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 […]
Consultancy estimates that measures announced by the federal government for the state total R$12bn, but amount could grow 20/05/2024 Arroio do Meio, in the Taquari Valley, will need to rebuild as the river waters recede; floods claimed 157 lives and 88 people are still missing — Foto: Gustavo Mansur/Palácio Piratini The impact of measures to […]