AGP Executive Report
Last update: 11 hours agoCorporate Impact: Pluxee beat fiscal 2026 earnings forecasts, but expects profit to fall in 2027 as Brazil’s meal-voucher reform takes effect. Brazil accounts for about 30% of sales, and the outlook sent shares sharply lower. Energy Storage: Brazil has 56 GW of battery-project grid capacity—five to 12 times projected demand for 2028–30—potentially intensifying auction competition and lowering costs for consumers. Markets & Fiscal Policy: Brazilian bond yields retreated after Treasury buybacks topped R$30 billion, while investors reassessed equities after Lula’s narrow reelection. The government’s extension of diesel subsidies could cost R$10.5 billion, keeping fiscal discipline in focus. Banking: Santander’s underlying group profit rose 19% in the third quarter, but Brazilian net profit fell 15% and local loan-loss provisions increased 23%.
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