April 23, 2024
Loans

Woman who used dead ‘uncle’ to get bank loan arrived by taxi

Weird But True By Snejana Farberov Published April 18, 2024, 1:06 p.m. ET It should have been a dead giveaway. The Brazilian woman who took her dead uncle into a bank to sign a loan in her name arrived there by taxi — with video even showing the driver helping her move the corpse from

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Funds

Vantage Markets’ #TradeForHope Campaign Raises Vital Funds for Instituto Claret in Brazil

PORT VILA, Vanuatu, March 27, 2024 /CNW/ — Multi-asset broker Vantage Markets (“Vantage”) recently concluded its #TradeforHope initiative, dedicated to supporting Instituto Claret, a prominent charity organisation in Brazil. Vantage Markets’ #TradeForHope Campaign Raises Vital Funds for Instituto Claret in Brazil Instituto Claret is devoted to enhancing the lives of vulnerable communities through a range of initiatives,

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Investment

Presidents of Brazil, France announce green investment plan on Amazon visit

French President Emmanuel Macron kicked off a visit to Brazil on Tuesday with the launch of a billion-euro Amazonian green investment plan alongside his counterpart Luiz Inacio Lula da Silva. The pair’s trip to Belem, the northern host city of a major UN climate summit next year, makes Macron the first president of France to

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Loans

Brazilian FinTechs Under Pressure as Delinquency Rates Soar

Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on unsecured loans offered by companies like Open Co, Nexoos and Gyra+ have exceeded 60%, prompting measures such as mergers, downsizing expansion plans and asset sales, Bloomberg reported Monday (March 27).

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Investment

Four Signs LATAM’s Circular Economy Investing Is Heating Up

The circular economy in Latin America is buzzing with developments that investors need to know about. I’ve written previously about some of the opportunities to invest for growth in Latin America that can drive returns that PE and VC investors are longing to see, while also building out a circular economy in the region. After

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