The Institutional Security Cabinet of the Presidency ordered a security sweep and reinforced measures at the Planalto Palace 11/14/2024 A man died and a vehicle was set on fire following explosions at Brasília’s Three Powers Plaza early Wednesday evening. Authorities sealed off the area, and the Federal Police have launched an investigation. Francisco Wanderley Luiz, […]
Steel galvanizing and annealing plant capacity increased to 2.2 million from 1.6 million tonnes 11/14/2024 With an investment of R$2 billion, ArcelorMittal inaugurated the expansion of its Vega facility in São Francisco do Sul, Santa Catarina, on Wednesday (12). The new unit will produce Magnelis, a corrosion-resistant material developed by the company, marking the first […]
The second day of the Web Summit in Lisbon featured a debate on the role of artificial intelligence in society 11/13/2024 The opportunities, challenges, and especially the risks of artificial intelligence (AI) dominated discussions on the second day of the Web Summit in Lisbon, one of the world’s largest technology conferences. Beyond the giants responsible […]
Institute links sharper inflationary impact on lowest income brackets to steeper increases in food prices, electricity 11/13/2024 October inflation rose for nearly all income levels in Brazil, with lower-income households seeing the highest increases, according to the Applied Economic Research Institute (IPEA). Only households with incomes above R$21,059.92 saw a slight deceleration. For very low-income […]
Government unlikely to push or expend political capital on approval 11/13/2024 Congressman Hugo Motta, the frontrunner to lead Brazil’s Lower House starting February, expressed concern on Tuesday regarding the constitutional amendment proposal (PEC) that seeks to end the six-day workweek followed by one day off (6×1). He emphasized the need to include business leaders in […]
Known for sustainable practices, the company’s Mato Grosso farm shifted from the largest cattle operation after property division 11/12/2024 Fazenda Roncador, located in Mato Grosso’s Araguaia Valley, once held the title of Brazil’s largest cattle ranch. That status, however, has changed: over the past three years, the three Dalla Vecchia siblings, heirs to the estate, […]
The goal is to secure initial market turnover 11/12/2024 Brazil’s new stock exchange, now named BASE Exchange, has a logo and advanced technology and is actively seeking new partners to ensure an initial trading volume. Mubadala, the controlling shareholder, is supporting BASE in a roadshow across Brazil and the United States, working with Olimpia Partners […]
November 12, 2024 Abu Dhabi’s Mubadala Capital has commenced work on selling Porto Sudeste, a Brazilian private port terminal. The port is co-owned with Singapore-based commodities trader Trafigura. Describing Porto Sudeste as a “mature” asset, Leonardo Yamamoto, executive director of Mubadala Capital Brazil, told Reuters that the company’s role is “no longer very relevant”. Mubadala Capital and Trafigura acquired […]
Post-U.S. election relief fades as currency, interest rates, and stocks remain pressured; Finance Ministry’s fiscal package in spotlight 11/11/2024 The post-U.S. election relief that buoyed Brazilian assets last week has now faded. As the government delays announcing the spending cuts promised by the Ministry of Finance, concerns about fiscal risk continue to mount, compounded by […]
Deals account for 35% of M&A activity this year through October, up from 6% in 2021 11/11/2024 With the Brazilian stock market closed to new listings for over three years, a group of companies is resorting to selling minority stakes to raise funds for expansion. As of October this year, minority transactions accounted for 35% […]