Richard Mann
Richard Mann is a German native and has worked as a freelance journalist for many years. He travels all over Brazil and is mainly interested in business, art, and culture and also likes to write articles about spiritual topics and unusual events.
Analysis: Is Brazil’s Itaú bank ready to compete with fintechs?
RIO DE JANEIRO, BRAZIL - Last week, Itaú Unibanco (ITUB4) held an Investor Day, delivering its main messages regarding the future, amid a very...
Number of payment fintechs in Brazil rose 26% in 2020
RIO DE JANEIRO, BRAZIL - The number of payment fintechs operating in Brazil grew by 26% in 2020, the Central Bank said on Monday...
Dollar exchange rate for 2021 to remain at R$5.30 – Focus survey Brazil
RIO DE JANEIRO, BRAZIL - The Focus Market Report, released by the Central Bank on Monday, June 7, showed the maintenance of the scenario...
Pandemic has slashed banks’ profitability, but Brazil’s Central Bank sees improvement in 2021
RIO DE JANEIRO, BRAZIL - The Covid-19 pandemic has cut banks' profitability in 2020 to its lowest in at least 10 years by forcing...
Bolsonaro sanctions law releasing US$992 million to small businesses in Brazil
RIO DE JANEIRO, BRAZIL - With vetoes, president Jair Bolsonaro has sanctioned the law that makes the PRONAMPE (National Program of Support to Micro...
LATAM CEO reiterates that its Brazilian operation is not for sale
RIO DE JANEIRO, BRAZIL - Santiago-based LATAM is focused on exiting the receivership proceeding opened in the United States over a year ago, not...
Brazilian startup generates US$5 million as “luxury fashion thrift store”
RIO DE JANEIRO, BRAZIL - What about buying a Christian Dior handbag at R$76,000 (US$15,200) discount? And an Ermenegildo Zegna tie for the same...
Brazil’s largest bank Itaú faces challenge of changing its culture
RIO DE JANEIRO, BRAZIL - Milton Maluhy, Itaú Unibanco's CEO, said on Wednesday, June 2, that the bank needs to undergo a major cultural...
Brazil biofuels giant Raízen files for IPO that could be one of the largest in history
RIO DE JANEIRO, BRAZIL - Raízen filed a request for an initial public offering (IPO) with the Brazilian Securities and Exchange Commission (CVM) on...
As dollar nears R$5.00, analysts point to trend with favorable scenario for Brazilian Real
RIO DE JANEIRO, BRAZIL - Since May 21, the US currency has lost 4.97% in value against the Brazilian Real and is at its...
Banco do Brasil surpassed R$100 billion mark in rural credit financing
RIO DE JANEIRO, BRAZIL - Banco do Brasil (BB) president Fausto Ribeiro said Monday on his social networks that the institution has surpassed the...
Brazil’s Central Bank optimistic about growth; vigilant about spreading inflation
RIO DE JANEIRO, BRAZIL - The Central Bank is optimistic with the economy's reaction and vigilant with inflation, said on Monday the institution's president,...
Brazil’s rental inflation index posts highest 12-month rise in 25 years
RIO DE JANEIRO, BRAZIL - The IGP-M (General Market Price Index), known as rent inflation, increased 4.10% in May and accumulated a high of...
São Paulo’s sugar and alcohol sector exports up 37.4% between January and April
RIO DE JANEIRO, BRAZIL - In the first four months of 2021, São Paulo's agribusiness exports posted an 11.6% growth, reaching US$5.66 billion, while...