The profits of Brazil’s six main state-owned companies last year will mean R$46 billion in primary revenue for the federal government, according to the calculations of the Economy Ministry. In 2021, Petrobras, Banco do Brasil, Caixa Econômica Federal, Brazilian Development Bank (BNDES), postal company Correios and power utility Eletrobras reported a positive net result of […]
With upward revisions, especially regarding prices, the Brazilian Association of Vegetable Oil Industries (Abiove) started to project the revenue of soy exports (beans, meal and oil) at $57.953 billion in 2022. The record amount is $6.51 billion higher than what was forecast by the association in March and, if materialized, will represent an increase of […]
Embraer unveiled that it has completed the business combination between its subsidiary of air vehicles for urban mobility — the so-called “flying cars” — Eve, and U.S.-based Zanite Acquisition. The merger gives rise to a new company, Eve Holding, now listed on the New York Stock Exchange. Embraer closed down 7.98% on the B3. Embraer […]
Input retailer Disam, which has 27 stores spread throughout agricultural producing regions in the state of Paraná, recently stopped selling fertilizers. According to head of commercial Carlos Zorzetto, producers do not want to pay the current high prices. In the state of Rio Grande do Sul, another important agricultural producing region, fertilizer application is expected […]
The challenge of inflation, which was already a tough one, has become even more arduous. Inflation medium-term expectations are increasingly unanchored considering projections of market economists and the inflation priced into financial assets. The consequence is clear in the behavior of the interest rate market, which has come under pressure amid the perspective of even […]
The analysts’ mood with the Brazilian economy this year has improved, in the wake not only of a higher-than-projected carry over from 2021 to 2022, but also of stronger current data for the first and second quarter. The assessment is that the first half of the year will be positive, despite the discomfort with rising […]
Despegar, the Argentine travel group that controls Decolar, has increased its efforts to grow in Brazil. In the last three years, of the five acquisitions made, three were in Brazil, said Marcelo Grether, the company’s chief M&A and new business officer. In total, about $22 million were invested to bring Brazilian businesses to the group. […]
John Graham, CEO and president of CPP Investments, doesn’t feel uneasy about investing amid a geopolitical conflict coupled with rising inflation and interest rates in the developed world. At the head of a Canadian investment manager with more than $550 billion in assets under management worldwide, the executive believes that in times like these markets […]
The production of household appliances faces a deep decline in 2022 due to rising inflation and interest rates. The segment had already been struggling to receive inputs and saw costs soar amid a disrupted production chain and higher commodity prices brought by the pandemic. Now, consumers’ tight budgets – eroded by higher spending on food, […]
The combination of higher revenue flow, driven by surprising growth in tax collection, cash availability and rising interest rates raised the income from financial investments by states and municipalities in the most recent period. These revenues totaled R$17.7 billion considering states and state capitals in the 12 months through February. This is more than two […]