Tighter migration rules in the United States also explain increasing flow to Brazil 12/15/2022 The combination of a deepening economic crisis in Cuba, increased political repression, and greater difficulties to immigrate to the United States has led more and more Cubans to bet on Brazil as a country to try a new life. Last year […]
There are six lots of almost 710 kilometers of transmission lines and substations, with investments of R$3.51bn 12/15/2022 The power transmission auction scheduled for Friday at exchange B3’s headquarters in São Paulo is expected to draw traditional groups, ample competition, and strong discount. The six lots offered in the event held by the Brazilian Electricity […]
Question mark is whether the fiscal policy will not get in the way 12/15/2022 The Central Bank remains confident that the high interest rates are being transmitted to economic activity and will have the desired effect to lower inflation. Obviously, the question is whether the fiscal policy will not get in the way. The Central […]
Government-linked stocks suffer from measure that paves the way for political interference 12/15/2022 Change enabled nomination of Aloizio Mercadante as CEO of the Brazilian Development Bank — Foto: Cristiano Mariz/Agência O Globo A fast change in the State-owned Company Law, passed by the Chamber of Deputies on Tuesday night, worsened the market’s risk perception about […]
Brazilian giant is investing R$19.3bn in the largest single production unit of this raw material in the world 12/15/2022 Suzano’s eucalyptus forest in Mucuri, Bahia — Foto: Divulgação More than 40 non-governmental organizations (NGOs) from different regions of the world have requested the International Finance Corporation (IFC), the financing arm of the World Bank for […]
Deal for sale was closed between Mubadala and company’s creditor banks 12/14/2022 The sugar-and-ethanol company Atvos was valued at R$1.6 billion in the agreement closed between Abu Dhabi sovereign wealth fund Mubadala and the creditor banks of the company for its sale, sources say. The transaction, settled in defiance of the current controlling shareholder, the […]
Monetary Policy Commitee reviews all the channels through which fiscal policy can harm the scenario of inflation convergence to the target 12/14/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo The Central Bank’s Monetary Policy Committee (Copom) is adopting a wait-and-see approach until it gets to know in greater detail the fiscal […]
Fund plans to invest $500m to $1bn in next three years in data infrastructure opportunities 12/14/2022 After the sale of the data center company Odata to the American Aligned, Pátria Investimentos fund, which held about 90% of the company’s capital, now seeks to expand its technology portfolio, with a focus on infrastructure for 5G networks. […]
Data center company intends to accelerate expansion in Latin America, expects to quintuple revenues in five years 12/14/2022 Andrew Schaap — Foto: Divulgação The U.S.-based data-center infrastructure company Aligned announced on Tuesday the acquisition of 100% of the capital of the Brazilian company Odata, which has data center operations in Brazil and other Latin American […]
Provisional measure paves the way for partnerships between INB and private-sector companies for ore production 12/14/2022 With the approval by the Senate of the provisional measure 1,133/2022, which allows private-sector investment in nuclear ore extraction in Brazil, the sector sees the possibility of new companies joining an activity previously exclusive to Indústrias Nucleares do Brasil […]