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Entries by Gelcy Bueno

September sees 0.44% rise in consumer prices, falling short of expectations

12-month inflation climbs 4.42%, according to IBGE data 10/09/2024 Brazil’s official inflation rate, tracked by the Broad Consumer Price Index (IPCA), increased to 0.44% in September, following a 0.02% drop in August. In September 2023, the IPCA recorded a 0.26% rise. These figures were released on Wednesday by the Brazilian Institute of Geography and Statistics […]

Fiscal risk pushes real market interest rates close to 7%

Medium-term NTN-B rates surpass 6.7% amid uncertainty and Selic tightening cycle 10/09/2024 Growing distrust in fiscal policy, combined with the beginning of the monetary tightening cycle, has led to a sharp rise in real market interest rates, reflected in B-Series National Treasury Notes (NTN-Bs)—Brazil’s inflation-indexed bonds—which are now nearing the psychological 7% mark for some […]

Publicis revenue grows by 14% in Brazil

Profit is expected to rise nearly 20% this year, driven by a growing client base and a unified structure for the group’s 10 companies 10/08/2024 As one of the largest advertising and marketing groups globally, Publicis is seeing expanding revenue and profit in Brazil. Business trends indicate a 14% increase in revenue and an almost […]

Banks count on foreign investors for Brazil’s IPO revival in 2025

Rate cuts in the U.S. expected to boost appetite for risk in emerging markets, focusing on liquid stocks 10/08/2024 Three years after the last wave of initial public offerings in Brazil, investment banks have been meeting with privately held companies and potential candidates to re-enter the market starting in 2025, when the long drought of […]

Center is bigger than right and left, PSD chief says

Gilberto Kassab, president of the Social Democratic Party (PSD), believes that Governor Tarcísio de Freitas of São Paulo was the most influential political supporter in the state’s capital 10/08/2024 Gilberto Kassab, national president of the Social Democratic Party (PSD) and São Paulo’s secretary of government, celebrated his party’s success in this year’s elections, winning 878 […]

Braskem to issue 10-year bonds, buy back notes due in 2081

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 […]

Agribusiness faces logistical challenges amid Middle East tensions

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, […]

Right-wing surge, re-election trend shape Brazil’s 2024 local races

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: […]

Dollar outflows from bets, crypto put pressure on Brazil’s real

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 […]