About Gelcy Bueno

This author has not written his bio yet.
But we are proud to say that Gelcy Bueno contributed 6833 entries already.

Entries by Gelcy Bueno

Red-hot sanitation market taps tax-exempt bonds

The advance of basic sanitation, a red-hot market since a new legal framework came into effect about two years ago, has been increasingly financed by private-sector funds – and not only in those places that auctioned water and sewage services. The use of tax-exempt infrastructure bonds to finance projects in the industry is growing rapidly […]

Healthcare groups lose profit margin

The 14 publicly traded healthcare companies — hospitals, diagnostic medicine laboratories, and health insurance companies — had a loss in profitability in the first quarter, when compared to the same period last year. The earnings reports were impacted by the macroeconomic environment, which led to more cancellations of health insurance plans, and by the wave […]

BR Properties sells assets to Brookfield to get back in the black

Martin Andres Jaco — Foto: Claudio Belli/Valor BR Properties agreed to sell 12 business buildings and two plots of land to Brookfield. The deal signed Wednesday is expected to generate a net result of R$5.5 billion, the company’s chief financial officer André Bergstein said. The amount will be set aside for prepayment of debts –BR […]

Electricity bill reduction is new test for minister

Having passed the crucial stage of Eletrobras’s privatization, which was approved by the Federal Court of Accounts (TCU), Mines and Energy Minister Adolfo Sachsida will now negotiate a proposal to reduce electricity bills, which is under negotiation with Congress, and debate the use of public money for gas pipelines. The minister did not reply to […]

Russia became fifth-largest exporter to Brazil despite war

The Brazilian imports of Russian products accelerated at the beginning of this year at a much faster pace than the total of foreign purchases. As a consequence, the Russians, despite being at war with Ukraine, have climbed up the ranks and became, from January to April, the fifth-largest exporter to Brazil. In the same period […]

Petrobras mulls investing in offshore wind power

Offshore wind power generation is one alternative studied by Petrobras in the long run, considering the energy transition context, CEO José Mauro Coelho said. “Offshore wind power has great potential in Brazil and synergies with Petrobras’s operations. This is one alternative under study. There are others,” he said. In an event about the global carbon […]

Reversal of monetary tightening depends on data, Central Bank says

Bruno Serra — Foto: Carol Carquejeiro/Valor Bruno Serra Fernandes, the Central Bank’s director of monetary policy, said Wednesday that the outlook is becoming more positive for inflation, but does not yet allow one to glimpse the beginning of the reversal of the monetary tightening cycle. According to him, the cycle seems to be coming to […]

Court of Accounts greenlights privatization of Eletrobras

Aroldo Cedraz — Foto: Fabio Rodrigues Pozzebom/Agência Brasil After almost five hours of speeches, the Federal Court of Accounts (TCU) passed in a floor vote Wednesday the government project for the privatization of state-run power utility Eletrobras. The majority of the TCU members followed the opinion of the rapporteur, Aroldo Cedraz, defeating TCU member Vital […]

Retailers see stronger sales of durable goods in April, May

Despite the difficult phase faced by retailers of durable and semidurable goods since last year, there are signs that April and May may have been better than the first quarter, which has made asset managers and executives more hopeful about a change in the consumer environment after the second half of the year. This started […]

Privatizing Petrobras would not ensure lower prices, experts say

The proposal to privatize Petrobras, announced by Mines and Energy Minister Adolfo Sachsida, would not ensure lower fuel prices in Brazil. That’s what Marcus D’Elia, a partner at Leggio Consultoria, and José Luiz Alquéres, advisor of the Brazilian Center for International Relations (Cebri) and former CEO of Eletrobras and Light, said in Tuesday’s live-streamed interview […]