With a 28% share, bank is leader in Brazilian market 07/13/2022 Percy Moreira, Fernando Beyruti and Felipe Nabuco — Foto: Silvia Zamboni/Valor The new structure of Itaú Unibanco’s private bank, put in place at the beginning of the year, seeks to consolidate a global vision for the whole business with the unification of the domestic […]
Train makers seek alternatives to prop up businesses after losing steam amid economic crisis, pandemic 07/12/2022 Brazil’s rail industry is at a virtual standstill. Without large orders from cargo and passenger operators, train makers in the country are sustaining their businesses thanks to exports and revenues from services like overhauls and updates of equipment already […]
Move is aimed at reducing costs locally after federal measures failed to reduce diesel prices at pumps as much as those of other fuels 07/12/2022 Hungary’s president Katalin Novák and Brazil’s president Jair Bolsonaro met on July 11 in Brasília — Foto: José Cruz/Agência Brasil/Agência O Globo President Jair Bolsonaro said Monday the Brazilian government […]
Analysts’ median projection for Selic at end of 2023 was stable this week at 10.5% 07/12/2022 Central Bank’s building in Brasília — Foto: Divulgação/Rodrigo Oliveira/Caixa Econômica Federal Economic analysts have once again increased their inflation projections for 2024 and continue to bet on cuts in the basic interest rate in 2023, shows the Focus survey, […]
Judges decide that skyrocketing prices unbalance future crop purchase contracts 07/12/2022 Fernando Bilotti Ferreira — Foto: Divulgação Farmers have been sentenced to pay compensation for losses and damages to trading companies that operate in the commodities market. The reason is a contractual clause called washout. With the rise in grain prices, this clause has been […]
The generation investment arm of the J&F group expects to reach 1.26 GW of installed capacity by 2025 07/11/2022 With the plan to transition from an infrastructure company to a service company in the power sector, Âmbar Energia, a subsidiary of the J&F conglomerate, has an ambitious goal to invest R$6.5 billion in solar generation […]
Devices went into production at Sony’s former TV factory in the country 11/07/2022 Giovanni Cardoso — Foto: Ana Paula Paiva/Valor Sony’s brand Aiwa, which became popular in Brazil for its stereos in the 1990s and 2000s, is back in the country with a new line of TVs and audio equipment manufactured by Grupo MK, owner […]
The top ten Brazilian products in bilateral exchanges account for 91% of sales 11/07/2022 Brazil was the seventh-largest seller to China in 2021, a position that contributed to assuring a record surplus in the Brazilian trade balance last year. Among the ten countries that sold the most products last year to the world’s second-largest economy, […]
Monetary authority is excessively optimistic compared with projections of private-sector analysts 07/08/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo A survey carried out by the Central Bank with economic analysts before the last policy meeting, in June, and released Thursday morning puts at stake the inflation scenario outlined by the monetary […]
Project received $625m investment, can produce 120,000 tonnes per year 07/08/2022 Nexa, a mining company of zinc and other metals controlled by Votorantim, started this week the operations of a new mine, Aripuanã, in the namesake city, in Mato Grosso. This is one of the largest zinc projects in installation in the world and received […]