After 44 years in operation, the São Simão hydroelectric plant will undergo modernization. The Hydro division of GE Renewable Energy and SPIC Brasil, a subsidiary of State Power Investment Corporation of China (SPIC), signed a R$700 million contract for the modernization of the plant’s generating units and auxiliary services. The contract provides for the supply […]
XP intends to strengthen its hand in the space it considers less busy in the corporate segment: that of companies with cash surpluses rather than those that require credit – and typically provide better returns to banks. After revenues in the segment reached R$850 million last year, compared with zero three years earlier, the platform […]
The economic activity fell 1.4% in January compared to December, according to GDP Monitor — an indicator calculated by think tank Fundação Getulio Vargas (FGV) to measure the monthly evolution of the economy, unveiled on Monday. Claudio Considera, the economist in charge of the readings, says that the result indicates stagnation in the economic activity […]
GreenYellow wants to expand in electric mobility, energy storage and digital services in Brazil. The goal is to complement activities in energy efficiency and distributed solar generation, fields in which the subsidiary of the French group Casino has been operating here since 2013, said Roberto Zerkowsky, the company’s country head. GreenYellow expects to invest R$350 […]
After receiving R$73 billion in foreign funds this year to March 16, more than any full year since official records began in 1994, the secondary market of B3 may see the flow slowdown in the coming months as the global landscape for stocks undergoes adjustments, asset managers told Valor. To be sure, global investors continue […]
After years of preparation, the phone carriers that won the auction last November are beginning to put in place the fifth-generation mobile network in Brazil. Algar, América Móvil’s Claro and Telefónica’s Vivo have already started using one of the auctioned frequencies, 2.3 Ghz, to offer 5G connection in specific places. Telecom Italia’s TIM, on the […]
In the wake of the Russia-Ukraine war and the economic slowdown at the end of last year, the Bolsonaro administration has cut its estimate for GDP growth in 2022 to 1.5%, from the 2.1% previously projected. Despite the cut, the government’s expectation remains well above the 0.49% expected by the market, according to the latest […]
After a 2021 full of volatility and uncertainties, retail will not have an easy life in 2022. Major retailers in the country have been signaling, in conferences call on results in recent days, that the sector was already managing greater pressures on expenses, such as rents and labor, in addition to the escalation of costs […]
A new 10% cut in Mercosur’s Common External Tariff (CET) this year depends mainly on two measures being prepared by the federal government and linked to maritime transport. The Economy Ministry believes that the approval of these measures would help to reduce the cost of production in Brazil and pave the way for a further […]
Economic analysts, in general, understood that the Central Bank’s Monetary Policy Committee (Copom) signaled a rate of 12.75% per year at the end of the current interest rate tightening cycle. Yet many still see this level as the floor for the Selic, Brazil’s benchmark interest rate. Economists and traders told Valor that the end-of-cycle signal, […]