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 […]
After falling more than 20% amid the pandemic shock in 2020, the Brazil-United States two-way trade recovered more than expected last year and reached an all-time high of $70.5 billion. That means a 43% year-over-year growth, or 9.3% more than the amount seen in 2019, of $64.5 billion. The data are from the U.S.-Brazil Trade […]
Brazil lost in 2021 the historical crown of exports bound for Argentina. After a technical draw in 2020, China surpassed Brazilian sales to Argentines by more than $1 billion last year. The Asian country’s achievement is unprecedented, records from the Argentine government since 2002 show. China had already been ahead of Brazil by a few […]
President Jair Bolsonaro (Liberal Party, PL) has a disapproval rate of 64%, the highest since the beginning of his administration, according to an XP/Ipespe poll released Thursday. On the other hand, 29% approve his government. The poll shows that 55% of respondents consider the Bolsonaro administration to be bad or terrible, while 23% see it […]
The machinery and equipment industry is likely to increase investments in Brazil this year, with injections estimated at R$15.45 billion. José Velloso, head of the Brazilian Machine and Equipment Industry Association (Abimaq), said the funds are needed to support revenue growth in 2022, estimated at 6%. “Last year, we invested R$14.52 billion, an amount 68% […]
A decree published by the federal government on the main guidelines for offshore wind projects in Brazil was well received by players in the electricity sector, who said it may unlock investments. The main point is related with the assignment of the use of physical spaces and natural resources for this type of renewable generation. […]
The contribution of agriculture – considered by economists as a pillar of the economic activity this year – to Brazilian GDP is now seen as a question mark due to the excessive rainfall in some regions and drought in others. The prevailing view is that the sector will have a positive 2022, but not as […]
Brazil had already promised — in 2020 — to eliminate the Tax on Financial Transactions (IOF) in the discussions at the Organization for Economic Cooperation and Development (OECD). This tax, in any case, would not be an obstacle for Brazil to start membership negotiations, but certainly its elimination will facilitate the country’s adaptation to the […]
India left the door open on Tuesday to seek a negotiated solution with Brazil, Australia and Guatemala over its subsidies that have an impact on the international sugar market and were condemned by a panel of the World Trade Organization. In December, the WTO published the panel’s decision, which found that New Delhi massively increased […]
Admiral Anatalício Risden Junior will be the new Brazilian director-general of Itaipu Binacional. The military takes the place of the retired general João Francisco Ferreira, who resigned on Tuesday. The information was first reported by Valor and later confirmed by Binacional. Sources in the electric sector consulted by Valor informed that his position was being […]