No dia 4 de novembro acontecerá em São Paulo, o lançamento do livro “Entendendo a Constituição da República Federativa do Brasil” de Cooordenação e Coautoria de Felipe Neves.

Felipe é Fellow do nosso POY Fellowship Program e Presidente e Fundador do Projeto Constituição na Escola. O objetivo do Projeto, através das aulas sobre a Constituição Federal Brasileira, é expandir a noção cívica dos estudantes, ensinando-lhes sobre seus direitos e deveres constitucionais, para que tenham uma base educacional sólida para compreender a importância de ser um cidadão consciente.

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In an encouraging development for Brazil’s offshore oil exploration and production (E&P) sector, a bevy of big industry names queued up for the latest rights on offer agreeing to fork up $2.2 billion.

On Thursday (October 10), the country’s government confirmed that ten companies had agreed to pay the amount for drilling rights in 12 offshore oil blocks, with the country’s pre-salt deposits, i.e. exploration prospects in which billions of barrels of oil are trapped beneath a layer of salt underneath the ocean bed, attracted the most attention.

 

By Gaurav Sharma via Forbes

 

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The Minister Tereza Cristina (Agriculture, Livestock and Supply) said on Thursday (10) that Brazil is already recognized as an agricultural powerhouse, but has room to continue growing in a sustainable manner. By participating in the Brazil Panel: Sustainable Agricultural Power, during the Investment Forum Brazil 2019 in Sao Paulo, the minister said Brazil wants to move beyond the current 7% share in world trade.

“We are one of the few countries in the world with the capacity to significantly expand the provision of sustainable food. To follow increasing domestic production and minimizing impacts on the environment, the Brazilian government and the private sector need to continue working together, “said the minister, noting that Brazil should effectively assume their global agri-environment power vocation.

 

Via DATAGRO

 

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SAO PAULO (Reuters) – Coffee trees all over Brazil’s top producing state Minas Gerais have bloomed this week, marking the first major flowering for the new Brazilian coffee crop that could indicate the size of next year’s production.

Farmers and analysts shared pictures and videos of their crops, with trees full of flowers or flower buds. Agronomists say a good flowering, ample and uniform, followed by adequate moisture and mild temperatures, could lead to good production.

 

By Marcelo Teixeira via Reuters

 

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BRASILIA, Oct 9 (Reuters) – Brazil’s Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a “transfer of rights” (TOR) area off the country’s southeastern coast.

The government expects to raise 106 billion reais ($25.8 billion) from the auction scheduled for Nov. 6, which is expected to attract a range of major global oil companies to tap one of the world’s most promising conventional oil plays.

 

By Gabriel Ponte via Reuters

 

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BRASILIA, Oct 9 (Reuters) – Brazilian consumer price inflation fell to its lowest in more than a year in September, official figures on Wednesday showed, a reading below the central bank’s target that is likely to strengthen expectations of another cut in interest rates.

The benchmark IPCA index of inflation rose 2.89% in the 12 months through September, down from an increase of 3.43% in the previous month, government statistics agency IBGE said on Wednesday.

 

By Jamie McGeever via Reuters

 

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As part of its grander geostrategic ambitions, Brazil aims to expand its strategic reach in the Indo-Pacific region. Moving from a regional power in South America to a global player will entail Brasilia extending its influence across the Pacific to the west coast of Africa and eventually around to the wider Indo-Pacific region.

This grand strategic vision has accelerated under the current Brazilian leadership.

 

By Balaji Chandramohan via The Diplomat

 

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BRASILIA, Oct. 7 (Xinhua) — Brazilian President Jair Bolsonaro on Monday submitted to Congress a bill drafted by the Central Bank of Brazil to modernize the foreign exchange market.

“The objective of the bill is to establish a new, more modern, more concise and legally secure framework for the foreign exchange and capital markets in Brazil and Brazilians abroad,” said the bank in a press release.

 

Via Xinhua

 

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BRASILIA, Oct 4 (Reuters) – President Jair Bolsonaro signed a law modernizing Brazil’s telecommunications regulations on Friday in a move long expected by the industry to allow new investment opportunities and help salvage bankrupt carrier Oi SA .

The law, which took five years to clear Congress, will boost telecom companies by lifting restrictions on sales of their formerly state-owned assets. It will also allow for a secondary market for trading cellphone frequencies.

 

Via Reuters

 

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Congratulations to Bruno Yoshimura and the ONEVC team for this important achievement. Bruno is a fellow of our POY Fellowship Program and a member of our Young Professionals Committee. 

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In recent years, Brazil’s startup scene has exploded as investor interest in Latin America as a whole has increased. And ONEVC, a cross-border fund dedicated to investing in U.S. and Latin American startups, is ideally poised to capitalize on that.

The firm, with offices in São Paulo and San Francisco, has closed its first fund, ONEVC FUND I LP, Crunchbase News has learned exclusively.

The firm has $30 million under management, along with $8 million to invest in “special opportunities” (more about those later). Since it was formed in November 2017, ONEVC has already seen two portfolio companies become unicorns and another (San Francisco-based HeyDoctor) exit.

By Mary Ann Azevedo via Crunchbase News

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BRASILIA (Reuters) – Brazil’s services sector activity expanded in September at the fastest pace in six months, a closely watched purchasing managers index survey showed on Thursday, with employment growth in the sector hitting its highest in over five years.

The latest IHS Markit PMI figures suggest Brazil is bucking a global trend consistent with sharply slowing activity and even recession across the United States, Europe and Asia.

 

By Jamie McGeever via KFGO

 

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SAO PAULO (Reuters) – Amazon.com Inc will launch its virtual assistant Alexa in Brazil starting this month, with plans for three different devices with the software installed, as it rapidly expands operations in Latin America’s largest economy.

The move comes only three weeks after the U.S. e-commerce giant introduced its Prime subscription service to Brazilian consumers, toughening the competition with local retailers by offering unlimited nationwide free shipping and a maximum 48-hour delivery time in over 90 municipalities.

 

By Gabriella Mello via Reuters

 

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BRASILIA, Oct 1 (Reuters) – Industrial production in Brazil rose in August at its fastest pace in more than a year, official figures on Tuesday showed, a sign that Latin America’s largest economy may slowly be turning a corner after flirting with recession earlier in the year.

The recovery may be on an uneven footing, however, as intermediate goods production was the only one of four broad economic categories to grow, and only 10 of the 26 narrower sectors surveyed managed to expand in the month.

 

By Jamie McGeever via Reuters

 

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The fintech segment continues to grow in Brazil with most startups focused on B2B offerings, according to a new study.

There are 504 fintechs operating in Brazil across 10 segments currently – this compares to 377 fintechs active in Brazil in 2018, according to the data compiled by Finnovation, a local website that has been monitoring the segment since 2011.

 

By Angelica Mari via ZD Net

 

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At the end of the 9th Meeting of Ministers of Agriculture of BRICS held in Bonito (MS), on Thursday (26), representatives of the five countries signed the Nice Charter, with 27 items that reaffirm commitment to cooperation in the area agricultural. The ministers said the potential to enhance collaboration in the food production areas, food security and environmental security.

“This can be achieved through good agricultural practices, developing digital agriculture and value chains for better agricultural marketing and improvement of income for farmers,” says the letter, which deals with issues such as innovation, industry communication, startups, trade facilitation, scientific principles, regionalization and sustainability.

 

Via DATAGRO

 

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SoftBank  did not let up the flow of capital to Brazil this month, staying busy despite the WeWork debacle. With two more $100 million-plus rounds in QuintoAndar and MadeiraMadeira, the Japanese investor has funded at least one more unicorn in the Brazilian ecosystem. Their investments in Brazil from the past two months alone far outstrip Latin America’s venture capital funding in all of 2016.

In early September, SoftBank backed QuintoAndar  for a $250 million Series D round alongside Dragoneer, General Atlantic and Kaszek Ventures, which recently made headlines for raising $600 million to invest in Latin America. QuintoAndar is a real estate rental startup that simplifies the process of locating and renting an apartment in Brazil. Although the startup only has 2% of the rentals market share in Brazil, QuintoAndar’s  tech solution enabled them to scale rapidly, beating out traditional incumbents in the region’s bureaucratic rental structure.

 

By Sophia Wood via Tech Crunch

 

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In an exclusive interview to the entry portal Uagro / DATAGRO, this Monday (23), at the International Congress of Wheat Industry in Campinas (SP), the president of Embrapa, Celso Moretti said the search body reduce dependence the budget of the National Treasury, looking increasingly tailor agreements with the private sector, resulting in new resources for agricultural research.

In this sense, Moretti said he saw very much welcome the approval of the Economic Affairs Committee (CAE) of the Senate’s bill, which includes between the resources of Embrapa those from the licensing for commercial exploitation of technologies, products, services and brand use rights.

 

Via DATAGRO

 

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(Bloomberg) — Ari de Sa Cavalcante Neto was spending so much time away from home selling his firm’s shares to U.S. investors that he felt he owed his seven-year-old daughter an explanation.

“I told her I had entered a very long competition and, if I won, I’d bring home a unicorn,” Cavalcante, chief executive officer of Brazil’s Arco Platform Ltd., told a group of entrepreneurs earlier this year.

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

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BRASILIA (Reuters) – Seven months into the presidency of Roberto Campos Neto, Brazil’s central bank has implemented a quiet revolution in its monetary policy, with the former trader showing a willingness to tolerate a weaker currency.

In selling international reserves for the first time in 10 years to meet demand for dollars, while slashing interest rates to new lows to revive growth, the blue water between monetary and exchange rate policy is becoming ever clearer, analysts say.

 

By Jamie McGeever via Reuters

 

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SAO PAULO (Reuters) – Chinese state-owned commodities trader COFCO INTL [CNCOF.UL] plans to continue to invest in Brazil in the near future after having quickly achieved a significant position in the local commodities market, but will be very selective in choosing next targets.

COFCO sources and trades grains, oilseeds, sugar, coffee and cotton in Brazil, where it hosts most of its 36 Latin American warehouses, eight food processing plants and 10 port terminals.

 

By Marcelo Teixeira and Roberto Samora via Reuters

 

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The Brazilian Specialty Coffee Association (BSCA) and the Brazilian Agency for Export and Investment Promotion (Apex-Brazil) organized the participation of Brazilian companies in the main fair of specialty coffee Asia, SCAJ World Specialty Coffee Conference and Exhibition 2019 held between 11 and 13 September in Japan.

In the three-day event, 21 members of the Association conducted 395 business contacts with potential buyers from Japan, China, Taiwan, UK, Netherlands, South Korea, Malaysia, England and the United States have closed $ 2.1 million in business. For the next 12 months, they predict also the realization of over US $ 9.47 million.

 

Via DATAGRO

 

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Canadian storytelling app Wattpad is headed to Brazil, South America’s biggest media market, after signing a development and production deal with indie studio Wise Entertainment.

The agreement hands Wise Entertainment, which has offices in Los Angeles and New York City, the exclusive first-look rights to develop Wattpad stories into Portuguese-language film and TV projects for global distribution.

 

By Allen Lau via The Hollywood Reporter

 

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(Bloomberg) — JPMorgan Chase & Co. is expanding its Brazil fixed-income business to include local bonds as issuance hits a record amid record-low interest rates and optimism about President Jair Bolsonaro’s economic reforms.

The bank started working with corporate clients earlier this year to manage their sales of bonds denominated in reais, according to Lucianna Lorenzo, the head of international and local debt capital markets at JPMorgan in Brazil.

 

By Pablo Gonzalez via Yahoo News

 

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“We have around 40 companies that fit in Brazil,” the group’s head in Brazil, André Maciel, told the news outlet during an event at Cubo, a technological hub funded by Itaú Unibanco, the largest private bank in Latin America.

 

Via PYMNTS

 

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ENTRE RIOS DO OESTE, Brasil, Sep 20 2019 (IPS) – Biogas has the potential to provide 36 percent of the electricity consumed in Brazil or replace 70 percent of diesel if purified as biomethane, according to the Brazilian Association of Biogas and Biomethane (Abiogas).

This new source of energy is only recently gaining a foothold in this country, especially in the agricultural south. Its future is promising in an agro-diverse Brazil, which is the world’s largest producer or exporter of sugar, coffee, meat and soybeans.

 

By Mario Osava via IPS News

 

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SAO PAULO, Sept 19 (Reuters) – Brazilian telecommunications firm Oi SA is in talks with Spain’s Telefonica SA and Italy’s Telecom Italia SpA to sell its mobile network to avoid insolvency, five people with knowledge of the matter said.

Oi has been struggling to turn around its business since filing for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt.

 

By Carolina Mandl and Gabriela Mello

 

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Brazil is known for its complex business environment, and its byzantine tax system is a big reason why. According to the World Bank’s Doing Business rankings, Brazil is the world’s seventh-worst place to have to pay taxes, roughly on par with the Republic of Congo and Bolivia. President Jair Bolsonaro’s government, continuing to tackle some of the most vexing issues facing Latin America’s largest economy, hopes to simplify taxes for both business and ordinary citizens, a goal that eluded prior heads of state.

 

By Rachel Gamarski via Bloomberg

 

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Over the past few months, there has been some movement in the Brazilian political sphere which seems to be targeting increased transparency and auditability for cryptocurrency transactions.

New regulation has been approved that requires users to disclose more information about their cryptocurrency trades, and businesses are now required to register their holdings as well. Taxes have also been clarified and new measures are being discussed which could add additional taxes to any crypto-to-fiat trading.

By Pedro Febrero via Yahoo Finance

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SAO PAULO (Reuters) – Toyota Motor Corp <7203.T> on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region.

Toyota said the funding would allow the Sorocaba plant, which builds the Etios and Yaris sedan models, to produce a new vehicle model. It did not provide details on the new model.

By Marcelo Rochabrun via Yahoo Finance

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SAO PAULO, Sept 17 (Reuters) – A spike in oil prices following recent attacks on facilities in Saudi Arabia is expected to boost an already positive outlook for ethanol in Brazil, according to analysts and industry representatives, further relegating sugar to the background for mills that largely process ethanol.

If higher oil prices lead to increased gasoline prices in Brazil, ethanol would keep its price advantage over the fossil fuel at the pumps, potentially leading to strong demand and good profit margins for cane mills, market participants said.

 

By Marcelo Teixeira via Nasdaq

 

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The Minister Tereza Cristina (Agriculture, Livestock and Supply) began on Monday (16) the datebook in Saudi Arabia, the second destination of the mission to the Middle East. The first engagement was a meeting with the Deputy Minister of Environment, Water and Agriculture, Mansour bin Hilal Al Mushaiti. The two discussed bilateral technical cooperation in agriculture.

The minister also spoke of exports to the Arab country. Major importers of chicken and beef, Saudi Arabia expressed interest in the marketing of fodder for animal feed produced in Brazil.

 

Via DATAGRO

 

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Twenty-one-year-old Brazilian Anna Luisa Baserra always wanted to be a scientist. From washing liquid to shampoo, no household item escaped the potential for becoming the next scientific experiment.

“I used to play with my cousins, trying to make chemical compounds from any liquids we could find, mixing them up and pretending to be professional scientists,” she recalls.

 

By Lis Mullin Bernhardt via UN Environment

 

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Marco Krapels left Tesla Inc. and started a battery company in a place that’s a hemisphere away from California’s rarefied clean-energy scene: Brazil.

Krapels, Tesla’s former vice president for international expansion of solar and storage, now runs Sao Paulo-based MicroPower-Comerc. The company, backed by Siemens AG, is pushing to use big mobile batteries to wean Latin America’s largest economy off oil-fired generators during blackouts.

 

By Laura Millan Lombrana via Bloomberg

 

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Virgin Atlantic and GOL are opening up Brazil with a codeshare agreement that will allow passengers on the UK airline’s forthcoming London-Sao Paolo service to connect to 37 destinations.

GOL is Brazil’s biggest domestic carrier and connections will include leisure favorites such as surf hotspot Florianopolis, Amazon jungle launchpad Manaus and the pristine coastline of Recife.

 

By Steve Creedy via AirlineRatings

 

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RIO DE JANEIRO, Sept 12 (Reuters) – Brazil’s development bank BNDES is mulling strategies to sell its stakes in listed companies such as state-controlled oil company Petrobras SA , two sources with knowledge of the matter said on Thursday.

As discussions are still ongoing, BNDES may start divestments only next year, the sources added.

By Rodrigo Viga Gaier via Yahoo Finance

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(AMZN) — Amazon today announces the launch of Amazon Music for Brazil, bringing customers millions of songs and thousands of playlists and stations ad-free, with two music streaming tiers. Beginning today, customers can access Amazon Music Unlimited, the premium music streaming tier with unlimited access to more than 50 million songs, including chart-topping releases from Brazilian and International artists including Pabllo Vittar, Post Malone, Ivete Sangalo, Billie Eilish, Gustavo Mioto and many more, along with locally curated playlists and stations, developed specifically for today’s music fan in Brazil. This follows Tuesday’s launch of Amazon Prime in Brazil, offering members a selection of more than two million songs at no additional cost to their Prime membership. Customers can learn more about Amazon Music, and begin a three-month free trial for the Unlimited tier today at amazon.com.br/music.

 

Via Yahoo Finance

 

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BRASILIA, Sept 12 (Reuters) – Brazil’s services sector grew in July at its fastest pace this year, official figures showed on Thursday, another indication that Latin American’s largest economy started the third quarter on a solid footing.

A day after figures showed retail sales posting their biggest rise of the year in July, government statistics agency IBGE said service sector activity climbed 0.8% in the month and 1.8% on the year, both smashing forecasts.

 

By Jamie McGeever via Reuters

 

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BRASILIA, Sept 12 (Reuters) – The Brazilian Senate late on Wednesday approved a bill that will modernize Brazil’s telecommunications law and boost companies in the sector by lifting restrictions on asset sales, according to the upper house’s news service, Agencia Senado.

The bill, known as PLC 79, had already passed the lower house of Congress and will now go to President Jair Bolsonaro to be signed into law.

By Anthony Boadle via Yahoo Finance

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Sao Paulo-based real estate startup QuintoAndar has raised a $250 million Series D in a round that is considered massive by U.S. standards but is positively gargantuan in Brazil. The round takes the company “to unicorn status,” according to CEO Gabriel Braga, although he would not disclose its exact valuation.

SoftBank Group International led the round, which also included participation from another new investor Dragoneer as well as existing backers General Atlantic and Kaszek Ventures. The financing brings the six-year-old company’s total raised to over $335 million, according to its Crunchbase profile, and comes just nine months after its $70 million Series C.

 

By Mary Ann Azevedo via CrunchBase News

 

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Use a sensor to predict whether it will rain on a property and thus identify the best time to apply a crop protection product. Have equipment on a tractor that monitors whether it stops or breaks to allow for quick maintenance. Insert small appliances into the soil to have indicators for planting, such as moisture level. These are some of the applications of the so-called Internet of Things (IoT) that are beginning to be implemented in projects in the field, according to “Agência Brasil”.

Internet of Things (IoT) is a name given to a set of technologies that enable more efficient real-time, multi-area monitoring through multi-purpose machine-to-machine communication dynamics. , such as increasing the ability to monitor and control a given activity, as in the examples above.

 

Via DATAGRO

 

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SAO PAULO, Sept 9 (Reuters) – Brazil and Mexico have begun talks on a free trade deal, a Brazilian official said on Monday, seeking to deepen commercial ties between the two largest economies in Latin America as trade tensions threaten to undermine global growth.

Marcos Troyjo, Brazil’s deputy economy minister for foreign trade, said Brazil had formally started free trade talks with Mexico, which recently ratified a new trade pact with the United States and Canada to replace the North American Free Trade Agreement (NAFTA).

 

By Ana Mano via Successful Farming

 

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SAO PAULO (Reuters) – Amazon.com Inc said on Tuesday it will launch its Prime subscription service in Brazil, where it has struggled against tough local competition in Latin America’s largest economy.

Shares in Brazilian retailers tumbled after Amazon announced it is offering Prime subscribers unlimited nationwide free shipping and a maximum 48-hour delivery time in over 90 municipalities for goods ranging from clothes to electronics.

By Aluisio Alves via Yahoo Finance

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BRASILIA, Sept 6 (Reuters) – Consumer price inflation in Brazil was well contained in August, as forecast, reinforcing expectations of deeper interest rate cuts by the central bank as it tries to fire up economic growth.

Prices measured by the benchmark IPCA index , rose 0.11% in August, government statistics agency IBGE said on Friday, in line with forecasts in a Reuters poll.

 

Via Nasdaq

 

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SAO PAULO (Reuters) – Norway’s power generator Statkraft AS [STATKF.UL] plans to sharply increase its capacity to produce renewable energy in Brazil in the next four to five years, the head of the Brazilian unit, Fernando de Lapuerta, told Reuters.

The company is looking to acquire some Brazilian projects and also plans to take part in coming rounds where the government awards licenses for construction of new power plants, the executive said in an interview on Tuesday.

 

By Luciano Costa via Reuters

 

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Mobile devices were the main channel used by Brazilians to transact with their banking institutions in 2018, according to data from the Brazilian Central Bank (BC).

Some 29 billion transactions were completed through smartphones and tablets last year, up 18.4 percent on 2017. This builds on a trend that emerged in Brazil last year, when mobile devices surpassed other remote channels such as Internet banking.

 

By Angelica Mari via ZD Net

 

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“Brazil is the country of the future” was a familiar phrase for many years – or as we say in Portuguese – “Brasil, país do futuro”. For tech startups, that future is now. The country is showing signs that the sleeping giant is finally waking up and moving towards its tipping point.

In 2010, I founded an organization called Brazil Innovators, a network that gave innovators and ecosystem builders direct access to Silicon Valley. When I launched, the venture capital community was very small, but it was clear that Brazil was producing great minds and future talent.

 

By Bedy Yang via Forbes

 

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Data from 2018 from the International Responsible Soy Association (RTRS) show that 4.5 million tons of oilseed were certified and made available to the market last year on over 1.2 million hectares. Compared to 2017, there was an increase of 500 thousand tons.

Increasing demand for responsible soy is one of the main incentives for producers to further extend certification of their properties.

 

Via DATAGRO

 

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IBM plans to spread its cloud computing load across multiple data centers in Brazil, by building a “multizone” region there.

With just one data center in São Paulo, Brazil, it has promised it will extend that next year to a multizone region, where customers who put servers in one of its data centers have them replicated automatically across numerous other data centers in the same region.

 

By Peter Judge and Mark Ballard via Data Center Dynamics

 

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The Brazilian trade balance registered a surplus of US $ 3.284 billion in August, up 23.7% from the same month last year, which was US $ 2.775 billion. The data were released by the Special Secretariat of Foreign Trade and International Affairs of the Ministry of Economy (Secint / ME) on Monday (02).

“It is the largest surplus for August since 2017,” said Undersecretary of Intelligence and Foreign Trade Statistics, Herlon Brandão, at a press conference held at the Ministry of Economy, in Brasilia (DF), to comment on the numbers. From January to August, the surplus reaches US $ 31.759 billion.

 

Via DATAGRO

 

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SAO PAULO — Volkswagen will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker’s headquarters in Germany.

Sao Paulo state is the heart of Brazil’s auto industry, although its relevance has been in decline in recent years as other states have offered more generous tax incentives.

 

Via Automotive News Europe

 

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SAO PAULO (Reuters) – Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10% blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.

China wants to add 10% of ethanol to all gasoline used in the country by 2020, a policy that could sharply boost the country’s ethanol market and potentially increase imports, since local production capacity is too small to meet the target.

 

By Marcelo Teixeira via WSAU

 

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Brazil avoided falling into recession on Thursday with the release of new economic data showing South America’s largest economy grew by 0.4 per cent quarter-on-quarter in the three months to June, a better than expected performance. The figures showed that Brazil’s economy moved back into expansion after shrinking by 0.2 per cent in the first quarter, and its performance was better than analysts had expected; economists polled by Reuters had forecast 0.2 per cent growth.

The figures showed that Brazil’s economy moved back into expansion after shrinking by 0.2 per cent in the first quarter, and its performance was better than analysts had expected; economists polled by Reuters had forecast 0.2 per cent growth.

 

By Bryan Harris and Andres Schipani via Financial Times

 

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SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said.

Around 20 companies have signed non-disclosure agreements granting them access to the refineries’ data and signaling that they are considering a bid, the sources added, speaking on condition of anonymity to disclose private details of the sale.

 

By Tatiana Bautzer and Rodrigo Viga Gaier via Reuters

 

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The Ministry of Agriculture, Livestock and Supply (MPLSa) has signed an agreement with Banco do Nordeste (BNB) to subsidize public and private innovation policies aimed at the sustainable development of agriculture in the Caatinga biome. The partnership will allow the structuring of the Strategic Intelligence, Management and Territorial Monitoring System (SITE), which will gather scientific data from the region.

The agreement was signed on Friday (23) by Minister Tereza Cristina, the president of BNB, Romildo Rolim, the president of the Brazilian Agricultural Research Corporation (Embrapa), Celso Moretti, and the Foundation for Support for Research and Development ( Faped).

 

Via DATAGRO

 

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SAO PAULO, Aug 26 (Reuters) – Brazilian power companies are raising a record amount of debt in local markets this year to finance construction of generation assets and transmission lines.

Tax-exempt local infrastructure bonds have been the main instrument to finance power investment in the country. Power companies have issued 12 billion reais ($2.9 billion) of the local bonds in the first seven months of the year, 83% of the total amount issued across all industries.

 

By Luciano Costa via Reuters

 

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Brazil is readying a plan to accelerate the sale of state-controlled assets as well as partnerships with private companies, as part of President Jair Bolsonaro’s push to shrink the public sector and spark investments.

The federal government will put state development bank BNDES in charge of organizing and paying for feasibility studies, which are mandatory for asset sales and auctions and are crucial for their success. BNDES will also be able to hire outside consulting companies based on technical capacity and not just price.

 

By Simone Preissler Iglesias via Bloomberg

 

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The Secretary of Aquaculture and Fisheries of the Ministry of Agriculture, Livestock and Supply, Jorge Seif Júnior, is in Norway to attend the Aqua Nor 2019 fair, which takes place in Trondheim. According to Seif, Brazil and Norway are studying the possibility of establishing a technical cooperation that facilitates and promotes the development of Brazilian fishery, aquaculture and fishery health.

“It is one of the largest fish producers in the world, with different technology in both fisheries and aquaculture. It has an excellent health defense system, including some of the best laboratories in the world,” says Seif.

 

Via DATAGRO

 

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Imagination The Americas Inc.

Imagination Ltd. is a global independent experience agency founded in 1968. With 13 offices worldwide, Imagination has specialized in designing experiences that change how people think, feel, and act. Whether it be increasing brand reputation and preference, driving sales or shaping product design, ultimately, Imagination believes in the power of experience to transform behavior. We measure the impact of everything we do, ensuring our experiences are insight driven, optimized and aligned to our clients’ objectives.

Additionally, Imagination’s dedicated Investor Communications team has over 40 years of unrivaled roadshow experience, spanning over 700 roadshows that have included some of the world’s most high-profile transactions. Our integrated creative agency team provides end-to-end IPO marketing and investor communications support, delivering on all facets of the IPO, from: design and development of the management roadshow slide deck and prospectus covert art; to production of the roadshow management presentation video (and accompanying opening video, modules, sizzle and walk-in video for a clear and compelling investment case); to group meeting brand experiences, production and events surrounding listings.

The Investor Communications team can continue to add value after listing for the investor relations, finance, and marketing teams, maintaining a dialogue with the investment community through IR presentations, annual and corporate responsibility reports, investor and analyst events, and annual general meetings. Imagination is proud to have partnered with a wide variety of public companies providing end-to-end investor and corporate communications support.

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Brazil’s pig industry is eagerly awaiting the foreseen surge in demand to pig meat from China. Currently, Brazil is not really feeling the effects of the African Swine Fever crisis in Eastern Asia yet. Although prices grew over the first 6 months of 2019 by 70%, in July the prices dropped again by 15.6%.

The main reason for this phenomenon is that prices are still on ‘speculation’ levels and that the demand has not really started increasing. As a result, the generalised expectations of a non-stop increasing margins for Brazilian pig meat and quotes have started to drop.

 

By Daniel Azevedo via Pig Progress

 

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A “silent revolution” in Brazil will drive the mergers-and-acquisitions business for the next three years as the government privatizes state-owned assets at a pace far exceeding early estimates, according to one of the nation’s top M&A advisers.

“What we’ve seen so far is nothing compared to what’s yet to come,” Ricardo Lacerda, chief executive officer of investment-banking boutique BR Partners, said in an interview in Sao Paulo. “Even assets that are considered crown jewels will end up being sold.”

By Cristiane Luccchesi and Pablo Rosendo Gonzalez via Bloomberg

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Brazil is finally getting serious about loosening the hegemonic grip of Petrobras, the state-owned oil and gas company, on the country’s gas industry, almost ten years since regulatory reforms failed to kickstart greater market competition.

Allowing Petrobras to sell off assets and get out of non-core sectors is central to the government’s natural gas strategy. In July, Brazilian President Jair Bolsonaro inaugurated the New Gas Market programme, aimed at cutting the domestic price of gas 40pc within two years, guaranteeing participation of new entrants and attracting greater investment to the natural gas sector.

 

By Charles Waine via Petroleum Economist

 

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China this week put in a large order of Brazilian soybeans as it increasingly turns to the South American nation to fill a supply gap after halting purchases from the U.S., according to people familiar with the situation.

Chinese companies have already bought between 25 to 30 cargoes of soy from Brazil so far this week, which is equivalent to about 1.5 million to 2 million tons, the people said, asking not to be identified as the deals are private. Buyers are looking for more Brazilian supply and still haven’t bought enough to cover their needs through October, the people said.

 

Via Bloomberg

 

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Brazil-based software-as-a-service firm Resultados Digitais (RD) has raised a new investment round led by Riverwood Capital following a “significant shift” in international interest in the country’s tech ecosystem.

The investment of 200 million reais ($50 million) is the company’s fifth funding round and brings it closer to the coveted valuation of $1 billion. The transaction includes the firm’s existing backers TPG Growth, DGF Investimentos, Redpoint eventures, Astella Investimentos and Endeavor Catalyst.

 

By Angelica Mari via Forbes

 

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There are 332 million cars on the road in China, more than anywhere in the world. Most run on pure petrol, but from next year Chinese fuel companies will add 10% ethanol, a move that could have far reaching implications for the consumption of fossil fuels.

Brazil’s biofuel industry is the world’s second largest behind the US. In recent years it has suffered from fuel price shocks resulting from shifts in government policy, but it has been buoyed by the enormous potential of the Chinese market.

 

By Sarita Reed and Vinicius Fontana via China Dialogue

 

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Sid Efromovich, member of our Young Professionals Committee, has just launched his online course on how to learn any foreign language.

A few years ago, he delivered a TEDx talk on how to learn foreign languages. It became the most viewed TED talk by a Brazilian in history, and the 19th most viewed talk on the TEDx channel with other 10 million views. He has now taken everything he knows about language learning and created the 6 Techniques course. It’s a quick 6 hour course that can teach anyone how to learn any language faster and better.

“Languages let us build a bridge to other cultures, and allow us to open up so much more of people’s hearts and minds.”

Learn more here

SAO PAULO, Aug 13 (Reuters) – Latin America’s largest independent investment bank, Banco BTG Pactual SA, reported a 50.2% jump in second-quarter recurring profit on Tuesday, as trading and proprietary investment gains increased as well as management fees.

Recurring net income, which excludes one-time items, rose to 1.029 billion reais ($258 million) from 685 million reais a year earlier.

 

By Carolina Mandl via Reuters

 

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Thanks to the Brazilian government waiving the visa requirement for U.S. citizens – and those from Canada, Australia and Japan, too – in June 2019, planning a trip to Brazil has gotten easier. While Rio de Janeiro can first come to mind, perhaps followed by San Paulo, as a destination, there is another city within Brazil that offers much culture and cuisine, and sand and surf. It’s Salvador.

Within Brazil’s northern state of Bahia, Salvador is a coastal destination that is ushering in new developments while maintaining its past. A convention center to be named Antonio Carlos Magalhães is anticipated to open at the end of 2019. This spring, LATAM began offering a new direct flight from Miami to Salvador, departing on Sunday afternoons and returning to Miami early Monday mornings.

 

By Michelle Herrmann via Forbes

 

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When U.S. Commerce Secretary Wilbur Ross toured Latin America, President Trump hinted to reporters of his main mission: “We’re going to work on a free trade agreement with Brazil.”

Trade agreements that reduce barriers for the exchange of goods, services, and terabytes have the ability to raise incomes and boost opportunities for all countries involved, if they play by the rules.

 

By Philip Thompson via Washington Examiner

 

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The Ports of Paraná handled in July this year about 5.36 million tons of cargo. The volume represents an increase of 19% compared to the same month of 2018, when the movement reached almost 4.5 million tons. The segment with the highest increase in the period is the solid bulk, both import and export, with a high of 23%.

In 31 days, almost 3.75 million tons of this type of cargo were handled – the volume reached just over 3 million tons in July of the previous year.

Considering only the main solid export bulk together – bran, corn and soybeans together – the increase in handling, compared to July 2018 and 2019, was 33%. Exports of the three products totaled almost 2.4 million tons exported.

Grain sugar also stands out. In July this year almost 334,600 tons left the Port of Paranaguá to other countries, 20% more than the 279,600 tons handled in the same month last year.

Sugar in bustling sack in the Port of Antonina is also high. There were just over 17.7 thousand tons in July 2019 and almost 15.7 thousand tons in July of the previous year.

Via DATAGRO

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Surging venture capital investment in Latin American startups has financed international expansion across the region and beyond, as business models that do not require large amounts of capital have helped many firms avoid silos common in the region.

New venture capital funding in the region quadrupled over two years to a record $2 billion in 2018, according to the Association for Private Capital Investment in Latin America. And that total has already been matched in the first seven months of 2019.

Analysts say fundraising rounds this year could double 2018’s total, thanks to Japan’s SoftBank Group Corp (9984.T), which launched its $5 billion Latin America fund in March, the region’s biggest-ever venture capital deployment.

SoftBank’s investments this year have helped to mint a new wave of Latin “unicorns,” or tech startups valued at more than $1 billion, with high expectations hinging on their potential beyond their headquarter countries.

Reporting by Tatiana Bautzer; Additional reporting by Carolina Mandl; Editing by Nate Raymond and Grant McCool via Reuters

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Brazilian state lender Banco do Brasil SA (BBAS3.SA) is readying a secondary share offering that may raise up to 7.9 billion reais ($2 billion), three people familiar with the matter said.

One of the sources, who spoke on condition of anonymity because the transaction has not been announced, said the banks are planning to price the offering by the end of September.

The investment banking units of Itau Unibanco Holding SA (ITUB4.SA), XP Investmentos SA, Caixa Economica Federal, Credit Suisse Group AG (CSGN.S), JPMorgan Chase & Co (JPM.N) and Banco do Brasil have been hired to manage the deal, sources said.

State bank Caixa Economica Federal has said it is looking to sell a 2.4% stake in Banco do Brasil held by a workers severance fund, according to a Tuesday securities filing. The transaction could raise nearly 3.1 billion reais for the FI-FGTS fund, which Caixa manages, based on Monday’s closing share price.

Reporting by Carolina Mandl and Tatiana Bautzer; editing by Jonathan Oatis via Reuters

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Automobile production in Brazil jumped 14.2% and sales grew 9.1% in July from June, the best performance for the month since 2014, the national automakers’ association Anfavea said on Tuesday.

Brazil’s auto industry is recovering from a crushing depression that cost the country its place as one of the world’s five biggest auto markets, even as automakers are still struggling with low margins.

Auto exports to depressed Argentina, Brazil’s largest foreign destination for its cars, are down 38.4% so far in 2019 compared to a year ago, Anfavea said.

Trade rules in Brazil are changing under a right-wing government that has promised to open up one of the world’s largest but most closed economies. Automakers are figuring out what to do following an initial trade deal with the European Union, as well as changes in trade rules with Mexico, both of which could usher a flood of foreign vehicles into the country.

Reporting by Marcelo Rochabrun; Editing by Bernadette Baum and Nick Zieminski via Reuters

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The Minister Tereza Cristina (Agriculture, Livestock and Supply) reported on Friday (02) that the ministry will bring technical assistance and projects for farmers served by the Public Project Irrigation Ceraíma, Bahia. Alongside the Minister of Regional Development, Gustavo Canuto, the minister participated in the launch of the restructuring and modernization works of the project in Guanambi (BA).

Tereza Cristina stressed that the ministry today is one and works to support small, medium and large farmers in the country, with emphasis on those who need more help.

“We need to give the door to those who can produce, those who can earn from their sweat. And with the help of public policies so that you have the dignity and freedom to produce, sell and dream more and more for you, your children and your grandchildren, ”he said.

According to the Ministry of Regional Development, about 3,000 people are expected to benefit from the project in the cities of Guanambi, Urandi, Pindaí and Caetité. In the region, there is cultivation of mango, banana, guava, pumpkin, cassava and vegetables. The irrigation project has been in operation since the 1970s. Investments for the new works amount to R$ 15.9 million, from the Parnaíba and São Francisco Valleys Development Company (Codevasf).

Via DATAGRO

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Brazil’s central bank on Wednesday delivered its strongest message yet that it’s poised to pump more stimulus into an ailing economy after lowering its key rate by a half percentage point.

The bank’s board, led by its President Roberto Campos Neto, cut the benchmark Selic to a record low of 6%, as forecast by 18 of 45 economists surveyed by Bloomberg. The others expected a smaller reduction or even no cut at all. While stating that their next move will depend on activity and inflation data, policy makers signaled that forecasts for below-target consumer prices in 2020 leave the door open to more easing.

By Mario Sergio Lima via Bloomberg

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WASHINGTON/BRASILIA/SAO PAULO (Reuters) – President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas.

“We’re going to work on a free trade agreement with Brazil,” Trump told reporters at the White House, without giving details.

 

By Alexandra Alper, Marcela Ayres and Marcelo Rochabrun

 

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SAO PAULO, July 25 (Reuters) – Brazilian beverages firm Ambev SA on Thursday posted a better-than-expected 8.5% rise in second-quarter net profit, triggering strong gains in its shares.

The Latin American unit of Anheuser Busch InBev said net income reached 2.616 billion reais ($693.42 million), beating a consensus estimate of 2.286 billion reais ($606.58 million) compiled by Refinitiv.

By Gabriela Mello via Yahoo Finance

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Fortaleza, the fifth-largest city in Brazil with a population of about 2.7 million, is set to accept bitcoin (BTC) payments for public transportation by the end of this year.

Local news outlet O Povo reported the news late last week, saying that the Ceara State Co-operative Autonomous Passenger Co-operative (Cootraps) will provide Fortaleza citizens the options to buy bus tickets using bitcoin, credit and debit cards, in addition to the current cash system.

By Yogita Khatri via Yahoo Finance

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O Amigos da Poli ficou entre os finalistas do Prêmio de Responsabilidade Social oferecido durante o Person of the Year Awards Gala Dinner, premiação que ocorreu no dia 14 de Maio, na cidade de New York.

O evento organizado pela Brazilian-American Chamber of Commerce, elegeu o fundo como finalista na categoria Responsabilidade Social, juntamente com a Renovatio/VerBem, Instituto Brasil Solidário e Aliança Empreendedora.

Gostaríamos de parabenizar o Instituto Brasil Solidário e dizer que termos sido nomeados é um orgulho e nos motiva a continuar trabalhando em prol da melhoria do ensino no Brasil.


Clique aqui para acessar o site do Amigos da Poli

The president of the Confederation of Agriculture and Livestock of Brazil (CNA), João Martins, met on Wednesday (24), in Brasilia, with the President of the Central Bank, Roberto Campos Neto, to present the proposals of the entity to stimulate private financing in agro and improving the business environment in the sector. “We need to be at the forefront, always looking to the future,” said Martins during the meeting at Confederation headquarters.

The funding-related agenda focuses on the following fronts: seeking external resources; promoting the development of new products in private banks for the sector; intensification of cooperative action in new markets and financial support to its members; and stimulating the investments of complementary social security funds in agriculture.

 

Via DATAGRO

 

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Brazil’s economic recovery after the 2015−2016 recession remains sluggish. Real per capita growth has fallen by 8 percent since the beginning of the recession in 2014, and poverty and inequality are on the rise. While the unemployment rate did fall this year, it is still high compared to pre-crisis levels.

To boost growth and create more jobs, Brazil needs to vigorously pursue pension and tax reforms, trade openness, investment in infrastructure, and key financial reforms, the IMF stated in its latest annual economic assessment.

 

Via International Monetary Fund

 

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The firm continues to expand corporate & business capabilities nationwide with the addition of

Nicole Ostrowski and Angela Ramey as senior counsel and Skylar Marshall as associate.

 

New York, NY – July 25, 2019 – Greenspoon Marder is pleased to announce the expansion of the firm’s Corporate & Business practice group with the addition of partner, Michael Smith in New York.

 

“Our firm is committed to providing seamless client service across our national platform. Michael will enhance our corporate team in New York and throughout the U.S., as we continue to strategically grow nationally,” comments Michael Marder, co-managing director at Greenspoon Marder. “Michael’s extensive transactional experience adds a greater range of corporate services to our client offerings,” comments Gerry Greenspoon, co-managing director of Greenspoon Marder.

 

Mr. Smith is an international lawyer with more than 25 years’ experience who advises on international capital markets, cross-border M&A, global fund formation and Shari’ah finance. Mr. Smith has significant experience advising on transactions into and out of the U.S., Canada, Europe, the Middle East, North Africa, sub-Saharan Africa, Latin America and China, and regularly counsels boards, senior management and private equity firms on corporate governance, deal structuring and strategy.

 

The firm has continued to expand our corporate & business capabilities nationwide with the addition of senior counsels, Nicole Ostrowski in Los Angeles and Angela Ramey in Miami, and associate, Skylar Marshall in Denver.

 

Ms. Ostrowski is senior counsel in the Corporate & Business Practice Group at Greenspoon Marder LLP. Ms. Ostrowski’s practice focuses on complex corporate transactions, including private equity transactions, strategic organizational structuring, debt financings, securities offerings, mergers and acquisitions, divestitures, venture capital investments, asset purchases, and joint venture arrangements.

 

Ms. Ramey is senior counsel in the Corporate & Business Practice Group at Greenspoon Marder LLP. She focuses her practice on all aspects of secured financing transactions including single lender, syndicated and mezzanine facilities involving cash flow, secured, asset-based, and acquisition facilities.

 

Mr. Marshall is an associate in the Corporate & Business Practice Group at Greenspoon Marder LLP. Mr. Marshall focuses his practice on corporate and commercial transactions. He has experience representing companies ranging from start-ups to multi-national corporations.

 

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.

Click Here to Visit the Website

BRASILIA (Reuters) – New measures unveiled by the Brazilian government on Wednesday allowing employees to access cash from worker guarantee funds will be worth 0.35 percentage points to gross domestic product over the next 12 months, the Economy Ministry said on Wednesday.

Freeing up 42 billion reais ($10.6 billion) from the “FGTS” severance fund and more cash from the social contribution fund known as “PIS/Pasep” will also create 3 million jobs and increase GDP per capita by 2.5 percentage points over 10 years, the Ministry added.

 

By Marcela Ayres and Lisandra Paraguassu via Reuters

 

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Brazilian oil giant Petroleo Brasileiro SA sold down a majority stake in its fuel distribution unit, effectively ending government control over the biggest player in the industry as part of a drive to privatize state-run assets and stoke competition.

The Rio de Janeiro-based energy producer raised 8.6 billion reais ($2.27 billion) selling shares in Petrobras Distribuidora SA, reducing its position to 41% from 71%, according to a regulatory filing. It’s Latin America’s biggest equity offering this year, topping the $1.98 billion sale of shares in reinsurer IRB Brasil Resseguros SA earlier this month.

 

By Sabrina Valle, Vinicius Andrade and Felipe Marques via Bloomberg

 

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The Brazilian trade balance registered a surplus of US $ 409 million in the third week of July, according to a survey released on Monday (22) by the Ministry of Economy. The positive balance is the result of US $ 4.829 billion in exports and US $ 4.420 billion in imports, according to data from the Foreign Trade Secretariat.

In the month, exports total US $ 13.550 billion and imports reach US $ 11.367 billion, with a positive balance of US $ 2.182 billion. Year-to-date exports totaled $ 123.392 billion, with imports of $ 95.134 billion and a positive balance of $ 28.258 billion.

 

Via DATAGRO

 

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O governador Carlos Massa Ratinho Junior apresentou nesta quarta-feira (17) oportunidades que o Estado oferece a um grupo de executivos de corporações internacionais que mantêm investimentos globais. A apresentação foi na Câmara de Comércio Brasil-EUA, em Nova York, que recebeu a terceira edição do Paraná Day.

Durante a abertura do evento, na principal palestra do Paraná Day, Ratinho Junior falou de concessões na área de infraestrutura, principalmente de rodovias, ferrovias e aeroportos, e também de Parcerias Público-Privadas (PPPs) em setores como turismo, segurança e saúde. Além disso, ressaltou o ambiente propício para negócios que tornam o Paraná um Estado atrativo.

 

Via Agência de Notícias do Paraná

 

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Delivering mail in Rio de Janeiro’s slums – or ‘favelas’ as they are known in Brazil – is harder than one can imagine. They are informal neighborhoods that the government has never mapped. But a group of entrepreneurs found an ingenious solution to provide this key basic service.

Located in Rio de Janeiro’s south zone, Rocinha is considered Brazil’s biggest favela, with a population of around 70,000 people, but it could be much higher, depending on who did the counting.

 

By Lucrecia Franco via CGTN America

 

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BOGOTÁ, Colombia , July 18, 2019 /CNW/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the Ministry of Mines and Energy of Brazil has authorized the transfer of a 10% stake in the Saturno block, located in the Santos basin, to its subsidiary, Ecopetrol Óleo e Gas Brasil. Previously, this percentage was equally held by Shell Brasil Petróleo Ltda and Chevron Brasil Óleo e Gas Ltda.

Renewables (excluding hydropower) are expected to reach 60.8GW capacity in 2030 registering a compound annual growth rate (CAGR) of 5.4%, according to analysts GlobalData.

The company’s latest report ‘Brazil Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’ reveals that, installed renewable capacity in Brazil increased from 2.9 Gigawatt (GW) in 2000 to 31.1GW in 2018, at a CAGR of 14%.

 

By Global Data Energy via Power Technology

 

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GUELPH, OntarioJuly 17, 2019 /PRNewswire/ — Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (CSIQ), one of the world’s largest solar power companies, today announced it has been awarded a 51.1 MWp solar photovoltaic (PV) project in the Sixth Brazilian Federal Energy Auction (A-4) held on June 28, 2019.

Canadian Solar will develop and build the project located in the State of Minas Gerais. Construction of the solar project will start in early 2021 and it is expected to reach commercial operation before January 2023.

Via Yahoo Finance

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SAO PAULO (Reuters) – Brazil and India are expected to sign a memorandum of understanding on production and trade of ethanol when leaders of the two countries meet in Brasilia later this year, an industry group said on Tuesday.

According to UDOP, a Brazilian association of sugar and ethanol producers, the suggestion to discuss a partnership on ethanol came from the Indian government, which has a target to gradually increase blending of ethanol to gasoline to up to 20%.

By Marcelo Teixeira via Yahoo Finance

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SAO PAULO, July 15 (Reuters) – Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say.

Brazil’s Cosan SA and Spain’s Naturgy Energy Group SA, are among the companies potentially interested in the segment, which also include Portugal’s Galp , France’s Engie and Spain’s Repsol , consultants, lawyers and other experts said.

By Luciano Costa via Yahoo Finance

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Brazil, the biggest soybean exporter, is strengthening its lead against the U.S. after trading giants spent billions of dollars on building new terminals and developing routes to ports in the north through the Amazon region.

“Brazil’s northern ports are allowing the country to export big volumes of grain without the historical loading delays or vessel queues,” said Sergio Mendes, general director at the grain-export group Anec. “Traders are shipping through the north the same soybean volumes they usually export from Santos, Latin America’s largest port,” in the south, he said. “This is a huge conquest.”

 

By Tatiana Freitas via Bloomberg

 

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Brazilian stocks have extended their year-to-date gain to about 20% on renewed optimism that Latin America’s largest economy will finally overhaul its heavily indebted social security system. But the rally that has pushed the market to record highs still may have some juice left.

The benchmark Ibovespa index may climb 11% from current levels to about 115,000 by the end of 2019, according to the average forecast of 10 strategists surveyed by Bloomberg. Their targets range from 105,000 to 123,000, implying an increase of as much as 18%. That would mark the fourth year of double-digit gains for Brazilian stocks.

 

By Vinicius Andrade via Bloomberg

 

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In Brazil, the state of Bahia has launched a blockchain application to track the process of public bidding on government contracts, according to a report by Cointelegraph Brazil on July 12.

The blockchain-based solution, called Online Bid Solution (SOL), was reportedly developed by Cayenne Technology and Design. Bids will reportedly be completely transparent and secure due with the application of blockchain tech.

 

By Max Boddy via Cointelegraph

 

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SAO PAULO, July 11 (Reuters) – Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering that raised 2.5 billion reais ($665.57 million), the company said in a securities filing on Friday.

The offering will increase Light’s capital stock to 4.1 billion reais ($1.1 billion), and the company will use proceeds from the sale to reduce debt, it said.

By Carolina Mandl via Yahoo Finance

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Latin America’s largest e-commerce retailer is optimistic that economic growth is set to pick up in Brazil, its biggest market.

MercadoLibre Inc. expects a turnaround in the country, Chief Executive Officer Marcos Galperin said in an interview with Bloomberg Television, rejecting the views of economists who have slashed their forecasts for the region’s biggest economy. The retailer’s profitability was hurt last year after postal service Correios hiked freight fees, adding to woes caused by a trucker strike that paralyzed the country for 10 days.

 

By Carolina Millan and Paul T. Sweeney

 

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Coffee farmers in Brazil’s countryside could be soon be using cryptocurrency for their day-to-day needs.

A major arabica-bean cooperative, Minasul, is planning to this month launch a blockchain-based digital coin that will be backed by coffee supplies. Farmer members will be able to use the “coffeecoin” to buy fertilizer, machinery and other non-farm products, including cars and food, Jose Marcos Magalhaes, Minasul’s president, said in an interview during the Global Coffee Forum in Campinas, Sao Paulo state.

 

By Fabiana Batista via Bloomberg

 

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Brazil is on a tear lately. Its Bovespa Index is the beating all of the emerging markets. It’s besting China. It’s besting Trump’s super-duper stock market here at home. It’s all thanks to a once unpopular pension reform bill, which saw tens of thousands rally late last month in support of the new president’s push to overhaul Brazil’s teetering public pension system.

Over the last month, the iShares MSCI Brazil (EWZ) has gained 7.5% versus just 2.24% for the benchmark MSCI Emerging Markets Index. If you had put $10,000 in that Brazil ETF last Fourth of July weekend you’d have $3,700 extra for summer play money as your 12-month gain.

 

By Kenneth Rapoza via Forbes

 

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By 2028, Latin America and the Caribbean will account for more than 25% of global exports of agricultural and fishery products, according to a new report by the Food and Agriculture Organization of the United Nations (FAO) and Organization for Economic Cooperation and Development (OECD). The publication highlights the expansion of regional protagonism in the midst of the slowdown in world production and trade.

According to the Agricultural Outlook 2019-2028 survey, over the next ten years, global demand for agricultural goods is expected to increase by 15%. On average, trade in agricultural and fishery commodities is expected to rise 1.3% per year in the period under review. Despite the growth estimate, the index is lower than the 3.3% annual average for the 2009-2018 decade.

 

Via DATAGRO

 

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The Brazilian Senate has approved a proposal to add protection of data in digital platforms to the list of fundamental rights and individual citizen guarantees set out in the country’s constitution.

According to senator Simone Tebet, rapporteur of the proposal – which will now be voted by the lower house of the National Congress – the federal government should be responsible for legislation. She noted that adding the topic to the constitution demonstrates central government recognizes the importance of the topic.

 

By Angelica Mari via ZDNet

 

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The Brazilian diplomatic academy, the Rio Branco Institute, will now require that candidates have knowledge of cryptocurrencies and blockchain, Cointelegraph Brazil reported on July 8.

The Rio Branco Institute — established in 1945 and offering two advancement courses for diplomats — has published the 2019 edict for the selection of new diplomats in Brazil where it included the requirement that candidates know about blockchain and digital currencies.

 

By Ana Alexandre via Cointelegraph

 

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The agreement between Mercosur and the European Union will modernize and increase the competitiveness of Brazilian agriculture. The evaluation was made by the Minister of Agriculture, Tereza Cristina, during a press interview. At the time, she said the agreement will allow the country’s products to become more attractive and reach a market of approximately 700 million people.

“It will bring to Brazil a quest for more quality and competitiveness to access this market, which is a market accessed by countries such as Canada, Korea. Brazil will be on an equal footing,” said the minister.

 

Via DATAGRO

 

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The announcement of the closure of the Mercosur-European Union agreement will provoke the emergence of a “negotiating appetite” from other nations in favor of investments in Brazil or in association with the South American bloc, the Brazilian chancellor Ernesto Araújo, informs the “Agência Brasil”.

“We are very close to an agreement with the EFTA (Free Trade Association composed of Switzerland, Norway, Iceland and Liechtenstein) and with Canada, perhaps in the second half of 2019,” said Araújo. According to him, the closure of a Mercosur agreement with Singapore and South Korea is also close.

 

Via DATAGRO

 

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Küdos is a NYC-based fintech startup, led by entrepreneurs with ties to Brazil that offers employer-sponsored benefits for making childcare affordable to working parents. With Küdos, more kids have access to education earlier on in their lives; more parents continue working and preserve their income in the long term. Companies invest in their future by supporting the career progression of their future leaders and avoid the turnover costs. To learn more about Küdos, please visit their website.

A new world record low price for solar power generation has been achieved in Brazil, where the government’s latest renewables auction saw contracts for six solar PV projects awarded at an average of just 1.65 cents per kilowatt hour.

Brazil’s regulator Agencia Nacional de Energía Eléctrica (ANEEL) announced the latest auction results on Friday, confirming a total of 401.6MW of electricity capacity has been contracted across 15 projects with supply slated to start in January 2023. The successful bids include five hydroelectric plants, one biomass thermal facility, and three wind farms.

 

By Michael Holder via BusinessGreen

 

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In 2018, Brazil was the world’s largest exporter of beef, providing close to 20 percent of total global beef exports, outpacing India, the second-largest exporter, by 527,000 metric tons carcass weight equivalent (CWE). Moreover, USDA projects that Brazil will continue its export growth trajectory for the next decade, reaching 2.9 million metric tons, or 23 percent of the world’s total beef exports, by 2028.

Brazil has the world’s second-largest cattle herd—232 million head—and its production is largely based on grass. Increased beef demand worldwide has stimulated increased production and productivity gains. In 2018, Brazil reached its highest level of beef production at 9.9 million metric tons. According to a September 2018 report by USDA’s Foreign Agriculture Service (FAS), programs that subsidize and improve pastures and crossbreeding are primary drivers of the overall increase of cattle production in 2019 (another significant factor is improved pasture conditions in major production regions). Between 1990 and 2018, the Brazilian cattle herd expanded by 56 percent (based on estimates from the FAS Production, Supply and Distribution database). Brazil’s beef production last peaked in 2014, when it reached 9.7 million metric tons CWE. During Brazil’s 2014-16 recession, coupled with devaluation of Brazil’s national currency, the Brazilian real, beef output continued to grow, though at a slower pace, while higher local-currency denominated prices compensated for higher production expenses.

 

Via USDA

 

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SAO PAULO (Reuters) – Andre Laloni, a veteran of investment banks from Goldman Sachs & Co to UBS Group AG, seemed like an unlikely pick to become chief financial officer of Brazilian state bank Caixa Economica Federal, long a sleepy mortgage underwriter.

Yet in just a few months the 46-year-old banker has made Caixa the talk of Faria Lima Avenue, the epicenter of Sao Paulo’s dealmaking scene.

By Tatiana Bautzer and Carolina Mandl via Yahoo Finance

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After 20 years of long negotiations, Mercosur and the European Union sealed a free trade agreement between the blocs. According to information from the Ministry of Agriculture, the two sides came to an understanding on Friday (28) during a meeting held in Brussels, Belgium. In a statement, the ministry stressed that this is a historic moment.

According to MAPA, negotiations between the parties have intensified in recent days, and on the Brazilian side were led by the Minister of Agriculture, Tereza Cristina; the Minister of Foreign Affairs, Ernesto Araújo; and the special secretary of Foreign Trade and International Affairs of the Ministry of Economy, Marcos Troyjo.

 

Via DATAGRO

 

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(Bloomberg) — Brazil is making it easier for China’s teapots to buy Lula crude as it seeks to win more market share in the world’s biggest oil importer.

State-controlled Petroleo Brasileiro SA has rented offshore tanks in Qingdao in the eastern province of Shandong and delivered the first oil to them on Wednesday, Qingdao Port International said in a statement. Having local storage allows Petrobras to sell smaller volumes to the independent refineries, known as teapots, many of which are clustered in Shandong.

Via Yahoo News

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WASHINGTON- U.S. Transportation Secretary Elaine L. Chao and Brazilian Minister of Infrastructure Tarcísio Gomes de Freitas today signed a Memorandum of Cooperation (Memorandum) that will strengthen collaboration on transportation infrastructure investment strategies and on key transportation priorities in technology and innovation between the U.S. and Brazil.

“The Department is committed to strengthening our longstanding cooperative relationship with Brazil by sharing data and best practices to build safer and smarter transportation systems,” said Secretary Elaine L. Chao.

 

Via Transportation.gov

 

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U.S. pork producers will fall behind global competitors if the U.S. Food and Drug Administration continues to move forward with plans to regulate livestock gene editing as a drug. That was the message the National Pork Producers Council delivered during a media teleconference Tuesday on the current regulatory oversight of gene-edited livestock on America’s farms.

Gene editing accelerates genetic improvements that could be realized over long periods of time through breeding. It allows for simple changes in a pig’s native genetic structure without introducing genes from another species. Emerging applications include raising pigs resistant to porcine reproductive and respiratory syndrome, a highly contagious swine disease that causes significant animal suffering and costs pork producers worldwide billions of dollars.

 

By Ann Hess via National Hog Farmer

 

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The promotion of the green economy – which reconciles development, environment and poverty reduction – involves the articulation between governments, civil society and companies. This was the conclusion of the participants of the 1st Regional Ministerial Conference of the Americas on Green Economy, which closed on Wednesday (26) in Fortaleza, after two days of discussions and talks, reports Agência Brasil.

Following the closure of the discussions, the countries of Latin America and the Caribbean adopted a joint document with commitments to promote sustainable development on the continent. The final text will only be published next week, but the draft has 22 suggestions.

 

Via DATAGRO

 

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SAO PAULO, June 25 (Reuters) – Brazilian medical education group Afya SA hopes to raise at least $250 million in an initial public offering, three sources with knowledge of the matter said on Tuesday, the latest in a series of South American companies to seek U.S. listings.

The company’s shares will trade on the Nasdaq in July, the sources added, requesting anonymity because discussions of the offering’s size are still private.

 

By Carolina Mandl via Nasdaq

 

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Brazil was the standout in JPMorgan’s re-rating of Latin American equity markets as the firm raised its year-end price target for the Ibovespa index while lowering forecasts for the rest of the region.

Strategist Emy Shayo increased the 2019 target for the Brazilian benchmark to 108,000 from 105,900, implying about a 6% increase from current levels. The more optimistic projection is based on expectations that approval of social security reform will lead to more growth and lower risk. It comes as Brazil’s weaker-than-expected economic recovery has been leading to downward revisions to earnings estimates.
By Vinicius Andrade via Bloomberg

SAO PAULO (Reuters) – Brazil’s antitrust regulator wants new rules for allocating airplane landing and departure rights, known as slots, in Sao Paulo’s crowded domestic airport, saying they are too concentrated among two main airlines.

The recommendation comes as the country’s civil aviation regulator ANAC has announced it will take back the slots held by grounded airline Avianca Brasil in the airport, known as Congonhas, as part of a plan to redistribute them later.

 

By Marcelo Rochabrun and Alberto Alerigi Jr. via Reuters

 

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Mobile banking is becoming increasingly popular in Brazil, with more consumers making use of mobile banking services for the execution of daily financial transactions.

The number of transactions performed by Brazilian citizens on their mobile phones increased significantly in 2018. Compared to 2017, mobile banking use increased by 24 percent in 2018. While mobile banking is mostly used to check banking statements and balances by many people, the number of other transactions such as money transfers went up by a factor of almost 80% in Brazil. This reveals that Brazilian citizens have become more dependent on their mobile phones for the execution of their financial transactions.

 

By Ali Raza via LearnBonds

 

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The Global Compact Network Brazil is pleased to invite you to the second edition of the SDGs in Brazil – The Role of the Private Sector.

The event aims to introduce investors, business leaders, government authorities and representatives of the UN system to how Brazilian companies are contributing to the achievement of the Sustainable Development Goals (SDGs).

The SDGs in Brazil – The Role of the Private Sector will take place alongside the High-Level Forum 2019, a United Nations central platform for follow-up and review of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals.

For further information, please contact us at sdgsinbrazil@nineoclock.com.br

For registrations, please access: https://bit.ly/2Rqbnla

 

SAO PAULO (Reuters) – Beef-crazy Brazil, with its all-you-can-eat steak houses, world-leading meatpackers and more cattle than people, is not the first place you might look for plant-based alternatives to meat.

But companies from JBS SA, the largest beef producer in the world, to BRF SA, the No.1 chicken exporter, are looking to tap a wave of interest from environmentally conscious eaters seeking vegetable substitutes.

 

By Alberto Alerigi via Reuters

 

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Brazil held its benchmark interest rate at a record low and signaled it can cut borrowing costs to help a frail economy once a key austerity measure advances further in Congress.

The bank’s board, led by its President Roberto Campos Neto, on Wednesday
kept the Selic unchanged at 6.50% in a decision expected by all but one of the 39 economists in a Bloomberg survey. Officials have held borrowing costs steady for over a year.

 

By Mario Sergio Lima via Bloomberg

 

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(Bloomberg) — Brazil’s equity benchmark Ibovespa index closed above the 100,000 mark for the first time on record as dovish signals from the Federal Reserve added support to global asset prices, and potentially signaling increased odds for rate cuts in Brazil.

The index rose 0.9% to 100,303 on Wednesday, pushing gains this year to 14%.

By Vinicius Andrade via Yahoo Finance

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SAO PAULO, June 18 (Reuters) – Brazilian sugar mills are closely watching the 2019 U.S. corn crop for reduced harvests that could boost prices for the cereal, raising ethanol production costs there and opening room for Brazilian ethanol to gain domestic market share.

In that scenario, ethanol demand in Brazil would likely rise further, experts say, leading mills to maintain current production mix that heavily favors ethanol at the expense of sugar.

 

By Marcelo Teixeira via Reuters

 

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BRASILIA (Reuters) – Brazilian President Jair Bolsonaro on Monday signed a bill into law allowing foreign airlines to operate domestic flights in Latin America’s largest air market, a move that could usher in new competition or lead foreign carriers to buy up the local players.

The bill had started as an executive order issued by former President Michel Temer in the last days of his tenure in late 2018. Brazil’s Congress made the measure permanent last month, but included some changes that required a presidential signature.

By Ricardo Brito via Yahoo News

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Blockchain software consortium R3 revealed that it is developing a blockchain platform in Brazilwith banks Bradesco, Itau and B3, Cointelegraph Brazil reported on June 12.

The R3 Consortium — which is composed of large banks and technology companies — announced during the CIAB Febraban event in São Paulo that it is currently collaborating with Brazilian banks.

 

By Adrian Zmudzinski via Cointelegraph

[SÃO PAULO] Measuring the height of Brazil’s towering rainforests can be a tall order. But an international team of researchers say they are working together to turn unmanned aerial vehicles (UAVs), or drones, into efficient, low-cost data collectors that can monitor the progress of forest restoration.

The team developed a drone equipped with three-dimensional laser scanning and hyperspectral imaging systems capable of producing high-resolution maps and collecting hundreds of images at different wavelengths for a given area.

 

By Rodrigo de Oliveira Andrade via SciDev.Net

 

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BRASILIA, June 13 (Reuters) – Services activity in Brazil rebounded in April from a sharp fall in the previous month, government statistics agency IBGE said on Thursday, marking the first rise this year, although growth was slower than economists had expected.

Activity also shrank more than forecast on an annual basis, suggesting the economy started the second quarter on a weak note, having contracted in the first quarter for the first time in more than two years.

 

By Jamie McGeever via Reuters

 

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The impacts associated with the Agricultural Zero Risk of Climate (Zarc), created by Embrapa, brought about an economy of about R $ 16.8 billion for Brazilian agribusiness last year. The estimate was calculated for Embrapa’s Social Balance Sheet 2018 and is equivalent, mainly, to losses that the Country no longer suffer from crop losses and the consequent securitizations that would provoke them. According to the Balance Sheet methodology, the work of Embrapa is responsible for 40% of these results, which is equivalent to approximately R $ 6.7 billion.

This is because, based on historical climatic data, the Zarc indicates the dates of planting in which there is less risk of crop frustration caused by adverse environmental conditions, that is, it guides the producer and the financing agent about the times and regions most suitable for planting, generating greater safety.

 

By DATAGRO

 

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PARIS (Reuters) – French energy group Total said it had launched the second phase of development for the Mero project off the coast of Brazil, along with its partners, as the deep offshore oil project moves closer to getting off the ground.

“The decision to launch Mero 2 comes as a new milestone in this large-scale project that will develop the giant oil resources of the Mero field, estimated at 3 to 4 billion barrels,” said Arnaud Breuillac, Total’s head of exploration and production.

 

By Sudip Kar-Gupta and Bate Felix via Reuters

 

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The capacity of agricultural inventories in Brazil registered growth of 0.3% in the second half of 2018, reaching 169.5 million tons, according to data released on Tuesday (11), by the Brazilian Institute of Geography and Statistics (IBGE).

According to a survey conducted by IBGE, Mato Grosso has the largest storage capacity, with 39.8 million tons. The stock of agricultural products totaled 24.2 million tons, a reduction of 5.0 million tons compared to the 29.2 million tons stored in the second half of 2017.

 

Via DATAGRO

 

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BRASILIA (Reuters) – Three more foreign airlines are in talks with the Brazilian government to start domestic flight operations in the country, Brazil’s infrastructure minister Tarcisio Gomes de Freitas told reporters on Monday.

He declined to name the companies involved. “These companies are publicly traded, there are competition issues, we cannot announce them yet”, he said.

 

By Lisandra Paraguassu via Reuters

 

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Blockchain payments company Ripple has launched in Brazil as the first stage of its planned expansion across South America.

For the effort, Ripple has hired veteran fintech entrepreneur and executive Luiz Antonio Sacco as managing director to drive strategy and help develop Ripple’s business in the region, according to a press release issued Tuesday. Sacco’s LinkedIn profile indicates he has been at Ripple since March 2019.

 

By Daniel Palmer via Coindesk

 

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Rodrigo de Freitas Silva’s coffee farm in the heart of Brazil is flourishing, even during one of the worst price routs in decades.

Over the past dozen years, the 41-year-old has expanded his growing area to 220 hectares (544 acres) from 12.5 hectares, with yields doubling. His whole farm is mechanized, and 90% is irrigated. Most important, even as coffee prices globally trade near the lowest in 13 years, Silva is profitable and expects to increase production with potentially higher yields on more land.

 

By Fabiana Batista via Bloomberg

 

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BRASILIA (Reuters) – Brazil’s Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras.

Also on Thursday, Supreme Court Justice Edson Fachin, who ruled in May to suspend the $8.6 billion sale of Petrobras’ TAG pipeline unit to France’s Engie SA, reversed his decision in light of the full court’s ruling, allowing Petroleo Brasileiro SA, as the firm is formally known, to go ahead with the divestment.

 

By Ricardo Brito via Reuters

 

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The EU and the South American trade bloc Mercosur are very close to finalizing their bilateral trade agreement, the presidents of Brazil and Argentina said Thursday.

“We’re on the verge of signing an agreement between Mercosur and the European Union,” Brazilian President Jair Bolsonaro said during a press conference with his Argentine counterpart Mauricio Macri in Buenos Aires. “We are all going to win with this: Argentina, Brazil and the other countries of this bloc, [Paraguay and Uruguay],” he added.

 

By Hans von der Burchard via Politico

 

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Brazil will form a working group with China to address issues related to science, technology and innovation in the field. The matter was discussed during a meeting of the Sino-Brazilian High Level Cooperation Commission (Cosban).

The Secretary of Innovation, Rural Development and Irrigation of the Ministry of Agriculture, Livestock and Supply, Fernando Camargo, represented Brazil in the sector subcommittee on agriculture during Cosban. According to him, Brazil and China have complementary characteristics, and have much to cooperate.

 

Via DATAGRO

 

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SAO PAULO, June 5 (Reuters) – Mexican importers, who usually buy their corn from the United States, have booked a 35,000-tonne corn cargo from Brazil, amid a trade spat between Washington and Mexico City.

Brazilian broker and consultancy INTL FCStone said on Wednesday the cargo would be loaded at the northern port of Santarém and scheduled to depart on June 22, according to port line-up data.

 

By Roberto Samora via Successful Farming

 

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SAO PAULO (Reuters) – Brazilian electronics and appliance retailer Via Varejo launched a digital bank targeting low-income clients in partnership with Boston-based startup Airfox, according to a filing on Wednesday.

The move will take Via Varejo beyond its current role in Brazil as a brick-and-mortar and online seller of goods, challenging its competitors in Latin America’s largest economy, where App-based wallets are an increasing trend among fintechs and traditional banks.

 

By Gabriela Mello via WSAU

 

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SAO PAULO: Brazilian telecom Oi SA added more post-paid mobile clients in May than in April, commercial director Bernardo Winik said on Tuesday, as the company expanded its 4.5G coverage in Latin America’s largest economy.

“April was better than the first quarter and May was better than April,” he said at a press conference in Sao Paulo, adding that investments in 4.5G coverage prepare the network for the future generation 5G.

By Gabriela Mello via CNA

 

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BRASILIA/SAO PAULO (Reuters) – The Brazilian government on Tuesday paved the way for ethanol makers to sell the fuel directly to gas stations, by passing a resolution to boost fuel industry competition, although additional legislation is required to bypass fuel distributors.

The resolution by CNPE, the energy policy council, includes the option for direct sales by mills. Brazil’s Economy Ministry would have to issue tax-related regulation within 180 days for the change to take effect.

 

By Marcela Ayres and Marcelo Teixeira

 

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Alibaba (BABA) is launching its cloud computing service in Brazil, according to a report from Xinhua news agency. In Brazil, Alibaba is targeting Chinese companies operating in the country. Alibaba has identified a local partner known as UOL Diveo that will resell its cloud services in Brazil.

According to a report released by IDC in February this year, Brazil is the fastest-growing cloud market in South America. With that in mind, Alibaba is entering a market with huge growth potential for its cloud business.

 

By Naomi Gray via Market Realist

 

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Betting on Brazil’s central bank to further slash the benchmark interest rate is the best way to make money in the nation’s assets right now, according to hedge fund Truxt Investimentos.

“With inflation under control and slow growth, our preferred trade right now is to receive rates in Brazil,” said Mariana Guarino, a portfolio manager at Truxt, which has 10.6 billion reais ($2.7 billion) in assets under management. “Once pension reform is approved, the tail risk of a quick fiscal deterioration will be removed, so Brazil’s central bank will have room to cut rates.”

 

By Vinicius Andrade via Bloomberg

 

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Financial services giant Santander has announced plans to hire 400 technology staff into its Brazilian business.

The plan is part of a $2 billion investment plan to drive digital transformation across the Spanish bank’s operations globally. Brazil represents 30 percent of that budget, according to the company.

 

By Angelica Mari via ZD Net

 

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The President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country, Cointelegraph Brasil reported on May 31.

The Chamber of Deputies of Brazil is a federal legislative body and the lower house of the National Congress of Brazil, and consists of representatives of the states elected every four years. The Chamber discusses and approves proposals for economic and social areas such as educationhealth, transport, and housing.

 

By Ana Alexandre via Cointelegraph

 

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PASADENA, Calif., May 31, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Brazil Minerals, Inc. (BMIX) (the “Company” or “Brazil Minerals”) announced today that it has obtained the rights to an iron project area with 4,120 acres in the “Quadrilátero Ferrífero” (Iron Quadrangle), one of the premier iron regions in the world with multiple operating mines. Iron ore is in high demand with strong sales of Brazilian iron ore for export (mainly to China) or for use by local steelmakers. Recently, the price of iron delivered at a foreign port spiked to US$109 per ton, the highest since 2013.

 

By GlobeNewswire via Yahoo Finance

 

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The Brazilian state of Minas Gerais – the site of two recent disastrous tailings dams disasters – has inked a Memorandum of Understanding with technology firm Inmarsat providing to provide smart monitoring for the dams.

Inmarsat and the Brazilian state will explore several options to “achieve improved awareness and transparency of the tailings dams in the region,” which may lead to Inmarsat providing Internet of Things technology to the local government for dam monitoring.

 

By Jax Jacobsen via Forbes

 

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Brazilian Foreign Minister Ernesto Araújo said on Wednesday (29), in an audience in the House of Representatives Committee on Agriculture, that the government’s objective is to increase Brazilian agricultural participation in world trade from 7% to 10% in two years, informs the “Chamber Agency”.

In the assessment of the chancellor, the trade war between China and the United States can bring opportunities for Brazilian agribusiness. In his presentation, the minister pointed out that there is an effort by Itamaraty to counter what he called “misinformation” published by the international press about the environmental sustainability of Brazilian agribusiness.

 

By DATAGRO

 

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Brazil-based exchange broker Frente Corretora de Câmbio (The Front Exchange) has launched its fintech collaboration with San Francisco-based startup Ripple. The new blockchain platform, Simple, is designed to allow people in Brazil to send money abroad without the high fees and the slow transaction times that are common among traditional payment rails.

The team behind Simple aims to deliver a robust cross-border remittance solution for everyday Brazilians, such as families  with students abroad who are studying and need to receive money to cover basic living expenses.

 

By The Daily Hodl

 

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SAO PAULO (Reuters) – The builders of a new power transmission line to the northern Brazilian state of Roraima have pledged to deploy 200 inspectors to reduce the environmental impact on an indigenous reservation where they will erect 250 pylons, according to an environmental assessment document seen by Reuters.

It said they also had committed to keeping secret any geological information on the discovery of mineral resources to avoid drawing illegal mining interests that have long set their sights on the land of the Waimiri Atroari tribe.

 

By Luciano Costa via Reuters

 

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Luiz Cláudio de França, director of the Department of Innovation Support for Agriculture of the Ministry of Agriculture, Livestock and Supply (MPLS), met last Friday (24), during the 8th Green Rio Conference in Rio de Janeiro, with representatives of the State Secretariat of Agriculture, Livestock, Fisheries and Food Supply (Seappa-RJ), the Agricultural Research Company of Rio de Janeiro (Pesagro-Rio), and Embrapa Solos, to discuss the implantation of an agricultural innovation pole in Rio de Janeiro.

The idea is to join public agencies related to agriculture, science and technology, universities and private initiative in search of regional agribusiness development and also the dissemination of knowledge to benefit agriculture in other regions of the country.

 

By DATAGRO

 

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OSLO (Reuters) – Oslo-listed BW Offshore said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.

Shares in BW Offshore, originally an owner of floating production, storage and offloading (FPSO) vessels operated on behalf of oil companies, were 17.6% higher at 60.6 Norwegian crowns by 0901 GMT on Thursday.

 

By Terje Solsvik and Victoria Klesty via Reuters

 

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Fiat Chrysler Automobiles is bringing new models to Brazil and expanding production at two local factories as part of a 16 billion reais ($4 billion) plan to regain lost market share in Latin America’s biggest economy, CEO Mike Manley said.

FCA increased its investment plan for Latin America by 2 billion reais through 2024, though it extended the time frame of outlays first announced in June by a year.

 

By Gabrielle Coppola, Vinicius Andrade and Leonardo Lara via Automotive News Europe

 

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BRASILIA (Reuters) – Brazil’s lower house of Congress voted on Tuesday to allow foreign-controlled airlines to operate domestic flights in Latin America’s largest economy, opening the door to more competition in an increasingly concentrated market.

The chamber approved the original text of a decree issued by former President Michel Temer in December that removed the 20% limit on foreign ownership of Brazilian airlines.

 

By Maria Carolina Marcello and Anthony Boadle

 

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In the southeast region of the country of Brazil lies Guanabara Bay, off the coast of the major metropolis of Rio de Janeiro. It is the second largest bay in Brazil, but other than that there is nothing particularly special about it other than perhaps the large amount of pollution here. However, lying approximately 15 miles offshore, buried down in 100 feet of water across an area around the size of three tennis courts is a rather strange oddity. Here scattered along the bottom are various relics from ancient Rome, far from where they have any business being, and which have remained a baffling historical anomaly and conundrum that remains unsolved.

 

By Brent Swancer via Mysterious Universe

 

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As South America’s largest country, Brazil has the potential to be an economic powerhouse. But over time, political turmoil, largely as a result of corruption, has marred the economic landscape.

Still, despite the political upheaval in recent years, the country’s startup scene has seen some serious acceleration, reflecting a general trend we’re seeing in Latin America as a whole.

 

By Mary Ann Azevedo via CrunchBase News

 

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If it’s going to conquer the world one foreign market at a time, Uber has considerable work to do in Latin America. Populous cities with iffy public transit portend big business, but the competition there is fierce and well-funded, with local taxi operators plus Chinese giant DiDi and its subsidiary 99, and the Daimler-backed scrappy Greek upstart Beat. Now the newly public company could get a boost in its driver rosters in Brazil, thanks to a partnership between backseat mini-convenience store Cargo and the local ampm operator Ipiranga.

 

By Julia Walmsley via Forbes

 

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SAO PAULO (Reuters) – Spanish tourism and transportation company Grupo Globalia will launch a new air carrier in Brazil, Brazilian Infrastructure Minister Tarcísio Gomes de Freitas said in a message posted on Twitter on Saturday.

Globalia owns the Air Europa carrier and companies in the tourism sector, including hotel operators and travel services such as Travelplan and Groundforce.

 

By Marcelo Teixeira and Roberto Samora via Reuters

 

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Minister Tereza Cristina (Agriculture, Livestock and Supply) launches this week the program Bioeconomia Brasil – Sociobiodiversidade. The objective of the program is to promote the structuring of productive systems based on the sustainable use of products of biodiversity and extractivism.

The launch will take place during the first day of programming at Green Rio 2019, a business fair for organic and sustainable entrepreneurs. The eighth edition of the event will be held from next Thursday (23) until Saturday (25) at Marina da Glória, Rio de Janeiro.

 

Via DATAGRO

 

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Brazil’s move towards cryptocurrency regulation took a step closer this month as the government in Brasilia agreed and published ‘instruction 1888’.

The instruction passes new rules that come into force on August 1, meaning that individuals, legal entities and brokerage firms that carry out operations with crypto will have to inform the treasury of every detail of their transactions.

By Gabriel Quintanilha via Yahoo Finance

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 49th Person of the Year Awards Gala Dinner
 Tuesday, May 14, 2019
 New York Marriott Marquis
 Opening Reception: 6:30pm / Gala Dinner: 8:00pm
 New York City
Dear Sponsors and Guests,
The Brazilian-American Chamber of Commerce hereby ratifies that the 2019 Person of the Year Gala will take place as scheduled, on May 14th at the Marriott Marquis in New York.
The Chamber will be celebrating its 50th year of promoting trade, investment and cultural ties between Brazil and the United States. During the Gala, the Chamber will award Instituto Brasil Solidário for their contributions to Social Responsibility and Neoway for their leadership in Digital Innovation.
Cordially,
Awards Committee
Brazilian-American Chamber of Commerce, Inc.

Brazilians have embraced mobile banking as their preferred means to handle their banking affairs as the channel accounted for nearly half of all transactions carried out last year, according to a new report.

The latest research on banking technology trends carried out by Deloitte on behalf of the Brazilian Banking Federation (FEBRABAN) also shows that the number of transactions overall, so any interaction involving a financial element or not, has seen an increase of 24 percent in 2018 in relation to the prior year.

 

By Angelica Mari via ZD Net

 

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The state of Paraná will have the first energy plant in Brazil generated from “waste” – that is, a combination of organic waste and sewage sludge. The plant will use biodigestion technology: from this input, it will produce biogas which, in its turn, will be converted into electric power.

The project aims to reuse 1,000 cubic meters of sewage sludge and 300 tons of organic waste daily – a volume which would be disposed into the environment. It’s also planned to convert organic waste into biofertilizers and recycle waste plastic to produce bags.

 

Via Bluevision Braskem

 

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In partnership with seven agricultural machinery manufacturers, the Brazilian Association of Machinery and Equipment Industry (Abimaq) presented the latest Agrishow the Farmer Collaborative Database (BDCA).

According to the partners, this is a digital platform that aims to store – in an independent environment – data collected from machines, implements, sensors, among other devices and equipment, used in the field, for later consultation.

 

Via DATAGRO

 

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The veteran emerging-market investor Mark Mobius said he plans to add to his Brazil holdings, lauding the first few months of President Jair Bolsonaro’s administration even as other investors have shown skepticism.

Mobius, who left Franklin Templeton Investments in 2018 to set up Mobius Capital Partners, said the president’s performance has been “terrific” as he works to push through a pension overhaul that analysts see as key to revitalizing Brazil’s economy. He expects the bill to pass this year and predicted more money will flow into Brazil as the agenda takes hold.

By Vinicius Andrade via Bloomberg

 

 

 

SAO PAULO (Reuters) – Brazilian healthcare provider Hapvida Participacoes e Investimentos SA will look for more acquisitions in the near future after agreeing to acquire rival group Sao Francisco Saude for 5 billion reais ($1.26 billion), Chief Executive Officer Jorge Pinheiro told reporters on Tuesday.

The deal will enable Hapvida to expand to Brazil’s southeastern, southern and center-west regions, from its current focus only on the north and northeastern regions.

 

By Carolina Mandl via Reuters

 

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HOUSTON (Reuters) – Brazil expects to collect at least $47 billion in signing bonuses this year from three upcoming offshore oil auctions set for October and November, an official said on Monday.

An Oct. 27 sale of production rights in Brazil’s so-called transfer-of-rights area – one of the world’s most promising offshore oil areas off the coast of southeastern Brazil – could draw $27 billion (106 billion reais) in signing bonuses, said Marcio Felix, executive secretary for oil, gas and biofuel at Brazil’s Ministry of Mines and Energy, at a Houston energy conference.

 

By Collin Eaton via Reuters

 

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The president of the National Bank for Economic and Social Development (BNDES), Joaquim Levy, said on Monday (06) that Brazil has enormous opportunities for the application of technologies in mobility that allow for lower carbon emissions and increasing use of energy efficiency, reports Agência Brasil. For him, public policies that stimulate the development and application of these technologies, as well as the production of low-carbon fuels, are fundamental for growth and have a high benefit for society.

“The future of mobility goes through different paths such as the use of public or individual transport, zoning determining routes for greater or lesser distance, as well as the choice of different modalities for the transportation of cargo,” Levy said at the opening of the seminar Future of Mobility – More Energy Efficiency and Less Environmental Impact, promoted by the BNDES, at the institution’s headquarters, in downtown Rio.

 

Via DATAGRO

 

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Online firm Grupo Zap is chasing a billion-dollar opportunity by introducing the instant home buyer (i-buyer) model in Brazil, with plans to nearly double its workforce and enhance data analytics capabilities to support the new business.

With Grupo Globo, one of Latin America’s largest media conglomerates as a majority shareholder and the likes of Monashees and Kaszek Ventures as backers, Zap owns the two largest real estate marketplaces in Brazil and provides a range of data-driven services to the industry.

 

By Angelica Mari via Forbes

 

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Flying to South America from the U.S. often means an overnight flight and multiple stops.  In other words — no sleep.

LATAM Airlines Group, Latin America’s biggest airline, is aiming to change that and, in the process, attract more U.S. visitors to Latin America.  Along with more flights, the airline also is adding more comfortable seats.

 

By Barbara Redding via Travel Weekly

 

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May 2 (Renewables Now) – Spanish energy company Iberdrola (BME:IBE) informed on Tuesday that shareholders of its Brazilian unit Neoenergia SA had voted to approve the company’s initial public offering (IPO) of shares.

Iberdrola, which holds a 52.45% stake in Neoenergia, said ahead of the vote this Monday that the listing would take place in the first half of the year.

 

Via Renewables Now

 

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Rio de Janeiro — Brazil’s Petrobras plans to sell eight refineries, accounting for nearly half the country’s refining capacity, amid an aggressive move by the company’s new management to ramp up asset sales and open the domestic refined product market.

 

“The new directives for asset sales, with a focus on the refining and distribution segments that includes the full sale of PUDSA, a service-station network in Uruguay; eight refineries totaling 1.1 million b/d of refining capacity; and the sale of an additional stake in Petrobras Distribuidora, or BR,” the company said in a filing made with stock regulators Friday.

 

By Jeff Fick via S&P Global Platts

 

Read full article here

SAO PAULO (Reuters) – China’s Huawei Technologies Co Ltd on Tuesday launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.

 

“We are in a very different market share position than we were five years ago and we’re seeing tremendous brand momentum,” Ketrina Dunagan, Huawei’s vice president of marketing for the Americas, said in an interview on the sidelines of the launch event in Sao Paulo.

 

By Gabriela Mello via Reuters

 

Read full article here

Brazil has taken another step towards further developing its financial services ecosystem by approving the implementation of open banking.

The country’s central bank has also approved and issued guidelines to be considered while the model is implemented.

 

By Angelica Mari via ZD Net

 

Read full article here

Embrapa has made available the updated version of its Social Balance Sheet. It is a publication that focuses on the use and adoption of the technological solutions generated by the Company and its impacts on society. The balance is made for the 22nd consecutive year.

Of the total results delivered by the Company, throughout its history, 165 technological solutions were evaluated in 2018 and the economic impacts it generates form the so-called “social profit”. The results of the Embrapa Social Report show that Embrapa has a social return of R $ 43.5 billion.

 

Via DATAGRO

 

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RIO DE JANEIRO, BRAZIL – International private companies have increased their investment in Brazil’s power sector over the last three years even as the country’s cash-strapped state-controlled companies have cut back, a Reuters survey of power companies shows.

 

Eight out of 11 large foreign private firms operating in Brazil boosted investments in the power sector from 2016 to 2018, some of them by more than 200 percent, the poll showed.

 

Via The Rio Times

 

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Singapore — Malaysia’s Petronas said Friday it bought a 50% equity stake in deepwater concessions in the Campos Basin in offshore Brazil from Petroleo Brasileiro S.A. or Petrobras.

 

The deal represents Petronas’ efforts to boost its upstream reserves and production, growing cash flows and shrinking domestic output. A price was not disclosed.

 

By Eric Yep via S&P Global Platts

 

Read full article here

SAO PAULO (Reuters) – Brazilian supermarket chain Grupo Pão de Açúcar SA on Wednesday posted first-quarter sales up 12 percent from a year ago, closing the gap on Carrefour Brasil, the market leader in Latin America’s largest economy.

GPA, which is owned by France’s Casino Guichard Perrachon SA, reported gross revenues of 13.8 billion reais ($3.46 billion), driven by gains in its wholesale division, Assaí.

 

By Gabriela Mello via Reuters

 

Read full article here

RIO DE JANEIRO, BRAZIL – Top consultants McKinsey and “Brazil at Silicon Valley” have produced a report that aims to shed light on Brazil’s digital development. And the result seems clear to the authors: Brazil has the potential to become the next big thing in the digital revolution.

 

Mauro Mantica from the famous Bocconi University in Milan is also convinced of the digital potential of Brazil.

 

Via The Rio Times

 

Read full article here

SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza on Tuesday announced it would start selling physical books online for pickup in its chain comprised of almost 1,000 stores, using its national footprint to compete with traditional booksellers and Amazon.com Inc.

Brazil’s more established booksellers are facing financial headwinds, leading Saraiva Livreiros SA and Livraria Cultura to file for bankruptcy protection last year.

 

By Gabriela Mello and Alberto Alerigi Jr.

 

Read full article here

 

SAO PAULO, April 23 (Reuters) – U.S. agricultural machine maker AGCO Corp said on Tuesday it would launch its flagship Fendt line of equipment in Brazil later this year, targeting large soybean farmers in the vast center-west region.

AGCO will first bring the German-made line of Fendt Vario high-power tractors to Brazil’s grain heartland, the company’s South America chief Luís Felli said at a presentation in Sao Paulo.

By Marcelo Teixeira via Yahoo! Finance

Read full article here

RIO DE JANEIRO, BRAZIL – The man in charge of Brazilian sugar giant Cosan Ltd. has little interest in talking about the sweetener. These days, he’s all about railways, writes Bloomberg in its latest report. Cosan is controlled by 69-year-old Rubens Ometto, one of the sixty most powerful men in Brazil.

 

The business that gave life to Cosan — the world’s biggest sugar-cane operation — has been stuck in the doldrums following years of depressed global prices and government policies that curbed the expansion of cane ethanol in Brazil. In stark contrast, the commodity powerhouse is ready to invest “tens of billions” in a plan that will reshape how the nation’s crops get transported, Chief Executive Officer Marcos Lutz said.

 

Via The Rio Times

 

Read full article here

Brazil’s coastline of some 3,000 nautical miles includes several large cities in a layout that makes Brazil the ideal location to develop, manufacture and operate maritime transportation technology that could also have international market potential.

While Russia is internationally recognized in high-speed maritime transportation technology courtesy of their construction and demonstration of the Caspian Sea Monster ground-effect plane, Russia is also at a disadvantage in terms of testing, demonstrating, domestically operating and improving a commercial version of such technology. Much of Russia’s population lives at western inland locations and not along Russia’s coast. A mega-size commercial freight transport ground effect vehicle might optimally be developed in a nation with an extensive coastline that includes multiple large cities spread along that coastline. The vehicle needs to be proven in domestic coastal transportation service.

 

By Harry Valentine via The Maritime Executive

 

Read full article here

RIO DE JANEIRO, BRAZIL – Common parts in science fiction films and cartoons, flying cars are becoming closer to reality. Brazil wants to lead the development of this segment in the world, according to executives from Embraer’s Atech subsidiary, present at the 12th LAAD Defense & Security.

“We are already anticipating, preparing a vision and a concept of how we will be able to see the future of the future. It will be air traffic. This is what our project will be”, stated Marcos Resende, director of technology at Atech.

 

By Xiu Ying via The Rio Times

 

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The Brazilian government has launched a tender to find projects based on emerging technologies as the latest stage of a project aimed at bridging the business and academic worlds.

The program, dubbed TechD, is a public-private partnership with funding of 18 million reais ($4.6 million). The latest stage of the program is looking for startups, incubated projects, IT companies or consortiums and research groups focused on emerging technologies to participate.

 

By Angelica Mari via ZD Net

 

Read full article here

Investment worth $621 million will be provided by BRICS New Development Bank (NDB) to Brazil, according to the Institute for Applied Economic Research (Ipea).

It said the bank has approved Brazilian projects on renewable energy, road building, railway construction, sanitation, telecommunications and an oil refinery. NDB has also plans to launch its Americas Regional Office in Brazil.

 

Via RT

 

Read full article here

We are pleased to announce that Jack will be speaking in the upcoming GRC Educators live webinar, “FIRPTA Tax Planning And Compliance After Tax Reform” scheduled for Monday, April 22, 2019 at 12:00pm EST.

 

The program will provide participants with the U.S. federal income, estate, and gift tax implications and planning techniques to properly advise their foreign investor clients on how to best structure their U.S. real property investments under the new tax rules of the Tax Cuts and Jobs Act.

 

Advising foreign real property investors requires tax and other professionals involved with foreign real property investors to understand the U.S. tax reporting and withholding requirements to best advice their clients and provide investment structuring options.

 

The new tax law did not change the existing liability and withholding requirements on the disposition of U.S. real property interests but did affect change in possible FIRPTA investment structures because of the lowered withholding tax rate on capital gains and liquidating distributions paid by REITs. There are additional Net Operating Loss and interest expense limitation rules as well as depreciation rule changes under the new tax law. Also, the use of a blocker corporation may likely be subject to Base Erosion Tax (BEAT) on interest payments made to or accrued by blocker corporations to its related foreign lender.

 

Additionally, participants will be exposed to the use of offshore common law and civil law wealth transfer structures to invest in U.S. real property and the U.S. tax implications and reporting requirements of said structures investing in U.S. real property.

 

Areas Covered

 

·    Overview of tax rules that apply to foreign investors in U.S. real estate

·    U.S. income, estate, and gift tax

·     Income tax residency and estate and gift tax residency rules

·      FIRPTA and withholding requirements

·    Treaty application

·    A typical structure of blocker corporation for foreign persons or corporations to hold U.S. real property assets

·    Changes in TCJA tax reform that will specifically impact income from owning or disposing of U.S. real property

·        Corporate rate reduction and FIRPTA withholding rates

·      Treatment of REITs

·        Base Erosion and Anti-Abuse Tax (BEAT)

·       Depreciation changes

·        New NOL carryforward rules

·       Planning opportunities through entity selection or change

 

After the presentation, there will be a live question and answer session.

 

We do hope you will join us. Form more information or to register:

 

Go to: https://www.grceducators.com/FIRPTA-TAX-PLANNING-AND-COMPLIANCE-AFTER-TAX-REFORM

 

Or call (704) 870-0321 / +00 1 704 870 0321

Ask for FIRPTA Tax Planning And Compliance After Tax Reform on 22-Apr-2019

CODE: Jack-0001

Telecommunications company Angola Cables has announced the opening of its carrier-neutral data centre, Angonap Fortaleza in Fortaleza, Brazil.

The completed facility is now open for business and offers scalability, continuous connectivity, host and cloud services for local and external entities.

The facility is a primary interconnection point for the region, which will host Angola Cables’ two newest intercontinental submarine cables, SACS (South Atlantic Cable System) and Monet.

 

By Abigail Opiah via Data Economy

 

Read full article here

RIO DE JANEIRO, BRAZIL – The craze for cryptocurrencies has reached an all-time high in South American countries, particularly Brazil. The recorded trading volume in the country surpassed 100 thousand Bitcoins last week – a new Latin American record, according to data from the CoinTrader Monitor, a tool that analyzes and monitors Bitcoin prices in Brazil.

According to the site’s index, cryptocurrency exchanges mediated by NegocieCoins and TemBTC contributed the most to this record. Exchanges made through Bitcoin Market, Bitcoin Trade, BitBlue, bTCBolsa, 3xBit, and BitCambio also played a part, facilitating trades of over 100 BTCs in a period of 24 hours.

 

By Richard Mann via The Rio Times

 

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BRASILIA, April 16 (Reuters) – China could agree to allow more Brazilian meat imports following high-level talks set for May, the Chinese ambassador to Brazil told Reuters on Monday.

Yang Wanming declined to comment on how many meat processing plants could be approved to export to China but said the issue would be discussed when Brazil Agriculture Minister Tereza Cristina Dias travels to China in May.

 

By Jake Spring via Reuters

 

Read full article here

Joint statement from the American Museum of Natural History and the Brazilian-American Chamber of Commerce:

“With mutual respect for our work and goals of our individual organizations, we have jointly agreed that the American Museum of Natural History is not the optimal location for the Brazilian-American Chamber of Commerce Gala Dinner. This traditional event will go forward at another location on the original date and time.”

SÃO PAULO, BRAZIL – When Alvimar da Silva realized Uber did not reach some of the more dangerous, far-flung areas of São Paulo, Brazil’s largest city, he saw an opportunity: If the popular ride-sharing service did not go there, he would.

 

After six months of driving for the US application in the gridlocked city, da Silva launched in 2017 his own rival service JaUbra in the sprawling northern district of Brasilândia.

 

By Richard Mann via The Rio Times

 

Read full article here

RIO DE JANEIRO, BRAZIL – While working to renovate Rio de Janeiro’s zoo, workers found historical artifacts dating back to Brazil’s imperial past at the Quinta da Boa Vista park, in the northern part of the city.

 

Classified as an ‘archaeological treasure’ by Rio’s city government, the more than 30,000 items found are believed to be from the beginning of the 19th century to the first years of the 20th century.

 

By Lise Alves via The Rio Times

 

Read full article here

(Reuters) – Brazilian Economy Minister Paulo Guedes said on Wednesday he is “optimistic” that Congress will pass a pension reform bill that will generate savings of 1 trillion reais ($261.68 billion) over 10 years, in line with the government’s ambitious proposal.

 

Guedes is also confident Brazil will exceed its 2019 privatization goal of raising $20 billion from the sale of public assets by as much as 40 percent, he told a conference in New York, without giving any detail on which sectors or assets.

 

By Jamie McGeever via Reuters

 

Read full article here

One of Brazil’s best-funded startups, iFood is making a multimillion-dollar investment in artificial intelligence (AI) to enhance its offerings.

The Sao Paulo-based food delivery company will plough $20m into a new AI “academy”, which will be focusing on research in machine learning, deep learning, behavioral science and logistics efficiency.

 

By Angelica Mari via Forbes

 

Read full article here

Miami real estate agents have one reason to be happy – Brazilian buyers are back as a dominant buyer pool in South Florida, amid an increase in foreign investment.

Political turmoil in Brazil and a strong dollar have kept buyers away from South Florida in recent years – until now. Brazil ranked as the top country buying South Florida homes in 2018, according to a new report from the Miami Association of Realtors.

 

By Katherine Kallergis via The Real Deal

 

Read full article here

Brazil has seen a return to growth in IT investments in 2018 with numbers surpassing global average spend, according to data released by the Brazilian Association of Software Companies (ABES) and IDC.

IT spending for 2018 in Brazil went up 9.8 percent, reaching $47 billion, according to the research. This compares to the initial predictions of 4.1 percent growth for that market and average global spending of 6.7 percent.

 

By Angelica Mari via ZD Net

 

Read full article here

All the tensions that have rattled Brazil traders over the past few weeks have done nothing to shake Teresa Barger’s optimism over the country.

The chief executive officer and co-founder of the $2.6 billion Cartica Management LLC hedge fund is sticking to her “very bullish” views on Brazil, confident that growth in Latin America’s largest economy will start to pick up and that a planned overhaul of the nation’s pension system will be approved. That means she avoids watching the developments too closely, sidestepping the jitters that come with it.

 

By Aline Oyamada via Bloomberg

 

Read full article here

BRASILIA, April 3 (Reuters) – Growth in Brazilian economic activity picked up to its strongest in over a year in March, driven by solid increases in domestic new orders across both the manufacturing and services sectors, IHS Markit Insight said on Wednesday.

The closely-watched purchasing managers indices (PMIs) for March, often seen as a leading indicator of overall economic growth, showed the sixth straight month of service sector growth and ninth consecutive month of rising manufacturing activity.

 

By Jamie McGeever via Nasdaq

 

Read full article here

Minister Tereza Cristina (Agriculture, Livestock and Food Supply) launched this Wednesday (03) the Rural Landscapes Project, to preserve the Brazilian savannah, in an event with the participation of the German ambassador to Brazil, Georg Witschel, the interim director of the Bank (Bird) in Brazil, Doina Petrescu, and the president of the Confederation of Agriculture and Livestock of Brazil (CNA), João Martins.

With support from Bird and a partnership with the German Technical Cooperation Agency (GIZ), the Ministry of Science, Technology, Innovation and Communications (MCTI), through the National Institute of Space Research (INPE), Embrapa and the National Rural Learning Service (Senar), Rural Landscapes will train and provide technical and managerial assistance to 4,000 rural producers from nine states and the Federal District, focusing on the productive recovery of the cerrado and income generation. The initiative is coordinated by the Brazilian Forestry Service of the Ministry of Agriculture.

 

Via DATAGRO

 

Read full article here

A potential solution to the ailments of modern-day health care may be burgeoning from inside one of Brazil’s biggest slums.

Startup firm Dr. Consulta is betting it can capitalize on demand for affordable, a la carte services for the increasing number of Brazilians who don’t have private health insurance. It’s proven to be an attractive proposition, luring investors including the billionaire co-founder of 3G Capital Inc., Jorge Paulo Lemann, and venture capital firms like Kaszek Ventures and Madrone Capital Partners.

 

By Vinicius Andrade via Bloomberg

 

Read full article here

WEST LAFAYETTE, Ind. – Purdue University’s College of Agriculture and the Brazilian Ministry of Education through CAPES, a public foundation for the development of graduate education in Brazil, have signed an agreement to forge a new educational partnership.

Karen Plaut, the Glenn W. Sample Dean of Agriculture at Purdue University, welcomed Mauro Rabelo, Brazilian national secretary for higher education; Connie McManus Pimentel, director of international relations for the Brazilian agency CAPES; and Luiz Valcov Loureiro, executive director of Fulbright Brazil, to Purdue on March 26. The delegation met with Suresh Garimella, executive vice president for research and partnerships, and College of Agriculture associate deans and department heads, and toured campus facilities. The visit culminated with a signing ceremony to establish a new CAPES-Purdue Agriculture Ph.D. Fellows program.

 

By Maureen Manier via Purdue University

 

Read full article here

This is a soft launch of EBANX new business and the product is available to selected customers. Over the next few months, the option will be available to all Brazilian companies that sell on the Internet and wish to use EBANX solutions to process online payments within Brazil. In addition, for the next year, local processing of EBANX is expected to begin in four other countries in Latin America.

 

Via Finextra

 

Read full article here

SAO PAULO — Traffic lines, honking cars  and a polluted Pinheiros River that lacks any sign of life are routine sights for the more than 1 million people who drive daily through the Pinheiros Expressway.

But this scenario is about to change. At least partially.

Legado das Águas (Legacy of the Waters), a startup owned by the Votorantim Group, was appointed last December by the Secretariat of the Environment of the State of Sao Paulo to join Projeto Pomar Urbano (Urban Orchard Project) to help recover the Pinheiros River’s riparian vegetation using only native species of the Atlantic Forest.

 

By Eugenia Álvares Affonso via Boston University News Service

 

Read full article here

SAO PAULO/BRASILIA, March 28 (Reuters) – Brazilian logistics company Rumo SA on Thursday won an auction to build and operate a 1,537-kilometer freight railway for 30 years, with a bid of 2.7 billion reais ($694 million), according to the government.

Rumo Chief Executive Julio Fontana said that the Norte-Sul Railway would be used to transport primarily agricultural commodities, but would also ship some fuel and bauxite. The railway could be operational within 2 years, Fontana said.

 

By Aluisio Alves and Jake Spring

 

Read full article here

China is open to negotiate trade and investment agreements with Brazil, including a double tax treaty, as part of a broader move to engage the Latin American commodities giant, Beijing’s new ambassador in Brasilia said.

“We’re willing to study, together with the Brazilian side, measures to facilitate and liberate trade and investments, negotiate agreements to protect investments and avoid double taxation,” Ambassador Yang Wanming wrote in response to questions from Bloomberg.

 

By Samy Adghirni via Bloomberg

 

Read full article here

Join Brazilian and U.S. law firms’ partners, representatives from the public sector,
law professors, economists, and business leaders to discuss economic, political and
legal issues about the country’s priorities on reforms, privatization, foreign
investments, cross-border transactions, and technology.

The Brazilian government signed a space technology safeguard agreement (TSA) with the US with hopes to revive its own activities in the sector and cash in on commercial opportunities.

The idea is that Brazil would be able to claim a share of the space launch business, estimated to generate nearly $300 billion a year, by allowing US companies to launch out of the Brazilian Air Force’s Alcantara Launch Center.

 

By Angelica Mari via ZD Net

 

Read full article here

Travelers are scrambling to get plane tickets to Brazil now that the country has erased the need for a visa.

Australian, Canadian, Japanese and American tourists will no longer need a visa starting June 17, 2019, and a new Kayak survey revealed searches for flights have shown double-digit increases. The highest increase was registered in Australia (36 percent), followed by the United States (31 percent), Canada (19 percent) and Japan (4 percent).

 

By Janeen Christoff via Travel Pulse

 

Read full article here 

RIO DE JANEIRO, March 27 (Reuters) – Brazilian energy firm Eneva SA announced a secondary offering of 49.97 million shares in a securities filing on Wednesday, confirming an earlier Reuters report.

The firm, which owns gas-fired power plants and natural gas exploration and production assets in northeastern Brazil, said shareholders Itau Unibanco Holding SA, Uniper Holding GmbH, Banco BTG Pactual SA, Banco Pine SA , and Dommo Austria GmbH, a unit of Brazil’s Dommo Energia SA, plan to sell shares in the offering.

 

By Gram Slattery via Reuters

 

Read full article here

On Wednesday (03), the Rural Landscapes Project will be launched in Brasilia, an initiative focused on environmental conservation and restoration and the promotion of low-carbon farming practices in selected basins in the Cerrado.

The launch will be hosted by the Agriculture and Livestock Confederation and will be attended by the Minister of Agriculture, Tereza Cristina, the German ambassador to Brazil, Georg Witschel, the interim director of the World Bank in the country, Doina Petrescu, and the president of CNA , João Martins.

 

By DATAGRO

 

Read full article here

O Consulado-Geral do Brasil em Nova York / Consulate General of Brazil in NYC tem o prazer de informar que a ICC World Chambers Federation organizará, em parceria com a CACB – Confederação das Associações Comerciais e Empresariais do Brasil, o 11 Congresso Mundial de Câmaras, no Rio de Janeiro, entre os dias 12 e 14 de Junho de 2019.
Estão previstos mais de 1200 participantes de 100 países e 80 palestrantes.

O material do congresso está disponível em https://bit.ly/2JJyffd

Para informações adicionais, entre em contato com juliana.kampf@cacb.org.br

SAO PAULO, March 25 (Reuters) – Brazil’s Raízen Energia SA, the world’s largest sugar maker, raised 900 million reais ($233 million) using Agribusiness Receivables Certificates (CRA), the company’s chief financial officer told Reuters on Monday.

Guilherme Cerqueira, the CFO, said the company initially expected to earn 750 million reais from the operation but raised more due to demand, which exceeded expectations by more than double.

 

By Roberto Samora via Reuters

 

Read full article here

Brazil has just overtaken China in terms of consumer sentiment, as the world’s second-largest economy slows down and spending intention on big ticket items decline, according to a Credit Suisse survey released Monday.

Speaking to CNBC at the Credit Suisse Asian Investment Conference in Hong Kong on Monday, Eugene Klerk, the bank’s managing director of global thematic research said China showed weaker readings in spending intentions compared to Brazil and India.

 

By Shirley Tay via CNBC

 

Read full article here

Brazil and Chile promise to intensify the rapprochement between Mercosur (Brazil, Argentina, Paraguay and Uruguay, as Venezuela is temporarily suspended) and the Pacific Alliance (Chile, Colombia, Costa Rica, Mexico and Peru) to a free trade area , informs the “Agência Brasil”. From July, Brazil will hold the presidency-pro tempore of Mercosur and Chile will be at the forefront of the Pacific Alliance.

In Santiago, on the last day of the visit to Chile, President Jair Bolsonaro and Chilean President Sebastián Piñera ratified on Saturday (23) the terms of the free trade agreement between the two trade blocs.

 

By DATAGRO

 

Read full article here

Amazon is taking its first steps towards evolving its artificial intelligence-enabled voice assistant Alexa in Brazil.

The company said it was “excited to bring Alexa to Brazil” and that it will be asking some of its customers “to help refine her capabilities over the coming months.”

 

By Angelica Mari via ZD Net

 

Read full article here

BRASILIA (Reuters) – Brazil Mines and Energy Minister Bento Albuquerque said on Thursday that the government will present a program for overhauling the natural gas sector by June, a move aimed at lowering energy costs in the country.

The program will be called the “New Gas Market” and is separate from the “Gas for Growth” program pursued under previous President Michel Temer, Albuquerque told reporters in a briefing.

 

By Jake Spring via Reuters

 

Read full article here

Brazil’s central bank held its benchmark interest rate at an all-time low in the first meeting under its new boss and signaled it could lower borrowing costs in the future if growth continues to disappoint.

The bank’s board on Wednesday kept the Selic rate unchanged at 6.50 percent for the eighth straight meeting in an announcement expected by all 39 economists in a Bloomberg survey. It was the first monetary policy decision under Roberto Campos Neto, who was sworn in as head of the monetary authority earlier this month.

Petrobras is expected to receive more than $18 billion from a mixture of government and private sources as payment for oil reserves, people familiar with the matter said, potentially resolving a dispute that has dragged on since 2013.

Brazil’s government anticipates that companies seeking to join in deep-water oil projects would need to pay Petrobras more than $9 billion, said the people, who asked not to be named because the information hasn’t been made public. That will add to about $9 billion the state would be willing to pay Petrobras from its own coffers, according to the people.

 

By Sabrina Valle via Bloomberg

 

Read full article here

The meeting between presidents Jair Bolsonaro and Donald Trump brought some impacts to bilateral trade in agribusiness. The US government issued a joint statement saying it agreed to take new steps to free the purchase of fresh meat exported by Brazil.

According to a note, a technical visit will be scheduled by the US Department of Agriculture’s Food Safety and Inspection Service to audit Brazil’s beef inspection system as soon as the Brazilian government has provided food safety documentation.

 

By DATAGRO

 

Read full article here

In attending a panel on investment opportunities at Brazil Day in Washington, Minister Tereza Cristina (Agriculture, Livestock and Food Supply) said on Monday (18) that Brazilian agriculture has the capacity to increase food production by 30% without destroying even one tree in all our territory. ” The statement was made to business owners and executives of large US companies in response to a question raised by Donna Hrinak, CEO of Boeing in Brazil, moderator of the event, about alleged environmental impacts caused by Brazilian agricultural production.

“The Brazilian farming industry will continue to grow without deforesting a single tree,” said the minister. “We have the capacity to include almost 30% more production without destroying even one tree, a tree stand all over our territory.”

 

By DATAGRO

 

Read full article here

Qualcomm is pressing ahead with its plans to develop the semiconductor industry in Brazil and exploit opportunities in the mobility and Internet of Things segments.

Along with Universal Scientific Industrial (USI) and Asus, the company has announced new Asus smartphones that utilize its system-in-package (SiP) technology developed in Brazil.

 

By Angelica Mari via ZD Net

 

Read full article here

Following the impeachment of President Dilma Rousseff in mid-2016 and the inauguration of President Michel Temer, who had been Vice President, the new team responsible for Brazil’s international economic agenda worked diligently for greater integration of our country into the world economy. That has happened in many areas, including relations with international organizations, the domestic framework for officially supported export credits and trade policy.

With regard to relations with international organizations, the team has contributed to deepen Brazil´s participation in the Organisation for Economic Co-operation and Development (OECD), the mandate of which focuses on the discussion and international consolidation of best practices in public policies. 

 

By Marcello Estevão via International Banker

 

Read full article here

President Jair Bolsonaro’s market friendly agenda faces a key test on Friday with an airport auction that will serve as a gauge of investors’ appetite for the administration’s massive privatization plan.

The tender is expected to generate 3.5 billion reais ($910 million) in investments in the next 30 years. That figure includes a minimum initial fee of 219 million reais and a minimum investment of 1.48 billion reais in the next five years –starting on the sixth year of the license, operators will also pay the government a percentage of their gross revenue.

 

By Vinicius Andrade and Fabiola Moura via Bloomberg

 

Read full article here

What makes some oil plays more valuable than others? The answer: big discoveries in excellent reservoirs that are cheap to exploit. Few places on earth do all three. Brazil does, as I was reminded on a trip to Rio last month. Its pre-salt Santos basin fields, such as Lula and Libra, have these attributes in abundance.

The reservoirs in these giants lie at the “Goldilocks” depth – not too expensive to drill, but deep enough for oil to flow freely to surface. Individual wells in the exceptional pre-salt carbonate reservoirs can produce up to 50,000 barrels in a single day – a good Permian fracked well takes two months to do that. Many producing wells are choked because the subsea flow lines or platform just can’t cope with the sheer volumes. Nice work if you can get it.

 

By Simon Flowers and Wood Mackenzie via Forbes

 

Read full article here

Brazil’s central bank would be better equipped to keep inflation low if its autonomy to decide on monetary policy were guaranteed by law, the bank’s new chief said as he was sworn in on Wednesday.

“It’s important to keep the recent gains obtained in monetary policy,” Roberto Campos Neto said, stressing that increased central bank credibility has been crucial for reining in inflation. “We believe that an autonomous central bank would be better prepared to consolidate these recent gains.”

 

By Rachel Gamarski via Bloomberg

 

Read full article here

RIO DE JANEIRO, BRAZIL – On Tuesday, March 12th, Brazil’s Minister of Agriculture, Tereza Cristina, said that she was optimistic that talks to reopen the U.S. market for Brazil’s fresh beef will be successful after a nearly two year ban of beef imports coming from Brazil.

Cristina is part of the contingent accompanying Brazil President Jair Bolsonaro on his visit to the United States next week.

 

By Nelson Belen, via The Rio Times

 

Read full article here

The generation of electric energy and the production of biofertilizers from livestock wastes is already a reality in Brazilian cattle breeding. After some frustrated experiments in the 1970s and 1980s, growers who adopt a feedlot system, in which cattle are raised in large stables, started to generate the electricity consumed on the farm, and in some cases even sell the surplus distribution companies.

 

The adoption of technology is still low among dairy farmers, but researcher Marcelo Henrique Otenio, who coordinates studies on biodigesters at Embrapa Gado de Leite (MG), says that the use of biogas is booming in the sector and shows returns financial resources. “We have assembled a multidisciplinary research team from several institutions and our studies indicate that it is economically viable to use biodigesters in dairy farming for free stall production systems with more than eighty cows” , reveals Otenio.

 

Via DATAGRO

 

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SAO PAULO (Reuters) – Brazil’s Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking.

Sao Paulo is the historical center of Brazil’s auto industry, which was one of the world’s five biggest until a recent downturn from which it is still recovering. It has been losing ground in recent years to other Brazilian states which have showered automakers with incentives.

 

By Aluisio Alves via Reuters

 

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After SoftBank announced its plans to launch a $5 billion innovation fund in Latin America, we reached out to the good folks at the Latin American Venture Capital Association (LAVCA) for some context, and what they told me only validates the reasoning behind SoftBank’s interest in the region. (In 2017, we reported on the growing interest in Latin America.)

Let’s start with some numbers. Venture funding in Latin American startups is up — way up — from previous years. Specifically, LAVCA’s data shows that VC funding more than doubled in 2017 to $1.14 billion compared to $500 million in 2016. While 2018 numbers haven’t been finalized, LAVCA is projecting another record year with venture investments topping $1.5 billion.

 

By Mary Ann Azevedo via Techcrunch

 

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Gaining prominence in the domestic economy in recent years, Brazilian agribusiness should follow this trend of growth and increase its share in international trade for the next ten years, especially with sales of its main items such as soy, corn, sugar and meats. The conclusion is from the study “Outlook Fiesp 2028 – Projections for Brazilian Agribusiness”, prepared by the Federation of Industries of the State of São Paulo (Fiesp).

According to the document, which was released by the entity today (07), considering a scenario of fiscal balance and the implementation of economic reforms, the Brazilian agricultural policy could be improved, for example, from the effective prioritization of rural insurance as a guarantee policy of income to the producer. This scenario would also greatly benefit the segments of animal proteins and more elaborate products from the expected income growth.

 

Via DATAGRO

 

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Having shifted from technology to human resources two decades ago, Marcelo Nóbrega is right at the point of convergence between the two areas as he enhances the management of a 50,000-strong Generation Z workforce in McDonald’s restaurants throughout Brazil.

Keeping up with innovation that enhances staff management and productivity is core to the HR director’s work, who joined Arcos Dorados, McDonald’s largest franchisee in the world, in 2014. In his role, Nóbrega is actively looking for innovative approaches to better interact with the workforce with technologies such as artificial intelligence high up on the agenda.

 

By Angelica Mari via Forbes

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Brazil has been through the ringer. The country went from being one of the world’s best-performing emerging economies to one riddled with political instability and beset by one of the worst recessions. In 2014, Brazil reached a record high 65 members on Forbes’Billionaires List. Then the troubles began, and the ranks of Brazil’s superrich fell steadily to just 42 in 2018.

But Brazil has come roaring back—at least when it comes to the very wealthy. A whopping 18 new billionaires hail from the South American country this year, a number of whom have taken their companies public on the São Paulo stock exchange in the recent past. Altogether Forbes found 58 billionaires in Brazil this year worth a combined $175 billion.

 

By Anderson Antunes via Forbes

 

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Demand for digital driving licenses is soaring in Brazil since the introduction of the smartphone-based document last year, available to the country’s 60 million drivers.

According to Brazil’s federal government’s data processing agency (Serpro), the digital license is available countrywide since April, but uptake has increased by 85 percent due to a new remote validation functionality added to the app last month.

 

By Angelica Mari via ZD Net

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27 February 2019, Panama City, Panama – Brazil just became the first country to receive financial resources from the Green Climate Fund (GCF) for having successfully reduced greenhouse gas (GHG) emissions from deforestation in the past.

The payment from the GCF is based on results achieved by Brazil in the Amazon biome between 2014-2015, and which have been reported and validated by experts from the United Nations Framework Convention on Climate Change (UNFCCC). This is the essence of REDD+: a mechanism to reward countries for having reduced their deforestation.

 

By UNDP

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MEDIA CONTACT
Michelle Martinez Reyes, Chief Marketing Officer
954.333.4357   |   michelle.martinez.reyes@gmlaw.com

 

GREENSPOON MARDER APPOINTS PARTNER MYRNA MAYSONET AS CHIEF DIVERSITY OFFICER

 

Fort Lauderdale, FL – February 27, 2019 – Greenspoon Marder is pleased to announce the appointment of partner, Myrna Maysonet, as the Chief Diversity Officer. Ms. Maysonet joined Greenspoon Marder in 2000 and went on to become the first female partner. She has since served as a mentor to the firm’s diversity and even worked to provide same sex benefits a decade before it was considered to become a law.

 

“Greenspoon Marder is committed to taking big strides in diversity. Myrna has proven to be an integral part of those efforts over her 18 years with the firm,” comments Michael Marder, Co-Managing Director. “Our firm make-up is regularly changing and adding dynamics which allow us to better serve and connect with our clients. With Myrna’s leadership we plan to continue to diversify our ranks more and more each day,” comments Gerald Greenspoon, Co-Managing Director.

 

Ms. Maysonet is an advocate for LGBTQ and women’s rights and incorporates these values into her practice. She has covered these issues in a number of speaking engagements and panel discussions. Additionally, Ms. Maysonet is regularly featured on local, national and Hispanic networks including El Sentinel Orlando, Univision, Orlando Business Journal, South Florida Business Journal, Law360 and HR Magazine.

 

About Greenspoon Marder

Greenspoon Marder is a national full-service business law firm with more than 200 attorneys and 26 locations across the United States. 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.

SAO PAULO (Reuters) – The Chinese government is looking to boost its presence in the Brazilian food processing sector and reach agreements on joint food safety controls that would allow for long-term supply deals between the countries, a Chinese official said on Wednesday.

Yang Wanming, who took over as China’s ambassador to Brazil roughly two months ago, said in a presentation to businessmen and Sao Paulo state government officials that the Asian nation is also looking into opportunities in the country’s infrastructure projects and oil refining sector.

 

By Marcelo Teixeira via Reuters

 

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BRASILIA, Feb 26 (Reuters) – Brazil’s Senate confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth.

Much work must still be done to secure Brazil’s economic recovery, Campos Neto told the Senate’s economic committee at his confirmation hearing.

 

By Jamie McGeever via Reuters

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Banco BTG Pactual SA, Latin America’s biggest standalone investment bank, is joining the world of crypto assets with its own security token.

BTG plans to raise as much as $15 million through an initial offering for a token called ReitBZ that will be backed by distressed real estate assets in Brazil, Gustavo Roxo, the bank’s chief technology officer, said in an interview. The token will based on blockchain technology, the decentralized public ledger of transactions.

By Felipe Marques via Bloomberg

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FRANKFURT: Volkswagen’s truck and bus division increased its adjusted full-year operating profit last year by 13 percent thanks to a Brazilian market recovery, efficiency measures at MAN and a rise in vehicle deliveries.

Traton said on Monday it expects a return on sales of between 6.5 percent and 7.5 percent in 2019 as well as a slight increase in revenue and vehicle deliveries adding that an efficiency and cost cutting drive at MAN will continue.

By Edward Taylor via Channel NewsAsia

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Minister Bento Albuquerque defended the electric car using ethanol or natural gas as a source of energy during a meeting organized by the ANP, the National Agency of Petroleum, Natural Gas and Biofuels. According to him, there are significant competitive advantages due to the already being technology in development by some assemblers, in addition to reconciling the efficiency of the electric motors and the national vocation for the production of biofuels. He also stressed the importance of solving the problems associated with the recharging time of the batteries. “Vehicular electrification technologies should not only consider the battery as the only trajectory to be followed, but as a trend of decarbonization on our planet,” says Beto Albuquerque – Minister of Mines and Energy.

By DATAGRO

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Trade activity grew 0.9% in January compared to December 2018, according to the latest Serasa Experian Trade Activity Index numbers released on Tuesday (January 19). The highlights of the month were the construction materials industry, with 1.7% growth, and the cars, motorcycles & parts sector, which grew by 0.5%. On the other hand, the textiles, clothing, footwear and accessories category had the largest drop, at 5.4%, followed by supermarkets, hypermarkets, food and beverages (-1.4%); furniture, electronics and computers (-2.3%) and fuels and lubricants (-1.8%).

By BrazilGovNews

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Fields across Brazil’s Mato Grosso, the nation’s largest soybean state, have been plagued by dryness and scorching heat this season. That’s normally a recipe for disastrous yields. But thanks to better crop technology, farmers could still end up with a record harvest.

Take the case of Alexandre Di Domenico, who grows soybeans on about 16,000 hectares (40,000 acres) in the northeastern part of Mato Grosso. He’s seeing evidence that his yields will jump about 10 percent this year to an average 3,600 kilograms per hectare (53.5 bushels an acre). That’s even after his fields faced 20 days with almost no rain between December and January.

By Gerson Freitas Jr via Bloomberg

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When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market.

The mammoth facility — long and wide enough to fit an American football field — is the first of four similar platforms to begin pumping crude this year, lifting Brazilian output by roughly 365,000 barrels a day, its largest annual increase in at least 20 years, International Energy Agency estimates show. A second platform, P-76, has also started production, according to a regulatory filing Wednesday.

By Sabrina Valle and Javier Blas via Bloomberg

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The Minister of Mines and Energy, Bento Albuquerque, signed during the first 45 days of the government all grants to build 53 projects from the New Energy Auction A-6, which was held in August 2018. The projects total R $ 6, 8 billion in investments and 1,572,356 kW of final power. More than eight thousand direct jobs will be generated during the construction phase of the plants.

By DATAGRO

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Brazil is a major economic power in Latin America and an important player on the world stage. This edition of On Campus shines a light on Sao Paulo’s Fundação Getúlio Vargas (FGV), one of the country’s leading universities, as it leverages Ripple’s University Blockchain Research Initiative (UBRI) to train a global workforce in Brazil. FGV Professor Riccardo Rochman took us inside the university’s Crypto Master’s Program and its commitment to preparing Brazil’s rising blockchain entrepreneurs and leaders.

By Team Ripple from Newsletter on Brazil via Laura Randall

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The Confederation of Agriculture and Livestock of Brazil (CNA) seeks alternatives to develop the green securities market to finance low carbon projects. In this context, the entity held a meeting last Friday (15) in Brasilia with the Climate Bonds Initiative (CBI), an international organization that works to promote long-term capital markets through “green” financial instruments, such as Green Bonds.

Green bonds are debt financing or refinancing instruments issued by companies, financial entities, non-financial or public institutions, where the funds raised are 100% used to finance sustainable assets and projects. CBI Executive Director Justine Leigh-Bell and CNA technical advisors from the areas of agricultural policy, international cooperation, beef cattle, poultry and pigs, coffee, planted forests, the environment and irrigation participated in the meeting.

By DATAGRO

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Microsoft has announced a new initiative that will see more than 3 million Brazilian students getting trained in themes around artificial intelligence (AI).

During the Microsoft AI+Tour event in São Paulo, the firm’s chief executive Satya Nadella announced the pro-bono partnership with school networks SESI and SENAI to offer AI training in high school courses. During the announcement, Nadella pointed out that governments should accelerate the adoption of automation but create new capabilities at the same time.

By Angelica Mari via ZD Net

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Gremi International SARL is an international holding, composed of a number of companies operating in Brazil, Luxembourg, Poland, United States and the Netherlands. Operations of the group are mostly focused on investments in two sectors: real estate (in Brazil and in Poland) and media (Poland).

The group was established in 1991 by a Polish entrepreneur, Grzegorz (Greg) Hajdarowicz. The first activity of the company was wholesale of pharmaceuticals. As the business grew, new activities were introduced. Over 27 years GREMI was involved in many equity investments in various projects, focusing on distressed companies, encompassing sectors such as real estate, media, dredging, furniture manufacturing, printing houses, chip card IT systems, heat pumps, hydraulics, financial services (factoring), film production and other.

Gremi International SARL – by developing business projects and establishing legal entities in Brazil, Luxembourg, Poland,  the United States and the Netherlands – is consistently implementing strategy of becoming an internationally acting holding company.

The core of Gremi International SARL business expansion strategy is represented by Portuguese speaking countries and regions of which Brazil (in particular the Eco Estrela Project) is currently the first and most significant one.

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Agribusiness continues to be strong and farmers’ capitalization in general is very good, says Pedro Estevão Bastos, president of the Chamber of Agricultural Machinery and Implements (CSMIA), of the Brazilian Association of Machinery and Equipment Industry (Abimaq), on the perspective of the 10% increase in sales in the segment in 2019.

However, Bastos warns that such variables as exchange rate, credit availability, crop productivity and the consequences of the China-US trade war, which influence soybean prices, may interfere with the performance of the agricultural sector this year. “We also need to know how the new government’s agricultural policies will be in order to have the best forecast in the market.”

By DATAGRO

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Independent innovation network Onovolab is driving a multimillion-dollar expansion of its co-creation centers across Brazil while attracting a flurry of corporate clients interested in tapping into external hubs for new technology projects.

The initiative launched in the city of São Carlos (144 miles from São Paulo) just over a year ago to act as a broker between traditional businesses and ventures with high-growth potential as well as a thriving academic community: the city’s universities produce one PhD for every 180 people, while the national average is one doctor per 5,423 inhabitants. The idea is that organizations can benefit from that mix for their own co-innovation initiatives.

By Angelica Mari via Forbes

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SAO PAULO, Feb 11 (Reuters) – Brazilian investment bank Banco BTG Pactual SA tapped a veteran BlackRock Inc portfolio manager as its new head of equity funds and said it plans to launch a new Latin America-focused fund.

Will Landers, who left BlackRock in January, will join BTG Pactual as a partner, starting March 18, replacing José Zitelmann, who it said is leaving “to pursue other professional projects.”

By Yahoo! Finance

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Feb 12 (Reuters) - Most Latin American stock markets rose on Tuesday, buoyed by hopes of a U.S.-China trade deal as they more than recovered ground lost during the previous session, while
resurgent risk appetite strengthened Latin American currencies against a softer dollar.

U.S. President Donald Trump said he expects to meet Chinese President Xi Jinping to close a deal on trade at some point, while officials from both countries expressed hopes on Monday a
new round of talks would help improve strained trade ties between the world's top two economies.

By Aaron Saldanha via Reuters

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Changes in economic policy and trade relations should boost sales of Brazilian products abroad. Experts consulted by the Central Bank are betting that Brazil may reach almost US$ 300 billion in exports in the coming years. The estimate is in the Market Expectations System, which gathers daily forecast surveys of the Brazilian economy from about 130 banks, fund managers and other institutions. The numbers were released on February 1.

This year, foreign sales are expected to total US$ 249.05 billion, according to market forecasts. In 2023, the estimated value is US$ 295 billion. If predictions are confirmed, total growth in the period will be of 18.47%.

By BrazilGovNews

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BRASILIA, Feb 12 (Reuters) – Inflation risks in Brazil have moderated and threats to domestic and global economic growth have intensified, minutes of the Brazilian central bank’s last policy meeting showed on Tuesday.

Policymakers also noted that risks associated with U.S. Federal Reserve policy tightening have diminished, according to minutes of the Feb. 5-6 meeting, where they unanimously agreed to keep the benchmark Selic rate unchanged at a record low 6.50 percent.

By Jamie McGeever via Nasdaq

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Brazil’s economy minister has vowed to end years of failed state interventions as Latin America’s largest economy embarks on sweeping free-market reforms under President Jair Bolsonaro.

In a wide-ranging interview, Paulo Guedes, the former fund manager chosen by the rightwing president to rekindle the Brazilian economy after the worst recession in its history, said a pension overhaul would save R$1tn ($350bn) over 10 years and be approved “within five months”.

By John Paul Rathbone and Andres Schipani via Financial Times

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The Minister of Agriculture, Tereza Cristina, is planning a series of trips with the objective of opening new markets and improving Brazilian exports. She said she will visit China, the United States, Europe, Arab countries and other nations with which Brazil wants to strengthen trade relations, such as Vietnam and Indonesia.

The minister said that she had already received the Chinese ambassador in Brazil on the MPLS and established some guidelines in common. She also expressed her intention to increase the commercial relationship with Peru, a country that is accelerating economic growth and has the potential to increase the bilateral market.

By DATAGRO

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Brazil’s tourism profile among Americans reached unparalleled heights in the earlier half of this decade when the South American nation hosted back-to-back international sports tournaments: the 2014 FIFA World Cup and the 2016 Summer Olympic Games in Rio de Janeiro.

One million foreign tourists visited Brazil during the World Cup, according to officials at Embratur, the Brazil Tourist Board. More than 60 percent were visiting for the first time and U.S. and Canadian residents bought more than 200,000 match tickets, trailing only Brazilian purchases, said FIFA. Meanwhile, flights to Brazil increased by 289 percent between in the weeks prior to the 2016 Rio Olympics compared with the same period in 2015.

In the years since the country’s tourism officials have followed up on those high-profile events with a program of measures designed to ease American and Canadian travel to the country, even as the government struggled with economic and political unrest.

By Brian Major via Travel Pulse

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For almost three decades, Wilson Feldberg kept his money in low-risk investments at Brazil’s biggest bank. Then, three years ago, he started moving almost all of it—the equivalent of about $1.5 million now—to an upstart brokerage, XP Investimentos SA.

Why? Feldberg, who owns a construction company in São Paulo with his brothers, wanted a chance at fatter returns and more personalized advice. “They explained things to me better, and I felt safer following their suggestions,” says Feldberg, a 47-year-old native of Recife. “Since I don’t have much time, I embrace their suggestions.”

By Felipe Marques, Cristiane Lucchesi and Vinicius Andrade via Bloomberg

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The whole of France fits into Bahia, one of the 27 Brazilian states. That’s how Ricardo Leite, Brazil country manager at BlaBlaCar, tends to illustrate the scale of opportunities for the long-distance carpooling firm in one of its top three markets globally.

A population of 210 million people coupled with 50 million cars that are expensive to acquire and maintain and an inefficient public transport network makes Brazil a great market for the firm to thrive. Following its success in the country since launching in 2015, BlaBlaCar now wants to introduce subscriptions, insurance and pursue opportunities in the transport sector to monetize the local operation.

By Angelica Mari via Forbes

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Privatization is yesterday’s political polemics. The market wants Brazilians to work more and earn less from government pension plans. Privatization is old school. Boring pension reform, that’s the new sexy. When doubts arise about Brazilian pension reform, the market tanks like it did on Wednesday.

“It’s an overreaction,” says Michael Reynal, a fund manager for Sophus Capital. Markets were down across the board today, but Brazil underperformed the MSCI Emerging Markets by over 300 basis points. ”We are not looking to sell Brazil, but there is some confusion over what proposal we are going to get,” he says, naming outgoing president Michel Temer’s watered-down but acceptable pension reform, or that of the new president, Jair Bolsonaro.

By Kenneth Rapoza via Forbes

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PODCAST

Devjani Mishra and Emily Haigh, of Littler’s New York City office, list their top 10 labor and employment compliance new year resolutions for businesses operating in the Empire State in 2019. They review several laws taking effect this year, offer practical guidance on how to juggle new requirements day-to-day, and identify legislative trends and court decisions to watch.

Questions in Portuguese or English can be sent to Renata Neeser at rneeser@littler.com

By Littler

Click here to listen

When Brazil’s central bank meets on Wednesday, its outgoing President Ilan Goldfajn will leave the door open for his successor to deliver an unprecedented borrowing cost cut at his first policy meeting.

Since at least 1996, when the country’s current monetary policy board was created, no incoming bank governor has ever cut the benchmark Selic in his first meeting. Roberto Campos Neto, who was appointed by President Jair Bolsonaro and will face his Senate confirmation hearing as soon as this month, could be the first. The chances are so good that when Campos Neto attended an event in Rio de Janeiro last month, several former central bank chiefs joked how it was going to be smooth sailing for him and how he was lucky.

By Raymond Colitt and Mario Sergio Lima via Bloomberg

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Over the past few years the Brazilian financial market has blossomed, with an unprecedentedly open attitude towards technology and modernisation. For a country that has been historically conservative when it comes to monetary policy and burdensome bureaucracy, Brazil is now embracing innovation, and allowing new ideas to form and shake up the traditional standards and practices of its banking industry.

According to CB Insights, Brazil is Latin America’s leading tech hub. It accounts for most of the US$1 billion in venture capital invested in the region last year, and registered over 450 technology-oriented start-ups in 2018. Since 2014, there has been a sharp growth in new projects favouring business models built on technology, striving for sectors typically overlooked by larger players.

By Bruno Balduccini, Marília de Cara and Thomaz Braga de Arruda via Who’s Who Legal

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O começo do ano nos permite revisitar acontecimentos recentes envolvendo o combate à corrupção no Brasil e nos Estados Unidos, assim como nos estimula a considerar o que esperar no futuro, particularmente em vista da eleição de Jair Bolsonaro e da escolha do ex-juiz Sergio Moro para chefiar o Ministério da Justiça.

Lava Jato, Carne Fraca e Zelotes estão entre as operações recentes de combate à corrupção originadas no Brasil que reverberaram nos Estados Unidos, intensificaram a cooperação entre as autoridades dos dois países e resultaram em incontáveis investigações, condenações, acordos e litígios altamente noticiados. O combate à corrupção nos Estados Unidos também repercutiu no Brasil, sendo a investigação relativa à Fifa talvez o caso mais ilustrativo.

By Bruce E. Yannett, David. A. O’Neil, Andrew M. Levine, Kara Brockmeyer e Daniel Aun via Estadao

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BRASILIA (Reuters) – Brazil’s government has opened discussions with congressional leaders, state governors and mayors on a pension reform bill that would set the minimum retirement age for men and women at 65, a government official said on Monday.

The proposal is one of several under consideration, as President Jair Bolsonaro looks to get the legislative ball rolling on his ambitious plans to overhaul Brazil’s creaking social security system.

By Reuters

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Brazilians are not big on mobile phone insurance and that’s something insurtech Pitzi wants to change, by providing better experiences for consumers who need devices fixed or replaced while creating conditions for large insurers to develop that market.

After building a career at financial institutions such as Morgan Stanley and Warburg Pincus, Daniel Hatkoff moved to Brazil from his native United States in 2012. He then noticed that local smartphone adoption was taking off but it was hard to get devices repaired when needed.

By Angelica Mari via Forbes

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The main challenges and opportunities in the internet of things (IoT) were the theme of a seminar held in São Paulo (SP) last Wednesday (30). Experts from public institutions, government and private sector representatives presented various initiatives underway in the country to make IoT increasingly present in the daily lives of the population. The event was promoted by Folha de S. Paulo, in partnership with Samsung.

By DATAGRO

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The Brazilian productive sector began the year optimistic with the country’s economy. The Industry Confidence Index (ICI), measured by the Getulio Vargas Foundation (FGV), reached the highest level since August last year. The rate reached 98.2 points in January, a 2.6-point increase in comparison with December.

By BrazilGovNews

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Consolidation in the micromobility space has arrived — in Brazil, at least. A few months after Y Combinator-backed Grin merged its electric scooter business with Brazil-based Ride, it’s now merging with Yellow, the bike-share startup based in Brazil that has also expressed its ambitions to get into electric scooters.

If Yellow  sounds familiar to you, it may be because, in September, the company raised $63 million in a funding round led by GGV Capital. That was the largest Series A round for a Latin American startup. A month later, Grin raised a $45.7 million Series A round.

By Megan Rose Dickey via Tech Crunch

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John Keohane of Fortis Lux Financial (a member of MassMutual Financial Group) has been honored by MassMutual with the 2018 Top of the Council, a recognition given only to the top 1% performing advisors of this international Fortune 500 company. Last year, to meet growing demand, MassMutual Westchester Agency seamlessly merged with Fortis Lux Financial. This agency merger is very exciting as it enables the company to enhance services to clients with Financial Planning, Asset Management, Estate Planning and Strategic Business Planning.

 

Brazil and China are expected to hold their first high-level political and economic talks since 2015 later this year, Brazil’s agriculture trade secretary told Reuters on Thursday, in a move likely to boost farm trade between the two countries.

The first meeting of the China-Brazil High-Level Coordination and Cooperation Committee (Cosban), last convened under former President Dilma Rousseff, is “very probable” for the second half of the year, said Orlando Leite Ribeiro, who oversees trade and international relations at the Agriculture Ministry.

The meeting should advance talks to permit more Brazilian meatpackers to export to China and to accelerate Chinese approvals of genetically modified (GMO) products, Ribeiro said in an interview.

By Jake Spring/Reuters

LONDON, Jan 31 (Reuters) – Global trader Glencore is close to finalising a deal to make a $500 million payment to the mining arm of Brazil’s Companhia Siderurgica Nacional (CSN) for iron ore cargoes to be delivered over five years, sources familiar with the matter said.

One source said Glencore would sign the deal no later than the first quarter.

By Julia Payne and Maytaal Angel via Reuters

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Judging by the reaction of financial markets, the Brazilian economy started the year at high speed. The real is among the world’s best-performing currencies so far in 2019 and the main stock market index Ibovespa hit a string of record highs leading into last week, when it broke the 97,000-point mark. Future interest rates have fallen sharply.

Foreign investors are buying in as well. The premium demanded as compensation for the inherent risk of buying Brazilian bonds, the Credit Default Swap rate (CDS), that in September was above 310 basis points has fallen to around 180 basis points, a range close to that of emerging countries with an investment-grade seal.

By Otaviano Canuto

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(CNN) – On New Year’s Day, President Jair Bolsonaro was inaugurated in Brazil, ushering in a new era in Brazilian politics that marks a dramatic departure from the leftist, anti-American governments of Luiz Inácio Lula da Silva and Dilma Rousseff. Our bilateral relationship improved under the administration of former President Michel Temer, and the new Bolsonaro government has already indicated it seeks an even closer security and economic relationship with the United States.

For the peace and stability of the region, it is crucial that the United States capitalize on this historic opportunity to bring closer together the two most populous nations in the Western Hemisphere.

By Marco Rubio via CNN

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Miami-Dade County Mayor Carlos A. GimenezMiami International Airport Director Lester Sola and officials from Miami-Dade County and the Brazilian Post Office (Correios) gathered in Brasilia to announce the launch of Compra Fora (“Buy Outside”) – a first-of-its-kind, expedited shipping service that allows e-commerce packages of all sizes from anywhere in the world to be shipped to Miami International Airport (MIA), be pre-cleared by Correios, and arrive in Brazil as domestic cargo within days instead of what used to take weeks or months.

Correiros chose MIA as its first Compra Fora partner in large part because the airport ranks first in the U.S. for cargo flights to Brazil and commands 38 percent of the entire MIA-Brazil air trade market. Brazil is MIA’s largest international market for passengers and trade value, generating more than 1.5 million travelers and $12 billion in cargo shipments annually.

“This landmark agreement with Correios once again reinforces Miami-Dade County’s role as the logistics leader in our hemisphere,” said Miami-Dade County Mayor Carlos A. Gimenez. “I applaud the efforts of MIA and our trade community, for keeping Miami-Dade County on the forefront of innovation within the global air cargo industry.”

Source: Miami International Airport via CISION PR Newswire

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Brazilian President Jair Bolsonaro’s government wants to sell at least $20 billion in assets of state-owned companies this year including parts of Petrobras and Banco do Brasil, the country’s secretary of privatization said on Tuesday.

Salim Mattar said the government wants state-controlled oil company Petroleo Brasileiro SA and lenders Banco do Brasil SA and Caixa Economica Federal to sell most of their subsidiaries within four years.

Mattar, a former businessman, estimated that Brazil could raise up to 800 billion reais ($214 billion) by selling state-owned companies. The privatizations, along with cuts in spending on pensions and social security, are key to Economy Minister Paulo Guedes’s plan to reduce public debt, now equivalent to 77 percent of gross domestic product.

“If we reduce the debt, the amount of interest we save annually would allow us to increase expenditures in education and health,” Mattar said.

By Tatiana Bautzer for Reuters

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Speaking during the opening ceremony of the World Economic Forum in Switzerland, President Jair Bolsonaro said that his administration’s reform will put Brazil among the 50 best countries to do business in the world. He also defended more integration and economic openness and explained that he wants the country to simplify the lives of those who produce and create jobs.

By BrazilGovNews

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Symbolic for marking the first international trip of newly-elected president Jair Bolsonaro, Brazil’s participation in this year’s edition of the World Economic Forum in Davos (Switzerland) brought concrete results. In addition to being the first Latin American leader to speak at the event’s opening ceremony, the Brazilian delegation led by Bolsonaro was able to build closer ties with other countries, strengthen trade relations and showcase opportunities Brazil offers investors and entrepreneurs.

In the opening address, the president explained to leaders from around the world that his reform agenda aims to put Brazil among the world’s 50 best countries to do business. He advocated for reforms that will improve public budget, make life easier for consumers and entrepreneurs in Brazil, and help the country grow sustainably.

By BrazilGovNews

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RIO DE JANEIRO: With the launch of CNN Brazil, Latin America’s biggest TV market is set to be roiled by the entry of a powerful new player looking to challenge the dominance of current leader Globo News.

Its arrival, announced this month, comes at a high-voltage time for Brazil as it undergoes an abrupt swerve to the right under President Jair Bolsonaro, a pro-business ultraconservative who took office at the beginning of January.

By Channel News Asia

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DAVOS, Switzerland (Reuters) – An overhaul of Brazil’s pension system could save up to 1.3 trillion reais ($345 billion) over the next decade, Economy Minister Paulo Guedes told Reuters on Wednesday, aiming as much as two-thirds higher than the previous government’s failed effort.

In an interview during the World Economic Forum at the Swiss ski resort of Davos, Guedes underscored the enormous scale of a pension reform that investors consider the cornerstone of new right-wing President Jair Bolsonaro’s sweeping economic agenda.

By Mark Bendeich via Reuters

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Brazil’s newly-elected president Jair Bolsonaro ascended the world stage for the first time to present his vision for a “new Brazil” at the World Economic Forum in Davos, Switzerland, on Tuesday.

Absences by British and French heads of state, along with the abrupt cancellation of the U.S. delegation’s visit to the elite business conference just days earlier, thrust Brazil’s new leader into the forum’s spotlight. In his speech, Bolsonaro promised to root out corruption, privatize industry, and repair his country’s standing in the eyes of the international community.

By Robert Hackett via Fortune

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BRASILIA, Jan 22 (Reuters) – Brazil will add the Trans-Amazonian Highway to the list of projects for privatization, its infrastructure minister said on Tuesday, seeking new investment to pave a roadway that has already been blamed for deforestation.

The government also plans to sell to investors a concession to run BR-163, a key northern route for shipping Brazilian grains, adding it along with the Trans-Amazonian to a priority list for privatization at a meeting next month, Infrastructure Minister Tarcisio Freitas told Reuters in an interview.

By Jake Spring via CNBC

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Sales of Brazilian soybeans for the 2017/18 harvest reached 99% of production expected until the last day of January 18. The percentage is above the 94% recorded in the same period of the previous harvest and is also higher than the previous record of 98% observed in 2013 and 2015, highlight data from the DATAGRO Consulting.

“In addition to the supply being brought to an end, the expected fall in prices occurred in general, keeping producers’ sales interest loose,” says DATAGRO grain analyst Flávio Roberto de França Jr.

By DATAGRO

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In a meeting on Thursday, Jan. 17th with Chinese Ambassador Yang Wanming and Economy Minister Paulo Guedes, they discussed possibilities for trade diversification between the two countries. According to negotiators, Guedes said he intends to close more bilateral partnerships, mainly in the area of technology, with the main destination of Brazilian goods. According to the Ministry of Economy, Guedes reaffirmed Brazil’s willingness to do business with as many countries as possible, without ideological bias. According to the ministry’s source, the orientation is in line with the speeches inaugurated by President Jair Bolsonaro in the National Congress and in the parliament of the Planalto Palace, on Jan. 1st.

By Brazil Monitor

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Brazilian markets are off to a strong start in 2019. And while worries about much needed structural reforms remain, a market-friendly government and supportive fundamental backdrop could make this year a doozy, according to bullish analysts.

The year is still young, but so far the real USDBRL, +0.0107%  has gained 3.8% against the U.S. dollar, while the popular Bovespa stock index BVSP, +0.78%  has rallied more than 9%. In dollar terms, the Bovespa is up 12.4% so far this month, versus a 6.6% rise for the S&P 500 SPX, +1.32% according to FactSet.

Just last year, Brazil’s contentious presidential election and worries about much needed structural reforms to shore up the country’s fiscal health curbed investor enthusiasm. Economists say the reforms are still needed, but sentiment seems increasingly supportive even before outspoken newly elected President Jair Bolsonaro takes the stage at the World Economic Forum in Davos, Switzerland, next week.

By Anneken Tappe via Market Wacth

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Jan 18 (Reuters) – Brazil’s benchmark stock index reached an all-time high on Friday on positive investor sentiment about the new government’s pension reform plans and U.S.-China trade talks, while Latin American currencies steadied against the U.S. dollar. The Bovespa, one of 2018’s top performing indexes across the globe, hit a record high, crossing the 96,000 mark as investors hoped the new government’s pension reforms plans may be revealed earlier than expected.

By Agamoni Ghosh via CNBC

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The US $ 58.7 surplus recorded by Brazil last year is a result of increased imports from China, as well as increased international demand for Brazilian commodities. The data are from the Foreign Trade Indicator (Icomex) of January released today (17) by the Brazilian Institute of Economy of the Getulio Vargas Foundation (Ibre-FGV).

By DATAGRO

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Brazil’s second-largest private bank Bradesco will ramp up its efforts around artificial intelligence (AI) to boost sales, improve customer experience and reduce operating costs in 2019.

The bank, which has a portfolio of over 71 million customers, has been working on a platform dubbed Bradesco Artificial Intelligence (BIA) over the last four years. BIA’s capabilities translate into an improved customer experience across the bank’s digital channels – especially the app, which today accounts for 60% of customer interactions with the bank.

By Angelica Mari via Forbes

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The Brazilian tycoon behind the world’s biggest sugar-cane operation is taking a page from billionaire Jack Ma’s playbook for his next project.

Cosan SA, the powerhouse controlled by 68-year-old Rubens Ometto, is launching a version of Alipay to process payments and money transfers through smartphones. It’s a bet that could save the conglomerate millions in fees and give it a foothold in Brazil’s booming fintech scene.

By Gerson Freitas Jr. and Felipe Marques via Bloomberg

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The financial market remains optimistic with its forecasts for economic growth in 2019. According to the latest edition of the Focus Bulletin, released by the Central Bank on Monday (January 14), analysts are predicting Brazil’s Gross Domestic Product (GDP) will grow 2.57% this year, up from the previous 2.53%.

By BrazilGovNews

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The marketing of hydrated ethanol continues to be heated in the domestic market. Biofuel sales totaled 858.11 million liters in the second half of December, an increase of 26.57% over the volume traded in the same period of 2017 (678.00 million liters), according to data from the Cana- of Sugar (UNICA).

Considering December sales, sales also increased, registering 1.79 billion liters, an increase of 25.26% over December 2017 (1.43 billion liters). “This volume, a record for a month in December, is due to the maintenance of biofuels’ competitiveness against gasoline in the domestic market. This is the beginning of the most advantageous year for ethanol in this decade “, points out UNICA.

By DATAGRO

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Brazil’s outgoing central bank President Ilan Goldfajn told Swiss newspaper Le Temps that conditions remain in place for strong economic growth, while he warned against inflated expectations under the country’s new populist government.

“The expectations are now very high in Brazil,” Goldfajn said in an interview with the French-language newspaper ahead of an address at the International Center for Monetary and Banking Studies scheduled for Tuesday in Geneva.

By Andy Hoffman via Bloomberg

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Brazil stocks have been rallying since Bolsonaro’s presidential victory in October last year. The most popular Brazilian ETF, iShares MSCI Brazil ETF EWZ rose 13.3% in the fourth quarter of 2018. Brazil’s Bovespa index gained about 10.8% in the same time frame. Jair Bolsonaro was sworn in as Brazil’s president on Jan 1.

EWZ has continued its strong run this year by returning 12.5% in the year-to-date time frame (as of Jan 9). This indicates market participants faith in the newly elected president’s ambitious agenda.

By Zacks Equity Research via Nasdaq

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SAO PAULO (Reuters) – Far-right Brazilian president Jair Bolsonaro’s new government wants to save 1 trillion reais ($269.48 billion) over 10 years via pension reforms economists say are vital to undo the growing fiscal deficit, a Brazilian newspaper reported on Monday.

Bolsonaro, a former army captain who has surrounded himself with generals and liberal economists as top advisers, made pension reform a staple of his campaign. But he has given few details before his inauguration or as president.

By Reuters Staff via Reuters

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A civil and common law-trained litigator and member of the firm’s International Arbitration practice, Haridi is recognized for regularly handling commercial and investor-state arbitrations under the rules of all the major arbitral institutions. She was also noted for being a vital member of several arbitral organizations, including the ICC International Court of Arbitration, the Arbitration Committee of the International Bar Association, and the London Court of International Arbitration (LCIA) Arab Users’ Council.

Source: Hogan Lovells

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SAO PAULO (Reuters) – At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch.

There is a faded blue 2003 Renault hatchback with 195,000 kilometers on the dial. And a Volkswagen Gol Turbo so old that it could vote.

But when he needs to seal a deal, Bernardo has a go-to option for financing: the Brazilian unit of Spain’s Banco Santander.

By Carolina Mandl via Reuters

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The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer and Boeing to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation.

The approval maintains the terms of the deal as previously proposed, with Embraer selling 80 percent of its commercial plane division, its most profitable, for $4.2 billion to Boeing, which will have total control of the new venture.

By CNBC Markets

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On Monday, the presidents of public banks will begin their mission of reducing distortions in the Brazilian credit market and balancing the interest rates charged by financial institutions. The statement came from the Minister of Economy, Paulo Guedes, who participated in their inauguration ceremony in the Planalto Palace.

According to Guedes, interventions made by past governments in public banks have contributed to making credit cheaper for large companies and more expensive for the rest of the population, an imbalance which should be corrected by the new management.

By BrazilGovNews

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President Jair Bolsonaro sanctioned a law on Monday (January 7) that allows the creation of endowment funds, as a way to encourage private donations to projects of public interest. With the decision, the areas of education, science, technology, research and innovation, culture, health, environment, social assistance and sport will be strengthened.

In practice, all money donated by individuals and private companies, along with the income received from their investment, will be passed on to institutions and projects of public interest, increasing the sustainability of important public policies.

By BrazilGovNews

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New Member: New York Casas

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The Brazilian government plans to privatize or liquidate some 100 state-run companies, reflecting the new administration’s drive to reduce the size of the state, Infrastructure Minister Tarcisio Freitas said on Tuesday.

Freitas also said in a radio interview that the right-wing government of President Jair Bolsonaro, inaugurated on Jan. 1, is considering awarding licenses for private-sector firms to build and operate 5,600 kilometers of new toll roads and bid again on 4,000 kilometers of existing toll roads.

By Reuters Staff

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It’s just a week into 2019 and Brazil is the best stock market in the world. Parabens, Jair Bolsonaro. Until the army tanks roll in, as his opponents believed just four months ago, Brazil is on track to be the best performing market this quarter, if not in the first half of 2019.

Based on the biggest, passive trades in the markets, the iShares MSCI Brazil is beating the SPDR S&P 500, Russia, India, China (duh), Mexico, FTSE Europe, Japan and the broader MSCI Emerging Markets Index.

Fitch Solutions forecast Brazil’s GDP growth to hit 2.4% this year, up from 1.3% last year.

Brazil’s economic recovery will pick up steam over the next couple of quarters, Fitch Solutions researchers wrote in a report published on Tuesday. They cited positive business sentiment bolstered by Bolsonaro’s new administration.

By Keneth Rapoza via Forbes

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ANTES DE FALAR, ERA PRECISO FAZER.

Atravessamos uma grave crise, a maior da nossa história. A empresa foi vítima e nunca se beneficiou dos atos desonestos de um pequeno grupo de executivos. De tudo que nos foi tirado, certamente a sua confiança foi a coisa mais valiosa.

A sociedade merece uma explicação. Mas, antes de falar, era preciso fazer. E muita coisa já foi feita. Mudamos a empresa e agimos, sem hesitar diante dos problemas. Com tolerância zero à fraude e à corrupção, implementamos uma série de ações efetivas de combate à corrupção para evitar que os problemas voltem a acontecer.

Estamos passando essa história a limpo.

Conheça o artigo completo e assista o vídeo.

RIO DE JANEIRO, Nov 12 (Reuters) – Brazil’s Petroleo Brasileiro SA (Petrobras) has begun oil production at its P-75 platform in the pre-salt area of the Santos Basin, the state-run oil company said on Monday.

The platform, located in the Buzios 2 oilfield, will be able to produce up to 150,000 barrels per day of oil and six million cubic meters of natural gas, the company’s statement said. (Reporting by Gram Slattery Editing by David Goodman)

Reference: www.reuters.com
Posted by Letícia França | drummondadvisors.com

Flexibilization is positive, but it is necessary to consider the fiscal and structural parts of the process

Keeping an eye on the competitive growth of the financial sector and the reduction of the cost of credit, the government decreed, on October 30, the simplification of the operation process of foreign Fintechs companies in the Brazilian market.

Previously, foreign financial technology companies were required express authorization from the Presidency of the Republic to enter into Fintech’s national system — a time-consuming and complicated bureaucracy that ran into other problems, such as the difficulty of applying international venture capital funds in exchange of capital in Brazilian companies, a common and even expected process of the sector.

The withdrawal of this obligation applies to companies that act as a Direct Credit Society (Sociedade de Crédito Direto or SCD), which are the companies that lend their own resources, and as a Partnership Between People (Sociedade entre Pessoas or SEP), which are the bridge between those who needs money and those who wants to lend it.

But even with all this easiness, Michel de Amorim warns of the fiscal and structural consequences of the process. “We must be aware of the complexity of taking a financial technology company to the Brazilian market. The structuring of the company — from the corporate structure to the location of the company —, its tax planning and risk analysis, for example, are points that deserve extra attention and cannot be ignored,” says Amorim.

In the long run, Amorim sees even greater impacts from the decision. “We can already feel the immediate competitive growth. In the medium term we will see the Brazilian and American financial markets being permanently heated, and a greater opening for other trade agreements between Brazil and the United States to take place,” he concludes.

 

Reference: drummondadvisors.com

Program provides incentives for automakers that prioritize the use of biofuels

Brazil´s President Michel Temer sanctioned this Monday, December 10, 2018, Law 13755, creating ROTA2030, a program that establishes incentives to increase efficiency and reduce greenhouse gas emissions in transportation, and gives a direction of future investments in research and new technologies for the automobile industry in Brazil. The measure was published at the Federal Official Gazette this Tuesday, December 11th.

ROTA 2030 was a program widely discussed by all the actors involved in the production and commercialization of cars and fuels in Brazil, with the participation of civil society representatives and a wide representation of Parliamentarians from the two houses of Congress.

ROTA 2030 is considered the Siamese brother of RENOVABIO, since it establishes incentives for the increase of efficiency in the technology used by vehicles, just as RenovaBio promotes the energetic-environmental efficiency in the production of biofuels.

One of the most important elements of ROTA 2030 was the approval of the Parliamentary Amendment authored by Deputy Arnaldo Jardim, approved in the form of Paragraph 4o. of Article 2 of the legislation, which reads as follows:

Paragraph 4. Hybrid vehicles equipped with an engine that alternately or simultaneously uses gasoline and ethanol (flexible fuel engine) shall have a reduction of at least three percentage points in the rate of IPI (industrial products tax) in relation to conventional vehicles of similar class and category, equipped with the same type of engine.

According to Congressman Arnaldo Jardim, the device is a way of recognizing the externalities of ethanol, which is a fuel that makes the difference, as it generates income, employment, is renewable and still fights greenhouse gases.

On Thursday, in a ceremony at the Presidential Palace, President Michel Temer, Ministers and members of the Parliament will celebrate the enactment of the Law, and Toyota will announce the installation of the first worldwide assembly line of hybrid vehicles with flex technology, capable of using ethanol fuel.

Below is the full text of Law 13755, published in the Official Gazette of December 11th, 2018.

DATAGRO, December 11, 2018.

LEI NO 13.755, DE 10 DE DEZEMBRO DE 2018

 

Read full article on portal.datagro.com

By Agamoni Ghosh and Sruthi Shankar

Dec 13 (Reuters) – Brazilian stocks edged higher for the third straight day in line with global equities on signs of
easing China-U.S. trade tensions, while most Latin American currencies weakened.

Investors have been slowly growing less pessimistic about the chances of a China-U.S. trade deal after a slew of news this week pointed to easing tensions between the two powers.

China made its first major U.S. soybean purchases in more than six months on Wednesday, evidence that it was living up to pledges made when Presidents Donald Trump and Xi Jinping agreed to a 90-day detente to negotiate a trade deal.

Sao Paulo’s benchmark stock index rose 0.4 percent led by shares of material and consumer companies, shrugging off data that showed a surprise fall in retail sales volumes excluding cars and building materials in October from September.

Utility giant Companhia Paranaense de Energia was the top gainer on the index on news of a former executive director of a television channel, Daniel Pimentel Slaviero, taking over as the president of the state electricity company.

The Brazilian real edged lower, pushing MSCI’s Latin American currencies index down 0.6 percent.
Brazil’s central bank on Wednesday held interest rates at an all-time low and hinted that it will hold off from raising them for longer than expected.

“The dovish statement could cause the real to weaken a little, but I wouldn’t expect a huge move.”
– said Edward Glossop, emerging markets economist at Capital Economics, specializing in Latin America.

The Mexican peso dipped for the first time in three days as investors awaited the first budget from the country’s new leftist government on Saturday.

“I suspect there might be some weakness in the peso leading up to the budget. There could be some uncertainty about what might be included.” – said Glossop.

New finance minister Carlos Urzua, who is due to present the 2019 budget, told a congressional hearing he was targeting a primary surplus of about 1 percent of gross domestic product.

A group of investors holding bonds issued for a new Mexico City airport that President Andres Manuel Lopez Obrador has canceled said that it cannot support an amended bond buyback because problems still remain despite improvements to the plan.

Read full article on reuters.com

By Mario Sergio Lima and Matthew Malinowski

Brazil held its benchmark interest rate unchanged at a record low amid a sharp downturn in inflation and feeble economic activity.

The bank board, led by its President Ilan Goldfajn, on Wednesday kept the Selic rate at 6.50 percent for the sixth straight meeting in a move expected by all 39 analysts in a Bloomberg survey. The meeting was one of the last under Goldfajn, who will step down from his position in the coming months.

In a statement accompanying the decision, board members wrote that the risk of slow growth leading to lower-than-expected inflation had increased. In addition, chances of stronger price pressures stemming from the possible frustration of domestic reforms had moderated.

“The Committee judges that various measures of underlying inflation are running at appropriate or comfortable levels. This includes the components that are most sensitive to the business cycle and monetary policy,” policy makers wrote.

Brazil has withstood turbulence stemming from this year’s presidential vote and global investors’ stampede from risky assets. As the country’s currency weakened to a record low before the October vote, investors started betting on interest rate increases as early as this year. But the victory of Jair Bolsonaro, combined with tepid economic growth and faster-than-forecast deflation, eventually delayed such bets to end-2019.

 

Read full article on bloomberg.com

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