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Murray News

Exporters keep $70bn abroad despite high interest rates

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 […]

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29 de March de 2022/by Gelcy Bueno
Murray News

NBR group to open automaker in Pernambuco

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 […]

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28 de March de 2022/by Gelcy Bueno
Murray News

ISA Cteep to build Brazil’s first large energy storage project

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 […]

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28 de March de 2022/by Gelcy Bueno
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