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 […]
Tragedy highlights need for climate-conscious rebuilding efforts, according to company’s shareholder 06/03/2024 André Bier Gerdau Johannpeter — Foto: Silvia Zamboni/Valor Businessman André Bier Gerdau Johannpeter, continuously monitoring the recovery efforts in Rio Grande do Sul—recently devastated by the most significant flood in its history—is deeply involved in the post-disaster scenario in the birthplace of the […]
Kopi Kita considers buying 100,000 coffee bags from Brazil due to robusta shortage in Southeast Asia 05/31/2024 Kopi Kita, the largest coffee roaster in Indonesia, will purchase Brazilian conilon coffee for the first time, introducing the Brazilian variety to the Asian market. Indonesia, the fourth largest coffee producer, primarily grows robusta and exports to countries […]