State production contraction in November is the sharpest since june 2023, reports IBGE 01/15/2025 Industrial production in São Paulo declined by 4.7% in November compared to October, marking the most significant monthly drop since June 2023 (-5.4%). This downturn follows an accumulated gain of 3.4% over two consecutive months of growth, according to data from […]
Record debt issuance offsets a sluggish year for equity offerings and subdued M&A activity in 2024 01/15/2025 The robust growth in Brazil’s fixed-income market, particularly domestic debt issuances, provided much-needed relief to investment banks operating in the country. The segment accounted for nearly half of their total fees in 2024, marking a record year for […]
For Erasmo Carlos Battistella, advances in public policy in the executive and legislative branches have made this a Brazilian national agenda, bringing together industry, agribusiness, environmental organizations and civil society. 01/13/2025 “The year 2024 marked one of the most important chapters in the history of Brazil’s energy transition,” says Erasmo Carlos Battistella, president of Be8, Brazil’s […]
Last year, federal government secured victories in most major cases heard in higher courts 01/13/2025 The federal government won the majority of its tax cases in Brazil’s higher courts in 2024, prevailing in 18 out of 23 significant disputes and avoiding potential losses of billions of reais. In just three cases, the combined impact was […]
Federal revenue in 2024 expected to be second-highest on record, aiding efforts to erase primary deficit 01/13/2025 Boosted by extraordinary payments from oil giant Petrobras and the Brazilian Development Bank (BNDES), Brazil’s federal revenue from dividends and profit-sharing rebounded in 2024, helping the government stay within its fiscal target range. Government projections indicate R$72.97 billion […]
Price levels prompt only selective strategies among major asset managers, which remain cautious on domestic markets 01/10/2025 Pessimism continues to dominate sentiment among key Brazilian asset managers, following a peak in negativity during November and December sparked by frustration over the government’s spending review package. While the significant decline in domestic asset prices has made […]
IPCA accelerated to 0.52% in December; Central Bank’s inflation target was set at 3%, with a tolerance of up to 4.5% 01/10/2025 Brazil’s official inflation rate, measured by the Broad National Consumer Price Index (IPCA), accelerated to 0.52% in December 2024, up from 0.39% in November. This brought the IPCA to a year-end increase of […]
Iron ore outlook for 2025 fuels pessimism for sector stocks; banks slash target prices 01/08/2025 Vale’s market capitalization dropped below $40 billion for the first time since 2016, according to Citi, and continued to decline on Monday (6), reaching $36.8 billion, based on Valor Data. Brazil’s mining giant now lags significantly behind its Australian competitors, […]
Last month, monetary authority sold $21.57bn in the spot market to counter a record $26.41bn outflow 01/09/2025 The Central Bank of Brazil carried out its largest monthly intervention in the spot dollar market in December 2024, marking the most significant activity since the country adopted the floating exchange rate in 1999. The monetary authority sold […]
Plan includes temporary cap on ministry budgets while awaiting congressional budget approval 01/08/2025 The Brazilian government is considering issuing a decree to impose stricter rules on public spending at the beginning of the year, as it awaits Congress’s approval of the Annual Budget Act (PLOA). The proposed decree would limit ministries to spending no more […]