About Gelcy Bueno

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Entries by Gelcy Bueno

Larger Brazil coffee crop fails to ease price uncertainty

Analysts say stronger production is still insufficient to relieve tight global supply and demand conditions     05/21/2026 Brazil’s coffee crop is expected to grow this year, but not enough to ease tight global supply and demand conditions. That was the assessment of industry participants gathered Wednesday (20) at the International Coffee Seminar in Santos, […]

More than half of Brazil’s households near insolvency

NielsenIQ survey shows Northeast hardest hit by debt, pointing to risk of wider inequality     05/21/2026  Nearly 75% of Brazilian households are uncomfortable with their financial situation, and just over half, or 54%, are close to becoming insolvent while still trying to pay all their bills. Within this group of families worried about their […]

Federal Police reject Master owner plea deal proposal

Investigators say Daniel Vorcaro failed to provide new evidence that would justify benefits such as release from jail       05/21/2026  Brazil’s Federal Police rejected on Wednesday (20) the plea bargain proposal submitted by former banker Daniel Vorcaro, owner of Banco Master. Valor learned that investigators believe the probes are already advanced and that […]

Elea shareholders buy Cellera Farma, target Brazil expansion

Argentine pharmaceutical group acquires 90% stake in Brazilian company; Omilton Visconde Junior retains a 10% stake and remains CEO       05/20/2026  Shareholders of Elea, one of Argentina’s largest pharmaceutical companies, finalized this week the acquisition of Cellera Farma, Brazil’s youngest domestically controlled drugmaker, marking their entry into the Brazilian market and the start […]

Lower House reviews versions of workweek proposal

Rapporteur prepares three drafts with transition periods of two, three and four years, as business-impact measures remain under discussion       05/20/2026  The rapporteur for the proposed constitutional amendment that would end Brazil’s six-day workweek with one day off, lawmaker Leo Prates (Republicans Party, Bahia) has completed three versions of his report and will […]

Spending watchdog questions guarantee for loan to Brazil’s postal service company

Auditors see possible flaws in risk analysis behind R$12 billion financing     05/18/2026 The technical staff of Brazil’s public spending watchdog (TCU) believes there may have been irregularities in the Treasury’s decision to guarantee a loan to the state-run postal company Correios and wants to determine the government’s responsibility for the operation that provided financial […]

Brazilian airlines cut flights as jet fuel prices double

Costs surge after Middle East war, forcing carriers to trim 93 daily flights in May so far and focus on more profitable routes     05/18/2026  The surge in oil prices triggered by the war in the Middle East has led airlines in Brazil to draw up a survival plan for the coming months. Jet […]

Brazilian beef dominates China’s food service sector

Study says Brazil could expand further through hotpot chains and digital retailers   05/18/2026 The main segment currently served by Brazilian beef exports in China is the food service industry. Brazilian product is already estimated to account for more than 60% of the beef used in casual dining restaurants, fast-food chains, and hotpot restaurants, according […]

Chinese EV imports gain ground in Brazil as local automakers lag

Rising demand for hybrid, electric vehicles boosts imported car sales, pressures domestic auto industry       05/11/2026  As Brazilian consumers show growing interest in hybrid and electric cars, most automakers producing locally are losing market share. All of them aim to enter the electrification era and reclaim their leading role in the industry. For now, […]