The profits of Brazil’s six main state-owned companies last year will mean R$46 billion in primary revenue for the federal government, according to the calculations of the Economy Ministry. In 2021, Petrobras, Banco do Brasil, Caixa Econômica Federal, Brazilian Development Bank (BNDES), postal company Correios and power utility Eletrobras reported a positive net result of […]
With upward revisions, especially regarding prices, the Brazilian Association of Vegetable Oil Industries (Abiove) started to project the revenue of soy exports (beans, meal and oil) at $57.953 billion in 2022. The record amount is $6.51 billion higher than what was forecast by the association in March and, if materialized, will represent an increase of […]
Embraer unveiled that it has completed the business combination between its subsidiary of air vehicles for urban mobility — the so-called “flying cars” — Eve, and U.S.-based Zanite Acquisition. The merger gives rise to a new company, Eve Holding, now listed on the New York Stock Exchange. Embraer closed down 7.98% on the B3. Embraer […]