Carmakers face competition from abroad both in the domestic market and in exports 02/13/2024 Márcio de Lima Leite — Foto: Marcelo Camargo/Agência Brasil Despite successive months of growth in car sales in Brazil, the industry’s production is not advancing. In 2023, while the domestic market grew by 9.7%, production fell by 1.9%. Now in January, […]
Grain production is now expected to total 299.7 million tonnes, 20 million tonnes less than in the 2022/23 cycle 02/12/2024 The weather didn’t help, and as producers are already seeing in the fields, the 2023/24 grain crop will be smaller than originally expected. On Thursday, the National Supply Company (CONAB) again lowered its production estimate, […]
Fund made up of more than 60 individuals is now calling the shots 02/12/2024 The fund paid R$15 million for the asset and took on a debt of R$45 million — Foto: Silvia Costanti/Valor SouthRock asset manager took Eataly out of the court-supervised reorganization process at the end of last year and has now decided […]
Rise in service prices gains attention but shouldn’t affect monetary easing 09/02/2024 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 […]
Ministers Alexandre Silveira (Mines and Energy) and Mauro Vieira (Foreign Affairs) traveled to Asunción to discuss with local leaders 02/07/2024 Alexandre Silveira — Foto: Marcelo Camargo/Agência Brasil The Brazilian government informed Paraguayan officials on Monday (5) that it will not increase the tariff for electricity produced at the Itaipu Binacional hydroelectric power plant. Energy Minister […]
Termination at worker’s request exceeds 7 million in 2023; most people leave jobs seeking better opportunity 02/07/2024 Carolina Reis — Foto: Ana Paula Paiva/Valor One of the indicators of a tight labor market, termination of job contracts at the request of workers hit a record last year. A total of 7.3 million workers left their […]
Document has harder tone than announcement of decision 02/07/2024 Robson Pereira Gabriel Reis/Valor The Central Bank’s Monetary Policy Committee (COPOM) revealed that last week’s decision was taken after “more in-depth” discussions about the labor market and that services inflation deserved “greater scrutiny.” With these factors added to the committee’s assessment of a slowdown in activity, market […]
Spain, Colombia, Portugal, and the United Arab Emirates are interested in joining Southern Cone bank, CEO says 02/06/2024 Luciana Botafogo — Foto: Wenderson Araujo/Valor Fonplata—a development bank by Brazil, Argentina, Bolivia, Paraguay, and Uruguay—plans to double its authorized capital and seek new partners to leverage its credit portfolio and, as a consequence, expand investments in […]
Record quantity offsets 6.3% price drop, generates 1.7% revenue gain 02/06/2024 Lia Valls — Foto: Leo Pinheiro/Valor In the midst of falling prices, the increase in exported quantity led to a rise in Brazil’s export revenue in 2023, contributing to a historic trade surplus. Export volume hit a record high last year, continuing a trend […]
The long-awaited move was also made by rival banks 02/06/2024 Cielo repeats move made by other major banks with their card acquirers — Foto: Divulgação Banco do Brasil and Bradesco, Cielo’s controlling shareholders, have decided to make a takeover bid to take the credit card company off the stock exchange. The move, which had been […]