The volume transacted with credit, debit and prepaid cards totaled R$2.65 trillion in 2021, an increase of 33.1% over the previous year, according to figures released Thursday by the Brazilian Association of Credit Card and Services Companies (Abecs). This year, the forecast is that the industry will advance 21%, a smaller growth but still robust […]
The Brazilian solar energy market is responsible for 5.6% of the entire global demand for photovoltaic modules in 2021. This was one of the conclusions of a survey conducted by consultancy Greener with 3,767 companies in the sector between December 2021 and January 2022, to which Valor had exclusive access. One of the reasons why […]
On its way to being listed on the New York Stock Exchange (NYSE), Eve, Embraer’s urban air mobility company, started the process to obtain a type certificate for its electric vertical take-off and landing vehicle (eVTOL), or “flying car”, with the National Agency of Civil Aviation (ANAC). This certification will confirm that the new aircraft […]
During a tense session that lasted almost four hours on Wednesday, the Administrative Council for Economic Defense (CADE) approved the sale of Oi Móvel to Telefônica (owner of Vivo), TIM and Claro, joined in alliance. The approval for the operation is followed by severe measures to preserve competition, such as the obligation of telecoms to […]
The United Kingdom made a proposal for an Enhanced Trade Partnership (ETP) to Brazil, but the Foreign Affairs Ministry, known as Itamaraty, and the Ministry of Economy were disappointed with its terms and resist taking these negotiations forward. For the Jair Bolsonaro administration, the offer is unbalanced and contemplates the interests of London, but ignores […]
The Jair Bolsonaro administration reached its last year resorting to “cheap electoral populism”, “totally irresponsible” and reminiscent of the “worst practices of the PT [Workers Party] government”. This is the assessment of the monthly letter to clients of Verde Asset Management, headed by Luis Stuhlberger. In the report entitled “Economic Flat Earth Theory”, chief economist […]
Rio de Janeiro – Brazil-based oil company Petrobras announced on Thursday (9) it met all its output goals established for 2021, posting several record numbers, including pre-salt results, with an annual average 1.95 million barrels of oil equivalent per day, accounting for 70% of the company’s total output. “Our pre-salt production has been growing fast, and the record high […]
Minerva Foods, the largest beef exporter in South America, announced it became the first company in the segment to monitor 100% of its cattle suppliers in Paraguay. In the Paraguayan Chaco, Minerva claims to have more than 3,000 supplier farms. In the region, it already has 11.8 million hectares mapped through the SMGeo system, developed […]
The Mater Dei hospital network is buying 95% of Emec, the largest private hospital in Feira de Santana (state of Bahia), for around R$200 million. This is the group’s second acquisition in the first 40 days of the year. In January, the network disbursed almost R$250 million for Hospital Premium, in Goiânia (state of Goiás). […]
At the age of 14, Celso Athayde’s task was to help his mother take other children from the Favela do Sapo, in Rio de Janeiro’s west zone, to the beach in exchange for payment. The informal business, called “Mãe Praieira”, gave parents the tranquility to go out to work without the fear of leaving their […]