Economy

Government and Petrobras fight over $30bn

Company claims it is owed money in transfer of pre-salt rights because crude is much cheaper than when contract was signed; government disputes

Rising consumption boosts second-quarter GDP forecasts Economy

Rising consumption boosts second-quarter GDP forecasts

Household demand starts reviving as unemployment stabilizes under lower inflation and interest rates

Vale’s controlling shareholders rule out shedding stock soon Business

Vale’s controlling shareholders rule out shedding stock soon

Litel, BNDESPar, Bradespar and Mitsui hold 44% of the common shares and intend to keep them for now, despite being free to sell part

Economy

Households poised to spend less repaying debts

Lower interest rates and improving job prospects could further reduce debt share of income, already the lowest in six years

Economy

Fourteen airports set for auction in 2018

Terminals will be divided into four groups and include Congonhas, according to Minister Moreira Franco; minister of Transportation opposes plan

Commentary

Raquel Balarin
Raquel Balarin

Credit restriction is hurdle to recovery

Small and medium-sized businesses have been resorting to factoring companies due to inability to get bank loans

Assis Moreira

Complicated scenarios for Buenos Aires

The most likely outcome for the ministerial conference is a declaration from countries of support and commitment to the multilateral trade system

Sergio Lamucci

Risks to the economic recovery

Manufacturing output performed well and retail sales surprised, but political and fiscal uncertainties could threaten positive prospects

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