Copel, an electric company from Paraná, recorded an adjusted net profit of R$ 403.4 million between July and September this year, 46.9% lower than the one reported a year earlier, according to a balance sheet released on Thursday night (10). Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) dropped 11.8% to R$1.13 billion in […]
Joe
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
Itaúsa has net income of R$ 3.56 billion in the 3rd quarter
The holding company Itaúsa reported this Friday (11) growth of 51% in profit in the third quarter against a year earlier, helped by the result of Itaú Unibanco and the sale of shares of XP Inc.. Net income was R$ 3.56 billion between July and September, up 50.6% compared to the same period last year. […]
Dollar retreats after the previous day’s surge due to fears of fiscal mismanagement under Lula
The dollar fell against the real this Friday (11), with investors adjusting positions after the previous day the currency had soared at the fastest pace since the beginning of the pandemic amid fears of fiscal uncontrolled under President-elect Luiz Inácio Lula da Silva. Silva. Lula plans a PEC to accommodate extra-ceiling spending in 2023 and […]
Elected government indicates that we will have substantial deficit next year, says economist
In response to a speech made by President-elect Luiz Inácio Lula da Silva (PT) this Thursday (10), the Ibovespa lost about R$156 billion in market value in one day, and future interest rates skyrocketed. The strong negative reaction of financial agents is explained, above all, by the perception of lack of control in public accounts, […]
The economic uncertainty in the Lula government
Thursday’s WW (10) addresses the economic uncertainty in the new government. President-elect LuÃz Inácio Lula da Silva (PT) gave a speech criticizing the so-called fiscal stability and defended the need to put the social issue ahead of issues that, according to him, are of interest only to the financial market. It was enough for an […]
Lula campaign coordinator says reaction to talk about fiscal responsibility was speculative
Lula’s campaign communications coordinator, Edinho Silva, stated that the president-elect gives predictability to the market by recognizing that there will be an increase in the fiscal deficit to accommodate social spending. For him, the market’s reaction to Lula’s statements about fiscal and social responsibility was disproportionate and speculative. “We live in a shambles in the […]
Food import costs hit record highs and threaten more poor, says FAO
Worldwide food import costs are expected to hit a record high of nearly $2 trillion in 2022, putting pressure on the world’s poorest countries, which have likely shipped considerably smaller volumes of food, the UN Food Agency (FAO) said. this Friday (11). World food prices hit record levels in March after Russia invaded Ukraine, a […]
Asian stocks close sharply higher, as China relaxes against Covid and Fed
Asian stock markets recorded robust gains on Friday (11). The fact that the Chinese government has relaxed some restrictions to contain Covid-19 has cheered investors in general. In Tokyo and elsewhere, the prospect that the Federal Reserve (Fed, the US central bank) will tighten interest rates less, after the consumer price index (CPI) released last […]
UK GDP shrinks 0.2% in Q3 compared to last
The UK’s Gross Domestic Product (GDP) shrank 0.2% in the third quarter of this year from the second, according to the country’s Office for National Statistics (ONS) initial estimate, released on Friday. fair (11). The result represents the first quarterly contraction of the British economy since the first three months of 2020, when the first […]
Startup that launched recaptured carbon vodka now produces jet fuel with the same technique
In 2019, the Air Company successfully launched vodka derived from recaptured carbon in an effort to reduce the amount of the harmful greenhouse gas in the atmosphere. Today, the Brooklyn-based startup has started using the same process to make jet fuel. Air Company’s sustainable jet fuel, which was recently tested by the US Air Force, […]
