New company operates under brand Unidas, bought with divestiture package 10/04/2022 Claudio Zattar — Foto: Carol Carquejeiro/Valor Under the Unidas brand, Brookfield’s new car rental business is expected to gross over R$3.3 billion this year, in addition to an EBITDA of over R$1.2 billion, said Cláudio Zattar, the chief executive of Unidas. The new company was created by the merger […]
Central Bank’s median projections for industrial goods inflation are 9.2% for 2022 and 3.8% next year 10/04/2022 Fábio Romão — Foto: Silvia Costanti/Valor Inflation of industrial goods, especially those linked to the economic cycle, accelerated again recently, reinforcing the perception among economists that the cooling of industry costs will help bring the country’s official inflation (IPCA) down […]
Telco obtained injunction ordering Telefónica, TIM, Claro to deposit R$1.5bn in court; trio sought B3 arbitration chamber 10/04/2022 The battle between Oi and the buyers of its mobile business – Telefónica, Telecom Italia’s TIM and América Móvil’s Claro – over the value and agreements on the transaction intensified on Monday. Oi obtained an injunction ordering […]
Growth of 35.1% between January and August exceeds average rise of foreign purchases 10/03/2022 Taking advantage of the expansion of solar power in Brazil and the demand for agricultural inputs, Chinese imports this year have advanced more than the average of Brazil’s total imports. From January to August this year, imports of products made in […]
Brazil’s public healthcare system needs more funds to meet pent-up demand generated during pandemic; country also must increase vaccination coverage against diseases that are again seen as threats 10/03/2022 The worst phase of the pandemic was left behind last year, but whoever takes over the presidency in January will still have to face several effects […]
Convergence of Brazilian policies with normative instruments will have to be more than promises 09/30/2022 Brazil submitted its application to join the OECD in May 2017 — Foto: Divulgação/OCDE The Bolsonaro administration is expected to present this Friday to the Organization for Economic Cooperation and Development (OECD) — on the eve of the first round of the […]
Rice Industry Association says country can reach 3.5 million tonnes in exports, including the stocks from Mercosur neighbors 09/30/2022 While India, the world’s leading rice exporter, has restricted shipments of the grain, Brazil signaled Wednesday, in an event at the World Trade Organization (WTO), that it is ready to expand its exports and contribute to […]
Itaú survey shows that the decoupling of activity may bring down the occupation rate at the end of the year 09/30/2022 Natalia Cotarelli — Foto: Divulgação Both the labor market and economic activity in Brazil have surprised to the upside this year, but the recovery in employment has been sharper than it would be consistent with the evolution of […]
Cheaper iron ore and oil will start to reflect in second half results 29/09/2022 Brazilian companies dealing in commodities had been in an exceptional operating moment since the second half of 2020, with the recovery after the first wave of the pandemic. The rapid recovery of the world economy has caused iron ore, oil and […]