benchmark
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Central Bank raises interest rate by 100 bp, to 12.75%
... The Copom raised the benchmark interest rate to 12.75% a year from 11.75%.According to the document, the committee notes that "heightened uncertainty of the current scenario, the ...
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Local debt resumes pre-Americanas level
... The CDI rate, an average of overnight interbank loans, is used as an investment benchmark in Brazil.This renewed optimism contrasts sharply with the uncertainty that dominated early in the year. Following the revelation of an "accounting ...
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Amid rout, stock funds reopen and find investor demand
... The newer Value Q is down 21.1% in 2020, and since its launch in March 2018 has gained 29.7%, against 18.7% of its benchmark, formed by inflation index IPCA plus a factor provided of the average of indicative rates of IMA-B+5, of inflation-linked securities with terms of ...
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By taking risk, banks profit on bond offerings
... NTN-Bs, Treasury notes that serve as benchmark for the bond prices, had a reduction of 100 basis points in one month, and the secondary market reflects that. Another point they raise is that, by ...
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The fiscal dilemma for 2021
... Benchmark Selic interest rate at 2%, the biggest trump card for the recovery and to provide some relief to public accounts, are under threat. The biggest risk ...
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Activism in social media raises risk of stock volatility
... Like Ibovespa, these stocks have been affected by increased price swings caused by the pandemic. But unlike Brazil's benchmark stock index, they maintained this behavior over the past year. Ibovespa started 2020 with a 21% volatility in annualized terms and exceeded 124% at ...
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States speed up investments in election year
... The values for the first two months of 2021 were updated by Brazils benchmark inflation index IPCA.For specialists, even though the situation is heterogeneous among the states, with considerable gains in ICMS collection or in ...
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Institutional investor’s share in stock market shrinks
... temporarily returned to the stock market in the third quarter of 2022, precisely when the expectation for cuts in the Selic, Brazils benchmark interest rate, was more accurately priced by the market. But this was reversed after the first signs of the new administration, whether in the fiscal ...
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Ibre sees debt trajectory as possible fiscal anchor
... expenses.Researchers point out that EC 126 revoked the current mechanism for adjusting spending related to health and education through the benchmark inflation index IPCA.According to them, there will be an automatic return to the previous constitutional link: to net current revenue (RCL), which ...
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Operation Mani Puliti counted on investigating judges
... Operation Clean Hands is a benchmark for Minister Moro, who tried Car Wash cases while still heading a Federal Court in Curitiba. In a well-known essay he published in 2004 - ...
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The obstacles to economic recovery
... of growing prices of commodities with more depreciated exchange rates may lead the monetary authority to raise the Selic, Brazil's benchmark interest rate, more than expected today. This could jeopardize a recovery that is already fragile. Besides the return of handouts and a faster ...
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Crisis still weighs on stock market
... Brazil's benchmark stock index rose 5% in the period and has even set new all-time highs, but about 64% of the shares that make up Ibovespa remain below pre-crisis ...
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EU stance puts more pressure on Brazil in Glasgow
... But the environment institution seemingly decided to turn this additional document to the EU-Mercosur agreement into a kind of new benchmark for European action in international trade agreements. It has made the stance on environmental and sustainability measures so radical that other ...
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Analysis: Fast inflation shows difficulties to reach 2022 target
... Currently, to conduct the benchmark interest rate Selic, the Copom aims at equal weighting for 2022 and 2023, for which the targets are 3.5% and 3.25%, respectively. In both cases, ...
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Companies maintain margins despite worsening economic scenario
... Carvalho said companies listed in Brazils benchmark stock index Ibovespa reported profits 14% above the market consensus, while revenues exceeded projections by 18%. The sample by Valor Data also ...
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Private-equity firms not afraid of high interest rates
... And this year began with several initiatives testing the investors appetite for illiquid classes even as the Selic, Brazils benchmark interest rate, is back to double-digit levels.SPX has unveiled the intention to raise up to R$2.5 billion in its first private-equity fund after ...
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Companies issue debt amid volatility in capital markets
... a bond maturing in 2028 that, with the hedge for reais, is traded in the secondary market at a rate equivalent to CDI (Brazils interbank benchmark rate) +3.5%. Last week, this same bond was traded at a spread of 4.2%. In the local market, the company issued a five-year bond at a rate of CDI + ...
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Global economic outlook boosts share buybacks in Brazil
... This reflects the Ibovespa - Brazils benchmark stock index saw the second-worst performance since the onset of the Covid-19 pandemic by falling 10.1% in April.May was still the second month with ...
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Rising costs, interest rates erode companies’ profits in Q2
... Cardoso said the profit drop in the year-over-year comparison should lead to a revision in the profit consensus for Brazils benchmark stock index Ibovespa. Revenues, on the other hand, should consider more optimistic estimates. In a report, BTG Pactual points out that revenues and ...
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Embraer emerges as Ibovespa’s winner this year
... -quarter result, the shares of the Brazilian plane maker rose more than 5% on Friday at B3, to R$19, and now lead the gains of Brazils benchmark stock index Ibovespa in 2023, with a 32.8% increase.In 2022, the company has met or exceeded its results targets, with the exception of commercial ...
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Startup creates all-Black, all-female board of directors
... As there are more white men in power, they unconsciously tend to think that they are the benchmark of competence," she warned.She also criticizes the selection based on a few universities and the argument that there are no diverse people qualified ...
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Secondary market evolution alters debenture landscape
... could do so effectively.Leonardo Ono from Legacy Capital suggests that one way to enhance the Brazilian secondary market would be to adopt benchmark issues, allowing companies to reopen the same operations as needed to raise funds."This approach is common internationally, where companies issue ...
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Fintechs resort to IPOs in American market
... in Brazil.One of the companies pulling the line towards New York in 2018, PagSeguro saw its shares rise 70% since its debut, well above the benchmark stock index Ibovespa, which fell 16.7% in dollar terms in the period, a survey by Meraki shows.Stone shares have appreciated 55% since its IPO, also ...
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Escalating prices make most brand-new cars harder to buy
... from 2020 to 2021 the average price of cars and light commercial vehicles had an increase of 17%, inflation adjusted, of 10.06% (Brazils benchmark inflation index IPCA). This means that a car that used to cost R$105,800 went to R$123,900 (discounting inflation). The prices of this same vehicle ...
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Government plans include changes in spending cap
... Bolsonaros case, the proposal maintains some observance around the concept of a spending cap, but the idea is to change the instruments benchmark, which is the previous years inflation. There is also the expectation that spending on Auxlio Brasil, which the president has promised to raise to ...