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Entries by Gelcy Bueno

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 […]

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 […]