Vale's 'astral hell' is featured in Money Times; see the main newspaper headlines today (22) (Image: Adeolu Eletu/Unsplash)
The current situation of Vale (ELECTION 3) gained prominence in Money Times this week. The role of the bitter miner remains at around 20% in the year.
There were many factors behind the downfall. Starting with the astral hell that struck Vale, with a governance crisis and attempts to interfere with the Federal Government in the choice of CEO, although denied, and the uncertainties surrounding the disaster settlement of Mariana.
Last Friday (20), the mining company announced the anticipation of the new CEO's term, Gustavo Pepper.
Check out the main highlights in Money Times and others newspapers this Sunday morning (22):
Companies/Markets
Azul (AZUL4): Moody's concerns about debt; 'liquidity risk has increased' – Azul (AZUL4), which is in the midst of a short-term debt renegotiation, had its corporate rating downgraded from Caa1 to Caa2 by Moody's, according to a document sent to the market on Friday night (20). – Money Times
Casas Bahia, Tok&Stok, InterCement: why out-of-court recoveries have soared in Brazil – State
'Taesa (TAEE11): Itaú calculates dividends and says whether it's time to buy shares – Money Times
Economy
Haddad says what he thinks about the fall of the Ibovespa and the rise of the dollar – Finance Minister Fernando Haddad said on Friday that there was no objective reason for the recent market movements, on a bad day for Brazilian assets. – Money Times
Wall Street faces 'end of easy life' with high interest rates – Economic Value
Meirelles says in a book that Lula tried to make him lower interest rates – Economic Value
Policy
Almost there: See what’s missing for X to return to the air in Brazil – Minister Alexandre de Moraes, of the Federal Supreme Court (STF), determined this Saturday (21) that the social network X send the Court new documents to prove the reactivation of the company's legal representation in Brazil. – Money Times
Ricardo Nunes and Pablo Marçal fight for the evangelical electorate in São Paulo – The State of S. Paulo
Lula government refuses to provide information on Janja’s travel and accommodation expenses in NY – S.Paulo Newspaper