Entries by Gelcy Bueno

Nomad raises capital to become Brazilians’ digital account in dollars

After uniting several restaurants in a single app and changing the delivery market in Brazil, iFood’s co-founder Patrick Sigrist wants now to change the way Brazilians plan and execute their spending abroad. Founded with Eduardo Haber, who headed Advis and Tribeca Partners, fintech Nomad wants to be the Brazilian´s digital checking account in the American […]

Court reverses R$46bn decision against Petrobras

Federal Supreme Court (STF) Justice Alexandre de Moraes has granted an appeal by Petrobras and annulled a decision in the largest labor case ever in the history of the state-owned company, imposed in 2018 by the Superior Labor Court (TST). The decision with a multi-million impact was anticipated on Wednesday by ValorPRO, Valor’s real-time information […]

Governors take forest restoration, bioeconomy projects to John Kerry

Seven governors representing all regions of the country have a virtual meeting scheduled on Friday with John Kerry, U.S. special envoy on climate. On that occasion, they will present nine projects for forest restoration, bioeconomy, and social and productive development. The projects are expected to be put in place in 24 to 72 months and […]

Jump in IPOs and M&As drives banks fees higher

The soaring number of share offerings, between IPOs and secondary offerings, and a considerable volume of mergers and acquisitions transactions at the beginning of the year are already very evident in investment banking revenues. The fee pool for the first half is 121.8% higher than in the same period last year, at $697.85 million, against […]

Inflows gain strength and offset outflows from 2020

Thenet inflow of direct investments in the Brazil (IDP) has been below the estimate of the Central Bank (BC) for three months now. At the same time, the inflow of portfolio resources is gaining strength and has already more than compensated for the net remittance registered last year, caused by the pandemic. In June, Brazil […]

Rumo opens main stretch of railroad in Goiás

Cosan’s logistics company Rumo starts operating the most important stretch of Norte-Sul Railroad this Tuesday. In March, the company had already opened the track between Estrela D’Oeste, in São Paulo, and São Simão, in Goiás. Now, the company set up its terminal in Rio Verde, Goiás, which considerably expands the volume hauled. “The Rio Verde […]

Search for cost-cutting boosts solar franchises

Franchises dedicated to the sale of small solar generation systems, typically installed on residential and commercial roofs, have seen exponential business growth in 2021. Big chains in this niche – as Solarprime, Energy Brasil, and Blue Sol – expect to double the number of stores compared to last year and are looking for ways to […]

Banks likely to see higher profits in second quarter

With a fairly low base of comparison in the second quarter of last year, when they were still making provisions to deal with the pandemic, Brazil’s largest banks are expected to report an almost 60% jump in profit for the April-June period. The expectation is that credit portfolios will continue to grow at a healthy […]

UBS sees window of opportunity for Brazilian assets

Brazilian markets have a “window of opportunity” as prices are still low amid economic recovery, says Ronaldo Patah, chief strategist at UBS Consensus. For him, the global scare with the Delta variant of the coronavirus should not translate into a more serious problem for the local economy. In a report with investment recommendations for Brazil, […]