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Entries by Gelcy Bueno

Azul plans business combination proposal with Gol in three months

Negotiations progress on Gol’s future amid its U.S. restructuring efforts 05/07/2024 According to insiders, Azul is facing financial challenges, compounded by the weakened Brazilian real and escalating costs, as it negotiates with creditors — Foto: Divulgação Azul intends to submit a business combination proposal with Gol to the United States Bankruptcy Court for the Southern District of New […]

Iconic Brazilian brand Gradiente switches to solar power

Staub family’s company aims to combine strong brand with service delivery focused on residential market 03/07/2024 Marcelo Ribeiro and Eugênio Staub — Foto: Gabriel Reis/Valor Gradiente, a company owned by the Staub family, is investing R$50 million to enter the solar power industry through distributed generation. The new venture, called Gradiente Solar, aims to become a systems integrator for […]

The alleged “copy and paste” scheme of forged funds in Americanas

Signatures were forged in fictitious agreements with industrial companies; Unilever, P&G, and Philips were targeted 07/03/2024 Under the fraud scheme at Americanas, signatures of executives of manufacturing companies were digitally copied from real contracts, according to ongoing investigation — Foto: Bruno Peres/Agência Brasil On March 9, 2019, Maria Christina Nascimento, working in Americanas for 35 years, since […]

Haddad to present fiscal adjustment measures to Lula

Economic team has been working on expenditure review agenda for 60 days 07/03/2024 Fernando Haddad — Foto: Cristiano Mariz/Agência O Globo Finance Minister Fernando Haddad will meet this Wednesday with President Lula to present proposals to ensure compliance with the fiscal framework until 2026. He avoided mentioning a date for the announcement of the measures and emphasized that the […]

Global success of taxing the wealthy requires widespread adoption

Mass participation in the agreement could generate up to $250bn a year to combat hunger and the effects of climate change 07/02/2024 Mauricio Lyrio — Foto: Wenderson Araujo/Valor The success of implementing a wealth tax, a proposal spearheaded by Brazil during its G20 presidency this year, hinges on global adoption, according to Ambassador Maurício Lyrio, secretary of Economic and […]

Animal protein expected to be included in basic food basket

Group working on tax reform report expected to conclude it this Tuesday 07/02/2024 Arthur Lira — Foto: Bruno Spada/Câmara dos Deputados Members of the working group responsible for discussing the main text of the regulation of the tax reform have made progress in ensuring that the exemption of animal protein in the basic food basket […]

Judicial fund freezes yield R$14bn for creditors this year

R$14bn transferred to judicial accounts in the first half to settle creditor claims 07/02/2024 Judge Keity Saboya — Foto: Divulgação The judicial system has markedly improved its efficiency in freezing funds in debtors’ bank and investment accounts. In the first six months of the year, the Judiciary’s Asset Search System (Sisbajud) saw a record surge in successful orders, […]

Stress in domestic market continues, pressures Brazilian real

Currency has been losing ground against the dollar, in its deepest plunge since January 2022; short-term interest rates soar with worsening exchange rate 07/02/2024 Otavio Oliveira da Silva — Foto: Carol Carquejeiro/Valor The perception that risks to the government accounts’ track have not diminished, coupled with an international scenario of high pressure on emerging markets due to rising […]

Clear rules more important than tax hikes, Nissan says

CEO for Latin America argues that competing with Chinese rivals doesn’t depend on tax timing 06/28/2024 Guy Rodríguez — Foto: Gabriel Reis/Valor Automotive industry leaders have recently mobilized to urge the government to reconsider the gradual increase in import taxes for electric cars and instead implement the maximum rate of 35% all at once. However, Guy […]