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Entries by Gelcy Bueno

Brazil imposes quota, increases tax on imported steel

Purchases from abroad gained importance last year with an increase in imports from China 04/24/2024 In recent months, Brazil’s steel imports, especially from China, have surged, highlighting a conflict between two significant sectors of the national industry — Foto: Divulgação/ArcelorMittal On Tuesday (23), Brazil’s Chamber of Foreign Trade (CAMEX) approved two measures targeting imports of […]

Brazil seeks ways to expand gas supply

Idea is to review regulation to enable a 25% reduction in cost to industry, minister of Energy says 04/23/2024 Alexandre Silveira — Foto: Fabio Rodrigues-Pozzebom/Agência Brasil The Ministry of Mines and Energy carried out a study aimed at identifying opportunities to expand the supply of natural gas in Brazil and found that it’s possible to […]

Lombard Odier to grow in Brazil without acquisitions

Swiss group shapes organic expansion strategy to maintain boutique service 04/23/2024 Frédéric Rochat — Foto: Gabriel Reis/Valor With $351 billion in wealth management globally, Swiss private banking firm Lombard Odier wants to grow in Brazil with no acquisitions. All foreign groups that achieved a relevant share in this segment took shortcuts through acquisitions. That was […]

Lula mobilizes ministers to quell political crisis

Key aides met leaders of the governing coalition in the Lower House to address the Executive branch’s legislative agenda 23/04/2024 Arthur Lira — Foto: Zeca Ribeiro/Câmara dos Deputados President Lula’s ministers stepped in to defuse a growing crisis between the Planalto Palace and Congress. Following the president’s meeting with Lower House Speaker Arthur Lira, key […]

Companies spend more on interest payments than on investment

Financial expenses reached R$306bn in 2023, while capital allocation totaled R$298bn; delay in fiscal target worsens the scenario 04/22/2024 André Freitas de Moura — Foto: Rogerio Vieira/Valor Brazilian companies spent more on financial expenses—mainly made up of interest payments—than on investment in 2023, according to a survey carried out for Valor encompassing all domestic publicly […]

Pharma investments blocked by health regulator’s lack of analysts

ANVISA has about R$6bn in new drugs waiting for analysis and another R$11bn under consideration 04/22/2024 Ricardo Cappelli — Foto: Gesival Nogueira Kebec/Valor The pharmaceutical industry has nearly R$6 billion in potential investments pending analysis by the National Health Surveillance Agency (ANVISA). Another R$11 billion is being analyzed, but there has been no response so […]

Brazilian banks embrace generative AI technology

Federation of banks survey shows growing adoption to enhance efficiency in more than half of institutions 04/19/2024 Sergio Biagini — Foto: Divulgação The Febraban 2024 Banking Technology Survey, conducted by consulting firm Deloitte at the request of the Brazilian Federation of Banks, shows that 96% of banks have artificial intelligence technologies, and 54% say they […]

How Brazil is using AI to scan valuable trees in the Amazon

State-run Agricultural Research Corporation EMBRAPA will launch algorithms that help create sustainable management projects 04/19/2024 Data collection in the field: with EMBRAPA’s help, the cost of a typical survey has dropped from R$140 to as low as R$4 per hectare — Foto: Felipe Sá/Divulgação An artificial intelligence tool is aiding in the identification of commercially […]

Lactalis aims to increase market dominance in Brazil

After integrating the DPA operation, the group will invest in higher value-added lines 04/19/2024 Emmanuel Besnier — Foto: Gilson de Souza/IDT Lactalis, the world’s largest dairy company, plans to consolidate its leadership in Brazil, targeting a market share of 15% by 2028—up from 11% last year. In the short term, the French company will focus […]