Second stage of offer had R$110bn in orders until last week; low price, inflated orders, Equatorial behind high market interest 07/15/2024 The book-building period for the second phase of the offer for Sabesp ends this Monday — Foto: Victor Moriyama/Bloomberg With a relatively low share price, the second phase of water utility Sabesp’s privatization has […]
Gap between borrowing and lending rates hit 18.85 percentage points in May, marking the narrowest margin since July 2022 15/07/2024 Alessandra Ribeiro — Foto: Leonardo Rodrigues/Valor The banking spread in Brazil, the premium that financial institutions add to loans, has dipped to its lowest point in nearly two years. Yet, the fluctuating interest rate landscape […]
National Petroleum Agency’s Director-General Rodolfo Saboia says regulator needs mandate; lack of resources could be an issue 12/07/2024 Rodolfo Saboia — Foto: Leo Pinheiro/Valor Brazil’s Petroleum Agency (ANP) is gearing up to regulate the hydrogen market, but according to the agency’s director-general, Rodolfo Saboia, a lack of resources could hinder this effort. Mr. Saboia mentioned Tuesday […]
The accounting scandal at retail chain Americanas has intensified discussions around “clawback” policies for recouping bonuses and benefits previously awarded to executives. This practice is becoming increasingly common both in Brazil and the United States, particularly among Brazilian companies with ADRs listed on the American market, such as Ambev and Vale, which already implement such […]
Negotiations underway to establish measures for limiting standard VAT rate to 26.5% 07/12/2024 Rodrigo Pacheco — Foto: Jefferson Rudy/Agência Senado Members of the Ministry of Finance and the Senate are already negotiating ways to ensure the effectiveness of the provision included in the consumer tax reform regulations to limit the standard rate to 26.5%. Under […]
Senate President Pacheco’s proposal alters indexation, freezes payments, and sets debt at R$700bn to be repaid over a span of 30 years 10/07/2024 Rodrigo Pacheco — Foto: Geraldo Magela/Agência Senado Brazilian Senate President Rodrigo Pacheco introduced on Tuesday (9) a supplementary bill proposing new guidelines for state debt repayment to the federal government. This legislative change, initiated […]
Mining company to cut list to three by July’s end, with CEO appointment expected in August 07/10/2024 Vale’s board wants to turn the page and is looking for an executive who can lead the company’s growth process — Foto: Leo Pinheiro/Valor An initial shortlist of 15 potential candidates for Vale’s CEO position was made public Tuesday amidst […]
Union says some imported assemblies with tariff benefits include parts available in Brazil 07/08/2024 Claudio Sahad — Foto: Silvia Zamboni/Valor The automakers’ attempts to bring forward the imposition of the maximum import tax rate on electric and hybrid cars gained support this week. Representatives of the auto parts industry raised their concerns with Vice President Geraldo Alckmin. The […]
Petrochemical company failed to pay $1bn natural gas supply contract, started arbitration against oil giant 07/08/2024 Unigel reactivated operations at the Sergipe and Bahia plants in 2021 with an investment of R$500m — Foto: Divulgação Petrobras plans to take over nitrogen fertilizer plants in Laranjeiras (Sergipe) and Camaçari (Bahia) leased to Unigel in 2020, Valor learned. The move aligns with […]
Company’s new CEO and CFO reiterated last week that they see no reason to change pricing policy 07/08/2024 For the Brazilian Association of Fuel Importers (ABICOM), Petrobras’s lag could increase if oil prices remain high — Foto: Hermes de Paula/Agência O Globo Despite the recent appreciation of the real and a relief in Brent oil prices on Friday, Petrobras’s fuel […]