Initial investment is R$250m, but new company still depends on approval by CADE 09/02/2022 Gustavo Werneck — Foto: Divulgação Two large and internationally renowned groups from the state of Rio Grande do Sul — Gerdau and Randon — announced this Thursday a joint venture in a segment that is quite different from their areas of […]
Creditor banks asked Apollo, BTG and J&F to improve their bids; Unipar and Ultra still interested 09/02/2022 J&F, the investment holding company of the Batista family, is studying a proposal to buy 100% of Braskem, sources say. This week, J&F executives with the syndicate of creditor banks of Novonor (ex-Odebrecht), whose shares are used as […]
Industry grew 2.2%, while service sector expanded 1.3% 09/02/2022 Result was above the median of Valor’s estimates — Foto: Edilson Dantas/Agência O Globo The June quarter was one of expansion for the Brazilian economy. GDP grew 1.2% compared to the first quarter, seasonally adjusted, data unveiled Thursday by the Brazilian statistics agency IBGE show. The […]
Ibovespa had best month of the year in August; fixed-rate and inflation-linked bonds appreciated 09/01/2022 Jerome Powell almost spoiled the fun, but the Brazilian risk assets resisted the hawkish tone used by U.S. Federal Reserve chair at the end of the Jackson Hole meeting. While question marks remain as to where monetary tightening will go […]
Mars, PremierPet, Petz, Nestlé and BRF expanded operations recently 09/01/2022 Mars had already injected R$165 million to build the Ponta Grossa facility — Foto: Divulgação Mars, owner of the brands Pedigree, Whiskas and Cesar, has joined the recent wave of investments in the pet food market, which totaled R$2.5 billion since last year. The U.S.-based […]
In the quarter through July, Brazil had 9.9 million unemployed, a contraction of 12.9% compared to previous one 09/01/2022 The unemployment rate fell to 9.1% in the quarter through July, down from 10.5% in the quarter through April and 13.7% in the same period last year, the Continuous National Household Sample Survey (Pnad) released on […]
Reopening – after the end of social distancing measures put in place to fight Covid-19 – boosted activity 09/01/2022 GDP climbed 1.2% compared with the first quarter, seasonally adjusted — Foto: Dado Galdieri/Bloomberg The Brazilian economy grew strongly in the second quarter, with a substantial increase in household consumption and investment, on the demand side, […]
08/01/2022 FEW CELL PHONES IN BRAZIL SUPPORT STANDALONE 5G Telecoms regulator Anatel says technology will require certain amount of time Less than 5% of cell phones in operation in Brazil are ready to receive the standalone 5G signal, which was launched Friday in Porto Alegre, João Pessoa and Belo Horizonte. The warning has been repeated […]
Petrobras, Petronas, BP, Shell and Chevron showed interest; number of companies registered is seen as a positive sign 08/31/2022 Rodolfo Saboia — Foto: Leo Pinheiro/Valor The auction of ultra-deep pre-salt areas, scheduled for December, is likely to draw competition for the assets, said Rodolfo Saboia, the director general of the National Petroleum Agency (ANP). The […]
Company became largest operator of medium-sized airports and grew fourfold in five years 08/31/2022 Wanderley Galhiego Jr. — Foto: Carol Carquejeiro/Valor After a strong expansion cycle in recent years, Socicam is now entering a moment of internal reorganization and focusing on recently won contracts. The company, founded 50 years ago to manage bus terminals, has […]