Entries by Gelcy Bueno
Legal battle may create multi-billion hole in power industry
CTG Brasil, controlled by Chinese company, questions change in firm energy of its plants; R$500m have already been charged from consumer 08/05/2022 CTG’s hydroelectric plant in Rosana — Foto: Henrique Manreza/Divulgação A legal imbroglio in the power industry may open precedents for a multi-million hole in the consumers’ electricity bills. The hydroelectric plants of CTG […]
Interest rates plummet, boost Brazilian stocks
Assessment that key rate Selic will stay at 13.75% prevails, sustains rally of risk assets 08/05/2022 Benchmark stock index Ibovespa showed a firm rise on Thursday — Foto: Silvia Zamboni/Valor A clearer signal from the Central Bank’s Monetary Policy Committee (Copom) about the end of the cycle of Selic hikes was all it took for […]
Antitrust body sees cartel in airport café bids
Case involves five companies, eight individuals and a relevant discussion about fines for all cases of anticompetitive conduct 08/04/2022 CADE’s building in Brasília — Foto: Jefferson Rudy/Agência Senado Antitrust regulator CADE has acknowledged the existence of a cartel in bids held for the installation of cafés in airports in São Paulo (Congonhas), Florianópolis, Recife, Campo […]
Fertilizer imports gain steam in Northern ports
Terminals in Brazil’s North region account for a quarter of inputs from abroad 08/04/2022 As grain crops grow in the Matopiba region (bordering the states of Maranhão, Tocantins, Piauí and Bahia) and in northern Mato Grosso, the Arco Norte (North Arch) ports become increasingly attractive to logistics service providers. In the wake of the growth […]
Central Bank raises key interest rate by 50bp, to 13.75%
Committee hinted possibility of new hike in September 08/04/2022 Central Bank’s building in Brasília — Foto: Divulgação/Rodrigo Oliveira/Caixa Econômica Federal The Central Bank’s Monetary Policy Committee (Copom) raised the Selic policy interest rate by 50 basis points on Wednesday, to 13.75% per year, and hinted that it will evaluate the need for a “residual adjustment, […]
Migration to fixed income linked to interest rates, not customer profile
According to association of securities firms, class accounts for 61.3% of investments volume in first half 08/03/2022 Investments by individuals in retail, high income, and private banking reached R$4.65tn in the first half of the year, Anbima says — Foto: Silvia Zamboni/Valor The giant flow of individuals into fixed income is more related to the […]
Brazilian businesspeople to sue BofA in New York in $1bn case
Companies reportedly facing losses are preparing class action 08/03/2022 Brazilian businesspeople from some traditional families that allegedly rented U.S. aircraft through leasing offered by Bank of America (BofA) plan to go to the courts in New York to ask for compensation for losses resulting from the operation. Since they have already lost or are in […]
Regulation may unlock offshore wind farms
Currently, federal environmental agency Ibama has 55 processes for environmental licenses under analysis; in 2021 there were 23 08/03/2022 The federal government hints at establishing guidelines for offshore wind projects was the trigger for companies and investors to enter the segment more willingly. The federal environmental agency Ibama is analyzing 55 environmental permit processes totaling […]
Microcredit grew in pandemic but volume is still low
Participants in the sector say changes are needed to make this type of financing take off 08/03/2022 Microcredit grew 53.1% in the pandemic – more than credit in general, which advanced 38.1% – and surpassed the R$10 billion threshold for the first time. With dozens of millions of informal microentrepreneurs without income due to the […]