The Brazilian organic food market grew 12% in 2021 and handled R$6.5 billion, estimates the Organic Food Promotion Association (Organis), which expected a 10% expansion. Growth in 2022 is again expected to reach 10%, in a conservative forecast, or range from 12% to 15%, in a more consistent demand scenario. The association head Cobi Cruz […]
Revolut, Europe’s most popular digital bank and always cited by analysts as one of the best in the world, is finally arriving in Brazil. Glauber Mota, a very seasoned executive partly responsible for creating BTG’s digital bank, will lead the local operation. The group has not revealed its projected user base in the country, but […]
Former President Luiz Inácio Lula da Silva (Workers’ Party, PT) has suggested changes to Petrobras’s business plan, such as reversing the divestment policy started in 2016, after the impeachment of Dilma Rousseff. He also criticized again the state-owned company’s price policy and defended new investments in refineries. In a debate organized by his party and […]
The number of transactions through Pix surpassed those with credit or debit cards in the fourth quarter. It was the first time that the Central Bank’s instant-payment system took the first position among the most used payment methods. Most transactions represent transfers between individuals, but the figures indicate the widespread use of the system. For […]
A fine meat company controlled by the Brazilian company ARG Group, Carapreta — with three farms in the north of the state of Minas Gerais — advanced its plan to invest R$1 billion in seven years to consolidate operations, saw its results surpass initial expectations and now is putting together a new set of projects […]
Ouro Verde — one of Brazil’s largest vehicle fleet outsourcing — announced Monday that Canadian investment fund Brookfield, which owns 100% of the company since 2019, will contribute $60 million to the business this year. The new contribution is 50% higher than last year’s $40 million. The first part of the investment ($35 million) will […]
Auren Energia, a power generation company created from assets of Votorantim and CPP Investments, debuted in Novo Mercado, the strictest governance segment of the Brazilian exchange B3, valued at R$16 billion. Auren plans to expand and be among the leaders of the industry and says it is ready for acquisitions of renewable assets, a segment […]
The Focus bulletin of financial market expectations represents a first warning sign to Central Bank’s strategy of stopping interest rates hikes in May at 12.75% per year, compared with 11.75% per year now. Interest rate projections for the end of the monetary tightening cycle remained at 13% per year. But inflation expectations have gone up […]
Exporters are choosing to keep hard currency abroad despite higher interest rates in Brazil. The internalization of funds has not materialized more than a year since the beginning of the tightening cycle. A survey by Valor Data based on data by the Foreign Trade Secretariat (Secex) and the Central Bank shows that the 12-month spread […]
The NBR group, led by businessman Evandro Lira, is going to build an automaker of popular and compact vehicles made of fiberglass and carbon in Araripina, Pernambuco. The initial investment — which includes the renovation of a castor oil factory deactivated in the 1990s — is R$260 million in three years, but can reach R$1 […]