Negotiations underway to establish measures for limiting standard VAT rate to 26.5% 07/12/2024 Rodrigo Pacheco — Foto: Jefferson Rudy/Agência Senado Members of the Ministry of Finance and the Senate are already negotiating ways to ensure the effectiveness of the provision included in the consumer tax reform regulations to limit the standard rate to 26.5%. Under […]
Senate President Pacheco’s proposal alters indexation, freezes payments, and sets debt at R$700bn to be repaid over a span of 30 years 10/07/2024 Rodrigo Pacheco — Foto: Geraldo Magela/Agência Senado Brazilian Senate President Rodrigo Pacheco introduced on Tuesday (9) a supplementary bill proposing new guidelines for state debt repayment to the federal government. This legislative change, initiated […]
Mining company to cut list to three by July’s end, with CEO appointment expected in August 07/10/2024 Vale’s board wants to turn the page and is looking for an executive who can lead the company’s growth process — Foto: Leo Pinheiro/Valor An initial shortlist of 15 potential candidates for Vale’s CEO position was made public Tuesday amidst […]
Union says some imported assemblies with tariff benefits include parts available in Brazil 07/08/2024 Claudio Sahad — Foto: Silvia Zamboni/Valor The automakers’ attempts to bring forward the imposition of the maximum import tax rate on electric and hybrid cars gained support this week. Representatives of the auto parts industry raised their concerns with Vice President Geraldo Alckmin. The […]
Petrochemical company failed to pay $1bn natural gas supply contract, started arbitration against oil giant 07/08/2024 Unigel reactivated operations at the Sergipe and Bahia plants in 2021 with an investment of R$500m — Foto: Divulgação Petrobras plans to take over nitrogen fertilizer plants in Laranjeiras (Sergipe) and Camaçari (Bahia) leased to Unigel in 2020, Valor learned. The move aligns with […]
Company’s new CEO and CFO reiterated last week that they see no reason to change pricing policy 07/08/2024 For the Brazilian Association of Fuel Importers (ABICOM), Petrobras’s lag could increase if oil prices remain high — Foto: Hermes de Paula/Agência O Globo Despite the recent appreciation of the real and a relief in Brent oil prices on Friday, Petrobras’s fuel […]
Families have been sustaining activity, but analysts see a risk in depleting financial reserves 08/07/2024 Bruno Martins — Foto: Leo Pinheiro/Valor While the strength of Brazilian household consumption in 2024 has surprised even the most optimistic analysts, economists are trying to understand what is driving this phenomenon—whether it is income growth due to a tight labor market or the result of families […]
Inclusion of meat in the tax-exempt basic basket still under negotiation 07/05/2024 Reginaldo Lopes — Foto: Lula Marques/Agência Brasil After 40 days of debates, the advisory opinion of the rapporteur on the bill to regulate the tax reform introduced dozens of changes that were a consensus among the members of the Lower House working group—and, therefore, also […]
Scenario is one of crisis in the sector, uncertainty over the sale of Novonor’s stake 07/05/2024 Braskem’s polypropylene production plant in West Virginia, U.S.: Petrochemical company has lost nearly R$20bn in market cap since resumption of sale process — Foto: Divulgação Braskem, amid a stalled sale and industry-wide slump, has seen its assets deteriorate. The […]
Negotiations progress on Gol’s future amid its U.S. restructuring efforts 05/07/2024 According to insiders, Azul is facing financial challenges, compounded by the weakened Brazilian real and escalating costs, as it negotiates with creditors — Foto: Divulgação Azul intends to submit a business combination proposal with Gol to the United States Bankruptcy Court for the Southern District of New […]