Controlling shareholders of IGB Electronics launched tender offer to buy out minority shareholders 09/13/2022 Gradiente unveiled the intention to go private by acquiring shares from minority shareholders. The transaction is a step for IGB Electronics to exit the judicial reorganization that has been dragging on since 2018. With no prospect of resuming electronics production, the […]
Companies reported highest monthly output this year, but credit crunch is affecting consumers 09/13/2022 August was an exceptional month for the automotive industry when compared to the entire period following the start of the pandemic. Production volume was the highest in the year, up 43.9% year-over-year. In addition, production through August reversed the decline to […]
Cargo handling is helping company to go through a critical period 09/13/2022 Patrick Fehring and Leandro Lopes — Foto: Leo Pinheiro/Valor Just like the airline industry, RioGaleão, the concessionaire that runs Rio de Janeiro’s international airport, also went through turbulent times in the last two years, especially with the sharp drop in the number of […]
Number of downgrades or negative moves in ratings is quite small, survey by Fitch and Moody’s shows 09/13/2022 Aeris’s plant in Pecém, Ceará: manufacturer of equipment for power generation is among companies downgraded recently — Foto: Divulgação The interest rate hikes aimed at curbing inflation have punished consumers and companies in recent months, increasing default […]
New projection for U.S. crop reinforces estimate for strong corn exports this year 09/12/2022 Brazilian corn exports gained an even more favorable scenario after Pro Farmer crop tour – which monitored the main producing regions in the United States – pointed out a new drop in American production, which now is projected at 349.5 million […]
First infrastructure project is expected to be in the electric sector 09/12/2022 João Antonio Mattei — Foto: Divulgação BN Engenharia, Bueno Netto group’s construction company, is getting ready to enter the infrastructure sector. João Antonio Mattei, the company’s managing director, says the company is expected to work mainly in basic sanitation, logistics and energy. The […]
There are fewer film releases, high liabilities, and logistical hurdles 09/12/2022 There is still no happy ending for movie theaters after the shock caused by the Covid-19 pandemic. And this saga will have more chapters. Last Wednesday, British giant Cineworld filed for protection from creditors in the United States. In Brazil, as companies still try […]
With cash reserves strengthened and personnel expenses contained, spending grows driven by health, education 09/12/2022 The municipalities invested a combined R$20.92 billion in the first half of 2022, a real advance of 64.8% compared to the same period in 2021. In comparison with the first half of 2018, the same period in the previous election […]
2022/23 cycle will start to be planted next Sunday; production will grow 25m tonnes if weather cooperates 09/09/2022 Sowing of another Brazilian soybean crop will begin next Sunday, with all the signs of a new record. If the weather cooperates, as the current forecasts indicate, the harvest should be at least 25 million tonnes larger […]
Automaker announced elimination of 3,600 jobs, including temporary contracts 09/09/2022 When announcing, this week, the plan to outsource part of the activities of the plant in São Bernardo do Campo, São Paulo, Mercedes-Benz hinted at the intention to give preference to nearby suppliers. An attempt for these companies to absorb the automaker’s workers who will […]