brazil

Brazil is on the verge of voting on a cryptocurrency regulation bill. The bill is expected to be presented to the Plenary of the Chamber of Deputies within the next few days. Bill 2.303/15, which regulates cryptocurrencies, would approve the legal use of the asset. Brazil’s Federal...

An Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) has been approved by the Brazilian Securities Commission (CVM) to trade on the B3 stock exchange. What Happened: According to a report from Brazilian media outlet Info Money, the passive Ethereum ETF managed by QR Asset Management will...

Claudio Oliveira, former head of Brazil-based crypto brokerage firm Bitcoin Banco Group, was arrested on Monday for embezzling $300 million worth of investors’ funds. What Happened: According to a press release from Brazil’s federal police, authorities issued arrest warrants for...

What Happened: Berkshire Hathaway Inc (NYSE: BRK-A), led by renowned investor and Bitcoin (CRYPTO: BTC) critic Warren Buffett, has invested $500 million in Brazilian digital bank Nubank. In an announcement on Tuesday, the company said that the capital would also be directed towards the company...

Apple Inc. (NASDAQ: AAPL) has been fined nearly $2 million in the Brazilian state of Sao Paulo for selling the iPhone 12 series without chargers. What Happened: Brazil’s consumer protection agency Procon-SP decided to fine Apple for the tech giant’s decision to remove the power adapter...

Brazil-based fintech company PagSeguro Digital Ltd (NYSE: PAGS) offers investors an impressive growth story and it likely ranks as the third-largest digital bank in the country, according to JPMorgan. The PagSeguro Digital Analyst: Domingos Falavina upgraded PagSeguro Digital's stock from...

A BofA Securities survey of Brazilian e-commerce shoppers indicates a decline in purchase intent versus reported purchases across almost all categories. This contradicts the earlier view of active app user strength, according to the sell-side firm.  The Latin America E-Commerce...

Pfizer Inc (NYSE: PFE) is in negotiations with the government of Brazil to supply its COVID-19 vaccine to the country, Reuters reported Thursday. What Happened: The negotiations are reportedly centered around supplying the vaccine in the first quarter of 2021. “We are working strongly with...

Brazilian health regulator has decided to halt clinical trials of a frontrunning Chinese vaccine following a “severe adverse event” observed in a participant, Bloomberg reported Monday. CoronaVac, a vaccine candidate developed through joint efforts by Chinese biopharma...

Amazon Inc (NASDAQ: AMZN) has expanded its e-commerce logistics centers in Brazil to eight, according to a Reuters report on Monday. What Happened: The company has added three new centers in the states of Minas Gerais and Rio Grande do Sul and the capital city of Brasilia....

Shares of Roku Inc (NASDAQ: ROKU) are up in after-hours trading after beating third-quarter earnings estimates with strong advertising growth.  Financials: In the third quarter, Roku had revenue of $451.7 million. This was a 73% year-over-year increase for the company and easily beat...

United States President Donald Trump and First Lady Melania Trump confirmed they have tested positive for the coronavirus early Friday morning.  Trump is one of several world leaders who has downplayed the virus. Trump has been vocal against wearing masks, even criticizing former Vice...

Benzinga took a look at high profile IPOs coming in the second half of 2020. Six of those 13 companies could price the week of September 14. Here is a look at the 12 companies expected to go public. Amwell: Alphabet Inc. (NASDAQ: GOOG) backed Amwell (NYSE: AMWL) plans to sell 35 million shares...

The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness from the technology sector. Remember This: “August benefited from multiple tailwinds, resulting in one of the best Augusts on record. Those tailwinds look stretched and at risk, however,” said Brad...