Chance of Republican victory in White House, Congress affects emerging markets 10/16/2024 The positive sentiment in local markets, buoyed by more favorable fiscal signals from the Brazilian government, was short-lived. External factors once again dominated the movements of domestic assets on Tuesday, with increased bets on a win by Republican Donald Trump in the U.S. […]
Amid government pressure, company risks losing concession; process would be slow and complex 10/15/2024 The crisis opened by the blackout in São Paulo is expected to complicate the renewal of Enel’s concession, which expires in June 2028, according to experts interviewed by Valor. The current perception is that the contract would head towards a bidding […]
Plan to be presented by December aims to establish measures as state policy, ensuring their continuity regardless of the administration in power 10/15/2024 A “significant package” of spending review measures is expected to be presented this year, an official of the economic team told Valor. The aim, the person explained, is to position these measures […]
Investment will drive expansion of input distribution, agricultural production, and strategic acquisitions 10/14/2024 Agrex do Brasil, a subsidiary of Mitsubishi Corporation, plans to invest R$700 million to expand its input distribution, agricultural production, and infrastructure operations. The funds will support new dealerships, increased soybean and corn production, an expanded seed business, and the construction of […]
If the measure moves forward in Congress, seven state caucuses would gain seats, while seven others would lose 10/14/2024 Following the progression of measures aimed at curbing the powers of the Supreme Court and the anticipated approval of a bill granting amnesty to participants in January’s coup-mongering acts, the Lower House’s Constitution and Justice Committee […]
Government’s presumed 9% tax credit for industrial groups and global consolidation of foreign subsidiaries will expire by December 10/14/2024 The federal government is evaluating alternatives to prevent a sharp tax increase for Brazilian companies operating abroad starting in 2025. By December, the presumed 9% tax credit granted to Brazilian industrial companies with foreign operations and […]
Nearly R$52bn may stem from low voltage migration, says strategy&; free supplier choice could capture 65% of the market 11/10/2024 The complete opening of Brazil’s electricity market to consumers on low voltage connections could generate an estimated R$120 billion by 2040. Of this total, R$52 billion would come from new consumers migrating to the free […]
The median estimate from 26 consultancies and financial institutions surveyed by Valor Data expected a 0.6% decline in the period 11/10/2024 Core retail sales volumes dropped 0.3% in August compared to July, in seasonally adjusted terms, according to the Monthly Survey of Trade (PMC) released by the Brazilian Institute of Geography and Statistics (IBGE) on […]
Capital flight from Brazil has not yet impacted local currency significantly, but it is restricting gains 10/11/2024 U.S. dollar outflows from Brazil through the country’s financial account totaled $52.4 billion between January and September, marking the second-largest outflow for the period in history. The negative financial flow this year is on track to become the […]
AGU is requesting information on measures taken to manage gambling and betting ads directed at minors 10/09/2024 Brazil’s Attorney General’s Office (AGU) has issued an extrajudicial notice to YouTube, TikTok, Kwai, and Meta (including Instagram and Facebook). The notice seeks information on the steps being taken to manage advertising related to gambling or betting that […]