Startup will operate importing and distributing products 01/13/2023 Claudio Lottenberg — Foto: Ana Paula Paiva/Valor Zion Medpharma and Tegra Pharma launched on Thursday Endogen, a startup the two drugmakers called “the largest medical cannabis healthtech” in Brazil. The new medical cannabis and nutrition brand will operate by importing and distributing products. In addition, it will […]
Analysts predict that labor market will calm down and average income will evolve slowly 01/13/2023 Unlike what most economists expected, the recovery of the Brazilian labor market started in 2021 maintained steam in 2022 — not only recovering from the losses caused by the Covid-19 crisis but also bringing down the unemployment rate to levels […]
Drop in stocks, bonds will hurt shares 01/13/2023 It is not new to hear about possible “creative accounting” at the retail chain Americanas. However, the disclosure of a R$20 billion misclassification in the funding of suppliers and financial expenses — which will affect profit, equity, and leverage of old financial statements — fell like a […]
Greatest global threat for next two years is cost-of-living crisis, says World Economic Forum survey 01/12/2023 The logo of the World Economy Forum is displayed at a window of the venue prior to the opening of the event in Davos last year — Foto: Markus Schreiber/AP The World Economic Forum launches every year a Global […]
Many producers face hindrances because they do not qualify for banks’ rules 01/12/2023 Wellington Dias and Paulo Teixeira — Foto: Divulgação/Roberta Aline/MDS The ministers of Agrarian Development, Paulo Teixeira, and of Social Development, Wellington Dias, discussed on Wednesday measures to facilitate the funding of production in family farming and reduce hunger in rural areas. One […]
Bahia-based company produces more than 50,000 tonnes of tissue paper per year 01/12/2023 OL’s toilet paper mill in Bahia — Foto: Divulgação/OL The Asian group Royal Golden Eagle (RGE) did not give up after losing the competition for Kimberly-Clark’s assets in Brazil to Suzano. Interested in expanding in the tissue segment in Brazil, it finally […]
Findings affect indicators like leverage ratio, net equity 01/12/2023 CEO Sergio Rial and CFO André Covre resigned after inconsistencies were found in one of Brazil’s largest retail chains — Foto: Brenno Carvalho/Agência O Globo Retail giant Americanas revealed on Wednesday that it found “inconsistencies” in the funding of its suppliers in previous years, including 2022, […]
Company, which started process on Tuesday, has not informed how many people will be dismissed 01/11/2023 Layoffs involve only Brazil; company started process on Tuesday — Foto: Divulgação The wave of layoffs in technology companies has reached Didi’s Brazilian mobility service 99. The company, which started the process on Tuesday, has not said how many […]
Infrastructure hurdles are second greatest risk; low-carbon agriculture comes in third place 01/11/2023 An EY survey with agribusiness executives in Brazil, Argentina, and Chile showed that climate change and its short and long-term impacts are the main risks they see for their businesses. The study listed the top ten risks and opportunities that agribusiness executives […]
Experts predict wave of restructuring due to high interest rates 01/11/2023 The number of court-supervised restructuring requests nationwide in 2022 is the lowest in the last eight years — a total of 833 companies, according to credit bureau Serasa Experian. But this calm scenario is not likely to remain in place in 2023. Lawyers say […]