After three and a half years, Brazil is expected to have again a double-digit basic interest rate (Selic), after the first meeting of the Central Bank´s Monetary Policy Committee (Copom) in 2022, this Wednesday. The prevailing expectation in the market is that benchmark interest rate Selic will rise to 10.75% per year and will not […]
Improvement in informal work led to increase; 47.2% expect to consume less 01/02/2022 Consumption grows, but inflation worries After two months of decline, the Household Consumption Intention (ICF) indicator of the National Confederation of Commerce of Goods, Services and Tourism (CNC) rose 1.1% in January compared to December, to 76.2 points, and reached the highest […]
Deal closed for R$ 16.5 billion will have conditions and depends on antitrust watchdog Cade 01/02/2022 The board of directors of the Brazilian Telecommunications Regulatory Agency (Anatel) approved unanimously on Monday the purchase of Oi’s mobile services operation by the consortium formed by telecoms Vivo, TIM and Claro. The agency established conditions for the transaction, […]
THE TIGER YEAR
Measure could work as a counterpoint to salary readjustments in the states and to contain inflation 02/01/2022 Part of the Economy minister Paulo Guedes’ agenda, the elimination of the Industrialized Products Tax (IPI) on all products, except cigarettes and alcoholic drinks, returned to the discussions of the economic team. This time, it came to be […]
Brazil’s telecoms regulator Anatel greenlighted the request of Starlink, owned by billionaire Elon Musk, to start commercial operation of its satellite system in Brazil. The company is interested in using the satellite “constellation” project, supported by SpaceX, also founded by the businessman, to start offering broadband internet connection in the country. During a meeting of […]
At the end of 2021, concerns over weak economic activity dominated the debate over the direction of monetary policy. At the beginning of 2022, recent news suggests even higher interest rates, and for a prolonged period. High commodity prices, worrisome surprises in current inflation, high fiscal risk, still unanchored inflation expectations, and the more challenging […]
In a new drive of investments in the port sector, at least 30 Private Use Terminal (TUP) projects were authorized in 2021 or are being analyzed by port regulator Antaq for authorization in 2022, unlocking contributions of up to R$9.5 billion. For the Association of Private Port Terminals (ATP), which carried out the survey based […]
As Arezzo&Co moves forward in recent weeks with a secondary offering to raise up to R$830 million, the company’s appetite for mergers and acquisitions caught the investors’ attention in the roadshows. For this unprecedented offering, the first since the IPO, Arezzo presented an aggressive plan, which surprised even potential investors aware of Arezzo’s ambition to […]
Chinese company Great Wall will make only electric and hybrid models in Brazil, starting in mid-2023. In an event to celebrate the automaker’s arrival in Brazil, Great Wall’s management team confirmed an investment of R$4 billion by 2025 and said future plans could total R$10 billion. In the first phase of the investment, which includes […]