Todd Martinez, co-head of sovereign ratings for Latin America, sees fiscal uncertainty for Brazil in the medium term 02/06/2025 Fitch Ratings deems it unlikely that Brazil will regain its investment-grade status during the current government. Restoring the “good payer” status entails more than just meeting the targets of the current fiscal framework, according to Todd […]
Shares traded the highest volume on B3 stock exchange, surpassing Itaú, Vale 02/06/2025 Embraer announced to the market on Wednesday (5) that it has signed an agreement with Flexjet—a U.S.-based company focused on leasing and sharing private aircraft—to sell 182 executive jets, along with 30 options. The deal is valued at $7 billion. The agreement […]
Governors raise general tax rate in an effort to recover revenue losses 02/03/2025 The movement to increase the general rate of the sales tax ICMS, Brazil’s main consumption tax, is not yet over. The average tax rate, which was 17.61% in 2022, is set to rise to 19.24% by 2025. This calculation includes all 26 […]
Negotiations are in early stages, with assets valued at R$1.6bn to R$1.8bn 02/03/2025 Portuguese energy group EDP has put two major solar farms in São Paulo State up for sale, according to sources consulted by Valor. Negotiations are still in the early stages, and the assets are valued by the market at between R$1.6 billion […]
Macroeconomic outlook for 2025 signals slowdown in loans and rising default rates 02/03/2025 The earnings season for Brazil’s major banks in the fourth quarter of 2024 is expected to reflect what analysts are calling “the last rays of sunset.” In other words, the numbers from October to December are likely to be positive, with rising […]
Increase of 8.9% in revenue aids performance; secretary highlights challenges for 2025 01/31/2025 The Brazilian federal government met its primary budget target for last year, thanks to both increased revenue collection and reduced expenditures. However, National Treasury Secretary Rogério Ceron emphasized the necessity for the federal government to improve the primary balance by 2025. He […]
In January, the gap between sales growth in value and volume widens; diesel price hike still ahead 01/31/2025 Inflation is forcing Brazilians to further revise their shopping baskets, already impacting the pace of sales volume growth in stores in 2025, according to an exclusive NielsenIQ (NIQ) report obtained by Valor. The expansion rate of units […]
Number of convictions increases, but challenges in effectively punishing crises persist, survey finds 01/31/2025 A study recently released by the Amazon Institute of Man and Environment (Imazon) reveals that only 5% of convictions for illegal deforestation in the Amazon result in compensation payments. Furthermore, the processes have not guaranteed that the fines collected are used […]
MURRAY ADVOGADOS
Proceeds will be used for debt refinancing, sustainability projects, and general corporate purposes 01/30/2025 ESG company Ambipar raised $400 million through a debt issuance in international markets, with demand for its green-labeled bonds exceeding twice the issued volume, reaching $850 million. The waste management company priced the eight-year bonds at 10.87%, slightly below the initial […]