Category Archives: Euromoney

Brazilian insurance firms feel the squeeze

Brazil’s tightly-regulated, fast growing and generally well-capitalised insurance market looks doubly attractive in the wake of the pounding insurers have been subjected to in more loosely regulated markets, epitomized by the nationalization of AIG. For foreign insurers, tightening solvency regulations … Continue reading

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Latin Investor Relations: High standards are the exception

Latin firms continue to trail the global pack in corporate governance. Of late, Brazilian firms, incentivized by a proliferation of market initiatives and support from vigorous associations have progressed furthest and fastest while Chilean companies continue to have the strongest … Continue reading

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Foreigners pick off Brazilian asset managers

US and European fund managers have been snapping up stakes in Brazil’s small, specialist fund boutiques. They are looking to gain exposure to some of the world’s fastest growing financial markets, diversify revenues, and capture the huge Brazilian shift out … Continue reading

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BNDES fishes for funds

The Brazilian National Development Bank, the BNDES, is fishing for extra funds after recalculating its investment plans and projecting that it will lend as much as 15% more than expected for the 2008-11 period, as it seeks to step up … Continue reading

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Henrique Meirelles: standing firm

“When I took over as Central Bank governor, Brazil had annualized inflation of 30%, high interest rates, minimal reserves and a weak currency. There was no fixed-income issuance and there have been times when we felt under siege for being … Continue reading

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How Ita

Service, quality of products and services, price, social responsibility and deep commitment to the environment and ethics. Brazil’s high flyers are a picky lot when they opt for a bank, surveys find. Banco Itaú delivers on these eclectic areas and … Continue reading

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Ethanol strategies re-considered as asset prices surge

Brazil’s ethanol market leader Cosan recently did a whopping U-turn on strategy that says a lot about the over-heated market for ethanol. The firm rushed out announcements that it was going to shift from an acquisitive strategy to one that … Continue reading

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Godoy: technocrat takes the helm at the Brazilian Treasury.

Investors and bankers are starting to shape opinions on Tarcísio José Massote de Godoy, the interim secretary of Brazil’s National Treasury since January, the third to hold the position over the last year. They like his in-depth knowledge of the … Continue reading

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