Plan includes 2,500 City Express rooms; focus on Ibis brand investors, independent groups 07/18/2024 Vanessa Martins — Foto: Gabriel Reis/Valor The Marriott International hotel chain is moving with its plan to enter the economy and midscale segments with the arrival of the City Express brand in Brazil. According to Vanessa Martins, top executive of Marriott Brazil, the chain has […]
Announcement made at meeting of the sector with President Lula includes contributions already started in 2023 07/17/2024 President Lula announces investments at the Planalto Palace — Foto: Ricardo Stuckert/PR Representatives of the food industry confirmed on Monday to President Luiz Inácio Lula da Silva that R$120 billion will be invested in the country by 2026. […]
BTG will back 75% of the capital increase; company expected to be its main platform in the sector 07/17/2024 Lino Cançado — Foto: Divulgação Power generation company Eneva is acquiring four thermopower plants from BTG Pactual and will carry out a public offering of up to R$4.2 billion to back the acquisition and reduce leverage. […]
The proposed model mirrors the UK’s approach, segregating responsibilities between prudential and conduct regulation 07/17/2024 Otavio Yazbek — Foto: Silvia Costanti/Valor The Ministry of Finance is exploring the implementation of the “twin peaks” model in Brazil. This approach would elevate the Central Bank (BC) and the Securities and Exchange Commission (CVM) to “super-regulators” overseeing the […]
Through strategic agreements, government successfully minimized disbursements in three significant cases 07/16/2024 Priscila Faricelli — Foto: Divulgação The federal government has successfully averted a financial hit estimated at R$169.24 billion in legal judgments handed down by the Federal Supreme Court and the Superior Court of Justice in the first half of the year. This total […]
Brazilian sales up 12% in value and 23.5% in volume, says Amcham 07/16/2024 Abrão Neto — Foto: Rogerio Vieira/Valor Brazilian exports to the United States reached a record $19.2 billion in the first half of this year. The trade between the countries grew 12% in value (or $2.1 billion) and 23.5% in volume (4 million […]
Rise was driven by increased production and global demand, with significant growth in sales to the USA and China 07/15/2024 Revenue from shipments in the crop year ending in June also set a record, reaching $9.8 billion, an increase of 20.7% — Foto: Divulgação Brazil’s coffee exports for the 2023/24 crop year (July 2023 to […]
Second stage of offer had R$110bn in orders until last week; low price, inflated orders, Equatorial behind high market interest 07/15/2024 The book-building period for the second phase of the offer for Sabesp ends this Monday — Foto: Victor Moriyama/Bloomberg With a relatively low share price, the second phase of water utility Sabesp’s privatization has […]
Gap between borrowing and lending rates hit 18.85 percentage points in May, marking the narrowest margin since July 2022 15/07/2024 Alessandra Ribeiro — Foto: Leonardo Rodrigues/Valor The banking spread in Brazil, the premium that financial institutions add to loans, has dipped to its lowest point in nearly two years. Yet, the fluctuating interest rate landscape […]
National Petroleum Agency’s Director-General Rodolfo Saboia says regulator needs mandate; lack of resources could be an issue 12/07/2024 Rodolfo Saboia — Foto: Leo Pinheiro/Valor Brazil’s Petroleum Agency (ANP) is gearing up to regulate the hydrogen market, but according to the agency’s director-general, Rodolfo Saboia, a lack of resources could hinder this effort. Mr. Saboia mentioned Tuesday […]