Meeting could risk members elected by unbundled vote; board elected Magda Chambriard as new CEO 05/24/2024 Investors’ move is motivated by concerns around the oil giant’s future following the dismissal of CEO Jean Paul Prates — Foto: Leo Pinheiro/Valor Foreign shareholders are joining forces to gather 1% of Petrobras’s capital stock to ask the state-owned […]
Chambriard was inaugurated as CEO of Brazil’s state-owned oil company and member of the board of directors this Friday 24/05/2024 Magda Chambriard — Foto: Tânia Rêgo/Agência Brasil Petrobras announced this Friday (24) that its board of directors has approved the appointment of Magda Chambriard as a board member and has elected her as the new […]
Proposal backed by Lower House speaker is being discussed under new policy for automotive industry 05/23/2024 Presidente Lula — Foto: Brenno Carvalho/Agência O Globo President Lula said on Wednesday (22) he would veto the end of the import tax exemption on international purchases of up to $50 if it is approved within the Green Mobility […]
Deficit projection climbs from R$9.3bn to R$14.5bn; Ministry of Finance remains satisfied with financial performance through April 05/23/2024 Rogério Ceron — Foto: Geraldo Magela/Agência Senado The Lula administration has revised its primary deficit forecast for 2024 upwards, as revealed in the latest figures from the Ministry of Planning and Budget. The deficit projection has increased […]
The antitrust watchdog allows Petrobras to negotiate new pipelines and sets new conditions for the state-owned enterprise 05/23/2024 With the antitrust watchdog’s latest decision, Petrobras will retain ownership of some refineries it was initially required to divest, including Repar, in the state of Paraná — Foto: Divulgação Petrobras has successfully renegotiated the terms of its […]
Borrowings now feature larger volumes and extended terms, becoming increasingly central to corporate management strategies, while tax-exempt bonds are increasingly drawing individual investors 05/22/2024 Pierre Jadoul — Foto: Gabriel Reis/Valor In Brazil’s relatively subdued stock market, corporate debt instruments like debentures and receivables certificates are carving out more substantial roles within investor portfolios and have […]
More dismayed than optimistic tone marked conversations between companies, banks, and funds at a series of events in New York 05/22/2024 Flavio Souza — Foto: Silvia Costanti/Valor Foreign investors are putting Brazil on hold for now. In addition to local and global macroeconomic issues, the country has its own homework to do to avoid losing […]
Unlike first quarter, April’s result was not boosted by single-investor funds 05/22/2024 Claudemir Malaquias — Foto: Diogo Zacarias/MF Boosted by revenues related to consumption and the labor market, federal tax collection in April reached R$228.9 billion, a real increase of 8.26% year over year, according to data released by the Federal Revenue Service on Tuesday. […]
Ilan Goldfajn defends shaping multilateral banks for emergencies 05/21/2024 Ilan Goldfajn — Foto: Ana Paula Paiva/Valor At the height of the disaster in Rio Grande do Sul, Ilan Goldfajn, the Inter-American Development Bank (IDB) president, visited Brazil and announced an aid package that could reach R$5.5 billion. In his view, the disaster reinforced the assurance […]
Borrowings now feature larger volumes and extended terms, becoming increasingly central to corporate management strategies, while tax-exempt bonds are increasingly drawing individual investors 05/21/2024 Pierre Jadoul — Foto: Gabriel Reis/Valor In Brazil’s relatively subdued stock market, corporate debt instruments like debentures and receivables certificates are carving out more substantial roles within investor portfolios and have […]