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Entries by Gelcy Bueno

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 […]

Chamber of Deputies passes new rules for remote work

Provisional measure allows companies to decide rules directly with workers; proposal will now be sent to Senate 03/08/2022 The Chamber of Deputies passed Wednesday a provisional measure that allows companies to decide the rules of remote work directly with the worker, without the need for collective bargaining, and changes rules on the payment of food […]

Mubadala makes offer for Burger King in Brazil

Public offering of shares could reach R$938.6m 08/02/2022 Mubadala wants to increase stake in Burger King chain in Brazil to 50.1% — Foto: Divulgação The Arab investment fund Mubadala Capital has made a proposal to buy the control of Burger King in Brazil, a company currently called Zamp, in a deal that could reach R$938.6 […]

São Paulo to have standalone 5G before expected

Faster advance in releasing network expected to allow launch as early as Tuesday 08/02/2022 5G antenna in Rondonópolis, Mato Grosso — Foto: Divulgação The faster advance in the release of the fifth-generation mobile phone (5G) network in the city of São Paulo is expected to allow the launch of the most sophisticated version of the […]

Few cell phones in Brazil support standalone 5G

Telecoms regulator Anatel says technology will require certain amount of time 08/01/2022 Moisés Moreira — Foto: Geraldo Magela/Agência Senado Less than 5% of cell phones in operation in Brazil are ready to receive the standalone 5G signal, which was launched Friday in Porto Alegre, João Pessoa and Belo Horizonte. The warning has been repeated by […]

Bets on key interest rate at 14% gain ground

Most agents expect 50-basis-point hike this week 08/01/2022 Central Bank’s headquarters in Brasília — Foto: Jorge William/Agência O Globo The current monetary tightening cycle, now entering its 18th month, may be nearing its end. After a 1,125-basis-points hike in the key interest rate Selic and Central Bank’s messages that the magnitude of the tightening matters, […]

Órigo has R$1.5bn to expand solar power generation

R$460m investment comes on top of previous R$1bn injection 08/01/2022 Surya Mendonça — Foto: Silvia Zamboni/Valor Órigo Energia received an investment of R$460 million from the U.S. fund manager Augment Infrastructure with the objective of boosting distributed generation. The amount comes on top of another R$1 billion injection to reach an installed capacity of more […]

Nutrien foresees jump in sales in Brazil

Acquisition, organic growth boost company, whose sales totaled R$3bn in 2021 and may now reach R$8bn 07/29/2022 André Dias — Foto: Silvia Zamboni/Valor Nutrien’s acquisition of the fertilizer distribution network Casa do Adubo will boost the Canadian company’s growth in Brazil. The deal was announced last week and still depends on the antitrust regulator CADE’s […]