Justice Flávio Dino freezes payments until lawmakers create rules for traceability, efficiency 08/15/2024 Flávio Dino — Foto: Antonio Augusto/STF Justice Flávio Dino of Brazil’s Supreme Court ordered the suspension of all mandatory parliamentary budget allocations until Congress establishes new guidelines to ensure transparency, traceability, and efficiency in the disbursement of these funds. Exceptions are made only for […]
Company seeks partner for energy business, plans to divest assets to reduce leverage ratio 08/14/2024 Benjamin Steinbruch — Foto: Rogerio Vieira/Valor CSN, the Brazilian steelmaker that holds a 12.9% stake in Usiminas, reiterated on Tuesday (13) that it will comply with the determination of the Administrative Council for Economic Defense (CADE), and more recently from the courts, […]
Despite three years without IPOs in Brazil, fixed-income securities sustain market activity 08/14/2024 Cristiano Guimarães — Foto: Gabriel Reis/Valor With the equities market stalling and many mergers and acquisitions (M&As) operations on pause, the revenue of investment banks operating in Brazil has dipped to the lowest level in at least seven years. So far this year, revenues from […]