President-elect Luiz Inácio Lula da Silva once again criticized spending cap, the rule that limits growth in public spending 11/18/2022 Luiz Inácio Lula da Silva — Foto: Peter Dejong/AP On his second day of public appearances at COP27, the UN climate conference, President-elect Luiz Inácio Lula da Silva once again criticized the spending cap, the […]
Retailers suffered both from inflation and interest on debts 11/17/2022 Companies in this sample reported a combined sales revenue of R$1.6 trillion in the January-September period and boast a market capitalization of nearly R$2 trillion — Foto: Divulgação/B3 On the last day of the third-quarter earnings season, it is already possible to glimpse the state […]
Fertilizer producer becomes first in Brazil to invest in self-production aiming to supply 30% of its energy needs 11/17/2022 Brazilian power company Casa dos Ventos and Mosaic Fertilizantes have signed a commercial agreement to supply 30 average megawatts (aMW) of wind power for 14 years from the Umari wind complex in Rio Grande do Norte […]
Matchfunding was launched at COP26 last year and is expected to raise R$686m 11/17/2022 Bruno Aranha — Foto: Leo Pinheiro/Valor Brazilian development bank BNDES and Petrobras announce on Thursday, at COP27, in Egypt, the first call for proposals of the Floresta Viva (Forest Alive) program, a collective financing program for the restoration of Brazilian forests […]
With new partner, and after acquisition of terminal at the port of Santos, company seeks to unlock expansion in Itaqui 11/16/2022 Helcio Tokeshi — Foto: Ana Paula Paiva/Valor CLI, the logistics and infrastructure company controlled by IG4 Capital and Australia’s Macquarie Asset Management, is preparing to play in the big leagues in 2023 after buying […]
Companies does not expect drastic changes, but highlight challenges 11/15/2022 Marco Aurélio Barcelos — Foto: Roque de Sá/Agência Senado The toll road industry foresees that the wave of concessions will continue after 2023 with the newly elected governments — both federal and state. In the view of companies and specialists, the challenges will be different: […]
Persistence is needed to reach targets, according to Roberto Campos Neto 11/15/2022 Roberto Campos Neto — Foto: Tânia Rego/Agência Brasil Central Bank President Roberto Campos Neto said Tuesday that although much of the recent improvement in inflation is the result of government measures, “leading indicators show a qualitative improvement.” “It is early to celebrate. We […]
Announcement is part of White House’s strategy to reduce dependence on value chains dominated by China 11/15/2022 TechMet’s nickel mine in Piauí — Foto: Divulgação U.S. President Joe Biden unveiled Tuesday that the country will make a new investment of $30 million in the mining company TechMet for processing strategic minerals nickel and cobalt in […]
With 90 million consumers on the radar, trend includes banks, trading firms, oil companies, and even phone carriers 13/11/2022 9:06PM Updated 10 hours ago The power industry is about to undergo transformations expected to change the way most Brazilians buy electricity. With the possibility of consumers freely choosing their supplier, national and international companies of varied […]
Interest, exchange rate expectations may have favored flow of reverse investment in Q3, which reached $10.6bn 11/14/2022 Reverse investment, the sum of the funds sent by subsidiaries abroad to their headquarters in Brazil, pointed to a positive flow between July and September this year, after five consecutive quarters with a negative balance. $10.6 billion were […]