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Elon Musk has regained his title as the world's richest person, with a net worth of $420 billion, driven by a surge in Tesla's stock price. Meanwhile, Brazil has decided to postpone a tax proposal on major tech firms, focusing instead on legislation to regulate competition among digital platforms, amid concerns over U.S. trade relations and potential tariff implications from President Trump's policies.
Elon Musk warned that the upcoming 25% tariffs on imported cars will significantly affect Tesla, as part of Trump's trade strategy to strengthen U.S. industry. Meanwhile, Brazil has postponed a tax proposal on big tech firms, opting instead to focus on regulating competition among digital platforms, amid concerns over the impact on trade relations with the U.S. The Brazilian government is cautious about timing any tax measures, given the potential complications with ongoing tariff discussions.
Nestlé S.A., the world's leading food group, reports its sales breakdown by product family: powdered and liquid beverages (26.9%), pet food (20.7%), pharmaceutical and nutrition products (16.6%), prepared dishes and seasonings (11.7%), dairy and ice creams (11.4%), chocolates and cookies (9.2%), and packaged waters (3.5%). Geographically, sales are concentrated in the United States and Canada (35.2%), followed by China (5.9%), Brazil (4.4%), and several European countries, with Switzerland at 1.2% and the UK at 4%.
Brazil's President Lula began a four-day state visit to Japan, accompanied by a 100-member business delegation, to strengthen trade ties amid US tariffs. Discussions with Prime Minister Ishiba will focus on biofuels and reaffirming commitments to free trade, while also addressing Brazil's increasing reliance on China. Lula's visit marks a significant effort to diversify Brazil's trade relationships, particularly in the Asia-Pacific region.
UBS analyst Alberto Valerio has upgraded WEG S.A. shares from Neutral to Buy, setting a target price of R$66. This follows a recent share devaluation, with a current P/E ratio of 25x, and reflects confidence in the company's long-term growth potential, driven by a projected 12.4% CAGR in sales from 2025 to 2040 and strong EBITDA margins.
UBS analyst Alberto Valerio has upgraded WEG S.A.'s stock rating from Neutral to Buy, setting a price target of R$66. The upgrade comes after a period of underperformance, with the company expected to achieve a 12.4% compound annual growth rate in sales from 2025 to 2040, driven by its strategic positioning in energy transition and strong EBITDA margins. Despite a recent downgrade, WEG's financial health remains robust, supported by favorable market conditions and consistent dividend payments over 33 years.
UBS analyst Alberto Valerio has upgraded WEG S.A. shares from Neutral to Buy, setting a target price of R$66, citing a recent devaluation and solid fourth-quarter results. The company, valued at $35.2 billion, shows strong financial health and is expected to achieve a 12.4% CAGR in sales from 2025 to 2040, supported by favorable market trends and sustained high EBITDA margins.
UBS analyst Alberto Valerio has upgraded WEG S.A. shares from Neutral to Buy, setting a target price of R$66, citing a strong buying opportunity after a recent devaluation. The company, with a market cap of $35.2 billion, is expected to achieve a 12.4% CAGR in revenue from 2025 to 2040, supported by robust sales growth and sustainable EBITDA margins projected to reach 22.5% in 2025.
Rabobank has appointed Pollyana Saraiva as the new State Manager for Country Banking in Queensland, succeeding Brad James, who is retiring after over 20 years. With nearly 30 years of experience in financial services and agribusiness, Saraiva previously led Rabobank's rural banking operations in Latin America and is committed to enhancing support for agricultural producers in Queensland. She expressed enthusiasm for contributing to the region's agricultural sector and helping clients achieve their business aspirations.
Brazil's tax revenue service is considering reinstating a rule that requires fintechs to report transactions due to concerns over money laundering. The head of the agency, Robinson Barreirinhas, noted that while they have tools to track financial activities, these are not currently utilized for fintechs. Proposed regulations faced public backlash, leading to delays in implementation.
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Elon Musk regains title of world's richest amid global tech tax debates
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Rabobank appoints Pollyana Saraiva as new Queensland state manager
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23:34 16.03.2025
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