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 […]
He is currently the director of the International Monetary Fund’s Western Hemisphere Department 10/25/2022 Ilan Goldfajn — Foto: Silvia Zamboni/Valor Brazil has officially nominated the former Central Bank President Ilan Goldfajn as a candidate to run the Inter-American Development Bank (IDB) this Monday. Valor reported the negotiation for Mr. Goldfajn to be the nominee in […]
Company currently operates 74 weekly flights in Brazil and is undergoing restructuring 10/25/2022 Carlos Antunes — Foto: Divulgação/Claudio Gatti With an eye on the growth in demand for international travel, TAP Air Portugal, the second-largest international airline in Brazil in terms of seats offered, will be able to reach its pre-pandemic supply level on the […]
Assets in the country are estimated at $200 million, sources say 10/25/2022 Luis Bueno — Foto: Sergio Zacchi/Divulgação Suzano agreed to buy Kimberly-Clark’s tissue paper operation in Brazil. The two companies did not reveal the value of the transaction, but sources estimate that the U.S.-based company’s assets in the country are valued at around $200 […]
Before the pandemic, 170,000 tonnes of textile waste were disposed of inappropriately in landfills in Brazil 10/24/2022 The textile sector has been increasingly pressured by consumers and investors to reduce the use of natural resources, pollute less, and manage waste more efficiently. And in Brazil there are examples of manufacturers and retailers that are reacting […]