Senator Prates, picked by President Lula to run state-owned oil company, said prices will be aligned with international market 01/05/2023 Jean Paul Prates — Foto: Edilson Rodrigues/Agência Senado Senator Jean Paul Prates, picked by President Luiz Inácio Lula da Silva to head Petrobras, said Wednesday that the promised change in the fuel price policy will […]
Conab will play key role in purchase of food and formation of regulatory stocks, says Minister Paulo Teixeira 01/04/2023 Paulo Teixeira — Foto: Marcelo Camargo/Agência Brasil The Minister of Agrarian Development and Family Agriculture, Paulo Teixeira, reinforced on Tuesday, during his inauguration ceremony, that he is facing the challenge of eradicating hunger in Brazil and […]
Source is only behind hydro power one decade after first projects 01/04/2023 Strong state policy of incentives for renewable sources also drives growth — Foto: Uwee Westphal/Pixabay Solar power became the second-largest source in Brazil’s generation mix, only behind hydroelectric plants, from a virtually non-existent installed capacity a decade ago. The source has just topped […]
Share of private-sector banks in lending is expected to lose ground again after growth in recent years, experts say 01/03/2023 Tarciana Medeiros — Foto: Divulgação/Fernando Santos The appointment of top executives from Caixa Econômica Federal and Banco do Brasil (BB) working forces to lead these state-owned banks are the latest signs that President Luiz Inácio […]
Projections for GDP growth in the year remain at the median of 0.7%, but a wave of revisions has already begun 01/03/2022 Armando Castelar Pinheiro — Foto: Ana Paula Paiva/Valor While it is making its way in Congress, the so-called Proposal to Amend the Constitution (PEC) for the Transition and the expectations surrounding President-elect Luiz […]
Role of Brazilian Development Bank under new administration is warning sign 01/03/2023 Vivian Lee, socia da Ibiuna Investimentos. — Foto: Carol Carquejeiro/Valor The corporate debt market is likely to start 2023 in a cautious tone after one more year of growth. Doubts about the role of the Brazilian Development Bank (BNDES) and the uncertainties common […]
In December alone, country’s trade balance totaled $4.8bn 01/03/2023 Brazil’s trade balance was positive at $62.3 billion in 2022, up 1.5% year-over-year — Foto: Pixabay Brazil’s trade balance in December meant a surplus of $4.779 billion. The number was released Tuesday by the Foreign Trade Secretariat (Secex) of the Ministry of Development, Industry and Trade […]
Weaker activity, high interest rates, and distrust in fiscal situation are main threats in 2023, says Cemec-Fipe 01/03/2023 Carlos Antonio Rocca — Foto: Silvia Zamboni/Valor The good performance of investments in the last two years was driven by factors that are losing steam or under threat. After reaching 19.6% of GDP in the third quarter […]
After one month in hospital, he lost a battle against a colon cancer 12/30/2022 Pelé — Foto: Eraldo Peres/AP The former soccer player Pelé died this Thursday, at 82 years old. The greatest soccer world idol was admitted to Albert Einstein Hospital, in São Paulo, on November 29, and his health condition worsened in recent […]