Month: May 2017
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Brazilian IGPM shows second month of deflation
The General Market Price Index – (IGP-M) recorded deflation of 0.93% in May, after falling 1.10% a month earlier, according to the Getulio Vargas Foundation (FGV). It is the lowest rate for May months since the beginning of the indicator series in 1989. It is also the third lowest variation for all months of the…
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Foreign direct investment in infrastructure grew more than 500%
Foreign capital inflows into infrastructure activities in Brazil grew more than 500% in the first four months of this year compared to the same period in 2016, reaching a mark of US$ 11.4 billion. The flow represents more than 50% of direct investment in the country for capital participation operations registered by the Central Bank…
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Itaú pays US$1.8 billion for 49.9% of XP Investmentos
After two months of discreet talks, Itaú Unibanco closed on Thursday (May, 11th) the purchase of 49.9% of the total capital of XP Investimentos for R$ 6.3 Billion, which includes R$ 600 million in resources that the bank will inject into the company. With the transaction, the country’s largest private bank reserves its space in…