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 […]
Companies announced cuts in trips in November due to a lack of aircraft 23/01/2024 Congonhas Airport in São Paulo, one of the busiest and most profitable in the country, is expected to see a smaller reduction in the number of flights offered by airlines — Foto: Maria Isabel Oliveira/Agência O Globo As airlines reduced the […]
Claims by lawmakers echo Ban The Batistas movement, whose supporters are not known 23/01/2024 U.S. senators claim that JBS listing would put shareholders in the country at risk — Foto: Divulgação After British lawmakers have requested that the U.S. Securities and Exchange Commission (SEC) block the proposed listing of JBS on the New York Stock […]
With the sale of non-strategic assets, Gerdau will define the allocation of new investments 19/01/2024 Gustavo Werneck — Foto: Carol Carquejeiro/Valor In a move to focus on strategic assets, particularly in Brazil, the U.S., Mexico and Canada, Gerdau announced on Wednesday (16) the sale of its stake in the Diaco and Gerdau Metaldom joint ventures […]
Brazilian retailers, industrial companies go to the Supreme Court to denounce tax inequality 19/01/2024 Data obtained by Valor show that from August to December 2023, after the start of the Remessa Conforme program—Portuguese for “compliant shipments,” which established new import rules for orders up to $50—tax revenues reached R$700.5 million, an increase of about 122% […]
Power company seeks to raise funds for expansion by placing shares in Brazil and abroad 19/01/2024 Energisa, the company that controls power distributors in 11 Brazilian states, is preparing a new stock offering, as reported Thursday by Valor’s business website Pipeline. The operation, announced the day after Inter Bank raised $161.9 million in the United […]
Earlier this year, Ibama suspended foliar application of fipronil in the country after reports increased 01/17/2024 Marcelo Ribeiro — Foto: Arquivo Pessoal The loss of nearly 400 hives in one fell swoop last January was the trigger for beekeeper Marcelo Francisco Ribeiro of Jacuí, in the south of Minas Gerais, to file the first complaint […]
The Chinese company, which generated revenues of $61.7 billion in 2023, launched its first model as a sedan 01/17/2024 Chinese company BYD’s assembly line in Hefei: the company had produced 6 million vehicles by last year — Foto: Costfoto/NurPhoto via Getty Images A visit to BYD’s headquarters in Shenzhen, China, often begins unconventionally. Just beyond […]