About Gelcy Bueno

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Entries by Gelcy Bueno

Uncertainty over interest rates jeopardizes further reductions in banking spreads

Gap between borrowing and lending rates hit 18.85 percentage points in May, marking the narrowest margin since July 2022 15/07/2024 Alessandra Ribeiro — Foto: Leonardo Rodrigues/Valor The banking spread in Brazil, the premium that financial institutions add to loans, has dipped to its lowest point in nearly two years. Yet, the fluctuating interest rate landscape […]

Brazil prepares to regulate hydrogen

National Petroleum Agency’s Director-General Rodolfo Saboia says regulator needs mandate; lack of resources could be an issue 12/07/2024 Rodolfo Saboia — Foto: Leo Pinheiro/Valor Brazil’s Petroleum Agency (ANP) is gearing up to regulate the hydrogen market, but according to the agency’s director-general, Rodolfo Saboia, a lack of resources could hinder this effort. Mr. Saboia mentioned Tuesday […]

Americanas scandal spurs scrutiny on executive bonus recovery

The accounting scandal at retail chain Americanas has intensified discussions around “clawback” policies for recouping bonuses and benefits previously awarded to executives. This practice is becoming increasingly common both in Brazil and the United States, particularly among Brazilian companies with ADRs listed on the American market, such as Ambev and Vale, which already implement such […]

Bill favors states indebted to federal government

Senate President Pacheco’s proposal alters indexation, freezes payments, and sets debt at R$700bn to be repaid over a span of 30 years 10/07/2024 Rodrigo Pacheco — Foto: Geraldo Magela/Agência Senado Brazilian Senate President Rodrigo Pacheco introduced on Tuesday (9) a supplementary bill proposing new guidelines for state debt repayment to the federal government. This legislative change, initiated […]

Vale’s 15-candidate shortlist for CEO excludes government nominees

Mining company to cut list to three by July’s end, with CEO appointment expected in August 07/10/2024 Vale’s board wants to turn the page and is looking for an executive who can lead the company’s growth process — Foto: Leo Pinheiro/Valor An initial shortlist of 15 potential candidates for Vale’s CEO position was made public Tuesday amidst […]

Auto parts industry calls for stricter regulation on imported items

Union says some imported assemblies with tariff benefits include parts available in Brazil 07/08/2024 Claudio Sahad — Foto: Silvia Zamboni/Valor The automakers’ attempts to bring forward the imposition of the maximum import tax rate on electric and hybrid cars gained support this week. Representatives of the auto parts industry raised their concerns with Vice President Geraldo Alckmin. The […]

Petrobras plans to take back fertilizer units leased to Unigel

Petrochemical company failed to pay $1bn natural gas supply contract, started arbitration against oil giant 07/08/2024 Unigel reactivated operations at the Sergipe and Bahia plants in 2021 with an investment of R$500m — Foto: Divulgação Petrobras plans to take over nitrogen fertilizer plants in Laranjeiras (Sergipe) and Camaçari (Bahia) leased to Unigel in 2020, Valor learned. The move aligns with […]

Weakened real, Brent pressure Petrobras to raise fuel prices

Company’s new CEO and CFO reiterated last week that they see no reason to change pricing policy 07/08/2024 For the Brazilian Association of Fuel Importers (ABICOM), Petrobras’s lag could increase if oil prices remain high — Foto: Hermes de Paula/Agência O Globo Despite the recent appreciation of the real and a relief in Brent oil prices on Friday, Petrobras’s fuel […]

Spending savings now could lead to higher prices later, economists say

Families have been sustaining activity, but analysts see a risk in depleting financial reserves 08/07/2024 Bruno Martins — Foto: Leo Pinheiro/Valor While the strength of Brazilian household consumption in 2024 has surprised even the most optimistic analysts, economists are trying to understand what is driving this phenomenon—whether it is income growth due to a tight labor market or the result of families […]