Foreign ministers begin two-day ministerial meeting under Brazilian presidency of the group on Wednesday 02/21/2024 Maurício Lyrio — Foto: Fernando Frazão/Agência Brasil Despite acknowledging divergences among G20 countries regarding the format of reforms at the United Nations, the Brazilian presidency of the group believes there is consensus regarding the need for a stronger UN to […]
Both governments trade accusations on social media after Israeli Foreign minister called on Brazilian president to retract comparison to the Holocaust 02/21/2024 Rodrigo Pacheco — Foto: Marcos Oliveira/Agência Senado In another day of escalating tensions between Brazil and Israel, government ministers of President Lula and Prime Minister Binyamin Netanyahu exchanged sharp criticisms on social media […]
Measure wasn’t on wealth managers’ radar; government aims to safeguard income and prevent insurer imbalances 02/21/2024 Debora Mendeleh — Foto: Divulgação The restrictions on exclusive and restricted pension funds mark a continuation of government efforts to curtail tax avoidance practices among the ultra-wealthy. This initiative began with the biannual tax—known as the “come-cotas”—which targeted fixed-income, […]
Foreign ministers’ meeting marks start of ministerial conferences under Brazilian presidency 19/02/2024 The Brazilian presidency of the G20 begins this week with ministerial meetings, the most important moment before the heads of state’s summit scheduled for November. On Wednesday and Thursday, Rio de Janeiro’s Marina da Glória will host the foreign ministers of the world’s […]
Netanyahu calls president’s remarks “shameful and serious” and announces recall of Brazilian ambassador 02/19/2024 President Lula — Foto: Marcelo Camargo/Agência Brasil President Lula sparked a diplomatic crisis with Israel on Sunday by comparing Israel’s actions in Gaza to those of Adolf Hitler against the Jews and calling the attacks on Palestinians genocide. In response, Israeli […]
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 […]