In the coming days, the evolution of the exchange rate will be fundamental in the inflation projections that will support the decision of the Monetary Policy Committee (Copom) of the Central Bank next week. An appreciated real against the dollar, as seen earlier last week, may help the Central Bank to show an inflation projection […]
The São Paulo state government is expected to auction on Wednesday the northern stretch of Rodoanel Metropolitano. With the new concession, the expectation is to finally conclude the construction of the beltway of Greater São Paulo, which began in 1998. The contract provides for R$3 billion in investments over 31 years. Of this amount, R$1.7 […]
TIM Brasil snatched the largest slice of Oi Móvel in the alliance it made with Telefonica and Claro to buy the asset from the telecom in judicial recovery. In the acquisition, completed on April 20, TIM got about half of the spectrum and sites, and 40% of Oi’s customers. With the additional revenue, savings in […]
The strategy of betting on the appreciation of bank stocks and commodity-related companies – which yielded substantial returns in the first quarter – is slowly losing steam. As foreigners decrease the volume of their purchases in Brazil in April, local investors report a more uncertain scenario and fewer alternatives for the continuity of the Ibovespa […]
In a new cycle of strong growth, iron ore prices have attracted two major economic groups to the industry. The holding company J&F — owner of the giant meatpacker JBS — unveiled the purchase of mining company Vale’s assets in Corumbá, Mato Grosso, earlier this month. In August, Cosan, owned by businessman Rubens Ometto Silveira […]
Luiz Barsi’s office is not located in São Paulo’s Wall Street, Faria Lima Avenue, where most of Brazil’s investment banks and asset management companies are based. Instead, the investor, worth over R$4 billion, received Valor in the office of Boa Vista Investimentos in downtown São Paulo, a financial hub of decades ago. In this austere […]
The production of steel and cement is the largest emitter of CO2 among industrial companies around the world, with 15% of the total, and both sectors are racing to meet targets for reducing greenhouse gases. In this vein, Companhia Siderúrgica Nacional (CSN) starts a pilot project with technology from the Portuguese company UTIS, which will […]
The results of Brazil’s largest banks in the first quarter may help foresee the pace for the rest of the year, which is still a major unknown. On the one hand, the economy has been doing better than expected and credit growth has also surprised positively, which is likely to guarantee a good performance from […]
In view of the strong appreciation shown by the real against the dollar in the last few days, the market consensus has increasingly migrated to more appreciated exchange rates at the end of the year. If at the end of March, when the exchange rate was already at R$4.70 to the dollar, economists were still […]
The use of mediation to solve problems with creditors is gaining momentum among indebted companies, especially those in legally-backed financial restructuring. Renova Energia has chosen to try this alternative a few days ago, as well as Hotel Maksoud Plaza and department store chain Le Postiche. The measure can be a fast, low-cost solution for debtors […]