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Entries by Gelcy Bueno

Rains compromise soybean crop potential

Consultancy Pátria Agronegócios predicts loss of 2.4m tonnes 05/14/2024 Soybean field in Viamão, one of the regions most affected by the floods in Rio Grande do Sul: with more rain forecasted, losses are expected to increase — Foto: Marcelo Beledeli/Valor The heavy rains battering Rio Grande do Sul have made losses in the state’s soybean […]

Brazil aims to advance bioeconomy discussions at G20

Civil society survey will support the federal government in negotiations in the group 05/13/2024 Luana Maia — Foto: Divulgação The main innovation introduced to the G20 agenda by the Brazilian presidency, the bioeconomy, still has a long but urgent road ahead of it, starting with its very definition. Throughout this week, representatives of governments and […]

Floods put Brazil’s 2% GDP growth at risk

Economists estimate an impact of 0.2 to 0.3 percentage points driven by agribusiness 05/13/2024 The Central Market is flooded after heavy rain in Porto Alegre — Foto: Andre Penner/AP The impact of the floods in Rio Grande do Sul, the state with the fourth-largest share of Brazil’s Gross Domestic Product, on the national economy may […]

Floods cause soy to rise more in Brazil than in Chicago

Some analysts see a price mismatch, while others believe that speculative movement and exchange rates explain differences 05/13/2024 Soybean crop affected by rains in Soledade, Rio Grande do Sul — Foto: Daniel Calegari/Arquivo Pessoal The heavy rains that damaged soybean crops in Rio Grande do Sul left their mark on the grain market last week, […]

Petrobras discusses new stage of share buybacks

Sérgio Caetano Leite, the oil company’s chief financial and investor relations officer, says that the pilot project involving 157 million shares is 86% complete 05/10/2024 Sérgio Caetano Leite — Foto: Leo Pinheiro/Valor Petrobras is studying a new stage in its share buyback program, which began last year, Sérgio Caetano Leite, the company’s chief financial and […]

Suzano to look at opportunities in different regions, CEO says

Company made $15bn offer to buy IP, sources say; earnings fell 96% in Q1, to R$220m 05/10/2024 Walter Schalka — Foto: Ana Paula Paiva/Valor Just under two months before stepping down as CEO of Suzano, Walter Schalka said the pulp and paper company will maintain its long-term investment perspective and, consequently, growth. However, the executive […]

Floods put Brazil’s 2% GDP growth at risk

Economists estimate an impact of 0.2 to 0.3 percentage points driven by agribusiness 05/10/2024 The Central Market is flooded after heavy rain in Porto Alegre — Foto: Andre Penner/AP The impact of the floods in Rio Grande do Sul, the state with the fourth-largest share of Brazil’s Gross Domestic Product, on the national economy may […]

Multi to make Oppo cell phones in Brazil

Chinese company is in fifth place in cell phone brands 05/09/2024 The Multi Group, formerly known as Multilaser, announced on Wednesday (8) an exclusive partnership for the manufacture and distribution of smartphones from China’s Oppo in Brazil. Sales of the devices will be made exclusively by retailer Magalu. Since 2022, Oppo has been importing its […]

Brazil floods kill 107 as losses top R$6bn

State government estimates that 600,000 MSEs were affected by rains and flooding 05/09/2024 A boat navigates through a flooded street after heavy rain in Canoas, Rio Grande do Sul — Foto: Carlos Macedo/AP The death toll due to the rains in Rio Grande do Sul has risen to 107, with 136 people missing and one […]

Brazil slows rate cuts amid division within Monetary Policy Committee

Policy interest rate was cut by 25 bp; decision was made by 5 to 4 in the collegiate meeting 09/05/2024 Central Bank’s building in Brasília — Foto: Beto Nociti/BCB In a decision that divided its members, the Central Bank’s Monetary Policy Committee (COPOM) on Wednesday reduced the policy interest rate, known as Selic, to 10.50% […]