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Mining Disaster that Played Out Above Ground — and Brought Down ‘King Midas’
“The richest man in Brazil” was a title that business magnate Eike Batista didn’t particularly care for. It didn’t do justice to the scope and scale of his wealth, he felt; he was aiming for something more along the lines
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Infinity Asset Management Diversity and Strategy: Two Key Factors That Have Driven the Infinity Group to Success
It was 25 years ago, in São Paulo, Brazil, that Infinity Asset Management, and the Infinity Group, started as a brokerage firm. It became a licensed fund manager and investment company in 1999, and today prides itself on its tailor-made
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Fausto Ribeiro, CEO of Banco do Brasil: Green Dreams Coming True as Brazilian Bank Focuses on ESG
The financial sector has a key role to play in the transition to a new model. At Banco do Brasil, sustainable credit represents 37.5 percent of the total portfolio. Sustainability and environmental, social and governance issues have been steadily gaining
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EY Argentina: Argentina’s Promotional Tax System for Knowledge-based Companies is Gaining Ground in the Local Market
After more than two years of the enactment of the “knowledge-based” Law, time has come to ask whether this new promotional system have truly improved the capacity of the knowledge-based industries to generate employment, federal economic development, and foreign exchange
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EY: Argentina’s Need for Tax Reforms, and How They Could Be Achieved
The current Argentine macroeconomic situation is characterised by Covid-19 recession, inflation, record tax pressure, a reduction in tax revenues, poverty levels standing at 42 percent and rising, and government spending exceeding genuine financing possibilities. Sovereign debt refinancing is still under
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EY Argentina: Argentina Amends Promotional Tax System for Knowledge-Based Firms
With technology disrupting business models in various sectors of the global economy, Argentina has finally introduced tax incentives for knowledge-based industries. Law number 27,506 was first published in the Official Bulletin on June 10, 2019, and established the promotional regime
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The Two Sides of Capital Flows into Brazil
There was a significant inflow of funds in Brazil’s external financial account in October and November for investments in both stocks and fixed income instruments. The bulk of the recent inflow has come in a passive way, and it did
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EY: Threats and Opportunities in a Post-Covid-19 Economic Context
A statement currently circulating on social media warns that “it is strange that certain world economies easily collapse when consumers buy only what they need”. Statements like this often contain some degree of truth. The social isolation linked to the
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Don’t Expect Miracles from the Multilaterals
by Otaviano Canuto Latin American and Caribbean economies need help, but organisations such as the IDB are also stretched thin. With Latin America and the Caribbean potentially facing years of difficulties due to the pandemic and related economic crises, attention
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Cristina Junqueira, Nubank Co-Founder: Brazil’s Wonder Woman of Fintech
When the first Nubank card transaction was made in Brazil on April 1, 2014, you wouldn’t have been a fool for failing to anticipate the swift growth of the neobank (one that operates exclusively online). Nor would you have been
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