Education Minister Milton Ribeiro was recorded admitting to give priority to the release of funds through the intermediation of evangelical pastors with no connection to the government. As a result, he has been under pressure, even by the governing coalition in Congress, to explain the news, and is likely to be summoned by the Senate […]
Braskem plans to spin off its biopolymer (green plastic) business into an independent company that will have other partners and shares traded on the stock exchange in Brazil or the United States, sources say. As a result, the Brazilian petrochemical company, which still have fossil raw material as its main source, seeks to go global […]
The presentation of three amendments to the constitutional amendment proposal PEC 63 — which had been stalled for eight years — generated expectations in the Senate that the bill will soon be put on the agenda. This proposal reinstates an additional 5% to the salary of judges and public prosecutors every five years — hence […]
*We inform you that our partner Alberto Murray Neto has been appointed to integrate, as an effective member, the Special Committee on Business Law of the Brazilian Bar Association. Alberto becomes a member, therefore, of two Commissions of the Brazilian Bar Association, namely: (a) Compliance and Integrity; and (b) Business Law.*
After distributing more than R$7 billion in dividends and investing $2.1 billion in acquisitions, JBS released Monday its 2021 results, which confirmed that the year was the best in the company’s history in several aspects — from growth, with record revenues and EBITDA, to shareholder remuneration, which achieved a return of more than 70%. Boosted […]
The interruption of operations with Russia will lead the New Development Bank (NDB), the BRICS bank, to automatically extend credits to the other partners of the institution. Valor found that the expectation, which dates from before the war, is that financing for Brazil will total at least $6 billion over the next five years. The […]
After 44 years in operation, the São Simão hydroelectric plant will undergo modernization. The Hydro division of GE Renewable Energy and SPIC Brasil, a subsidiary of State Power Investment Corporation of China (SPIC), signed a R$700 million contract for the modernization of the plant’s generating units and auxiliary services. The contract provides for the supply […]
XP intends to strengthen its hand in the space it considers less busy in the corporate segment: that of companies with cash surpluses rather than those that require credit – and typically provide better returns to banks. After revenues in the segment reached R$850 million last year, compared with zero three years earlier, the platform […]
The economic activity fell 1.4% in January compared to December, according to GDP Monitor — an indicator calculated by think tank Fundação Getulio Vargas (FGV) to measure the monthly evolution of the economy, unveiled on Monday. Claudio Considera, the economist in charge of the readings, says that the result indicates stagnation in the economic activity […]
GreenYellow wants to expand in electric mobility, energy storage and digital services in Brazil. The goal is to complement activities in energy efficiency and distributed solar generation, fields in which the subsidiary of the French group Casino has been operating here since 2013, said Roberto Zerkowsky, the company’s country head. GreenYellow expects to invest R$350 […]