Gelcy Bueno

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Entries by Gelcy Bueno

“This is one of the most important milestones in the history of our energy transition,” says Be8’s president

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 […]

13 de January de 2025 by

Brazilian government faces R$698.7bn in tax disputes at Supreme Court

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 […]

13 de January de 2025 by

BNDES, Petrobras lead as federal government sees dividends surge

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 […]

13 de January de 2025 by

Local investors stay bearish but take tactical approach in Brazil

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 […]

10 de January de 2025 by

Inflation hits 4.83% in 2024, surpassing target ceiling

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 […]

10 de January de 2025 by

Vale hits lowest market cap since 2016, Citi reports

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, […]

9 de January de 2025 by

Brazil’s Central Bank makes record dollar intervention in December

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 […]

9 de January de 2025 by

Government considers stricter rules for public spending

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 […]

8 de January de 2025 by

Ambev sells Do Bem juice brand to Brazilian Tial

Amount has not been disclosed; deal pending approval by antitrust regulator 01/07/2025 Ambev has decided to sell its juice brand Do Bem, acquired in 2016, to the Brazilian company Tial. According to Ambev, the agreement has been signed and is pending approval from the antitrust watchdog CADE. The amount involved in the deal has not […]

7 de January de 2025 by

Brazil’s trade surplus declines, uncertainty looms over 2025 outlook

Despite a 24.6% drop, 2024 posts second-best performance; exchange rate and U.S.-China tensions add to doubts 01/07/2025 Brazil’s trade surplus for 2024 reached $74.55 billion, a 24.6% drop from the record-breaking $98.9 billion in 2023. Despite the decline, 2024 still secured the second-highest trade surplus since official records began, in 1997, according to the Ministry […]

7 de January de 2025 by