Strategic expansion focuses on key sectors, highlighting Brazil’s role in renewable energy and AI’s growing energy demands 12/06/2024 The Governor of Saudi Arabia’s Public Investment Fund (PIF), Yasir Al-Rumayyan, expressed keen interest in broadening Saudi investments in Brazil. “We started investing in 2016 through one of our subsidiaries. Now we are focusing on technology, renewable […]
Business sectors praise decision to reject controversial measure 12/06/2024 Rodrigo Pacheco — Foto: Brenno Carvalho/Agência O Globo After significant pressure from industry and agribusiness leaders, Senate President Rodrigo Pacheco returned on Tuesday part of the provisional presidential decree (MP) that limited social taxes PIS and Cofins credits. Mr. Pacheco said that it was a “constitutional […]
With greater pressure from food in the South, benchmark index rises 0.46% in comparison to April 12/06/2024 Marcela Rocha — Foto: Ana Paula Paiva/Valor The Extended Consumer Price Index (IPCA), Brazil’s official inflation index, interrupted a sequence of more favorable readings and rose again above expectations in May. The indicator brings the first impacts of […]
Shipments drop over 33% from January to May; Argentina’s share of Brazilian exports hits record low 06/10/2024 Exports to Argentina totaled $5 billion from January to May this year, marking a 33.1% decrease compared to the same period last year. These shipments accounted for just 3.61% of Brazil’s total exports, the smallest share for this […]
Government experts warn that the plan is actuarially “unsustainable” 06/10/2024 Adroaldo Portal (center) and Luiz Marinho (right) — Foto: Bruno Spada/Câmara dos Deputados Despite ongoing discussions about the necessity of reforming Social Security to address its escalating deficit, the Lula administration has proposed legislation to regulate “four-wheeled vehicle app drivers” such as Uber, 99, and […]
Government experts warn that the plan is actuarially “unsustainable” 06/10/2024 Adroaldo Portal (center) and Luiz Marinho (right) — Foto: Bruno Spada/Câmara dos Deputados Despite ongoing discussions about the necessity of reforming Social Security to address its escalating deficit, the Lula administration has proposed legislation to regulate “four-wheeled vehicle app drivers” such as Uber, 99, and […]
NTN-B rate climbs to a 14-month peak amid fiscal deterioration and external pressures 06/10/2024 Fabricio Taschetto — Foto: Rogerio Vieira/Valor Real long-term interest rates have settled at around 6% for the past two months, reaching a 14-month high with no indication of decline. This uptick aligns with a global context of rising interest rates, notably […]
Engineering risks, fiscal constraints, and future sector auctions pose hurdles for public-private partnerships 06/06/2024 Rafael Benini — Foto: Ana Paula Paiva/Valor The package of metro and urban train concessions in São Paulo is generating interest in the market, but analysts consulted by Valor see significant challenges in moving these projects forward. The obstacles to attracting […]
Study identifies 24 risks related to fraud, corruption, and laundering that facilitate wildlife trafficking in Brazil 06/06/2024 A notable case involved an American collector who illegally acquired a leucistic boa constrictor—a rare genetic variant characterized by white skin and black eyes—from a zoo in Niterói — Foto: Divulgação Brazil lacks a cohesive strategy to combat […]
Goal is to grow in retail, serving medium and large clients 06/06/2024 Auren, a power utility created from the reorganization of assets of the Votorantim group and Canada-based fund CPP Investments, announced the acquisition of Esfera, which operates in electricity management. With the deal, the company expects to boost the sale of electricity in the […]