Brazil’s energy sector prepares for its second electricity transmission auction of 2024, scheduled for Friday, September 27th. The National Electric Energy Agency (ANEEL) will oversee the event, offering concessions for 783 kilometers of transmission lines and substations across six Brazilian states. ANEEL estimates the total investment required at R$3.4 billion ($624 million). The auction features […]
Related Posts
Palmeiras Targets Paulistão Glory Amid Star Concerns
Palmeiras edged into the Paulistão final, their fifth in a row, with a 1-0 win against Novorizontino at Allianz Parque. Young talent Endrick, fresh from international play, scored the decisive goal despite a nagging injury. His performance has put Palmeiras on the path to claim the state championship once more potentially. Endrick’s swift return from […]
Yellen Highlights Brazil’s Potential in Global Supply Chains
U.S. Treasury Secretary Janet Yellen praised Brazil for its promising role in global supply chains. She urged Brazil to create a welcoming environment for private investments to flourish. Yellen lauded Brazil’s groundbreaking tax reform, highlighting its appeal to both American and global companies seeking operations within Brazil. Marking two centuries of U.S.-Brazil diplomatic ties, she […]
Decoding Brazil’s Selic Shift: A Peek into 2024’s Financial Crystal Ball
Brazil’s Central Bank has just thrown a curveball by nudging its benchmark interest rate, the Selic, to an anticipated 10.25% for 2024. Initially, it seems a modest hike from 10%, yet it’s actually a signal of a 0.25 percentage point drop from today’s numbers. Such tweaks might seem minute, but they ripple across the economy, […]