Gelcy Bueno

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Entries by Gelcy Bueno

Human Rights Watch warns about Bolsonaro, ViajaNet on the block, cruise lines extend suspension, MSC takes over Log-in

Human Rights Watch criticizes Bolsonaro International human rights watchdog Human Rights Watch says in a report released Thursday that President Jair Bolsonaro threatens “the pillars of democracy in Brazil by attempting to undermine confidence in the electoral system, freedom of expression, and the independence of the judiciary.” The document says this year’s elections will test […]

14 de January de 2022 by

Services sector shows positive results in November

With an increase of 2.4% compared to October, the volume of the services sector surprised positively in November. The good news, however, should be viewed with caution, economists point out. In addition to having been preceded by declines in the previous two months, the November expansion was driven by segments that have presented volatile performances. […]

14 de January de 2022 by

As Brazilian exports grow, China grabs larger share

Brazilian exports grew 34% year over year in value in 2021, more than offsetting the 5% loss reported in the previous year. The growth led to a record shipment of $280.6 billion last year, but had uneven distribution by destinations. The increase in shipments was almost all directed to China, which grabbed a larger share […]

14 de January de 2022 by

Itaú buys broker to speed up retail expansion

Until the beginning of October last year, Itaú was forbidden by the Central Bank of Brazil to make new acquisitions in the investment segment, due to its agreement with asset management firm XP. Once the separation between the two companies was concluded, this interdiction no longer existed and Itaú unveiled Thursday the purchase of Ideal, […]

14 de January de 2022 by

Brazilian firms raised record amount in 2021, Embraer sells subsidiaries in Portugal, Via buys logistics startup

Brazilian companies raised R$596bn in domestic capital market in 2021, an all-time high The Brazilian capital market had a landmark year. Companies in the country raised R$596 billion in 2021 considering equity, bonds and hybrid instruments, up 60% year over year and the highest amount since records began, said Anbima, the association of securities firms. […]

13 de January de 2022 by

Brazil to adopt unilateral retaliation in foreign trade

The Brazilian government will use an arsenal to apply unilateral retaliation against countries that were convicted of illegal measures on Brazilian exports, but use tricks to maintain restrictions, Valor has learned. A provisional measure already approved in ministerial meetings, and currently in the Chief of Staff Office, authorizes the federal government to retaliate proportionally and […]

13 de January de 2022 by

E-commerce platforms pass on costs to customers

The rise in interest rates, the increase in logistics costs and the need for companies to recover some profitability have led Brazilian online marketplaces to raise prices. On such e-commerce platforms, product or service information is provided by multiple third parties, and they charge for the services they offer. They have already reported there was […]

13 de January de 2022 by

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 […]

12 de January de 2022 by

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 […]

12 de January de 2022 by