Rio de Janeiro state accounts for 70% of Brazil’s gas production; only 24% of it reaches consumer market 02/01/2024 There is shortage of natural gas in Brazil to meet growing demand. That is the conclusion of the “Prospects for Gas in Rio,” a study by the Rio de Janeiro Federation of Industries (Firjan) to be […]
Central Bank Committee projects ongoing cuts of 50 basis points “in the upcoming meetings” 02/01/2024 Central Bank’s Copom suggested similar reductions “in the next few meetings” should economic conditions unfold as projected — Foto: Beto Nociti/BCB The Brazilian Central Bank’s Monetary Policy Committee (Copom) has once again lowered the Selic (Brazil’s benchmark interest rate) rate, […]
One day after the airline filed for court-supervised reorganization, Santiago-based group reportedly sent letters to lessors eying up to 25 aircraft 01/31/2024 Gol shares plunged again on Tuesday (30) trading session — Foto: Fabiano Rocha/Agência O Globo Gol is studying measures against LATAM after the competitor attempted to take 20 to 25 of its 737 […]
External scenario should continue to play relevant role in the real’s performance, while commodity prices and trade balance may not provide same support as last year 01/30/2024 Eduardo Miszputen — Foto: Carol Carquejeiro/Valor Although Brazil remains a standout among emerging markets and has recently been the focus of foreign investors, the country is unlikely to […]
Result includes social tax PIS/Pasep and revenue from sale of electric utility Copel and excludes court-ordered payments 01/30/2024 Rogério Ceron — Foto: Washington Costa/MF The Lula administration posted a primary deficit of R$230 billion in its first year, the worst result since 2020, as reported on Monday (30) by the National Treasury. Of that amount, […]
Officials project scenarios for extending investment installments, creating new lines of financing, and measures to support commercialization 01/25/2024 Carlos Fávaro — Foto: Edilson Rodrigues/Agência Senado The combination of a predicted shortfall in Brazil’s grain harvest and continued low international commodity prices has created a scenario that is as rare and complex as it is potentially […]
Inclusion of combustion engine cars in extension of tax incentives changed scenario in Brazil 01/25/2024 Shilpan Amin and Santiago Chamorro — Foto: Gesival Nogueira Kebec/Valor General Motors announced this Wednesday (24) a robust investment program for Brazil, totaling R$7 billion from 2024 to 2028. The amount will be used to renew its entire product line […]
Industry support measures spread fear about use of public funds 01/24/2024 José Luis Gordon — Foto: Leo Pinheiro/Valor Although the government’s new industrial policy launched on Monday (22) has raised concerns among economists about the use of public funds to back investments, most part of the amounts were already included in the Brazilian Development Bank’s […]
Brazil’s tax authority cites atypical factors, believes annual result was positive 01/24/2024 Robinson Barreirinhas — Foto: EDU ANDRADE/Ascom/MPO Federal revenues ended 2023 virtually stable compared to 2022, with a real decrease of 0.1%, totaling R$2.3 trillion (at current prices). Brazil’s Federal Revenue Service estimates that the result was “quite positive” despite atypical factors that affected […]
Under criticism for resuming old practices, Brazil’s government proposes to modernize sector but lack of clarity worries 23/01/2024 President Lula, Vice President Geraldo Alckmin, and Ministers Esther Dweck and Rui Costa — Foto: Brenno Carvalho/Agência O Globo The government’s new industrial policy, announced on Monday (22), envisages approximately R$300 billion in contributions by 2026 through […]