Petrobras’ Board of Directors will meet on January 26th. The meeting could seal the change in command of the state-owned company. Senator Jean Paul Prates, who will be nominated to assume the presidency, would replace João Henrique Rittershaussen, director of Production Development, who took over the state-owned company on an interim basis with the departure […]
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.
Indicated to Petrobras has companies linked to the oil and gas sector
Senator Jean Paul Prates (PT-RN), nominated by the government of Luiz Inácio Lula da Silva (PT) for the presidency of Petrobras, has two companies linked to the oil and gas sector. One of the companies has Prates himself as a partner. The other is owned by a holding company in which the nominee for the […]
Cade decides to investigate sudden increase in fuel prices in Brazil
The general superintendent of the Administrative Council for Economic Defense (Cade), Alexandre Barreto, decided that he will investigate the sudden increase in fuel prices, which occurred between the end of December and the beginning of January. In a letter sent to the president of the body, Alexandre Cordeiro, who requested the investigation earlier today, the […]
Oil prices fall more than 5% on fears about global economy and Covid in China
Oil fell more than $4 a barrel on Wednesday, with Brent suffering its biggest percentage loss in the first two trading sessions of the year since 1991, as demand concerns linked to the global economy and rising cases of Covid-19 in China crushing commodity prices. Brent futures closed at $77.84 a barrel after falling $4.26, […]
BNDES approves R$80 million to UISA Biogás for a new sugarcane waste production unit
The National Bank for Economic and Social Development (BNDES) approved financing of 80 million reais for UISA Geo Biogás to build an industrial unit for the production of biomethane and electricity from sugarcane waste, in Nova OlÃmpia ( MT), as communicated this Wednesday. In its first phase, the plant will produce up to 11.4 million […]
Former president of Embrapa, Silvio Crestana is quoted to resume post
Former president and researcher at the Brazilian Agricultural Research Corporation (Embrapa) Silvio Crestana is the most quoted name to resume the post in the new government of Luiz Inácio Lula da Silva (PT), found out CNN . According to interlocutors linked to Lula and the Minister of Agriculture, Carlos Fávaro, the invitation to Crestana has […]
Cade asks for inquiry to investigate sudden increase in fuel prices in Brazil
The president of the Administrative Council for Economic Defense (Cade), Alexandre Cordeiro, asked this Wednesday for the opening of an inquiry to investigate the increase in fuel prices, between the end of December and the beginning of January. In the agency’s assessment, the rise in prices was sudden and could configure the formation of a […]
Rui Costa denies that the government will change retirement and pension rules
The chief minister of the Civil House, Rui Costa, told the CNN this Wednesday (4) that “it is out of the radar of the new government to carry out studies to change retirement and pension rules”. Also, according to him, based on the determination of President Luiz Inácio Lula da Silva (PT), any action on […]
Fed still focused on fighting inflation, minutes say
All officials present at the Federal Reserve’s December 13-14 monetary policy meeting agreed that the US central bank should slow the pace of its aggressive interest rate hikes, allowing the cost of credit to remain high. to control inflation, but gradually to limit risks to economic growth. The minutes of the meeting, released this Wednesday […]
Repeal of pension reform would cost BRL 240 billion over the next 4 years, says IFI
According to calculations by the Independent Fiscal Institution of the Senate (IFI), the repeal of the social security reform – approved in 2019 – would generate an additional cost of around BRL 240 billion to public spending over the next four years. Upon taking office at the Ministry of Social Security on Tuesday (3), the […]
