Amid pressure from local industry and retailers, Temu applies for tax-exemption certification 05/16/2024 As the industry and retailers increase pressure to bring the issue of ending import tax exemptions for foreign websites to the forefront in the Lower House, a new global player is poised to enter the Brazilian market. Sources say that Temu, part […]
Newly appointed CEO committed to investments in refineries, gas, and fertilizers 05/16/2024 Magda Chambriard — Foto: Ana Paula Paiva/Valor Appointed as the new CEO of Petrobras, Magda Chambriard had at least two key meetings this week, according to government sources, before starting her term at the lead of the state-owned company in alignment with her […]
Entrepreneurs, government officials, and sector experts review business opportunities between Brazil and the U.S. 05/16/2024 Gabriel Galípolo, the Brazilian Central Bank’s Monetary Policy Director, alongside former Fed members James Bullard and Kevin Warsh — Foto: Vanessa Carvalho/Valor Two significant events in the United States later this year—the potential start of the Federal Reserve’s interest rate […]
Green energy and energy transition areas are ripe for cooperation between the two nations, said U.S. Ambassador to Brazil Elizabeth Frawley Bagley 05/15/2024 Elizabeth Frawley Bagley — Foto: Vanessa Carvalho/Valor The U.S. ambassador to Brazil, Elizabeth Frawley Bagley, stated today (15) at the Summit Valor Econômico Brazil-USA that the United States is ready to invest and cooperate […]
Movement helps explain shift in expectations for the real’s performance 05/14/2024 Fabio Landi — Foto: Leo Pinheiro/Valor Investor hopes for a stronger Brazilian real at the turn of the year quickly dissipated. The robustness of Brazil’s trade balance bolstered renewed expectations for the real’s appreciation, similar to last year, when the commercial flow was solid. […]
Consultancy Pátria Agronegócios predicts loss of 2.4m tonnes 05/14/2024 Soybean field in Viamão, one of the regions most affected by the floods in Rio Grande do Sul: with more rain forecasted, losses are expected to increase — Foto: Marcelo Beledeli/Valor The heavy rains battering Rio Grande do Sul have made losses in the state’s soybean […]
Civil society survey will support the federal government in negotiations in the group 05/13/2024 Luana Maia — Foto: Divulgação The main innovation introduced to the G20 agenda by the Brazilian presidency, the bioeconomy, still has a long but urgent road ahead of it, starting with its very definition. Throughout this week, representatives of governments and […]
Economists estimate an impact of 0.2 to 0.3 percentage points driven by agribusiness 05/13/2024 The Central Market is flooded after heavy rain in Porto Alegre — Foto: Andre Penner/AP The impact of the floods in Rio Grande do Sul, the state with the fourth-largest share of Brazil’s Gross Domestic Product, on the national economy may […]
Some analysts see a price mismatch, while others believe that speculative movement and exchange rates explain differences 05/13/2024 Soybean crop affected by rains in Soledade, Rio Grande do Sul — Foto: Daniel Calegari/Arquivo Pessoal The heavy rains that damaged soybean crops in Rio Grande do Sul left their mark on the grain market last week, […]
Sérgio Caetano Leite, the oil company’s chief financial and investor relations officer, says that the pilot project involving 157 million shares is 86% complete 05/10/2024 Sérgio Caetano Leite — Foto: Leo Pinheiro/Valor Petrobras is studying a new stage in its share buyback program, which began last year, Sérgio Caetano Leite, the company’s chief financial and […]