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News & Articles

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06/05/18 Accor Hotels starts facial recognition trials in Brazil

Accor Hotels has started a facial recognition trial in Brazil as a means to improve customer service delivery. Selected guests of the hotel's loyalty program will be the first users the new technology at a Pullman hotel in São...

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06/05/18 EMERGING MARKETS-Brazil stocks up as Petrobras shares bounce back

BRASILIA, June 4 (Reuters) - Brazilian stocks rose on Monday, propelled by rebounding shares of Petróleo Brasileiro SA after the appointment of a former top executive as its chief executive reduced concerns of government meddling...

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06/05/18 Walmart sells majority of Brazil unit, takes $4.5 billion charge

NEW YORK/SAO PAULO (Reuters) - Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third...

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06/01/18 Brazil returns to uneasy calm as protests wind down

RIO DE JANEIRO/SAO PAULO (Reuters) - Brazil showed signs of returning to normal on Thursday as an oil workers union ended a strike ahead of schedule and an 11-day trucker protest wound down, a welcome breather for a government...

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06/01/18 Enel Ends Up on Top in Bid War for $2 Billion Brazil Utility

Italian power giant Enel SpA won a highly contested multibillion-dollar battle for AES Corp.’s Brazilian utility in a move that will more than double its presence in the country’s electricity distribution market. Enel’s 45.22...

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06/01/18 BRAZIL HAS PROJECTS TO ATTRACT US $ 4 BILLION IN INVESTMENT IN AGRICULTURE

In attending the Brazil Investment Forum, the Minister of Agriculture, Blairo Maggi, presented a portfolio of agricultural projects with the potential to attract more than US $ 4 billion in foreign investments. According to the...

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05/31/18 Soy Arrives at Port, Poultry Plants Resume: Brazil Strike Update

Now in its 10th day, the national strike by Brazilian truck drivers has weakened as the army and Federal Police work to unblock roads. Trucks carrying soybeans regained access to Paranagua Port while poultry and pork slaughtering...

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05/31/18 More People Opening Crypto Trading Accounts In Brazil Than Traditional Securities

Brazilians never miss a tech trend. They’re rarely ever out in front. But when they follow, they follow for real and stick with it. Within Latin America, look for Brazil to be the cryptocurrency ringleader both on the regulatory...

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05/31/18 Brazilian processing plants invest in automation

In the last five to eight years, the Brazilian poultry processing industry has made a huge effort to automatize its manufacturing processes. “Brazilian entrepreneurs traveled to Europe and the US to observe the processing plants...

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05/29/18 Brazil: Staff Concluding Statement of the 2018 Article IV Mission

A mild recovery supported by accommodative monetary and fiscal policies is underway. But the output gap is large, public debt is high and increasing, and, more importantly, medium-term growth prospects remain uninspiring, absent...

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05/29/18 "Brazil has given a great example of how to overcome a crisis", says Moreira Franco

The Minister of Mines and Energy, Moreira Franco, stated that Brazil has given a great example of how to overcome a crisis. He added that “now is the time” to invest in Brazil, especially after the introduction of several...

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05/29/18 Brazil to implement variable tax on diesel imports -minister

SAO PAULO, May 28 (Reuters) - Brazil will implement a variable tax on diesel imports to stabilize local diesel prices whenever global prices fall below the local benchmark, Finance Minister Eduardo Guardia said on Monday.

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05/25/18 Government and lorry drivers sign agreement to suspend strike

After three days of negotiations, the Brazilian government and lorry driver organisations reached an agreement on Thursday (24 May) to suspend the strike for 15 days and resume supplies around the country. Commitments undertaken...

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05/25/18 European utility power struggle goes to the wire in Brazil

MILAN/MADRID, May 24 (Reuters) - A bitter feud over a Brazilian power grid operator has taken a global rivalry to new levels as Europe’s top two utilities ready $1.5 billion-plus bids for Eletropaulo. Brazil’s biggest power...

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05/25/18 ENTITY DEFENDS INCREASE BIODIESEL PERCENTAGE TO DIESEL TO SOLVE CRISIS

During a meeting with the Minister of Mines and Energy, Moreira Franco, to discuss the crisis in fuels, especially gasoline and diesel, to Brazilian Association of Vegetable Oil Industries (Abiove) proposed to increase the blend...

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05/24/18 Chamber's Report: Key Issues Facing Brazil's Sugar and Ethanol Industry

Sugarcane in Brazil is a highly versatile crop and an important part of Brazil’s economy. Sugar is Brazil’s fourth largest export with $8.1 billion of proceeds (4.4% of total exports), and sugarcane is the number one source of...

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05/24/18 Chinese unicorn Mobike readies Brazil launch

Chinese startup unicorn Mobike will start a pilot of its dockless cycle hire operation in the Brazilian city of São Paulo next month with plans to replicate the success it enjoys in its home market. The company has been...

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05/24/18 ‘This Noise That Never Stops’: Wind Farms Come to Brazil’s Atlantic Coast

GALINHOS, Brazil — At night, blinking red dots fill the sky, and the sound of whooshing rotating blades is everywhere — constant reminders of the wind’s abundant presence here on Brazil’s Atlantic coast and its harvesting as a...

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05/24/18 US-Brazil open-skies deal enters into force

The deal took effect after an exchange of diplomatic notes between the two governments on 21 May, says the regulator. While an open-skies agreement was first signed in March 2011, the deal has taken years to be ratified and only...

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05/22/18 Disney Expansion Turning Orlando Into Hotspot For Brazil Real Estate Investors

Tosiyuki Nakamura. Odds are you have no idea who that man is, or where he is from. It is not Japan. Nakamura is a Brazilian. He says he brings in $2,900 per month from a three-bedroom vacation home bought in 2017 for $330,000 at...

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