Aim is to channel more external resources to finance investments for transition to a low-carbon economy 05/27/2024 Nelson Barbosa — Foto: Leo Pinheiro/Valor Brazil aims to leverage its rotating presidency of the G20 to channel more external resources into financing the necessary investments for transitioning to a low-carbon economy in emerging countries, including itself. According […]
Capital injections provide relief to publicly traded companies; disbursements total R$22bn in 12 months 05/25/2024 Luciano Lindemann — Foto: Ana Paula Paiva/Valor Facing significant financial pressure, a group of publicly traded companies is turning to their controlling shareholders for capital injections to alleviate their balance sheets amid a prolonged period of high interest rates and […]
Codeshare does not require antitrust regulator’s approval; experts say operation tends to attract attention 05/27/2024 Partnership will combine the two carriers’ airline networks in Brazil through the codeshare system and involve both companies’ loyalty programs — Foto: Leo Pinheiro/Valor The cooperation agreement between Azul and Gol announced on Thursday (23) agitated the market, as experts […]
Recent assessments rank Porto Alegre among cities in Rio Grande do Sul with a “very high” capability to manage hydrological disasters 27/05/2024 Pelotas on May 26: city impacted by floods in Brazil’s southern state is among those with “very high” capacity to manage hydrological disasters — Foto: Eduardo Rodrigues/Agência Pixel Press/Folhapress Nearly a month after […]
Measure is one of the main agendas of the Brazilian presidency in the G20 05/24/2024 One of the key agendas of the Brazilian presidency in the G20, the taxation of the super-rich at a global level, will only be feasible through international cooperation, said Felipe Antunes, coordinator of the International Financial Architecture Working Group, on […]
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 […]