rising global prices, Ms. […]
The federal government has decided to raise salaries of all federal civil servants by 5% from July. According to sources, the decision was made on Wednesday afternoon, during a meeting between Chief of Staff Ciro Nogueira and Economy Minister Paulo Guedes. The decision had the backing of President Jair Bolsonaro. President Bolsonaro had promised to […]
In a mission to Brazil, the CEO of Dubai Multi Commodities Centre has visited Minas Gerais, Espírito Santo and São Paulo. In the headquarters of the Arab Brazilian Chamber, he addressed businesspeople and talked about what he wants from the relation with the country in sectors such as coffee and marbles. São Paulo – Coffee, […]