About Gelcy Bueno

This author has not written his bio yet.
But we are proud to say that Gelcy Bueno contributed 6456 entries already.

Entries by Gelcy Bueno

CEO resigns as retail giant Americanas unveils R$20bn ‘inconsistencies’

Findings affect indicators like leverage ratio, net equity 01/12/2023 CEO Sergio Rial and CFO André Covre resigned after inconsistencies were found in one of Brazil’s largest retail chains — Foto: Brenno Carvalho/Agência O Globo Retail giant Americanas revealed on Wednesday that it found “inconsistencies” in the funding of its suppliers in previous years, including 2022, […]

Didi’s ride-hailing service 99 begins layoffs in Brazil

Company, which started process on Tuesday, has not informed how many people will be dismissed 01/11/2023 Layoffs involve only Brazil; company started process on Tuesday — Foto: Divulgação The wave of layoffs in technology companies has reached Didi’s Brazilian mobility service 99. The company, which started the process on Tuesday, has not said how many […]

Climate change is greatest risk to agribusiness, survey shows

Infrastructure hurdles are second greatest risk; low-carbon agriculture comes in third place 01/11/2023 An EY survey with agribusiness executives in Brazil, Argentina, and Chile showed that climate change and its short and long-term impacts are the main risks they see for their businesses. The study listed the top ten risks and opportunities that agribusiness executives […]

Inflation slows down to 5.8% in 2022

Last months were marked by consistent deceleration of price hikes 10/01/2023 Inflation has surprised once again to the upside at the end of 2022, raising the full result for the year. The benchmark inflation index IPCA rose by 0.62% in December, above the 0.61% ceiling of the projections gathered by Valor Data — the median […]

Sabesp privatization may resemble “Eletrobras model”

Peculiarities of the sanitation sector, however, will require a negotiation with the municipalities 01/09/2023 Natália Resende — Foto: Silvia Costanti / Valor. The São Paulo state government will study the privatization of water and waste management state-run company Sabesp in the same way as was done for Eletrobras — considering the peculiarities of the sanitation […]

Foreigners increase caution with local assets

Foreign banks show signs of concern with directions pointed by new government 01/09/2023 After the noises emitted by the new government provoked days of high tension among local market players, foreign banks have now started to send messages of greater caution with the directions indicated by the Lula administration, worsening their projections for the trajectory […]

China hints free trade deal with Mercosur

If unsuccessful with bloc, negotiation can be individual 01/09/2023 China says it is ready to negotiate a free trade agreement with Mercosur or separately with any partner of the bloc. It is an issue of impact that is unlikely to be left out of the visit that President Luiz Inácio Lula da Silva (Workers’ Party, […]

Coffee prices may face volatility amid unknown harvest figures

Brazil’s next harvest is expected to be “normal” compared to the last two, which were seriously affected by the weather, experts say 01/05/2023 Brazil is in the off-season of a smaller production cycle, and the next one is not expected to be a “super-crop” — Foto: Silvia Zamboni/Valor With divergent estimates, the real size of […]

Brazil-China trade relations may grow with less red tape, diplomat says

After investing heavily in energy sector, China’s next target may be electrified railroads, says Luiz Augusto de Castro Neves, a former ambassador in China 01/05/2023 Divulgação — Foto: Luiz Augusto de Castro Neves Brazil’s relations with China, its largest trading partner, could gain new steam if the Lula administration puts in place measures to cut […]