Motion received 308 favorable votes; final decision expected this Tuesday 08/13/2024 Alexandre Padilha — Foto: Cristiano Mariz/Agência O Globo Brazil’s Lower House of Congress approved on Monday the urgency motion with 308 votes in favor and 142 against to expedite the processing of the bill that establishes the rules for the operation of the management […]
Restructuring process involving assets in Europe, Asia, and Africa was halted 08/13/2024 Avon’s innovation center in Cajamar, São Paulo: Natura plans to lend $43 million to this subsidiary during the reorganization process — Foto: Daniela Braun/Valor Avon Products Inc. (API), a non-operating subsidiary of Natura and the Brazilian beauty brand’s holding company in the U.S., filed for protection from […]
Specialist managers increase transactions involving problematic assets 08/07/2024 Renato Azevedo — Foto: Gabriel Reis/Valor Companies facing financial distress and undergoing restructuring are increasingly being sold for nominal amounts, with buyers assuming the existing debts. A notable instance is the sale of the retailer DIA for €100 during its court-supervised reorganization process. Initially, the Spanish group attempted to divest the asset before […]
Meeting minutes reveal a more conservative stance than initial analyst interpretation 08/07/2024 Minutes from last week’s meeting state that Central Bank’s decision in September will depend on the economic developments until then — Foto: Divulgação/BCB The Central Bank of Brazil’s Monetary Policy Committee (COPOM) has indicated the possibility of a rate hike at its next meeting in September, while […]
While services data offers relief, concerns about the U.S. economy persist 08/06/2024 Ruy Alves — Foto: Leo Pinheiro/Valor Global markets plunged into panic amid mounting fears of a U.S. recession in Monday’s trading session. Risk aversion gripped investors from the early hours, starting with Japan’s stock market experiencing its second-worst day ever and continuing across global stock markets throughout the […]
Market expects the five scheduled auctions to attract at least one offer each 08/06/2024 Viviane Esse — Foto: Gesival Nogueira Kebec/Valor The highway concessions segment will see a series of large auctions in the second half of the year. At least five tenders by the São Paulo state and the federal government are planned and could total R$32.3 billion […]
Regulatory certification pending, vertical and take-off landing vehicle eVTOL promises lower emissions and reduced costs, eyeing competition with helicopters 08/06/2024 Vertical take-off and landing vehicles—eVTOLs, also known as flying cars—attracted 830 orders — Foto: Divulgação Currently undergoing certification with regulatory agencies, the future vertical take-off and landing vehicles—eVTOLs, also known as flying cars—attracted 830 orders from […]
In minutes of last meeting, Monetary Policy Committee members stated that domestic and international conditions require even greater caution in conducting monetary policy 06/08/2024 Central Bank’s building in Brasília — Foto: Raphael Ribeiro/BCB Central Bank’s Monetary Policy Committee reported in minutes released this Tuesday that its members agreed “that there are more upward risks for inflation, […]
MURRAY ADVOGADOS
Public spending watchdog sees wrongdoings in tolling contract 08/02/2024 Roberto Noronha Santos — Foto: Silvia Zamboni/Valor The discussions between Unigel and Petrobras around the natural gas used as raw material in the fertilizer factories leased by the petrochemical company took on a new shape. In a report dated Wednesday (31), the Federal Court of Accounts (TCU) concluded that there […]