Change comes after tax credit that prevented a larger drop in 2023 earnings 02/16/2024 Heineken’s taxation department must be dealing with mixed feelings regarding Brazil’s taxation system. After having been granted a tax credit in the country last year, which helped the company reduce a drop in its global profits, Heineken is preparing for the […]
Falling interest rates, while helpful, are not yet enough to significantly improve companies’ financial situation, but outlook is expected to improve this year 02/16/2024 Ricardo Jacomassi — Foto: Gabriel Reis/Valor Even with the onset of the monetary easing cycle, the country has yet to witness a significant improvement in the situation of companies, which are […]
ADNOC and Petrobras are expected to complete their processes within three weeks 02/16/2024 Sultan Al Jabber — Foto: Hollie Adams/Bloomberg The two due diligences running in parallel at Braskem, one by the Abu Dhabi National Oil Company (ADNOC) and the other by Petrobras, have made progress and should be completed in two or three weeks, […]
Local investors expected to gain ground in 2024 amid capital market reaction 02/16/2024 Daniel Wainstein — Foto: Carol Carquejeiro/Valor The share of foreign capital in mergers and acquisitions (M&A) in Brazil increased last year, reaching the highest percentage in at least seven years. In 2023, cross-border transactions accounted for 50.1% of a total of 371 […]
Rise in service prices gains attention but shouldn’t affect monetary easing 02/13/2024 Carla Argenta — Foto: Claudio Belli/Valor Brazil’s official inflation, measured by the Broad National Consumer Price Index (IPCA), was higher than analysts expected in January but did not change the scenario of prices slowing down this year. The indicator opened 2024 with a […]
Carmakers face competition from abroad both in the domestic market and in exports 02/13/2024 Márcio de Lima Leite — Foto: Marcelo Camargo/Agência Brasil Despite successive months of growth in car sales in Brazil, the industry’s production is not advancing. In 2023, while the domestic market grew by 9.7%, production fell by 1.9%. Now in January, […]
Grain production is now expected to total 299.7 million tonnes, 20 million tonnes less than in the 2022/23 cycle 02/12/2024 The weather didn’t help, and as producers are already seeing in the fields, the 2023/24 grain crop will be smaller than originally expected. On Thursday, the National Supply Company (CONAB) again lowered its production estimate, […]
Fund made up of more than 60 individuals is now calling the shots 02/12/2024 The fund paid R$15 million for the asset and took on a debt of R$45 million — Foto: Silvia Costanti/Valor SouthRock asset manager took Eataly out of the court-supervised reorganization process at the end of last year and has now decided […]
Rise in service prices gains attention but shouldn’t affect monetary easing 09/02/2024 Carla Argenta — Foto: Claudio Belli/Valor Brazil’s official inflation, measured by the Broad National Consumer Price Index (IPCA), was higher than analysts expected in January but did not change the scenario of prices slowing down this year. The indicator opened 2024 with a […]
Ministers Alexandre Silveira (Mines and Energy) and Mauro Vieira (Foreign Affairs) traveled to Asunción to discuss with local leaders 02/07/2024 Alexandre Silveira — Foto: Marcelo Camargo/Agência Brasil The Brazilian government informed Paraguayan officials on Monday (5) that it will not increase the tariff for electricity produced at the Itaipu Binacional hydroelectric power plant. Energy Minister […]