Deficit projection climbs from R$9.3bn to R$14.5bn; Ministry of Finance remains satisfied with financial performance through April 05/23/2024 Rogério Ceron — Foto: Geraldo Magela/Agência Senado The Lula administration has revised its primary deficit forecast for 2024 upwards, as revealed in the latest figures from the Ministry of Planning and Budget. The deficit projection has increased […]
The antitrust watchdog allows Petrobras to negotiate new pipelines and sets new conditions for the state-owned enterprise 05/23/2024 With the antitrust watchdog’s latest decision, Petrobras will retain ownership of some refineries it was initially required to divest, including Repar, in the state of Paraná — Foto: Divulgação Petrobras has successfully renegotiated the terms of its […]
Borrowings now feature larger volumes and extended terms, becoming increasingly central to corporate management strategies, while tax-exempt bonds are increasingly drawing individual investors 05/22/2024 Pierre Jadoul — Foto: Gabriel Reis/Valor In Brazil’s relatively subdued stock market, corporate debt instruments like debentures and receivables certificates are carving out more substantial roles within investor portfolios and have […]
More dismayed than optimistic tone marked conversations between companies, banks, and funds at a series of events in New York 05/22/2024 Flavio Souza — Foto: Silvia Costanti/Valor Foreign investors are putting Brazil on hold for now. In addition to local and global macroeconomic issues, the country has its own homework to do to avoid losing […]
Unlike first quarter, April’s result was not boosted by single-investor funds 05/22/2024 Claudemir Malaquias — Foto: Diogo Zacarias/MF Boosted by revenues related to consumption and the labor market, federal tax collection in April reached R$228.9 billion, a real increase of 8.26% year over year, according to data released by the Federal Revenue Service on Tuesday. […]
Ilan Goldfajn defends shaping multilateral banks for emergencies 05/21/2024 Ilan Goldfajn — Foto: Ana Paula Paiva/Valor At the height of the disaster in Rio Grande do Sul, Ilan Goldfajn, the Inter-American Development Bank (IDB) president, visited Brazil and announced an aid package that could reach R$5.5 billion. In his view, the disaster reinforced the assurance […]
Borrowings now feature larger volumes and extended terms, becoming increasingly central to corporate management strategies, while tax-exempt bonds are increasingly drawing individual investors 05/21/2024 Pierre Jadoul — Foto: Gabriel Reis/Valor In Brazil’s relatively subdued stock market, corporate debt instruments like debentures and receivables certificates are carving out more substantial roles within investor portfolios and have […]
Expectations for GDP, inflation worsen due to floods in Rio Grande do Sul, Brazil’s fiscal situation, U.S. interest rates 05/21/2024 Sérgio Vale — Foto: Claudio Belli/Valor A series of negative news and emerging risks have formed a mix that has worsened economic agents’ expectations for the economy in 2024 and 2025. The latest sign of […]
A share of 10.2% is a far cry from the 20.8% held in 2015 when country boasted an investment-grade rating 05/20/2024 Rogério Ceron — Foto: Gesival Nogueira Kebec/Valor Figures from the National Treasury show that foreign investors have gradually increased their participation in Brazil’s public debt, although they are still a long way from regaining […]
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 […]