Month: August 2022

Brazil Jobless Rate Falls to 9.1% in 3-Month Period Through July

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Brazil’s unemployment rate declined in the three months through July to the lowest level since 2015 as hiring rose in every category measured.

The jobless rate reached 9.1% in the three months through July, from 9.3% in the three months through June and 13.7% in the year-earlier period, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday.

The number of people with jobs rose to 98.7 million in the three months through July from 98.3 million in the three months through June, while the number of people seeking employment fell to 9.9 million from 10.1 million during the same period.

The strength of Brazil’s labor market has surprised economists repeatedly in recent months, helping boost expectations for economic growth as well. The services sector has been especially strong amid an ongoing post-lockdowns recovery and government programs that have boosted spending power among Brazil’s poorest residents.

By Jeffrey T. Lewis via MarketWatch

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Indústria da moda aposta em produtos de menos impacto ao meio ambiente

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Com investimento em tecnologia e inteligência, setor aposta em produtos têxteis que circulam mais e são mais sustentáveis

Em sua primeira “loja circular”, inaugurada no fim de 2021 no Rio de Janeiro, a Renner montou uma espécie de vitrine de suas iniciativas de sustentabilidade. Ali, amostras da pauta de sustentabilidade da empresa estão presentes desde a arquitetura – com uso de materiais reciclados e recicláveis e reaproveitamento de 97% de resíduos – até o abastecimento com energia originada de fonte eólica.

Estão também na seleção de peças com Selo Re (indicativo de que geram menor impacto ambiental na produção), no coletor do serviço de logística reversa e no espaço dedicado ao Repassa, plataforma de revenda de vestuário, calçados e acessórios adquirida ano passado. Hoje, a Renner conta com mais uma loja circular. E recebeu, por essas e outras estratégias, a maior pontuação entre as empresas de varejo no S&P Global Sustainability Yearbook 2022.

Leia mais: “Tudo é ESG”: CEO da Vivo detalha iniciativas da empresa

“É um reconhecimento importante de que estamos em um bom caminho”, diz o diretor presidente da Lojas Renner, Fabio Faccio. “O S&P integra as empresas de capital aberto com as melhores práticas de sustentabilidade no mundo, e já estamos pelo quinto ano consecutivo no índice, sendo que neste último atingimos a classificação máxima. Mas sabemos que ainda temos bastante coisa para fazer, por isso lançamos metas para continuar evoluindo no tema.”

Por Mariana Weber e Maria Rita Alonso via Forbes Brasil

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DATAGRO Crop Opening – Soybean, Corn, and Cotton 2022/2023 Focuses on Biologicals Market in Panel on Inputs

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In-person meeting of the Brazilian grain and cotton chain will highlight, in panels, analyzes and projections by specialists from the public and private sectors for the short, medium and long term

The DATAGRO Grain Harvest Opening – Soy, Corn and Cotton event brings, for the third consecutive year, information and data on the 2022/23 harvest and prospects for the coming years with topics such as world and Brazilian economy, input market, biofuels, complex of meat and trends for the production, consumption and commercialization of grains and fibers for the next 10 years. The meeting will take place on August 29, at the Renaissance Hotel, in São Paulo (SP). The Harvest Opening will feature the presentation of Koppert, leader in Brazil and in the world in biological control. The company’s commercial director, Gustavo Herrmann, will be one of the speakers on the panel “Input market for the 2022/23 crop — soybeans, corn and cotton — seeds, limestone, fertilizers, pesticides and agricultural machinery”, with representatives from CropLife Brasil, Anda (National Association for the Diffusion of Fertilizers) and Abracal (Brazilian Association of Agricultural Limestone Producers).

Via DATAGRO

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Brazil brokerage giant with 3.6M clients launches BTC and ETH trading

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XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre.

Brazilian brokerage giant XP Inc has officially launched its crypto trading platform XTAGE in Brazil, bringing a potential 3.6 million users to the crypto markets.

The news was broke in a Monday post by the Nasdaq Exchange Twitter account, noting that XP had rung the exchange’s “Opening Bell” to celebrate the launch of the XTAGE digital assets trading platform.

Initially, XP Inc’s 3.6 million clients will have access to Bitcoin (BTC) and Ether (ETH) trading, but the broker told Cointelegraph back in May that there were plans to “support other digital assets and investment products based on crypto assets in the future.”

By STEPHEN KATTE via Cointelegraph

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Bradesco Creates ESG Unit to Help Clients Meet Growing Demand

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Banco Bradesco SA, Brazil’s second-biggest bank by market value, created a unit in its investment-banking operation focused on advising clients on environmental, social and governance standards.

“We want to help companies achieve ESG standards so they can reach a broader base of investors in a bond sale,” said Felipe Thut, who runs Bradesco BBI, the firm’s investment-banking arm. “We see demand for those products growing each day, and firms need to adapt.”

By Cristiane Lucchesi and Vinicius Andrade via Bloomberg

Global M&A Industry Trends: 2022 Mid-Year Update

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M&A reset: As market headwinds pick up speed, the second half of 2022 is providing an opportunity for dealmakers to reassess strategy and act boldly.

What a difference six months makes. At the start of 2022, dealmakers were riding high from the best year on record for global M&A, with more than 60,000 publicly disclosed deals breaking US$5tn in value for the first time. We predicted that this year wasn’t likely to top 2021 in the face of growing headwinds—but the market expected M&A to continue to prosper. Fast-forward to mid-year. Not only have the headwinds grown stronger, but new ones have emerged, including rapidly accelerating inflation and interest rates, lower stock prices, and an energy crisis deepened by the Russia–Ukraine conflict.

By PwC

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Brazil’s FIAGRO promotes agribusiness: key points about this new form of investment

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With favorable climate conditions, extensive arable land, and advanced methods of cultivation, Brazil is one of largest food producers in the world.

According to data from the Center for Advanced Studies in Applied Economics (CEPEA),[1] in 2021 Brazil’s agribusiness sector accounted for 27.4 percent of the country’s GDP – the highest rate since 2004.

Now, to reduce agricultural dependency on public subsidies and forge closer ties between the financial and capital markets and the agribusiness sector, Brazil has created an alternative form of investment via Federal Law n° 14,130/2021: Investment Funds in Agro-industrial Production Chains, popularly nicknamed FIAGRO.

What is FIAGRO?

As the Brazilian government notes, “FIAGRO is built on the model of popular real estate investment funds.”  It will allow investors “to have agro bonds in their portfolio, similar to what happens today in real estate funds, opening the possibility for small, medium and large investors to operate in the sector, democratizing investment.”

FIAGROs subsidize interest rates for agriculture production by encouraging private investors, insurers, lenders, fintechs and others to structure loans, collateral, investments and tax plans in Brazil’s agricultural sector.

Why FIAGRO?

By creating the FIAGRO structure, the Brazilian government is aiming to move financing of agricultural production from public subsidies into private hands. The goal is to encourage broad investment in agriculture. FIAGRO was created to:

  1. reduce dependence on public subsidies – transitioning to a financing model based on private credit rather than public coffers
  2. offer a safe and flexible instrument of investment to forge ties between the financial and capital markets and the agribusiness sector, with the goal of increasing the amount of credit and resources flowing to agrobusiness, including to small producers
  3. attract both domestic and foreign investments to Brazilian agribusiness and
  4. mitigate the barriers that foreign investors face so they can participate in the land market– in Brazil.

By Renato Lopes da Rocha via DLA Piper

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Tribute to José Luis Cutrale (1946-2022)

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Tribute to José Luis Cutrale

(September 17, 1946 – August 17, 2022)

1988 Person of the Year

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on August 17, 2022 at age of 75, of José Luis Cutrale, in London.  Mr. Cutrale was the 1988 Brazilian Person of the Year honoree and a lifelong member of the Chamber.  A friend to many members and Directors, Mr. Cutrale was always willing to assist the Chamber.  His participation in joint projects elevated the quality of Chamber programs and strengthened ties between Brazil and the United States.

Born in São Paulo on September 17, 1946, Mr. Cutrale started working as a young boy for his father at Cantareira Municipal Market in São Paulo and began growing oranges.  Twenty years later, in 1967, they founded Cutrale, which catapulted the family name to become synonymous with orange juice worldwide.  Mr. Cutrale lived his life with kindness, respect, honesty, and a strong work ethic.

Mr. Cutrale is survived by his wife, Rosana Falcioni Cutrale, and their three children – Junior, Henrique, and Graziela.

The Brazilian Scientists Inventing An mRNA Vaccine — And Sharing The Recipe

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When Moderna and Pfizer first came out with their mRNA vaccines for COVID-19, supply was limited to rich countries and they did not share the details of how to create it.

That left middle income countries like Brazil in the lurch. But for Brazilian scientists Patricia Neves and Ana Paula Ano Bom, that wasn’t the end. They decided to invent their own mRNA vaccine.

Their story, today: Aaron talks to global health correspondent Nurith Aizenman about the effort and how it has helped launch a wider global project to revolutionize access to mRNA vaccine technology.

Further reading:

This episode was produced for Short Wave by Margaret Cirino and edited by Rebecca Ramirez. It was edited for broadcast by Vikki Valentine. Fact-checking by Rachel Carlson and audio engineering by Brian Jarboe via NPR

Full article/podcast

Brazil’s BTG Pactual reports record net income, revenue in Q2

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Brazilian lender Banco BTG Pactual SA BPAC3.SA on Tuesday reported a 23.2% rise in second-quarter net income to a record 2.07 billion reais ($405.01 million), citing an “especially strong” performance in its fee-based business units.

The company’s total revenue also reached a record for a quarter at 4.51 billion reais, up 19.7% from a year earlier, despite what it called volatile international markets and a challenging local macroeconomic scenario.

Both metrics came in slightly ahead of expectations from analysts polled by Refinitiv, which were at 1.98 billion reais for net income and 4.3 billion reais for revenue.

Reporting by Gabriel Araujo, Editing by Louise Heavens, Kirsten Donovan – Reuters via Nasdaq

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Ponte aérea SP-RJ é a primeira do mundo com acesso biométrico do check-in ao embarque

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Congonhas (SP) e Santos Dumont (RJ) são os primeiros aeroportos brasileiros a implantar de forma definitiva o embarque facial biométrico 100% digital para passageiros e tripulantes.

O Embarque + Seguro é um programa conduzido pelo Ministério da Infraestrutura (Minfra), com tecnologia Serpro e parceria do Ministério da Economia. A solução, que combina análise de dados e validação por biometria, dispensa a apresentação de cartões de embarque e documentos de identificação dos viajantes de voos domésticos partindo desses terminais.

Na manhã desta terça-feira, 9 de agosto, o ministro da Infraestrutura, Marcelo Sampaio, acompanhado dos ministros da Cidadania, Ronaldo Bento, e do Turismo, Carlos Brito, liderou uma comitiva governamental para vistoriar o funcionamento de todo o acesso biométrico. As autoridades acompanharam diversos embarques diretamente do aeroporto de Congonhas. O presidente Gileno Barreto, o diretor de Relacionamento com Clientes, André de Cesero, os superintendentes Brenno Sampaio, Rafael Soto e Giordanni de Paiva e o chefe de Divisão, Luciano Cunha, foram os representantes do Serpro no marco de inauguração do sistema.

Com o Embarque + Seguro operando nos aeroportos que formam a rota de maior movimento do país, o Brasil tem agora a primeira ponte área biométrica de ponta a ponta do mundo.

Via Comunicação do Serpro

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Global Entry: available for Brazilian citizens

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The U.S. Customs and Border Protection (CBP) announced the resumption of Global Entry arrangement with the Government of Brazil for Brazilian Citizens.

The agreement includes those entering the United States for tourism and certain business purposes.

The application is available through Global Entry website: Click here to learn how to apply

Global Entry allows an expedited clearance for pre-approved, low-risk travelers upon arrival at United States airports. Members enter the United States through automatic kiosks at numerous airports located within the U.S. and at Preclearance locations around the world. Brazil now joins a growing list of 13 Global Entry partner countries with full arrangements, including Argentina, Colombia, Germany, India, Mexico, the Netherlands, Panama, the Republic of Korea, Singapore, Switzerland, Taiwan, and the United Kingdom. Learn more

Brazil’s Itau Unibanco beats profit expectations, raises loan forecast

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Itau Unibanco (ITUB4.SA) on Monday beat profit expectations and substantially raised its loan growth forecast for this year even as it boosted provisioning for bad credits, reflecting higher Brazilian interest rates.

Brazil’s largest lender said second-quarter recurring net profit rose 17.4% from the previous year to 7.67 billion reais ($1.50 billion), beating analyst expectations of 7.48 billion reais, as compiled by Refinitiv.

The bank also said its loan book is likely to grow between 15.5% and 17.5% this year, above a previous estimate of 9%-12%.

Its 2022 cost of credit, which is mainly composed of cash set aside for loans likely to default, is now seen in the range of 28 billion-31 billion reais, up from the previous forecast of between 25 billion and 29 billion reais.

In the three months ending June 30, Itau’s loan-loss provisions reached 7.81 billion reais, up 61.7% from last year, while its loan book rose 19.3% on a year-on-year basis to 1.08 trillion reais.

By Peter Frontini via Reuters

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26TH INFFINITO BRAZILIAN FILM FESTIVAL

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HERE COMES THE INFFINITO FILM FESTIVAL

From September 10 to 25th, the 26th edition, in a hybrid format, is bringing 70 US premieres, a tribute to producer Debora Ivanov and Adriana Calcanhotto’s Concert in Miami.

Click here for PRESS KIT/PHOTOS 

The Inffinito Film Festival, the largest and most relevant Brazilian film festival held abroad, reached its 26th edition. From September 10 to 25th, 70 Brazilian productions will be shown in hybrid format, all premieres in the United States (full lineup below). The festival starts with an outdoor event in Miami, marking the return of the in-person competitive screenings, now at MDC’s Tower Theater Miami and Adriana Calcanhotto’s concert at the Miami Beach Bandshell. In addition, the traditional virtual screenings, available to the American public, bring 57 films, 10 of which are documentaries, 19 short films in competition, and 28 in parallel exhibitions. Furthermore, the audience can watch the movies from Puerto Rico to Alaska at www.inff.online – the first international streaming platform dedicated exclusively to Brazilian audiovisual.

Invited by the Festival, Brazilian actors, directors, and producers will attend the event. Including actors Eduardo Moscovis and Bárbara Paz, directors Denise Saraceni, Lô Politti, and Gustavo Rosa, producers Debora Ivanov, Laís Bodanzky, Tiago Rezende and Carlos Moletta, singer Adriana Calcanhotto, in addition to journalists, sponsors, and guests.

The Inffinito Film Festival began in 1997 when Adriana L. Dutra, Cláudia Dutra, and Viviane Spinelli conceived the Brazilian Film Festival in Miami, in a year in which the Audiovisual Law was enacted in Brazil, which took Brazilian productions out of stagnation and boosted the retake movement. Since then, they have held 88 festivals in 13 cities worldwide: New York, Vancouver, London, Rome, Madrid, Barcelona, Frascati, Milan, Buenos Aires, Montevideo, Bogotá, Canudos, and Miami, and screened more than 2000 Brazilian films for over 2 million people.

MUSIC AND CINEMA IN MIAMI – Opening night in Miami on September 10 at the New World Center (NWC Soundscape Park – 400 17th St, Miami Beach, FL 33139), with free admission and musical performance by the Magic Flute Institute that has been teaching ballet, singing and sweet flute to children from the outskirts of Cuiabá/MT for 24 years (www.flautamagica.org.br). After the presentation, the public will watch the renowned film Pixinguinha, um Homem Carinhoso, directed by Denise Saraceni and Allan Fiterman, starring Seu Jorge and Taís Araújo. See the movie’s official trailer at: https://www.youtube.com/watch?v=LUqSZ8J3XJg).

CURATORS – The Inffinito Film Festival’s feature films curatorship is composed of filmmaker, documentary filmmaker, and director of Circuito Inffinito Adriana L. Dutra, by film critic Ricardo Cota. Audiovisual producer Malu de Martino curates the documentaries and producer Laura Fernandes and Adriana Dutra curate short films.

COMPETITIVE FEATURE SCREENINGS – From September 11 to 16, the Competitive Feature Film Screenings will take place at Tower Theater Miami (Tower Theater Miami – 1508 SW 8th St, Miami, FL 33135). The diversity of themes and styles gives the selection of feature films in competition a panorama of contemporary Brazil. The country is experiencing a moment of immersion in its own problems, which range from existential crises (Why don’t you cry?) and family crises (Sol) to the struggles of women (Mar de Dentro) and blacks (Provisional Measure). The genres also range from ripped comedy (Welcome to Quixeramobim) to portraits of personalities as distinct as those of musician Pixinguinha (Pixinguinha, Um Homem Carinhoso) and businessman Eike Batista (Eike – Tudo ou Nada). In the parallel exhibition, the five selected films maintain the tone of plurality, especially aesthetics, showing works that dialogue with theater (Antígona 442 B.C.), memory (Doctor Gama), literature (O Auto da Boa Mentira), and the constant struggle for ancestral recognition of indigenous peoples (Rama Pankararu). These films offer the viewer a unique opportunity to get to know the problems, but above all, the cultural wealth of Brazil, a country that finds its most complete translation in art.

AWARDS AND ADRIANA CALCANHOTTO CONCERT – The closing ceremony with the Crystal Lens Award for the Best Film chosen by the public will take place on September 17, at the Miami Beach Bandshell (7275 Collins Ave, Miami Beach, FL 33141), with a performance of the band Johnny’s at 6:00 pm, followed by the film Amazon/Amazônia, by Thierry Ragobert, at 7:00 pm and Adriana Calcanhotto in Concert, at 8:30 pm.

VIRTUAL SHOW – From September 10 to 25th, the program for the entire American territory will take place on http://www.inff.online. 57 film screenings in 8 virtual rooms (10 films are part of the documentary competitions, 19 of the short film competitions, and 28 film screenings)

TRIBUTE TO DEBORA IVANOV – The 26th Inffinito Brazilian Film Festival pays tribute to the producer Debora Ivanov with a special exhibition. Debora is responsible for the production of more than 60 Brazilian films. A lawyer by education and training, she was director of the Audiovisual Industry Union of the State of São Paulo and was a member of the SPCine Advisory Board. She founded the Querô Institute in Santos, an NGO aimed at low-income young people in the port region of Santos that promotes training in the audiovisual industry. In 2000, she became a partner at the production company Gullane Filmes, producing dozens of films, among them Que Horas Ela Volta?, Até Que a Sorte Nos Separe, Uma História de Amor e Fúria, among many others. She was appointed director of ANCINE in 2015. In 2017, she assumed the presidency of the Agency until 2020.

DOCUMENTARIES – The size of Brazil is proportional to the diversity of themes that permeate the stories that documentarists submitted to this selection. The variety was so great that the curatorship decided to propose clippings to bring a broader panorama of what makes up Brazilian filmmakers’ recent crop of documentaries. Others were added to the consolidated Competitive Screenings: “Ritmos do Brasil,” which travels through the plurality of Brazilian music, and “Brasil Urgente,” which highlights the most current topics these days.

TICKETS

– Opening night at New World Center Soundscape Park – Free event

– In-person Show Ticket at Tower Theater Miami – $15.00 – https://www.towertheatermiami.com/

– Ticket Award Night and show by Adriana Calcanhotto

https://www.northbeachbandshell.com/events#/events?event_id=44964

– Ticket for Virtual Exhibition at Inff.online – $8.88 – www.inff.online

The following companies and governments support the 26th Inffinito Brazilian Film Festival:

SPONSORSHIPS 2022

This program is sponsored by the Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, Miami-Dade County Mayor and Board of County Commissioners, Miami-Dade County Tourist Development Council, City of Miami Beach Cultural Affairs Program and Cultural Arts Council, Garcia Family Foundation and Titanio Films.

Inffinito Ambassadors: Laura Fernandes, Liliana Kawase and Renata Garcia

Official Hotel: Palihouse – Miami Beach

Support: MDC’s Tower Theater Miami, Miami Beach Bandshell, Little Brazil Restaurant, and ATC Cargo

Media Support: AcheiUSA Newspaper, Happens Magazine, Radio Florida Brazil

Promotion: GloboPlay

Festival Friends: BACC – Brazilian American Chamber of Commerce of Florida, Centro Cultural Brazil USA, Downtown Doral Charter Upper School, Ronald W. Regan Doral Senior High, Gulliver Prep, Morningside K8 Academy, Miami Be Happy, NExperience, Talita Pinheiro PA, Sfihas Brazil, Rejuvchip, One Concept Clinic, Florida International University, and New World Center.

Directed and Produced by Inffinito

The São Paulo Symphony Presents The Amazon Concert Sights & Sounds of Brazil

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Saturday, October 15 • 8:00pm
Stern Auditorium/Perelman Stage at Carnegie Hall

São Paulo Symphony Orchestra
Marin Alsop, conductor
Marcello Dantas, visual director

Dazzling images of the Amazon, seen through the eyes of its myriad species, ash above the stage of Carnegie Hall as Marin Alsop and the São Paulo Symphony Orchestra perform music of Villa-Lobos, Clarice Assad, Philip Glass, Tom Jobim, and others. Conceived by Visual Director Marcello Dantas, renowned for his fusion of art and technology.

 

ORDER NOW! CarnegieHall.org
CarnegieCharge: 212.247.7800
Box Oce: 57th St. & 7th Ave.

TICKETS START AT $30

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