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Entries by Gelcy Bueno

RGE focuses on Brazil, boosting investments through Bracell

Present in Brazil for more than 20 years, the conglomerate also controls April and has already invested more than $6.5 billion in Brazil 04/02/2024 Praveen Singhavi — Foto: Gabriel Reis/Valor Brazil is at the center of the strategy of the Asian conglomerate Royal Golden Eagle (RGE), owner of Bracell, a Brazilian producer of dissolving and […]

Minister asks for penalties as Enel “crossed a line”

In a meeting with the Electricity Regulatory Agency, Mines and Energy Minister Alexandre Silveira says he is considering measures to revoke the power utility’s concession 04/02/2024 Alexandre Silveira — Foto: Valter Campanato/Agência Brasil The series of problems with the electricity supply in the São Paulo area could jeopardize the continuity of Enel’s concession contract. On […]

Central Bank announces first forex intervention in 15 months

In an environment of external pressure and maturing NTN-As, the agency will offer the equivalent of $1 billion in currency swaps 04/02/2024 Sérgio Goldenstein — Foto: Leo Pinheiro/Valor The sentiment that the scenario allowed for a significant appreciation of the domestic exchange rate lost strength. On a day when the dollar rose globally, the Brazilian […]

OneSubsea wants to have 25% of global revenue in Brazil

Supplier emerged in October after joint venture between SLB, Aker and Subsea 04/01/2024 Mads Hjelmeland — Foto: Leo Pinheiro/Valor Subsea technology and equipment supplier OneSubsea expects Brazil to rise to 25% of its global turnover from the current 20% in three years. The company, which does not reveal its annual revenue, was created in October […]

Consumer credit growth could boost GDP

Corporate sector yet to experience turnaround cycle, key for investment growth 04/01/2024 Credit concessions to families, more closely linked to consumption, have been growing at a more vigorous pace than those related to debt consolidation, a trend that has strengthened since the beginning of the year. Some economists believe this will be an important factor […]

Highway auctions in April to test market potential

Tenders for BR-040 and the Litoral Paulista Lot PPP are expected to generate R$9 billion in investments 04/01/2024 The market ended 2023 on alert after the cancellation of the auction of BR-381 in November, due to a lack of proposals — Foto: Alberto Ruy/MInfra The highway concessions market will be tested in April, when two […]

International scenario, political risk keep foreign capital away

International investors have withdrawn R$22 bn from B3 this year, despite seeing opportunities in Brazil 03/28/2024 Foreign investors posted net withdrawals of R$22.19 billion in the secondary segment this year at B3 — Foto: Divulgação External uncertainties that have been hitting the domestic stock market are now combined with local interferences, weighing on important shares […]

Antitrust watchdog greenlights Soma-Arezzo merger

Deal was approved in a summary procedure as it poses no harm to competition 03/28/2024 Operation is not expected to cause harm to the competitive environment, Cade said — Foto: Divulgação The General Superintendence of the antitrust watchdog Cade approved the Arezzo and Grupo Soma merger. The deal was approved in a summary procedure, an […]