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.

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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.




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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.




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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.




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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.




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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.




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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.




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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.




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