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Brazil
05 April 2023

Chinese-Brazilian Bank BBM to begin clearing operations without USD in July
The first institution accredited to operate the China Interbank Payment System (Cips) payment platform in Brazil, Bocom BBM plans to begin in July clearing operations between Brazil and China without the use of the dollar.
31 March 2023

Brazil and China central banks agree to boost yuan-real transactions
The central banks of Brazil (BC) and China (PBC) signed a memorandum of understanding to enable a financial instrument that allows transactions to be made in yuan, Chinese currency, and converted into reais in " faster and less costly way".
02 March 2023

EDP launches EUR 1 billion capital increase to gain full control of EDP Brasil
EDP wants to buy the 44% of EDP Brasil that it does not control and to finance the offer it is preparing a capital increase of EUR 1 billion, 600 million of which will come from its largest shareholders, including the biggest, China Three Gorges.
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