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Entries by Gelcy Bueno

The conditions behind Toyota’s big-ticket bet in Brazil

Market and political issues explain R$11bn investments until 2030 03/06/2024 Evandro Maggio — Foto: Divulgação The circumstances that led Japanese automaker Toyota to announce an investment package of R$11 billion for Brazil until 2030, the largest in the company’s 66-year history in the country, include market and political issues. In an interview with Valor on […]

Azul plans to bid for rival Gol’s assets

Sources say talks are in the initial stages; airline had also approached Latam years ago 06/03/2024 Azul’s proposal is expected to be launched during the formulation of Gol’s exit financing—a type of financing granted to companies facing reorganization — Foto: Leo Pinheiro/Valor Azul Airlines is considering making a bid to acquire the operations of its […]

Brazilian courts grant record number of social security benefits

In 2023, almost 16% of new benefits were obtained through the courts 03/05/2024 Alessandro Stefanutto — Foto: Wenderson Araujo/Valor The National Institute of Social Security’s (INSS) pension contribution’s benefits granted by court orders in 2023 reached a new record: of the 5.964 million new benefits granted last year, 15.85% came from court decisions. Litigation is […]

Toyota to invest R$11bn in the country, Brazil’s vice president says

Carmaker’s announcement demonstrates “confidence” in Brazilian economy, Geraldo Alckmin said 03/04/2024 Geraldo Alckmin — Foto: Cadu Gomes/VPR Vice President Geraldo Alckmin said Sunday (3) that he was about to attend an event on Tuesday (5) at Toyota to announce an investment of R$11 billion in Brazil for the production of new vehicle lines. According to […]

States face lower tax revenue, higher expenses

Despite federal government compensation, states could face tough 2024 after losing revenues from taxes, federal grants 03/04/2024 Renata dos Santos — Foto: Ricardo Ledo/Valor While the federal government compensated states for losses from lower collection of the Tax on Circulation of Goods and Services (ICMS), the combined revenues of Brazil’s 26 states and the Federal […]

Market debates Central Bank’s forward guidance

Economists discuss whether it’s time for monetary authority to revise forecasts of 50bp cuts in key interest rate 03/04/2024 Gabriel Galípolo — Foto: Pedro França/Agência Senado As monetary easing progresses in Brazil, a debate is gaining momentum in the market as to when the Central Bank’s Monetary Policy Committee (COPOM) will adjust the communication of […]

Solfácil raises R$600m for solar project

Issue coordinated by Itaú BBA is Brazil’s largest operation in this segment 02/29/2024 Kanastra’s Netto and Solfácil’s Tiret — Foto: Ana Paula Paiva/Valor Solfácil, a company operating in the solar power industry, has raised R$600 million in Real Estate Receivables Certificates (CRIs) with the asset management company Kanastra. The objective is to enable the financing […]

Casino reports €1.9bn loss on GPA after asset value review

French group is expected to relinquish control of the chain in the country; a share offer in Brazil could proceed by April 02/29/2024 Jean Charles Naouri — Foto: Leo Pinheiro/Valor The French group Casino had to write off €1.85 billion in 2023 related to its investments in GPA, the operator of Pão de Açúcar. This […]

Brazil proposes tax on super-rich, but sees no consensus at G20

Proposal is unlikely to be included in final statement of finance ministers’ meeting in São Paulo 02/29/2024 Finance Minister Fernando Haddad participated in the meeting via videoconference because he recently tested positive for COVID-19 — Foto: Kelly Fersan/MF At the opening of the G20 finance ministers and central bankers’ meeting in São Paulo, Brazilian Finance […]