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ITAU BANK
Brazil's Itau agrees to buy AI startup NeoSpace for $589 millionIn a significant move to enhance its artificial intelligence capabilities, Brazilian lender Itau has agreed to acquire NeoSpace AI for 2.92...- 40-plus bilateral missions between India & Brazil since September 2023 as two seek to upgrade partnershipPM Narendra Modi’s proposed visit to Brazil in November for the G20 summit is expected to boost partnership with Latin America’s biggest ec...
- Brazilian lender Itau launches crypto tradingInitially, Itau's new service will allow trading of bitcoin, the most popular cryptocurrency, as well as ether, but the lender aims to late...
- The global sugar shortage is about to ease thanks to a corn supply boomFor consumers fighting rampant food inflation, the plunging sugar prices will be a respite. The global sugar shortage had caused prices of ...
- Singapore's Shopee changes the game in Brazil's ecommerce sectorShopee took just two years to become Brazil's most-downloaded shopping app, winning users to its low-cost marketplace with its game-changin...
- Buffett-backed Nubank to seek IPO valuation of over $55 bn: SourcesIn a recent funding round led by Warren Buffett's Berkshire Hathaway Inc, Nubank was valued at $30 billion. With 40 million clients in Lati...
- Facebook relaunches WhatsApp money transfers in BrazilWhatsApp had launched its payments services in Brazil in June, but the central bank suspended it some days later alleging it could damage t...
- WhatsApp Business to make interaction with services easierWith the new app, the Facebook-owned company hopes that businesses will be able to establish direct contact with consumers seamlessly while...
- Iron ore in free fall as port holdings expandIron ore’s in free fall. Prices dipped as port stockpiles in China expanded to the highest level in more than a year.
- India to have strong presence at WEF's Davos meetAmong other engagements, Finance Minister Arun Jaitley is expected to talk at WEF on how new leadership is transforming the business.
- WEF Davos meet next week; Arun Jaitley, Piyush Goyal to participateMeeting against the backdrop of the world economy facing multiple challenges, the 45th edition of the WEF meet would discuss 'The New Globa...
- Global investment firms losing market share to local competitors in developing nationsStagnant revenue, job cuts and pressure to shrink quickly and curb compensation have weighed down banks based in London, Zurich and New Yor...
- Defaults poised to grow from Brazil to India as rates climbState Bank of India, the nation's largest lender, said last month that higher provisions for bad debts cut fourth-quarter profit by 99%.
- Attractive valuations spark search for BRIC bargainsThe biggest drop in emerging-market stocks since October 2008 is giving money managers the chance to find bargains in world-class companies...
- US IPO market flexes muscle raising $10 bn in 1 dayThere is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the cr...
- Banco Santander to invest $1.2 bn in Brazil unitSpain's Banco Santander will invest $1.2 billion over the next two years in its Brazilian operations and open 400 new branches, bank presid...
- Slippery crude knocks Petrobras, Brazil real dropsBrazilian stocks eased on Friday as falling commodity prices knocked Petrobras and Vale, while the local currency fell sharply against the ...
- Daiwa and Brazil's Banco Itau to form tiesJapan's Daiwa Securities Group Inc will tie up with Brazil's Banco Itau in five areas including asset management and investment banking.
- SBI, ICICI Bank beats MasterCard on brand valuationThe country’s number one commercial bank, the government-owned State Bank of India (SBI) and leading private sector bank, ICICI Bank (ICICI...
- Institutions expect a hike in education loan limitPrivate educational institutions and industry are expecting the government to raise in the next Budget the limit of educational loans from ...
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