Company plans to invest more than R$350m in its first biomethane plant from sugarcane waste 04/12/2024 Atvos, owned by the Arab fund Mubadala, is set to invest over R$350 million in establishing its inaugural biomethane production unit from sugarcane waste. An investment memorandum has been signed for the construction of the facility in Nova Alvorada […]
Term deposits jumped again in 2023 as customers migrated from funds to lower-risk products 12/04/2024 Luiz Masagão — Foto: Divulgação The start of the fall in the Selic rate in August last year was not enough to increase investors’ appetite for risk. While investment funds withdrew R$127.9 billion in 2023, bank funding from CDBs rose […]
With a provisional presidential decree, federal government extends deadline for accessing discounts on use of power grid 04/11/2024 Alexandre Silveira — Foto: Valter Campanato/Agência Brasil President Lula signed a provisional presidential decree on Tuesday that drew criticism from the power industry. The decree extends the deadline for wind and solar power projects to access subsidies […]
Tom Vilsack suggested that this was taking place in retaliation against recent restrictions on foreign ownership of farmland in the country 04/11/2024 Tom Vilsack — Foto: Yuri Gripas/Bloomberg U.S. Agriculture Secretary Tom Vilsack suggested that China could be favoring Brazil’s soybeans and corn partly in retaliation against recent restrictions on foreign ownership of farmland in […]
Chemical industry estimates that illicit market in Brazil amounts to between $2.9bn and $3.7bn 04/11/2024 Agricultural pesticides originating from Paraguay and Argentina seized by the Federal Revenue of Foz do Iguaçu and by the police of Paraná and Santa Catarina — Foto: Divulgação/Receita Federal Just over a year ago, state and federal law enforcement agents […]
Italian group reports that 75% of revenues are generated by digitalization business; in Brazil, AI has reduced the number of employees 04/11/2024 Marco Tripi — Foto: Rogerio Vieira/Valor Almaviva, an Italian group that operates with digitalization and relationship management services between companies and their customers, acquired 51% of Magna Sistemas, a Brazilian software and technology […]
IPCA at 5% in 2025 worries some economists amid effects of employment in the services sector 04/10/2024 Alexandre Bassoli — Foto: Silvia Zamboni/Valor Although the market’s median expectation for inflation in 2025 has been around 3.5% for months, some economists expect inflation to accelerate from this year to the next, especially due to the dynamics […]
ICMS increases and cuts in subsidies catch sellers by surprise 04/10/2024 Felipe Tavares — Foto: Divulgação A combination of adverse legal measures affecting retail chains has begun to impact consumers’ wallets, leading to price pressures in the market. Unexpected changes in tax regulations by the government and the Supreme Federal Court (STF) approved at the […]
Office of the Chief Prosecutor of Brazil says that company representatives should be heard in the investigation 04/10/2024 Alexandre de Moraes — Foto: Rosinei Coutinho/SCO/STF Justice Alexandre de Moraes of the Federal Supreme Court denied a request from representatives of platform X in Brazil (formerly Twitter), stating that they should be held accountable for the […]
Decision could end dispute involving actions worth R$55.2bn and help government reduce primary deficit to zero 04/09/2024 Agreement could put an end to a dispute involving actions totaling R$55.234 billion — Foto: Roberto Pagot/Agência Petrobras State-owned oil company Petrobras is studying the possibility of entering into a tax settlement to be proposed by the federal […]