Six years ago, U.S. investment banks wooed Latin American companies and promised better access to investor pools. Many firms like Stone and PagSeguro took the bait and went public on Wall Street. They aimed to replicate the success of American tech giants. The results fell short. Stocks didn’t perform well and trading volumes were low. […]
Related Posts
Brazil’s economic activity records modest growth in 2nd quarter
The Brazilian economic growth rate moderated in the year’s second quarter. According to a report released on Monday (14) from the Central Bank in Brasília, the Economic Activity Index (IBC-Br) registered an increase of 0.43% from April to June compared to the first three months of the year, considering seasonally adjusted data. The economy had […]
Brazil, Russia Talk UN Council Reform in NY
Brazil’s Foreign Minister Mauro Vieira and Russia’s Sergey Lavrov discussed UN Security Council reform during their meeting in New York. According to Brazil’s Foreign Ministry, the issue is pressing. Russia holds a permanent seat with veto rights. Brazil’s President, Luís Inácio Lula da Silva, recently addressed the Council’s waning credibility . . . To read […]
Abel Ferreira Eyes Top Coach Award in Paulista
Following Palmeiras’ 2-0 win against Ituano, Coach Abel Ferreira shared insights on his team’s strategy and his personal goal. He deployed a unique formation, sidelining traditional wingers for a midfield quartet of Aníbal Moreno, Richard Ríos, Raphael Veiga, and Zé Rafael. This move, despite a less dynamic attack, leveraged the squad’s midfield strengths. The victory […]