Exporters are choosing to keep hard currency abroad despite higher interest rates in Brazil. The internalization of funds has not materialized more than a year since the beginning of the tightening cycle. A survey by Valor Data based on data by the Foreign Trade Secretariat (Secex) and the Central Bank shows that the 12-month spread […]
The NBR group, led by businessman Evandro Lira, is going to build an automaker of popular and compact vehicles made of fiberglass and carbon in Araripina, Pernambuco. The initial investment — which includes the renovation of a castor oil factory deactivated in the 1990s — is R$260 million in three years, but can reach R$1 […]
ISA Cteep, a private-sector power transmission company, agreed to build the first large-scale energy storage project linked to Brazil’s National Interconnected System (SIN). The company signed a contract with a consortium that includes You.On Energia, a company specialized in energy storage systems, and TS Infraestrutura, which gathers engineering assets spun off from Toshiba. The companies […]