Investors stand to lose money if they “speculate” with Brazilian assets, Aloizio Mercadante tells LatinFinance, following a slump in the equity and FX markets
Category: Brazil
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
Posted inDaily Brief
CSN sews up bond swap
Brazilian steelmaker gains breathing space through an exchange of 6.75% bonds maturing in 2028 for longer-dated notes paying 11%
Posted inDaily Brief
Itaú Unibanco, Banco Industrial line up debt sales
Brazilian and Guatemalan banks ask IDB Invest to participate in the deals, which include a tokenized debt placement
Posted inDaily Brief
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
Posted inDaily Brief
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
Bradesco seeks IFC loan
Brazilian lender requests funding from the World Bank’s private sector arm to support its short-term trade finance business
Posted inDaily Brief
Vamos CFO quits
Brazilian truck rental company says its IRO will take over the finance function on an interim basis
Posted inDaily Brief
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