Scenario is one of crisis in the sector, uncertainty over the sale of Novonor’s stake 07/05/2024 Braskem’s polypropylene production plant in West Virginia, U.S.: Petrochemical company has lost nearly R$20bn in market cap since resumption of sale process — Foto: Divulgação Braskem, amid a stalled sale and industry-wide slump, has seen its assets deteriorate. The […]
Negotiations progress on Gol’s future amid its U.S. restructuring efforts 05/07/2024 According to insiders, Azul is facing financial challenges, compounded by the weakened Brazilian real and escalating costs, as it negotiates with creditors — Foto: Divulgação Azul intends to submit a business combination proposal with Gol to the United States Bankruptcy Court for the Southern District of New […]
Staub family’s company aims to combine strong brand with service delivery focused on residential market 03/07/2024 Marcelo Ribeiro and Eugênio Staub — Foto: Gabriel Reis/Valor Gradiente, a company owned by the Staub family, is investing R$50 million to enter the solar power industry through distributed generation. The new venture, called Gradiente Solar, aims to become a systems integrator for […]
Signatures were forged in fictitious agreements with industrial companies; Unilever, P&G, and Philips were targeted 07/03/2024 Under the fraud scheme at Americanas, signatures of executives of manufacturing companies were digitally copied from real contracts, according to ongoing investigation — Foto: Bruno Peres/Agência Brasil On March 9, 2019, Maria Christina Nascimento, working in Americanas for 35 years, since […]
Economic team has been working on expenditure review agenda for 60 days 07/03/2024 Fernando Haddad — Foto: Cristiano Mariz/Agência O Globo Finance Minister Fernando Haddad will meet this Wednesday with President Lula to present proposals to ensure compliance with the fiscal framework until 2026. He avoided mentioning a date for the announcement of the measures and emphasized that the […]
Murray Advogados
Mass participation in the agreement could generate up to $250bn a year to combat hunger and the effects of climate change 07/02/2024 Mauricio Lyrio — Foto: Wenderson Araujo/Valor The success of implementing a wealth tax, a proposal spearheaded by Brazil during its G20 presidency this year, hinges on global adoption, according to Ambassador Maurício Lyrio, secretary of Economic and […]
Group working on tax reform report expected to conclude it this Tuesday 07/02/2024 Arthur Lira — Foto: Bruno Spada/Câmara dos Deputados Members of the working group responsible for discussing the main text of the regulation of the tax reform have made progress in ensuring that the exemption of animal protein in the basic food basket […]
R$14bn transferred to judicial accounts in the first half to settle creditor claims 07/02/2024 Judge Keity Saboya — Foto: Divulgação The judicial system has markedly improved its efficiency in freezing funds in debtors’ bank and investment accounts. In the first six months of the year, the Judiciary’s Asset Search System (Sisbajud) saw a record surge in successful orders, […]
Currency has been losing ground against the dollar, in its deepest plunge since January 2022; short-term interest rates soar with worsening exchange rate 07/02/2024 Otavio Oliveira da Silva — Foto: Carol Carquejeiro/Valor The perception that risks to the government accounts’ track have not diminished, coupled with an international scenario of high pressure on emerging markets due to rising […]