Archive for the ‘Finance and Banking Brazil’ Category

Additional FY 2015 Funding of $96.9 Million Available

Comments Off | 02-7-2015

A majority of funding targeting Western Drought Response and Rural Water Projects
WASHINGTON – Bureau of Reclamation Commissioner Estevan López today released the spending plan for $96.9 million provided to Reclamation in the Consolidated and Further Continuing Appropriations Act of 2015. The funds will go toward Western drought response and rural water projects, among other important [...]

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BNP Paribas Settlement Subsidy Could Cost Taxpayers $3 Billion

Comments Off | 06-30-2014

Bank Could Get Huge Tax Break in Terror-Related Justice Dept. Settlement
As the Justice Department approaches a multi-billion-dollar settlement with the bank BNP Paribas over allegedly hiding information linking transactions to terrorist regimes, there may be billions at stake for taxpayers. Unless the Justice Department explicitly forbids it, BNP Paribas may be able to write off [...]

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VENDTEK SYSTEMS ANNOUNCES FISCAL Q1 2014 FINANCIAL RESULTS

Comments Off | 04-3-2014

VANCOUVER – Apr 1, 2014 – VendTek Systems Inc. (VSI – TSX Venture) (the “Company”), a developer and licensor of software for the global prepaid telecom and financial services markets, today reported its financial results for its first quarter of fiscal 2014 ended January 31, 2014 (“Q1 FY2014”).
Selected Financial Information (2)
Revenue for the quarter ended [...]

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BNDES and official banks of BRICS sign agreement to finance companies in local currency

Comments Off | 03-31-2012

The president of BNDES (Brazilian Development Bank), Luciano Coutinho, and the presidents of the development banks of China, Russia, India and South Africa, countries that together form the block known as BRICS, signed two agreements that open a way for the intensification of economic relations between the emerging potencies.
The umbrella agreement (Master Agreement) defines the [...]

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CIT and Dell launch two preferred partnership financing programs in Brazil and Mexico

Comments Off | 06-2-2011

CIT Group Inc, a leading provider of financing to small businesses and middle market companies, and Dell Tuesday announced the launch of two preferred partnership financing programs in Brazil and Mexico. The programs will provide financing to large enterprise customers looking to acquire Dell solutions.
Ron Arrington, Global President, CIT Vendor Finance, reiterated his delight to [...]

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Travelex enters Brazilian market with acquisition of Grupo Confidence

Comments Off | 05-30-2011

Travelex, the world’s leading foreign exchange specialist, Friday announced its entry into the Brazilian market through the acquisition of Grupo Confidence (Confidence), Brazil’s largest independent foreign exchange business. The transaction is consistent with Travelex’s growth strategy, which is focused on expanding in fast growing regions and emerging markets.
Under the terms of the agreement, Travelex will [...]

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Cielo acquires leading company in payment processing for e-commerce in Brazil, Braspag

Comments Off | 05-30-2011

Cielo S.A., the leading merchant acquirer and payment processor in Brazil, announced that it has acquired 100 per cent of the capital stock of Brazil’s leading company in payment processing for e-commerce, Braspag – Tecnologia em Pagamento Ltda. (Braspag). The acquisition was undertaken via a subsidiary of Cielo S.A.
Founded in 2005, Braspag is known for [...]

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Cayman Islands based Equity Partners Fund SPC unveils new segregated portfolio to invest in Brazil

Comments Off | 05-16-2011

Cayman Islands based Equity Partners Fund SPC has established a new segregated portfolio which will conduct business under the name Funchal Equity Partners Fund to make investments into Brazil.
Banif Banco de Investimento (Brazil) S.A. has been engaged to conduct valuations of potential transactions and to assist in the hiring of companies that can conduct due [...]

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Mosaico acquires 40 per cent of Brazil’s ClickOn with closure of round of financing

Comments Off | 05-6-2011

ClickOn, one of the leading group buying sites in Brazil, closed a round of financing with Mosaico, an Organizacoes Globo company focused on investing in Internet businesses. With the deal, Mosaico now acquires 40% of ClickOn. The group-buying market in Brazil should exceed US$ 700 million in sales in 2011 and continues to be the [...]

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3i launches expansion move into Brazil with new team and office

Comments Off | 04-20-2011

3i Group plc, an international investor focused on Private Equity, Infrastructure and Debt Management, has appointed Marcelo Di Lorenzo, previously of Standard Bank Private Equity, to head its newly-established office and team in Brazil.
Marcelo will head a team which has an established track record over the last 15 years, having worked on private equity transactions [...]

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