Monetary authority has said divergence does not mean signaling of monetary policy by committee as a whole 09/22/2022 Central Bank President Roberto Campos Neto — Foto: Billy Boss/Câmara dos Deputados Dissenting votes in the Central Bank’s Monetary Policy Committee (Copom), such as the ones seen in Wednesday’s meeting, are bound to become more frequent from […]
U.S. has been blocking appointment of arbitrators of Appellate Body 09/22/2022 Sarquis J. B. Sarquis — Foto: Divulgação/Gustavo Magalhães/MRE Brazil signaled this week that one of its priorities in the trade area is to make the World Trade Organization (WTO) Dispute Settlement Body operational again by 2024. The country has pending disputes involving exports worth […]
Country is entitled to access part of the company’s $15bn fund 09/22/2022 André Flores — Foto: Silvia Zamboni/Valor Brookfield is willing to invest in projects related to energy transition and low carbon economy. Within that plan, Brazil is one of the main countries in the world with chances to receive multimillion investments in the coming […]
Five municipalities account for one-fifth of all deforestation carried out in Amazon last year 09/22/2022 Concentration of deforestation in municipalities where cattle-raising advanced the most was already seen in previous years — Foto: Evandro Monteiro/Valor The five Brazilian municipalities with the largest increase in cattle herds between 2020 and 2021, all located in the so-called […]
Antitrust watchdog’s decision forces company to sell securities, but did not set deadline 09/22/2022 Usiminas: CSN started building a position in the competitor in 2011 and now holds 15% of common shares — Foto: Divulgação CSN needs to reduce its stake in Usiminas to up to 5%, but has no deadline to conclude the sale. […]
With the exit of the United Kingdom — the Brexit — the chess table of exports changes for several products 09/22/2022 Warehouse with sugar in the port of Santos — Foto: Julio Bittencourt/Valor Brazil and the European Union (EU) have concluded a bilateral agreement on quotas for several agricultural products to adjust them after the […]
The decision took even creditors by surprise amid new recovery plan 09/22/2022 Aircraft belonging to ITA Transportes Aéreos — Foto: Divulgação After a huge quandary with creditors, the road and air passenger transport group Itapemirim had its judicial reorganization converted into bankruptcy by the judge of the 1st Court of Bankruptcy and Judicial Recovery of […]
Conab reduces estimate for this year’s season to 50.4 million from 53.4 million bags 09/21/2022 Adverse weather in the 2021/22 season, with prolonged periods of drought and frost in some regions, continues to impact part of Brazil’s coffee crop in this 2022/23 cycle and increase fears about the effects of the shortfall in global supply. […]
Concerns about fiscal policy going against monetary policy, however, remain in place and cast doubt on Central Bank’s ability to tame inflation 09/21/2022 Silvia Matos — Foto: Leo Pinheiro/Valor Better-than-expected signs in July and August led to a significant revision of the economic projections by Fundação Getulio Vargas’s Brazilian Institute of Economics (FGV/Ibre). In the […]
It invests in 174 businesses, totaling $4.5bn; Vale, Eletrobras have been excluded from portfolio 09/21/2022 Norway’s sovereign wealth fund — the world’s largest, with $1.2 trillion in assets — announced on Tuesday a new action plan for all companies in which it invests to achieve net-zero greenhouse gas emissions by 2050, in line with the Paris Agreement. […]