Brazilian exports of steel products to the country totaled $5.1bn last year 10/28/2022 The United States decided not to extend countervailing antidumping measures against Brazilian exports of hot-rolled steel products, which were in force since October 2016, according to a note released by Brazil’s ministries of Economy and Foreign Affairs on Thursday. The note mentions […]
Group is targeting concessions in three states, São Paulo, Minas Gerais, and Rio Grande do Sul 10/28/2022 Carlos Eduardo Castro — Foto: Silvia Zamboni/Valor The Águas do Brasil group is getting ready to dispute new sanitation contracts. At least three projects are on the radar: the municipal concessions of Marília (São Paulo) and Nova Serrana […]
Between July and September, economy generated 1 million jobs, well below the 3 million in the previous quarter 10/28/2022 Brazil’s labor market ended the third quarter at a still strong pace: the unemployment rate is down and the average income of workers has increased for the first time since the beginning of 2021. Despite the […]
Survey by Strategy&Brasil with 750 publicly traded companies around the world show average revenue growth of 3.3% between 2017 and 2021 10/27/2022 A study conducted by Strategy& Brasil, PwC’s strategic consulting arm, with 750 publicly traded utilities companies around the world concluded that electric power and sanitation companies showed better financial performance in the last […]
Decision was in line with median of market expectations and signaled in the previous meeting 10/27/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo The Central Bank’s Monetary Policy Committee (Copom) decided to maintain the key interest rate Selic at 13.75% per year on Wednesday, as signaled at the previous meeting in […]
This could be largest the French group’s divestment in Brazil 10/27/2022 Cash-and-carry chain Assaí has a market capitalization of R$23 billion — Foto: Leo Martins/Agência O Globo Casino is likely to sell a stake in the Brazilian cash-and-carry chain Assaí for nearly $500 million. The decision to study such a move was communicated Wednesday to […]
Lower inflation is another factor expected to drive results, analysts say 10/26/2022 Brazil’s economic growth is expected to boost the results of companies operating in the domestic market during the third quarter, although the real impact of the stimulus measures in the period is still uncertain. Analysts believe that the retail market aimed at high-income […]
Shopping mall management company may add R$2bn in revenues 10/26/2022 While awaiting regulatory approvals for the merger with BR Malls, shopping mall management company Alliances Sonae is accelerating other projects. Owner of extensive areas around some of its 27 malls, the company has defined a strategic plan for the 4.4 million square meters of its […]
Digital bank, which acquired Easynvst in September 2020, now has 6 million clients 10/26/2022 Fernando Miranda — Foto: Silvia Zamboni/Valor A little over a year after Nubank’s acquisition of Easynvest was approved, the lender’s assets under custody exceed R$100 billion. Of this amount, R$40 billion are effectively in investments and R$56 billion in Nu Conta, […]
French oil company has acquired one third of Casa dos Ventos, one of the biggest deals in the industry this year 10/26/2022 Casa dos Ventos, whose pipeline includes up to 20 GW in wind and solar projects, was founded in 2007 — Foto: Divulgação French oil company TotalEnergies has acquired a 34% stake in the […]