Brazil’s rigid banking system starts dallying with fintech startups
Brazil’s famously closed financial system is ready for change with an open attitude to innovation...
Tag : Brazil
France’s CNP to sign $1.7 bn insurance deal with Brazil bank
CNP will sell insurance through Caixa’s 3000 branches...
Brazil fund manager XP Investimentos for January US IPO
Hires investment banks such as JP Morgan, Goldman Sachs, and Morgan Stanley to manage IPO...
Moneycorp licenced to be its fifth forex bank in Brazil
It is the second international banking licence for Moneycorp after the European licence it holds in Gibraltar...
Brazil’s QuintoAndar secures $250 mn SoftBank led funding
With the new funding from SoftBank, the Brazilian company enters the unicorn territory with a valuation of over $1 bn...
Petrobras privatisation attracts oil giants Aramco and PetroChina
The privatisation of eight Petrobras’ refineries could raise around $18 bn...
Brazil privatisation: postal service, Santos port operator to be sold
The government plans to privatise nine state-owned companies to raise $323 bn...
Brazil’s Azul mounts challenge to rivals with 17 Sao Paulo-Rio flights
The decision comes after Avianca Brazil ceased to operate due to bankruptcy...
Brazil liberalisation to unlock natural gas value chain
The decision is aimed at stimulating demand from the power sector and at lowering the domestic price of the fuel...
Petrobras cuts spending by more than 30% for 2019
Brazilian oil giant Petrobras has announced that it will cut spending by more than 30 percent. The company now plans to spend $10 billion-$11 billion in 2019 as it makes adjustments to the way it accounts for field unitisation, adapts to a weaker exchange rate against the dollar and delays drilling activities. The oil refiner...