November saw an accelerated decline, with impacts visible in key indicators, currency shifts, and long-term interest rates, heightening economic concerns 12/10/2024 The government’s fiscal adjustment package and the proposed income tax exemption for individuals earning up to R$5,000 per month have worsened Brazil’s financial conditions, a composite measure of variables such as interest rates and […]
Expansion aims to boost production of enzymes essential for manufacturing Ozempic and Wegovy, medications used to treat diabetes and obesity 12/10/2024 Danish pharmaceutical company Novo Nordisk announced on Monday (9) an additional investment of R$500 million in Brazil. The funds will be used to construct a new annex at the company’s plant in Montes Claros, […]
President underwent emergency surgery Monday night; he is in the ICU at Hospital Sírio-Libanês in São Paulo 12/10/2024 President Lula is stable, speaking normally, and has not suffered any brain impairment after an emergency surgery on Monday night, said Roberto Kalil Filho, the head of the medical team that operated on him. This was announced during […]
According to the company, shift reduces the carbon footprint by 75% 12/09/2024 Norwegian agricultural giant Yara has started using biomethane as a substitute for natural gas in its production of sustainable ammonia. According to the company, this shift reduces the carbon footprint by 75% compared to traditional ammonia derived from fossil fuels. Yara aims to […]
Petronas enters the market and Texaco makes a return, while Larco, Ale, and SIM vie for top rankings 12/09/2024 The entry of new brands into Brazil’s fuel distribution market, such as Petronas and Texaco—making a comeback after 16 years—along with the accelerated growth of medium-sized distributors, has shifted the balance of power in the sector in 2024. […]
Trade surplus hits $7bn, down 20% year-on-year, as imports outpace exports 12/06/2024 Oil has set a new record in export value for the year through November, becoming Brazil’s top exported product for the first time since the country began tracking trade balance data in 1997. The export of the commodity totaled $42.76 billion over the […]
China’s fifth-largest automaker plans R$5.8bn investment to start production in Brazil 12/06/2024 Automakers setting up operations in Brazil typically begin by establishing dealerships, factory infrastructure, and staff training. GAC, the fifth-largest carmaker in China, is taking a different approach. As it enters the Brazilian market, its first move was to ink partnerships with local universities […]
At Vale Day, company emphasizes iron ore production flexibility amid challenging scenario 12/06/2024 Vale CEO Gustavo Pimenta said the company is studying the Bahia Mineração (Bamin) project but no investment decision has been made. He commented on the topic on Tuesday (3), during Vale Day, a company meeting with investors, at the New York Stock […]
Lower House is moving to limit loan capabilities; industrial sector criticized measure, citing risks 12/05/2024 In a setback for the Lula administration, the Constitutional and Justice Committee (CCJ) of Brazil’s Lower House approved on Wednesday (4) a constitutional amendment proposal (PEC) mandating that loans from federally controlled state-owned banks require congressional approval when involving international operations. […]
Controlled by Appian funds, Vale Verde focuses on ore processing 12/05/2024 Chinese mining group Baiyin Nonferrous is acquiring Brazil’s Mineração Vale Verde, owned by British private equity manager Appian Capital Advisory, Valor’s business website Pipeline learned. The mining company operates the Serrote mine in the state of Alagoas, specializing in copper concentrate production. The acquisition […]