Goal is to grow in retail, serving medium and large clients 06/06/2024 Auren, a power utility created from the reorganization of assets of the Votorantim group and Canada-based fund CPP Investments, announced the acquisition of Esfera, which operates in electricity management. With the deal, the company expects to boost the sale of electricity in the […]
New complex in Rio Grande do Norte announced amid slowdown in projects, oversupply caused by subsidies, and generation cuts 06/05/2024 Adriana Waltrick — Foto: Ana Paula Paiva/Valor Amidst a standstill in the Brazilian wind energy sector due to a crisis that hampers new projects from getting off the ground, SPIC Brasil, a subsidiary of China’s […]
Financial tightening and impacts of Rio Grande do Sul’s floods pose significant uncertainties for the year’s outlook 06/05/2024 Domestic absorption, which includes household consumption, investments, and government spending, rose by 1.6% in the first quarter — Foto: Maria Isabel Oliveira/Agência O Globo Brazil’s GDP showcased robust growth in the first quarter of 2024, rebounding from […]
Rodrigo Cunha’s decision creates rifts among senators and draws criticism from Lower House Speaker Arthur Lira 06/05/2024 Senator Rodrigo Cunha — Foto: Waldemir Barreto/Agência Senado In a move that caught the government by surprise, Senator Rodrigo Cunha, the rapporteur of the bill establishing the Green Mobility and Innovation Program (Mover), removed the 20% tax on […]
After expanding product offerings, digital bank will also accelerate lending 04/06/2024 André Chaves — Foto: Rogério Vieira/Valor Mercado Pago has spent the past few years expanding its product offerings to complete its transition from a payments company to a digital bank. Now, the company believes it is time to “come out of hiding,” said André […]
Bank is among investors who bought 10% of Bill Ackman’s firm, which, ahead of an IPO, is welcoming outside partners for the first time 06/04/2024 Bill Ackman — Foto: Jeenah Moon/Bloomberg Brazilian investment bank BTG Pactual is part of a consortium that acquired a 10% stake in Bill Ackman’s Pershing Square management company, according to […]
Itaú analysis reveals that low unemployment impacts more than just labor-intensive sectors 06/04/2024 Julia Gottlieb — Foto: Divulgação Brazil’s robust jobs market has driven consumer prices measured by IPCA, affecting the entire basket of goods and services, not just the labor-intensive ones. This finding comes from a study by Itaú Unibanco, indicating that wages will […]
MURRAY ADVOGADOS
Spanish owners allocate funds to clean balance sheet; group filed for reorganization 06/03/2024 DIA’s local operation has been in court-supervised reorganization since March — Foto: Claudio Belli/Valor The sale of the supermarket chain DIA’s operations in Brazil to Lyra II Fundo de Investimento em Participações (FIP) accelerated a month ago as the Spanish owners needed […]
Costs reflect increased processing and storage capacity, monetary authority says 06/03/2024 Leandro Vilain — Foto: Leonardo Rodrigues/Valor As the user base expands and new functionalities are incorporated, Pix— the Central Bank’s instant-payment system—represents increasing costs for the monetary authority, in terms of both maintenance and investment. While the instant payment system has significantly boosted financial […]