Investment will drive expansion of input distribution, agricultural production, and strategic acquisitions 10/14/2024 Agrex do Brasil, a subsidiary of Mitsubishi Corporation, plans to invest R$700 million to expand its input distribution, agricultural production, and infrastructure operations. The funds will support new dealerships, increased soybean and corn production, an expanded seed business, and the construction of […]
If the measure moves forward in Congress, seven state caucuses would gain seats, while seven others would lose 10/14/2024 Following the progression of measures aimed at curbing the powers of the Supreme Court and the anticipated approval of a bill granting amnesty to participants in January’s coup-mongering acts, the Lower House’s Constitution and Justice Committee […]
Government’s presumed 9% tax credit for industrial groups and global consolidation of foreign subsidiaries will expire by December 10/14/2024 The federal government is evaluating alternatives to prevent a sharp tax increase for Brazilian companies operating abroad starting in 2025. By December, the presumed 9% tax credit granted to Brazilian industrial companies with foreign operations and […]
Nearly R$52bn may stem from low voltage migration, says strategy&; free supplier choice could capture 65% of the market 11/10/2024 The complete opening of Brazil’s electricity market to consumers on low voltage connections could generate an estimated R$120 billion by 2040. Of this total, R$52 billion would come from new consumers migrating to the free […]
The median estimate from 26 consultancies and financial institutions surveyed by Valor Data expected a 0.6% decline in the period 11/10/2024 Core retail sales volumes dropped 0.3% in August compared to July, in seasonally adjusted terms, according to the Monthly Survey of Trade (PMC) released by the Brazilian Institute of Geography and Statistics (IBGE) on […]
Capital flight from Brazil has not yet impacted local currency significantly, but it is restricting gains 10/11/2024 U.S. dollar outflows from Brazil through the country’s financial account totaled $52.4 billion between January and September, marking the second-largest outflow for the period in history. The negative financial flow this year is on track to become the […]
AGU is requesting information on measures taken to manage gambling and betting ads directed at minors 10/09/2024 Brazil’s Attorney General’s Office (AGU) has issued an extrajudicial notice to YouTube, TikTok, Kwai, and Meta (including Instagram and Facebook). The notice seeks information on the steps being taken to manage advertising related to gambling or betting that […]
12-month inflation climbs 4.42%, according to IBGE data 10/09/2024 Brazil’s official inflation rate, tracked by the Broad Consumer Price Index (IPCA), increased to 0.44% in September, following a 0.02% drop in August. In September 2023, the IPCA recorded a 0.26% rise. These figures were released on Wednesday by the Brazilian Institute of Geography and Statistics […]
Medium-term NTN-B rates surpass 6.7% amid uncertainty and Selic tightening cycle 10/09/2024 Growing distrust in fiscal policy, combined with the beginning of the monetary tightening cycle, has led to a sharp rise in real market interest rates, reflected in B-Series National Treasury Notes (NTN-Bs)—Brazil’s inflation-indexed bonds—which are now nearing the psychological 7% mark for some […]
Profit is expected to rise nearly 20% this year, driven by a growing client base and a unified structure for the group’s 10 companies 10/08/2024 As one of the largest advertising and marketing groups globally, Publicis is seeing expanding revenue and profit in Brazil. Business trends indicate a 14% increase in revenue and an almost […]