Government spending pressures and revenue assurance efforts could still prompt rate adjustments 12/18/2024 Brazilian Lower House’s rejection of 34 amendments made by the Senate to the tax reform regulation—which had contributed to raising the standard rate of the Value Added Tax (IVA)—is unlikely to ensure that the rate remains at 26.5%, experts interviewed by Valor suggest. […]
Paraná’s highway Lot 6 draws bid from EPR; three port terminals up for auction 12/17/2024 The federal government is set to conduct auctions this week for three port terminals—in Maceió, Rio de Janeiro, and Amapá—in addition to a major highway concession in Paraná. These projects are expected to attract a combined investment of R$16.3 billion, […]
President-elect says tariffs “will make the U.S. rich” and signals trade will be based on reciprocity 12/17/2024 In his first press conference since the election, U.S. President-elect Donald Trump defended his plans to impose tariffs on imports from several countries. Speaking at his Mar-a-Lago resort in Florida, Mr. Trump publicly included Brazil for the first time among […]
Additional tax on sugary drinks reinstated as Congress debates changes 12/17/2024 The tax reform working group in Brazil’s Lower House has proposed rejecting tax breaks approved by the Senate for sectors such as veterinary services, pet health plans, basic sanitation, funeral homes, commercial representatives, biscuits, mineral water, and soccer corporations (SAFs). The group also opted […]
Maria Luiza Paiva had been with Vale since February 2021 after holding a similar position at Suzano; projects team led by Alexandre Pereira could be disbanded as well 12/11/2024 Under new leadership, Vale continues to overhaul its management structure. On Tuesday (10), the mining giant informed employees of further changes in its executive ranks, sources […]
Citing an adverse scenario, the Monetary Policy Committee unanimously raised the Selic policy rate to 12.25% 12/12/2024 The Monetary Policy Committee (COPOM) accelerated its tightening pace, raising the benchmark Selic rate from 11.25% to 12.25%. Citing a more adverse and less uncertain scenario, the committee also signaled two additional hikes of 100 basis points each […]
By Alexandre Tuzzolo Paulino
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 […]