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 […]
The Minister of Economy, Paulo Guedes, said Tuesday that the federal government is considering a moderate reduction in some taxes. Among them are those levied on diesel and the Tax on Industrialized Products (IPI). Guedes also criticized the idea of creating a stabilization fund for fuel prices. “We are studying which taxes could be moderately […]
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 […]