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Entries by Gelcy Bueno

SPIC to invest R$780m in new wind farm

New complex in Rio Grande do Norte announced amid slowdown in projects, oversupply caused by subsidies, and generation cuts 06/05/2024 Adriana Waltrick — Foto: Ana Paula Paiva/Valor Amidst a standstill in the Brazilian wind energy sector due to a crisis that hampers new projects from getting off the ground, SPIC Brasil, a subsidiary of China’s […]

Q1 GDP outperforms, surges by 0.8%, but future remains uncertain

Financial tightening and impacts of Rio Grande do Sul’s floods pose significant uncertainties for the year’s outlook 06/05/2024 Domestic absorption, which includes household consumption, investments, and government spending, rose by 1.6% in the first quarter — Foto: Maria Isabel Oliveira/Agência O Globo Brazil’s GDP showcased robust growth in the first quarter of 2024, rebounding from […]

Rapporteur removes tax on international purchases from bill

Rodrigo Cunha’s decision creates rifts among senators and draws criticism from Lower House Speaker Arthur Lira 06/05/2024 Senator Rodrigo Cunha — Foto: Waldemir Barreto/Agência Senado In a move that caught the government by surprise, Senator Rodrigo Cunha, the rapporteur of the bill establishing the Green Mobility and Innovation Program (Mover), removed the 20% tax on […]

Mercado Pago sheds stealth mode, boosts communication

After expanding product offerings, digital bank will also accelerate lending 04/06/2024 André Chaves — Foto: Rogério Vieira/Valor Mercado Pago has spent the past few years expanding its product offerings to complete its transition from a payments company to a digital bank. Now, the company believes it is time to “come out of hiding,” said André […]

BTG buys stake in Pershing Square; Brazilian appointed to board

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 […]

Robust jobs market exerts broad pressure on inflation

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 […]

DIA pays to divest from operations in Brazil

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 grow for Central Bank as Pix expands financial inclusion

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 […]

Floods: Reconstruction must consider climate challenges, says Johannpeter

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 […]