Estimates for steel imports shift to a 7% decrease from a 20% increase 06/20/2024 Jefferson De Paula — Foto: Nilani Goettems/Valor The federal government’s decision to establish quotas for the import of 11 types of steel products, with a 25% tariff on surplus volume, is expected to bring moderate improvements to the Brazilian steel industry […]
Key advantage of niobium oxide use is ultra-fast charging 06/20/2024 Collaboration has resulted in the e-Bus, a new electric bus equipped with niobium-lithium batteries — Foto: Divulgação One of the major challenges in the electrification of urban mobility is reducing vehicle recharge times. In many cases, batteries require hours to recharge, and for buses and […]
Company sees expansion potential in commercial, business, and military aircraft 06/20/2024 Brazilian plane maker is exploring mergers or acquisitions to gain a foothold in the defense sector with the military C-390 aircraft — Foto: Divulgação Embraer is ramping up efforts to expand its presence in the United States. The plane maker’s strategies include increasing sales […]
Monetary Policy Committee remains non-committal on future rate decisions 06/20/2024 Roberto Campos Neto — Foto: Fabio Rodrigues-Pozzebom/Agência Brasil In a unanimous decision, following criticism from President Lula, the Monetary Policy Committee (COPOM) paused its recent series of interest rate cuts and maintained the Selic rate (Brazil’s benchmark interest rate) at 10.5% per annum. This decision, halting the reduction […]
Acquisition of Grupo Silvio Santos’s brand to open new business vertical for Marques family’s pharmaceutical company 06/19/2024 Cimed has accelerated acquisitions towards the goal of reaching R$5 billion in sales — Foto: Divulgação The final touches are being put on the deal between Grupo Silvio Santos and Cimed for the sale of Jequiti to the […]
Tanure’s bid for 15% of the company takes market by surprise 06/19/2024 Sabesp’s privatization offering is scheduled for August, following the “roadshow” period, which involves formal discussions with investors — Foto: Victor Moriyama/Bloomberg Businessman Nelson Tanure has shown interest in joining the race for Sabesp’s privatization, according to information obtained by Valor. Should he decide […]
President called monetary authority’s behavior “out of place” 06/19/2024 President Lula — Foto: Ricardo Stuckert/PR President Lula delivered sharp criticism of Central Bank President Roberto Campos Neto on Tuesday. At a time when financial market participants and experts express skepticism about Brazil’s economic policy, Mr. Lula said the behavior of the monetary authority is “the […]
Developed in-house, the Hstory platform aggregates critical patient data to provide analytical reports to doctors within minutes 18/06/2024 Sidney Klajner — Foto: Silvia Zamboni/Valor A few days ago, a patient visiting surgeon Sidney Klajner was taken aback during his consultation. Before the patient could say anything about his medical history, the doctor began detailing past […]
Idea is part of the menu of proposals under study to achieve zero deficit in 2025 by cutting expenses 06/18/2024 Simone Tebet and Fernando Haddad — Foto: Cristiano Mariz/Agência O Globo In the “comprehensive, general, and unrestricted” review of federal expenditures that it plans to undertake, the economic team is considering an old instrument designed […]
If the state-run company approves distribution of retained dividends, government could receive about R$32.6bn 06/18/2024 Move may pave the way for Petrobras to decide on distribution of R$21.9 billion in extraordinary dividends from 2023 retained as capital reserve — Foto: Leo Pinheiro/Valor Petrobras’s board of directors approved on Monday the payment of R$19.8 billion related […]