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09/05/17 Brazilian mobile market shows signs of recovery

Mobile phone sales in Brazil have been showing signs of recovery in 2017 after the decline seen as a result of the economic slowdown, according to a new study by analyst firm IDC. Some 12,8 million devices sold in the second...

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09/01/17 Estabilidade no semestre é melhor resultado para o período desde 2014

O Produto Interno Bruto (PIB) brasileiro acumulado no primeiro semestre ficou estável, no melhor resultado para um semestre desde os primeiros seis meses de 2014, quando subiu 1,5%. Desde então, o PIB do país vinha apresentando...

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08/31/17 Brazilian government debates first national digital strategy

The Brazilian government has launched a public consultation to define the country's first national digital strategy. Within the debate, which has been receiving input from the civil society during this month, initiatives and...

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08/30/17 BNDES’s credit for machinery and equipment increases 90% in July

The BNDES disbursements for financing machinery and equipment accelerated in July, resulting in a 10% increase in disbursements from Finame, a line of credit for capital goods, in the first seven months of the year. R$11 billion...

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08/30/17 Wal-Mart eyes $316 million in Brazil store reforms through 2019

Wal-Mart Stores Inc (WMT.N) plans to invest around 1 billion reais ($316 million) in Brazil through 2019 to refurbish about 120 stores, as larger rivals in Latin America’s biggest economy invest heavily to retain cash-strapped...

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08/29/17 Facebook unveils center to teach Brazilian coders, entrepreneurs

Facebook Inc on Monday unveiled its first training center in Latin America for coders and entrepreneurs, encouraging technology careers for young Brazilians saddled with staggering unemployment after a deep economic crisis. The...

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08/28/17 Brazil minister says Eletrobras privatization will not lift rates

The Brazilian government’s plan to privatize power holding company Centrais Eletricas Brasileiras SA will not lead to an increase in electricity prices, Mining and Energy Minister Fernando Coelho Filho said on Friday. In an...

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08/24/17 Brazil regulator discloses details for pre-salt oil auctions

Brazil's oil regulator ANP on Wednesday released details about the upcoming auctions of oil exploration rights in the promising pre-salt offshore area that are scheduled for Oct. 27. Through production sharing contracts, firms...

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08/24/17 Beyond Fintech: A Pragmatic Assessment Of Disruptive Potential In Financial Services

For years Fintech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same question: “Will small technology-enabled ‘fintech’ start-ups redefine the way that...

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08/21/17 Abengoa Brazil unit gets approval from creditors for restructuring plan

The Brazilian unit of struggling Spanish energy and infrastructure group Abengoa SA obtained approval from creditors on Friday for its in-court debt restructuring plan, said a lawyer representing one of the creditors. Abengoa has...

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08/16/17 ApexBrasil Promotes Opportunities in the Brazilian Solar Power Industry

Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, in partnership with the Brazilian Photovoltaic Solar Energy Association (ABSOLAR), and the U.S. Commercial Service will be hosting the seminar “Invest in Brasil...

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08/16/17 Brazil Ratings Removed From CreditWatch And Affirmed At 'BB/B'; Outlook Is Negative On Ongoing Policy Challenges

Rating Action On Aug. 15, 2017, S&P Global Ratings removed its 'BB' long-term foreign and local currency sovereign credit ratings on the Federative Republic of Brazil from CreditWatch, where we had placed them with negative...

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08/16/17 Brazil softens budget deficit goals through 2020

Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-...

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08/11/17 Há expectativa de queda adicional da Selic, aponta Ilan

Há expectativa de quedas "adicionais" da taxa Selic, disse nesta sexta-feira o presidente do Banco Central (BC), Ilan Goldfajn, segundo o qual o processo de convergência da inflação para a meta de 4,5% no horizonte relevante para...

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08/11/17 Uber Rival 99 Embarks on Massive Brazilian Hiring Spree

Brazil’s unemployment rate is near its record, but at the headquarters of ride-hailing app 99 it’s nowhere in evidence. The country’s biggest taxi-beckoning tech company is outgrowing its Sao Paulo office after just 17 months as...

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08/11/17 Investors unfazed by wider fiscal deficit outlook in Brazil

When former Brazilian President Dilma Rousseff's government repeatedly missed its fiscal targets, investors fled the country. Now that her successor, Michel Temer, seems poised to do the same, financial markets appear unperturbed...

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08/10/17 Brazil inflation turns positive in July; annual rate slows

Brazilian consumer prices rose in July on higher power costs and a fuel tax hike following deflation in June, even as the annual rate fell to its lowest in 18 years, data showed on Wednesday. Prices as measured by the benchmark...

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08/10/17 Brazil's Cosan sees improving returns for ethanol

Energy and infrastructure company Cosan SA Indústria e Comércio said on Thursday ethanol sales were giving better returns than sugar in some Brazilian states, a factor that could change its current production mix. Executives of...

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08/10/17 $309 Million Emerald Weighing Nearly 800 Pounds Was Just Found in Brazil

A massive 794-pound emerald was unearthed recently by miners inside the Carnaiba Mine in Brazil. This incredible emerald specimen stands 4.3 feet tall and is valued at approximately $309 million. The emerald is now owned by a...

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08/10/17 Brazil’s pension and tax reforms back on track, says Meirelles

Brazil’s finance minister Henrique Meirelles has predicted that a controversial pension reform will be passed by the end of this year in spite of a political crisis that has weakened the government of Latin America’s biggest...

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