Restructuring process involving assets in Europe, Asia, and Africa was halted 08/13/2024 Avon’s innovation center in Cajamar, São Paulo: Natura plans to lend $43 million to this subsidiary during the reorganization process — Foto: Daniela Braun/Valor Avon Products Inc. (API), a non-operating subsidiary of Natura and the Brazilian beauty brand’s holding company in the U.S., filed for protection from […]
Specialist managers increase transactions involving problematic assets 08/07/2024 Renato Azevedo — Foto: Gabriel Reis/Valor Companies facing financial distress and undergoing restructuring are increasingly being sold for nominal amounts, with buyers assuming the existing debts. A notable instance is the sale of the retailer DIA for €100 during its court-supervised reorganization process. Initially, the Spanish group attempted to divest the asset before […]
Meeting minutes reveal a more conservative stance than initial analyst interpretation 08/07/2024 Minutes from last week’s meeting state that Central Bank’s decision in September will depend on the economic developments until then — Foto: Divulgação/BCB The Central Bank of Brazil’s Monetary Policy Committee (COPOM) has indicated the possibility of a rate hike at its next meeting in September, while […]
While services data offers relief, concerns about the U.S. economy persist 08/06/2024 Ruy Alves — Foto: Leo Pinheiro/Valor Global markets plunged into panic amid mounting fears of a U.S. recession in Monday’s trading session. Risk aversion gripped investors from the early hours, starting with Japan’s stock market experiencing its second-worst day ever and continuing across global stock markets throughout the […]
Market expects the five scheduled auctions to attract at least one offer each 08/06/2024 Viviane Esse — Foto: Gesival Nogueira Kebec/Valor The highway concessions segment will see a series of large auctions in the second half of the year. At least five tenders by the São Paulo state and the federal government are planned and could total R$32.3 billion […]
Regulatory certification pending, vertical and take-off landing vehicle eVTOL promises lower emissions and reduced costs, eyeing competition with helicopters 08/06/2024 Vertical take-off and landing vehicles—eVTOLs, also known as flying cars—attracted 830 orders — Foto: Divulgação Currently undergoing certification with regulatory agencies, the future vertical take-off and landing vehicles—eVTOLs, also known as flying cars—attracted 830 orders from […]
In minutes of last meeting, Monetary Policy Committee members stated that domestic and international conditions require even greater caution in conducting monetary policy 06/08/2024 Central Bank’s building in Brasília — Foto: Raphael Ribeiro/BCB Central Bank’s Monetary Policy Committee reported in minutes released this Tuesday that its members agreed “that there are more upward risks for inflation, […]
MURRAY ADVOGADOS
Public spending watchdog sees wrongdoings in tolling contract 08/02/2024 Roberto Noronha Santos — Foto: Silvia Zamboni/Valor The discussions between Unigel and Petrobras around the natural gas used as raw material in the fertilizer factories leased by the petrochemical company took on a new shape. In a report dated Wednesday (31), the Federal Court of Accounts (TCU) concluded that there […]
Short-term interest rates dip amid balanced communication; long-term rates rise on external pressures and risk premium demands 02/08/2024 Denis Ferrari — Foto: Rogerio Vieira/Valor The reception of local agents to the Central Bank’s Monetary Policy Committee (COPOM) decision was mixed. While some of the market bet on and chose to see a harsher tone in the monetary […]