Latest news with #SãoPaulo
Yahoo
2 hours ago
- Business
- Yahoo
Brazilian Fintech Firm Méliuz Plans $78M Equity Offering to Buy Bitcoin, Shares Plunge
Brazilian fintech Méliuz (CASH3), which serves over 30 million users in the country, is launching a public share offering to raise up to R$450 million ($78 million), with plans to allocate all proceeds to purchasing bitcoin BTC. The offering, announced Friday in a securities filing, consists of an initial issuance of 17 million common shares, with the possibility of expanding to 51 million depending on demand. Shares will be sold exclusively to professional investors in Brazil and abroad under automatic registration rules. Each share purchased will come with a package of free subscription warrants divided into 10 series, allowing investors to buy additional stock at set prices in the future. At current share prices, Méliuz expects to raise around $26 million, but that figure could triple if overallotment options are exercised. Investors participating in the offering will also receive 50.6 million warrants, of which up to 152 million will be issued in total under maximum subscription conditions. Méliuz will use the raised funds to acquire BTC, positioning it as a "primary strategic asset" in its treasury. The firm, known for its cashback and financial services platform, revealed it was allocating 10% of its cash reserves to BTC back in March. Warrant trading is expected to begin on June 16, with share settlement and crediting of the bonus instruments by June 18. The company currently holds 320.2 BTC. Its shares dropped more than 8% in Friday's trading session. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 hours ago
- General
- Yahoo
Matheus Cunha called up for Brazil, ex-teammate praises him 🎥
Manchester seems to be the next destination in the career of striker Matheus Cunha, with several journalists confirming that United will sign him from Wolverhampton. But an important part of the journey to Old Trafford, including appearances for the Brazilian National Team, took place in the city of Leipzig, where the striker played for about a year and a half. Advertisement Wearing the German club's shirt, Cunha scored a stunning goal that was nominated for the Puskas Award in 2019 (watch below) and left fond memories among his teammates. "Great things are coming for him," said goalkeeper Peter Gulacsi of RB Leipzig in an interview with OneFootball during the team's visit to São Paulo for a friendly against Santos. One of these big moments could, who knows, be with the Brazil shirt, since the 26-year-old striker was included in Carlo Ancelotti's first call-up list as coach of the national team. Check out below how Gulacsi describes Matheus Cunha on and off the field: Advertisement This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here. 📸 ROBERT MICHAEL
Reuters
a day ago
- Business
- Reuters
Moody's changes Brazil's outlook to stable from positive, affirms Ba1 ratings
SAO PAULO, May 30 (Reuters) - Moody's Ratings on Friday changed its outlook on Brazil to stable from positive while affirming its Ba1 ratings, citing a deterioration in debt affordability and "slower-than-expected progress in addressing spending rigidity and building credibility around fiscal policy."
WebMD
a day ago
- General
- WebMD
Faith, God, and Dopamine
During my most severe manic episode, I became fixated on questions of spirituality and religion. I was a frequent visitor to a Buddhist temple near our house, and I began to revisit the Catholic faith of my youth. I even started entertaining thoughts that I might be a prophet or messiah. Interesting, given that I've been an atheist and a skeptic of all things spiritual my entire adult life. In the U.S., it's estimated that 15% to 22% of bipolar individuals with mania experience religious delusions, such as thinking that demons are watching them or that they are Christ reborn, according to a review of studies on the frequency of religious delusions in people with schizophrenia, bipolar disorder, and other severe mental disorders in the Archives of Clinical Psychiatry (São Paulo). Short of delusions, hyperreligiosity can be hard to identify among those actively practicing a faith. Many people turn to the comfort of their faith to help them through trying times, so an uptick in religious thought and activity can be viewed by family, friends, and even mental health providers as a normal response to one's illness. It's only when behavior falls outside of social norms that it becomes concerning. Kanye West is arguably an example of this difficulty playing out against the backdrop of artistry and fame. Kanye's public on-again, off-again approach to medication for treating his bipolar disorder has been linked to erratic behavior. While he has referenced God and Jesus throughout his career, his adoption of the nickname 'Yeezus,' statements about his single 'I Am A God,' and leading of public and private worship services have been alternately interpreted as a 'God complex,' an artistic device, or an evolution of his personal faith. So there I was. An atheist turned dime-store Yeezus. What was going on? A clue lies in reports of patients dealing with a very different type of neurological disorder: Parkinson's disease. People with Parkinson's disease experience a degeneration of dopamine-producing neurons in certain prefrontal circuits. Because mania is associated with excess dopamine production in those same circuits, it's compelling to think that dopamine may be the fuel for religiosity in the brain. It also explains why, when my dopamine levels were curbed with antipsychotic medications, my hyperreligiosity was, too.[1] In my Roman Catholic boyhood, I had to choose a confirmation name based on a saint with whom I felt some affinity. I chose Saint Paul because he was smart, stubborn, and hard to win over. He only converted to Christianity after being struck temporarily blind by a bright heavenly light. Something about a saint who was a nonbeliever until God smacked him in the face resonated with me. I don't consider myself anti-religious, and I don't see religion and science as inherently at odds with one another. I think that science can elucidate the physiological mechanisms by which our brains work, regardless of whether you see the hand of God working through those mechanisms or not.
Reuters
a day ago
- Business
- Reuters
Brazil's Azul aims to exit Chapter 11 early 2026, says exec
SAO PAULO, May 30 (Reuters) - Brazilian airline Azul (AZUL.N), opens new tab aims to exit Chapter 11 proceedings early next year, Fabio Campos, institutional and corporate vice-president, told reporters in a press conference on Friday. Asked about plans to combine operations with local airline Gol ( opens new tab, Campos said Azul will now focus primarily on its financial restructuring process. Azul filed for Chapter 11 in the United States earlier this week.
