The information was released this week by the “Comex do Brasil” website and shows Brazilian companies currently is the world leader on halal animal protein for both production and exports. “The Arab world is of great importance to the Brazilian economy. It is an extremely promising market and we need to strengthen our bilateral relations increasingly because this market still has a high potential”, said Ali Saifi, CEO of Cdial Halal, a certifying entity of halal practices.

 

Via Poultry World

 

Read full article here

Brazil reopened Wednesday to foreign visitors arriving by plane, hoping to revive its lockdown-devastated tourism industry despite the rapid spread of the new coronavirus in the country.

In a decree published in the government gazette, Brazil extended coronavirus-related bans on foreign travelers arriving by land or sea for another 30 days, but said the four-month-old restrictions “will no longer bar the entry of foreigners arriving by air.”

 

Via Macau Business.com

 

Read full article here

Discover the best investment opportunities in Brazil focusing on the US audience.

Time to invest wisely.

Join us August 11th at 10:30am (in Brazil GMT -3) for the Invest in Brasil Infrastructure – US Session. The event is part of a series of online seminars in 2020 that will present the best investment opportunities in the country. This time focusing on the US audience.

The Infrastructure sector is one of the priorities of the Brazilian Federal Government. In addition, the U.S.-Brazil CEO Forum has also included infrastructure as a priority topic in its recommendations. Follow in this event what Brazil has been doing to become more attractive to the American capital and show the best projects to leverage the country and bring return to its investors.

Follow this high-level debate and learn about the prospects for infrastructure in Brazil’s economic development and also learn about the best infrastructure projects available for investment.

Great projects; space for networking and renowned keynote speakers.

All in a single event. Online. Get connected.

Invest in Brasil.

 

INVEST IN BRASIL INFRASTRUCTURE –
US EDITION
Date: August 11th
Time: 10:30AM (in Brazil, GMT -3)
Location: Online, broadcast from Brasil and USA

 

Register Here

RIO DE JANEIRO (Reuters) – Chinese drug company Sinopharm and Parana state have agreed to launch the fourth major COVID-19 vaccine trial in Brazil and will seek regulatory approval in the next two weeks, the Brazilian partners said on Wednesday.

A trial by Sinopharm would join Phase III trials already announced in Brazil by AstraZeneca, Sinovac Biotech and a Pfizer partnership with BioNTech.

 

By Pedro Fonseca via Reuters

 

Read full article here

Brasília – Brazil’s federal government has included five state-run fishing ports in its privatization effort, the Investment Privatizations Program (PPI). A decree published in the Official Gazette this Tuesday (28) provides that ports in Natal, Rio Grande do Norte; Aracaju, Sergipe (pictured); Vitória, Espírito Santo; and Santos and Cananeia, in the state of São Paulo.

 

Via Brazil-Arab News Agency

 

Read full article here

(Bloomberg) — One of the world’s worst hotspots for the coronavirus is also seeing the fastest pace of initial public offerings in more than a decade.

From builders to retailers, five Brazilian companies are due to hold IPOs over the next two weeks, the highest number for any fortnight since 2007, according to data compiled by Bloomberg. An education firm, which is going public in the U.S. but has yet to announce a pricing date, could boost the tally to six.

By Vinicius Andrade, Andre Romani Pinto and Felipe Marques via Bloomberg Quint

 

Read full article here

São Paulo – High-priced beef on international markets has triggered a quest for more affordable protein in Egypt, and this has helped pave the way for sales of Brazilian-made chicken products to the Arab country. About a week ago, Egypt gave the greenlight to imports of poultry-based products from Brazil. The category includes items such as nuggets, canned chicken meat, chicken sausages and chicken mortadella. Sales have also been cleared for the processed turkey product known as ‘blanquet’ in Brazil.

“Strong demand for beef in China caused prices to go up quite significantly, by 19.2% year-on-year through May, so demand for cheaper proteins is going up,” the agricultural attaché at the Embassy of Brazil in Cairo, Cesar Simas Teles, told ANBA. He noted that total shipped volume of poultry from Brazil to Egypt climbed 27% year-on-year in H1.

 

Via Brazil-Arab News Agency

 

Read full article here

Event Summary

Following this unprecedented time in history of dismantling what was once “normal” means many businesses are being called to innovate. Employers have this moment to harness these challenges head on and create new systems to support their employees safely for future success.

According to the Department of Labor, 97.5% of the workforce has at least one working parent. Reopening the office for these particular employees requires more than a return to normal. It requires reinvention and accelerating operational solutions that counter uncertainty and set your workplace up to thrive.

Our digital speaker event features an incredible lineup of leading-edge voices and companies that offer support, information and real solutions to strengthen the workplace for your working parent employees. From safety and cleanliness to mental health, legal and financial support and even integrated family care, Back to Business: How Employees Can Support Working Parents During Reopening The Office & Beyond is an afternoon discussion not to be missed by any employer.

Hosted by the Co-Founder + CEO of WRK/360, Mary Beth Ferrante, we hope you will join us for this powerful exchange of ideas and information.

Event Schedule

  • Are We Returning to the Office? An opening statement by host, Mary Beth Ferrante
  • Supporting the Mental Health of our Parents and Children post Shelter-in-Place with Ms. Nelly Johnson, LMFT, Los Angeles County Department of Mental Health
  • Legal Considerations for Navigating COVIDs New World of Work with TiLT COO, Kait Feeney
  • Return to Work Success Stories to Inspire Your Workplace Plan with Quiana L. McCray, Leader, People & Culture
  • Flexible, Financial Support for Working Parents with Arvorie Co-Founder + CEO, Pedro Silva
  • Innovating Integration of Family Care at the Office as a Benefit with Ahmni Co. Founder + CEO, Jess Zaino
  • Audience Q + A moderated by host, Mary Beth Ferrante

 

Date And Time

Thu, July 30, 2020

1:00 PM – 3:00 PM EDT

BRASILIA, July 27 (Reuters) – The outlook for Brazil’s economy improved for the fourth week in a row, a central bank survey of economists showed on Monday, with signs of recovery from the worst of the crisis lifting some of the heavy gloom that had built up in recent months.

Brazil’s gross domestic product will shrink 5.8% this year, according to the central bank’s weekly ‘FOCUS’ survey of around 100 economists, compared with a GDP fall of 5.95% forecast last week and 6.5% a month ago.

 

By Jamie McGeever via Market Screener

Read full article here

BEIJING, July 26 (Reuters) – China’s soybean imports in June from top supplier Brazil soared to a record high, according to customs data released on Sunday, driven by growing demand for soybeans as China’s pig herd recovers after deadly outbreaks of African swine fever.

The world’s top soybean buyer brought in 10.51 million tonnes of the oilseed from the South American country in June, up 91% from 5.5 million tonnes in the previous year, data from the General Administration of Customs showed. The June figures were also up 18.6% from May imports from Brazil at 8.86 million tonnes.

 

Via Successful Farming

 

Read full article here

Advances made over the last year and particularly during the Covid-19 outbreak positioned Brazil as one of the fast-movers in digital government globally, according to the latest United Nations E‑Government Survey.

Brazil is one of the 18 countries in the Americas that ranked in the “very high” group of the report’s E-Government Development Index (EGDI) group for the first time, along with Argentina, Chile and Costa Rica.

 

By Angelica Mari via ZD Net

 

Read full article here

MOSCOW/SAO PAULO, July 22 (Reuters) – Russia shipped two wheat cargoes to Brazil this month, totaling 60,000 tonnes, in the first trades of their kind this year, according to people with knowledge of the matter.

Purchases of the Russian cereal, confirmed by sources at trading firms Sodruzhestvo and Glencore, followed a new tariff-free quota for Brazilian wheat imports from outside the Mercosur bloc, which includes neighboring Argentina, Brazil’s main wheat supplier.

 

By Polina Devitt, Olga Popova and Roberto Samora via Successful Farming

 

Read full article here

Brazil’s Resolution No. 70, of July 16 – published on Monday in official journal Diário Oficial da União will remove import duties for goods including several types of PV module, inverter and solar tracker.

The measure, taken by the Foreign Chamber of Commerce of the Ministry of Economy, listed 101 types of exempt solar module as well as some three-phase inverters and trackers.

 

By Pilar Sánchez Molina via pv magazine

 

Read full article here

Sao Paulo (AFP) – Brazil will begin advanced clinical testing of a Chinese-made vaccine against the new coronavirus Tuesday, issuing the first doses to around 900 volunteers, officials said.

The coronavirus vaccine, developed by private Chinese pharmaceutical firm Sinovac, is the third in the world to enter Phase 3 trials, or large-scale testing on humans — the last step before regulatory approval.

 

Via Yahoo News

 

Read full article here

RIO DE JANEIRO, July 20 (Reuters) – The New Development Bank of the “BRICS” group of leading emerging economies will lend Brazil $1 billion to help combat the economic damage from the COVID-19 crisis, the institution said on Monday.

The funds will be allocated to the federal government’s emergency aid payment program, which the NDB estimates could benefit 5 million informal workers, low-income families and unemployed people.

 

By Rodrigo Viga Gaierd via Reuters

 

Read full article here

RIO DE JANEIRO/MEXICO CITY (Reuters) – Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand caused by the coronavirus pandemic.

The rise reflects Brazil’s growing clout among global oil producers as its massive offshore projects come online. Brazil is expected to deliver one of the biggest increases to global supply in the next five years from nations outside of the Organization of the Petroleum Exporting Countries, according to the International Energy Agency.

 

By Sabrina Valle and Marianna Parraga via Reuters

 

Read full article here

Sao Paulo, Brazil, July 17 (CNA) Taiwan earlier this week donated 100,000 surgical face masks to Manaus, a city in Brazil which has been hit hard by the COVID-19 pandemic.

To help the city’s residents fight the disease, Chang Tsung-che (張崇哲), Taiwan’s representative to Brazil, on Tuesday donated the face masks to the city on behalf of the Taiwanese government in a virtual meeting with Marcelo Magaldi, director of Manaus’s health department.

 

By Tang Ya-Ling and Frances Huang via Focus Taiwan

 

Read full article here

JP Morgan has acquired a minority stake in Brazilian fintech startup FitBank, according to local reports. Details of the investment were not disclosed.

Founed in 2015, FitBank describes itself as the largest open banking outfit in Brazil, providing a white label platform that lets banks and fintechs offer bill payment, online treasury, banking, financial management, transfers and escrow services.

Via Finextra

 

Read full article here

The persistent problem of inequality in Latin America leaves citizens more vulnerable to the coronavirus. Innovative platforms move towards balancing the scales.

In the current crisis, Brazil is unfortunately the country with the second highest number of cases, surpassing one million Covid-19 positive tests by mid-June. A month later, more than 70,000 lives have been lost.

 

By Fabian Salum and Felipe Monteiro

 

Read full article here

July 15 (Reuters) – Brazilian stocks hit a more than four-month high on Wednesday as signs of progress in developing a coronavirus vaccine invited more buying into risk-driven assets, even as COVID-19 cases piled.

The Bovespa stock index .BVSP rose about 1% to its highest level since early March, propped up by financial and energy stocks.

 

By Shreyashi Sanyal and Ambar Warrick via Nasdaq

 

Read full article here

É com grande satisfação que convidamos você a participar de mais um capítulo da nossa história. No dia 23 de julho, em um webinar, o Mattos Filho inaugura um novo endereço, em Campinas, marcando presença em seis cidades, ao lado de São Paulo, Brasília, Rio de Janeiro, Nova Iorque e Londres.

Os participantes do webinar terão a oportunidade de conhecer mais a respeito dos objetivos e relevância do novo projeto, além de assistir à palestra do economista José Roberto Mendonça de Barros, que abordará as perspectivas econômicas e de investimento na região.

José Roberto Mendonça de Barros é economista, professor e fundador da MB Associados, uma das principais empresas de consultoria econômica do Brasil.
Com doutorado em Economia pela USP e pós-doutorado no Economic Growth Center pela Yale University, José Roberto participou de projetos como a estruturação do Novo Mercado para a Bovespa e integrou conselhos e comitês de grandes organizações. Foi secretário de Política Econômica do Ministério da Fazenda entre 1995 e 1998 e recebeu, em 1998, o título de “Economista do Ano” e, em 2019, o prêmio Ney Bittencourt de Araújo de “Personalidade do Agronegócio”.

Palestrantes Mattos Filho
Roberto Quiroga – Sócio-diretor
João Colussi – Sócio
Vilma Kutomi – Sócia

*Evento ministrado em Português.
———————————–

O Mattos Filho está comprometido em proteger o direito de privacidade de dados de todos que nos fornecem informações pessoais.

Coletamos e mantemos seus dados para a execução de nossos serviços e para fornecer conteúdo relevante para seu negócio, conforme
estabelecido em nossa Política de Privacidade.

Jul 23, 2020 06:00 PM in Sao Paulo

(Bloomberg) — Lojas Americanas SA, the Brazilian retailer controlled by billionaire trio Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, raised at least $1.1 billion in a share sale, four people familiar with the transaction said.

The firm sold preferred shares at 34.50 reais ($6.43) each, the people said, asking not to be named because the information isn’t public yet. It also sold voting stock at 29.78 reais apiece, the people said. That would mean it raised at least 5.83 billion reais. The deal also includes a possible over-allotment that could increase the amount to as much as 7.9 billion reais, according to calculations based on the prospectus.

By Vinicius Andrade, Felipe Marques and Rachel Gamarski via Yahoo Finance Canada

Read full article here

Brazil is one of the most hardest hit by the deadly and fast spreading new SARS coronavirus, so it makes sense that they would invest heavily in rolling it back, making sure nothing like this ever happens again.

Brazil’s new Center for Research in Energy and Materials (CNPEM) open this week to new research projects related to the study of the SARS2 coronavirus. Located in the interior Sao Paulo state city of Campinas, CNPEM is also home to Sirius, the R$1.8-billion particle accelerator, which is Brazil’s biggest and most complex scientific structure to date.

 

By Kenneth Rapoza via Forbes

 

Read full article here

The Brazilian-American Chamber of Commerce announces the departure of Minister Marco Antonio Nakata as Deputy Consul General at the Consulate General of Brazil in New York, transferred back to Brazil to resume his activities at the Ministry of Foreign Affairs in Brasília.

Born in São Paulo, Minister Nakata received a degree in Administration from the University of São Paulo and studied at Rio Branco Institute, the Brazilian diplomatic institute (1994-95).  At the Ministry of Foreign Affairs, he worked in the Protocol Department and the Press Office of the Minister.  He was posted in London, Tokyo, Moscow, Rome, Bratislava, and New York.

As Deputy Consul General, Minister Nakata was responsible for consular, cultural, educational, press, and administration affairs.  He was always available to assist Brazilians and Americans traveling to Brazil during this trying period and played a fundamental role in facilitating the return of Brazilians during quarantine while helping those in need of urgent consular services.

The Chamber thanks Minister Nakata for his outstanding service and his strong support of the Chamber. We wish him well in his endeavors in Brazil.

SAO PAULO — Brazil’s banking regulation must adapt to big technology companies to ensure competition in the financial arena, central bank director Joao Manoel Pinho de Mello said on Monday in a webcast with newspaper Valor Economico.

In June, the central bank issued a rule saying it could require market participants to receive prior approval to operate in payments. Simultaneously, it suspended the newly launched WhatsApp payment service by Facebook Inc in Brazil.

 

Via The New York Times

 

Read full article here

July 13 (Renewables Now) – Brazil’s Ministry of Mines and Energy (MME) announced on Friday that it plans to hold a new energy auction on December 4, 2020, provided there is demand from domestic power distributors.

Through a decree published in the Official Gazette, the government confirmed that the auction is dubbed as A-1 Existing Energy Auction. It will contract power from all available power plants in the country. The energy will be negotiated in Brazil’s regulated market in the form of volume of electricity.

 

By Lucas Morais via Renewables Now

 

Read full article here

The Indian Space Research Organisation (ISRO) is gearing up to lift off Brazil’s Amazonia-1 satellite next month onboard the Polar Satellite Launch Vehicle (PSLV)

As per a report in the Financial ExpressAmazonia-1 will be the first satellite for Earth Observation that is designed, assembled and tested in Brazil.

 

Via Tech 2

 

Read full article here

The Colombian trucking and logistics services startup Liftit has raised $22.5 million in a new round of funding to capitalize on its newfound traction in markets across Latin America as responses to the COVID-19 epidemic bring changes to the industry across the region.

“We’re focusing on the five countries that we’re already in,” says Liftit chief executive Brian York.

 

By Jonathan Shieber via Tech Crunch

 

Read full article here

Cisco Systems is a company that’s developed a reputation for having one of the most wide-reaching and successful CSR programs. The networking giant invests heavily in the global communities it operates in, through job creation, skills training, disaster response, non-profit partnerships, and much more. A few years ago I caught wind of another program that, while not officially under the company’s CSR umbrella, is still representative of Cisco’s commitment to leveraging its technology to make a positive difference in the world. That program is Cisco’s Country Digital Acceleration program, or CDA for short, in which Cisco partners with various countries’ leadership, industry and academia in the interest of accelerating their national digitization efforts. I recently wrote in detail about the program here, if you’re interested in more background. That brings us to the recent announcement, made in late May, that Cisco has partnered with the government of Brazil as part of its CDA program. Let’s take a closer look at what we can expect from the partnership.

 

By Patrick Moorhead via Forbes

 

Read full article here

Exports of fresh and frozen beef from Brazil have been strong in 2020, and are set to stay that way.

The USDA has been expecting production and exports to be higher in 2020. In its April outlook, Brazil’s beef production was forecast to increase by 1.1% to 10.3 million tonnes in 2020. Beef exports were forecast to increase by 8%, to 2.5 million tonnes (cwe), driven by continued demand from China and Hong Kong. Consumption was forecast to fall by 1%, although it may be that this is conservative.

 

By Duncan Wyatt via AHDB

 

Read full article here

WASHINGTON — Brazil has officially begun manufacturing fighter jets with the start of production at a new facility that makes sections of the Saab Gripen, Swedish aerospace company Saab announced Tuesday.

Saab Aeronáutica Montagens, a new manufacturing plant located near Sao Paulo, has begun producing Gripen E/F aerostructures, including the tail cone and front fuselage for the single-seat Gripen E version of the jet. It will eventually also make the brakes, rear fuselage, wing box and front fuselage for the two-seater “F” model, Saab stated.

 

By Valerie Insinna via Defense News

 

Read full article here

Brazil’s state-owned oil firm Petrobras aims to make better use of the associated natural gas in its prolific oil-rich pre-salt area by having offshore liquefied natural gas (LNG) units to process the gas, whose production has been rising with growing oil output in the area.

Offshore LNG liquefaction could be a solution to the associated gas from oil fields 100 miles off the coast and could reduce flaring, Viviana Coelho, Corporate Emissions and Climate Change Manager at Petrobras, said at a webinar, as carried by Reuters.

 

By Tsvetana Paraskova via Oilprice.com

 

Read full article here

Not long ago, I got a call from a New York-based accountant asking if what he was seeing was true: a Brazilian savings account statement showing double-digit monthly returns. “Oh yes,” I told him. It was absolutely normal – and the best deal in town! Just leave your cash parked in a bank and watch it grow.

Fast forward just a couple of years and, well, things have changed. At 2.25%, the basic interest rate has been cut eight times in a row since last year. If you’re an old Brazilian like me, a rate that low sounds like science fiction.

 

By Cecilia Tornaghi via Americas Quarterly

 

Read full article here

“WOMEN IN THE BRAZILIAN AUDIOVISUAL”

Inffinito Film Festival free online screening series
38 Brazilian premieres and classics at www.inff.online

The Infinito Film Festival’s screening series “Women in the Audiovisual” is ON. It’s a free online event showing 25 features and 13 shorts by renowned Brazilian filmmakers. Among them, Anna Muylaert, Rosane Svartman, Tizuka Yamasaki, Sandra Kogut, Mini Kerti, Sabrina Rosa, Flávia Castro, Christiane Jatahy, Adriana L. Dutra, and Tata Amaral. The films represent the female presence in the audiovisual and provoke reflection on gender equality in the sector. Some movies are must-see classics, and others premiering now at the Inffinito platform’s www.inff.online.

Feature films run at scheduled times, and once it starts, viewers must watch within 4 hours.  The shorts are available for viewing any time until the end of the exhibition on July 31.

 

—– 🎬 —–

The renowned Brazilian Film Festival is confirmed, with the 24th edition in Miami and 14th edition in New York taking place in September and October 2020.

This year Inffinito adopted a new name and format for the Brazilian Film Festival. We are now the “Inffinito Film Festival” (INFF).

INFF will continue our 24-year tradition bringing the most recent Brazilian productions to Miami and New York with outdoor programming on Sept 12 and 19 in Miami and on Oct 17 and 18 in NYC.

For the Festival online version, INFF will present feature films and shorts in competition, festival winners retrospective, debates, and lectures about the audiovisual market at the Inffinito’s new platform inff.online and Lives at social media – from September 13 to October 16.

BRASILIA (Reuters) – Brazil’s economy looks to have begun a “V”-shaped recovery from the worst of the COVID-19 crisis, central bank president Roberto Campos Neto said on Thursday, citing the latest energy, traffic and tax collection data as well as double-digit credit growth.

Speaking in a live online event hosted by newspaper Correio Braziliense and Itau bank, however, Campos Neto also cautioned that economic rebounds in other countries that have started in similar fashion have recently shown signs of fading.

 

By Marcela Ayres and Jamie McGeever via Reuters

 

Read full article here

Cargill Inc. last week announced it has mapped out its entire supply chain for soybeans in Brazil, where the destruction of forest to make land to grow the crop has produced an environmental conflict with global attention.

With the maps, executives at the Minnetonka-based agribusiness giant say they are learning more about where, and by whom, forest land is being converted. “The objective is to transform our supply chain, or the farming sector, to be deforestation- or conversion-free,” said John Hartmann, Cargill’s top executive for sustainability in supply chain.

 

By Evan Ramstad via Star Tribune

 

Read full article here

The payments feature of the popular messaging platform WhatsApp remains suspended in Brazil, despite local regulators easing restrictions placed on its owner, Facebook.

On June 24, Brazil’s Administrative Council for Economic Defense, known locally by its Portuguese acronym ‘CADE’ suspended an agreement between Facebook and Brazilian payment firm Cielo to process payments for WhatsApp.

 

By Samuel Haig via Cointelegraph

 

Read full article here

SAO PAULO (Reuters) – A potential coronavirus vaccine developed by China’s Sinovac will be tested in Brazil by 12 research centers in six Brazilian states, the governor of Sao Paulo state, Joao Doria, said on Wednesday, adding the trials still need to be approved by local health vigilance agency Anvisa.

The study – first announced on June 11 – is led by Instituto Butantan, a research center funded by the state of Sao Paulo. The agreement with Sinovac includes not only trials but also the transference of technology to produce the coronavirus vaccine locally.

 

By Eduardo Simões via Reuters

 

Read full article here

RIO DE JANEIRO, June 30 (Xinhua) — Brazil’s oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day, the state-run National Agency of Petroleum, Natural Gas and Biofuels (ANP) said Tuesday.

The increase was mainly driven by deep-sea oil drilling in the Atlantic Ocean pre-salt deposits, where Brazil has giant reserves which are just beginning to be exploited.

 

Via Xinhua News

 

Read full article here

Money transfer unicorn TransferWise is accelerating its business in Brazil after receiving the authorization from the Central Bank to operate a foreign exchange broker. Present in the country since 2016, the fintech had been waiting for the green light from the local regulators for two years.

According to the fintech, which had been operating as a foreign exchange correspondent in partnership with local banks, it has handled over BRL 26 billion in money transfers since it started operating in Brazil.

 

By Angelica Mari via Forbes

 

Read full article here

The shift to digital platforms has been a pronounced feature of the global pandemic – with tech stocks hugely outperforming stock market benchmarks throughout the world – but in emerging markets there have been specific drivers turbo-charging this phenomenon.

Digital bank Nubank, founded seven years ago in Brazil with the launch of a no-fee credit card managed by an app, has grown its total client base to more than 25 million. The bank launched its digital current account in 2017, which now has more than 20 million account holders.

By Rob Dwyer via Euromoney

 

Read full article here

Rio de Janeiro — Brazilian ethanol production hit the highest level ever recorded in May amid expectations for a record sugarcane harvest and biodiesel output rebounded from coronavirus-related lows, according to data released June 29 by the National Petroleum Agency, or ANP.

Sugar mills produced 8.46 billion liters of ethanol in May, more than double the 4.05 billion liters produced in May 2019, the ANP said. That was the highest output recorded by the ANP since its inception in 2000. May’s ethanol production also more than doubled the 3.87 billion liters produced in April, the ANP data showed. The jump was driven by the accelerating sugarcane crush, which got off to a bit of a late start because of poor weather and social-distancing measures implemented in mid-March.

 

By Jeff Fick via S&P Global Platts

 

Read full article here

BRASILIA, June 29 (Reuters) – Brazilian industrial confidence rebounded sharply in June, the biggest ever rise, on growing hopes for recovery in the second half of the year, but still consistent with levels associated with severe recession, a survey showed on Monday.

The Fundacao Getulio Vargas’s national industrial confidence index jumped to 77.6 in June from 61.4 in May, with the rise of 16.2 representing the largest month-on-month increase since the series began in 2009.

 

By Jamie McGeever via Nasdaq

 

Read full article here

Brazil announced over the weekend that it had signed a US$ 127 million agreement to start producing locally an experimental vaccine developed by AstraZeneca that has shown promise to fight the COVID-19 pandemic.

The AstraZeneca vaccine is considered the world’s leading candidate and most advanced in terms of development to obtain licensure and become an official vaccine against the disease, according to the World Health Organization.

 

Via Merco Press

 

Read full article here

BEIJING/SINGAPORE, June 26 (Reuters) – China’s soybean imports from top supplier Brazil soared in May to their highest in two years, according to customs data released late on Thursday, as backed-up cargoes that were delayed by bad weather in Brazil cleared customs.

China, the world’s top soybean importer, brought in 8.86 tonnes of Brazilian soybeans in May, the highest since May 2018 and up 41% from last year’s 6.3 million tonnes, data from the General Administration of Customs showed.

 

Via Successful Farming

 

Read full article here

Brazil has converted a football (soccer) stadium into a drive-in movie theater, its latest effort to lift national morale as the country struggles with the coronavirus pandemic.

The Palmeiras football club’s converted stadium in Sao Paulo accommodates up to 300 cars.

Alessandro Tessari, a fan of the football team said, he could never imagine he would be watching a movie in the stadium.

 

Via VOA News

 

Read full article here

Mobile operators in emerging markets such as Brazil and South Africa are experiencing increased traffic and demand for free data as the coronavirus pandemic drives users online. That’s according to recent online search data from Upstream’s Zero-D, an ad-funded free mobile internet platform designed to keep users connected to the digital world even when they have run out of data.

Demand for free access to essential online services is highest in Brazil, with searches for “internet gratis” (free internet) surpassed only by searches for “Facebook” in the data from March 2020 to May 2020. In addition, Free Fire, a free online video game which took Brazil by storm in 2019, continues to dominate the entertainment category. Searches for “Free Fire” surpassed “Netflix” by more than 664 percent in Brazil, presenting mobile operators in the region with a unique challenge.

 

Via Total Telecom

 

Read full article here

Brazil’s Senate passed a bill Wednesday paving the way to privatize state-owned water and sanitation companies and attract more private investment to the badly languishing sector.

The bill, which President Jair Bolsonaro plans to sign, aims to bring better service to the 35 million Brazilians who lack clean drinking water and 100 million whose sewage gets dumped raw, without ever being treated, its sponsors said.

 

Via Macau Business.com

 

Read full article here

SAO PAULO, June 23 (Reuters) – Brazilian e-commerce has risen by 56.8% in the first five months of 2020 from a year earlier, reaching 105.6 billion reais ($20.50 billion) in sales revenue, a survey showed on Tuesday, as more consumers have shifted to online shopping during the coronavirus pandemic.

The number of online orders grew by 65,7% in the same comparison, mostly driven by three categories: cosmetics and perfumes, furniture and eletronics, according to data compiled by Brazilian ecommerce consultancy Compre&Confie and industry body ABComm.

By Gabriela Mello via Yahoo Finance

Read full article here

BRASILIA, June 23 (Reuters) – Brazil’s central bank on Tuesday announced a series of measures to potentially pump hundreds of billions of reais into the economy, boosting credit in particular to micro, small and medium-sized companies struggling in the coronavirus crisis.

The measures include allowing banks already extending loans to small and medium-sized enterprises, known as SMEs, to reduce reserve requirements, lowering banks’ requirements for contingent liabilities provisions, and possibly allowing firms to use real estate as collateral for new loans.

 

By Jamie McGeever via Reuters

 

Read full article here

BRASILIA, June 23 (Reuters) – Brazil’s central bank sees little scope to reduce interest rates much further, with the current record low of 2.25% considered “close” to the level from which additional cuts could fuel financial market instability, according to meeting minutes released on Tuesday.

The minutes of the June 16-17 meeting of the rate-setting committee, known as Copom, showed that while the economic shock from the COVID-19 pandemic is disinflationary and inflation expectations continue to fall, policymakers urged caution in easing much further.

 

By Jamie McGeever via Reuters

 

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On June 22, 2020, and citing economic recovery needs and unemployment due to the pandemic, President Trump issued “Proclamation Suspending Entry of Aliens Who Present a Risk to the U.S. Labor Market Following the Coronavirus Outbreak,” outlining expected new temporary restrictions on H-1B, H-2B, J-1, and L-1 nonimmigrant worker visas, which are among the most popular temporary U.S. worker visas. Section 1 of the proclamation takes effect immediately (continuation of bar on certain immigrant visa entry) and the remainder (containing new restrictions on nonimmigrant workers), takes effect on June 24, 2020 (12:01 a.m.). The new proclamation will expire on December 31, 2020, and may be continued as necessary.

The proclamation comes on the heels of Proclamation 10014 of April 22, 2020 (“Suspension of Entry of Immigrants Who Present a Risk to the United States Labor Market During the Economic Recovery Following the 2019 Novel Coronavirus Outbreak”), which suspended the entry of aliens on immigrant visas, subject to certain exceptions, for a period of sixty (60) days. The June 22, 2020 proclamation continues and amends Proclamation 10014 to incorporate new restrictions on the entry of nonimmigrant temporary visa holders, including those with H-1B, H-2B, J-1, and L-1 visas, subject to certain exemptions.

 

By Jorge Lopez and Elizabeth Whiting via Littler

 

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June 23 (Renewables Now) – Wind farms in Brazil’s Northeast have generated 10,121 MW at 1021 local time on June 21, thereby breaking the Northeast’s record for wind generation, the National Electric System Operator (ONS) announced.

The volume produced by wind farms during that day was enough to meet 100% of the Northeast region needs, currently at 8,500 MW, and generate an 18% surplus. The previous record was of 9,755 MW, registered seven months earlier on November 12, 2019.

 

By Lucas Morais via Renewables Now

 

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A new report on HRtechs, technology companies focused on Human Resources (HR), has revealed the segment is the third most active in Brazil, after fintechs and mobility, as well as the main companies in activity as well as startups to watch.

According to the study produced by innovation center network Distrito, there are 373 startups active in the HR space, which concentrated 11.6% of the capital invested in startups in 2019 – fintechs claimed 35.6% of the total investment last year, while mobility startups attracted 14.4%.

 

By Angelica Mari via Forbes

 

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Brazil’s Ministry of Communications has been recreated and a new minister has taken over to lead agendas such as the country’s upcoming 5G auction.

The son-in-law of a well-known Brazilian TV presenter, Fábio Faria was named the new communications minister yesterday (17). Faria will be accountable for the national telecommunications policy, as well as the national broadcasting policy and the communications activity relating to the federal government, which relies heavily on channels such as social media.

 

By Angelica Maria via ZD Net

 

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Lincoln, Neb. —Tucked away from the busy city streets of São Paulo, Brazil, young learners are exploring a colorful garden with spades, magnifying glasses and other tools. They gather around their preschool teacher who is holding a freshly dug worm in her hands. They observe the wriggling creature together. After the excited shrieks subside, the teacher begins to ask them questions.

Their curiosity leads to a conversation — an opportunity to learn about science.

 

By Institute of Agriculture and Natural Resources University of Nebraska-Lincoln

 

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MIAMI- Azul Brazilian Airlines (AD) and LATAM Airlines Brazil (LA) have announced a codeshare partnership with a shared frequent flyer program to increase their presence in Brazil’s domestic market.

Both carriers were competitors in the region alongside GOL (G3), but the latest agreement consolidates various recent individual moves from each to now strengthen their presence and network offer.

 

By Sofia Marrero via Airways Mag

 

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BizCapital, an online lender based in Brazil, has raised $12 million from a clutch of investors including the German development finance institution, the corporate venture capital fund of MercadoLibre and existing investors Quona Capital, Monashees, Chromo INvest and 42K Investments.

“This latest round reinforces investors’ confidence in BizCapital’s ability to innovate in the Latin American credit market amid challenging circumstances caused by Covid-19,” said Francisco Ferreira, the company’s chief executive, in a statement. “We have seen four times as many business credit inquiries on our site year over year, and we are ready to serve them.”

 

By Jonathan Shieber via Tech Crunch

 

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June 17 (Renewables Now) – Brazil’s installed wind power capacity has reached 16 GW, reaffirming its position as the second largest source of electrical generation in the country, the National Wind Energy Association (Abeeolica) announced earlier this week.

Brazil now has 637 operational wind parks, according to the association. It says the country will have at least 24 GW of installed wind power capacity by 2024, taking into account only contracts already in place through auctions and the free market. “With new auctions, this number will be higher,” Abeeolica’s CEO, Elbia Gannoum, said.

 

By Lucas Morais via Renewables Now

 

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Brazil and other countries including Malaysia, Canada and the UK will join China’s efforts to strengthen global cooperation in COVID-19 vaccine trials, as the Institute Butantan in Brazil plans to cooperate in Phase III clinical trials for an inactivated COVID-19 vaccine candidate developed by a Chinese company.

Beijing-based Sinovac Biotech and Instituto Butantan, a leading Brazilian producer of immunobiologic products, have agreed to collaborate in Phase III clinical trials of CoronaVac, Sinovac’s inactivated vaccine candidate against COVID-19.

 

By Hu Yuwei and Leng Shumei via Global Times

 

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SAO PAULO, June 16 (Reuters) – Switzerland-based seed and crop protection company Syngenta has chosen Brazil as the initial market for a new digital agriculture services platform intended to make local grain growers more competitive, a Syngenta executive told Reuters.

Because of lockdowns and social distancing, crop consultants including seed advisers and agrochemical distributors have been unable to visit farms, making technology more important to assess field conditions, said Greg Meyers, the company’s chief information and digital officer.

 

By Ana Mano and Roberto Samora via Reuters

 

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After months of talks and trials, WhatsApp has finally pulled the trigger on payments in its app. Today the Facebook-owned messaging service announced that users in Brazil would be the first to be able to send and receive money by way of its messaging app, using Facebook Pay, the payments service WhatsApp owner Facebook launched last year.

WhatsApp says in its blog post that the payments service — which currently is free for consumers to use (that is, no commission fee taken) but businesses pay a 3.99% processing fee to receive payments — will work by way of a six-digit PIN or fingerprint to complete transactions.

 

By Manish Singh and Indrid Lunden via Tech Crunch

 

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The Brazilian government has launched a new portal powered by real-time data analytics to report the evolving picture on the Covid-19 outbreak, following controversy over moves to suppress the release of such information in what is the current global epicenter of the pandemic.

Earlier this week, data relating to the pandemic had, without warning, been removed from the health ministry website and the government announced it would stop releasing historical numbers on cumulative deaths and the number of infections. The decision sparked outrage as it was seen as an attempt to cover up the worsening health crisis in the country.

 

By Angelica Maria via ZD Net

 

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São Paulo – A company called Metro Brazil sells Brazilian products to Arab consumers online. Owned by Syrian entrepreneur Alaa Kara Ali (pictured above), the business was started in 2017, two years after he had relocated to Brazil. Ali lives in São Paulo and has two Brazilian children. “I wanted to make a bridge between Brazil and the Middle East,” he told ANBA in interview by email.

Ali, who is also the company’s CEO, wanted to resell Brazilian products such as garments, underwear and accessories. He started on his own and now has a staff of 32 employees and exports to other regions beyond the Middle East. The company used to sell just to Arab countries but saw a demand from other regions, then started delivering orders all over the world. “Now we have clients on Europe, the USA, Canada, Australia and others,” he said.

 

By Bruna Garcia Fonseca via Brazil-Arab News Agency

 

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First concrete was poured for Angra 3 – a 1405 MWe (gross) pressurised water reactor – in 2010, resuming a project that had first begun in the 1980s before a lengthy suspension. The project was again suspended in mid-2015. Two nuclear power units – Angra 1 and 2 – supply about 3% of Brazil’s electricity. The units are operated by Eletrobras subsidiary Eletronuclear.

Following a meeting of the PPI council yesterday, PPI Special Secretary Martha Seillier told reporters in Brasillia that the private partner in Angra 3 must be a minority stakeholder. Brazilian President Jair Bolsonaro had also attended the PPI meeting, she said.

 

Via World Nuclear News

 

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China’s leading coronavirus vaccine developer signed an agreement with a drugmaker in Brazil to conduct further testing of its shot’s efficacy, as the global race intensifies to come up with the first viable candidate to prevent Covid-19.Beijing-based Sinovac Biotech Ltd. is teaming up with Instituto Butantan to conduct the final phase of a three-part human testing of a vaccine it developed against the novel coronavirus, the company said in a statement. A Sinovac spokesman said it will need to obtain regulatory approval in Brazil before conducting the trial.

Once approved, Sinovac and Instituto Butantan will kick off the trial involving 9,000 people in July. The Brazilian drugmaker will get to license the Chinese vaccine and make it available in the South American country, Sinovac said.

 

Via Hindustan Times

 

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The enterprise software market in Brazil is led by local firm Totvs and SAP, according to new research by Brazilian business school Fundação Getúlio Vargas about the local information technology market.

The report, which polled more than 2,600 businesses nationwide, shows Totvs as the leader with 33% of the overall ERP market. The Brazilian company is closely followed by SAP: the German software giant has a 32% slice of the market, according to the FGV study, now in its 31st edition. Oracle ranks third, with a market share of 12%.

 

By Angelica Mari via ZD Net

 

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According to the Systematic Survey of Agricultural Production (LSPA), released on Tuesday, June 9th, by the IBGE, the country will harvest 245.9 million tons of cereals, legumes and oilseeds by the end of the year, up 1.8% (4.4 million tons more) compared to 2019.

Rice, corn, and soy account for 92.2% of this amount. But the high dollar encourages other crops, such as wheat. The May estimate for the 2020 agricultural crop suffered a reduction of 0.5% compared to the previous month, influenced by the drought in the south of the country, but remains at a record level.

 

Via Merco Press

 

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The spirit of the women who participate in the movements fighting for housing in Brazil is as hard as lime and wood. As a majority in land occupations, they vigorously coordinate organizational and political practices of settlement and popular housing construction. It is no wonder that many of the occupations of the MST (Landless Rural Workers’ Movement) or the MTST (Homeless Workers’ Movement) carry the names of women such as Dandara, a quilombo leader from the colonial period.

 

By Cecília Garcia via Arch Daily

 

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Sherwin-Williams® has been present in Brazil for more than 75 years offering the best quality products sold through a chain of company operated stores and facilities, leading mass merchandisers, home centers, independent paint dealers and hardware stores.  Among its main brands in the market are Metalatex, Novacor, KemTone, Aquacryl, Superpaint and Colorgin.

Learn more here.

BRASILIA (Reuters) – Royal Dutch Shell PLC <RDSa.L> is ready to start negotiating with potential clients the sale of future solar power on Brazil’s free energy market from its first farms due to start operating in 2023, Shell’s solar business development manager for Latin America said.

In a telephone interview on Monday, Maria Gabriela da Rocha said the startup date would depend on the negotiations and was part of Shell’s strategy to move into renewable energy, betting on industries’ increasingly wanting to sign long-term clean energy contracts.

By Luciano Costa via Yahoo Finance

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June 9 (Renewables Now) – Brazil’s Ministry of Mines and Energy (MME) expects that in the next 10 years, roughly 36,000 MW of renewable energy capacity will be implemented thanks to a new protocol for the issuance of green debentures.

The 10,387 decree, published last week, creates new mechanisms for the issuance of debentures in order to finance infrastructure projects that provide relevant environmental or social benefits for the country, the ministry stated.

 

By Lucas Morais via Renewables Now

 

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With nearly 700,000 confirmed cases of COVID-19, Brazil trails only the U.S. as the most-impacted country, but in pushing to maintain economic activity, leaders have allowed construction to continue.

Projects have not shut down in most of Brazil’s 27 states, including Rio de Janeiro, São Paulo and Minas Gerais—its three largest economies.

 

By Augusto Diniz via Engineering News-Record

 

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On May 27, 2020, the Governor of the State of São Paulo, Brazil unveiled the details for reopening the state. The plan, called Conscious Restart, divides the state into 17 areas. Each area can enter into a new reopening phase every 15 days, depending on the number of COVID-19 cases, hospitalizations, and deaths, and the area’s hospital/ICU capacity. Each phase allows certain industries or sectors to restart operations with restrictions, which will be relaxed at each phase. The phases are marked in colors, from red (most restricted) to blue (“controlled normal”).

Starting June 1, 2020, several areas will enter Phase 2 (orange), including the City of São Paulo (but not the adjacent municipalities), as per the chart below:

 

By Renata Neeser Via Littler

 

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June 8 (Renewables Now) – Brazil has avoided more than 515 million tonnes of carbon dioxide (CO2) equivalent emissions between March 2003 and May 2020 thanks to the use of ethanol, local sugarcane industry association Unica announced on Friday, analysing statistics by the National Agency of Petroleum, Natural Gas and Biofuels.

 

By Lucas Morais via Renewables Now

 

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Since the beginning of the coronavirus pandemic, Brazil has been opening more than one virtual store per minute. In just over two months, 107,000 new establishments were created on e-commerce for different products, such as food, beverages, clothes, shoes and cleaning products, according to a survey carried out by the Brazilian Association of Electronic Commerce (Abcomm), reported by O Estado de S. Paulo.

 

Via LABS

 

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SAO PAULO (Reuters) – Brazilian sporting goods retailer Centauro priced its shares at 30 reais each in a follow-on offering aimed at raising 900 million reais ($175.84 million) to finance acquisitions, two sources with knowledge of the matter said.

Shares in Grupo SBF SA (CNTO3.SA), as Centauro is formally known, closed the trading day on Thursday trading at 31.50 reais, which implies investors in the share offering had a roughly 5% discount.

 

By Carolina Mandl via Reuters

 

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Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.

The figures showed a surplus of almost US$ 4 billion from trade-related FX contracts and an outflow of US$ 882 million from financial FX contracts, resulting in the biggest monthly inflow since February last year.

 

Via Merco Press

 

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Hard hit Brazil will be the first nation to test the Oxford University vaccine for the new SARS. Two-thousand volunteers working on the front lines against the virus will be chosen for the trial, which will begin in Sāo Paulo this month.

Denis Mizne, executive director of the Lemann Foundation, the group that is financing the São Paulo trials, called it “an important milestone” for Brazil. The Foundation was funded and created by Jorge Paulo Lemann and his family. Lemann became a billionaire thanks to investments in Brazilian beer giant AmBev and Heinz through his private equity firm 3G Capital.

 

By Kenneth Rapoza via Forbes

 

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Nordex has received an order from its new customer, COPEL – Companhia Paranaense de Energia, for the supply and construction of 26 AW132/3465 wind turbines in Brazil. The order also includes the Servicing of the machines, with a contract term of 20 years.

The 90 MW wind farm “Jandaíra Copel” will be built in the state of Rio Grande do Norte, near the city of Jandaíra in eastern Brazil. The Nordex Group will manufacture the 26 turbines at its production facility in Simões Filho. The turbines will be built on 120 metre concrete towers, which the Group will manufacture at its local plant in Areia Branca, not far from the site. The company will also source the rotor blades locally. Completion of the wind farm is planned for 2022.

 

Via Reve

 

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LATAM Cargo in partnership with VTC LOG transported 50 tonnes of essential hospital goods to combat Covid-19 in Roraima, Brazil, on May 29 and 30. In addition, respirators will also be sent to Rondônia.

The transportation was carried out in three flights using Boeing 767 aircraft (a freighter and a passenger airplane adapted for cargo transportation) and Boeing 777 aircraft (also adapted for cargo). They left São Paulo/Guarulhos airport for Manaus, where the cargo will continue its trip in order to be delivered in both states.

 

Via Stat Times

 

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Rio de Janeiro, Brazil, June 2020 – Some 2,500 vulnerable and sick older people living in the slums of Brazil’s largest city, received hygiene kits to support them during the COVID-19 pandemic. The Social Territories Programme, implemented by the City of Rio de Janeiro, with the support of UN-Habitat, organized the distribution of the kits in 10 informal settlements known as favelas.

The kits, which include sanitizer, liquid soap, deodorant, shampoo and toothbrushes, donated by UNICEF, the United Nations Children’s Fund, were given to older vulnerable people, those who are bedridden and with heart problems in Alemão, Maré, Chapadão, Pedreira ,Vila Kennedy, Lins, Penha, Cidade de Deus, Jacarezinho and Rocinha. The materials were distributed alongside food baskets of staple goods.

 

Via ReliefWeb

 

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The good performance in the production of soy and rice pulled the 1.9% growth of agriculture in the first quarter of 2020 compared to the same period 2019, according to the Confederation of Agriculture and Livestock of Brazil (CNA).

This result, published on Friday (29) by the IBGE, shows that the sector was the only positive performance in the first three months of this year, unlike the Brazilian economy, which fell 0.3% in the first quarter over the same period 2019, reflecting the coronavirus pandemic impacts.

 

Via DATAGRO

 

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E-commerce sales in Brazil have achieved an all-time high as a result of the Covid-19 outbreak, according to a new study referring to activity during April 2020.

Sales for the month practically doubled, with an increase of 98.74% in April in relation to the same month in 2019. Additionally, there was an 81.64% revenue boost for companies operating in digital sales that same month, according to an index produced by the Brazilian Chamber of Electronic Commerce (BCEC).

 

By Angelica Mari via ZD Net

 

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If you go up Santa Marta hill in Botafogo, Rio de Janeiro, you get a treat: the most amazing view of the famous statue of Christ and the Sugar Loaf, and you can take a selfie with a statue of Michael Jackson, who filmed parts of his “They Don’t Care About Us” video there. Jackson became possibly the first international superstar to go up the narrow lanes, unpaved passages, and cramped corners of the stacked bare zinc-roof cabins that make up this neighborhood.

Here, like in most favelas in Brazil, public services are all but nonexistent. So when the pandemic hit, a resident decided to act.

 

By Cecilia Tornaghi via Americas Quarterly

 

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São Paulo – The Brazilian 2020-21 sugarcane crop is just beginning but is promising and can allow Brazil to have a large sugar export supply. According to the “Fortnightly Monitoring of the Center-South Region Crop” through May 16 released by the Brazilian Sugarcane Industry Association (UNICA), the sugarcane grinding through mid-May surpassed 103 million tonnes, up 21.67% from a year ago. Out of this, 45.3% of the processed sugarcane was directed to the sugarcane production, up from 32.19% in the 2019-20 crop. These figures refer to Brazil’s Center-South production, which amounts to 59% of the Brazilian total.

The change in the ethanol-sugar production ratio is related to a change in the market demand. According to Grupo Tereos board member and Federation of Industries of the State of São Paulo (FIESP) chairman Jacyr Costa Filho, the Russia-Saudi Arabia oil price war in early March and the COVID-19 pandemic have reduced oil and gas prices, which affected the ethanol competitiveness. The product is used as a fuel in Brazil. Moreover, the demand for fuels in general has dropped.

 

By Marcos Carrieri via Brazil-Arab News Agency

 

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Investidores de qualquer parte do mundo podem requerer o Visto Golden desde que reúnam os requisitos necessários.

O Visto Golden, igualmente, conhecido como Autorização de Residência para Atividade de Investimento (ARI) foi criado pelo governo Português em 2012. A finalidade do Visto Golden é atrair investidores estrangeiros interessados em investir em Portugal. O Visto Golden possibilita ao investidor e aos seus familiares morar em Portugal, circular pelo espaço Schengen, sem necessidade de visto e, eventualmente, adquirir a nacionalidade portuguesa.

Existem diversas opções para os investidores que desejam aplicar para o Visto Golden, tais como Investimentos Imobiliários no valor igual ou superior a 500.000€; Investimentos de Capitais num valor igual ou superior a 1.000.000€; criação de, pelo menos, 10 postos de trabalho em Portugal entre outras possibilidades.

Quem está apto a requerer o Visto Golden?

Investidores de qualquer parte do mundo podem requerer o Visto Golden desde que reúnam os requisitos necessários para a concessão do Visto e que não tenham restrição dentro do espaço Shenguen e que, igualmente, não tenham antecedentes criminais.

By Ingls Aguiar via CBN Recife.

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The first four months of 2020 were profitable for Brazilian ag exporters. Brazil’s agricultural exports to China were worth $31.4 billion from January through April. MercoPress reports that it marked a 5.9 percent increase year-over-year.

The growth in agricultural exports to China resulted in a more than 11 percent increase in export volume, while the index price actually suffered a drop of 4.7 percent. The Brazilian Department of Trade and International Relations says those sales numbers broke the record for the largest amount ever shipped between January and April.

 

Via Hoosier Ag Today

 

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The Brazil Ministry of Science, Technology, Innovations and Communications signed a Memorandum of Understanding (MOU) with Cisco via a virtual event on May 27th—the agreement works to boost digitization and accelerate technology skills development in the country. Hosted over Cisco TV, the event included Brazil’s Executive Secretary Julio Semeghini, Secretary of Entrepreneurship and Innovation, Paulo Alvim,  and Secretary of Telecommunications Vitor Menezes Minister Marcos Pontes, Secretary Vitor Menezes, Cisco’s Global Innovation Officer Guy Diedrich, SVP and Brazil Country Sponsor John Kern, Cisco President Latin America & SVP in the Americas Jordi Botifoll , and Brazil Country Manager Laercio Albuquerque.

As a part of this agreement, Cisco announced the launch of “Brasil Digital e Inclusivo”, the company’s Country Digital Acceleration (CDA) program that will spur the creation of initiatives and projects in education, healthcare, agribusiness, public safety, cybersecurity, smart cities, energy and manufacturing. Among the initiatives, the program will support Brazilian public healthcare system with telemedicine and remote patient monitoring digital platform, develop new talents in cybersecurity operations through the Cisco Cyber Education Program, help transform education with innovative smart and connected schools, and build an Industry 4.0 Experience Center to be used on professionals training on industrial networking and cybersecurity technologies for Industry 4.0.

 

By Stephanie Chan via Newsroom.cisco.com

 

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Santos — Hydrous ethanol price in Center-South Brazil started an upward price trend on May 13, mostly supported by the increases in the gasoline price ex-refinery and since then is moving up on a daily bases.

The Brazilian ethanol market was hit by the so-called perfect market turmoil, of consumption crises triggered by the coronavirus pandemic and the collapse in the international oil prices started on March 8. Both combined facts capped the ethanol price in the weeks prior to the beginning of the new Center-South crop 2020-21, adding a further negative tone for the pricing environment.
By Nicolle Monteiro de Castro via S&P Global Platts

A team of Brazilian girls have turned a school project into an mobile app aimed at confronting the world’s second leading cause of death among 15-29 year-olds: suicide.

Generation Z, the generation who began to be born in the mid-nineties, has the highest recorded suicide rate in history, as well as a higher risk for mental illness than the previous generation. Teen girls, in particular, are three times as likely as boys to experience depression.

 

By Andrew Wight via Forbes

 

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Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton.

There could be more to come with some analysts forecasting a return to last year’s peak price of $125/t, an unexpected rise also caused by events in Brazil.

 

By Tim Treadgold via Forbes

 

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The full House approved late on Thursday (21) a bill that creates transitional rules for companies in bankruptcy and also to try to prevent other companies were experiencing difficulties to reach this point, which prior to bankruptcy, informs the “Agency Brazil.” The bill goes to the Senate. The measures cover situations that have occurred since March 20 this year and some are expected to last until the end of the state of public calamity due to pandemic COVID-19, scheduled to end on December 31, 2020. However, the terms do not apply to contracts and obligations of cooperative actions taken by the cooperatives to their members.

By substitute approved by the deputies, for 30 days from the effective date of the future law, are suspended judicial or extrajudicial executions of guarantees, lawsuits involving arrears after March 20, 2020, the declaration of bankruptcy, the unilateral termination or contract review activities. Also, it is suspended for the period, the penalty fee for late payment provided for in contracts in general and those arising from non-payment of taxes.

 

Via Datagro

 

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With the votes of senators on the afternoon of Thursday (21), Congress completed passage of the bill authorizing the executive branch to open additional credit in the amount of R $ 343.6 billion, inform the agencies’ House and Senate ” .

There were 74 votes in favor and none opposed. Most of this money – R $ 213.7 billion – will be used to pay pensions, pensions and other social security benefits. The PLN 8/2020 now goes to presidential approval. In the morning, the deputies approved this project by 451 votes in favor and 1 opposed.

 

Via DATAGRO

 

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Brazil’s pork exports rose 28.4% in the first 4 months of 2020, despite the Covid-19 pandemic. Between January and April 2020, the sector shipped 280,800 tonnes of pork – compared to 218,700 tonnes in the same period of 2019.

Pork exporters all over Brazil earned around US$ 650.3 million in the 1st 4 months, spread out over all types of products. That number is even 53.5% higher than registered for the same period of 2019, when it was US$ 423.6 million.

 

By Danieal Azevedo via Pig Progress

 

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Brazil country-specific exchange traded funds surged Thursday after the Central Bank of Brazil stated its intent to increase support of the real currency and Goldman Sachs argued that this emerging market was a prime cheap opportunity.

Among the best performing non-leveraged ETFs of Thursday, the iShares MSCI Brazil ETF (NYSEArca: EWZ), the largest Brazil-related ETF, increased 4.3%.

 

By Max Chen via ETF Trends

 

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BETIM, Brazil (Reuters) – Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles (FCHA.MI) have to get a health check using a mobile app every morning.

It is one of several measures the automaker has implemented to fight the novel coronavirus in South America’s top auto producing country. Carmakers in Brazil cautiously restarted production this month, concerned not just about the virus spreading, but also about whether there will be any demand for the cars amid the health crisis.

 

By Washington Alves and Marcelo Rochabrun via Reuters

 

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Videoconferência realizada na quinta-feira passada (14/5) reuniu representantes brasileiros e norte-americanos para a sessão plenária da 18ª edição do Diálogo Comercial Brasil – Estados Unidos. As delegações dos dois países abordaram questões que afetam o comércio de bens e serviços e reafirmaram a importância de remover barreiras não-tarifárias para o crescimento do intercâmbio bilateral.

A delegação brasileira foi chefiada pelo secretário de Comércio Exterior do Ministério da Economia, Lucas Ferraz, que conduziu os trabalhos com o subsecretário de Comércio Internacional do Departamento de Comércio (DoC) dos Estados Unidos, Joseph Semsar. A reunião contou, também, com a participação dos embaixadores do Brasil em Washington, Nestor Forster, e dos Estados Unidos no Brasil, Todd Chapman.

 

Via gov.br

 

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SAO PAULO, May 20 (Reuters) – Bunge’s Brazil unit has signed a contract to acquire two soy crushing plants from Imcopa, according to a statement sent to Reuters on Wednesday, marking another step to consolidate its position as Brazil’s largest soybean crusher.

Imcopa, which is operating under bankruptcy court protection, confirmed the signing of the contract and said the aim of the sale is to keep the plants running and protect jobs, according to a separate statement.

 

By Ana Mano via Successful Farming

 

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Brazil is the latest country to embrace open banking, rolling out a new regulation enabling licensed institutions to share customer data.

Under the new rules, banks, payment institutions and others licensed by the Banco Central do Brasil, can share – at the customers’ discretion – registration and transactional data from individuals or legal entities.
Via Finextra

SAO PAULO (Reuters) – Brazil recorded a $19.7 billion maritime trade surplus in the first four months of the year as imports by value fell as the real currency weakened and exports of agriculture goods remained strong, a port operators group said on Monday.

The surplus is 14.56% wider than in the same period of 2019 despite the crisis caused by the novel coronavirus, which has disrupted transport systems worldwide, said ATP, which represents Brazilian private-sector terminal operators including miner Vale and grain merchant Bunge .

 

By Ana Mano via WHTC

 

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Contxto – Yes, yes, you’ve heard it at least a dozen times already. Coronavirus (Covid-19) is accelerating the uprise of e-commerce. But that’s not all.

Self-isolation means users have grasped the utility of ordering something from the comfort of their couch. In addition, they’ve also sought out more meaningful experiences that give them a sense of connection despite being stuck at home. And because of this, Brazilian VTEX, says there’s no going back for businesses, digital or not.

 

Via Contxto

 

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The level of awareness and concerns over data privacy online is growing in Brazil, with more users looking to increase control over how their data is handled, according to new research.

According to a global study on data privacy by cybersecurity firm Kaspersky, 74% of Brazilian Internet users polled have reported trying to remove their personal data from websites and social media platforms.

 

By Angelica Mari via ZD Net

 

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The Brazilian government has launched a new app that unites the social security card and driving license as part of its digital identification and citizen service delivery plan.

The launch follows a move towards making the social security number the main proof of ID for Brazilians: since last year, it is used to access government services. This includes the emergency aid scheme announced in April for financially vulnerable citizens.

 

By Angelica Mari via Forbes

 

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(Bloomberg) — The rescue package to airlines in Brazil will total about 4 billion reais ($680 million), according to people familiar to the matter.

The package, which was presented to airlines on Wednesday, includes credit from development lender BNDES, which will provide 60%, or no more than 2.4 billion reais, the people said, asking not to be named because the discussions are private. Other banks will provide another 10%, or no more than 400 million reais, they said, adding that the companies will have to seek at least the remaining 30%, or 1.2 billion reais, from investment funds via capital markets.

By Cristiane Lucchesi, Felipe Marques and Vinícius Andrade via Yahoo Finance

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Santos — Brazil exported 1.283 million mt of sugar in April, the highest for the month since 2017, as it ramps up sugar production after maximizing ethanol production in the last two seasons (April-March), according to data from shipping agency Williams published Thursday.

The Brazilian sugar line-up as of Wednesday was showing named vessels were expected to export 2.6 million mt up until June 29, more than triple the amount in the same period of both 2019 and 2018, Williams said.

 

By Nicolle Monteiro de Castro via S&P Global Platts

 

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The Brazilian Space Agency (AEB) is seeking to evolve its space technology capability and identify new opportunities for new projects that can potentially bring socioeconomic benefits, in areas such as analysis of satellite data.

With a view of identifying opportunities around technology solutions based on space systems and building proximity to the industry to develop projects in the field, the AEB, an autarchy linked to the Ministry of Science, Technology, Innovations and Communications (MCTIC) signed a protocol of intentions with Visiona, , a joint venture between Brazilian aerospace firm Embraer and state-owned telecoms company Telebras.

 

By Angelica Mari via ZD Net

 

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Brazil’s soyabean shipments to China hit a monthly record of more than 9m tonnes in April, casting doubt on whether Beijing can meet the first-year targets of its trade deal with Washington.

Soyabeans are at the heart of US-Chinese agricultural trading, accounting for almost two-thirds of American exports to China in 2017, prior to the trade war. In January’s US-China phase one trade agreement Beijing pledged to buy at least $80bn of US agricultural products over two years, including $36.5bn in 2020 — $12.5bn more than it spent in 2017.

 

By Emiko Terazono and Sun Yu via Financial Times

 

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Craig Bell, the co-founder of premium milk company Leitíssimo, likens his product to a time machine. “We have a lot of consumers who told us that ‘this stuff actually tastes nice, this stuff reminds me of my uncle or my granddad or my father’,” he says.

This, he adds, is partly because in a country that has become one of the world’s breadbaskets in recent decades, Brazilians still have a connection to the rural environment.

 

By Andres Schipani via Financial Times

 

Read full article here

For Marcos Toledo, the notion of a “moonshot” should be interpreted differently in Brazil.

While tech giants and scrappy start-ups in the US and China can afford to reach for the stars with ambitious projects like spaceships and autonomous vehicles, Brazilian groups should focus on helping those closer to home, says the managing partner of Canary, a venture capital group in São Paulo.

 

By Bryan Harris via Financial Times

 

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São Paulo – Poultry exports from Brazil were up 5.1% year-to-date through April from a year ago, the Brazilian Animal Protein Association (ABPA) reported.

This was the increase in terms of shipped volume. Year-to-date through April, Brazil exported 1.36 million tonnes of raw and processed poultry, from 1.29 million a year ago.

 

Via Brazil-Arab News Agency

 

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Our members Lefosse Advogados wrote this very interesting piece on transport infrastructure in times of COVID-19. Please see below:

 

As we all know, transport infrastructure utilities are facing a storm. The drastic drop in demand due to the effects of COVID-19 is causing dramatic unprecedented losses. The future looks bleak while the government’s inertia leaves the concessionaires adrift.

 

Read the full article here

The Brazilian Development Bank (BNDES) and Bradesco (one of Brazil’s largest banks) are putting together a financing package for the country’s airlines. It is expected that a final agreement will be reached by the end of next week with the disbursement expected to take place in the second half of June. With airlines around the world suffering from decreased demand, they are left to explore various options to raise funds and keep operations going.

 

By Chris Loh via Simple Flying

 

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Brazilian beef exports in 2020 will likely set a new record in terms of volume and value despite the novel coronavirus pandemic, Antônio Camardelli, president of beef group Abiec, said on Thursday.

No beef plants in Brazil were paralyzed because of the outbreak of COVID-19, the disease caused by the coronavirus, he said during a live video session, adding that demand from China remained strong.

 

Via Merco Press

 

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Brazil’s Congress on Thursday ratified a landmark constitutional amendment allowing the central bank to begin what is expected to be the emerging market world’s biggest quantitative easing programme to fight the economic hardships of the coronavirus pandemic.

The country’s central bank has until now been banned by law from engaging in monetary financing — essentially buying bonds at government debt auctions — but was allowed to purchase them on the secondary market to provide money supply. Under the new measures, the central bank has been granted crisis-fighting powers to buy a range of private and public assets, including government and corporate bonds, to ensure liquidity and shore up an economy expected to shrink 5.3 per cent in 2020.

 

By Andres Schipani and Bryan Harris via Financial Times

 

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Brazilian Economy Minister Paulo Guedes said that according to initial estimates, the country’s economy would shrink 6% as a result of the recession caused by the new coronavirus pandemic, but now, thanks to the increase in exports to China, expectations are of a retraction of only 4% this year.

“Brazil was going to fall 6%, of which 2% was to be the external shock and 4% due to internal slowing down, although the 2% external shock we anticipate will not be happening”, the minister told a video virtual hearing of the of the Lower House and Senate combined committee that is monitoring and following the COVID-19 situation.

 

Via Merco Press

 

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RIO DE JANEIRO, May 6 (Xinhua) — The Monetary Policy Committee of Brazil’s central bank (Copom) announced Wednesday its decision to cut the annual basic interest rate (Selic) from 3.75 to 3.0 percent, the lowest since the country adopted an inflation-targeting framework in 1999.

This has been the seventh consecutive rate cut by the central bank since July last year. The latest cut was made due to the harsh effects of the COVID-19 pandemic on the Brazilian economy.

 

Via Xinhua Net

 

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SAO PAULO (Reuters) – Latin American e-commerce company MercadoLibre is one of the few firms not scaling back spending amid the coronavirus pandemic and plans to move forward with a planned 4 billion reais ($717 million) investment in Brazil this year, an executive told Reuters on Tuesday.

After seeing a sharp drop in demand in the second half of March, the Argentina-based company reported strong sales in April with an increasing number of consumers shopping online while social distancing measures were in place.

 

By Aluisio Alves via WKZO

 

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The onset of the coronavirus pandemic in Brazil’s favelas, shantytowns that sprawl around the country’s largest cities, has left the 11.4 million Brazilians living in these densely-populated neighborhoods in a particularly vulnerable position.

In addition to their usual problems — violent shootouts, open sewage, military-style police operations against drug traffickers — they now struggle to embrace social distancing guidelines while living side-by-side in haphazard constructions and crowded homes.

 

By Shannon Sims via Bloomberg

 

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SAO PAULO, May 4 (Reuters) – Brazilian soybean exports in April reached 16.3 million tonnes, an all-time record for a single month and an increase from 9.4 million tonnes in same month last year, according to average daily export data released on Monday by the government.

The previous record was 12.35 million tonnes, set in May 2018. Brazil, the world’s largest exporter of soybeans, had shipped 11.64 million tonnes of soybeans in March, according to government data, as local farmers finish collecting another bumper crop.

 

By Roberto Samora via Successful Farming

 

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São Paulo – Brazil opened up its market to citrus fruit from Egypt. The Brazilian Ministry of Agriculture, Livestock and Supply published on April 27 a ruling on the matter in the Federal Gazette. This was the only step pending in the process, as reported by ANBA in early April. As a result, as of this Monday (4) authorization is in place for the shipping of citrus from Egypt to Brazil, in line with requirements agreed upon by Egyptian authorities and Brazil’s Ministry of Agriculture (click here for the ruling in Brazilian Portuguese).

 

Via Brazil-Arab News Agency

 

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SAO PAULO (Reuters) – Brazil’s battered retailers are starting to reopen after weeks of coronavirus lockdown but may exit the crisis transformed, with the e-commerce sector strengthened and brick-and-mortar chains facing an uphill path to normality.

That is potential good news for major local online retailers B2W Companhia Digital SA, Magazine Luiza SA and Via Varejo SA, despite increasing competition from international players Mercado Libre and Amazon.com in Latin America’s largest market.

By Gabriela Mello via Yahoo Finance

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Brasilia, May 1, 2020:   The United States is providing US $950,000 (approximately R$ 5.21 million) in new economic support funds to incentivize private sector investments in mitigating non-health COVID-19 impacts on rural and vulnerable urban populations in Brazil with a focus on the Amazon region. This assistance builds upon past U.S. investment in Brazil, which totals more than US $617 million over the past 20 years, including nearly US $103 million for health. These funds will be programmed by the U.S. Agency for International Development (USAID), working through its private sector and civil society partners and in coordination with the Brazilian government.

 

Via U.S. Embassies and Consulates in Brazil

 

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SÃO PAULO, Brazil, April 30, 2020 (GLOBE NEWSWIRE) — Businesses in Brazil are increasingly turning to Salesforce products to save money while they look for service providers to help consolidate their disparate installations, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2020 ISG Provider LensSalesforce Ecosystem Report for Brazil finds enterprises in Brazil increasingly interested in cloud-based solutions from Salesforce, with the country becoming a fast-growing market for Salesforce products, especially among mid-market customers who are increasingly investing in cloud applications.

Via Yahoo Finance

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The Brazilian guitarist Cainã Cavalcante was gearing up for tours of Cuba, Colombia and the United States when coronavirus struck.

Now, like thousands of musicians in the land of samba and bossa nova, he is in lockdown – trapped at home with six instruments, an empty gig schedule and a burning desire to resist the global health crisis with his strings.

 

By Tom Phillips via The Guardian

 

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The week full 47 years, Embrapa launches the first volume of “agricultural dynamics in the cerrado: analysis and projections”. Involved 29 authors from different institutions. The analyzes have considered the period of the past four decades to projections for the next 20 years.

The research that led to the work was coordinated by Embrapa, in collaboration with the National Institute for Space Research (INPE) and the Institute of Applied Economic Research (IPEA), entitled Agricultural Dynamics in the Cerrado. The result is a retrospect of the region, analysis of challenges and opportunities that can base the decision public and private decision, thus favoring sustainable agricultural development.

 

Via DATAGRO

 

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Brazil’s JBS, the world’s biggest meat company, has a message for U.S. carnivores: We’ve got you covered.

Amid a rash of slaughterhouse shutdowns in the U.S. related to the coronavirus pandemic, the chief financial officer of JBS said his company can scale up exports from Australia and has idle capacity in Brazil for beef shipments to the U.S.

By Fabiana Batista and Tatiana Freitas via San Antonio Express News

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Lisa Goldman, CPA, TEP, M.Tax | Rebeccah Fontaine, J.D., LL.M of Berdon LLP Beth Tractenberg, J.D. | Zvi Hahn, J.D., LL.M, LL.B. | George McCormick, J.D., LL.M. of Steptoe & Johnson LLP

In our recent advisory—COVID-19 and the Unintended Resident; the Good, the Bad, and the Ugly— we alerted non-U.S. citizens unable to leave the United States due to COVID-19 travel disruptions of the potential tax implications of their unintended stay in the country. The IRS apparently heard the call and recently issued Revenue Procedure 2020-20 that provides guidance and relief for foreign individuals and corporations as it pertains to U.S. tax residency.

 

Read the full document here

Brazil’s National Petroleum Agency, or ANP, issued Monday new rules and procedures for deactivating mature oil and natural gas fields that should result in about $5 billion in investments over the next five years as Latin America’s biggest producer shutters legacy assets amid the dramatic economic downturn caused by the coronavirus pandemic.

The measures represent “a benchmark for the industry, with the modernization and simplification of procedures will create new business opportunities and more investment in the country,” the ANP said in a statement.
By Jeff Fick via S&P Global Platts

No dia 24 de abril (sexta-feira) o governo dos Estados Unidos anunciou a retomada do Paycheck Protection Program, iniciativa que já ajudou mais de 1,66 milhão de pequenos empresários e protegeu mais de 30 milhões de empregos no país. Com a nova rodada de fundos disponibilizada pelo Congresso, muitos outros empregadores e empregadores serão beneficiados pela medida de alívio dos impactos ocasionados pela crise do coronavírus.

Além disso, o Setor de Promoção Comercial (SECOM) do Consulado-Geral do Brasil segue atuando em favor dos investimentos e da promoção do comércio de empresários brasileiros nos Estados Unidos, também com o objetivo de contornar os efeitos econômicos da pandemia.

Para explorar mais a fundo as opções disponíveis para empreendedores em território norte-americano, a Drummond Advisors convida o Ministro Fernando Sena, do Consulado-Geral do Brasil em Nova York, para um bate-papo esclarecedor sobre as ações que vêm sendo tomadas para auxiliar empresários a atravessar as próximas semanas de incerteza.

Convidado Especial: Ministro Fernando Sena – Consulado-Geral do Brasil em Nova York

O webinar é gratuito e contará com os experts do Time Drummond respondendo suas dúvidas sobre essas iniciativas ao vivo. 

29 de abril, 2020 –  05:00 PM in Eastern Time (US and Canada)

Inscreva-se aqui.

 

The Federal Government issued another set of rules to facilitate access to credit and minimize the economic effects of the pandemic COVID-19, informs the “Agency Senate.”

MP

According to the Provisional Measure 958/2020 published in the Official Gazette (DOU) on Monday (27), it was determined that until September 30, 2020, public banks are not required to fulfill certain obligations in time to renew and new loans. Before the MP, for example, without proof that the person voted in the last election, it was paid their fine or that if properly justified, the voter could not borrow to financial institutions. Now, such a requirement is temporarily suspended.

 

Via DATAGRO

 

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The release of working capital facilities to companies affected by coronavirus pandemic totaled R $ 1.1 billion, today reported on Thursday (23) the National Bank for Economic and Social Development (BNDES), informs the “Agency Brazil” . The amount is equivalent to 22% of R credit line of $ 5 billion announced last month to help micro, small and medium enterprises.

 

Via DATAGRO

 

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São Paulo – Amid the crisis wrought by the Covid-19 pandemic, which has countries around the world embracing self-isolation among other measures, Brazil stepped up its imports in some sectors this month. Foreign purchases went up for items including sanitary equipment and accessories, livestock, pipes, tubes and hoses, wheat, coal, fertilizers, taps, ethylene polymers and electric generators.

 

Via Brazil-Arab News Agency

 

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Module-level technologies are driving strong efficiency readings within Brazil’s portfolio of solar projects, data from the country’s industry regulator is finding.

GCL SI expects the market to rebound from any lasting effects of the COVID-19 pandemic, with the market boasting a strong pipeline of projects and appetite for solar PV.

 

Via PV Tech

 

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Our member Littler Mendelson PC is offering important tips to help employers navigate the Covid 19 pandemic.

As the federal, state, and local governments are starting to unveil their return-to-work plans, employers are anxious to resume operations and get employees back to the workplace. At Littler, we understand that the “next normal” looks different for every organization, each with its own unique workforce, business goals, and concerns. To address these and other issues stemming from the current pandemic, Littler continues to build on its COVID‑19 offerings through comprehensive resources that can help employers start the return-to-work conversation.

 

Access all of the resources here

The “Brazil – Telecoms, Mobile and Broadband – Statistics and Analyses” report has been added to ResearchAndMarkets.com’s offering.

The Brazilian fixed-line market continues to suffer from consumers substituting services for mobile and VoIP solutions, the latter offerings being treated as value-add and thus not being regulated. As a result, VoIP services are offered by many providers.

Via Yahoo Finance

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The closure of the borders to contain the spread of COVID-19 has impacted not only tourism and business travel, but also international trade & supply chain.

Law firm Baker McKenzie recently estimated global trade fell 4 per cent during the first quarter of this year – only the second time it has plunged so deeply since the mid-1980s. The IMF predicts imports and exports in advanced economies will each fall by more than 11 per cent this year, “far worse” than the 2008-09 financial crisis. An idled economy needs far less transportation capacity, and a massive idling of ships, trucks and airplanes is already under way. But modern countries still require fertilizers, grains and food. They still need disinfectants to treat drinking water. The products still wanted and needed by consumers is moving through transportation networks that have become far more unpredictable and unreliable – leading to logistical nightmares and increased costs.

Of all the major modes of transport, air cargo seems to have been most affected. That’s because passenger aircraft carry large volumes in their holds – meaning that the suspension of passenger flights globally has resulted in a significant reduction of airfreight capacity, posing a massive challenge in the timely delivery of all types of cargo, especially refrigerated cargo.

Freight forwarders, which facilitate the movements of goods worldwide, are among the many parties grappling with this logistical whiplash. The constant changes in rates and frequent frequent last-minute cancellations are forcing them to search for alternative ways to ship goods.

Join the Brazilian-Canadian Chamber of Commerce this Friday, April 24th at 1:00 PM for a conversation with Arnon Melo, President at MELLOHAWK Logistics to understand what are the available solutions for companies looking to move reefer cargo between Brazil and Canada.

Register here.

 

SAO PAULO, April 20 (Xinhua) — Chinese truck maker Foton is moving to online sales in Brazil, due to an expected rise in demand for light commercial vehicles driven by the boom in online sales and home delivery services.

“Due to the lockdown, online sales have become more important, and that is a trend that is here to stay,” said Luiz Carlos Mendonca de Barros, president of Foton’s board of directors in Brazil, Latin America’s largest economy, in an interview with Xinhua.

 

Via Xinhua Net

 

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Quem está fora do Brasil durante a pandemia se vê cercado por dúvidas sobre como proceder com questões imigratórias, onde obter informações específicas para expatriados, como obter auxílio financeiro e benefícios trabalhistas em meio à crise, entre tantas outras providências que devem ser tomadas para enfrentamento desse cenário inédito.

Para ajudar brasileiros na região de Nova York a tomarem decisões bem informadas em tempos de COVID-19, a Drummond Advisors se une ao Consulado-Geral do Brasil em Nova York e ao Grupo Mulheres do Brasil – Núcleo Nova Iorque em um webinar esclarecedor com orientações e recursos para enfrentar as próximas semanas.

O bate-papo vai explorar os serviços consulares emergenciais disponíveis aos brasileiros, impactos do coronavírus sobre a imigração e novos regulamentos em vigor, projetos voluntários para assistir a comunidade brasileira nos EUA, e o pacote de estímulo do governo americano (Cares Act).

Apr 23, 2020 05:00 PM Eastern Time (US and Canada)

Inscreva-se!

 

SAO PAULO (Reuters) – Volkswagen AG (VOWG_p.DE) said on Monday it will keep its factories in Brazil, South America’s top auto producer, shut through the end of the month, but that a decision has not been made on whether it will reopen them in May or later.

The automaker has just reached a tentative deal with its unions that will keep workers net salaries intact, Volkswagen said. Gross salaries will be reduced but Brazil’s government will help make up the difference with subsidies.

 

By Marcelo Rochabrun via Reuters

 

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BRASILIA (Reuters) – Brazil appears set to embark cautiously on unconventional monetary policy using small interventions to tackle dysfunction in bond markets, as it does with foreign exchange, but the severity of the crisis may ultimately force it to emulate the dramatic steps taken in the United States and Europe.

Congress is debating a bill to grant the central bank emergency powers to carry out “quantitative easing” or QE as part of its crisis-fighting arsenal, allowing it to buy public and private financial assets during national emergencies.

By Jamie McGeever via Yahoo Finance

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The Brazilian agribusiness exports to China are and [will] be preserved, says the study “Prospects of China’s economic development post-covid-19 and impacts on the Brazilian economy,” prepared by Inovasia Consulting. “We have not detected by China retreat requests to agricultural product orders from Brazil,” says Felipe Zmoginski, survey coordinator.

The survey was conducted between the months of February and March with interviews collected in China and use of data from Tsinghua University and the National Statistics Office of China. According to Zmoginski, the food chain has been little affected in China, with importers seeking to anticipate any supply problem.

 

By DATAGRO

 

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SAO PAULO, April 15 (Reuters) – MercadoLibre’s financial services arm, Mercado Pago, is extending a 600 million-real ($114 million) credit line to help Brazilian medium and small businesses face the sharp drop in economic activity caused by the new coronavirus crisis.

“We aim to help sellers in our platform, mainly small businesses,” said Pedro de Paula, head of Brazil credit at MercadoLibre, an operator of online marketplaces.

 

By Aluisio Alves via Reuters

 

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Published in an extra edition of the 22nd March 2020, Provisional Measure (MP) No. 927/20 regulates the adjustments in the labor laws announced by the government to minimize the impact of the declared public emergency until December 31, 2020 due to the coronavirus pandemic.

The rule establishes that, during this period, the agreement between employer and employee will prevail over any other legal act, provided that the agreement is signed in writing, aimed at maintaining employment and obey the limits provided for in the Federal Constitution.

 

Read the full document here

BRASILIA/SAO PAULO (Reuters) – Brazil’s Economy Ministry is talking with banks about providing bailouts to sectors such as airlines, automakers, power companies and large retailers to help them survive the coronavirus crisis, bank executives confirmed on Wednesday in live presentations.

Reuters reported earlier on Wednesday that Brazil’s biggest lenders – such as Banco Bradesco, Itau Unibanco Holding SA (ITUB4.SA), Banco Santander Brasil and Banco do Brasil SA (BBAS3.SA) – have discussed with the country’s central bank and development bank BNDES how and which financial instruments could be used to rescue embattled companies.

 

By Marcela Ayres and Carolina Mandl via Reuters

 

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The Central Bank of Brazil has kicked off a new phase in the testing process for Pix, the upcoming national instant payments platform, with the simulation of transfers.

The tests of the technology underpinning the settlement infrastructure will see participating institutions testing their settlement flows, so the process where resources are transferred from the payer to the recipient, with fictitious data.

 

By Angelica Mari via ZD Net

 

Read full article here

China launched an online fair for 15 days on Tuesday (14) to promote cooperation between Chinese and Latin American companies, reports “Xinhua” agency. The digital display of international trade China-Latin America (Mexico), sponsored by the China Council for the Promotion of International Trade (CCPCI), attracted around 2000 domestic companies and about 5000 foreign buyers.

The exhibition is closely monitoring the market demand in Latin America and offers the online trading opportunities companies and precise partnership services through big data, said Gao Yan, head of CCPCI.

 

Via DATAGRO

 

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RIO DE JANEIRO — When 97-year-old Brazilian Gina Dal Colleto was hospitalized on April 1 with coronavirus symptoms, few could have thought she would survive the deadly virus.

On Sunday, however, Dal Colleto was pushed in a wheelchair out of Sao Paulo’s Vila Nova Star hospital to applause from doctors and nurses, becoming the oldest known survivor of COVID-19 in Brazil, the Latin American country worst-hit by the outbreak.

 

Via NBC News

 

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A pandemia causada pelo coronavírus está acelerando alguns projetos que já tinham sido iniciados recentemente. Como o Delivery Robô, do Grupo de Mobilidade Inteligente da Escola Politécnica da Universidade de São Paulo (USP), que começou a ser projetado em julho de 2019 para realizar serviços de separação e entrega de medicamentos a pacientes e exames laboratoriais e até limpeza e esterilização do Hospital Universitário da USP, o HU.  Sua implementação pode resultar em um saldo menor de doentes e óbitos entre os profissionais da saúde.

 

By Deborah Moreira via SEESP

 

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RIO DE JANEIRO —  Netflix announced Tuesday April 14, the creation of a 5 million reals ($1 million) fund to support local below-the-line production employees and free-lancers not able to work due to the coronavirus pandemic.

The aid will be distributed by the Brazilian Institute of Audiovisual Content (ICAB), an arm of leading industry organization Brazil Audiovisual Independent (BRAVI). It will help up to 5,000 workers with one part of the local monthly minimum wage of US$200. It targets personnel involved in production tasks, such as cinematography, sound, art design, makeup, scenography, and logistics.

 

By Marcelo Cajueiro via Variety

 

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The Plenary of the House of Representatives approved on Monday (13), Union financial assistance to states, Federal District and municipalities to offset the revenue loss of ICMS and ISS this year compared to 2019. The decrease is forecast pandemic caused by COVID-19. The text (Project of Complementary Law 149/19) will be sent to the Senate, reports the “Agency Board”.

The matter was approved by 431 votes to 70, in the form of substitute Pedro Paulo deputy (DEM-RJ), and provides that the money should be used in actions against the coronavirus. The funds will be delivered from May to October and refer to the collection of difference, if any, between the months from April to September of both years. Thus, for example, in September is not observed drop in income, no pass.

 

Via DATAGRO

 

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Sao Paulo, the state at the epicenter of Brazil’s coronavirus cases, is using geo-referenced data provided by the nation’s main telecom firms to monitor the adherence to quarantine measures.

The government is now able to monitor areas where there’s greater movement and concentration of people so it can step in and reinforce the need for social distancing, state secretary for economic development Patricia Ellen said in a press conference Thursday. Firms providing data include Telefonica SA and Telecom Italia SpA’s Brazilian units, as well as Claro SA and Oi SA. The government doesn’t have access to individualized data to protect people’s privacy, she added.

 

By Vinicius Andrade via Bloomberg

 

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Homebound the past few weeks, what I miss is pretty straightforward: I want to see friends again, go to galleries, visit my favorite Mexican restaurant. But every so often I find myself lingering on more grandiose possibilities, topmost of which is a trip to Inhotim, a 250-acre sculpture park about an hour and a half’s drive from Belo Horizonte, Brazil.

Full disclosure: I’m partially motivated by regret. As the Bloomberg Pursuits arts writer, I get to travel a lot for my job, and while far-flung art fairs and biennials can be eye-opening, I find that at these events I spend more time with the so-called art world than the art itself. That was one of the reasons I pitched a straightforward piece on Brazil’s art scene—no mention of commerce needed.

 

By James Tarmy via Bloomberg

 

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In December 2019 the group of collaborating economists released a paper stating that the value of all great whales worldwide is approximately one trillion US dollars.

 

Via Oceanographic

 

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Brazil is home to 13% of the world’s forested area.

But in recent years the country has seen a huge increase in deforestation due to land use change and agriculture.

While the largest proportions of greenhouse gas emissions in other countries comes from the energy and transport sector, in Brazil deforestation is a huge emitter.

 

By Barbara Brakarz via Climate Home News

 

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BRASILIA – Brazil’s health minister said on Wednesday that the country’s attempts to purchase thousands of ventilators from China to fight a growing coronavirus epidemic had fallen through and the government is now looking to Brazilian companies to build the devices.

“Practically all our purchases of equipment in China are not being confirmed,” Minister Luiz Henrique Mandetta said at a news conference.

 

Via Voa News

 

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São Paulo – Egypt has accredited 42 new Brazilian companies to export meat to its market. The plants are 15 beef packers and 27 poultry packers that can now sell to the Arab country after Egypt’s General Organization for Veterinary Services issued the accreditation on March 31.

The agricultural attaché of the Embassy of Brazil to Cairo, Cesar Simas Teles, told ANBA the Arab country has also renewed the accreditation of 95 exporters that were already in the marketing, including 82 bovine slaughterhouses. According to Teles, the negotiation for the new accreditations involved the Secretariat of Trade and Foreign Relations and the Secretariat of Agricultural Defense of the Ministry of Agriculture, Livestock and Supply, as well as Brazil’s Embassy in Egypt and Egyptian health offices.

 

By Thais Sousa via Brazil-Arab News Agency

 

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The coronavirus should affect all sectors of the economy, but, among all, one has advantage and should come out unscathed from the crisis: agribusiness. The statement is the professor and expert in the field FECAP José Luiz Tejon Megiddo.

According Tejon, the macro sector of agribusiness moves about U $$ 20 trillion in global market including the entire production chain of “before, in and post-gate” of the farms. And, in his evaluation, with high commodity prices and the dollar, they are great prospects for Brazil.

 

Via DATAGRO

 

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BRASILIA, April 7 (Reuters) – Retail sales in Brazil surged in February, recording their biggest rise for that month in six years, with consumers’ urge to spend yet to be affected by the looming coronavirus crisis, official figures showed on Tuesday.

Sales volumes excluding cars and building materials jumped 1.2% in February from January, government statistics agency IBGE said, much stronger than the median estimate in a Reuters poll of economists of a 0.3% decline.

 

By Jamie McGeever via Reuters

 

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Quero supports private education providers through crisis

Private higher education firms are expected to see a 20% revenue drop in the period between June and September this year, according to Quero Educação, a Brazilian startup that provides technology to the sector. The edtech, owner of a marketplace that connects students to private education providers, predicts a greater number of students won’t manage to keep up their financial commitments in education over the period, compared to the same period in 2019.

 

By Angelica Mari via Forbes

 

Read full article here

Brazil has launched a blockchain platform that will allow its three main market regulators to share information seamlessly. The platform is known as PIER and was launched jointly by the Securities and Exchanges Commission (CVM), the private insurance superintendent (SUSEP) and the Banco Central do Brasil (BCB).

While announcing the big move, the CVM stated that the use of blockchain technology is a leap in quality for information security in Brazil. PIER will make access of information siloed by the three institutions safer, broader and more direct, an analyst with the CVM, Frederico Shu stated.

 

By Steve Kaaru via Coin Geek

 

Read full article here

Residents are still running errands, and motorbikes are still weaving through traffic on the narrow, busy streets. Some shops have closed – but many are very much open, despite a state-wide quarantine. When people here live hand-to-mouth, how do you tell them to shut up shop?

Covid-19 is seen by many in favelas as a rich person’s disease brought in from abroad, but as the virus spreads, they worry that the poor will suffer the most.

 

By Katy Watson via BBC News

 

Read full article here

Gathered in session of Congress on Thursday (02), Senators approved with 78 votes in favor and none opposed the bill that regulates the execution of impositive amendments to the budget (PLN 2/2020), informs the “Agency Senate”.

Moreover, the text was changed to allow the federal government has budgetary margin to increase spending to deal with the economic consequences, social and health pandemic COVID-19, a disease caused by a new coronavirus. Before the senators, federal deputies had approved the project in the morning, early in the virtual session of Congress by 441 votes in favor and 1 opposed. The PLN 2/2020 goes to presidential approval.

 

Via DATAGRO

 

Read full article here

As Brazilian companies adapt to new ways of working due to the COVID-19 pandemic, staff are managing to do their jobs remotely, but other areas of people management are being impacted as companies don’t know how to handle certain processes away from the office.

A significant number of Brazilian medium and large-sized organizations had to improvise as employers shut offices down to slow the spread of coronavirus. Some 41% of 240 respondents polled by recruitment consultancy Robert Half said employers rushed to put policies together in the last minute to respond to quarantine measures introduced in states across the country between March 18 and 19.

 

By Angelica Mari via ZD Net

 

Read full article here

BRASILIA, April 1 (Reuters) – Brazil’s government on Wednesday launched a program that will allow companies hit by the coronavirus crisis to reduce workers’ salaries and hours, or temporarily suspend contracts, in order to preserve as many jobs as possible.

The program could potentially help save up to 12 million jobs, according to Economy Ministry estimates, and will cost the Treasury 51 billion reais ($10 billion).

By Marcela Ayres and Gabriel Ponte via Yahoo Finance

Read full article here

Our fellow Eduarda Zoghbi has created a platform for women empowerment that produces regular content in the form of podcasts.

“We strive to create a platform for dialogue among women from around the world. Our focus is on women change makers, their experiences and stories, and sharing it globally with our podcast.”

 

Click here to visit the website

The audit of imports of plant products and by-products is already being processed in a single system the federal government: the Single Foreign Trade Portal. The system enables a safer and more responsive control of imports.

It is a concerted effort between the Ministry of Agriculture Livestock and Supply and the Ministry of Economy, with the aim of reducing bureaucracy in Brazilian ports, promoting the facilitation of international trade insurance.

 

Via DATAGRO

 

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The Senate approved on Monday (30) the payment of an emergency aid for three months in the amount of R $ 600, for the self-employed, informal and without fixed income workers, reports the “Agency Brazil.” Called “coronavoucher”, help comes to repair the losses of income for some slices of society during the period of isolation when job opportunities for these categories are scarce.

The approval was unanimous, with 79 votes in favor and support of the opposition senators and the government. The PSL leader in the Senate, Major Olimpio (SP), was one of several parliamentarians who have spoken. “We are in need of such initiatives in the vein inject money for citizens buy food and survive this calamity. The first time that money will come into the hand of the people will be in this project. It calamity, people are in need. ”

 

Via DATAGRO

 

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SAO PAULO, March 30 (Reuters) – Brazil’s government is considering an emergency loan package for energy distributors struggling with lower energy use and facing lost revenues because of the coronavirus outbreak, an industry group told Reuters on Monday.

Marcos Madureira, president of Brazilian energy distributors association Abradee, said the package being negotiated by companies and the government could involve loans from state development bank BNDES or a pool of banks, but that the value of the loans and other details was not yet settled

 

By Luciano Costa via Reuters

 

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Governments across Brazil are looking to roll out a system developed that uses geolocation tracking to support actions around the lockdowns intended to slow the spread of COVID-19.

Brazilian startup InLoco develops the geolocation technology, which is normally used by companies from sectors such as retail, to securely target and engage with users without the need to share personal information. Users are geotracked through a location map that doesn’t use GPS or beacons, which InLoco claims to be 30 times more accurate than GPS.

 

By Angelica Mari Via ZD Net

 

Read full article here

Acting in defense of rights is hard work, which requires full dedication and commitment. Fundação Abrinq knows that if you have focus and passion, it is possible to make a difference and bring opportunities for thousands of children. 

Fundação Abrinq believes in a fairer world, and it was with that in mind the operations were conducted last year. With your feet on the ground, impacting one life at a time, transforming one history at a time; that is how Fundação Abrinq will continue working to ensure a more sensible society when it comes to helping those who most need support and protection: children and adolescents.

Meet Fundação Abrinq

As you approach the city of Sobral in north-east Brazil, the road worsens. Huge pot holes slow traffic to a crawl. The heat is suffocating, even worse when there is no cloud cover.

Sobral is poor. Jobs are scarce, salaries meagre, gangs the only option for many. For children, it’s a tough start to life. Ana Farias, headteacher of an early-years school in a low-income neighbourhood controlled by a gang, knows this only too well. Some of her students wouldn’t eat if it were not for free school meals.

 

By Sarah Johnson via The Guardian

 

Read full article here

SAO PAULO, March 26 (Reuters) – Brazil’s monetary council on Thursday said the country’s fintechs will be able to obtain funding from development bank BNDES, as their usual financing channels have dried up due to coronavirus-linked market tensions.

The authority also said that fintechs will be allowed to issue credit cards as an alternative source of revenue.

 

By Carolina Mandl via Nasdaq

 

Read full article here

With the diagnosis that the encouragement of industry export capacity is essential for the recovery of the Brazilian economy, the National Industry Confederation (CNI) asked the government to draw up a national strategy for foreign trade, informs the “Agency Brazil.” It said foreign sales are one of the few engines for the resumption of growth will remain after the end of the pandemic caused by the new coronavirus covid-19.

The suggestion contained in the 5th edition of the International Agency of Industry, released on Wednesday (25) by CNI. The document lists 109 actions suggestions for the government and the entity itself, divided into four areas: trade policy, to support the internationalization services, actions in strategic markets and international cooperation.

 

Via DATAGRO

 

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Dear Members:

 

The Board of Directors of the Brazilian-American Chamber of Commerce hereby welcomes and congratulates, as new President & Chairperson of the Board, Simoni Morato, Chief Executive Officer & Senior Executive Vice President, Safra National Bank of New York (bio attached).  Ms. Morato was unanimously elected by the Board of Directors to serve in this role on March 24, 2020.  Her leadership and insight will be integral to developing strategies and policies that pave the way for the future of the Chamber and further its mission of promoting trade, investment, and cultural ties between Brazil and the United States.

 

The Chamber also welcomes, as new Vice President, Amadeu C. Ribeiro, Partner, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados LLP.

 

As newly-elected Directors, the Chamber congratulates:

 

Daniel Almeida Bogado Leite, Banco do Brasil

Elizabeth Madigan Jost, Morgan Stanley

Paula Kovarsky, Cosan Limited

William Landers, BTG Pactual

Renata Neeser, Littler Mendelson P.C.

Sandy Salgado, Mitsubishi UFJ Financial Group, Inc.

Helio Shinohara, Caixa Econômica Federal

Arnoldo Wald Filho, Wald, Antunes, Vita, Longo e Blattner Advogados

 

As re-elected Directors, the Chamber congratulates:

 

Marco Antonio Achon, Banco Santander S.A.

Marcio M. S. Baptista, TozziniFreire Advogados

Celso V.  Barison, Citrus Products, Inc.

Henry G. Burnett, King & Spalding LLP

Roberto De Paula, Royal Consulting, Inc.

Karyn K. Koiffman, Akerman LLP

G. Edward Montero, UBS

Francesca L. Odell, Cleary Gottlieb Steen & Hamilton LLP

Natalia Quesada, American Airlines

Gabrielle Trebat, McLarty Associates

 

Newly elected to the Executive Committee include, as Past Presidents, Alexandre Bettamio, Chief Executive Officer & President of Latin America Division, Bank of America Merrill Lynch, and Theodore M. Helms, former Executive Manager, Investor Relations, Petróleo Brasileiro S.A. – PETROBRAS and former Executive Director of the Chamber; as Vice President, Amadeu C. Ribeiro, Partner, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados LLP; and as Members, Francesca L. Odell, Partner, Cleary Gottlieb Steen & Hamilton LLP, and Paulo Vieira da Cunha, Partner, VERBANK Consulting, LLC.

 

Alexandre Bettamio was also elected as Co-Chairperson of the Awards Committee.

 

The Chamber hereby extends a warm congratulations to all now serving on its Board of Directors!

 

Brazilian-American Chamber of Commerce, Inc.

 

Please find Simoni Morato’s biography here

The COVID-19 crisis will likely result in the postponement of the go-live date for Brazil’s general data protection regulations. According to industry observers, the pandemic is seen as a fair justification to delay the go-live date for the regulations, which are due to be enforced in August 2020.

A bill authored by congressman Carlos Bezerra presented in November 2019 had already proposed pushing the go-live date for the rules to August 15, 2022. In his proposal to delay the introduction of Brazil’s GDPR, Bezerra used the slowness in setting up the National Data Protection Authority (ANPD, in the Portuguese acronym), which will be responsible for editing the data protection and privacy regulations, as a key part of the argument.

 

By Angelica Mari via ZD Net

 

Read full article here

The Ministry of Infrastructure announced on Monday (23) that the folder will work together with the governors of the states of South and Southeast to avoid local decisions which determine the blocking of roads as containment measure of the spread of the new coronavirus, informs the “Agency Brazil.” The subject was treated in videoconference between the Minister Tarcisio Gomes de Freitas and the governors of the Consortium of South and Southeast Integration (Cosud).

According to the ministry, there was consensus that state decrees shall ensure the free movement of cargo transportation and the operation of services of tire stores, auto repair shops, restaurants and eateries along the highways.

 

Via DATAGRO

 

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The Ministry of Mines and Energy (MME) published two more ordinances framework of priority projects in the biofuels sector, aiming at issuing debentures encouraged. The measure encourages the expansion of investment by raising funds for infrastructure projects aimed at implementation, expansion, maintenance, recovery, adaptation or modernization of enterprises with tax breaks for investors and encouraging the growth of employment and income in the industry .

 

Via DATAGRO

 

Read full article here

SAO PAULO, March 23 (Reuters) – Brazilian wireless carrier TIM Participacoes SA said on Monday it has partnered with Rio de Janeiro’s city hall for data analysis that will allow authorities to track displacement and concentration of people in areas affected by the coronavirus outbreak.

In a statement, the local subsidiary of Telecom Italia SpA added it will use its antennas spread across Rio de Janeiro to provide real-time data on people’s displacement throughout the city.

 

By Gabriela Mello via Reuters via Reuters

 

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Agriculture Ministers from various countries in South America participated in this Monday (23) at the invitation of Tereza Cristina Minister, in a video conference to discuss the harmonization of standards and ensuring a smooth transit of goods and food supplies in the region during coronavirus pandemic. “It is essential to our alignment at the highest level policy, which should also be reflected in agile and clear instructions for the operational plan, especially for the tip, border authorities,” he said the Brazilian minister.

They participated in the virtual meeting with Tereza Cristina ministers Luis Eugenio Basterra (Argentina), Antonio Walker homage (Chile), Rodolfo Max Friedmann Alfaro (Paraguay), Carlos Maria Uriarte (Uruguay), Jorge Luis Montenegro Chavesta (Peru) and Beatriz Eliane Capobiano Sandoval (Bolivia), as well as representatives of the Brazilian ministries of Infrastructure and Foreign Affairs.

 

Via DATAGRO

 

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NEW YORK, March 23 (Reuters) – Brazilian mills are expected to make a sharp switch from ethanol to sugar production in the new season kicking off in the world’s largest sugarcane producer, as falling gasoline prices and a weak currency reduce the biofuel’s appeal, analysts said.

Mills in Brazil have the flexibility to partially switch cane toward sugar or ethanol production, depending on market prices. For the last two years, they have allocated an all-time low amount of cane for sugar, around 34%, as ethanol gave them higher returns.

 

By Marcelo Teixeira via Nasdaq

 

Read full article here

Coronavirus (COVID-19) poses particular concerns for employers for several reasons, beyond the obvious need to protect employees who may be at risk and the need to address employee concerns: coronavirus might be transmittable in the workplace, and is serious; the incubation period after exposure but before symptoms appear is believed to be a minimum of several days; and early symptoms can mimic less severe respiratory problems, such as the flu.

We hope this page provides a useful resource for employers to learn how COVID-19 is affecting various aspects of employment law, and how different jurisdictions are addressing the outbreak. Because the COVID-19 situation is dynamic, with new governmental measures each day, employers should consult with counsel for the latest developments and updated guidance on this topic. 

 

More Information

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, Inc., we regretfully inform you of the passing, on March 19, 2020 at the age of 99, of Sheun Ming Ling, President Emeritus of the Board of Directors of Évora S.A. and Founder of Instituto Ling, a longtime and valued partner of the Chamber.

With no formal education and few resources, Mr. Ling migrated from China to Brazil in 1951.  Shortly thereafter, he set off on an entrepreneurial journey that jumpstarted Brazil’s soy industry, creating Évora S.A.  In 1995, Mr. Ling and his wife, Lydia Wong Ling, founded Instituto Ling, a philanthropic entity that has provided 772 students, many of whom are Person of the Year Fellows, with educational scholarships.

Mr. Ling is survived by Lydia, to whom he was married for 66 years, four children, and nine grandchildren.  More information on Sheun Ming Ling’s great life and career can be found here.

 

The Ministry of Agriculture, Livestock and Supply (MAPA) and the Federal Public Ministry (MPF) will work jointly to provide greater legal certainty and speed the implementation of public policies folder.

The cooperation agreement was signed on Tuesday (17) between the Minister Tereza Cristina and Attorney General of the Republic, Augusto Aras. The partnership between the two bodies had already been signed in previous years, with the development of similar actions. However, with expansion of map structure, the current government, the agreement was renewed.

 

Via DATAGRO

 

Read full article here

With the increase of cases of contamination by the new coronavirus in Brazil, Companhia de Bebidas das Americas (AmBev) announced on Tuesday (17) that is producing alcohol gel to distribute 500,000 bottles to municipal hospitals in the cities of São Paulo , Rio de Janeiro and Brasilia, where cities are concentrated the majority of cases of the disease so far, informs the “Agency Brazil.”

 

By DATAGRO

 

Read full article here

The Central Bank of Brazil has launched its standard for QR Codes, to universalize cashless payments in the country. The new standard will become mandatory in September 2020.

“The new rules aim to increase transparency for end-users, both payers and recipients, by expanding and improving access to information and, thus, creating a pro-competitive environment in the Brazilian Payment System”, said the Central Bank, in a statement.

 

By Angelica Mari via ZD Net

 

Read full article here

Golar Power Limited has signed a “protocol of intentions” with the government of Brazil’s Pernambuco state to develop a liquefied natural gas (LNG) import terminal in the Port of Suape in northeastern Brazil, Golar LNG reported Monday.

Golar Power is a 50/50 joint venture (JV) between Golar LNG and the private equity firm Stonepeak Infrastructure Partners, according to Stonepeak’s website.

 

By Matthew V. Veazey via RigZone

 

Read full article here

RIO DE JANEIRO, Brazil – Lua has a hungry look on her face as she holds her new book on Nelson Mandela, one of thousands the precocious 12-year-old has amassed for her new library in a poor Brazilian favela.

“I don’t read books. I devour them,” she says in Rio de Janeiro’s Tabajaras neighborhood, a shantytown perched in the hills overlooking the chic districts of Copacabana and Botafogo.

 

By Agence France-Presse via Rappler.com

 

Read full article here

Artificial intelligence (AI) programs are already making decisions in different judicial processes. In these cases, legal professionals check and then confirm the guidelines suggested by the software.

AI also already performs actions such as reading, interpreting, selecting, and drafting legal documents, changing the profile of activities in courts and law firms.

 

By Flávio Ferreira via Folha de S. Paulo

 

Read full article here

The estimated gross revenue from all Brazilian crops, with reference to average prices received by producers in January, is estimated for 2020 at $ 438 billion, reports the “Embrapa”.

In calculating this amount, it is established a ranking of five products, it finds that the first figure soybean, R $ 158.6 billion, which corresponds to 36% of the said value; corn, second, with R $ 72.7 billion (15.5%); followed by sugarcane with R $ 59.16 billion (13.5%); upland cotton with R $ 41.4 billion (9.5%) in fourth place; and finally, billing the Cafés do Brazil, fifth place in the ranking, with R $ 25.06 billion, a figure equivalent to 5.7% of all crops. Thus, the estimated revenue from the coffee crop for this year represents an increase of approximately 25% compared to 2019 revenues, which reached R $ 19.94 billion.

 

Via DATAGRO

 

Read full article here

The month of February recorded that ethanol sales by mills in the South-Central region totaled 2.40 billion liters, with 2.28 billion liters for the domestic market and 120.79 million liters for export.

The export volume represents an increase of 41.40% over February 2019 (85.42 million liters), with 99.49 million liters sold in the last half of the month.

 

Via DATAGRO

 

Read full article here

Chinese e-commerce giant Alibaba has registered a blockchain-based system patent in Brazil under the category of “insurance,” “financial business” and “monetary business,” according to the March 10th edition of the Industrial Property Magazine (NPI).

As reported by the NPI, the name of the mechanism is “Ant Unicorn.”

By Felipe Erazo via Cointelegraph

Read full article here

The opportunity to expand the ethanol consumption in the world is primarily linked to its use as an additive in the mix of fossil fuels, for example, in gasoline. This was underlined by the president of Unica, Evandro Gussi in “Opening Safra Cana, Sugar and Ethanol 2020/21 Santander DATAGRO” on Wednesday (11) in Ribeirão Preto (SP).

According to him, who recently made a tour of Asian countries [India, Thailand and Afghanistan] in order to delve into the reality of these markets biofuels, ethanol is in absolute harmony with the global agenda for decarbonisation. “The world wants to decarbonisation, but does not yet know the ethanol potential for it. In this regard, the electric car, which does not deliver what it promises in environmental terms, has been gaining in the field of communication. ”

 

Via DATAGRO

 

Read full article here

The Gross Domestic Product (GDP) of agribusiness grew 3.81% in 2019 compared to 2018 and represented 21.4% of total GDP of the country last year, according to publication of the Confederation of Agriculture and Livestock of Brazil (CNA), Center of Advanced Studies in Applied Economics (Cepea) and Agrarian Studies Foundation Luiz de Queiroz (FEALQ).

Services (6.77%), raw materials (5.54%) and agricultural industry (4.99%) grew in 2019. The primary sector was down 3.03%, pushed down by agriculture. “From the perspective of the branches, it is noted that, in 2019, agribusiness was driven by the excellent performance of the livestock sector, while the agricultural industry receded,” says the publication.

 

Via DATAGRO

 

Read full article here

Brazil’s soybean output in the current 2019-20 season is expected to reach a 126mn t record, the US Department of Agriculture (USDA) said today, in a 1mn t upward revision from last month’s forecast.

The estimate, if accurate, would represent a nearly 8pc increase from the prior year, according to USDA’s monthly World Agricultural Supply and Demand Estimates (Wasde) report.

 

By José Roberto Gomes via Argus Media

 

Read full article here

SAO PAULO (Reuters) – Heineken NV (HEIN.AS) will invest 865 million reais ($183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world’s two largest beer makers bubbles up.

The Dutch brewer will make the investment this year and next and focus on it Heineken and Amstel brands at the third-largest brewing facility in Parana state in Brazil, its most important market worldwide.

 

By Alberto Alerigi via Reuters

 

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Interested to strengthen the economic partnership between Brazil and the United States, the Presidents Jair Bolsonaro and Donaldo Trump instructed their negotiators to intensify the discussions prior to the possible signing of a bilateral trade package. The information was confirmed by the Ministry of Foreign Affairs. According to the folder, the intention is that an agreement will be signed later this year.

Bolsonaro and Trump met on Saturday night (07), during a dinner at a resort belonging to the very head of the US Executive, located in Palm Beach, Florida, announces the “Agency Brazil.”

 

Via DATAGRO

 

Read full article here

(Reuters) – Twitter Inc (TWTR.N) said on Wednesday it was testing in Brazil a new type of tweet that disappears after 24 hours, similar to the stories feature popular on Snapchat (SNAP.N) and Facebook’s (FB.O) photo-sharing app Instagram.

Called ‘fleets’, the vanishing messages can be viewed by tapping on a user’s profile picture. They do not appear on the user’s timeline or receive retweets, likes or public replies, Kayvon Beykpour, the company’s product lead, said on Twitter.

 

By Ankit Ajmera and Katie Paul via Reuters

 

Read full article here

 

 

FRANKFURT/DUESSELDORF/BRASILIA, March 5 (Reuters) – A consortium formed by Germany’s Thyssenkrupp AG TKAG.DE and Brazilian planemaker Embraer SA EMBR3.SA signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.

The contract signed in Rio de Janeiro is part of Brazil’s drive to modernize its navy so it can patrol off-shore resources in the Atlantic, such as Brazil’s vast pre-salt oil reserves.

 

By Christoph Steitz and Tom Kaeckenhoff via Nasdaq

 

Read full article here

SAO PAULO (Reuters) – Brazilian meatpacker JBS SA and state development bank BNDES are planning a simultaneous listing of JBS international operations in the United States and the sale of the bank’s stake in the company, five sources with knowledge of the matter said.

Sources close to the company say JBS is working on a transaction that is different from the one proposed in 2016.

 

By Tatiana Bautzer, Aluisio Alves and Carolina Mandl via WHBL

 

Read full article here

Join WE NYC and the Consulate General of Brazil in New York for this WE Master Leadership Conference!

This event is designed for women entrepreneurs with a goal of starting or growing a business in the United States. We will help you gain the critical management skills needed to start, operate, and grow a successful business.

*Please note the panel will be in Portuguese and the talks in English. For the talks, consecutive interpretation to Portuguese will be provided by Patricia Vittorazzi from New York Step-by-Step on a first-come, first-served basis.

 

The day will feature:

  • A thought-provoking panel discussion (in Portuguese) with successful Brazilian women entrepreneurs who will talk about the lessons they have learned throughout their entrepreneurial journey in the United States. Panelists will include Leticia Moreinos Schwartz, Chef Letícia, Jordana Guimarães, Co-Founder, FashInnovation, Jakeline Castanheira Co-Owner and Manager, Dog Room Club, and Sara Taublib, Founder, ModusRio. The panel will be moderated by Angelica Vieira, Executive Producer, Manhattan Connection.
  • A talk covering the Effective Communication Tactics (in English, with consecutive interpretation to Portuguese).
  • A talk covering Negotiation Techniques (in English, with consecutive interpretation to Portuguese).
  • An opportunity to network with business leaders and other entrepreneurs in the community.

 

More Information

The Brazilian economy will grow more than 2% in 2020 if the government-proposed reforms are approved, he said on Wednesday (04) Economy Minister, Paulo Guedes, informs the “Agency Brazil.” He said the coronavirus will have little impact on the country because the Brazilian economy is closed in relation to the economies of the rest of the world.

“In the second year [of government], I think we grow above 2%, even with the coronavirus. The Brazil has had two confirmed cases [the number rose to three today]. It is an economy that was relatively closed all these years, “said Guedes, he left the Ministry of Economy for a ceremony at the Presidential Palace.

 

Via DATAGRO

 

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Only two days after Latin America’s first case of coronavirus was confirmed in São Paulo, the largest Brazilian city, researchers at Adolfo Lutz Institute (IAL), the University of São Paulo (USP) in Brazil and the University of Oxford in the UK have published the complete genome sequence for the virus, which they call severe acute respiratory syndrome coronavirus type 2 (SARS-CoV-2).

The report was published on February 28 on Virological.org, a forum for discussion and data sharing used by virologists, epidemiologists and public health specialists. This kind of information helps understand how the virus is spreading around the world, and is useful for the development of vaccines and diagnostic tests.

 

Via Technology Networks

 

Read full article here

OSLO (Reuters) – Online marketplace OLX Brazil has agreed to buy competitor Grupo ZAP for 2.9 billion reais ($642 million), forming a leading Brazilian player in digital real estate advertising, OLX and its European owners said.

By combining their operations, rapidly growing OLX and ZAP can slash costs and boost earnings margins while providing a broader range of services to the online real estate market, they added late on Tuesday.

 

By Terje Solsvik via Reuters

 

Read full article here

BRASILIA — Brazil posted a trade surplus of $3.1 billion in February, official data showed on Monday, far stronger than forecast and confounding any expectations that the coronavirus outbreak might have dampened exports.

February’s figure was double the median consensus forecast in a Reuters poll of economists of a $1.5 billion surplus, a result of exports totaling $16.4 billion and imports reaching $13.3 billion.

 

By Marcela Ayres and James McGeever via The New York Times

 

Read full article here

It’s a hot summer’s day in São Paulo – sadly a relatively rare one this year – and Euromoney is with XP Inc’s head of media relations and the assistant to chief executive Guilherme Benchimol in an air-conditioned meeting room on the 28th floor of the newly IPO’d company. The air con and the chilled water are refreshing; while we wait, the assistant checks her phone.

“He’s nearly here,” she says. “He’s on his way in from his farm.”

By Rob Dwyer via Euromoney

 

Read full article here

Brazilian construtech Ambar wants to take the hassle out of the millions of consumers across the country who are either building or renovating their homes with an all-in-one automation platform.

The startup founded in 2012 and backed by the likes of Texas Pacific Group, Endeavor Catalyst and e.bricks Ventures is known for its modular systems – dubbed “Lego for construction”, these are packages of items needed for building or renovation work, in areas such as hydraulics – aimed to facilitate and speed up the overall job.

 

By Angelica Mari via Forbes

 

Read full article here

The Brazilian trade balance registered a surplus of US $ 520 million and total trade of US $ 7.412 billion in the third week of February 2020, as a result of exports worth US $ 3.966 billion and imports of US $ 3.446 billion. According to data released on Thursday (27) by the Secretary of Ministry of Economy of Foreign Trade (Secex / ME) in the month exports totaled US $ 12.364 billion and imports, US $ 11.259 billion, with a surplus of US $ 1,105 billion and total trade of US $ 23.624 billion.

 

By DATAGRO

 

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MADRID — Santander Brazil head Sergio Rial will join Santander’s board as a group executive director, the Spanish bank said on Thursday, giving the 59-year-old more influence over its overall strategy.

The Brazilian is viewed as one of the leading candidates to become Santander CEO in the medium term, several senior bankers have told Reuters, after the bank failed to hire Italian banker Andrea Orcel for the role in January last year.

 

By Jesús Aguado, Carolina Mandl and Pamela Barbaglia via The New York Times

 

Read full article here

Since its establishment in February 1990, FUNDAÇÃO ABRINQ PELOS DIREITOS DA CRIANÇA E DO ADOLESCENTE has been active in alignment with the terms established by the Federal Constitution of Brazil and by the International Convention on the Rights of the Child, by the United Nations Organization (UN).

FUNDAÇÃO ABRINQ fosters political participation, the implementation of projects and programs, and the development of special actions for communication and involvement which seek to uphold the rights of children and adolescents in Brazil.

Their mission is to promote the exercising of citizenship among children and adolescents and to defend their rights.

In 30 years of existence, FUNDAÇÃO ABRINQ has benefited more than 8 million boys and girls throughout Brazil.

Learn more here.

São Paulo-based organization BlackRocks Startups (BRS) is currently readying a new and larger acceleration cycle to cater for the increase in tech-based products and services created by black entrepreneurs.

According to data from Brazilian research firm Instituto Locomotiva, consumption driven the black population currently injects about 1.7 trillion reais ($380 million) into the local economy. BRS wants to cater for that demand: the accelerator supported the development of five startups in 2019 and this year, 16 early-stage startups will take part in the program.

 

By Angelica Mari via Forbes

 

Read full article here

The Confederation of Agriculture and Livestock of Brazil (CNA) participated on 20 and 21 February the 96th edition of the Agricultural Outlook Forum in Arlington in the US state of Virginia. The event was sponsored by the US Department of Agriculture (USDA) and brought together experts, technicians and representatives of the global agribusiness to discuss innovation and use of technology in the sector.

 

Via Datagro

 

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BUENOS AIRES/SAO PAULO/MEXICO CITY, Feb 26 (Reuters) – Brazilian stocks are forecast to soar nearly 19% by the end of 2020, logging a fifth year of solid gains, according to a Reuters poll of market strategists who were looking beyond current jitters over the coronavirus outbreak.

The benchmark Bovespa stock index .BVSP is forecast to rise to 135,000 points by the end of 2020, a 18.8% increase over its last mark before Carnival holidays this week, according to the median estimate of 15 strategists surveyed Feb 13-25.

 

By Gabriel Burin, Paula Laier and Miguel Gutierrez via Nasdaq

 

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LONDON, Feb 25 (Reuters) – Britain’s Centrica CNA.L chartered a vessel to supply liquefied natural gas (LNG) this month to power firm Centrais Elétricas de Sergipe S.A. (CELSE) ELET6.SA, launching Brazil’s first private LNG terminal.

Brazil has been implementing reforms to end the monopoly of Petroleo Brasileiro SA PETR4.SA, known as Petrobras, in supplying natural gas to the domestic market. The new terminal was developed before the reforms were announced last year.

 

By Ekaterina Kravtsova via Reuters

 

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Through its subsidiary Aena Desarrollo Internacional, Aena has been awarded the concession for the Northeast Brazil airport group of six airports.

The concession is for 30 years, with the possibility of a further five. The airports included are: Juazeiro do Norte – Orlando Bezerra de Menezes; Recife/Guararapes – Gilberto Freyre; Joao Pessoa – Presidente Castro Pinto; Campina Grande – Presidente Joao Suassuna; Aracaju – Santa Maria; and Maceió – Zumbi dos Palmares.

 

By Tara Craig via Passenger Terminal Today

 

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Mairton Garbelotti is taking a gamble.

Like many Brazilians, the 67-year-old pensioner from São Paulo has grown accustomed to high interest rates, which for decades fed through to double-digit returns in money-market investments backed by Treasury bills. But those high yields have evaporated with cut after cut to the country’s benchmark interest rate. In response, Mr Garbelotti has joined a new army of investors who are turning to riskier assets in search of higher returns.

 

By Jonathan Wheatley and Andres Schipani via Financial Times

 

Read full article here

Brazil is poised to give its central bank independence from political control in a move spearheaded by the bank’s US-educated president Roberto Campos Neto to shore up its reputation with international investors. Legislation to implement the change was pushed through Congress’s committee stages last week and is expected to face a full parliamentary vote in the coming weeks.

 

By Bryan Harris via Financial Times

 

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WhatsApp has chosen Brazil to launch its first major brand advertising campaign.

The Facebook-owned messaging service has published a seven-minute film showing people communicating via WhatsApp as a fire breaks out ahead of Carnival celebrations. Users are seen sending messages to organize costume donations for a rival’s dance school whose warehouse burns down, and the ad ends with “Rivals in public. Friends in private,” with WhatsApp’s logo, and “From Facebook,” underneath.

 

By Lucy Handley via CNBC

 

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PORTO FELIZ, Brazil (Reuters) – Beside the green pastures and sugarcane plantations surrounding the farming town of Porto Feliz is the strange sight of hundreds of blue, silicon panes turned towards the sun.

This solar farm, about 150 km (93.2 miles) from Sao Paulo, produces electricity for around 40 homes and small businesses like restaurants and gyms.

 

By Luciano Costa via Reuters

 

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Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins on Wednesday.

Slated for launch on Nov. 10, 2020, PIX is aimed to speed up and reduce the costs of fiat transfers between individuals and businesses.

 

By Daniel Palmer via CoinDesk

 

Read full article here

SAO PAULO, Feb 19 (Reuters) – Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday.

Natural gas production increased 22% over January 2019 to 138.7 million cubic meters per day on average last month, also a record. The deepwater, pre-salt field known as Lula accounted for a third of all oil production in Brazil, reaching 1.05 million bpd of crude on average in January, ANP said.

 

By Marcelo Teixeira via Reuters

 

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(Bloomberg) — Amaggi, the Brazilian soybean group owned by entrepreneur-turned-politician Blairo Maggi, is in advanced talks to buy the local unit of Argentina’s El Tejar to capitalize on increasing crop demand from China, people with knowledge of the matter said.

The proposed acquisition of O Telhar encompasses all assets in Brazil, including about 70,000 hectares (173,000 acres) of farming land, cotton mills, warehouses and machinery, one of the people said, asking to not be identified as talks are private. Amaggi declined to comment, while El Tejar representatives in Brazil didn’t immediately respond.

By Fabiana Batista and Tatiana Freitas via Yahoo Finance

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There will be a new airline in Brazil by 2021. The bus company Itapemirim Group received $500 million USD to set up, among other initiatives, a new airline in the country, said local newspaper Folha de Sao Paulo.

Sidnei Piva, Itapemirim president said that one of Abu Dhabi’s sovereign wealth funds provided with the $500 million USD to start up a new airline. The current name for this carrier is Ita, according to AirlineGeeks.

 

By Daniel Martínez Garbuno via Simple Flying

 

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The InspIR Group is an investor relations and corporate communications firm that enhances the value of companies operating in dynamic environments. They are expert translators between private companies, investor and issuers and the markets. Their team members bridge companies and cultures to the global financial community, drawing on deep financial, operating, sell-side and journalism experience to advise some of the most prominent companies across geographies.

Their services are IPO Advisory, Investor Relations, Investor Access, Workshops & Coaching, Perception Research and Public Relations.

Learn more.

Brazilian telecoms regulator Anatel has launched a public consultation to discuss the rules of what could be the world’s largest single auction for fifth-generation (5G) spectrum later this year.

The consultation will last for 45 days and will set the specific details of the auction. A draft version of the rules had been approved by Anatel’s board earlier this month.

 

By Angelica Mari via ZD Net

 

Read full article here

The smart home devices segment will be one of the highlights of the consumer technology market in Brazil this year, according to analyst firm IDC.

With new devices on offer as well as new features such as the ability to understand commands in Brazilian Portuguese, the analyst firm estimates an increase of 50% in units sold and a boost of over 40% in revenue.

 

By Angelica Mari via ZD Net

 

Read full article here

Chambers Global 2020 edition consolidates Mattos Filho’s outstanding position among elite firms in Brazil. Once again, the firm had the largest number of Band 1 professionals, in addition to maintaining the leadership in Band 1 practice areas and individual recognition of partners.

Among the novelties of this edition, there were seven new categories of recognition for professionals in the following categories: Capital Markets; Compliance; Dispute resolution: Arbitration; Corporate/M&A; Litigation; Oil & Gas and Projects.

Chambers Global is one of the most notable publications in the international legal market and annually brings together law firms and lawyers with excellence in more than 190 countries. In preparation for the ranking, the guide carries out interviews with clients, in house lawyers, and international offices, in addition to using information from other publications of the institution.

We thank the market for the trust as we continue to serve our clients with excellence. Click here and check more details about our performance in the ranking.

The grain harvest survey results impacted favorably on Agricultural Production Value (VBP) this year, estimated at R $ 674.10 billion, and represents a real increase of 6.7% compared to 2019, says the Ministry of Agriculture, Livestock and Supply (MAPA). The expected growth rates are 6.4% for crops and 7.3% for livestock.

Yields of information released this week by Conab (National Supply Company) and the IBGE (Brazilian Institute of Geography and Statistics) indicate favorable performance for the grain harvest. To date, there has been no weather problems in major producing regions and forecasts of a crop of 251 million tonnes according to the Conab, and 246.7 million tons, according IBGE survey. These figures are records for the Brazilian grain production.

 

Via DATAGRO

 

Read full article here

Brazil’s largest for-profit education company raised about 2.56 billion reais ($590 million) in a sale of the firm’s shares, a move to cut debt and pave the way for new acquisitions.

Cogna, formerly known as Kroton, offered a total of 232.4 million shares, including an additional allotment, with stock priced at 11 reais each, the company said in a regulatory filing Wednesday, confirming an earlier report by Bloomberg.

 

By Vinicius Andrade and Rachel Gamarski via Bloomberg

 

Read full article here

RIO DE JANEIRO, Feb. 12 (Xinhua) — Retail sales in Brazil were up 1.8 percent in 2019 compared with 2018, the Brazilian Institute of Geography and Statistics (IBGE) announced on Wednesday.

According to the IBGE, only one out of the nine sectors analyzed by the agency registered decrease in sales volume — books, newspapers and stationary products, whose sales were down 20.7 percent in 2019.

 

Via Xinhua Net

 

Read full article here

Is it time to buy the dip in Brazil? Local assets have been tanking. The currency has dropped 7 per cent this year to a record low. São Paulo stocks have slumped by a similar degree.

Investors were spooked last week when December’s industrial production data disappointed. The nervous mood certainly has not been helped by the coronavirus outbreak. Brazil is far from the centre of that storm but its large commodities exports and relatively liquid markets make it an easy target when jitters hit.

 

By Jonathan Wheatley via Financial Times

 

Read full article here

BRASILIA, Feb 11 (Reuters) – The economic and financial impact of Brazil’s recent interest rate cuts may be greater than in previous periods, minutes of the central bank’s last policy meeting showed on Tuesday, thereby justifying a pause in its unprecedented easing cycle.

On balance, the minutes showed policymakers believe there may be less slack in the economy than previously thought, and that more flexible credit and capital markets have magnified the power of monetary policy.

 

By Jamie McGeever via Reuters

 

Read full article here

The Brazilian government has defined timescales for the sale of its technology companies to private sector buyers.

According to the goals announced by the team in charge of the government’s privatization initiatives, Dataprev and Serpro, companies accountable for the development, maintenance, and operations of thousands of government systems, will be sold by June 2021.

 

By Angelica Mari via ZD Net

 

Read full article here

GUELPH, OntarioFeb. 10, 2020 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced it has secured 225.2 million Brazilian reais (US$ 55 million) non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Lavras solar power projects. Since the beginning of 2019, Canadian Solar has secured BRL 1,007 million (US$ 247 million) solar project financing with BNB.

The 152.4 MWp Lavras project will be funded over 21 years across the construction and operation phases of the projects. The inflation-linked debt tied to the National Consumer Price Index (IPCA) will provide improved capital and resource alignment with the Brazilian economy.

Via Yahoo Finance

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In only one-year Brazil President Jair Bolsonaro has been able to revert 13 years of socialist policies which were implemented by the previous leftist presidents Lula and Dilma. His accomplishments include passing important free-market reforms such as the pension reform and different de-regulation laws, such as the reduction of the number of Ministries from 29 to 22, and the privatization of logistics networks from roads to airports. Thanks to the approval of the anti-crime package crime rates have dropped by 22%. Also, 2019 was the best year for employment since 2013, with almost one million jobs created.

 

By Lorenzo Montanari via Forbes

 

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The president of the Confederation of Agriculture and Livestock of Brazil (CNA), João Martins, discussed the construction of a positive agenda for the carriage of cargo with the National Secretary of the Ministry of Land Infrastructure Transport, Marcello da Costa Vieira.

The Confederation has presented proposals for the sector in order to facilitate the flow of agricultural production. “For us the dialogue with the government is important to work to find solutions for road transport is vital for agriculture,” Martins said. “It is the quality of the production flow that will make the country the largest exporter of food in the world.”

 

Via DATAGRO

 

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(Bloomberg) — The Brazilian state development bank unloaded its voting stake in oil giant Petroleo Brasileiro SA, raking in 22 billion reais ($5.2 billion) as part of a wave of asset sales aimed at reversing years of growing government influence in Latin America’s biggest economy.

BNDES, as the bank is known, sold all 734 million shares, including over-allotments, for 30 reais apiece late Wednesday, the company said in a regulatory filing. That’s a discount of less than 2% to the closing price, an indication that demand held up well in the face of sinking crude prices. Shares rose more than 1% in early trading Thursday to top the offering price.

By Cristiane Lucchesi,  Vinicius Andrade and Sabrina Valle via Yahoo Finance

Read full article here

Brazil’s central bank intends to hold interest rates going forward to consider the impact of the record-breaking monetary easing cycle it concluded on Wednesday with a quarter-point cut.

The bank’s board, led by its President Roberto Campos Neto, lowered the Selic rate to 4.25%, as forecast by 35 of 45 economists in a Bloomberg survey. The remaining analysts expected borrowing costs to stay at 4.5%.

By Mario Sergio Lima via Yahoo Finance

Read full article here

Part of a continuing series on how Latin America can overcome a decade of slow economic growth. 

Economic analysts, myself included, once thought that Brazil could reach a per capita income equal to Spain or Portugal by the early 2020s. Instead, the 2010s seem destined to go down as a lost decade for Brazil in many of the ways that matter most: productivity, living standards, health, education, and fairness.

 

By Thomas J. Trebat

 

Read full article here

A newcomer in Brazil’s booming hedge fund industry says the country’s interest rate cuts will have to run much deeper than most investors expect, defying calls that the easing cycle is close to an end.

Persevera Asset Management, a firm created by former executives at HSBC Holdings Plc in Brazil, expects Latin America’s largest economy to once again grow less than forecast. That will force the central bank to cut the key rate from the current 4.5% to as low as 3% this year.

 

By Vinicius Andrade and Felipe Marques via Bloomberg

 

Read full article here

During a brief visit to Rio de Janeiro, taking in Sugar Loaf mountain, Copacabana and Ipanema beaches, and dutifully drinking cool caipirinhas, my heart was really elsewhere – 1,200km inland to Brasília in the central plateau to be precise. It wasn’t sand, samba and rainforests I was after, but clean modernist lines and reinforced concrete laid out on the Cerrado (the country’s vast tropical savannah).

 

By Chris Hall via The Guardian

 

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American Airlines is teaming up with Brazil’s largest airline, GOL Airlines, in a new agreement allowing American to market GOL flights to its passengers and vice versa.

The codeshare partnership will allow American to connect its passengers on GOL flights to places outside the reach of its direct flights from Miami to Brasilia, Sao Paulo, Manaus and Rio de Janeiro. To prepare for the deal, American is adding 12 more daily flights from Miami International Airport to six cities across the U.S. this summer and a second daily flight from MIA to Rio de Janeiro next winter.

 

By Taylor Dolven via Miami Herald

 

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Program Fee:
Free for Members | $15 for Nonmembers

Description:  
While geographically distant, Brazil, Japan and the United States are economically tight-knit countries with important, longstanding ties that bind them together. Nowhere are these connections more readily apparent than in the corporate and antitrust space.  The panel will provide an overview of how companies from the three jurisdictions deal with antitrust regulators in one of the other countries. The panelists will also discuss the role of New York law in corporate transactions involving the three countries. Finally, the panel will also discuss potential opportunities for investors in Brazil, Japan and the U.S. and how to navigate risks and other strategic considerations.

Intro Speaker:
John Welch,
Brazilian-American Chamber of Commerce

Moderator:
Jeff Amato, Winston & Strawn

Panelists: 
Yukio Kaiju, TMI Associates
Amadeu Ribeiro
, Mattos Filho
Thales Saito, Machado Meyer
Masaru Umeda, Nishimura & Asahi NY LLP
Harumi Urata-Thompson, HUT Consulting LLC

Sponsoring Association Committee:
Asian Affairs Committee, Jian Wu, Chair
Inter-American Affairs Committee, Michael A. Fernandez, Chair

Co-Sponsoring Association Committee:
Project Finance Committee, Ricardo S. Martinez, Chair
Antitrust & Trade Regulation Committee, Fred Taylor Isquith, Chair

Co-Sponsoring Organizations:

Columbia Law School Brazilian Association
Inter-American Bar Association New York Chapter

 

Where
New York City Bar Association
42 West 44th St
New York, NY 1003
UNITED STATES

RIO DE JANEIRO, Feb 2 (Reuters) – The U.S. government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy said on Sunday, after the South American nation’s attempt to sell tens of billions of dollars of production rights to private firms last year largely flopped.

In November, Brazil, a staunch U.S. ally under far-right President Jair Bolsonaro, tried to sell the rights to four offshore oil producing zones in a process that could have fetched some 106.5 billion reais ($25.5 billion) for the government.

 

By Gram Slattery via Reuters

 

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BRASILIA (Reuters) – The number of Americans booking flights to Brazil has jumped 39% since the government of President Jair Bolsonaro waived a visa requirement for U.S. citizens in June, according to its official tourism agency, which is devising plans to draw more.

BRASILIA (Reuters) – The number of Americans booking flights to Brazil has jumped 39% since the government of President Jair Bolsonaro waived a visa requirement for U.S. citizens in June, according to its official tourism agency, which is devising plans to draw more.

 

By Anthony Boadle via Reuters

 

Read full article here

First there is the tech itself. And while tech in finance is admittedly not a new addition to the beat, the pace of expansion has become to feel a little intense.

It’s not just that innovation is coming in faster waves or that it’s increasingly complex, it’s that technology is now actually changing business strategy. It is creating brand new ecosystems, rather than just giving a productivity jolt to existing financial segments.

By Rob Dwyer via Euromoney

 

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Responsável pela inovação e liderança do Magazine Luiza, a empresária Luiza Helena Trajano, 68 anos, vem abrindo portas para as mulheres há muito tempo. Recentemente, foi a segunda brasileira escolhida para receber o prêmio “Person of the Year”, criado há 50 anos pela Câmara de Comércio Brasil-EUA.

Em entrevista à FORBES, Luiza comentou alguns fatores que, na sua opinião, foram importantes para que conseguisse chegar a tal posição e como a utiliza para ajudar outras mulheres que estão no mundo dos negócios.

 

By Daniel Veloso via Forbes Brasil

 

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BRASILIA (Reuters) – Brazil put Economy Minister Paulo Guedes in charge of its drive to find investors to buy state assets, a presidential decree said on Friday, a day after the program’s deputy head was fired due to a controversy over improper use of an Air Force jet.

The move extends the broad authority Guedes already has over economic policy and he has said the government needs to speed up privatization of all state companies to help reduce its budget deficit and spur growth.

 

By Marcela Ayres via Reuters

 

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A 36-year-old, Mandarin-speaking trade specialist is Brazil’s newest bet to boost food exports to China just as the Latin American country fights with the U.S. for a bigger share of the world’s largest commodities market.

Larissa Wachholz, who holds a masters degree from the Renmin University of China, was tapped in December by the Brazilian agriculture ministry to lead a trade unit dedicated to the Asian country, the first of its kind in Brazil. Her mission is to diversify Brazilian exports to its top trading partner beyond soybeans and beef, as part of a strategy to smooth out the ups and downs in trade flows between the countries.

By Samy Adghirni and Simone Iglesias via Yahoo Finance

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OSLO, Jan 30 (Reuters) – Norway’s Equinor and partners ExxonMobil and Petrogal Brasil have awarded engineering contracts for a planned Brazilian oilfield development, the Norwegian operator of the project said on Thursday.

A design contract for a floating oil production and storage vessel (FPSO) was awarded to Japan’s Modec Inc, while seabed systems (SURF) will be planned by the Subsea Integration Alliance, formed by Subsea 7 and OneSubsea.

 

By Terje Solsvik via Reuters

 

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RIO DE JANEIRO, Jan. 28 (Xinhua) — Confidence in the Brazilian construction sector rose in January to a five-year record, Brazilian think tank Getulio Vargas Foundation (FGV) announced on Tuesday.

According to the FGV, the confidence indicator of the construction sector rose from 89.9 points in December to 91.9 points in January, the highest since May 2014.

 

By Xinhua Net

 

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SAO PAULO, Jan 28 (Reuters) – Canada’s Brookfield Asset Management Inc has received the go-ahead from Brazilian antitrust regulator Cade for certain solar energy projects in the country’s northeast, according to a decision published in the government’s official gazette on Tuesday.

The solar power plants, to be built in the state of Ceará, will have total capacity to produce 278 MW of electricity, according to a description of the projects in Cade’s decision.

 

By Ana Mano via Reuters

 

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BRASILIA (Reuters) – Brazil’s government is changing the rules to give foreign companies an equal shot at winning government contracts, the Economy Ministry said on Monday.

Economy Minister Paulo Guedes has pledged to fight corruption and open up one of the world’s most protected countries to foreign business and the overseas investment necessary to modernize Brazil’s crumbling infrastructure.

 

By Marcela Ayres via Reuters

 

Read full article here

The mobile network experience has seen “notable improvements” in Brazil, particularly in 4G metrics such as video and voice consumption, according to a new report.

The Mobile Network Experience Report by mobile analytics firm Opensignal has found that the introduction of 4G on the 700 MHz spectrum band in Brazil is having a big impact in the last six months, with users on networks that have implemented it spending more time on 4G and enjoying faster average download speeds.

 

By Angelica Mari via ZD Net

 

Read full article here

(Reuters) – India and Brazil have signed 15 accords aimed at forging closer ties between the two emerging market giants across a range of sectors, especially defense, both countries’ leaders tweeted on Saturday.

Indian Prime Minister Narendra Modi and Brazilian President Jair Bolsonaro took to social media to hail the closer cooperation and agreements struck during Bolsonaro’s official visit to India.

 

By Ismail Shakil and Jamie McGeever via Reuters

 

Read full article here

BRASILIA (Reuters) – The Brazilian government’s interest payment bill on the national debt could fall by 417 billion reais ($100 billion) over the course of its four-year term ending in 2022, by which time the primary budget deficit could also be completely eliminated, a senior Economy Ministry official said on Thursday.

The fall to a record low 4.5% in the central bank’s benchmark interest rate since the middle of last year accounts for the interest savings, and the public finances could be even stronger if economic reforms accelerate growth further, said Waldery Rodrigues, special secretary to the Economy Ministry.

 

By Marcela Ayres via KFGO

 

Read full article here

The Brazilian Securities and Exchange Commission (CVM) has announced the launch of a new regulatory sandbox containing specific guidelines for cryptocurrency and digital token issuance.

The news comes after the country’s regulator stated at the end of last year that the implementation of blockchain technology is a top priority for 2020.

By Pedro Febrero via Yahoo Finance

Read full article here

With the help of federal enterprises privatization program, Brazil rose from sixth to fourth place among the leading foreign investment destinations in the world in 2019, informs the “Agency Brazil.” According to a report released on Monday (20) by the United Nations Conference on Trade and Development (Unctad), Brazil received US $ 75 billion in foreign investment last year, up from $ 60 billion in 2018.

The first three places in the ranking investment destination were with the United States, with US $ 251 billion last year; China, with US $ 140 billion and Singapore with US $ 110 billion. The $ 75 billion that arrived in Brazil amount to more than half of the $ 119 billion that South America received last year.

 

Via DATAGRO

 

Read full article here

SÃO PAULO, Brazil, Jan. 16, 2020 (GLOBE NEWSWIRE) — Enterprises in Brazil are moving toward fully automating their digital workplaces, and are looking for vendors to help them empower workers through self-support, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2019-2020 ISG Provider LensDigital Workplace of the Future Report for Brazil finds enterprises in Brazil focusing on improving worker experience with workplace tools. Enterprises are embracing automation, but they also want to improve user productivity by enabling better collaboration and discovering new ways of working.

Via Yahoo Finance

Read full article here

MEDIA CONTACT
Natalie Villanueva, Marketing / PR Manager
954.333.4308   |   natalie.villanueva@gmlaw.com

 

GREENSPOON MARDER PROMOTES SIX ATTORNEYS TO PARTNER IN 2020

 

Fort Lauderdale, FL – January 13, 2019 – Greenspoon Marder is pleased to announce the promotion of six attorneys to partner from various offices firm wide. The individuals recognized for their professional accomplishments and outstanding client service include: Marcela Bermudez, Matthew Ginder, Adam D. Kemper, Ron Lebow, Phillip Silvestri and Lawren A. Zann.

 

“Each of these new partners have reached this stage of success due to their hard work, ongoing dedication to our firm and legal skills,” said co-managing director, Michael Marder. “We are proud to call them partners, and know that this group of attorneys exemplify the type of quality and high professional standards that we hold here at Greenspoon Marder,” said co-managing director, Gerald Greenspoon.

 

Ms. Bermudez is a member of the firm’s Immigration & Naturalization practice group. She focuses her practice on business immigration. Ms. Bermudez advises and represents a diverse group of clients, including banks, global financial service companies, technology companies, and business and corporations of all sizes in the hiring, transfer and retention of foreign nationals. She also represents individuals, including artists, researchers, professors and scientists. Ms. Bermudez has a broad client base servicing LATAM with its evolving economic and immigration concerns. Ms. Bermudez is a frequent speaker on immigration issues at national and local conferences. She has been published and quoted in a variety of publications including Cannabis Business Times, SHRM Magazine and Bloomberg Law Daily Labor Report. She serves on the Tri-State Diversity Council’s New York Advisory Board and Greenspoon Marder’s Diversity Council. She received her J.D. from Yeshiva University Benjamin N. Cardozo School of Law in 2000.

 

Mr. Ginder is a member of the firm’s Cannabis Law practice group. He represents various cannabis and hemp related businesses where he assists in many areas of the industry, including licensing, regulatory and compliance, and business transactions. Mr. Ginder is regularly quoted in a variety of publications including Marijuana Business Daily, SFBJ, Miami Herald and Sun Sentinel to name a few. Additionally, he is a frequent speaker on a variety of cannabis issues. Mr. Ginder is ranked among Chambers & Partners in the “Cannabis Law: Corporate/Transactional” category in 2019. In 2018, he was named one of the “30 Most Powerful Cannabis Attorneys” by mg Magazine. He received his J.D. from Nova Southeastern University Shepard Broad Law Center in 2009.

 

Mr. Kemper is a member of the firm’s Labor & Employment practice group. Mr. Kemper has extensive experience advising companies on workplace compliance and also litigating employment-related disputes on behalf of both employees and companies. Mr. Kemper also does extensive writing, public speaking and training on relevant labor and employment topics. He has been published and quoted in a variety of publications including Law360, Daily Business Review, South Florida Business Journal, Miami New Times, HR Magazine, South Florida Business & Wealth, Cannabis News Florida, DecentraNet Market Report, among several others. He has also been recognized by South Florida Legal Guide as a “Top Up & Comer” in 2020 and by Super Lawyers magazine as a “Florida Rising Star” from 2017-2020. Mr. Kemper received his J.D. from the Florida International University College of Law in 2010.

 

Mr. Lebow is a member of the firm’s Health Law practice group. He focuses his practice on business, contract, corporate and regulatory matters. Mr. Lebow has extensive experience drafting and negotiating agreements and structuring operations and business arrangements for a variety of medical providers. He was recognized by the National Law Journal as a “Health Law Trailblazer” in 2019. Mr. Lebow received his J.D. from Brooklyn Law School in 2001.

 

Mr. Silvestri is a member of the firm’s Litigation and Cannabis practice groups. His practice focuses on defending highly regulated businesses in state and federal courts. Mr. Silvestri primarily represents businesses in the cannabis, timeshare, and banking/finance industries. In addition to litigation, Mr. Silvestri has extensive mediation experience both as an advocate and neutral. He has been recognized by Super Lawyers magazine as a “Rising Star” from 2012-2019. Mr. Silvestri received his J.D. from Wake Forest University in 2008.

 

Mr. Zann is a member of the firm’s Litigation practice group. He concentrates his practice in the areas of commercial litigation and complex class action litigation. Mr. Zann has extensive trial experience and has defended companies facing complex class actions in state and federal courts covering a broad range of industries throughout the country. He received his J.D. from the University of Miami School of Law in 2007.

 

About Greenspoon Marder

Greenspoon Marder is a national full-service business law firm with 240 attorneys and 26 locations across the United States. We are ranked amongst American Lawyer’s Am Law 200, as one of the top law firms in the U.S. since 2015. Since our inception in 1981, our firm has been committed to providing excellent client service through our cross-disciplinary, client-team approach. Our mission is to understand the challenges that our clients face, build collaborative relationships, and craft creative solutions designed and executed with long-term strategic goals in mind. We serve Fortune 500, middle-market public and private companies, start-ups, emerging businesses, individuals and entrepreneurs nationwide. For more information, visit www.gmlaw.com.

Brazil has inaugurated a new US$100 million Antarctic base, built by Chinese company CEIEC to replace a research station destroyed by fire almost seven years ago.

“Brazil is back in the Antarctic with great force,” Science and Technology Minister Marcos Pontes, Brazil’s only astronaut, wrote in a Twitter message from the Comandante Ferraz base on King George Island off the Antarctic peninsula.

Via South China Morning Post

Read full article here

BRASILIA (Reuters) – The United States’ change of stance to support Brazil’s bid to join the Organization for Economic Cooperation and Development (OECD) ahead of Argentina was welcomed by the Brazilian government on Tuesday.

The U.S. government’s plans, after having previously said they wanted Argentina to be next in line to join the rich nations’ club, are a win for far-right President Jair Bolsonaro, a longtime admirer of U.S. President Donald Trump who has sought closer ties with Washington since taking office last year.

 

By Anthony Boadle via Reuters

 

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Gross Agricultural Production Value (VBP) ended 2019 with R $ 630.9 billion, 2.6% higher than the previous year. The amount is a record for the series, which began in 1989, surpassing the VBP 2017 (R $ 627.1 billion). Last year, the crops have generated a value of R $ 411.1 billion and livestock, R $ 219.8 billion, reports “Ministry of Agriculture”.

According to the technical note of the Department of Finance and Information, of the Agricultural Policy Department of the Ministry of Agriculture, Livestock and Supply (MAPA), the year was marked by the “extraordinary growth in corn sales and also exceptional performance of livestock, with real increase of 9%. the crops were reduced by 0.5%. ”

 

Via DATAGRO

 

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The year 2019 was quite good for the Brazilian auto industry although it could have been better.

Last month, for example, daily average sales were the best in six years, topping 13,173 registrations. This resulted in industry and dealer stocks of 33 days in December 2019, down from 38 days in November, slightly below the 35 considered normal.

 

By Fernando Calmon via Just Auto

 

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Brazil’s government has big plans for AI, despite having come late to the party. In Oxford Insights’ AI Readiness Index 2019, Brazil was ranked 40 out of 192 countries, a sign that the South American powerhouse is moving up in the AI world. The report looks at how ready countries are to take advantage of the AI technologies PwC forecasts will add $15 trillion to the global economy by 2030.

The 2019 report also cautions that the “Global South could be left behind by the so-called fourth industrial revolution.” But even as some of the planet’s richest nations, including Canada, China, Germany, Japan, Singapore, and the U.S, have become recognized AI innovation hubs, according to studies by Deloitte and others, South America — led by Brazil — is rapidly emerging as a leader in AI-enabled businesses.

 

By Bruno Henriques via Venture Beat

 

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The emergence of big techs is likely in Brazil this year as investment floods into the Southern Hemisphere’s largest economy, prompting a major shake-up for leading businesses scrambling to reinvent themselves.

This is the prediction of Fabricio Bloisi, founder of São Paulo-based Movile, a conglomerate that includes delivery app iFood, which has UK food delivery firm JustEat as one of its investors. Movile is part of the select club of Brazilian unicorns, which has 11 companies to date – a number that, according to Bloisi, will substantially increase in the months to come.

 

By Angelica Mari via Forbes

 

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As of June 17, 2019, Americans no longer need a tourist visa to enter Brazil (nor do Canadians, Australians or Japanese), eliminating a longstanding hurdle that kept many casual travelers from visiting South America’s largest nation. It’s now easier than ever to visit Rio de Janeiro and São Paulo, Brazil’s two largest cities, where you’ll find lush parks and gardens, mammoth murals, enviable beaches, futuristic museums and near-endless shopping, but whatever may be on your agenda for your Brazilian break, the best food and drinks are sure to be high on your list. You’ll certainly want to try Globos, the puffed cassava starch snack found in both salty and sweet varieties all over Rio, and pão de queijo, the cheesy bread puffs served as a snack or with meals everywhere, but you’ll stumble across these favorites without even trying. To guide you toward more refined culinary experiences with locally immersive hotel stays in this freshly accessibly country, check out what Marriott has to offer in both Rio de Janeiro and Sao Paulo.

 

By Brandon Schultz via Forbes

 

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BRASILIA, Dec 19 (Reuters) – Brazil added 99,232 payroll jobs in November, the best expansion in employment for the month since 2010, the Economy Ministry said on Thursday, as a gradual economic recovery brings improvement in the labor market.

The result was well above expectations, and more than double the forecast 47,500 new jobs in a Reuters poll of economists.

 

Via Reuters

 

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BRASILIA (Reuters) – Brazil’s Economy Minister Paulo Guedes said on Wednesday he had reached agreement with Congressional leaders on modernizing the country’s complex tax system next year and one option could be taxing on-line transactions.

Brazil has brought its snowballing public debt under control with reform of the costly pension system and spending cuts, he said, while interest rates are at record lows after the central bank cut its benchmark Selic rate to 4.50% on Dec. 11.

 

By Marcela Ayres and Anthony Boadle via Reuters

 

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SAO PAULO (Reuters) – Brazilian and Chinese government authorities are finalizing a protocol setting health standards for domestic processors to export soymeal to the Asian country, André Nassar, president of oilseeds industry group Abiove, said on Monday.

The health guidelines will allow companies to export and eventually compete with soy processors based in China, something they cannot do now. The change is happening as local processors are required to increase crushing to produce more biodiesel to boost local blending. The added output of soymeal, a byproduct, would need new buyers.

 

By Ana Mano via Reuters

 

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BRASILIA, Dec 17 (Reuters) – A Brazilian congressional committee on Tuesday approved the government’s budget for next year, with the bill based on projected 2.32% GDP growth in 2020 to be put to a vote in a joint session of Congress on Wednesday.

The budget proposal would raise the minimum wage earned by Brazilian workers to 1,031 reais ($246) a month from 998 reais ($238).

 

By Maria Carolina Marcello via Reuters

 

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The Minister of Infrastructure, Tarcisio Gomes de Freitas, said on Friday (13) that the government plans to hold auctions 40 to 44 infrastructure assets next year, reports the “Agency Brazil.” The expectation is that the granting of port projects, airports, roads and railways reach R $ 101 billion in investments during the period of the contracts.

Among the projects is the concession to the private initiative of 22 airports (divided into three blocks), seven roads, nine port terminals, two railways and the early renewal of four railway contracts loads. During conference on the afternoon of Friday, the Minister took stock of the folder shares in 2019. In total, they sold 27 assets, which should result in R $ 9.4 billion in investments and R $ 5.9 billion in grants .

 

Via DATAGRO

 

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Indicator that measures the distrust of investors in a particular economy, country risk fell on Monday (16) to the lowest level in nine years, reports the “Agency Brazil.” The Credit Default Swap (CDS) of five years in Brazil was 100.2 points at around 17h, but came to hit 98.2 points around 14h, the lowest score since November 2010 (96.9 points ), when the country was still investment grade – good paying stamp.

The CDS functions as an informal barometer of the probability of a country defaulting on global financial markets next five years. The lower the index, the greater the confidence of international investors.

 

Via DATAGRO

 

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Contxto – As far as reach goes, Amazon is certainly spreading its wings throughout Latin America. Proving this, the e-commerce goliath recently launched a new distribution center in the northeastern state of Pernambuco.

To expedite delivery in northeastern Brazil, this new location in Cabo de Santo Agostinho will permit deliveries in under two days to nearby state capitals. These include Recife in Pernambuco, João Pessoa in Paraíba, Natal in Rio Grande do Norte, Maceió in Alagoas, and Fortaleza in Ceará.

 

By Jacob Atkins via Contxto

 

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RIO DE JANEIRO, Dec. 13 (Xinhua) — A consortium of state-owned Chinese companies on Friday was awarded the contract to build and operate what will be the second-longest bridge in Brazil.

Under the project, a bridge will be built spanning the famed Bay of All Saints, which connects Salvador, capital of the northeastern Bahia state, with Itaparica Island. The project also involves the construction of related roads.

 

Via Xinhua Net

 

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BRASILIA (Reuters) – Services sector activity in Brazil expanded in October far more than economists had expected, figures on Thursday showed, indicating that overall growth in Latin America’s largest economy continued to accelerate going into the year end.

The figures appear to back up the central bank’s statement on Wednesday accompanying its decision to cut interest rates to a new low of 4.50% that “economic activity since the second quarter indicates that the process of economic recovery picked up relative to the first quarter.”

 

By Jamie McGeever via KFGO

 

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Espoo, Finland – Nokia has signed a contract with telecommunications giant TIM to provide Internet of Things (IoT) services to its enterprise customers in Brazil. Using the fully virtualized Nokia Worldwide IoT Network Grid (WING) managed service offer, TIM and its enterprise customers across industries,such as automotive and agriculture, will be able to capture IoT opportunities faster and more securely.

The Brazilian market is the largest IoT market in Latin America, with widespread adoption of IoT technologies estimated to add USD 200 billion to the country’s economy by 2025. Nokia’s first WING deal in Latin America enables TIM to leverage new business models to tap this opportunity and generate additional revenue streams. Additionally, incremental services, such as device management and analytics, will help TIM extend SIM management capabilities to create value added opportunities.

Via Yahoo Finance

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Dec 11 (Reuters) – S&P Global Ratings on Wednesday revised the outlook on Brazil to positive from stable, citing the government’s continued implementation of measures to reduce its fiscal deficit.

“The approval of social security reform and expected progress on fiscal and growth measures, along with moderate growth driven by stronger domestic demand, could improve Brazil’s fiscal position over the medium term,” the agency said in a statement here

 

By Shivani Singh via Reuters

 

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SÃO PAULO–Brazil’s central bank cut its benchmark interest rate by a half point Wednesday, as inflation has remained below target amid increasing signs the economy is improving.

The bank cut the benchmark Selic rate to 4.5%, a record low that follows a series of reductions that brought it down from 14.25% in 2016. In its post-meeting statement, the bank was less clear about its next step than in previous statements, but indicated it’s open to continue cutting rates next year.

 

By Paulo Trevisani via Market Watch

 

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XP Inc., Brazil’s largest brokerage by equity-trading volume, raised $1.96 billion in its U.S. initial public offering, pricing its shares above the marketed range.

The company and its existing shareholders sold 72.5 million shares Tuesday for $27 each after offering them for $22 to $25, according to a statement. That gives XP a market value of about $14.9 billion based on the outstanding shares listed in its filings with U.S. Securities and Exchange Commission.

 

By Cristiane Lucchesi , Vinicius Andrade , Felipe Marques, and Crystal Tse via Bloomberg

 

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The Minister Tereza Cristina (Agriculture, Livestock and Supply) released on Monday (09) Innovation project in the Agricultural Production Chains for Forest Conservation in the Legal Amazon. The goal is to bring innovation to the productive chain of the beef, soy and wood to increase the productivity and value of products aligned with the sustainable use of natural resources and conservation of the Amazon rainforest.

The project will be implemented from 2020 to 2024 in five states: Amazonas, Mato Grosso, Pará, Rondônia and Tocantins.

 

Via DATAGRO

 

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Brazilian content marketing startup Rock Content has announced the purchase of US sector player ScribbleLive, creating one of the largest companies in the segment in the Americas.

The buyout, announced exclusively to Forbes, is the continuation of the company’s international expansion, which began in 2017 with the launch of operations in Mexico. With the addition of ScribbleLive (SL), which has offices in Boca Ratón and Toronto, the enlarged Rock organization will boost its 400-strong workforce with about 100 employees. The two companies combined have a freelancer base of about 80,000 professionals.

 

By Angelica Maria via Forbes

 

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When David Vélez walked into a Brazilian bank branch to open an account six years ago, he was appalled by the experience.

First, he had to check his bag in a locker outside. Next, he waited to pass through a security line manned by three armed guards. He sat there for 45 minutes and finally spoke to someone, who acted like they were doing him a favor by deigning to talk about opening an account. Then, he was sent off to make a phone call to bank employees elsewhere and was later forced to return to the bank a half-dozen times over the next four months.
By Julianne Pepitone via CNN Business

Notably, the nine-year-old company said in a statement that the investment gives it a valuation of $1.3 billion. According to Brazil Journal, the round makes Wildlife Studio “Brazil’s most valuable tech company with the widest global reach.”

In addition to San Francisco-based Benchmark, participants in the round include Bessemer Venture Partners; Javier Olivan, VP of growth at Facebook; Ric Elias, co-founder and CEO of Red Ventures; Micky Malka, partner at Ribbit Capital; Divesh Makan, partner at ICONIQ Capital; and Hugo Barra, former VP of VR at Facebook.

 

By Mary Ann Azevedo via Crunch Base

 

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It didn’t take much for the founders of Cora, Brazil’s newest startup to tackle some aspect of the broken financial services industry in the country, to raise their first $10 million.

Igor Senra and Leo Mendes had worked together before — founding their first online payments company, MOIP, in 2005. That company sold to WireCard in 2016 and after three years the founders were able to strike out again.

 

By Jonathan Shieber via Tech Crunch

 

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This weekend a group of executives from XP Investimentos, a Brazilian financial services firm, will fly to New York to oversee the company’s initial public offering on the Nasdaq stock exchange, due to be priced on Tuesday.

They hope to raise $1.7bn in a sale that would value XP, which was founded 18 years ago by a newly unemployed 24-year-old, at about $14bn.

 

By Jonathan Wheatley, Bryan Harris and Andres Schipani via Financial Times

 

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Rebel, a Brazilian FinTech that offers unsecured credit to middle-class citizens in the country, has raised $10 million in new equity funding, according to a press release.

Last year, the company also raised $4 million from XP and other companies. Participants in this round include Monashees, 99, Loggi and FinTech Collective. The company said it has gotten more than $1 billion in loan requests since it started.

 

Via PYMNTS

 

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Investment in infrastructure in 2019 should reach R $ 131.7 billion, compared to R $ 122.8 billion in 2018, updated figures by the IPCA 2018 prices, point calculations of the Brazilian Association of Infrastructure and Basic Industries (Abdib). In 2017, investments totaled R $ 115.2 billion. In 2016, R $ 117.5 billion, the same criteria.

Already in 2020 the infrastructure sector, whose investments are at a level too low after significantly retreat in recent years, will contribute more positively to the recovery of the economy as a whole.

 

Via DATAGRO

 

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Two world leading experts in helping international companies open businesses and operate successfully in Brazil will be teaming up to give a fast-paced webinar about using the smartest strategies for success in Brazil.

The webinar will be led by Francisco Mendez with Globalization Partners and Bruno Drummond with Drummond Advisors.

Topics include:

  • Fastest way to hire a full-time employee
  • Employer of Record process explained
  • Speeding up receipt of your Federal Tax ID Number (CNPJ)
  • Dos and Don’ts of setting up your company in Brazil
  • Avoiding delays in your M&A agreement
  • Understanding Brazil Labor laws
  • Preparing Visa Applications
  • Transfer Pricing Calculations

Participants are encouraged to ask questions at any time during the webinar.
We look forward to a very lively dialogue about business in Brazil and hope you will join us.

Register Here

BP and Bunge announced on Monday (02) who completed the formation of BP Bunge Bioenergia, a joint venture combining their business bioenergy and ethanol sugarcane in Brazil.

The continued growth of biofuels will be a key enabler for the decarbonisation of the transport sector, say the companies. The Brazilian market is one of the largest and fastest growing low carbon biofuels to the world and, through this transaction, Bunge BP Bioenergy becomes the second largest operator in terms of effective grinding in the Brazilian ethanol market.

 

Via DATAGRO

 

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How to spend 4-6 kilos of meat per hectare per year for livestock productivity 20 to 30 kilos per ha / year? For the researcher Luiz Adriano Maia Cordeiro, EMBRAPA Cerrado, the answer is sustainable intensification of production systems. He said the technologies such as Integration Crop-Livestock-Forest (IAFP) Crop-Livestock Integration (ILP) and recovery of pastures are ways to promote this intensification with higher efficiency, lower pressure by opening and clearing of forest areas, increased production to improve the environment (water, soil, biodiversity, etc.) and an increase in productivity.

During the V Symposium IAFP the State of São Paulo, coordinated by Sudeste (São Carlos) and the Luiz Study Group de Queiroz (GELQ – ESALQ / USP), Lamb presented Embrapa’s research results with integrated production systems. In the experiments, after integration with crop and livestock (ILP), the meat productivity has increased five times.

 

Via DATAGRO

 

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SAO PAULO — Brazilian equities are expected to shine amid a fog of political and economic uncertainty in Latin America next year, outperforming regional peers due to record-low interest rates and a pending lineup of market-friendly economic reforms.

The latest Reuters quarterly poll shows Brazil’s benchmark Bovespa stock index extending this year’s rally to end 2020 at 130,000 points, according to the median of 18 forecasts from traders, brokers and economists.

 

Via Gabriela Mello via Financial Post

 

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November 26th, 2019 – About 20 Brazilian executives will soon test the U.S. Global Entry system according to a statement from Brazil’s President Jair Bolsonaro chief of staff.

This announcement on November 25, 2019, enables visitors from Brazil to stop at kiosks in certain airports in the USA to have their fingerprints scanned, fill out a customs declaration form, and easily enter the country, reported Reuters.

 

By Dani Reiter via Vax Before Travel

 

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OSLO (Reuters) – Norway’s Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a “hotspot” of its international efforts, the company’s exploration head said on Tuesday.

The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing on the North Sea, plus wells at the Johan Castberg and Wisting discoveries in the Barents Sea, Equinor’s Tim Dodson told Reuters.

 

By  Nerijus Adomaitis via Reuters

 

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Sugarcane production in Brazil could expand by more than 5 million hectares (19,305 square miles) by 2030 to meet demand for ethanol biofuels, according to a study published in the journal Energy Policy — with potential impacts on the nation’s carbon emissions and deforestation.

Biofuels are liquid fuels produced from crops, such as biodiesel produced from soybeans and ethanol made from fermented corn or sugarcane. They’ve been presented by advocates as a silver bullet for reducing global greenhouse gas emissions, but critics argue that the clearing of native vegetation to make way for biofuel plantations, and the carbon emissions associated with that land-use change, can exceed the emissions savings gained by avoiding fossil fuels.

 

By Claire Asher via Mongabay

 

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From JP Morgan Chase & Co. to UBS Group, big Wall Street banks reinforced their bullish bets for Brazilian stocks this week, suggesting a year-long rally has further to go.

They are recommending clients to be overweight in stocks from Latin America’s biggest economy, saying a pickup in growth next year and record-low interest rates set a Goldilocks scenario for equities. The rally that took the Ibovespa benchmark index to an all-time high this month is just the start, they say.

 

By Aline Oyamada and Vinicius Andrade via Bloomberg

 

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November 22 (Renewables Now) – Brazil’s growth in distributed generation from renewable resources—especially solar—has increased since it implemented net metering policies in 2012, the US Energy Information Administration (EIA) says in an overview. As of mid-November 2019, owners have installed more than 135,000 renewable distributed generation systems in Brazil, totalling about 1.72 GW of capacity, according to the Brazilian Electricity Regulatory Agency (ANEEL).

 

By EIA via Renewables Now

 

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BRASILIA, Nov 22 (Reuters) – Brazilian inflation fell to the second lowest level in more than two decades, according to a mid-month measure of consumer prices released on Friday, a figure likely to give the central bank extra cover to reduce interest rates again next month.

The annual rate of Brazil’s IPCA-15 consumer price inflation in the month to mid-November fell to 2.67% from 2.72% the month before, marking the lowest rate since September last year and the second lowest since March 1999.

 

By Jamie McGeever via Reuters

 

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China’s effort to fill a protein gap created by the spread of African swine fever is rippling through Brazil’s massive beef industry, pushing up prices and profits for both cattle ranchers and meatpackers.

While China has been increasing local poultry production and raising pork imports from several suppliers, Brazil is the only big beef exporter able to meet the Asian nation’s demand. Chinese importers are snapping up all types of cuts, inflating prices along the Brazilian chain from calves to animals ready for slaughter.

 

By Tatiana Freitas via Bloomberg

 

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The Gross Value of Agricultural Production (VBP) 2019 is estimated at R $ 609.5 billion, based on data for October. The value is 1.7% more than in 2018, which was R $ 599.4 billion. In estimating the crops reach R $ 399.9 billion and livestock, R $ 209.5 billion. The value of cattle was raised to 6.6%, while the crops were reduced by 0.7%.

Most of the products analyzed has shown good performance, according to the survey of the Agricultural Policy Department of the Ministry of Agriculture, Livestock and Supply. Among these, the main highlights are: herbaceous cotton (value of production increased by 17.5% compared to last year), peanuts (12.4%), bananas (18.7%), potatoes (101.4%) bean (56.4%), orange (4.5%), castor (37%), maize (23.8%) and tomato (10%). In some products, such as beans, potatoes and tomatoes English, prices were more important than the amount set for the result.

 

Via DATAGRO

 

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SoftBank has made plenty of headlines lately, but for all the wrong reasons (like the downfall of WeWork, its once-darling investment in the United States). In other regions, though, the Japanese investment firm is managing to quietly dole out its mega-bucks—minus the intense level of scrutiny that follows its fund or other investments.

The growing middle class and fast adoption of new technologies has made Latin America—and in particular countries like Brazil and Mexico—a prime target for SoftBank. The firm has already made bets on 10 different startups in the region, according to André Maciel, managing partner of the SoftBank Innovation Fund. The exec spoke at this week’s Fortune Global Forum in Paris, where he talked about the various reasons why this region is so attractive to SoftBank. (In total, SoftBank is committing $5 billion in investments in Latin America.)

 

By Michal Lev-Ram via Fortune

 

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HOUSTON — The government of Brazil is ready to move into the next phase of efforts to attract commercial launch business to the country with the ratification of an agreement with the United States.

Brazil’s Senate formally approved Nov. 12 a technology safeguards agreement that the country’s president, Jair Bolsonaro, signed in March during a visit to the United States that included a meeting with President Donald Trump. That agreement allows American spacecraft and launch vehicles to be exported to Brazil for launches there, ensuring compliance with export control and nonproliferation policies.

 

By Jeff Foust via Space News

 

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After decades shielded by closed economic policies, Brazil is changing its course on trade. President Jair Bolsonaro’s administration is slashing import tariffs on more than 2,300 products — reducing some to zero from as much as 20%.

For local businesses accustomed to protectionism, the policy change means being forced to adapt to the challenges of free trade. For American manufacturers, however, the world’s eighth-largest economy just became a new opportunity.

By Shelagh Dolan via ThomasNet

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The construction of a luxury tourism complex aimed at attracting foreign millionaires, where a bungalow will
cost between R$7.5 million and R$17.5 million, is expected to begin next year along 6.5 kilometers of beach in
Rio Grande do Norte state, in Brazil’s Northeast region.

The Eco Estrela venture, designed by Polish group Gremi in Baía Formosa, 100 km from state capital Natal, is
designed to compete with world-famous and environmentally sustainable destinations such as Porto Cervo, in
Sardinia (Italy), Sotogrande (Spain) and Mayakoba (Mexico). Hotels, resort facilities and luxury residential
units are planned.

Gremi group’s Polish businessman Grzegorz Hajdarowicz will do a roadshow in New York, London, Zurich,
Luxembourg, São Paulo and Lisbon between November 18 and December 15 to raise $100 million (R$417
million) with investors.

By Moreira Assis via Valor Internacional

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Brazilian consumers are increasingly looking to buy connected devices for personal use and for the home, according to research carried out by software firm Avast.

According to the study, 31% of consumers in Brazil are looking to get a smartwatch. More women want a smartwatch (33% versus 31% of the males surveyed). The wishlist of Brazilian consumers also includes Alexa or Google Home smart speakers (30%), smart lamps (29%) and smart thermostats (10%). The survey polled 609 people from March to May 2019.

 

By Angelica Mari via ZD Net

 

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The 270 million hectares of native vegetation preserved by rural landowners (Legal Reserves and unprotected areas) yield Brazil the equivalent of some U.S. $1.5 trillion per year in ecosystem services, such as crop pollination, pest control, water security, rain production and soil quality maintenance.

The calculation is part of a paper published in the journal Perspectives in Ecology and Conservation and endorsed by 407 scientist signatories, including 371 researchers affiliated with 79 Brazilian institutions.

 

By Maria Fernanda Ziegler via phys.org

 

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SAO PAULO — Economic activity in Brazil accelerated in September, closing the third quarter on the upswing and offering hope that the country’s long-struggling economy may be turning the corner.

The central bank’s IBC-Br economic activity index, a leading indicator of gross domestic product (GDP), rose 0.44% in September from August, well above 0.07% growth the month before.

 

By Jose de Castro via Financial Post

 

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Brazil and China signed today (13) agreements and memorandums of understanding in the areas of politics, economy, trade, agriculture, health inspection, transportation, health and culture. Chinese President Xi Jinping, is in Brasilia to attend the 11th meeting of BRICS Summit and met early on Wednesday with President Jair Bolsonaro, at the Itamaraty Palace, informs the “Agency Brazil.”

Speaking to press, Bolsonaro said the government and Brazilian businessmen want to expand and diversify trade with China. For the president, the acts signed give impetus to these relations. “This bilateral relationship in various areas, including the Chinese government’s nod on adding value what we produce, all this is very welcome,” he said.

 

Via DATAGRO

 

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Our NEW Member Murphy & McGonigle invites you to their event The Post Lava Jato World to Feature Leading Authorities Involved in the Enforcement Effort in Lava Jato. How corporates must adapt to the changing regulatory and compliance environment in LATAM

Tuesday,  November 19, 2019 – 9:00 am – 12:00 pm

1185 Avenue of the Americas, 3rd Floor

RSVP: mcurran@mmlawus.com / (212) 880-3989

Learn more: http://shorturl.at/lmXZ2

 

BRASILIA (Reuters) – Brazil’s government on Monday announced measures and legislative proposals to create up to 4 million jobs by 2022 and inject tens of billions of reais into the economy through loans and projected savings for private and state-run firms.

The proposals are aimed at generating jobs and growth in Latin America’s largest economy, which is on track to expand at a sluggish pace of around 1% for the third year in a row and boasts a stubbornly high unemployment rate of just under 12%.

 

By Marcela Ayres via Reuters

 

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The Minister of Agriculture, Livestock and Supply Cristina (PR) signed on Tuesday (12), Agrobit held in Londrina (PR), the project’s term sheet Coalition Soy 4.0, along with the Innovation director and technology Embrapa, Cleber Soares, the general head of Embrapa Soja José Renato Bouças Farias, the innovation Secretary MPLS, Fernando Camargo, the president of the Rural Parana Society, Antonio Sampaio and AgroValley manager – Londrina innovation cluster George Hiraiwa.

According to Farias, the project Coalition Soy 4.0, under the leadership of Embrapa Soja, aims to strengthen the innovation assets for the soybean crop. Embrapa Soja engaged in the development of technological solutions for the soybean crop in Brazil, bringing technical guidelines for production systems and seeking innovative solutions to the field.

 

Via DATAGRO

 

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Online fraud and identity theft is a global problem. In Brazil, in particular, it’s estimated that those types of crimes cost the country about $15 billion a year. In fact, Brazil is ranked second in the world in terms of the number of online fraud and identity theft infractions. And, the country is home to one fraud attempt every 16 seconds.

Besides being a problem for its citizens, the issue also can negatively impact the country’s economic relationships with other countries, that may hesitate to do business there.

 

Via Mary Ann Azevedo via Crunchbase

 

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Few can claim to have visited the white-sand beaches and lush mountain jungles of Brazil’s Fernando de Noronha archipelago, but that’s not for a lack of trying. Around 75% of these 21 scenic islands set 350km off Brazil’s north-east coast were declared a protected national marine park and sanctuary in 1988, and in order to promote sustainable development, only 420 visitors a day are allowed to enter.

But while a trip to these volcanic clusters is highly sought-after by tourists now, it wasn’t always so. Between the 18th and 20th Centuries, the main island was used as a prison for some of Brazil’s most dangerous criminals.

 

By Ana Terra Athayde via BBC Travel

 

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Brazil’s iFood is a great example of a highly innovative company that is very much a product of Silicon Valley — even though it is founded and funded largely by Brazilians (and South Africans). It has raised nearly $600 million and has swiftly built a giant business. It is one of Brazil’s nine unicorns today.

I came across iFood earlier this year at the well-attended BayBrazil conference in Silicon Valley, where Fabricio Bloisi, founder and CEO of Movile, a Brazilian mobile apps and investment firm, was the keynote speaker. Bloisi is a colorful personality, and he’s funny and humble considering all the success he’s had in business.

 

By Tom Foremski via ZDNet

 

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Kovi, a fast-growing 17-month-old Brazilian mobility startup, has raised a $30 million Series A led by Global Founders Capital.

New investor Quona Capital and existing investors Monashees, Maya Capital, Accel partner Kevin Efrusy, Y Combinator, Broadhaven Ventures, Tinder founder Justin Mateen and ONEVC also participated in the financing, which brings Kovi’s total raised since its inception to $40.6 million.

 

By Mary Ann Azevedo via Crunchbase News

 

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BRASILIA (Reuters) – Brazilian President Jair Bolsonaro’s government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.

Pushing ahead with an ambitious privatization plan, he sent Congress a bill to sell Brazil’s largest utility, state-run Centrais Eletricas Brasileiras SA (ELET6.SA), known as Eletrobras.

 

By Marcela Ayres and Lisandra Paraguassu via Reuters

 

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SAO PAULO (Reuters) – Brazil’s Banco Inter SA , a SoftBank-backed online lender that has seen rapid growth thanks to its free checking accounts, is preparing to launch a smartphone app offering food delivery and ride hailing, its chief executive told Reuters.

The bank has seen deposits skyrocket in recent years but remains a relative bit player in Latin America’s largest economy.

 

By Carolina Mandl via KFGO

 

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Now the second largest market for podcasts in the world, Brazil is attracting increased investment from players active in the segment.

Brazil is only behind the United States when it comes to consumption of the audio format, according to Podcast Stats Soundbites. Large companies placing their bets in the format, like Google, expect non-English markets like Brazil and India to grow exponentially.

 

By Angelica Mari via ZD Net

 

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Brazil, Latin America’s largest economy, is lowering interest rates and the Senate there recently passed much-needed pension reform. With those factors, among others, in mind, perhaps it’s not surprising some professional investors are again warming to Brazilian equities.

The iShares MSCI Brazil Capped ETF EWZ, +1.70% is up 18.53% year to date, a gain that’s well ahead of the 9.88% returned by the MSCI Emerging Markets Index. EWZ has a three-year standard deviation of 28.48%, also well above that of the MSCI Emerging Markets Index, but this year, Brazilian stocks are justifying the added risk.

 

Via Market Watch

 

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The world’s largest car rental provider, Enterprise Holdings, Inc. – which owns and operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands through its integrated global network of independent regional subsidiaries – today announced its further expansion in South America with the launch of the Enterprise Rent-A-Car brand in Brazil, joining the National Car Rental and Alamo Rent A Car brands in the country.

 

Via Travel Pulse

 

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BRASILIA (Reuters) – Brazil’s central bank cut its benchmark interest rate to a new all-time low of 5.00% on Wednesday as expected, but signaled that further easing may be less aggressive than it has been in recent months, despite inflation running well below target.

In a change from recent statements, the bank’s policymakers warned that the historically low level of rates could raise uncertainty and lift inflation within the time horizon for which the bank sets policy.

 

By Jamie McGeever via KFGO

 

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(Bloomberg)—When Amazon.com Inc., No. 1 in the Internet Retailer 2019 Top 500, announced it was rolling out its popular Prime delivery subscription service in Brazil last month, shares of  local e-commerce competitors tanked. Investors also got jittery in 2017, when the world’s largest online retailer launched a marketplace to sell electronics. In both cases, the shares recovered quickly once investors reminded themselves of a durable truth about Brazilian ecommerce: Local firms have a firm igrip on the market and are in little danger of succumbing to the American interloper.

So it goes for Amazon in Latin America’s largest economy. Seven years after entering Brazil, the Seattle-based company is battling to gain traction against a handful of local competitors with extensive delivery networks, strong brands and a deep understanding of Brazilian shoppers.

 

Via Digital Commerce 360

 

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BRASILIA (Reuters) – The main aim of the Brazilian central bank’s monetary policy is to ensure low and stable inflation, Fabio Kanczuk, the monetary authority’s incoming director for economic policy, said at his Senate confirmation hearing on Tuesday.

In brief opening remarks, in which he made no further comment on his outlook for official interest rates, Kanczuk said “it is with monetary stability that we will get interest rates to the most appropriate levels, always firm in our objective of promoting an environment of sustainable economic growth.”

 

By Marcela Ayres via KFGO

 

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BRASILIA (Reuters) – Brazil’s benchmark interest rate will be cut to a record low of 5.00% on Wednesday, according to the unanimous view in a Reuters poll of economists, as the central bank battles to spur economic growth and prevent inflation from falling further below target.

All 31 economists surveyed say the bank’s rate-setting committee known as ‘Copom’ will reduce the Selic rate by half a percentage point for the third successive meeting. A dovish outlook for the next year from 25 economists was also unanimous.

By Jamie McGeever via Yahoo Finance

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Negotiations between Mercosur and Canada aimed at closing a free trade agreement are “intense”, with the possibility of being finalized by 2020. This was the information brought to the Committee on Foreign Relations and National Defense (CRE) of the Senate by the diplomat Pedro Henrique Lopes Borio on Thursday (24), when appeared before and had its name approved to head the Brazilian embassy in Canada.

“Interestingly, the coordinator of the negotiations on the Canadian side, David Usher, must occupy a prominent place in the new cabinet of Prime Minister Justin Trudeau, who has just been re-elected. This shows the importance that Canada gives the Mercosur because they want to reduce the dependence of the US economy have. They want to diversify its trade. But this agreement is also of paramount importance to Brazil. Will open the Canadian government procurement market for us, that comes to $ 300 billion [about US $ 1.2 trillion] per year, “Borio said.

 

Via DATAGRO

 

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