Producers argue government’s decision to extend levy reinforces concerns that it is aimed at raising revenue rather than addressing fuel market disruptions 07/14/2026 Brazil’s oil industry is considering a fresh legal challenge after the government renewed its controversial export tax on crude, according to people familiar with the matter. Producers argue the extension […]
After 28 years with Shell, CEO Cristiano Pinto da Costa will leave to lead expansion of Abu Dhabi-based XRG 07/14/2026 Four years after taking over as CEO of Shell Brasil, Cristiano Pinto da Costa is leaving the company, having doubled its oil asset portfolio since he assumed the role in 2022. At the time, Shell […]
Industry association says proposed changes to 6×1 work schedule would raise costs, worsen labor shortages, increase freight, transit fares 07/13/2026 The National Confederation of Transport (CNT) estimates that a proposal to amend the Constitution (PEC) to abolish Brazil’s six-days-on, one-day-off (6×1) work schedule would have a direct annual cost of nearly R$12 billion for […]
Change would deal further blow to credit market already grappling with restructuring cases, says Evandro Buccini 07/13/2026 The National Treasury’s push to revisit the tax treatment of tax-exempt securities comes at a particularly delicate moment for the credit market, and stands to hurt a segment already facing greater caution from banks and […]
Bank estimates a 0.84-percentage-point impact on inflation in its baseline scenario but warns the effect could double to 1.68 percentage points 07/07/2026 Morgan Stanley economists are increasingly concerned about the potential impact of El Niño on Brazil’s economy, particularly on inflation. The U.S. bank’s baseline scenario assumes a moderate climate pattern but already […]
Lula administration says punitive trade measures would cause unnecessary economic damage and warns against unilateral actions 07/07/2026 President Luiz Inácio Lula da Silva’s administration filed on Monday (6) a response to the findings of an investigation conducted by the Office of the United States Trade Representative (USTR) under Section 301. In […]
Deal spans Australia, South Africa, Brazil, including stakes in MRN, Alumar, with synergies estimated at $900m 07/06/2026 Alcoa announced on Tuesday (30) a final agreement to acquire South32’s interests in bauxite, alumina, and aluminum assets for approximately $4.1 billion in a cash-and-stock transaction. The deal covers operations in Australia, South Africa, and Brazil—including stakes […]
Even with crude below policymakers’ forecasts, markets see rates staying high amid fiscal concerns and unanchored expectations 07/06/2026 The sharp drop in international oil prices, now hovering near levels seen before the start of the war in Iran, may not translate into much more room for monetary easing. Across the interest-rate market, […]
NEWSLETTER June 2026 06/01/2026 BANKS, PIX FACE RISKS FROM U.S. MOVE AGAINST GANGS Designation of PCC and CV as terrorist groups could reshape compliance rules, expose Brazilian companies to scrutiny, and add strain to bilateral ties The U.S. decision to classify criminal factions Primeiro Comando da Capital (PCC) and Comando Vermelho […]