One day after announcing his first economic measures, the Minister of Finance, Fernando Haddad, met yesterday, in São Paulo, with bank economists. At the end of the meeting, former Treasury Secretary Mansueto Almeida, who is now BTG’s chief economist, said that the tax reform proposal could be taken to Congress “faster than we expected”. “The […]
Suzanne
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.
Federal government prepares a fine-tooth comb for all contracts over R$ 1 million
All federal government contracts with amounts above R$ 1 million will have to go through a fine-tooth comb for eventual renegotiation and until the expense is extinguished. Included in the package announced on Thursday (12), the measure is contained in Interministerial Ordinance No. In the economic team, the review is considered the first step towards […]
Environmental preservation is the goose that lays the golden eggs of agriculture, says Minister of Agriculture
With a troubled relationship between agribusiness and President Luiz Inácio Lula da Silva, the Minister of Agriculture, Carlos Fávaro, says in an interview that the environmental issue will have priority treatment, because it is necessary to produce sustainably to guarantee longevity to agricultural production. “This is the message I will carry: let’s fight environmental crime […]
Americanas: banks agree to roll over debts to avoid bankruptcy and ask for capitalization
Americanas’ creditor banks agreed to roll over the company’s debt, to prevent it from going bankrupt and generating a ripple effect both in the financial system and in retail. But they condition the company to capitalize quickly, which must be done through the issuance of shares, in an offer of a few billion reais. In […]
Now with judicial protection, Americanas have 30 days to file for recovery
Americanas asked for and obtained in court protection against creditors who want to anticipate the payment of debts. Judge Paulo Assed, of the 4th Corporate Court of Rio de Janeiro, granted a precautionary measure to suspend early maturities and the effects of default by the company. After this decision, the Court of Justice of Rio […]
Mega-Sena: Draw this Saturday (14) has an estimated prize of R$ 33 million
THE Caixa Econômica Federal holds, this Saturday (14), the draw for the Mega-Sena contest 2.5555. The prize is accumulated and estimated at R$ 33 million for those who match the six numbers drawn. The draw will take place at 20:00 (Brasília time), with a live transmission by Caixa’s social networks. In the last contest, on […]
With eggs in short supply because of avian flu, US producer sees profit increase 65%
A spike in egg prices squeezed customers. But even as its own costs rise, America’s top egg supplier has found it can make even more money on each egg. The egg shortage has enabled record quarterly earnings and sales at Cal-Maine Foods, the largest producer and distributor of eggs in the United States. The company […]
Americanas must file for judicial recovery and declare a debt of R$ 40 billion
The Justice of Rio de Janeiro accepted this Friday (13) Americanas’ request for judicial precautionary relief, a process that prevents the attachment or blocking of its assets by creditors until a possible judicial recovery process is opened by the company. The retailer triggered a crisis in its business and saw its shares turn to dust […]
Blocking charges against Americanas aims to protect workers, says judge
One step away from having its judicial reorganization or bankruptcy decreed by the courts, Judge Paulo Assed, from the 4th Corporate Court of Rio de Janeiro, ordered the suspension of debt collections from Lojas Americanas for one month. THE CNN , Assed said that the purpose of the measure is to understand the real impacts […]
Americanas cancels BBB 23 sponsorship after R$ 20 billion loss in accounts
Americanas announced this Friday (13) that it is no longer part of the advertisers for the TV Globo program, Big Brother Brasil. The retailer had the highest sponsorship share of the program. The decision came after the company disclosed, in a material fact, the detection of inconsistencies in accounting entries estimated at R$ 20 billion. […]
