Author Archives: admin

About admin

I've been researching and writing on Brazilian financial markets, industry and economy since 2006 for a wide range of specialist media, consultancies and investors. Before that I spent over 10 years in London and New York writing for and editing magazines and journals dedicated to finance, investment and economics in developing markets, mostly for the Euromoney Institutional Investor group and Thomson Financial. Areas of coverage Below are samples of areas that I cover and some of the common themes that I investigate. Capital markets BM&FBovespa markets *capital raising trends: via equities (IPOs and secondary issuance), debt and loans *the asset management industry: legislation and coverage of the key hedge, pension and investment funds * corporate governance: how the regulator is seeking to strengthen best practice and limitations * debt markets: the nascent corporate markets, attempts to boost liquidity and new insturments. * private equity market: why this market has been so successful, who’s involved. *electronic, high frequency trading and alternative trading platforms: what does the future hold? Banking *credit: the growth of consumer and business credit and competition between banks and models *Public versus private: the role and market share of public and private sector banks and the politicization of the industry * internationalization: which Brazilian banks are expanding overseas and where * investment banking: the growth of the domestic market and who’s winning which mandates *regional banks and development banks: what role they play in the industry and how they compete Mining *licensing: the complex process of obtaining environmental, water, land and operating licenses at a state and federal level. * capacity: the feasibility and sustainability of capacity increases * financing: how miners are raising finance in Brazil and abroad *competition: the interplay Vale, MMX and junior miners *logistics: rail, road and port connections Oil and gas: the fund raising issues related to the massive of pre-salt (link) Multilatinas: Who are they and how and where they are expanding Meatpacking: Are debt burdens sustainable, what are the different business models for areas such as branding and distrbution Agriculture: How are farms consolidating, what are environmental risks, how can foreign investors be involved. IT and software: Can Brazil take on India and build a viable long-term IT industry? For more information on clients and work, please see the media and consultancy sections.

The Silva lining for Eduardo Campos?

The intriguing alliance of two former, disgruntled Worker’s Party (PT) members could throw a wrench into the delicate calculations for next October’s elections in Brazil. If they build a head of steam, could they lead to a more business-friendly Brazil? … Continue reading

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Brazil’s macro policy: are we looking at secular change or a moment of pragmatism?

Brazil’s macro policy: are we looking at secular change or a moment of pragmatism?

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Brazil: demonstrations crack but fizzle as middle class stays away

Why did large scale demonstrations, expected on Brazil’s independence day on September 7, fail to materialize? São Paulo saw small-scale and low key protests but the spark never seemed to light while Rio de Janeiro and Brasilia witnessed low volume, … Continue reading

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Brazilian transport insurance: A dangerous course

Around 60 per cent of Brazil’s domestic transportation is done by trucks through highways and roads where thefts and accidents produce  losses of almost R$8 billion . But good risk management can help companies avoid more than 70 per cent of … Continue reading

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Brazil demonstrations lead to further spending promises

What does the government need to do to bring the wave of demonstrations to a halt? Spray cash at the problem seems to be the answer. That would cause further problems with Brazil facing a rapidly deteriorating financial situation and … Continue reading

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WHARTON: Brazilian insurance – innovation stymied

The Brazilian insurance market at first blush seems a mouthwatering opportunity and many foreigners have been attracted to start operations there in the last years. But the government’s cautious and oscillating approach to the opening of the sector and market … Continue reading

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THE BANKER: Peru’s economic boom fuels banking progress

An economic boom coupled with new technologies is allowing Peruvian banks to tap consumer bases that have long been overlooked in the country. But, as the banking market advances at a breakneck speed, there are vulnerabilities to look out for … Continue reading

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THE BANKER: How to stop hot money burning Latin America’s growth prospects

The World Bank’s chief economist for Latin American and the Caribbean, Augusto de la Torre, discusses ways to increase the value of foreign direct investment in the region and how to manage short-term capital flows. Capital inflows used to have … Continue reading

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PROJECT FINANCE MAGAZINE: Alternatives in Brazil, hiatus or on ice?

On the surface, Brazil’s alternatives sector looks healthy. Project finance volumes and the number of deals went up substantially last year and wind is today a serious contender at Brazil’s competitive auctions, open to all energy sources. However, the once … Continue reading

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Brazil investment summit April 17-18

I will be moderating at the session on hedge funds at the Brazil Investment Summit April 17-18 at Hotel Unique. There are going to be speakers from 3i, Gavea, Credit Suisse Hedging Griffo, Redpoint e.Ventures, Advent International, General Atlantic, Bridgewater Associates, H.Stern, … Continue reading

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