Ilan Goldfajn was supported by the United States, Canada, and Mercosur 11/22/2022 Ilan Goldfajn — Foto: Ana Paula Paiva/Valor With the decisive support of the United States, Canada and the entire Mercosur, former Brazil’s Central Bank President Ilan Goldfajn was elected Sunday president of the Inter-American Development Bank (IDB). Mr. Goldfajn, the first Brazilian in […]
Brazilian company signed an exclusivity agreement with Japan’s NH Foods 11/22/2022 NH Foods had paid nearly $135 million for BPU five years ago — Foto: Divulgação Minerva Foods is close to buying another facility abroad. The Brazilian company signed an exclusivity agreement with Japan’s NH Foods to discuss the acquisition of Breeders & Packers Uruguay […]
If privatized as announced, the state-run company will become a corporation with dispersed ownership 11/22/2022 Copel is seen by the market as a solid company with good governance — Foto: Reprodução Facebook Copel The decision of the government of Paraná to privatize Copel by trading shares held by the state in the financial market puts […]
Ultra’s company has already entered distributed generation 11/22/2022 Tabajara Bertelli — Foto: Claudio Belli/Valor A few weeks after the acquisition of startup Stella and getting into distributed solar power generation, Ultragaz — the liquefied petroleum gas (LPG) distributor of Ultra group — made a new strategic move to consolidate itself as an energy company with […]
Difference between Brazilian and U.S. real interest rates increases again after elections 11/22/2022 Thiago Mendez — Foto: Leo Pinheiro/Valor One barometer of the size of the premium demanded by the market is the spread between Brazil’s long-term real interest rate and the U.S. benchmark real rate. Real interest is the indicator that usually represents the […]
Senator Tasso Jereissati will file a proposal to amend the Constitution suggesting a way to ensure monthly payments for cash-transfer program 22/11/2022 Tasso Jereissati — Foto: André Coelho/Valor Senator Tasso Jereissati will file a proposal to amend the Constitution (PEC) suggesting an alternative way to ensure monthly payments of R$600 for the cash-transfer program Bolsa […]
Wealth and asset management firms see more interest in foreign assets after election 11/21/2022 Roberto Lee — Foto: Silvia Costanti / Valor The market jitters caused by doubts about what Brazil’s fiscal policy will look like as of 2023 left everything cheaper, from stocks to long-term fixed-income bonds to the local currency. But instead of […]
Abdib indicates an increase in investment in 2022, but the volume falls far short of what is needed 11/21/2022 The infrastructure sector could generate R$173.1 billion in new private-sector investments by 2027. Projects auctioned since 2019 account for R$96.2 billion of that. The remaining R$76.9 billion would come from auctions to be held in the […]
Proposal sets date for future government to create a new sustainable fiscal regime 11/21/2022 Alessandro Vieira — Foto: Roque de Sá/Agência Senado The alternative proposal to the so-called Transition PEC, a proposal to amend the Constitution, filed on Saturday by Senator Alessandro Vieira (Brazilian Social Democracy Party, PSDB of Sergipe) and anticipated to Valor, reduces […]
Record harvest of wheat and reduction in consumption reduce Brazilian imports 18/11/2022 A severe drought, followed by several frost episodes, is expected to cause Argentina’s wheat crop to finish 40% below initial estimates, with around 12 million tonnes. As Brazil is the largest consumer of Argentine grain, with purchases close to 6 million tonnes each […]