Entries by Gelcy Bueno
Soccer King Pelé dies of cancer at 82
After one month in hospital, he lost a battle against a colon cancer 12/30/2022 Pelé — Foto: Eraldo Peres/AP The former soccer player Pelé died this Thursday, at 82 years old. The greatest soccer world idol was admitted to Albert Einstein Hospital, in São Paulo, on November 29, and his health condition worsened in recent […]
Tough fiscal scenario suggests more restrained activity in 2023
Projections for GDP growth in the year remain at the median of 0.7%, but a wave of revisions has already begun 12/30/2022 Armando Castelar Pinheiro — Foto: Ana Paula Paiva/Valor While it is making its way in Congress, the so-called Proposal to Amend the Constitution (PEC) for the Transition and the expectations surrounding President-elect Luiz […]
Ethanol to become more competitive with gasoline
Agreement to suspend relief on fuels is the cause, even with higher prices at pumps 12/29/2022 The end of the fuels relief is expected to immediately cause a slight improvement in the competitiveness of hydrous ethanol and in the remuneration of the mills. However, mills are still likely to continue preferring to produce sugar in […]
End of waivers on fuels helps, but reviewing spending is still necessary
End of relief is expected to return almost R$55bn to federal government next year 12/29/2022 Raul Velloso — Foto: Leonardo Rodrigues/Valor The end of federal taxes relief on fuel as of January leaves the central government deficit (National Treasury, Social Security, and the Central Bank) in 2023 closer to 1% than to 1.5% of GDP, […]
Strengthening in governance helped state-owned companies
Shielding increased and improved results, but did not prevent political interference 12/27/2022 Brazil’s postal service will close this year with R$3 billion in cash — Foto: Valor Correios, Brazil’s postal service, will close this year with R$3 billion in cash, not counting debts, six times more than at the end of 2019. Oil giant Petrobras […]
Friction between new government and rural sector is expected
Bolsonaro administration was marked by good relations and joint victories, some criticized by public opinion 12/27/2022 The four years of the Bolsonaro administration have been marked by a flagrant alignment between the president and a large part of Brazilian agribusiness, in a relationship in which both sides have reaped fruits. As seen in the elections, […]
Nutrien to prioritize integration of acquisitions
After nearly tripling in size in Brazil, company does not rule out new purchases 20/12/2022 Andre Dias — Foto: Silvia Zamboni/ Valor After nearly tripling in size in Brazil by 2022 and reaching revenues of R$8 billion, Nutrien has elected as goals for the country in 2023 to ensure the proper integration of assets purchased […]
New wave of railroad projects totals R$61bn
Package includes auctions, renewals, and an authorization regime 12/20/2022 In the last four years, the railroad sector has seen a wave of new projects. At least R$61 billion in investments were contracted (considering the values at the time of contracting), including auctions of new stretches, early renewal of concessions, and a new private railroad. The […]