Sérgio Caetano Leite, the oil company’s chief financial and investor relations officer, says that the pilot project involving 157 million shares is 86% complete 05/10/2024 Sérgio Caetano Leite — Foto: Leo Pinheiro/Valor Petrobras is studying a new stage in its share buyback program, which began last year, Sérgio Caetano Leite, the company’s chief financial and […]
Company made $15bn offer to buy IP, sources say; earnings fell 96% in Q1, to R$220m 05/10/2024 Walter Schalka — Foto: Ana Paula Paiva/Valor Just under two months before stepping down as CEO of Suzano, Walter Schalka said the pulp and paper company will maintain its long-term investment perspective and, consequently, growth. However, the executive […]
Economists estimate an impact of 0.2 to 0.3 percentage points driven by agribusiness 05/10/2024 The Central Market is flooded after heavy rain in Porto Alegre — Foto: Andre Penner/AP The impact of the floods in Rio Grande do Sul, the state with the fourth-largest share of Brazil’s Gross Domestic Product, on the national economy may […]
Chinese company is in fifth place in cell phone brands 05/09/2024 The Multi Group, formerly known as Multilaser, announced on Wednesday (8) an exclusive partnership for the manufacture and distribution of smartphones from China’s Oppo in Brazil. Sales of the devices will be made exclusively by retailer Magalu. Since 2022, Oppo has been importing its […]
State government estimates that 600,000 MSEs were affected by rains and flooding 05/09/2024 A boat navigates through a flooded street after heavy rain in Canoas, Rio Grande do Sul — Foto: Carlos Macedo/AP The death toll due to the rains in Rio Grande do Sul has risen to 107, with 136 people missing and one […]
Policy interest rate was cut by 25 bp; decision was made by 5 to 4 in the collegiate meeting 09/05/2024 Central Bank’s building in Brasília — Foto: Beto Nociti/BCB In a decision that divided its members, the Central Bank’s Monetary Policy Committee (COPOM) on Wednesday reduced the policy interest rate, known as Selic, to 10.50% […]
Lack of definitive agreement on the petrochemical company’s environmental liabilities made Abu Dhabi state-owned company withdraw from negotiations 05/08/2024 Five years on, Alagoas has once again become the sticking point in Braskem’s sale process. The lack of a definitive agreement on the petrochemical company’s environmental liabilities in Maceió and a recent interest in other oil […]
Current account had a deficit of $32.6bn in first quarter 05/08/2024 Foreign Direct Investment totaled $23.3 billion in the first quarter of this year, the highest result for the period since 2017. The month of March, which saw the highest figure for the month since 2012 at $9.6 billion, contributed to this result. FDI is […]
A 15.4% increase applies for the three-year period between 2024 and 2026; Paraguay defended higher price 05/08/2024 Alexandre Silveira — Foto: Cristiano Mariz/Agência O Globo The governments of Brazil and Paraguay signed Tuesday in Asunción an agreement promising to resolve disputes over the Itaipu Binational Hydroelectric Power Plant, including a mechanism to maintain the Brazilian […]
Economists support Minister Tebet’s plans to separate social security from health and education spending floors 05/07/2024 Carlos Kawall — Foto: Silvia Zamboni/Valor Decoupling the increase in the minimum wage from social security and welfare benefits, as well as unlinking the spending floors for health and education from revenues, are considered priority measures to ensure the […]