Bank is among investors who bought 10% of Bill Ackman’s firm, which, ahead of an IPO, is welcoming outside partners for the first time 06/04/2024 Bill Ackman — Foto: Jeenah Moon/Bloomberg Brazilian investment bank BTG Pactual is part of a consortium that acquired a 10% stake in Bill Ackman’s Pershing Square management company, according to […]
Itaú analysis reveals that low unemployment impacts more than just labor-intensive sectors 06/04/2024 Julia Gottlieb — Foto: Divulgação Brazil’s robust jobs market has driven consumer prices measured by IPCA, affecting the entire basket of goods and services, not just the labor-intensive ones. This finding comes from a study by Itaú Unibanco, indicating that wages will […]
MURRAY ADVOGADOS
Spanish owners allocate funds to clean balance sheet; group filed for reorganization 06/03/2024 DIA’s local operation has been in court-supervised reorganization since March — Foto: Claudio Belli/Valor The sale of the supermarket chain DIA’s operations in Brazil to Lyra II Fundo de Investimento em Participações (FIP) accelerated a month ago as the Spanish owners needed […]
Costs reflect increased processing and storage capacity, monetary authority says 06/03/2024 Leandro Vilain — Foto: Leonardo Rodrigues/Valor As the user base expands and new functionalities are incorporated, Pix— the Central Bank’s instant-payment system—represents increasing costs for the monetary authority, in terms of both maintenance and investment. While the instant payment system has significantly boosted financial […]
Tragedy highlights need for climate-conscious rebuilding efforts, according to company’s shareholder 06/03/2024 André Bier Gerdau Johannpeter — Foto: Silvia Zamboni/Valor Businessman André Bier Gerdau Johannpeter, continuously monitoring the recovery efforts in Rio Grande do Sul—recently devastated by the most significant flood in its history—is deeply involved in the post-disaster scenario in the birthplace of the […]
Kopi Kita considers buying 100,000 coffee bags from Brazil due to robusta shortage in Southeast Asia 05/31/2024 Kopi Kita, the largest coffee roaster in Indonesia, will purchase Brazilian conilon coffee for the first time, introducing the Brazilian variety to the Asian market. Indonesia, the fourth largest coffee producer, primarily grows robusta and exports to countries […]
Technical team of CADE discusses flight-sharing agreement with airlines 05/31/2024 Azul and Gol recently announced a flight-sharing agreement — Foto: Leo Pinheiro/Valor The technical team of the Administrative Council for Economic Defense (CADE) has been in contact with Azul and Gol, seeking information regarding the recently announced flight-sharing agreement, sources say. While the companies are […]
Lack of consensus at Monetary Policy Committee, fiscal concerns, change in Petrobras increase risk perception 05/31/2024 André Leite — Foto: Divulgação Investments linked to the Selic policy interest rate and CDI (the interbank deposit rate, used as an investment benchmark in Brazil) remain the main highlights in 2024. A month before the end of the […]
If the operation proves viable, the fund’s investments in the country could reach R$1.5bn 05/29/2024 Paulo Castellari — Foto: Gabriel Reis/Valor Appian Capital, a British investment fund focused on mining projects, is investing an additional R$350 million in Brazil to enable graphite exploration. Considered a critical mineral, graphite is essential for battery production, with 70% […]