Pepkor, the largest fashion retailer in South Africa, with more than 5,500 stores in ten countries, controlled by Steinhoff International, has acquired 87% of Grupo Avenida, one of the largest fashion chains in the Center-West and North of the country formed by 110 stores of Avenida fashion retailer and 20 of shoe retailer Giovanna Calçados. […]
It is not new that, in Brazil, agricultural activities that generate billion-dollar results still share the corners of the country with extreme poverty. Just over 15% of the country’s rural population experienced severe deprivation in 2019, around 5 million people. Another 17.6 million people (52.9% of the total) were poor. A worrying picture, which may […]
The political wing of the government acted on Thursday to approve a Proposed Amendment to the Constitution (PEC) that would allow President Jair Bolsonaro (Liberal Party, PL) to zero taxes on all fuels, including gasoline, without having to compensate for the increase in other taxes. In addition, it authorizes a reduction in the Tax on […]
The soybean bag reached R$200 in Brazil, a record not imagined until last year, and premiums at the ports are also six times above the average for this time of year, as a reflection of a dispute between foreign and domestic markets. With a 15% increase accumulated in 2022 in Chicago’s stock market, the oilseed […]
Nestlé launched on Wednesday its first social impact food: a cereal bar with sale profits going entirely to NGO Gerando Falcões, which fights poverty in 1,700 poor neighborhoods in Brazil. Called Gerando Falcões bar, the product is a global novelty of the multinational, present in 83 countries, and will initially be sold only on the […]
With a resistant inflation that tends to burst again this year’s target, the Central Bank’s Monetary Policy Committee (Copom) this Wednesday raised the basic interest rate by 150 basis points, to 10.75% per year. The Selic has not been in double digits since July 2017, when it went to 9.25% from 10.25% per year. “The […]
The Brazilian industry resumed growth in December (2.9% compared to November), even more than expected (1.6%, according do Valor Data), which helps to sustain a more positive view of economists for the GDP of the fourth quarter of 2021. The result, however, does not change the balance that 2021 was a challenging year for the […]
SAO PAULO–Brazil’s industrial production rose in December, the first increase in seven months, as output of durable goods jumped and production of capital goods increased. Production rose a seasonally adjusted 2.9% in December and fell 5.0% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday. The IBGE revised the […]
Eve, Embraer’s urban air mobility company, will operate in four major business areas and not only in the production and marketing of its electric vertical take-off and landing vehicle (eVTOL). On its way to being listed on the New York Stock Exchange (NYSE), it will operate in support and services, operations, and air traffic control, […]
The so-called factory-gate inflation in the country, without taxes and freight, hit a record for the second consecutive year. This is what the Brazilian Institute of Geography and Statistics (IBGE) reported yesterday when announcing the Producer Price Index (IPP), the official indicator that measures price evolution in this segment. According to the institute, the IPP […]