National Petroleum Agency projects R$90.3bn revenue amid rising production, market conditions 05/20/2024 Vilma Pinto — Foto: Wenderson Araujo/Valor This year’s oil production increase in Brazil is projected to generate R$90.3 billion in royalties, marking a 20.4% rise compared to the R$75 billion collected last year, according to the National Petroleum Agency (ANP). The early months […]
Consultancy estimates that measures announced by the federal government for the state total R$12bn, but amount could grow 20/05/2024 Arroio do Meio, in the Taquari Valley, will need to rebuild as the river waters recede; floods claimed 157 lives and 88 people are still missing — Foto: Gustavo Mansur/Palácio Piratini The impact of measures to […]
Increasing frequency of extreme weather events demands new engineering solutions, experts say 05/17/2024 Marcia Musskopf and Sandra Barzotto, who own two stores in Roca Sales, Rio Grande do Sul — Foto: Arquivo pessoal It remains unclear when reconstruction efforts will begin in Rio Grande do Sul. However, engineers, urban planners, and the state government agree […]
State accounts for 15% of honey production in Brazil 05/17/2024 Recent weeks’ heavy rains have covered or fully destroyed many beehives in the state — Foto: Sérgio Ranalli The recent floods in Rio Grande do Sul are expected to confirm a situation that has been threatening small farmers, who dominate the activity in the region: […]
New investments fell by 8%, while company exits plummeted by 80% year-on-year from January to the first week of May 05/17/2024 Priscila Rodrigues — Foto: Gabriel Reis/Valor Private equity funds, which buy equity stakes in companies, are experiencing one of the most challenging periods in recent years. The scenario is caused by volatility and the […]
Amid pressure from local industry and retailers, Temu applies for tax-exemption certification 05/16/2024 As the industry and retailers increase pressure to bring the issue of ending import tax exemptions for foreign websites to the forefront in the Lower House, a new global player is poised to enter the Brazilian market. Sources say that Temu, part […]
Newly appointed CEO committed to investments in refineries, gas, and fertilizers 05/16/2024 Magda Chambriard — Foto: Ana Paula Paiva/Valor Appointed as the new CEO of Petrobras, Magda Chambriard had at least two key meetings this week, according to government sources, before starting her term at the lead of the state-owned company in alignment with her […]
Entrepreneurs, government officials, and sector experts review business opportunities between Brazil and the U.S. 05/16/2024 Gabriel Galípolo, the Brazilian Central Bank’s Monetary Policy Director, alongside former Fed members James Bullard and Kevin Warsh — Foto: Vanessa Carvalho/Valor Two significant events in the United States later this year—the potential start of the Federal Reserve’s interest rate […]
Green energy and energy transition areas are ripe for cooperation between the two nations, said U.S. Ambassador to Brazil Elizabeth Frawley Bagley 05/15/2024 Elizabeth Frawley Bagley — Foto: Vanessa Carvalho/Valor The U.S. ambassador to Brazil, Elizabeth Frawley Bagley, stated today (15) at the Summit Valor Econômico Brazil-USA that the United States is ready to invest and cooperate […]
Movement helps explain shift in expectations for the real’s performance 05/14/2024 Fabio Landi — Foto: Leo Pinheiro/Valor Investor hopes for a stronger Brazilian real at the turn of the year quickly dissipated. The robustness of Brazil’s trade balance bolstered renewed expectations for the real’s appreciation, similar to last year, when the commercial flow was solid. […]