Investors stand to lose money if they “speculate” with Brazilian assets, Aloizio Mercadante tells LatinFinance, following a slump in the equity and FX markets
Author Archives: Thierry Ogier
Posted inDaily Brief
Fitch sees more trouble ahead for Brazil corporates
High interest rates have fueled a rise in defaults and downgrades and will continue to weigh on GDP growth, say rating analysts
Posted inDaily Brief
Axia gets highest credit rating in decade
Fitch lauds the Brazilian energy company’s liquidity, diversification and post-privatization divestment program
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Batista family retakes helm of JBS
The founding family led the company until eight years ago, when a corruption scandal forced a shake-up of management
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Brazil telco sells IoT division to curb debt
Algar Telecom sells the business to Arqia, the Brazilian subsidiary of UK-based Wireless Logic
Posted inDaily Brief
Vamos CFO quits
Brazilian truck rental company says its IRO will take over the finance function on an interim basis
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JBS plans $5 bln Indonesia expansion
Brazilian meat giant sells 25% of its subsidiaries in Australia and New Zealand to Indonesia’s sovereign wealth fund
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Movida returns to domestic market
Brazilian car rental company announces plans to issue debentures three months after printing international notes
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Alliança files for bankruptcy
The company is the latest Brazilian healthcare provider to run into financial straits
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Santander poaches Brazil CIB exec from UBS
Daniel Bassan’s appointment is part of sweeping changes at the Spanish bank’s Brazilian subsidiary