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  • Itaú's startup hub opens new HQ

    8/16/18
    Brazilian bank Itaú's Cubo cut the ribbon on a new building in São Paulo that is four times larger than the previous one and with capacity to house 250 startups and receive 2,000 people daily. Launched in September 2015 by Itaú...

  • Brazilian economy contracts

    8/16/18
    Brazil's economy contracted in the second quarter due to negative effects of a nationwide truckers strike at the end of May. The central bank's economic activity index, a GDP proxy known as the IBC-Br, fell 0.99% in 2Q18 compared...

  • Venezuela braces for 'gasolinazo'

    8/14/18
    Venezuelans are set to pay international prices for gasoline as the government removes a decades-old subsidy program to tackle smuggling. President Nicolás Maduro said the sale of contraband Venezuelan fuel was costing state-run...

  • Brief: Banco do Brasil offers Apple Pay

    8/14/18
    Brazil's state-run bank Banco do Brasil started offering mobile payment service Apple Pay for its clients. The bank is following the its local rival Itaú Unibanco, which in April became the first Brazilian bank to offer this...