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 […]
Escalating conflicts involving Lebanon and Iran could increase shipping costs and affect trade routes for Brazilian exports 10/07/2024 One year after the extremist group Hamas attacked Israel, sparking the war in Gaza and fueling another wave of violence in the Middle East, Brazil’s agribusiness exports face a new challenge in the region. The rising tensions, […]
Polls predict strong right-wing momentum, re-election dominance, and a tight battle among major parties in key Brazilian capitals 10/04/2024 If the polls hold true, this year’s municipal election in Brazil is shaping up around three central issues: the electoral rise of the right-wing, a strong trend toward re-election, and the dominance of four political parties: […]
Economists say current account deficit is underestimated because of the use of digital currencies as payment methods 10/04/2024 The rapid outflow of U.S. dollars from Brazil due to purchases of crypto assets and sports betting, or “bets”, has caught the attention of economists and foreign exchange traders. Although it has not yet surpassed other capital […]
Government launches repatriation effort for Brazilians following Israel’s military offensive against Hezbollah 10/03/2024 Brazil’s Ministry of Foreign Affairs has decided to send a team to bolster the Brazilian embassy in Lebanon. This move comes as the government organizes an operation to repatriate Brazilians wishing to leave the country in the wake of Israel’s air and […]
Suspicions involve product sales between the group’s physical and digital divisions, expenses recorded outside actual periods 10/03/2024 The independent committee hired by Americanas to investigate the retailer’s financial discrepancies has discovered additional areas of concern within the company’s accounting practices. These suspicions include transactions between the physical and digital divisions of the group and expenses […]
Sports betting sites that have not registered will be taken down in the coming days 10/02/2024 The Ministry of Finance released on Tuesday a list of online betting companies authorized to operate in Brazil. Nationwide, 89 companies, owning 192 platforms, have applied for approval from the ministry to operate in the country and are thus […]
The new company, Reinvent, is the first in Brazil to blend human expertise with artificial intelligence, leveraging AI for operational and supporting functions 10/02/2024 Laio Santos, former CEO of brokerage firm Rico and ex-partner at XP Investimentos, is launching a wealth management firm targeting mid-ticket investors—those he believes are currently underserved by high-income segments of […]
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