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Entries by Gelcy Bueno

Fonplata to double capital, attract partners

Spain, Colombia, Portugal, and the United Arab Emirates are interested in joining Southern Cone bank, CEO says 02/06/2024 Luciana Botafogo — Foto: Wenderson Araujo/Valor Fonplata—a development bank by Brazil, Argentina, Bolivia, Paraguay, and Uruguay—plans to double its authorized capital and seek new partners to leverage its credit portfolio and, as a consequence, expand investments in […]

Brazilian export volume balances price decline

Record quantity offsets 6.3% price drop, generates 1.7% revenue gain 02/06/2024 Lia Valls — Foto: Leo Pinheiro/Valor In the midst of falling prices, the increase in exported quantity led to a rise in Brazil’s export revenue in 2023, contributing to a historic trade surplus. Export volume hit a record high last year, continuing a trend […]

Banco do Brasil, Bradesco decide to delist Cielo

The long-awaited move was also made by rival banks 02/06/2024 Cielo repeats move made by other major banks with their card acquirers — Foto: Divulgação Banco do Brasil and Bradesco, Cielo’s controlling shareholders, have decided to make a takeover bid to take the credit card company off the stock exchange. The move, which had been […]

Eneva, Scania, Virtu plan to decarbonize road transportation

The idea is to promote delivery of goods by trucks powered by liquefied natural gas 02/05/2024 Lino Cançado — Foto: Divulgação Eneva, Scania, and Virtu GNL have entered into a partnership to decarbonize road transportation in Brazil. The idea is to promote the delivery of goods by trucks powered by liquefied natural gas (LNG). The […]

Restrictions on tax-exempt bonds could affect credit for agribusiness

This is the assessment of experts such as Renato Buranello, president of the Brazilian Institute of Agribusiness Law 02/05/2024 The changes made to the rules governing the issuance of Agribusiness Receivables Certificates (CRAs) and Agricultural Credit Bills (LCAs) could have a “negative impact” on the development of the capital market as a source of financing […]

Supreme Court ruling against leniency agreement opens precedent

Justice Dias Toffoli’s order allows renegotiation of Odebrecht’s fines, opens way for similar demands by other companies 02/02/2024 Dias Toffoli — Foto: Fellipe Sampaio/SCO/STF The suspension of the payments of fines within the leniency agreement that contractor Odebrecht—renamed Novonor—signed with the Federal Prosecution Service (MPF) in 2016 as part of the anticorruption task force Car […]

Deforestation in the Cerrado biome threatens medicinal plants

Destruction of native forest in the biome harms traditional communities, who depend on these resources to survive 02/02/2024 Lucely Pio — Foto: Katarina Silva /WWF-Brasil Some of the medicinal plant species used by the Xakriabá indigenous people, from the north of Minas Gerais, no longer exist. They have disappeared as a result of the advance […]

Brazil restricts issuance of tax-exempt bonds

The measure also covers agribusiness bonds and other real estate securities; the decision was made at a special meeting 02/02/2024 Finance Minister Fernando Haddad is a member of CMN — Foto: Marcelo Camargo/Agência Brasil The National Monetary Council (CMN) announced Thursday (1), after a special meeting, a series of limitations on the issuance of tax-exempt […]

Approval of Minerva-Marfrig deal could take longer than expected

Antitrust watchdog CADE says acquisition of assets is not simple, requires more time for analysis 02/01/2024 The approval—or not—of the acquisition of Marfrig’s beef assets by Minerva Foods should take longer than the companies had previously expected. The companies submitted the deal to the Administrative Council for Economic Defense (CADE) on September 27, 2023, when […]