Gelcy Bueno

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Entries by Gelcy Bueno

IBAMA upholds denial for Petrobras drilling in Amazon basinrazil’s environmental agency listed technical issues they believe prevent reversing previous decision against permit

10/30/2024 Twenty-six analysts from the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) signed a report recommending the environmental permit denial for Petrobras to drill a well in Block FZA-M-59, located in the Foz do Amazonas Basin on the Equatorial Margin, should be upheld. The team listed technical issues they believe prevent reversing the […]

30 de October de 2024 by

CVM streamlines regulations for public takeover bids

New guidelines, part of the 2024 regulatory agenda, take effect on July 1, 2025 10/30/2024 The new rules concerning the so-called OPAs—public takeover bids—were issued on Tuesday as part of the Brazilian Securities and Exchange Commission’s (CVM) regulatory agenda for this year. These measures will come into force on July 1, 2025. Public takeover bids, […]

30 de October de 2024 by

China to demand full traceability for beef supply chain

First shipments of 100% traceable beef expected by 2025, according to Chinese NGO Global Enviromental Institute 10/28/2024 China, the main destination for Brazilian beef exports, signaled during its last technical visit to Brazil in December that it will soon require full traceability across the beef supply chain, from the birth of the animal to its […]

28 de October de 2024 by

Municipal election results weaken Lula-Bolsonaro polarization

Centrist Social Democratic Party emerges as the big winner, electing 887 mayors; Brazilian Democratic Movement secures 854 10/28/2024 This year’s municipal election results have diluted the national polarization between President Lula and former President Jair Bolsonaro. In most of the 50 runoff contests, candidates occupying the political center emerged victorious. Those who remained strictly within […]

28 de October de 2024 by

Petrobras tops dividend yield rankings for the year

Metric derived from the ratio of shareholder payouts to stock price 10/25/2024 Petrobras has emerged as the Brazilian company with the highest dividend yield this year. The preferred and common shares of the oil giant are leading the list of stocks with the highest “dividend yield” (DY) percentage, according to a report by financial information […]

25 de October de 2024 by

High inflation reading shows challenging outlook

ith a rise of 0.54% in October, the IPCA-15 presents concerning data, according to economists, and inflation estimates for this year may worsen 10/25/2024 Mid-month inflation index IPCA-15— a barometer for Brazil’s full month official inflation—presented “concerning” data in the eyes of economists, potentially triggering upward revisions in inflation estimates for 2024. The index rose […]

25 de October de 2024 by

Be8 will start producing  a new biofuel to accelerate  decarbonization

With a competitive cost, Be8 BeVant reduces carbon monoxide emissions by up to 50%, becoming a solution for companies seeking to meet short-term sustainability goals 10/24/2024 Be8,  the  leading  biodiesel  company  in  the  country,  announces  the  start  of  production of Be8  BeVant for the next month. Be8 BeVant is an innovative bio-distilled methyl ester  biofuel, which fully replaces fossil diesel and can reduce  greenhouse  gas  emissions  by  up  to  50%. The  company  is  currently just  waiting for the license from the National Agency […]

24 de October de 2024 by

Investment in hybrids, EVs surpasses R$63bn in Brazil

In an accelerated transition scenario, hybrid and electric vehicles are projected to dominate local market, comprising 54% of sales by 2030 10/24/2024 In five years, sales of hybrid and electric vehicles are expected to surpass those of combustion models. According to consultancy studies commissioned by the industry, this shift may occur even sooner. Currently, hybrid […]

24 de October de 2024 by

Northeast expands renewable power transmission across Brazil

According to the grid operator, new lines will restore wind and solar generation levels seen before the August 2023 blackout 10/22/2024 Brazil’s national grid operator ONS has increased the capacity to transmit renewable power from Brazil’s Northeast to the rest of the country with the activation of three new transmission lines and a power substation. […]

22 de October de 2024 by

EMS-Hypera merger could spark new wave of consolidation

Combination of the two companies could generate revenue of R$16bn and capture a market share of approximately 17% in the laboratory industry 10/22/2024 Negotiations for a merger between EMS and Hypera could mark the start of a second wave of consolidation among Brazilian drugmakers. There is an expectation that other groups may accelerate mergers and […]

22 de October de 2024 by