CEO for Latin America argues that competing with Chinese rivals doesn’t depend on tax timing 06/28/2024 Guy Rodríguez — Foto: Gabriel Reis/Valor Automotive industry leaders have recently mobilized to urge the government to reconsider the gradual increase in import taxes for electric cars and instead implement the maximum rate of 35% all at once. However, Guy […]
President calls those who blamed him for the currency’s weakening “morons” 28/06/2024 President Lula — Foto: Ricardo Stuckert/PR President Lula expressed irritation on Thursday over analyses regarding the devaluation of the Brazilian currency, the real, against the dollar. During a meeting of the Economic and Social Development Council, Mr. Lula called those who blamed him for […]
Operation in Rio targets former executives for alleged fictitious accounting within the retail chain 06/28/2024 Financial figures were reportedly manipulated when Americanas failed to meet the targets anticipated by bank analysts — Foto: Domingos Peixoto/Agência O Globo Information compiled by the Federal Public Prosecutor’s Office and the Federal Police, which underpinned Thursday’s (27) operation against 14 former executives […]
Lack of IPOs and minimal activity sees Brazil fall from 3rd to 7th in rankings dominated by India and China 06/24/2024 Hans Lin — Foto: Carol Carquejeiro/Valor The sluggish activity in the Brazilian equities market has caused Brazil to drop positions in the ranking of emerging countries. According to data from Dealogic, Brazilian companies have […]
Mexican market experiences a boom, attracts Brazilian firms’ investments 06/24/2024 Nubank’s Cristina Junqueira — Foto: Carol Carquejeiro/Valor Brazilian fintechs—and even traditional banks—are betting on expanding operations to Mexico. Latin America’s second-largest economy is an obvious destination given its market size, but there are other factors behind the bet. Mexico has benefited from the U.S. strategy of nearshoring (relocating […]
Amount is more than double Vale’s investment per year; businesspeople criticize Central Bank 06/21/2024 Ricardo Nunes — Foto: Leo Pinheiro/Valor Maintaining the Selic policy interest rate at 10.5% per year for as long as necessary to reduce inflation, as indicated by the Central Bank on Wednesday (19), would cost companies billions of reais and could […]
Regulatory, demographic, economic shifts trigger transformations in a market worth over R$300bn 06/21/2024 Fernando Torelly — Foto: Silvia Zamboni/Valor Since the pandemic, the health sector has undergone significant changes involving regulatory, demographic, and economic-financial issues, leading to structural transformations in a more than R$300 billion market. These changes are directly related to the soaring cost […]
Estimates for steel imports shift to a 7% decrease from a 20% increase 06/20/2024 Jefferson De Paula — Foto: Nilani Goettems/Valor The federal government’s decision to establish quotas for the import of 11 types of steel products, with a 25% tariff on surplus volume, is expected to bring moderate improvements to the Brazilian steel industry […]
Key advantage of niobium oxide use is ultra-fast charging 06/20/2024 Collaboration has resulted in the e-Bus, a new electric bus equipped with niobium-lithium batteries — Foto: Divulgação One of the major challenges in the electrification of urban mobility is reducing vehicle recharge times. In many cases, batteries require hours to recharge, and for buses and […]
Company sees expansion potential in commercial, business, and military aircraft 06/20/2024 Brazilian plane maker is exploring mergers or acquisitions to gain a foothold in the defense sector with the military C-390 aircraft — Foto: Divulgação Embraer is ramping up efforts to expand its presence in the United States. The plane maker’s strategies include increasing sales […]