Controlling shareholders concluded that bids “were not satisfactory” 02/01/2023 BP Bunge Bioenergia, valued by the market at around R$9 billion, can process 33 million tonnes of sugarcane per harvest — Foto: Divulgação The sale of the sugar-and-ethanol joint venture formed by U.S. company Bunge and British oil company BP will be formally called off due […]
Analysts predict that Brazil’s four largest banks will report divergent performances 01/31/2023 Bank’s earnings season starting Thursday is expected to show an even stronger growth of credit portfolios in the fourth quarter of 2022 and batter financial margins. The big unknown factor is the impact of the court-supervised reorganization of retail giant Americanas on the […]
LVHM, L’Oréal, and Shiseido are among those interested in buying business 01/31/2023 Aesop’s market capitalization of $2 billion is higher than expected, according to a report by Citi — Foto: Silvia Costanti/Valor Natura has started receiving preliminary consultations for the purchase of a stake in Aesop, a luxury brand of the Brazilian cosmetics giant, sources […]
Strong investor demand and positive profitability of agricultural production were key factors, says global report 30/01/2023 Prices for farmland dedicated to cereal grains in Brazil rose by an average of 45% year-on-year in 2022. The average value per hectare of soybean and corn plantations, for example, rose to R$53.300 from R$36.700, driven by strong investor […]
On the eve of the Copom meeting, de-anchored inflation worries agents 01/30/2023 Agents expect key interest rate Selic to remain at 13.75% on Wednesday — Foto: Marcello Casal Jr/Agência Brasil The recent criticism the current administration has made of inflation targets and the persistence of fiscal uncertainties have translated into a movement of de-anchoring of […]
Projections for the shorter term continue to deteriorate, driven in large part by the prospect of higher fuel prices 01/30/2023 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo Inflation expectations in the financial market have deteriorated again just days before the meeting of the Central Bank’s Monetary Policy Committee (Copom), which will […]
Several pharmaceutical groups warn about distortions resulting from new price list of different drugs 01/27/2023 Brazilian drugmakers, including those focused on generic medicines, asked the government of São Paulo to suspend the ordinance that raised medicine prices amid a risk of “occasional shortages” of certain treatments. In letters sent Thursday to the state’s revenue service, […]
Deal between one of Brazil’s largest regional food retail companies and cash-and-carry chain involved sale of properties, not stores 01/27/2023 Makro store in São José dos Campos — Foto: Reprodução/Youtube Grupo Muffato, one of the country’s largest regional food retail chains, has agreed to buy 16 properties and 11 gas stations from Makro, sources say. […]
Erasmo Carlos Battistella calls for guarantee of predictability, industrial policy, to announce investments 01/27/2023 Erasmo Carlos Battistella — Foto: Claudio Belli/Valor Erasmo Carlos Battistella, the country’s top biodiesel businessman, is hoping that the government will soon set up its technical team, mainly in the Ministry of Mines and Energy (MME), to present the request to […]