President called monetary authority’s behavior “out of place” 06/19/2024 President Lula — Foto: Ricardo Stuckert/PR President Lula delivered sharp criticism of Central Bank President Roberto Campos Neto on Tuesday. At a time when financial market participants and experts express skepticism about Brazil’s economic policy, Mr. Lula said the behavior of the monetary authority is “the […]
Developed in-house, the Hstory platform aggregates critical patient data to provide analytical reports to doctors within minutes 18/06/2024 Sidney Klajner — Foto: Silvia Zamboni/Valor A few days ago, a patient visiting surgeon Sidney Klajner was taken aback during his consultation. Before the patient could say anything about his medical history, the doctor began detailing past […]
Idea is part of the menu of proposals under study to achieve zero deficit in 2025 by cutting expenses 06/18/2024 Simone Tebet and Fernando Haddad — Foto: Cristiano Mariz/Agência O Globo In the “comprehensive, general, and unrestricted” review of federal expenditures that it plans to undertake, the economic team is considering an old instrument designed […]
If the state-run company approves distribution of retained dividends, government could receive about R$32.6bn 06/18/2024 Move may pave the way for Petrobras to decide on distribution of R$21.9 billion in extraordinary dividends from 2023 retained as capital reserve — Foto: Leo Pinheiro/Valor Petrobras’s board of directors approved on Monday the payment of R$19.8 billion related […]
CEO Magda Chambriard appointed Fernando Melgarejo, a director at Banco do Brasil’s pension fund, as the oil company’s chief financial and investor relations officer 06/17/2024 Fernando Melgarejo — Foto: Divulgação Petrobras CEO Magda Chambriard announced her first changes to the company’s executive team on Friday (14), nominating three new executives. Analysts interviewed by Valor expressed […]
Scenario forces government to review revenue and spending, posing risk of shutdown 06/17/2024 Manoel Pires — Foto: Wenderson Araujo/Valor The change in the federal government’s primary result target for 2025 slowed the fiscal adjustment process and compromised the debt trajectory. The increase in mandatory expenses and the decreasing room for discretionary expenses, which fell by […]
Only 9 of the 132 analysts surveyed by Valor anticipate a rate decrease in upcoming Central Bank decision 06/17/2024 Laiz Carvalho — Foto: Nilani Goettems/Valor The outlook for Brazil’s monetary policy indicates that the period of monetary easing may have concluded. The recent depreciation of the real and the uptick in inflation expectations, pushing the […]
Statement comes amid growing pressure for spending-cut measures 14/06//2024 Fernando Haddad and Simone Tebet — Foto: Diogo Zacarias/MF Finance Minister Fernando Haddad said on Thursday that it is essential to intensify studies on the review of public spending. According to Mr. Haddad, “primary spending needs to be reviewed, tax spending needs to be reviewed, and […]
Financially viable solutions, investments in biorefineries, and large-scale renewable energy production are all viable for addressing climate change and goals 06/13/2024 Mubadala’s Yamamoto stressed the need for large-scale initiatives to counteract climate change effects — Foto: Christopher Pike/Bloomberg Leonardo Yamamoto, executive director of Mubadala Capital, emphasized that the private sector plays a crucial role in […]
Exchange rate hits R$5.4 per dollar, long-term interest rates exceed 12%, and Ibovespa reaches yearly low amid growing investor pessimism 06/13/2024 Eduardo Cotrim — Foto: Luciana Whitaker/Valor Domestic assets in Brazil suffered from a fresh wave of risk aversion, reaching their lowest levels of the year. Comments from President Lula, who suggested that increased tax […]