Gelcy Bueno

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Entries by Gelcy Bueno

Brazil’s Federal Police details billion-dollar fraud scheme at Americanas

Operation in Rio targets former executives for alleged fictitious accounting within the retail chain 06/28/2024 Financial figures were reportedly manipulated when Americanas failed to meet the targets anticipated by bank analysts — Foto: Domingos Peixoto/Agência O Globo Information compiled by the Federal Public Prosecutor’s Office and the Federal Police, which underpinned Thursday’s (27) operation against 14 former executives […]

28 de June de 2024 by

Brazil slips in emerging market stock offerings

Lack of IPOs and minimal activity sees Brazil fall from 3rd to 7th in rankings dominated by India and China 06/24/2024 Hans Lin — Foto: Carol Carquejeiro/Valor The sluggish activity in the Brazilian equities market has caused Brazil to drop positions in the ranking of emerging countries. According to data from Dealogic, Brazilian companies have […]

24 de June de 2024 by

Brazilian fintechs bet on expanding to Mexico

Mexican market experiences a boom, attracts Brazilian firms’ investments 06/24/2024 Nubank’s Cristina Junqueira — Foto: Carol Carquejeiro/Valor Brazilian fintechs—and even traditional banks—are betting on expanding operations to Mexico. Latin America’s second-largest economy is an obvious destination given its market size, but there are other factors behind the bet. Mexico has benefited from the U.S. strategy of nearshoring (relocating […]

24 de June de 2024 by

Cost of Selic interest rate for companies reaches R$78bn

Amount is more than double Vale’s investment per year; businesspeople criticize Central Bank 06/21/2024 Ricardo Nunes — Foto: Leo Pinheiro/Valor Maintaining the Selic policy interest rate at 10.5% per year for as long as necessary to reduce inflation, as indicated by the Central Bank on Wednesday (19), would cost companies billions of reais and could […]

21 de June de 2024 by

Health sector faces structural changes amid rising costs

Regulatory, demographic, economic shifts trigger transformations in a market worth over R$300bn 06/21/2024 Fernando Torelly — Foto: Silvia Zamboni/Valor Since the pandemic, the health sector has undergone significant changes involving regulatory, demographic, and economic-financial issues, leading to structural transformations in a more than R$300 billion market. These changes are directly related to the soaring cost […]

21 de June de 2024 by

After government measures, steel companies revise projections

Estimates for steel imports shift to a 7% decrease from a 20% increase 06/20/2024 Jefferson De Paula — Foto: Nilani Goettems/Valor The federal government’s decision to establish quotas for the import of 11 types of steel products, with a 25% tariff on surplus volume, is expected to bring moderate improvements to the Brazilian steel industry […]

20 de June de 2024 by

CBMM advances in niobium batteries, equips new Volkswagen bus

Key advantage of niobium oxide use is ultra-fast charging 06/20/2024 Collaboration has resulted in the e-Bus, a new electric bus equipped with niobium-lithium batteries — Foto: Divulgação One of the major challenges in the electrification of urban mobility is reducing vehicle recharge times. In many cases, batteries require hours to recharge, and for buses and […]

20 de June de 2024 by

Embraer strategizes for U.S. market growth

Company sees expansion potential in commercial, business, and military aircraft 06/20/2024 Brazilian plane maker is exploring mergers or acquisitions to gain a foothold in the defense sector with the military C-390 aircraft — Foto: Divulgação Embraer is ramping up efforts to expand its presence in the United States. The plane maker’s strategies include increasing sales […]

20 de June de 2024 by

Central Bank holds interest rate at 10.5% despite Lula’s critique

Monetary Policy Committee remains non-committal on future rate decisions 06/20/2024 Roberto Campos Neto — Foto: Fabio Rodrigues-Pozzebom/Agência Brasil In a unanimous decision, following criticism from President Lula, the Monetary Policy Committee (COPOM) paused its recent series of interest rate cuts and maintained the Selic rate (Brazil’s benchmark interest rate) at 10.5% per annum. This decision, halting the reduction […]

20 de June de 2024 by

Cimed in final talks to acquire Jequiti

Acquisition of Grupo Silvio Santos’s brand to open new business vertical for Marques family’s pharmaceutical company 06/19/2024 Cimed has accelerated acquisitions towards the goal of reaching R$5 billion in sales — Foto: Divulgação The final touches are being put on the deal between Grupo Silvio Santos and Cimed for the sale of Jequiti to the […]

19 de June de 2024 by