On the eve of the Copom meeting, de-anchored inflation worries agents 01/30/2023 Agents expect key interest rate Selic to remain at 13.75% on Wednesday — Foto: Marcello Casal Jr/Agência Brasil The recent criticism the current administration has made of inflation targets and the persistence of fiscal uncertainties have translated into a movement of de-anchoring of […]
Projections for the shorter term continue to deteriorate, driven in large part by the prospect of higher fuel prices 01/30/2023 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo Inflation expectations in the financial market have deteriorated again just days before the meeting of the Central Bank’s Monetary Policy Committee (Copom), which will […]
Several pharmaceutical groups warn about distortions resulting from new price list of different drugs 01/27/2023 Brazilian drugmakers, including those focused on generic medicines, asked the government of São Paulo to suspend the ordinance that raised medicine prices amid a risk of “occasional shortages” of certain treatments. In letters sent Thursday to the state’s revenue service, […]
Deal between one of Brazil’s largest regional food retail companies and cash-and-carry chain involved sale of properties, not stores 01/27/2023 Makro store in São José dos Campos — Foto: Reprodução/Youtube Grupo Muffato, one of the country’s largest regional food retail chains, has agreed to buy 16 properties and 11 gas stations from Makro, sources say. […]
Erasmo Carlos Battistella calls for guarantee of predictability, industrial policy, to announce investments 01/27/2023 Erasmo Carlos Battistella — Foto: Claudio Belli/Valor Erasmo Carlos Battistella, the country’s top biodiesel businessman, is hoping that the government will soon set up its technical team, mainly in the Ministry of Mines and Energy (MME), to present the request to […]
Retail giant is analyzing financing alternatives and approaching funds and investors 01/27/2023 It becomes imperative to establish a credit structure for Americanas to maintain operations — Foto: Gustavo Minas/Bloomberg Americanas needs to keep operations running in the coming weeks while it begins to put together its court-supervised reorganization plan, and some emergency solutions are in […]
Despite the growth of users, tight margins and strong pressure on services suppliers will harm the business 01/26/2023 The health insurance market is expected to reach 51.5 million users this year — a historical level in the sector. The highest number so far was in December 2014, when there were 50.5 million people with health […]
Revenues reached an all-time high, but number of bags shipped decreased 9% year-over-year, to 3.7 million 01/26/2023 Revenues from shipments reached a record of $705.7 million, up 24.5% year-over-year, thanks to higher prices — Foto: Divulgação/FAF Brazilian soluble coffee exports reached record revenues last year, but volumes declined due to problems affecting global logistics, including […]
Partnership provides for use of new satellite for corporate market 01/26/2023 Rafael Guimarães — Foto: Silvia Costanti/Valor U.S.-based Hughes will team up with British company OneWeb to offer a low-latency satellite communications service in Brazil, targeting the corporate market, starting in the second half of the year. The technology to be used is the same […]
Situation may be comparable with other large court-supervised reorganizations and mean the largest hit for the financial industry since pandemic 01/26/2023 Case is likely to be biggest hit to banking industry since coronavirus pandemic — Foto: Dado Galdieri/Bloomberg The collapse of Americanas after the discovery of a R$20 billion “accounting inconsistency” earlier this month is […]