Uncertainty about the future of the state-run oil company and recovery in China explain the distance 12/13/2022 In mid-October, when Petrobras shares peaked, the state-owned company was the most valuable company on the Brazilian stock exchange, R$116 billion ahead of second-place Vale. By early November, after the second round of presidential elections, the gap had […]
Ministry of Agriculture received a technical questionnaire to check the feasibility of starting a partnership 12/13/2022 Bean harvest is just under 3 million tonnes per season — Foto: Claudio Belli/Valor The Brazilian private sector has insisted for years, and now China is showing the first signs of interest in importing beans and pulses (lentils, chickpeas, […]
System integrator competes with Ericsson and Nokia; in Brazil, Telefónica’s Vivo is a client 12/13/2022 U.S.-based company Mavenir is taking advantage of the deployment of the 5G wireless technology in Brazil by phone carriers to expand its presence in the country. A provider of network software in the cloud, with end-to-end operations, Mavenir is a […]
Market participants are already working with real rate of 5% 12/13/2022 As discussions about public spending move forward with the Transition PEC (proposal to amend the Constitution), the worsening perception of fiscal risk and the possibility of increased subsidized loans via state-owned banks have put pressure on the neutral rate of interest, the one that […]
Price hikes made sales jump 24%, but deficit exceeds $64bn in the year 12/12/2022 The strong rise in international prices of chemicals has boosted revenues of the industry this year. According to preliminary data from Abiquim, the trade group that represents the sector, net sales probably reached R$969.4 billion, up 24% year-over-year and an all-time […]
Justices rule multi-billion impact disputes over PIS, Cofins, Funrural, Difal-ICMS 12/12/2022 Ricardo Lewandowski — Foto: Carlos Moura/SCO/STF A package of tax disputes that represent a significant impact on federal government and state accounts is being decided by the justices of the Federal Supreme Court (STF) this week. There are almost R$150 billion under discussion. Financial […]
Yet, lower house mulls requiring a fiscal rule; lawmakers also disagree with suggestion for new anchor to be introduced through complementary law 12/09/2022 Alex Manente — Foto: Luis Macedo/Câmara dos Deputados Approved by the Senate on Wednesday night, the Transition PEC (proposal to amend the Constitution) will begin to be negotiated only now by parties […]
Partnership includes renewable power generation for 10 to 15 years to 1,000 consumption points in four states 12/09/2022 Aurélien Maudonnet — Foto: Divulgação Helexia Brasil, a subsidiary of the French group Voltalia, has signed long-term contracts to supply phone carrier TIM, fuel distribution company Vibra, and pharmacy chain Raia Drogasil with solar power. There will […]
Asian country plans to reduce import volume in the next years 12/09/2022 Corn — the second most important agricultural crop in Brazil — has been gaining space in the country. The chain strengthens as companies invest in the genetic improvement of seeds, the cultivated area grows, and markets open up, such as China, which this […]
Brazilian subsidiary is among fastest growing operations; focus is on savory snacks 12/09/2022 Alexandre Carreteiro — Foto: Silvia Zamboni/Valor PepsiCo will invest R$1.2 billion in its food operations in Brazil in 2023 as part of a project to double in size within five years. This is the food giant’s largest annual investment in 70 years […]