About Gelcy Bueno

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Entries by Gelcy Bueno

Central Bank explains inflation target burst in 2021

The COVID-19 pandemic, the increase in the global price of commodities (primary goods with international price quotation) and the water crisis were the main reasons that justify the failure to meet the inflation target in 2021, the president of the Central Bank Roberto Campos Neto said. Due to a legal order, he sent this Tuesday […]

Brazil expands data centers driven by demand from cloud giants

Given the increase in demand for cloud services and the expected improvement of the structure of Chinese providers in Brazil, companies specializing in building large data centers in the country, such as Ascenty, Equinix, Odata, Scala, say that 2021 was a year of high demand and 2022 will be no different. Besides the increase in […]

Drought in South region makes crop projections plunge

The drought in the South of Brazil, which has caused losses in crops in Paraná and Rio Grande do Sul, made the National Supply Company (Conab) on Tuesday to reduce its estimate for harvest of grains and fibers in 2021/22, to 284.39 million tonnes. Last month, when forecasts were positive, they were at 291.07 million […]

Ocean freights remain at record levels in Brazil driven by pandemic

After two years of pandemic, ocean freights remain at record levels in Brazil. On the one hand, the industry believes that prices in the short-term market have peaked and are unlikely to rise further. On the other hand, the persistence of the pandemic still generates a lot of uncertainty and makes forecasts difficult. In Brazil, […]

Votorantim-CPPIB deal values Cesp at R$9.1bn

The minority shareholders of Cesp, a São Paulo-based power generating company, managed to improve the conditions of the deal that will merge assets of Votorantim and the Canadian pension fund CPPIB. Led by Felipe Dutra, from the activist management firm Squadra, the independent committee set by Cesp to negotiate the deal recommended to the board […]

Investment in retail to stabilize, analysts point out

The investment scenario for retail this year is likely to remain stable in the face of a possible new slowdown in brick-and-mortar commerce, balanced by the development of ecommerce, say analysts with investment banks and rating agencies consulted by Valor. Market sources point out that the opening of new stores is related to heated consumption […]

Renewable power companies become acquisition targets

At least four renewable power companies are for sale in Brazil, attracting the interest of groups and asset management companies, including from overseas. The two main assets — Ibitu and Rio Energy — are valued at R$12 billion, according to sources. Other businesses on the block are Renova Energia, which divested projects in 2021 and […]

Companies unite for racial justice agenda

CEOs and senior executives of 47 companies from various segments have united with the goal of training 3 million afro-descendant professionals for the Brazilian market and taking 10,000 of them to leadership positions by 2030. The Movement for Racial Equity (Mover) started to be formed in 2020 and has the goal to accelerate racial inclusion […]

Analysis: XP’s acquisition of Modal can be a masterstroke

The acquisition of Banco Modal by XP Inc. brings to the financial group founded by Guilherme Benchimol R$30.4 billion in assets under custody, 501,400 active clients and a portfolio line of credit of R$606.8 million, data from the third-quarter results show. It may seem little for XP, which was already near R$800 billion under its […]