Gelcy Bueno

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Entries by Gelcy Bueno

Companies in crisis lure buyers offering symbolic payments, debt relief

Specialist managers increase transactions involving problematic assets 08/07/2024 Renato Azevedo — Foto: Gabriel Reis/Valor Companies facing financial distress and undergoing restructuring are increasingly being sold for nominal amounts, with buyers assuming the existing debts. A notable instance is the sale of the retailer DIA for €100 during its court-supervised reorganization process. Initially, the Spanish group attempted to divest the asset before […]

7 de August de 2024 by

Analysis: Central Bank indicates that rate hike is on the table

Meeting minutes reveal a more conservative stance than initial analyst interpretation 08/07/2024 Minutes from last week’s meeting state that Central Bank’s decision in September will depend on the economic developments until then — Foto: Divulgação/BCB The Central Bank of Brazil’s Monetary Policy Committee (COPOM) has indicated the possibility of a rate hike at its next meeting in September, while […]

7 de August de 2024 by

Recession fears spark risk aversion

While services data offers relief, concerns about the U.S. economy persist 08/06/2024 Ruy Alves — Foto: Leo Pinheiro/Valor Global markets plunged into panic amid mounting fears of a U.S. recession in Monday’s trading session. Risk aversion gripped investors from the early hours, starting with Japan’s stock market experiencing its second-worst day ever and continuing across global stock markets throughout the […]

6 de August de 2024 by

Highway auctions to generate investments of R$32bn

Market expects the five scheduled auctions to attract at least one offer each 08/06/2024 Viviane Esse — Foto: Gesival Nogueira Kebec/Valor The highway concessions segment will see a series of large auctions in the second half of the year. At least five tenders by the São Paulo state and the federal government are planned and could total R$32.3 billion […]

6 de August de 2024 by

Flying car gains traction with 830 orders

Regulatory certification pending, vertical and take-off landing vehicle eVTOL promises lower emissions and reduced costs, eyeing competition with helicopters 08/06/2024 Vertical take-off and landing vehicles—eVTOLs, also known as flying cars—attracted 830 orders — Foto: Divulgação Currently undergoing certification with regulatory agencies, the future vertical take-off and landing vehicles—eVTOLs, also known as flying cars—attracted 830 orders from […]

6 de August de 2024 by

Central Bank “won’t hesitate” to raise rates if necessary

In minutes of last meeting, Monetary Policy Committee members stated that domestic and international conditions require even greater caution in conducting monetary policy 06/08/2024 Central Bank’s building in Brasília — Foto: Raphael Ribeiro/BCB Central Bank’s Monetary Policy Committee reported in minutes released this Tuesday that its members agreed “that there are more upward risks for inflation, […]

6 de August de 2024 by

Unigel raises tone against Petrobras after court decision

Public spending watchdog sees wrongdoings in tolling contract 08/02/2024 Roberto Noronha Santos — Foto: Silvia Zamboni/Valor The discussions between Unigel and Petrobras around the natural gas used as raw material in the fertilizer factories leased by the petrochemical company took on a new shape. In a report dated Wednesday (31), the Federal Court of Accounts (TCU) concluded that there […]

2 de August de 2024 by

Market shows mixed reactions to Central Bank’s policy decision

Short-term interest rates dip amid balanced communication; long-term rates rise on external pressures and risk premium demands 02/08/2024 Denis Ferrari — Foto: Rogerio Vieira/Valor The reception of local agents to the Central Bank’s Monetary Policy Committee (COPOM) decision was mixed. While some of the market bet on and chose to see a harsher tone in the monetary […]

2 de August de 2024 by

Supreme Court to decide on tax cases impacting public finances by R$712bn

Key case this month addresses the exclusion of ISS from PIS/Cofins calculations 02/08/2024 Saul Tourinho — Foto: Divulgação At least 32 critical tax cases against the federal government, states, and municipalities, with a combined estimated impact of R$712 billion on public finances, are currently pending before Brazil’s Supreme Court. Three of these cases are scheduled for this month, […]

2 de August de 2024 by