Pulp producer allegedly acquired properties above limits imposed by law 10/06/2022 A court in São Paulo forced Bracell, the pulp maker owned by the Asian group Royal Golden Eagle (RGE), to comply with the legal limits for the acquisition and exploitation of land in Brazil, and may later order the sale of areas or the […]
Arabica future contracts rose 1.57% on Tuesday and 1.92% on Wednesday 10/06/2022 Hailstorms damaged not only coffee crops, but also beans, vegetable and other plantations — Foto: Emater-MG/Divulgação The strong hailstorms that hit Minas Gerais state in recent days again made the prices of arabica coffee rise Wednesday in the New York Stock Exchange. The […]
IAEmp rose 1.5 points in September compared to August, strongest rise since April 10/06/2022 Rodolpho Tobler — Foto: Leo Pinheiro/Valor Influenced by good results in services, the largest employer in the economy, the employment leading indicator (IAEmp) rose 1.5 points in September compared to August, to 83.8 points. It was the strongest rise since April […]
Crisis generated by pandemic still impacts companies, which are seeking out-of-court settlements 10/06/2022 Since the beginning of the pandemic, never have so many companies gone bankrupt as in the first eight months of this year. Between January and August, 474 companies went bankrupt, 9% above 2021 and 1.5% higher than in 2020, data collected by […]
Company will have a sustainability and circular economy vision 10/05/2022 Amando Varella — Foto: Claudio Belli/Valor Papirus, one of the most traditional Brazilian manufacturers of paperboard, is discussing a new long-term strategic plan with a sustainability and circular economy vision, which may culminate in a future expansion project with substantial investments. The company, which has […]
Pioneer experience in Espírito Santo will be a benchmark for sector 10/05/2022 Ilson Hulle — Foto: Gabriel Lordello/Valor Codesa, the Espírito Santo Port Authority that is now officially privatized, plans to expand the capacity of the state’s ports and draw new types of cargo. The new management team took over operations on September 21 and […]
Strong pace of sales could have been driven by pent-up demand caused by shortage of containers, ships last year 10/05/2022 Despite the strong growth between January and August, Brazil’s tobacco exports are expected to cool down and end 2022 relatively flat in volume and with lower increase in revenue compared to last year’s results. According […]
Logistical hurdles pave the way for Virtu, a company focused on gas transportation through highways 10/05/2022 Hamilton Amadeo — Foto: Leo Pinheiro/Valor An unsuccessful auction held by the federal government on September 30 put the viability of thermoelectric projects in the interior of Brazil in jeopardy. It was expected to contract 2,000 megawatts in the […]
From August 2021 to September, outflow reached R$131bn, while inflow totaled R$67bn 10/05/2022 Fernando Honorato — Foto: Carol Carquejeiro/Valor Brazilians have never withdrawn so much money from savings accounts as in recent months. The total withdrawals until September 19, 2022 reached a historical record of R$131 billion, counted since the balance of deposits reached the […]
New company operates under brand Unidas, bought with divestiture package 10/04/2022 Claudio Zattar — Foto: Carol Carquejeiro/Valor Under the Unidas brand, Brookfield’s new car rental business is expected to gross over R$3.3 billion this year, in addition to an EBITDA of over R$1.2 billion, said Cláudio Zattar, the chief executive of Unidas. The new company was created by the merger […]