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Entries by Gelcy Bueno

Market regulator hopes Lula administration will tackle budget problem

Brazil’s securities market authority also needs new public hiring test, according to current and previous directors 11/28/2022 In the 20 years between the Lula administration back in 2003 and his third term in office starting in 2023, Brazil’s capital market has evolved as never. But despite several IPOs, a record number of investors, and the […]

BorgWarner to make battery systems for electric cars in São Paulo

Sets will be completed in Piracicaba with batteries imported from Germany 11/25/2022 Marcelo Rezende — Foto: Divulgação Keeping up with the electrification of vehicles without losing money or going out of business has become one of the biggest challenges for many auto parts makers. The large ones have been able to adapt by buying up […]

Proposals to tax agribusiness production creates legal imbroglio

Tax experts question efforts like the ones that angered farmers in Paraná and Goiás 11/25/2022 After confusion in the Goiás Assembly on Tuesday, discussion about fund fed by agriculture production had to be postponed — Foto: Denise Xavier/Alego Two proposals aiming to tax agriculture production and commercialization in Goiás and Paraná caused turmoil this week […]

Commercial orange production in Florida at risk of ending

Specialist says that U.S. industry will have to import fruits very soon 11/23/2022 The moment when the U.S. orange juice industry will operate only with imported fruit is near. In 21 years, the production in the state of Florida, which concentrates the largest citrus grove in the country, fell to 28 million from 230 million […]

Brazil becomes Sylvamo’s export platform

Country, which accounts for 40% of results and has the company’s best margin, has consolidated as a gate to mature markets 11/23/2022 Rodrigo Davoli — Foto: Silvia Zamboni/Valor Sylvamo, an independent company since the spin-off of the printing and writing paper assets of International Paper (IP) worldwide, found a new strength in the Brazilian operation […]

Companies go to court to stop Boeing from recruiting their engineers

Class associations accuse U.S.-based aircraft company of threatening national sovereignty 11/23/2022 Boeing’s offensive to recruit engineers from the elite of Brazil’s aerospace and defense industry has ended up in court. Two trade associations have filed a lawsuit to try and stop the U.S.-based plane maker from hiring “highly-skilled engineers” that are currently working in strategic […]

Companies perform better than expected in Q3 driven by GDP growth

Overall figures were not disappointing, but slowdown and interest rates are a concern 11/23/2022 Emy Shayo Cherman — Foto: Ana Paula Paiva/Valor Brazilian public companies reported good results in the third quarter, supported by the country’s better-than-expected economic activity in the period. However, the persistence of inflation and uncertainty about the interest rates are raising […]

Lenders seek opportunities in benefits segment

Banks and fintechs see in the sector opening room to enhance cross-selling and financial services 11/23/2022 The opening of the food and meal card segment, which will take place as of May 2023, is expected to bring more opportunities for banks and other financial institutions to strengthen their operations in the benefits sector. With an […]

Brazil will run IDB for first time

Ilan Goldfajn was supported by the United States, Canada, and Mercosur 11/22/2022 Ilan Goldfajn — Foto: Ana Paula Paiva/Valor With the decisive support of the United States, Canada and the entire Mercosur, former Brazil’s Central Bank President Ilan Goldfajn was elected Sunday president of the Inter-American Development Bank (IDB). Mr. Goldfajn, the first Brazilian in […]

Minerva in talks to acquire slaughterhouse in Uruguay

Brazilian company signed an exclusivity agreement with Japan’s NH Foods 11/22/2022 NH Foods had paid nearly $135 million for BPU five years ago — Foto: Divulgação Minerva Foods is close to buying another facility abroad. The Brazilian company signed an exclusivity agreement with Japan’s NH Foods to discuss the acquisition of Breeders & Packers Uruguay […]