Gustavo C. Costa Santos, CFP®

🌟 Proud to share this comprehensive report on Investing in Minas Gerais (my state) from the Financial Times! 🚀 🔍 Key Insights: - Minas Gerais: Brazil's bellwether state, reflecting the nation's diverse political, economic, and social fabric. - Governor Romeu Zema: A potential dark horse in Brazil's next presidential race, navigating the delicate balance between business and politics. - Belo Horizonte: Embracing tech and quality of life initiatives to rejuvenate Brazil's first large planned city, confronting modern-day challenges head-on. - Brumadinho Dam Disaster: The 2019 tragedy continues to shape global mining industry standards, highlighting the importance of safety and transparency. - Lithium Potential: Minas Gerais emerges as a hotspot for lithium exploration, revitalizing regions once overlooked. - Niobium Niche: Delving into the energy sector, Brazilian niobium gains attention with implications for global markets. 📈 Don't miss this opportunity to gain insights into how Minas Gerais is driving Brazil's future! Dive deeper into the report here: #Investing #MinasGerais #Brazil #Economy #Insights 🇧🇷 https://lnkd.in/dGmJmUrr

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Brazilian digital bank PicPay collaborates with Citi for US IPO #PicPay, a Brazilian mobile banking app owned by J&F Investimentos S.A, is preparing for a potential #USIPO with #Citigroup, pending favorable market conditions. Initially aiming for an $8 billion valuation in 2021, the company withdrew its registration. In 2023, PicPay reported a net income of 37 million reais ($6.8 million), marking a significant recovery from a 693 million reais loss in 2022. With over 35 million active customers and approximately 70 million total users, PicPay continues to expand its footprint in the digital banking sector. For more insights, the Brazilian country profile is available in the members area (https://lnkd.in/d54iD7Um) for members. Non-members can download it for free here: https://lnkd.in/dQzexCQ5 #CInnovation #FintechInsights #FintechInnovation #FinanceInsights #BankingRevolution #DigitalTransformation #BankingInnovation #FinancialGrowth #Finance #Banking #NeoBanking #FinancialServices #Fintech #BankingNews #TechInFinance #FinancialNews

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Mercado Libre is a juggernaut - 25 years and still growing at 40%. The company literally changed my life and helped inspire the launch of EMQQ Global 10 years ago. Thanks Marcos Galperin! Also - Did you know that $MELI is NOT included in most of the #emergingmarkets #etfs from iShares or Vanguard (EEM, IEMG, VWO, etc.)? Neither is Nubank. You get 2x Petrobras and neither of the top #latinamerica internet companies. #internet #ecommercenews #brazil #nubank #mercadolibre #mercadolivre #frontiermarkets #mexico #colombia #argentina

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Brazil is the next frontier for international asset managers

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The Federative Republic of Brazil celebrates the listing of their inaugural US$2 billion sustainable bond by opening the market on the London Stock Exchange. Hear from H.E Antonio de Aguiar Patriota, Ambassador of Brazil to the United Kingdom and other key stakeholders on the significance of this milestone capital raise in Brazil's funding history. Find out more: https://lseg.group/3VRdwcj #CapitalMarkets #SustainabilityBond #SustainableFinance #SovereignFinance #LatinAmerica #SustainableBondMarket #SBM Tesouro Nacional, Charlie Walker, Shrey Kohli, Aude Rajonson, Federica Giacometti

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The standard provided by Chainlink is powering the CBDC project for Brazil’s central bank (Banco Central do Brasil) by enabling onchain transactions to be settled with a central bank local to another country. https://lnkd.in/dzEZh5wG Drex brings together industry leaders such as Banco Central do Brasil (BCB) alongside Chainlink and others to collaborate on cross-border settlement via multi-CBDCs. https://lnkd.in/dKxCh4g4 We’re excited to work alongside Banco Central do Brasil (BCB), Microsoft, Inter&Co, and 7COMm to advance cross-border CBDC transactions for trade finance!!!! Thanks to everyone who has helped make this happen including Fabio AraujoJeff BeltrãoRoger BroganAngie WalkerMark RaynesPhD. João Paulo Aragão PereiraBruno Grossi, MScBruno MonizTiago CarvalhoSergio YamaniArnaud Lanna Chainlink LabsANBIMAInter7COMm - People and tech to transformMicrosoftBanco ItaúVince TurcotteNiki AriyasingheDavid FuchsMark RaynesRyan LovellJoAnn HealyIskra DobrevaTodd Barr

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#BrazilEconomy 📈 Understanding Brazil's Government Debt: A Closer Look at Fiscal Health 📉 While the official government debt-to-GDP ratio stands at 74.42% 📉, some economists suggest that this figure may be perceived as higher, potentially exceeding 86% 📈. This highlights the complexities involved in assessing Brazil's fiscal health. Understanding the full scope of public debt is essential for evaluating the risks and opportunities for foreign investment in Brazil's economy. Investors should remain vigilant about fiscal policies and economic conditions as they navigate this landscape. Official Figures: According to Trading Economics, Brazil's government debt was recorded at 74.42% 📉 of GDP in 2023. This figure aligns with the country's historical averages, which have fluctuated over the years, reaching a peak of 86.94% 📈 in 2020 during the pandemic. Projected Trends: The debt-to-GDP ratio is expected to rise slightly to 78% 📈 by the end of 2024 and is projected to trend around 81% 📈 in 2025. Alternative Estimates: Some economists argue that when considering broader definitions of public debt, including contingent liabilities and other obligations, the debt-to-GDP ratio could indeed be closer to or exceed 86% 📈. This perspective emphasizes the importance of accounting for all forms of government liabilities, which can significantly impact fiscal sustainability. Stay tuned, like, share, and follow the page! Source: https://lnkd.in/d4eci2BR #FiscalPolicy #DebtSustainability #MacroeconomicIndicators #ForeignInvestment #martimeinsurance #insurance #highlogisticsbrazil #soya #soyabeans #shippingindustry #shipping #trucking #trade #economy #sugar #icumsa45 #corn #yelloncorn #globaltrade #supplychain #maritimeIndustry #logistics #freight #brazil #businesssolutions #customsclearance #trading #airfreight #seafreight #warehousing #transportation #sales  #maersk #msc #cmacgm #cosco #asonewecan #hapaglloyd  #evergreenline #hamburgsud #yangming #pacificinternacionallines #zimlines #maritimeinsurance  #containerrates #msccargo

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In our article published in Lexology, our Real Estate and Capital Markets teams discuss the fundraising for real estate companies through crowdfunding regulated by the Brazilian Securities and Exchange Commission (CVM). Link: https://lnkd.in/gESBvRH4 #CGMAdvogados #CapitalMarkets #RealEstate #Crowdfunding #CVM

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Notable resilience in Brazil's economy in September. The Central Bank's economic activity index (IBC-Br) increased by 0.8% for the month, exceeding both our forecast of 0.7% and the market median projection of 0.5%. This represents a 5.1% year-over-year growth. The positive outcome was driven by gains across key sectors: - Industrial production up by 1.1%; - Broad retail sales increasing by 1.8%; - Services volume rising by 1.0%. These results led to a 1.1% increase in the quarterly average compared to the second quarter. Given the stronger-than-expected data, Bradesco Asset Management's macro team has revised its GDP projection for Q3 upward, now anticipating a 0.7% quarter-over-quarter growth. [Full report attached as a PDF.]

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The T20 Communique is out and one of the recommendations to the G20 is to "establish Data20, a multistakeholder platform to enhance cooperation on global data governance: Data20 should serve as a hub for collaboration across the G20 and its existing formal engagement groups... Debates on data governance should be centered on crosscutting issues such as information integrity, climate justice, health, the future of work, nondiscriminatory Artificial Intelligence (AI) systems, Digital Public Infrastructures (DPIs), and regulatory parity based on human rights and data justice". 

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From our Monthly Tech Report (October 2024): ▶️ Global investors reinforcing Brazil tech thesis: - BOND makes its second Brazilian investment - SoftBank Investment Advisers returns to the market after a notable pause - Both participated in ASAAS' R$820 million Series C round ▶️ Secondary market gaining momentum: - Warburg Pincus LLC acquires minority stake in Contabilizei (R$700M) - Additional transactions detailed in the full report ▶️ Landmark strategic acquisition: - ClearSale acquired by Serasa Experian (R$2.0B) These deals reflect sustained institutional interest in Brazilian technology companies despite current market conditions. Stay connected with the latest market trends through our monthly report. 👉 Click here to read the full report: https://lnkd.in/d_JParge

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💰 Lula da Silva's first year back as Brazil's president produced positive results: GDP growth exceeded expectations, unemployment decreased, inflation stabilized, and foreign investment returned. 📈 Financially, Brazil's credit rating improved, aided by prudent monetary policies and increased investor confidence. 📉 However, underlying structural weaknesses persist, such as inadequate infrastructure, low productivity, and dependence on a few industries and trading partners. 📖 Our analysts review the economy of the biggest South American country and advise on investment there. See more: https://cutt.ly/Tw57uAEg. #brazil #opportunities #investment #risks

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C6 Bank, the Brazilian digital bank backed by JPMorgan Chase & Co., has reported its first quarterly profit, showcasing a significant milestone for the Sao Paulo-based fintech. CEO Marcelo Kalim announced a profit of 461 million reais ($90.1 million) for the first three months of the year, with projections pointing towards a substantial full-year gain of about 2 billion reais. The bank has successfully increased its revenue while maintaining stable expenses and reducing provisions for bad loans—a trend Kalim expects to continue. The bank's loan portfolio saw impressive growth, reaching 46.3 billion reais in the first quarter of 2024, marking a 36% increase year-over-year. This growth was primarily in loans backed by collateral, such as payroll and vehicle financing, which also contributed to a decrease in the delinquency rate from 4.7% to 3.2%. Despite these positive developments, Kalim emphasized that C6 does not intend to grow its size but will instead focus on optimizing its current structure to maximize efficiency and profitability. The bank offers a comprehensive range of services including lending, banking, and an investment platform with global accounts in dollars and euros. It currently serves 30 million clients with a team of 3,300 employees. C6’s strategic decision not to pursue a public listing at this time reflects a confidence in its current capital structure, influenced by JPMorgan’s increased stake from 40% to 46% last year. This approach highlights C6’s commitment to refining its operational effectiveness and continuing its trajectory of robust financial performance. This achievement not only underscores the effectiveness of digital banking models in emerging markets but also positions C6 as a leader in leveraging technology to enhance financial services.

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🌍📈 New #FX Monthly Report: The Brazilian Real   Dive into the comprehensive analysis of the #BrazilianReal (BRL) and its performance amidst global economic shifts. What does the future hold for the #USDBRL?   Key highlights: 🔹 The impact of US economic performance and Brazil's fiscal policies on BRL valuation. 🔹Recent monetary policy changes by the Brazilian Central Bank and their implications. 🔹Economic indicators such as GDP growth, unemployment rates, and inflation forecasts. 🔹The challenges faced by Brazil include fiscal spending and the worst drought on record.   Stay informed and ahead of the market trends with our in-depth research. Read the report and sign up for our alerts online here 👇 https://lnkd.in/eMXQGD63 Daria Efanova Viktoria Kuszak Daniel Henson Chris Husillos Ryan Happe #EconomicAnalysis

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