CEO Milton Maluhy Filho says projections could improve if macro conditions exceed expectations, while analysts view bank’s outlook as conservative 02/07/2025 After another year of record results in 2024, Itaú Unibanco, Brazil’s largest private bank, released a conservative guidance for 2025, according to market analysts. Itaú CEO Milton Maluhy Filho emphasized on Thursday (6) that […]
Fewer Brazilians are in debt or behind on payments, but more income is going toward loan repayments, according to trade association CNC 02/07/2025 The share of indebted and delinquent consumers declined in January, according to the Consumer Debt and Delinquency Survey by the National Confederation of Commerce of Goods, Services, and Tourism (CNC). However, the […]
Block trade seen as likely option over share offering 02/07/2025 Carrefour Brasil reported net income of R$221m in the third quarter of 2024, up 67.4% year over year Península, the investment vehicle of the Diniz family, is in talks with banks to sell its 7.3% stake in Carrefour Brasil but has yet to select a […]
The plan was one of the conditions for the environmental agency to proceed with the analysis of the company’s request for a license to explore oil in the Amazon River mouth 02/06/2025 Ivan Werneck Bassères, the coordinator of environmental licensing for oil and gas exploration at the environmental protection agency IBAMA, has requested that the […]
The plan was one of the conditions for the environmental agency to proceed with the analysis of the company’s request for a license to explore oil in the Amazon River mouth 02/06/2025 12:56 PM Updated uma hora Ivan Werneck Bassères, the coordinator of environmental licensing for oil and gas exploration at the environmental protection agency IBAMA, […]
Todd Martinez, co-head of sovereign ratings for Latin America, sees fiscal uncertainty for Brazil in the medium term 02/06/2025 Fitch Ratings deems it unlikely that Brazil will regain its investment-grade status during the current government. Restoring the “good payer” status entails more than just meeting the targets of the current fiscal framework, according to Todd […]
Shares traded the highest volume on B3 stock exchange, surpassing Itaú, Vale 02/06/2025 Embraer announced to the market on Wednesday (5) that it has signed an agreement with Flexjet—a U.S.-based company focused on leasing and sharing private aircraft—to sell 182 executive jets, along with 30 options. The deal is valued at $7 billion. The agreement […]
Governors raise general tax rate in an effort to recover revenue losses 02/03/2025 The movement to increase the general rate of the sales tax ICMS, Brazil’s main consumption tax, is not yet over. The average tax rate, which was 17.61% in 2022, is set to rise to 19.24% by 2025. This calculation includes all 26 […]
Negotiations are in early stages, with assets valued at R$1.6bn to R$1.8bn 02/03/2025 Portuguese energy group EDP has put two major solar farms in São Paulo State up for sale, according to sources consulted by Valor. Negotiations are still in the early stages, and the assets are valued by the market at between R$1.6 billion […]
Macroeconomic outlook for 2025 signals slowdown in loans and rising default rates 02/03/2025 The earnings season for Brazil’s major banks in the fourth quarter of 2024 is expected to reflect what analysts are calling “the last rays of sunset.” In other words, the numbers from October to December are likely to be positive, with rising […]