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Entries by Gelcy Bueno

Non-residents’ share of public debt grows again

Federal Public Debt (DPF) ended October at R$6.17tn, an increase of 1.58% 11/30/2023 Sergio Goldenstein — Foto: Carol Carquejeiro/Valor The share of non-resident investors in Brazilian public debt increased for the third consecutive month, reaching its highest level in almost two years. As published Wednesday by the National Treasury in the Monthly Debt Report (RMD) […]

Supreme Court defines legal argument on liability of news outlets

Decision is aimed at statements made by interviewees 11/30/2023 The argument that prevailed was that of Justice Alexandre de Moraes — Foto: Gustavo Moreno/SCO/STF The Federal Supreme Court (STF) has ruled that news outlets, if they publish interviews attributing an illicit act to someone, can only be ordered to pay compensation for mental distress claims […]

ADM imports Thai rice amid firm prices in Brazil

Commodity trader is bringing in 60,000 tonnes to serve five national packers; product is expected to arrive between January and February next year 11/30/2023 Archer-Daniels-Midland, one of the world’s largest grain traders, will import 60,000 tonnes of paddy rice from Thailand amid the off-season period and firm rice prices in Brazil. Two ships are expected […]

U.S. Treasuries increasingly a drag on Brazilian equities

Correlation between U.S. government bonds and local index skyrockets 11/30/2023 Rafael Oliveira — Foto: Ana Paula Paiva/Valor The dynamics of the U.S. Treasury bond market began to play a significant role in the Ibovespa’s fluctuations in the second half of this year, reversing the trend of the recent past, when the impact of U.S. government […]

Oil lobby threatens largest COP in history

Abandoning fossil fuels will be a central topic of the UN climate conference 11/30/2023 People walk through Al Wasl Dome at Expo City ahead of the COP28 U.N. Climate Summit — Foto: Rafiq Maqbool/AP The largest climate conference in history starts today in Dubai amidst controversy. COP 28 unfolds against the backdrop of a year […]

Senate passes bill to tax offshore funds

Rapporteur chose to maintain the Lower House’s version; text passed a symbolic vote and awaits presidential signature 11/30/2023 Senator Alessandro Vieira — Foto: Pedro França/Agência Senado The Federal Senate approved Wednesday (29), by agreement, a bill to tax offshore investments and single-investor funds. The text, reported by Senator Alessandro Vieira, made no changes on the […]

Brazil hopes China will approve more meatpacking plants

Asian mission will visit slaughterhouses starting Friday 11/29/2023 Roberto Perosa — Foto: Guilherme Martimon/MAPA The Ministry of Agriculture hopes that China will authorize more Brazilian meatpacking plants to export meat to its market and not only the 15 units that will be visited by a mission from the Asian country starting this Friday, Roberto Perosa, […]

Inflation forecast advances, but scenario still not worrying

The 0.33% increase in mid-month inflation index IPCA-15 for November was concentrated on volatile items such as food and airfare 11/29/2023 Luciana Rabelo — Foto: Celso Doni/Valor The November reading of mid-month inflation index IPCA-15, considered a reliable predictor for official inflation, was higher than expected, but the surprises were concentrated in volatile items such […]

Vibra rejects Eneva’s offer but leaves door open for further talks

Distribution company called proposed terms “unjustifiable,” but is willing to negotiate 29/11/2023 Eneva’s Parnaíba complex — Foto: Divulgação Vibra informed the market on Tuesday that it considers the share exchange indicated in the proposed merger with Eneva to be “unjustifiable.” The fuel distribution company also claimed that “it is clear that the proposed terms of […]

Hedge funds fail to beat benchmark rate, face redemptions

Net redemptions total R$87.5bn; changes in regulation and taxation of closed-end funds are additional blows 11/29/2023 Marcos Mollica — Foto: Silvia Zamboni/Valor The hedge fund industry is on the firing line. With three difficult years amid fiscal and geopolitical turmoil and changes in U.S. monetary policy, “the tectonic plates have moved” and many managers have […]