Brazil country-specific exchange traded funds climbed Friday after a major institution of the Brazilian financial system moved to ease liquidity concerns and President Jair Bolsonaro aims to spend big on “Pro-Brazil” infrastructure to stimulate a beleaguered economy.

On Friday, the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) increased 4.3% and the iShares MSCI Brazil Small-Cap ETF (NasdaqGM: EWZS) advanced 3.4%.


By Max Chen via ETF Trends


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RIO DE JANEIRO, Aug. 27 (Xinhua) — Confidence among Brazil’s industrialists increased for the fourth consecutive month in August, almost fully rebounding from the negative impact of the COVID-19 pandemic, a Brazilian economic think tank said on Thursday.

According to the Getulio Vargas Foundation (FGV), the Industrial Confidence Index rose by 8.9 points in August to 98.7, recovering 40.5 points or 93.8 percent of the 43.2 points it lost in March and April, when the pandemic started to take hold.




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SAO PAULO, Aug 27 (Reuters) – Brazilian government has decided to remove temporarily import tariffs on rice, corn and soybeans, an Agriculture Ministry official told local newspaper Valor Economico.

The move aims at fighting inflation, as prices for the three products have risen recently, according to the report.


By Carolina Mandl via Successful Farming


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The number of fintechs operating in Brazil went from 604 in June last year to 771 in August this year, a 28% growth, according to the 9th edition of Radar Fintechlab survey.

FintechLab co-founder, Fábio Gonsalez, said that there is a high number of new firms present in this edition. Of the 771 companies present, 270 of them, about 35% ,were not included in the previous version of the report. “It is a strong indication that they are startups that are less than a year old. This proves once again that the ecosystem continues to find opportunities to improve services and create new solutions that are very strongly influenced by regulatory advances such as Open Banking and PIX, for example ”, he says.


By Marcelo Bradaschia via LABS


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São Paulo – In 2014, Brazilian businesswoman Maria Eduarda Becker (pictured above) began her journey in Dubai, United Arab Emirates. She arrived in the country as a barista and established herself as a leading professional there and in neighboring countries such as Saudi Arabia. Now, Becker owns Três Marias Coffee, a brand that she created to offer courses and training to coffee professionals and the public at large. She is also a partner of the trade company Ally Coffee in the Middle East and North Africa (MENA) region and works with them to create market for green coffee, particularly from Brazil and Colombia.

The entrepreneur defends a broader view of the product, going beyond the current hype. “My slogan is ‘Specialty Coffee Made Simple.’ Is it special? Yes, because it’s high-quality. But countries like Brazil show that specialty coffee is made just like any other commodity. It’s just business. It’s made by businesspeople that want to grow and diversify the industry,” she told ANBA.


By Thaís Sousa via Brazil-Arab News Agency


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Early in the pandemic, the World Health Organization emphasized testing in controlling the pandemic. The phrase, uttered by the Director-General of WHO, Tedros Adhanom, and reverberated around the world. The countries that have best faced the pandemic have had mass testing strategies. After five months, Brazil’s testing capacity is still in its infancy.

But the recent inauguration of a new testing unit at Fiocruz (Fundação Oswaldo Cruz) in Rio de Janeiro, with a processing capacity of up to 15,000 RT-PCR exams per day, and the expectation of opening another unit on Monday ( 24), in the metropolitan region of Fortaleza (CE), with a capacity of 10,000 daily samples, will finally elevate the country to the level of testing in countries such as the United States and England.


By Ana Bottallo via Folha de S. Paulo


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São Paulo – Students from the Arab countries Algeria, Egypt, Morocco, Tunisia, Lebanon and Syria are eligible to pursue graduate studies in Brazil in 2021. Enrolments will be accepted until September 30 for the selection process of Programa de Estudantes-Convênio de Graduação (PEC-G), the Secretariat for Higher Education at the Brazilian Ministry of Education said.

The PEC-G program is available to students from countries in Africa, Latin America, the Caribbean, Oceania, Asia, and Europe with which Brazil sustains agreements. After completing the program, students are expected to return to their countries of origin. Seats are made available free of charge at Brazilian universities, which are tasked with informing the Ministry of Education how many seats are available, and in what courses.


Via Brazil-Arab News Agency


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There has been a significant increase in online access to financial offerings and government services in Brazil among low-income citizens, according to a study on the role of the Internet during the Covid-19 outbreak.

The study carried out by, research arm of the Brazilian Network Information Center ( suggests that Internet access through all devices has gone up significantly and online traffic in Brazil has reached record levels in the last five months, peaking at 13,5 Tbps.


By Angelica Mari via ZD Net


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Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies.

According to regional media reports, Brazilian firms that specialize in cryptocurrency custody services, brokerage services, and exchanges “will now have to incorporate measures to prevent crime and money laundering on their platforms.”


By Terence Zimwara via


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Brazilian fintech Ebanx has launched a logistics startup in the United States as part of a strategy to get more international e-commerce firms to tap into the Latin American consumer market.

With its new logistics arm Leve, Ebanx is positioning itself as a strategic partner for retailers wanting to reach Latin markets and are not doing so due to the currently precarious experience consumers in those countries face when buying products from international e-commerce firms.


By Angelica Mari via Forbes


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SÃO PAULO – In the midst of the growing climate crisis, the world can no longer rely solely on old models of economic development. In this context, the concept of a bioeconomy – activities that produce relatively little carbon, using high-value-added processes – is gaining increasing prominence. But governments and civil-society actors face differing institutional and economic obstacles on the path to a true bioeconomy.

Given historical and current global energy-consumption trends, some European and North American countries have taken seriously the goal of developing renewable energy sources. On the other hand, some countries in the Global South, where agriculture represents the main source of greenhouse-gas emissions and biodiversity loss, face the challenge of establishing a bioeconomy based on new agricultural models.

By Pedro Frizo via Project Syndicate

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Brazil’s biofuels industry is considering blockchain technology to clear logjams that are preventing corn ethanol and biodiesel plants from issuing carbon credits.

According to a recent industry webinar, officials involved in talks between the government and industry leaders are mapping out the challenges of traceability – that is, the ability to document the production process of each corn ethanol or biodiesel plant all the way back to the tens of thousands of corn or soybean farmers that produce the feedstock grains.
”Blockchain technologies may be a solution for improving traceability,” Alexandre Alonso, head of the agroenergy department at the government’s crop research company Embrapa, adding that the approach would also protect proprietary information.
Blockchain, widely used in the cryptocurrency industry, is a digital system that preserves a record of transactions along a supply chain on to a peer-to-peer network for transparency.
Brazil began implementing its sweeping biofuels law known as Renovabio this year. But certification of biofuel plants to issue the carbon credits known as Cbios has lagged.


Via Argus


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BRASILIA/RIO DE JANEIRO (Reuters) – The spread of coronavirus in Brazil could be about to slow, the Health Ministry said on Wednesday, amid reports the transmission rate has fallen below the key level and early signs of a gradual decline in the weekly totals of cases and fatalities.

The cautious optimism comes despite figures again showing a steady rise in the number of confirmed cases and death toll in the last 24 hours, cementing Brazil’s status as the world’s second biggest COVID-19 hot spot after the United States.


By Ricardo Brito and Pedro Fonseca via Reuters


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Brazilian health regulators said Tuesday they had approved Johnson & Johnson’s experimental vaccine against the new coronavirus for the final stage of clinical trials, the fourth vaccine to receive widespread testing in the hard-hit country.

The US pharmaceutical company’s subsidiary Janssen will test the vaccine on 7,000 volunteers across seven states in Brazil, part of a group of up to 60,000 worldwide, health regulator Anvisa said in a statement.


Via Asia Times


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RIO DE JANEIRO – Petrobras and its partners have committed to the third development phase of the Mero project in the Libra block in Brazil’s presalt Santos basin.

The company has signed a letter of intent with Malaysian contractor MISC Berhad for the charter and services for the FPSO Marechal Duque de Caxias for the Mero field, thought to hold up to 4 Bbbl of recoverable oil.


Via Offshore


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In the first program of this new monthly series, join Greenspoon Marder IP attorneys for a lively discussion around unique pop culture trademark issues.

You’ll hear about hundreds of pending trademark applications for “COVID,” and a bunch of trademark applications for “Ok, Boomer” and variations of “Karen.” Oh my, what a mess!

Aug 27, 2020 01:00 PM in Eastern Time (US and Canada)


Click here to Register

Last week, the National Bank for Economic and Social Development (BNDES) announced an increase in the airline bailout, from 2.4 billion reais (US$440 million) to 3.6 billion reais (US$660 million). Why did the bank do that? Also, what are the airlines thinking about financial support? Let’s investigate further.

Since March, Brazilian airlines and the BNDES have been negotiating on a bailout to help them during the COVID-19 crisis. However, the talks between the parties have had delays over and over again.


By Daniel Martínez Garbuno via Simple Flying


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The Brazilian solar market seems not to have been significantly slowed down by the Covid-19 crisis, according to a new report from Brazil-based consultancy Greener.

The company’s analysts reported that total module shipments in the market in the first half of the year totaled 2,599 MW, with panel imports reaching 2,490 MW and domestic products accounting for 109 MW, which represents around 4.4% of the total market share.


By Emiliano Bellini via PV Magazine


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Brazilian startup iFood has received authorization from Brazil’s National Civil Aviation Agency (ANAC) to start experimental flights with drones to support its food delivery service.

iFood’s partner companies Speedbird Aero and AL Drones had been working towards securing the authorization for nearly a year. The companies carried out rehearsals as part of the project with ANAC’s participation and received the Experimental Flight Authorization Certificate from the agency on August 5.


By Angelica Mari via ZD Net


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NEW YORK/SAO PAULO, Aug 14 (Reuters) – Brazil is facing a difficult choice between going up against a powerful local sugar lobby and angering a key ally, U.S. President Donald Trump, as a major decision on international ethanol trade looms.

A Brazilian tax-free ethanol import quota used entirely by U.S. producers is set to expire on Aug. 31, unless the government renews it. Allowing 750 million liters per year, it is a welcome volume for U.S. ethanol makers as the pandemic hit their business.


By Marcelo Teixeira, Stephanie Kelly, Roberto Samora and Caroline Stauffer via Reuters


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Brazil will require more information and talks before it commits to buying the Russian COVID-19 vaccine, which is at a very early stage, the country’s acting health minister said on Thursday.

With the world’s second-worst coronavirus outbreak, Brazil has become a magnet for drugmakers seeking partners to test their potential vaccines – and then produce and buy the successful candidates.


Via The Jakarta Post


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Brazil, home to the most severe Covid-19 outbreak in Latin America, is emerging with the region’s shallowest recession this year, thanks to a faster economic reopening and temporary stimulus measures.

The nation that trails only the U.S. as a global virus hotspot has seen key indicators including industrial output and retail sales outstrip economist expectations just as stores and factories resume operations and the government spends billions of dollars worth of emergency aid.


By Andrew Rosati via Bloomberg


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Rio de Janeiro – Brazil’s cereal, legume and oilseed output is expected to be 250.5 million tons this year. If the forecast from the Brazilian Institute of Geography and Statistics (IBGE) proves true, output will be 9 million tons and 3.8% bigger than in 2019.

The IBGE’s July forecast is up 1.3% from the one from June. The planted area estimate is 64.9 million hectares, up 2.6% year-over-year.


By Brazil-Arab News Agency


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SANTIAGO (Reuters) – Chile´s Senate approved late on Tuesday a free trade agreement with Brazil, cementing the South American nation´s long-standing relationship with its top trade partner in Latin America.

The agreement, which builds on rules facilitating commerce already in effect between Chile and Mercosur bloc nations Brazil, Argentina, Paraguay and Uruguay, is likely to boost thriving trade between the two nations.


By Dave Sherwood via WKZO


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Some Twitter users in Brazil may be seeing a timeline that’s purely in Brazilian Portuguese even if they’re following accounts that usually tweet in other languages. That’s because Twitter has started testing automatic translations in the region “to make it easier to understand the conversations [they] follow.” In a blog post by Twitter Brazil, the company said the feature will be on by default for a limited number of users on both iOS and Android. While Twitter already has a translation feature, users still have to click or tap a tweet to activate it.


By Mariella Moon via Engadget


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While DeFi may have some traders dreaming of complicated lending strategies and governance protocols, in certain parts of the world it’s still Bitcointhat promises a censorship-resistant way to protect against rapidly inflating local currencies.

According to a recent report from analytics firm Arcane Research, Bitcoin has just broken price records in Argentina, Brazil, and Turkey—with growth (in fiat terms) of 169%, 20%, and 5%, respectively, over the last two months.


By José Antonio Lanz via Decrypt


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SÃO PAULO, Brasil–(BUSINESS WIRE)–The Western Union Company, a leader in cross-border, cross-currency money movement and payments, today announced an expansion of services between its Western Union Business Solutions division and Banco SEMEAR in Brazil to offer the WU® GlobalPay for FI platform, the Company’s solution for financial institutions that enables customers to make international payments simply and efficiently.

GlobalPay for FI provides the benefits of international payment services without the need to invest in new banking systems infrastructure. Western Union Business Solutions’ online platform allows for processing transactions using a network that spans more than 200 countries and territories, and is available in more than 130 currencies. GlobalPay for FI is a simple and intuitive system that facilitates the creation of international payments.


Via Business Wire


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Stores have started to reopen after the social distance measures, but customers are returning to shopping slowly. The perception among executives in the commerce sector is that new consumers of different age and income groups have joined the ease of buying over the internet – and digital sales are expected to reach higher levels than pre-Covid.

Retailers recorded a loss of 36% in revenue during the pandemic, and the drop was not only more profound due to the performance of e-commerce, evaluate experts in the segment. Data released this Wednesday (22) by Neotrust / Compre & Confie, a market intelligence company, reflects this consumer movement.


By Paula Soprana via Folha de S. Paulo


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SÃO PAULO–Brazil’s inflation accelerated in July from the previous month as fuel and electricity prices increased

Consumer prices increased 0.36% from June, the Brazilian Institute of Geography and Statistics, or IBGE, said Friday. Prices rose 2.31% from a year earlier. In June, prices rose 0.26% and increased 2.13% from a year earlier.


By Jeffrey T. Lewis via Market Screener


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BRASILIA (Reuters) – Brazilian President Jair Bolsonaro issued a decree on Thursday that will set aside 1.9 billion reais ($356 million) in funds to purchase and eventually produce the potential COVID-19 vaccine being developed by AstraZeneca PLC and Oxford University researchers.


By Anthony Boadle and Pedro Fonseca via Reuters


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Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to data released by the Foreign Trade Secretariat, Secex.

The volume was the second-highest in 2020, behind the 8.4 million tons shipped in May, and it also approaches the monthly record registered in December 2019, when the country exported 8.5 million tons of oil.


Via Merco Press


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Brazil’s central bank cut its key interest rate by a quarter point to an all-time low and didn’t rule out additional reductions as policy makers seek to stimulate an economy ravaged by the coronavirus pandemic.

The central bank, led by its President Roberto Campos Neto, on Wednesday lowered the benchmark Selic to 2% following back-to-back reductions of 75 basis points, as forecast by 33 of 37 economists in a Bloomberg survey. The other four analysts expected borrowing costs to remain steady.


By Mario Sergio Lima via Al Jazeera


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São Paulo – Sugar exports from Brazil nearly doubled year-on-year in July, as per numbers from the Brazilian Ministry of Economy’s Secretariat of Foreign Trade (Secex). Exports were up 83% in revenue and 91% in volume.

Last July saw 3.4 million tons of sugar and molasses shipped from Brazil, up from 1.8 million tons in July 2019. Revenue climbed to USD 964.3 million in July of this year from USD 528 million in July 2019.


Via Brazil-Arab News Agency


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Brazil’s new Data Protection Law (LGPD), modeled largely on the European Union’s General Data Protection Regulation (GDPR), could go into effect as early as August 27, 2020. Once effective, organizations with operations in Brazil will be required to implement a comprehensive data protection program addressing employment related data, including, for example, data processing notices for applicants and employees, agreements with service providers that handle applicants’ and employees’ data, information security policies and procedures, processes for responding to employees’ requests to exercise their rights, and the designation of a “person in charge”.

The panel will explain the complex legislative maneuvering surrounding the LGPD’s effective date, describe key compliance requirements, and provide practical tips for addressing implementation.

To enhance the experience and the discussions, the panel would like to hear your concerns relating to these topics, so please send questions in advance to Please forward your questions by July 31st.


Webinar is complimentary.

Our webinar audience capacity is limited – register soon.

Login information will be provided to participants the day before the webinar.


Renata Neeser, Shareholder
Philip L. Gordon, Shareholder | Co-Chair, Privacy and Background Checks Practice Group

August 6, 2020

Time Zones:

11:00 a.m. PT
12:00 p.m. MT
1:00 p.m. CT
2:00 p.m. ET
3:00 p.m. BRT

60 Minutes


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BRASÍLIA, Brazil, Aug. 3, 2020 /PRNewswire/ — Apex-Brasil (the Brazilian Trade and Investment Promotion Agency), together with its partners from the private sector, today shared critical insights outlining the country’s upward trajectory in agriculture and livestock production, despite recent challenges predicated by the COVID-19 pandemic. A series of seven factsheets highlights Brazil’s continued advancements in agricultural technology, productivity and safety, which have positioned the country to effectively manage through the current crisis and prepare for a post-pandemic future.

These factsheets come out at a pivotal moment when the global agriculture market has been severely impacted by COVID-19. In fact, there’s mounting evidence that suggests that an estimated 265 million people could face acute food insecurity by 2020 – up from an estimate of 136 million people prior to the pandemic. However, despite these alarming trends, Brazil’s agricultural growth is showing no signs of slowing down. According to IPEA (the Ministry of Economy’s Institute of Applied Economic Analysis), Brazil’s agricultural sector is estimated to grow by 2.5% this year, with some private sector analysts estimating it could reach as high as 3%.


Via PR Newswire


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BRASILIA (Reuters) – The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.

That compares with -6.5% a month ago, and while it would still comfortably represent the steepest annual downturn on record, it is the most optimistic outlook since May.


By Jamie McGeever via Reuters

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SAO PAULO — Brazil’s central bank has authorized testing of payments via Facebook Inc’s messaging service WhatsApp in the country, Visa Inc and Mastercard Inc said on Friday, easing an outright ban on the service imposed last month.

The ubiquitious messaging service in Brazil was finally entering the arena of payments by launching the service on June 15, after years of questions on how Facebook would make money from WhatsApp.


By Aluisio Alves via The New York Times


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