Latest news with #investimentos
Bloomberg
03-07-2025
- Business
- Bloomberg
Petrobras Boosts Lula's Economic Agenda With Refining Investment
Brazil's state-controlled oil producer Petrobras announced on Thursday about 30 billion reais ($5.5 billion) in refining and petrochemicals investments in Rio de Janeiro state that align with the government's wider plan to create jobs and accelerate economic growth. The group of investments focus on producing renewable fuels and improving energy efficiency. President Luiz Inacio Lula da Silva will travel to Rio on Friday for an official announcement of the projects that could create more than 38,000 jobs, according to the company.
Reuters
12-06-2025
- Business
- Reuters
Brazil government revises IOF taxes after pushback, tweaks investment levies
SAO PAULO, June 11 (Reuters) - The Brazilian government published on Wednesday an executive order altering taxes levied on investments, as well as a new decree walking back part of the recently announced hikes on the IOF tax on financial transactions. The government had announced in May the increase of the IOF tax, including on credit and foreign-exchange transactions, to boost public revenues. The move triggered strong pushback from both Congress and market players, prompting the government to seek an alternative path as lawmakers threatened to overturn the measure. Wednesday's executive order, which will need Congress' approval to remain valid, includes measures previously unveiled by Finance Minister Fernando Haddad, such as taxes on investment income and capital gains, including stocks and bonds, at 17.5%, replacing the current sliding scale of 15% to 22.5%. It also sets a 5% income tax on investments currently except from income levy, and raises the income tax rate levied on so-called interest on equity (JCP) payments to 20% from 15%.
Reuters
04-06-2025
- Business
- Reuters
Brazil power firm Brasol, backed by Siemens and BlackRock, to double investments this year
SAO PAULO, June 4 (Reuters) - Brazilian energy firm Brasol, which has Siemens ( opens new tab and BlackRock (BLK.N), opens new tab as its main shareholders, expects to more than double investments this year as it aims to expand core businesses and diversify its portfolio, its chief executive said. Brasol, which operates small-sized solar power assets, expects to invest up to 2 billion reais ($354.6 million) this year, CEO Ty Eldridge told Reuters in an interview on Tuesday, up from about 900 million reais in 2024. "We believe that we can keep doubling (investments on an annual basis) for a few more years," he said, noting that Brasol wants to further grow its solar power business while also expanding in customer services, batteries and power lines. Eldridge said the move could include building private lines and substations to serve customers such as industrial plants, noting that he sees a "bottleneck" in the sector in Latin America's largest economy. ($1 = 5.6405 reais)
Reuters
30-05-2025
- Business
- Reuters
Brazil economic growth stays strong, supported by farm output, investments
BRASILIA, May 30 (Reuters) - Brazil's economy posted robust growth in the first quarter despite climbing interest rates as fixed investments, household consumption and strong farm output underpinned activity, pushing inflation to a two-year high. Gross domestic product in Latin America's largest economy rose 1.4% in the January-to-March period from the previous quarter, government statistics agency IBGE said on Friday, in line with the growth forecast in a Reuters poll of economists. GDP expanded 2.9% from a year earlier, below expectations for a 3.2% increase. On the supply side, agriculture stood out with a 12.2% gain from the previous quarter, fueled by a bumper soybean harvest. Services, which make up roughly 70% of Brazil's economy, expanded 0.3% amid a tight labor market, while industrial output slipped 0.1%. On the demand side, investments measured by gross fixed capital formation stood out with a 3.1% rise from the prior quarter. Household consumption also contributed with 1.0% growth, supported by measures from leftist President Luiz Inacio Lula da Silva to boost disposable income, including a minimum wage hike. Government spending increased by 0.1%. The strong economic performance came despite the central bank's aggressive monetary tightening, which has raised the benchmark Selic interest rate by 425 basis points since September, to a nearly 20-year high of 14.75%. The government expects soaring interest rates to weigh more on economic activity in the second half of the year, projecting GDP growth to slow to 2.4% in 2025 from 3.4% last year.
Bloomberg
19-05-2025
- Business
- Bloomberg
Galipolo Vow on Higher-for-Longer Brazilian Rates Boosts Bets on Cycle's End
Central bank President Gabriel Galípolo said Brazil needs interest rates to remain at a very restrictive level for longer, boosting investors' bets that policymakers could stop the current tightening cycle at their next meeting in June. The bank has front-loaded monetary policy and now it's logical to keep it tight for a longer period of time, Galípolo said during an event Monday in São Paulo organized by Goldman Sachs Group Inc.. The governor also said Brazil isn't even close to debating an inflection in monetary policy.
