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01/12/18 BRAZIL: Ethanol Demand Expected To Increase 60% In 2018, Says NexSteppe

The RenovaBio program - which aims at increasing biofuels consumption - and rising gasoline prices in Brazil should lead to a 60% growth in local ethanol demand, said Henrique Falqueiro, director of NexSteppe, which operates in...

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01/11/18 Over $54bn will be spent on Brazil’s upstream capex to 2020

GlobalData expects that an average capex of $18.2bn per year will be spent on 382 oil and gas fields in Brazil between 2018 and 2020. Capital expenditure into Brazilian traditional oil projects will add up to $47.2bn over the...

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01/10/18 Corporate Brazil Is Moving Past Its Scandals

Talk of a recovery abounds in corporate Brazil today. Of course, what constitutes improvement for a sector crippled by a pay-for-play scandal and multi-year recession can seem tepid, even a bit curious, to the outside observer....

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01/10/18 Car industry grows in 2017 after 4 years of decline

With the end of the recession and the improvements in the economic environment, the Brazilian automotive industry resumed growth after four years of decline. In 2017, automobile production increased 25.2%, with a 9.2% growth in...

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01/10/18 World's Best Breezes Lead to Cheapest Wind Power in Brazil

In northeast Brazil, beyond the resorts and pristine beaches, lie some of the world’s best winds for generating electricity. Welcome to Serra Branca. It’s a wind generator’s heaven, featuring breezes so perfect for spinning...

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01/09/18 Brazil stocks hit record high on election optimism

Brazilian stocks edged higher to mark a record close on Monday, underpinned by optimism over the nation's fiscal outlook as well as a strong flow of international investment. The benchmark Bovespa stock index continued its climb...

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01/09/18 Meirelles: Priority is approving pension reform

Speaking during a press conference on Monday (8 January), Finance Minister Henrique Meirelles reinforced the point that the priority of the Brazilian government is to approve the pension reform in order to ensure the...

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01/09/18 Brazil hits 1 GW solar milestone

Brazil is the second Latin American country to cross the 1 GW mark of installed PV capacity after Chile. According to statistics released by the local solar association ABSOLAR, the country has reached a cumulative installed...

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01/08/18 All you need to know about Brazil's first tech unicorn

Chinese mobility firm Didi Chuxing has acquired the majority of Brazilian ride-hailing company 99, placing it on the list of global tech unicorns. The announcement of the acquisition last Wednesday follows the acquisition of a...

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01/04/18 Brazil 2017 home prices fall for first time in at least a decade

Residential real estate prices in Brazil fell in nominal terms for the first time in at least a decade in 2017, a study by real estate group FipeZap showed on Thursday, highlighting continued risks in Brazil’s housing market. The...

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01/04/18 Brazil announces end to Amazon mega-dam building policy

Brazil’s government this week announced a major shift away from its policy of building mega-dams in the Brazilian Amazon – a strategy born during the country’s military dictatorship (1964-1985) and vigorously carried forward down...

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01/03/18 China’s Didi to buy Brazil’s 99 in $1B deal to take on Latin America

A year ago, Didi made a big move into Brazil when it laid down over $100 million to take a stake in 99, a local competitor to Uber in the app-based ride hailing market. Now, on the heels of getting a massive $4 billion investment...

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01/02/18 Brazil 2017 trade surplus widens to record $67 bln

Brazil posted a record $67 billion trade surplus in 2017, a 41 percent increase from the year before, data from the trade ministry showed on Tuesday. The December trade surplus came in at $4.998 billion, higher than the $4.061...

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01/02/18 Mercado espera crescimento de 2,70% no PIB de 2018, apura Focus

Os economistas consultados pela pesquisa semanal Focus, do Banco Central, fizeram um leve ajuste para cima nas projeções para o crescimento da economia brasileira em 2017 e em 2018, segundo a mediana das estimativas divulgadas...

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01/02/18 Market forecasts more interest rate cuts and GDP growth in 2018

The financial market is increasingly optimistic with the scenario for 2018. Projections surveyed by the Central Bank show that leading economics experts have improved their forecasts for inflation, interest rates and growth in...

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01/02/18 Shippers benefit as China laps up Brazilian iron ore

U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore...

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12/21/17 Auction generates savings of R$ 68.5 billion for energy consumers

The energy auction carried out by the Brazilian government on Wednesday 20 December had better results than expected, with a discount of 38.7%. For energy consumers, this means an economy of R$ 68.5 billion. For the country, the...

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12/21/17 Canadian Pension Plan Invests in Brazilian Power

The Canada Pension Plan Investment Board (CPPIB), which invests the assets of the C$328.2 billion ($255.1 billion) Canada Pension Plan, has formed a joint venture with Brazil’s Votorantim Energia to invest in the Brazilian power...

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12/20/17 Brazil to issue electronic visas for tourists from four countries

By October this year, tourists visiting Brazil to discover our culture, history and natural beauty had already spent more than US$ 4.8 billion in the country. To further strengthen Brazilian tourism, visitors from Australia,...

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12/20/17 Entrepreneurs defend pension reform

Leaders from major productive segments of the country met with President Michel Temer to declare their support for Pension Reform and call for urgent action to approve the bill. During the meeting, leaders of important sectors...

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