Schlagzeilen der internationalen Ausgabe von VALOR ECONOMICO

Supreme Court justices clashing over Lula arrest

Brazil’s highest court has no consensus on reviewing precedent set in 2016 that orders convicts to start serving time after first appeal fails

Crisis puts banks’ market power under the spotlight

Big lenders in Brazil show ability to produce high profits even

Boeing and Embraer reach model for deal

Format for acquisition of the Brazilian company’s commercial aviation unit would leave Boeing in control of new business

Senator Jereissati to lead Alckmin campaign

São Paulo governor is confirmed as the PSDB pre-candidate for the 2018 presidential race

Bahema becomes education company and targets 30,000 students by 2023

Investment firm is negotiating acquisition of fifth primary school, planning to create platform for future expansion

Our daily patrimonialism

The idea that the state has no owner is not exclusive of politicians

Meirelles wants to leave, but may stay in government

If he leaves the post, Finance minister will compete with President Temer for nomination of the ruling coalition

The electoral risks

Each presidential candidate in 2018 is drawing ties with one of the “churches” with their different solutions to resume growth

With Suzano deal, Duratex will have to seek new buyer for forests

Pulp maker has option of buying 20,000 hectares from Duratex, but merger with Fibria is likely to make it relinquish such right

Petrobras eyes sale of more nitrogen fertilizer plants

Company will “hibernate” factories in Sergipe and Bahia until it can find buyers; sale of other plants in Mato Grosso do Sul and Paraná advances

Breakup fees start emerging in Brazil’s M&A market

Potential antitrust veto or change in economic conditions are some reasons why fees are being included in contracts

Dutch group Vitol in talks to buy Alesat

Fuel distributor also negotiating with Total after antitrust court blocked sale to Ipiranga last year; current bid fell about R$400m from R$2.2bn

Brazilian police tries to engage US in fight against gun trafficking

American rules make it easier for smugglers to supply criminal groups in Brazil

Federal companies triple their net income

After combined loss of R$32bn in 2015, profit had reached R$4.6bn in 2016 and grew even further last year

Mubadala negotiates acquisition of Queiroz Galvão Energia

Group Queiroz Galvão has been trying to sell its renewable-energy arm for more than four years

São Braz well-positioned to grow along with overall economy

Paraíba-based maker of processed coffee and corn products invested R$141m to double capacity during the crisis and is now expanding distribution

Rivals gain market share in express shipping as Correios deteriorates

State-owned giant’s services have worsened amid the country’s fiscal crisis while online sales are expanding significantly

Government planning auctions for seven other ports

Investment Partnerships Program will offer five liquid bulk facilities, as well as one vehicle terminal and a container one

Suzano finds sweet spot to create R$83bn business

Company resulting from the merger with Fibria already is the world’s leading hardwood pulp producer

Suzano and Fibria merger likely to be approved, but not easily

Combined company may have to keep discount policy for awhile despite holding capacity to meet nearly half of global demand for hardwood pulp

Belated telecom reform creates regulatory limbo

Government and regulator must improvise concession targets since current rules still force carriers to spend on outdated technology

BNDES estimates it would profit R$2.5bn with sale of stake in JBS

Bank’s investment arm holds 21.3% in the meat giant; potential gain would represent a 30% return

Álvaro Dias becomes a burden for Alckmin in the South region

Paraná senator and former governor steals many potential votes in region traditionally dominated by the PSDB

Suzano and Fibria to create giant pulp producer

Two largest producers of eucalyptus pulp in the world got BNDES approval for R$34bn cash-and-stock deal

Ultrapar on the lookout for deals abroad

Oil company’s equity was reduced by R$160bn since Operation Car Wash uncovered kickback scheme

Almeida Junior and Agibank also planning IPO

Mall group and Rio Grande do Sul-based bank join list of seven Brazilian companies considering stock offerings in the first half

Market becomes less receptive to Brazilian bond issues

Uncertainties about American interest rates increase aversion to emerging-market debt

EU considers embargo on BRF poultry exports

Brussels has expressed dissatisfaction with explanations provided by Brazilian government

Petrobras may resume dividends in first quarter

Board will study proposal for quarterly distributions and might endorse it to shareholders; state-owned giant expected to post a profit in Q1

Dersa finds fraud in 1,702 indemnities

Coca-Cola, Nestlé execs fight back against fake news

Energy industry already has R$800bn in investments lined up

Manufacturing share of exports stagnated in last decade

Government launches logistics plan amid attempt to extent concessions

Banned from using abestos, Eternit seeks bankruptcy protection

Government maintains 3% GDP growth forecast

Study suggests financing alternatives to power industry