The country’s steel industry ended 2021 with strong growth in volume of crude steel produced, domestic sales and apparent consumption, as expected, despite the sharp deceleration of indicators in the last month of the year. The data are from the Instituto Aço Brasil, which represents steelmakers. In a year marked by strong domestic demand until […]
The five asset managers that gained the most clients in 2021 together attracted almost 1.6 million new shareholders to their investment funds. Three of them are “independent” and two are linked to large banks. XP Allocation Asset Management, linked to XP, was the one that gained the most clients, with 478,700 new members. Then comes […]
The Asian Infrastructure Investment Bank (AIIB) approved its first credit operation for Brazil, in the amount of $100 million for the Minas Gerais Development Bank (BDMG). This comes four months after Brazil became an effective partner in this China-led, Beijing-based multilateral development bank. The funds are expected to be available to BDMG in three tranches […]
Pátria Investimentos fund closed an agreement to purchase the hydroelectric plants of British company ContourGlobal in Brazil for $313 million, including debt – Pátria will pay $162 million. The assets traded have an installed capacity of 168 megawatts (MW). The deal, expected to be completed in the second quarter, was a first step in ContourGlobal’s […]
As a child, Juliana Coelho liked numbers. For this reason, she decided to study engineering. She chose a specialization in chemistry because she knew that an engineer’s chances of launching a career in the state of Pernambuco were limited to the petrochemical complex. But when she reached the end of her penultimate year of college, […]
The government of Minas Gerais unveils this Friday the public notice of the public-private partnership of the so-called Rodoanel de Belo Horizonte. It is an ambitious project to build from scratch a 100-kilometer beltway around the state’s capital city. The project will require investments of R$5 billion, of which R$3 billion will come from the […]
The companies that tapped the capital markets to issue debt in 2021 taking advantage of the very low Selic rate will see their costs with interest expenses almost double in 2022. This is because, of the R$250 billion of funds raised last year through bond issues, 76% are pegged to the interbank deposit rate (CDI). […]
Democratic activist Elizabeth Bagley was appointed by President Joe Biden on Wednesday as the new U.S. ambassador to Brazil. She still needs approval of the U.S. Senate to take over as head of mission. Currently the owner of a telecommunications company in Arizona, Ms. Bagley specializes in international law and has a long history of […]
The pandemic has not halted the trend of growth in the number of organic food consumers in Brazil. Even with all the logistical and income challenges imposed by Covid-19, more people have started to resort to pesticide-free products in the country, and most of them have either maintained or increased their purchases in the last […]
Close to a pre-IPO private round, fintech Creditas has already started the process for listing on a stock exchange in the U.S. The company estimates in talks a debut valuation between $7 billion and $10 billion, sources say. There is a possibility that the offer will occur at the end of the second quarter – […]