The Federal Audit Court (TCU) approved on Wednesday (18), by majority, the continuity of Eletrobras’ capitalization process. There were 7 votes in favor and one against, by Minister Vital do Rêgo.
With the capitalization, the Union will no longer control most of the state-owned company’s share capital, going to hold 72% to 45% of the company’s shares.
Despite the advance of capitalization with the approval by the TCU, there may still be a judicialization of the process, which would hinder the government’s plans to finalize the procedure as soon as possible, taking into account the calendar of the election year.
Abroad, the highlight was the collapse of the global stock market on Wednesday (18), with the S&P and Nasdaq melting and recording the biggest drops in two years.
Presented by Thais Herédia and Priscila Yasbek, the CNN Money presents a balance of news issues that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
Listen to past episodes of the podcast:
Episode 05/18 – Soft Landing or Recession? Fed prepares to face US inflation; and the main market risks, according to great managers
Episode 05/17 – BC wants stable interest rates for longer, while market celebrates reopening in China
Episode 05/16 – Alarming data from China; understand the Petrobras soap opera and fuels; and worsening forecasts for the economy
Episode 05/13 – Petrobras remains on Bolsonaro’s target and BC gives up asking for 22% readjustment to servers
Episode 05/12 – Petrobras privatization and the politics behind it; the collapse of bitcoin; Why do we only talk about core inflation?
Episode 05/11 – Change of command at the MME is a surprise of the day and inflation remains the biggest concern in the world
Episode 05/10 – The “Mini-Tax Reform” and the déjà vu of price controls; why Bitcoin is melting along with the markets
Episode 09/05 – Inflation in US and Brazil near peak; energy may begin to sag; and expectations about services and trade
Episode 06/05 – Petrobras has record profit, but political risk hinders actions; the turnaround in the market with interest rates; and the skylight of the spending ceiling
Episode 05/05 – Between the lines of the Fed and the Copom; where to invest with Selic at 12.75%; US stocks rise with interest rates
Episode 04/05 – Super Wednesday and risk of recession: market awaits interest rate decision in Brazil and the USA
Episode 03/05 – Australia raises interest rates and reinforces fears about global inflation; free energy market has a record
Episode 05/02 – Market awaits decision on interest rates in Brazil and the US on “Super Wednesday”; IPI has limited effect
Episode 04/29 – April may be the worst scholarship month in 2 years; market monitors big tech performance –
Episode 04/28 – Facebook and balance sheets boost stocks; the collapse of the yen; and null IPOs of 2022
Episode 04/27 – Russia cuts gas to Poland and Bulgaria; Deutsche sees interest at 6% in US; and dollar in BRL 5
Episode 4/26 – The Future of Musk’s Twitter; interest takes 9 months to hit the economy; lockdown in China
Episode 4/25 – Markets plummet with fears over Beijing lockdown and US interest rates
Episode 04/22: Fed stirs up market with tougher speech, and Brazil does not escape global bad mood
Episode 04/21: Eletrobras trial pause worries, but market remains optimistic about capitalization
Episode 04/20 – Bento Albuquerque presses TCU for capitalization of Eletrobras
Episode 04/19 – Cryptocurrency Milestone Can Be Voted Today; IMF and the risk of stablecoins
Episode 4/18 – Inflation, economic growth and war in Ukraine dominate debate at IMF meeting
Episode 04/15 – Petrobras CEO’s first speech pleases the market; budget and minimum wage 2023
Episode 04/14 – End of the Petrobras telenovela; US threatened as a safe haven for investments
Episode 04/13 – Petrobras Assembly goes beyond the change of command; US inflation brings relief
Episode 04/12 – US Inflation Haunts Markets; green flag until December; and record default
Episode 04/11 – Strike in BC keeps Copom without data; French elections affect the market
Episode 08/04 – With a new record in the price of food, inflation is the biggest problem in the world today
Episode 07/04 – Petrobras in the last chapter and Eletrobras waiting for privatization
Episode 06/04 – The whole world is waiting for what the Fed says about high inflation in the US
Episode 05/04 – How the market reacts and what it expects from the new candidate for the presidency of Petrobras
Episode 04/04 – See what to expect from Petrobras shares after a weekend of surprises
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Source: CNN Brasil