The hawkish stance taken by COPOM on Wednesday strengthens the Brazilian currency, which stood out during the session; Ibovespa closes lower 09/20/2024 The more hawkish tone adopted by the Central Bank’s Monetary Policy Committee (COPOM) triggered a significant adjustment in domestic assets during Thursday’s session. Markets have now fully embraced the likelihood of an accelerated […]
Brazil has access to clean energy, which is an advantage, David L. Goldwyn says 19/09/2024 The energy transition to a low-carbon model is critical for at least three reasons, said David L. Goldwyn, president of Goldwyn Global Strategies. One reason is the very extreme environmental consequences, such as those seen in Brazil, Europe, and the […]
Swedish fast-fashion chain expects to have stores nationwide within three years 09/19/2024 Swedish fashion chain H&M will open its first stores in Brazil in the second half of 2025, the company said on Wednesday, in its first interview since revealing its entry into the country, which was announced by the group in 2023. Valor has […]
Director said company has reduced greenhouse gas emissions by 40% 09/19/2024 Maurício Tolmasquim, executive director of energy transition and sustainability at Petrobras, said on Thursday (19) that the state-owned company has set aside $11.5 billion to investments in renewable energies. In a presentation at the Brazil-US Climate Impact Summit 2024, organized by Valor and AmCham at […]
FGV Ibre’s regional report shows region’s economy is outpacing national average growth, but industrial sector lags behind 09/18/2024 The Northeast region of Brazil is experiencing sustained economic growth, surpassing the national average in 2024, but its industrial sector still lacks dynamism and lags behind the country’s average performance. This assessment comes from Flávio Ataliba, coordinator […]
Arthur Lira advocates agreement with government to define leadership of new body 09/18/2024 Brazil’s Lower House Speaker Arthur Lira has indicated to his allies that the creation of the Climate Authority, announced by the government last week, will only move forward if its leader is chosen through a consensus between the Executive and Legislative branches. […]
Analysts say the best performance since 2016 is still insufficient; fiscal constraints limit government spending in areas like infrastructure 09/18/2024 Federal government investments reached their highest level for the first seven months of 2024 since 2016. However, economists consulted by Valor warn that these investments are still insufficient to significantly boost economic growth or ensure […]
The economic team is weighing reduced payments for workers with larger severance packages and higher contributions from sectors with higher turnover 09/16/2024 Alexandre Manoel — Foto: Rogerio Vieira/Valor With a strong job market and low unemployment, the government’s economic team is exploring ways to address what some experts view as double protection for workers dismissed […]
José Luis Datena assaulted Pablo Marçal with a metal chair, who was rushed to hospital 09/16/2024 José Luiz Datena hit his Pablo Marçal with a metal chair amidst a fierce argument broadcast by TV Cultura — Foto: Reprodução TV Physical violence marked a political debate live on television among two runners for mayor of Brazil’s […]
Justice argues that the fiscal costs of wildfires outweigh the expenses needed to combat them 09/16/2024 Flávio Dino — Foto: Rosinei Coutinho/SCO/STF Supreme Court Justice Flávio Dino authorized the federal government to issue extraordinary credits beyond the fiscal target until the end of the year, exclusively to combat wildfires affecting Brazil. “We cannot deny the […]