Companies demand R$1.73bn for sale of Oi Móvel 09/20/2022 The trio of phone carriers claims from Oi the payment of R$1.73 billion due to disagreements found in the contract for the purchase of the asset — Foto: Edilson Dantas/Agência O Globo Telefônica Brasil, owner of Vivo, TIM S/A and Claro Participações Monday began a dispute […]
Container expansion and grain terminal are on the radar 09/19/2022 Fabio Siccherino — Foto: Marcelo Justo/Valor DP World is studying to expand operations in Brazil. The growth route is still under analysis, but there are some paths being studied, according to Fabio Siccherino, the company’s CEO for Brazil. One possibility under evaluation is to expand […]
Model requires regulatory overhaul to be feasible 09/19/2022 The Brazilian Development Bank (BNDES) has started studies to enable forest concessions based on the sale of carbon credits. The state-owned bank already operates in environmental projects, with the bidding of parks for tourism and forests focused on sustainable management. The idea now, however, is to expand […]
Owner of brand Phebo expects to gross R$1bn this year 09/19/2022 Christopher Freeman and Sissi Freeman — Foto: Leo Pinheiro/Valor One of the oldest companies in Brazil, Granado has optimistic plans for the coming years after getting through the pandemic without any problems. The Rio de Janeiro-based personal care brand plans to double production by […]
Group intends to buy minority stakes in regional businesses and form a holding company 19/09/2022 The asset management group Fortune One, especially focused on private equity, has been analyzing the purchase of minority stakes in retail construction businesses to create a holding company in the segment. The goal is to close partnerships with regional retailers, […]
Survey carried out by Valor shows that only one out of four market participants expect a 25-basis-point hike in key interest rate Selic on Wednesday 09/19/2022 Despite Central Bank directors’ hawkish tone in recent weeks and the evidence that monetary tightening in developed economies will gain steam, most investors believe that the monetary tightening cycle […]
Fiscal risk from legal disputes grows 66% since March, led by pensions case 09/19/2022 The Federal Supreme Court hold important, costly cases — Foto: Dorivan Marinho/SCO/STF The fiscal risk calculated by the federal government for lawsuits filed against it has reached its most critical point in the last two years: R$2.6 trillion of impact to […]
Economy Ministry’s projections foresee 2.5% GDP expansion and drop in inflation next year 19/09/2022 Economy Ministry’s building in Brasília — Foto: Marcelo Casal Jr/ABr Macroeconomic projections unveiled on Thursday by the Economy Ministry maintained an apparently optimistic tone, foreseeing relatively strong GDP growth and falling inflation at the same time. The scenario outlined by the […]
Government of Narenda Modi said country had to mitigate rising prices of grain in domestic market 16/09/2022 Brazil and other countries questioned Thursday India’s decision to restrict or ban exports of the product. Several partners showed concern about food security after the announcement. India is the world’s largest rice exporter. New Delhi announced last week […]
Funds will be used to finance acquisition of regional jets made by the Brazilian company 09/15/2022 Embraer’s production line in São José dos Campos — Foto: Carol Carquejeiro/Valor Apollo Global Management, one of the world’s largest asset managers, has set aside up to $1.5 billion to finance clients interested in buying Embraer regional jets. The move is […]