Rates surpass 12% after disappointing report, impacting exchange rate and stock market 09/24/2024 The market once again voiced concern over the state of government accounts, leading to the third consecutive session of pressure on futures rates, which reached their highest levels of the year and settled above 12%. Investors were disappointed by Friday’s release of […]
President Lula is expected to address the climate crisis, conflicts, and global financial reforms in his speech at the UN General Assembly 09/24/2024 The climate crisis, conflicts in Europe and the Middle East, and the urgent need for reforms in multilateral mechanisms will be at the center of President Lula’s speech this Tuesday at the […]
First Lady Rosângela da Silva says Brazil experienced setbacks in public policies 09/20/2024 Speaking at the SDGs in Brazil, an event held by the UN Global Compact Brazil on Thursday (19), in New York, Ambassador Sérgio Danese emphasized the importance of sustainable development as one of the fundamental pillars of international politics. He highlighted the […]
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. […]