Economists say current account deficit is underestimated because of the use of digital currencies as payment methods 10/04/2024 The rapid outflow of U.S. dollars from Brazil due to purchases of crypto assets and sports betting, or “bets”, has caught the attention of economists and foreign exchange traders. Although it has not yet surpassed other capital […]
Government launches repatriation effort for Brazilians following Israel’s military offensive against Hezbollah 10/03/2024 Brazil’s Ministry of Foreign Affairs has decided to send a team to bolster the Brazilian embassy in Lebanon. This move comes as the government organizes an operation to repatriate Brazilians wishing to leave the country in the wake of Israel’s air and […]
Suspicions involve product sales between the group’s physical and digital divisions, expenses recorded outside actual periods 10/03/2024 The independent committee hired by Americanas to investigate the retailer’s financial discrepancies has discovered additional areas of concern within the company’s accounting practices. These suspicions include transactions between the physical and digital divisions of the group and expenses […]
Sports betting sites that have not registered will be taken down in the coming days 10/02/2024 The Ministry of Finance released on Tuesday a list of online betting companies authorized to operate in Brazil. Nationwide, 89 companies, owning 192 platforms, have applied for approval from the ministry to operate in the country and are thus […]
The new company, Reinvent, is the first in Brazil to blend human expertise with artificial intelligence, leveraging AI for operational and supporting functions 10/02/2024 Laio Santos, former CEO of brokerage firm Rico and ex-partner at XP Investimentos, is launching a wealth management firm targeting mid-ticket investors—those he believes are currently underserved by high-income segments of […]
MURRAY ADVOGADOS
Belgian Company, controlled by France’s Avril, cut the deal for an undisclosed amount 10/01/2024 01:47 PM Atualizado 01/10/2024 Oleon, a Belgian subsidiary of the French group Avril and a global leader in natural-based oleochemicals, has finalized the purchase of Brazil’s A. Azevedo Oils, a prominent manufacturer of vegetable oils and its products—particularly those derived from castor […]
For asset managers, U.S. rate cuts and China’s stimulus package could lead to stock market recovery 10/01/2024 September felt like all of 2024 unfolded in a single month. It featured the expected rate cut by the U.S. Federal Reserve, a hike in Brazil’s Selic policy rate, and even stimulus measures for China’s economy. The renewed […]
While many firms refinanced debt during lower spreads, several sectors remain highly leveraged 10/01/2024 The ongoing Selic benchmark interest rate hike, which began in September, is expected to impact the financial performance of companies raising funds through the debt market, particularly those in highly leveraged sectors such as retail, car rentals, and healthcare. However, the […]
Credit rating agency says that if fiscal performance is weak during strong economic growth, it may deteriorate further during an unexpected slowdown 09/27/2024 Despite Brazil’s surprising economic growth this year, the country’s fiscal performance has been “weaker than anticipated,” maintaining high uncertainty regarding public finances, according to Fitch Ratings. “Economic outperformance may partly result from […]