The median estimate from 26 consultancies and financial institutions surveyed by Valor Data expected a 0.6% decline in the period 11/10/2024 Core retail sales volumes dropped 0.3% in August compared to July, in seasonally adjusted terms, according to the Monthly Survey of Trade (PMC) released by the Brazilian Institute of Geography and Statistics (IBGE) on […]
Capital flight from Brazil has not yet impacted local currency significantly, but it is restricting gains 10/11/2024 U.S. dollar outflows from Brazil through the country’s financial account totaled $52.4 billion between January and September, marking the second-largest outflow for the period in history. The negative financial flow this year is on track to become the […]
AGU is requesting information on measures taken to manage gambling and betting ads directed at minors 10/09/2024 Brazil’s Attorney General’s Office (AGU) has issued an extrajudicial notice to YouTube, TikTok, Kwai, and Meta (including Instagram and Facebook). The notice seeks information on the steps being taken to manage advertising related to gambling or betting that […]
12-month inflation climbs 4.42%, according to IBGE data 10/09/2024 Brazil’s official inflation rate, tracked by the Broad Consumer Price Index (IPCA), increased to 0.44% in September, following a 0.02% drop in August. In September 2023, the IPCA recorded a 0.26% rise. These figures were released on Wednesday by the Brazilian Institute of Geography and Statistics […]
Medium-term NTN-B rates surpass 6.7% amid uncertainty and Selic tightening cycle 10/09/2024 Growing distrust in fiscal policy, combined with the beginning of the monetary tightening cycle, has led to a sharp rise in real market interest rates, reflected in B-Series National Treasury Notes (NTN-Bs)—Brazil’s inflation-indexed bonds—which are now nearing the psychological 7% mark for some […]
Profit is expected to rise nearly 20% this year, driven by a growing client base and a unified structure for the group’s 10 companies 10/08/2024 As one of the largest advertising and marketing groups globally, Publicis is seeing expanding revenue and profit in Brazil. Business trends indicate a 14% increase in revenue and an almost […]
Rate cuts in the U.S. expected to boost appetite for risk in emerging markets, focusing on liquid stocks 10/08/2024 Three years after the last wave of initial public offerings in Brazil, investment banks have been meeting with privately held companies and potential candidates to re-enter the market starting in 2025, when the long drought of […]
Gilberto Kassab, president of the Social Democratic Party (PSD), believes that Governor Tarcísio de Freitas of São Paulo was the most influential political supporter in the state’s capital 10/08/2024 Gilberto Kassab, national president of the Social Democratic Party (PSD) and São Paulo’s secretary of government, celebrated his party’s success in this year’s elections, winning 878 […]
The partners are clashing over management and control of the pulp producer in two ICC arbitrations and one at B3’s CAM, alongside ongoing litigation in regular courts 10/07/2024 A third arbitration in the Eldorado case, held in secrecy, has ordered the pulp producer to pay its shareholders, J&F Investimentos and Paper Excellence, the minimum mandatory […]
Petrochemical company began investor meetings 10/07/2024 Braskem has commenced a series of investor meetings on Monday to issue 10-year debt securities abroad. The company is also launching a buyback program for bonds issued in 2020 that are set to mature in 2081. This issuance represents the longest-term debt for the company. The offering is being […]