TIM Brasil closed the third quarter of 2022 with normalized net income of R$ 473 million, a stable amount compared to the same period in 2021, according to the balance sheet published this Monday (7). The operator had a strong increase in its revenues after the incorporation of customers from Oi’s mobile network, whose acquisition […]
Gasoline rises for the fourth week in a row and approaches R$ 5
The average price of gasoline in Brazil has once again approached R$5, according to a new survey by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) released this Monday (7th). The liter was R$ 4.91, between October 23 and 29, to R$ 4.98 between October 30 and the last Saturday (5), an increase […]
Oil closes lower, pressured by China concerns
Oil futures contracts closed lower on Monday (7) pressured by concerns about Chinese demand, after disappointment with the Asian country’s trade balance. The weakening dollar, in turn, limited losses. December WTI crude closed down 0.88% ($0.82) at $91.79 a barrel on the New York Mercantile Exchange (Nymex), while Brent for January 2023 was down 0.66 […]
Ecorodovias has a profit of R$ 128 million in the 3rd quarter
The infrastructure concessions administrator Ecorodovias announced this Monday (7) net income of R$ 128.2 million for the third quarter, a decrease of 10.8% compared to the same period in 2021. The company reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of R$ 557 million in adjusted terms, an annual decrease of 12.5%. The […]
Apple plans to change “Hey Siri” command to activate virtual assistant
Apple supposedly wants to do away with “Hey”. The company is said to be training its Siri voice assistant to take commands without needing the first half of the “Hey Siri” sentence. The trigger phrase is used to launch Siri on various products, including iPhone, iPad, HomePod, and Apple Watch. Bloomberg, which first reported the […]
Inflation is the biggest risk for business in Brazil in the coming years, says survey
Inflation is considered the biggest risk to doing business in Brazil in the next two years, followed by the proliferation of illicit economic activities, by geo-economic clashes and, tied, by employment and livelihood crises and severe shocks in commodity prices or volatilities. The findings are from research carried out by the World Economic Forum’s Center […]
Electric vehicle sales through October exceed 2021 total, says association
Sales of electrified light vehicles in Brazil, in the first ten months of 2022, reached a total of 38,663 vehicles, surpassing by 10.5% the 34,990 of the whole of last year. In October, sales had the third best month in the historical series prepared by the Brazilian Electric Vehicle Association (Abve), with 4,460 units registered. […]
Market raises forecast for 2023 GDP for the 6th time and sees IPCA higher in 2022
The financial market forecast for GDP (Gross Domestic Product) for 2023 rose for the sixth week in a row this Monday (7), according to the Focus bulletin, published weekly by the Central Bank. The document recorded a 0.7% growth forecast for the economy next year, compared to 0.64% in the previous week’s survey. Despite the […]
Small industries are less affected by raw material shortages, points out CNI
The scarcity and price increase of raw materials are less affecting micro and small industries. This is what reveals the quarterly survey Panorama of Small Industry, released this Monday (7) by the National Confederation of Industry (CNI). According to the survey, from July to September, the lack or high cost of raw materials continued to […]
Apple expects iPhone 14 shipments to be affected by China’s Covid restrictions
Apple said shipments of its latest line of iPhones will be “temporarily impacted” by Covid restrictions in China. In a statement on Sunday, the company said its assembly facility located in the Chinese city of Zhengzhou is “currently operating at significantly reduced capacity” due to Covid restrictions. “We continue to see strong demand for the […]