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103 results for “Citi”
Federal Prosecutors Seek to Suspend Petrobras’ Amazon Oil Discovery License
Brazil’s Federal Public Ministry is challenging Petrobras’s license for the Morpho well, citing a failure to consult Amazon traditional communities.
Judicial Order Forces Brazil to Review Key Capital Market Oversight Rules After Massive Banking Fraud
STF Justice Flávio Dino ordered the review of CVM regulations on investment funds, citing regulatory flaws exposed by the Banco Master scandal.
US Tech Firms Freeze Billions in Brazil Data Center Investment Pending Election Outcome
Hyperscale companies are holding back crucial AI infrastructure spending in Brazil, citing high political risk ahead of the country's October election.
Magazine Luiza Escalates Delivery War, Asking Brazil’s Antitrust Regulator to Halt iFood Exclusivity in Smaller Cities
Magazine Luiza's subsidiary, aiqfome, filed a formal complaint with Brazil's antitrust regulator CADE, arguing that a 2023 agreement on iFood's exclusivity contracts fails to protect competition in the country's mid-sized and smaller cities.
Itaú BBA Initiates Coverage on Brazil’s Log Commercial Properties, Citing “Asset Recycling” as Key Driver
Itaú BBA initiated coverage of Brazilian logistics real estate developer Log Commercial Properties (LOGG3) with an "Outperform" rating, pointing to the company's asset recycling strategy as its primary growth mechanism.
Lula Government Moves to Ban Online Casinos and Impose Sweeping Restrictions on Sports Betting
Brazil’s federal government is preparing a Provisional Measure to ban online casino games and severely restrict sports betting advertising, citing rising household debt.
Fiscal Challenge to Lula's Welfare Expansion Puts Brazil’s Budgetary Adequacy Under TCU Scrutiny
The Public Prosecutor’s Office at the Federal Court of Accounts requested an injunction to suspend President Lula’s decree raising the Bolsa Família benefit, citing a lack of budgetary provision and fiscal impact analysis.
Lula’s Bolsa Família Increase Challenged at Electoral Court Over Pre-Election Timing
A federal deputy challenged President Lula's 15% increase to the Bolsa Família program at Brazil's Superior Electoral Court, citing electoral favoritism.
Broad Coalition Warns Presidential Candidates Against Undermining Brazil’s Dual IVA Tax Reform
A manifesto signed by 98 prominent Brazilian figures, including top economists and businessmen, has warned 2026 presidential candidates against revoking the new Dual IVA tax, citing fears of massive legal uncertainty.
Brazil Supreme Court Justice Lifts Secrecy on Mário Frias Probe, Citing Possible PCC Link
STF Justice Flávio Dino lifted the seal on a corruption probe targeting Bolsonaro ally and federal deputy Mário Frias over alleged diversion of public funds and a possible connection to the PCC organized crime faction.
Brazil’s Electoral Court Unanimously Bars Populist Influencer Pablo Marçal From Presidential Race
The Superior Electoral Court unanimously rejected influencer Pablo Marçal's presidential bid, citing a prior ineligibility conviction and a missed party affiliation deadline.
Banco Safra Initiates Coverage on Bemobi, Citing Digital Payments Opportunity in Essential Services
Banco Safra initiated coverage on small-cap tech firm Bemobi (BMOB3), highlighting its role as a software and payments platform digitizing recurring billing for essential services in Brazil.
Brazil Court Suspends Registration of New Glyphosate Agrochemicals for 90 Days
A Labor Court in Brasília ordered a 90-day suspension on the registration of all new glyphosate-based agrochemicals, citing health concerns and demanding impact reports from federal regulators.
Brazilian Court Suspends New Glyphosate Registrations, Citing Government’s Missed Deadline
A Brasília labor court temporarily halted new registrations of the glyphosate herbicide, signaling increased regulatory uncertainty for Brazil’s key agribusiness sector.
Brazil’s Consumption Tax Reform Becomes Political Flashpoint as Business Leaders Urge Presidential Candidates to Protect Law
A manifesto from specialists and business leaders is warning presidential candidates against halting the critical IVA Dual tax reform, citing political risk.
Analyst Downgrades Pressure Patria Investments Stock, a Rare Direct Brazilian Link for US Retail Traders
Brazilian alternative asset manager Patria Investments falls after major banks cut its stock rating over valuation concerns.
Fitch Upgrades Brazilian Aircraft Giant Embraer Further Into Investment Grade
Fitch raises Embraer's rating to 'BBB' with a Stable Outlook, citing its record $34.5 billion order backlog.
Lula Demands Full Transparency in ‘Caso Master,’ Citing Electoral Impact of Judicial Leaks
President Lula called for the urgent, full declassification of the 'Caso Master' files amid a political crisis at the Supreme Court.
Broad Legal Coalition Demands STF Reform, Citing Corruption and Undermined Public Trust
A manifesto by OAB-SP and 25 entities calls for judicial reform in Brazil, including term limits for Supreme Court Justices.
STF Justice Suspends Brazil’s Federal Police Chief, Citing ‘Institutional Wiretapping’ in Crisis Escalation
Supreme Court Justice André Mendonça removed Federal Police Director-General Andrei Rodrigues, citing illegal surveillance, intensifying Brazil’s judicial crisis.
Brazil Toughens Big Tech Liability, Citing 'Systemic Failures' on User Content
Presidential decrees in Brazil implement a Supreme Court ruling, ending the ‘safe harbor’ for digital platforms and increasing compliance risk.
Supreme Court Justice Orders Removal of Federal Police Chief, Deepening Institutional Crisis
STF Justice André Mendonça removed Federal Police Director-General Andrei Rodrigues, citing illegal monitoring in the Banco Master case.
Supply Squeeze Pushes Brazilian Rents Above Official Inflation Rate
Residential rents in Brazil's major cities are surging faster than inflation, driven by high interest rates and a lack of housing supply.
S&P Downgrades Brazilian Retail Giant Azzas on Corporate Split, Weak Q2 Results
S&P National Ratings lowered Brazilian fashion group Azzas (AZZA3) credit rating and placed it on CreditWatch Negative, citing reduced scale from a spin-off.
Lula Advisor Celso Amorim Warns Congress of US Intervention in Brazil Election, Citing Monroe Doctrine
Tensions rise as Lula's top advisor warns the US is using its historic Monroe Doctrine to justify meddling in the upcoming presidential election.
Lula Freezes Approval of All New Ambassadors, Escalating Diplomatic Row With US
Brazilian President Lula da Silva has halted all ambassador approvals until after the October election, citing a refusal to tolerate foreign interference.
Massive R$170 Billion Fundão Settlement De-Risks BHP, Vale as 45 Cities Drop Foreign Lawsuits
Nearly all affected municipalities in Brazil have joined the R$170B Fundão dam settlement, requiring them to drop all foreign lawsuits.
TIM Brazil Commits R$1 Billion to New Share Buyback, Signaling Confidence in Intrinsic Value
Brazilian telecom operator TIM S.A. approved its second R$1 billion share buyback program in a year, citing stock undervaluation.
Haddad and STF Justice Mendes Warn Against Judicial Impeachment Bids, Citing Institutional Risk
Brazil's Finance Minister Fernando Haddad and STF Justice Gilmar Mendes caution politicians against using judicial impeachment threats for political gain.
Dry Spell Raises Crop-Stress Risk Across Brazil’s Soybean Belt
Key agricultural cities in Mato Grosso, Bahia, and Goiás are seeing virtually no rain, raising concerns for the 2026/2027 soybean planting season.