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 […]
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% […]