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The 2022/23 soybean crop in Brazil was estimated this Wednesday (9) at a record 153.54 million tons, projected the National Supply Company (Conab), raising its projection to just over 1 million tons in compared to the October forecast. According to Conab’s monthly report, the estimate was revised due to a greater growth in the area […]

Brazilian steelmaker Gerdau said on Wednesday (9) that its adjusted net profit fell by about a third in the third quarter compared to the same period last year, with lower steel prices globally and rising input costs. The company’s adjusted net income was R$3.02 billion, down 33.7% year-on-year, although practically in line with market projections. […]

Facebook parent Meta Platforms Inc. said on Wednesday it will lay off 13% of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as it grapples with rising costs and a weak advertising market. The sweeping job cuts, the first in Meta’s 18-year history, follow thousands of layoffs […]

Caixa Econômica Federal (CEF) ended the third quarter of this year with a net profit of R$3.2 billion, according to figures published this Wednesday, 9th. The public bank’s result rose 0.5% on an annual basis, and 75.9% in relation to the second quarter of this year. According to Caixa, the expressive increase in three months […]

Chinese stocks and Hong Kong closed lower on Wednesday (9), as the drop in producer prices for the first time since December 2020 underscored the weakness of domestic demand amid restrictions against Covid-19, with investors awaiting data from the inflation and the results of midterm elections in the United States. The CSI 300 index, which […]

China’s producer prices fell in October for the first time since December 2020, while consumer inflation moderated, highlighting the weakness of domestic demand with strict Covid-19 restrictions, property sector losses and the recession. global impact can affect the economy. Analysts say the problems facing businesses and consumers, both at home and abroad, will add to […]

Rumo, the logistics company of the Cosan group, started in November one of the largest railway extension works in Brazil. The Mato Grosso State Integration Railway, which will be built with 100% private capital, under the authorization regime via a contract signed between the company and the government of Mato Grosso, will have more than […]

A survey released this Wednesday (9) points out that 6 out of 10 Brazilian industries have an area dedicated to sustainability. The result represents a leap in relation to last year, when 34% of respondents said they had the area to deal with the matter in their organizational chart. The survey carried out with executives […]

THE Federal Savings Bank this Wednesday (9), the draw for the 2,537 Mega-Sena contest. The prize is accumulated and estimated at R$ 65 million for those who match the six dozen drawn. The draw will take place at 20:00 (Brasília time), with live broadcast by Caixa’s social networks🇧🇷 To compete, players can register their games […]

Shopping mall operator Iguatemi released this Tuesday (8) net income of R$64.8 million in the third quarter, reversing a loss of R$83 million in the same period in 2021. Cash generation measured by earnings before interest, taxes, depreciation and amortization (Ebitda) was R$ 165.8 million between July and September, up 15% on an annual basis. […]