• #economy
Back

Tag: #economy

Mercado Reduz Expectativa de Inflação e Aumenta Projeção para o PIB em 2025

Posted on

Analistas mantiveram projeção para a Selic em 14,75% para o fim deste ano

A pesquisa Focus desta segunda-feira (9) mostrou que analistas consultados pelo Banco Central (BC) reduziram a projeção para a inflação brasileira neste ano pela segunda semana seguida. A expectativa do levantamento é de 5,44%, abaixo do que foi projetado na semana anterior, de 5,46%. Já para 2026, a alta dos preços foi mantida em 4,50%. Ambas ainda estão acima dos 3% definidos como meta pelo BC, mesmo com a margem de erro de 1,5 pontos percentual para cima ou para baixo.

A pesquisa semanal com uma centena de economistas mostrou ainda a previsão de que o Produto Interno Brasileiro (PIB) subirá 2,18% neste ano, acima da projeção de crescimento de 2,13% semana anterior. Para 2026, a expectativa para a expansão econômica teve ligeiro aumento de 1,80% para 1,81%.

Sobre a política monetária do BC, houve manutenção na expectativa para a taxa básica de juros neste ano e no próximo. A mediana das projeções para a Selic ao final de 2025 é de 14,75%, enquanto para o término de 2026, a previsão é de que a taxa atinja 12,50%, no que foi a 19ª semana consecutiva de manutenção desse patamar. No momento, a Selic se encontra em 14,75% ao ano.

No Focus desta segunda, houve ainda manutenção na expectativa para o preço do dólar no final de 2025, a R$ 5,80, e leve redução na projeção para 2026, a R$ 5,89, ante R$5,90 há uma semana. A divisa americana acumula queda ante o real de 9,8% neste ano, em movimento puxado por um processo de correção de preço, após sua disparada no fim do ano passado, e maior incerteza em relação aos planos tarifários dos Estados Unidos.

Via Forbes Brasil

Brazil economy’s early 2025 surge boosts full-year forecasts

Posted on

BRASILIA, May 30 (Reuters) – Brazil’s economic growth surged in the first quarter despite climbing interest rates as fixed investments, household demand and strong farm output underpinned activity, spurring full-year growth forecasts and speculation about another rate hike.

Gross domestic product in Latin America’s largest economy rose 1.4% in the January-to-March period from the previous quarter, government statistics agency IBGE said on Friday, in line with the forecast in a Reuters poll of economists.

That marked a sharp acceleration from a weaker than expected end to 2024. IBGE revised fourth-quarter growth down to 0.1% from a previously reported 0.2%.

XP economist Rodolfo Margato said that beyond the expected boost from agriculture, data showed resilient domestic demand, supported by favorable trends in employment, income and credit. As a result, he said he expected to raise his 2025 GDP growth forecast from 2.3%.

“We expect a new wave of upward revisions from the market. In our case, we were already more optimistic, but our view may now move closer to 2.5%,” said Margato.

William Jackson, chief emerging markets economist at Capital Economics, said Brazil’s economy was on track to grow about 2.3% this year, up from his previous forecast of 1.8%. He said the robust growth could delay the end of interest rate increases by the central bank’s rate-setting committee, known as Copom.

SOYBEAN HARVEST

Driving growth on the supply side, agriculture stood out with a 12.2% gain from the previous quarter, fueled by a bumper harvest of soybeans, Brazil’s top farm export.

Services, which make up roughly 70% of Brazil’s economy, expanded 0.3% amid a tight labor market, while industrial output slipped 0.1%.

Read the full article

Reporting by Marcela Ayres Editing by Brad Haynes and Mark Potter via Reuters




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Reports Booming First Quarter 2025 Visitor Arrivals
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil hosted 3.74 million international visitors during the first three months of 2025, the highest total for the period in the country’s history and more than one-half the number of international travelers the South American nation reported during all of 2024.


According to data from Brazil’s Ministry of Tourism, Embratur, the country’s international tourism promotion agency, and Brazil’s Federal Police, Brazil’s 2025 international arrivals represent a 47.8 percent increase over the first three months of 2024.


Brazil’s first-quarter visitor arrivals increase includes a total of 929,096 international travelers hosted during March, a 25.5 percent increase over March 2024. The São Paulo state, Brazil’s primary air hub, led the country in international tourist arrivals during March, with 277,266 visitors. Rio de Janeiro followed with 241,812 arrivals.


Other states reporting increased March arrivals include Rio Grande do Sul, which hosted 168,507 international visitors, and Bahia, which hosted 17,583 international tourists during March 2025.


Brazil hosted 6.65 million international tourists in 2024, an increase 12.6 percent year-over-year increase compared with 2023. Foreign tourists generated $7.3 billion in revenue for Brazil’s tourism sector last year, representing eight percent of Brazil’s GDP, according to Embratur officials.


Brazil’s strong first-quarter 2025 visitor arrivals were driven by “international promotion actions and the strengthening of tourism infrastructure,” said Marcelo Freixo, Embratur’s president.


Read the full article


By Brian Major via Travel Pulse

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mercado reduz projeção para a inflação neste ano e eleva estimativa para o PIB
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
BRASÍLIA – A mediana do relatório Focus para o IPCA de 2025 caiu de 5,65% para 5,57%, após três semanas de estabilidade. Agora, está 1,07 ponto porcentual acima do teto da meta, de 4,50%. Considerando somente as 115 estimativas atualizadas nos últimos cinco dias úteis, a medida passou de 5,59% para 5,57%.


A projeção para o IPCA de 2026 permaneceu em 4,50%, colada ao teto da meta, pela quarta semana consecutiva. Considerando as 110 estimativas atualizadas nos últimos cinco dias úteis, oscilou de 4,50% para 4,54%.


O Banco Central espera que o IPCA suba 5,1% em 2025 e 3,7% em 2026, conforme a trajetória divulgada no último Relatório de Política Monetária (RPM). A autarquia trabalha com o terceiro trimestre de 2026 como horizonte relevante, mas o período deve mudar para o fim do ano que vem na próxima reunião do Comitê de Política Monetária (Copom), marcada para 6 e 7 de maio.


O colegiado já aumentou a taxa Selic em 3,75 pontos porcentuais desde setembro, para 14,25%, incluindo uma rápida elevação de 3 pontos entre dezembro e março. Na ata da sua última reunião, do dia 19, o Copom indicou que deve elevar os juros novamente em maio, embora com uma alta inferior a 1 ponto porcentual.


Juros


A mediana do relatório Focus para a Selic no fim de 2025 permaneceu em 15,0% pela 15ª semana seguida — sugerindo que os juros terão de subir 0,75 ponto porcentual acima do nível atual, de 14,25%. Considerando somente as 94 projeções atualizadas nos últimos cinco dias úteis, mais sensíveis a novidades, a estimativa intermediária para a taxa básica de juros no fim de 2025 também permaneceu em 15,0%.


A mediana para a Selic no fim de 2026 ficou estável em 12,50% pela 12ª semana consecutiva. Considerando apenas as 94 projeções atualizadas nos últimos cinco dias úteis, também continuou em 12,50%.


A estimativa intermediária para o fim de 2027 continuou em 10,50% pela décima semana seguida. A mediana para a Selic no fim de 2028 se manteve em 10,0% pela 17ª semana consecutiva.


PIB


A mediana do Focus para o crescimento do Produto Interno Bruto (PIB) brasileiro em 2025 passou de 1,98% para 2,0%. Um mês antes, era de 1,98%. Considerando apenas as 73 projeções atualizadas nos últimos cinco dias úteis, mais sensíveis a novidades, passou de 2,0% para 1,99%.


A previsão intermediária do Focus para o crescimento da economia brasileira em 2026 passou de 1,61% para 1,70%. Considerando só as 69 projeções atualizadas nos últimos cinco dias úteis, passou de 1,80% para 1,70%.


A mediana para o crescimento do PIB de 2027 permaneceu em 2,0% pela terceira semana seguida. Um mês antes, era de 1,99%. A estimativa intermediária para 2028 ficou estável em 2,0% pela 58ª semana seguida.


Dólar


A mediana do relatório Focus para a cotação do dólar no fim de 2025 permaneceu em R$ 5,90 pela segunda semana seguida. Um mês antes, era de R$ 5,95. A estimativa intermediária para a moeda americana no fim de 2026 recuou pela terceira vez consecutiva, de R$ 5,97 para R$ 5,96. Quatro semanas atrás, era de R$ 6,0.


A estimativa intermediária para o dólar no fim de 2027 permaneceu em R$ 5,89. Um mês antes, era de R$ 5,90. A projeção para o fim de 2028 aumentou de R$ 5,84 para R$ 5,85. Um mês antes, era de R$ 5,90.


Leia a reportagem completa


Por Cícero Cotrim via Estadão

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil may emerge as winner from sweeping US tariffs, economists say
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
BRASILIA, April 3 (Reuters) – Sweeping U.S. tariffs could prove relatively advantageous for Brazil, Latin America’s largest economy, despite President Donald Trump’s move to impose a 10% levy on its exports to the United States, economists said on Thursday.


Local markets reacted positively to the highly anticipated announcement on Wednesday, with the Brazilian real strengthening past 5.60 per U.S. dollar and reaching its highest level since October 2024.


Iana Ferrao, partner and economist at BTG Pactual, said the tariff imposed on Brazil came as a relief to those fearing steeper penalties.


“As tariffs on other countries increased more sharply, certain Brazilian sectors could gain a relative competitive edge,” she said.


Luis Stuhlberger, chief investment officer at Verde Asset Management, said Brazil’s balanced trade relationship with Washington meant it had “highly benefited” under the worldwide tariff package.


“The question is whether Brazil will be able to seize this opportunity,” he added.


Government officials from Brazil – the world’s largest exporter of soy, cotton, beef, and chicken – had sought to stress that its trade relationship with the United States did not undermine the U.S. economy.


The U.S. has run a trade surplus with Brazil since 2008, reaching $253 million last year on more than $80 billion in bilateral trade.


Read the full article


Reporting by Marcela Ayres; Additional reporting from Paula Laier in Sao Paulo; Editing by Joe Bavier via Reuters




 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global Eggs agrees to buy Hillandale Farms for $1.1 billion
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
SAO PAULO, March 27 (Reuters) – Global Eggs, a company controlled by Brazilian entrepreneur Ricardo Faria, has agreed to buy U.S. egg producer Hillandale Farms for $1.1 billion, Faria told Reuters on Thursday.


Global Eggs is based in Luxembourg and also operates Granja Faria in Brazil.


Faria said the deal is unrelated to tight U.S. supplies due to bird flu that has driven up egg prices and caused the U.S. to boost imports from Brazil.




Often referred to as the “Egg King,” Faria said he is confident egg consumption will continue increasing globally.




“We are looking at the world, and mainly at the Western world,” he said.


The entrepreneur said there was a shift in egg consumption patterns over the past 15 years. Previously, eggs were primarily in demand among lower-income households, but they have become a staple across all social and economic classes, he said.




Faria established Global Eggs last year and it made its first overseas acquisition, Spain’s Grupo Hevo, in November.




He said Hillandale, Hevo and Granja Faria had combined revenue of over $2 billion in 2024.


As part of the Hillandale acquisition, the private equity arm of Brazilian investment bank BTG Pactual will invest $300 million in Global Eggs in exchange for an 11% stake in the group, Faria added.


Prior to announcing the Hillandale purchase, Global Eggs had plans for an initial public offering in New York, but for now, the company will focus on integrating its latest acquisition and strengthening its brands, Faria said.


Reporting by Luciana Magalhaes; Writing by Isabel Teles; Editing by Jan Harvey and Rod Nickel


Via Reuters



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CSN sees room for Brazil to negotiate steel quotas with US
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, March 13 (Reuters) – Brazilian steelmaker CSN (CSNA3.SA) sees room for Brazil to negotiate a quota mechanism with the United States in the coming months, an executive said on Thursday, after U.S. President Donald Trump put tariffs on steel and aluminum imports.


Brazil, one of the largest sources of U.S. steel imports, has decided to seek dialogue with the Trump administration and not immediately retaliate against what it called “unjustifiable” tariffs.


Trump’s 25% duties on all steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the U.S. and drawing swift retaliation from Canada and Europe. “From what we’ve been hearing, I believe that in the next two months it is possible for a negotiation like the one we had in 2018 to be opened. Perhaps a quota system,” CSN’s commercial head Luis Fernando Martinez told analysts on an earnings call.


Trump, who took office in January for his second term, first targeted steel and aluminum for tariffs in 2018, but later granted several countries exemptions and struck duty-free quota deals for Brazil based on pre-tariff volumes.


The South American country had previously suggested quotas as a “smart mechanism.” Martinez noted the U.S. remains a net importer of several steel products, including plates and sheets.


Read the full article


Via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Sherwin-Williams to Acquire BASF’s Brazilian Architectural Paints Business for $1.15 Billion in All-Cash Transaction
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The Sherwin-Williams Company (NYSE: SHW) today announced it has entered into a definitive agreement with BASF Group (ISIN: DE000BASF111) to acquire BASF’s Brazilian architectural paints business (“Suvinil”) for $1.15 billion in an all-cash transaction.


The business is a leading provider of architectural paints in Brazil and had sales of approximately $525 million for the year ended December 31, 2024. The business develops, manufactures and sells a comprehensive portfolio of innovative products under the well-known Suvinil and Glasu! brand names to professional painters, designers, architects, general contractors and consumers across the country. The company employs approximately 1,000 employees and operates two production facilities strategically located in the Northeast and Southeast regions of Brazil.


“Suvinil is a premier provider of architectural paints in Brazil and will accelerate our commitment to provide industry-leading solutions for our customers while delivering profitable above-market growth in the region,” said Heidi G. Petz, Sherwin-Williams Chair, President and Chief Executive Officer. “For more than 60 years, Suvinil has been synonymous with innovation and quality. The business is highly complementary to Sherwin-Williams in Latin America, as the Suvinil brand is well-known and highly-trusted by purchasing influencers and specifiers across the value chain. We are excited to capitalize on the strengths of both companies to further enhance value for customers. Upon the close of the transaction, we are confident that Sherwin-Williams growth mindset and continuous improvement disciplines will enable us to achieve meaningful sales acceleration and cost synergies which we expect will expand Suvinil’s EBITDA margin, excluding one-time integration expenses. We have tremendous respect for the expertise and dedication of the Suvinil team, and we are excited about the opportunities that this combination will provide to customers and employees.”


Sherwin-Williams intends to finance the transaction through a combination of cash on hand, liquidity available under existing facilities and new debt. The purchase price represents a low teens EBITDA multiple following anticipated post transaction synergies net of one-time costs. The transaction is expected to close during the second half of 2025 and is subject to customary closing conditions, including Brazilian regulatory approval. Upon close, Suvinil will become part of the Sherwin-Williams Consumer Brands Group with a joint focus on a seamless experience for customers and opportunities for employees.


ABOUT THE SHERWIN-WILLIAMS COMPANY


Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson’s® WaterSeal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,000 Company-operated stores and branches, while the Company’s other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.


Read the full article


Via PR Newswire

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Abiove Eleva Previsão de Exportação de Farelo de Soja do Brasil Nesta Safra
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Previsão é de 23,6 milhões de toneladas neste ano, acima das 22,9 milhões de toneladas previstas em janeiro


O Brasil vai processar mais soja do que o esperado neste ano, com impulso de uma maior exportação de farelo e óleo de soja, apontou nesta quarta-feira (12) levantamento mensal da Abiove (Associação Brasileira das Indústrias de Óleos Vegetais).


O processamento de soja no país foi previsto em 57,5 milhões de toneladas em 2025, 400 mil toneladas acima da previsão de janeiro, segundo a associação que reúne tradings e processadoras.


A entidade ainda manteve a estimativa de colheita de soja do país neste ano em recorde de 171,7 milhões de toneladas.


Já a exportação brasileira de farelo de soja foi prevista em 23,6 milhões de toneladas neste ano, acima das 22,9 milhões de toneladas previstas em janeiro.


A exportação de óleo de soja do Brasil foi estimada em 1,1 milhão de toneladas, leve alta na comparação com a previsão de janeiro (1,05 milhão).


A Abiove, por outro lado, manteve a estimativa de exportação de soja em grão em um recorde de 106,1 milhões de toneladas.


A safra, que está sendo colhida, deverá ter um crescimento de 11,86% na comparação com a temporada anterior, atingida por problemas climáticos, segundo dados da associação.


Já a exportação do grão aumentaria mais de 7%. O processamento, por sua vez, cresceria 3,8%, de acordo com dados da Abiove.


Com um maior processamento e previsão de safra estável, a Abiove reduziu a projeção de estoques finais de soja do Brasil em 2025 para 8,96 milhões de toneladas, 800 mil toneladas abaixo da projeção de janeiro, levando também em conta um ajuste nos estoques iniciais deste ano.


Via Forbes Brasil


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s jobless rate hits lowest yearly average ever in 2024
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
SAO PAULO, Jan 31 (Reuters) – Brazil’s jobless rate came in slightly above market expectations in the final quarter of 2024 but reached its lowest yearly average for the current data series after the labor market showed continued resilience throughout last year.


Unemployment in Latin America’s largest economy hit 6.2% in the three months through December, statistics agency IBGE said on Friday, up from 6.1% in the previous rolling quarter and above the 6.1% expected in a Reuters poll of economists.


The average unemployment rate in 2024, however, was 6.6%, the lowest level since the beginning of the data series in 2012.






Brazil’s jobless rate has been hovering around historically low levels for the past few quarters, an indicator cheered by the government but that has contributed to the central bank hiking interest rates.


“In our view, the job market will remain heated and Brazil is expected to maintain an unemployment rate close to 6% at the end of this year and the next – a very low level by our historical standards,” C6 Bank economist Claudia Moreno said.




The strong job market with high wages has supported economic growth, fueling the consumption of goods and services, but triggered inflationary concerns as consumer prices remain above the central bank’s 3% target.


On Wednesday, the monetary authority raised interest rates by 100 basis points to 13.25% and kept its guidance for another hike of that size in March, leaving the door open for subsequent moves.


Despite the slightly higher-than-expected jobless rate in the fourth quarter, adding to separate data that on Thursday showed that Brazil created fewer formal jobs than forecast in December, the bank’s stance should not change in the short term.


Read the full article


Reporting Camila Moreira; Writing by Isabel Teles; Editing by Gabriel Araujo and Louise Heavens via Reuters



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Boletim Focus: breve alívio na inflação e Selic em alta; veja o que esperar da economia
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
O IPCA tomou leve fôlego nas previsões do relatório Focus, mas segue acima da meta. Saiba mais


A mediana do boletim Focus para o Índice Nacional de Preços ao Consumidor Amplo (IPCA) de 2024 interrompeu uma sequência de sete semanas de alta e diminuiu na margem, de 4,64% para 4,63%. Ela está acima do teto da meta, de 4,50%. Um mês antes, a projeção era de 4,55%.


Considerando apenas as 112 estimativas atualizadas nos últimos cinco dias úteis, a mediana passou de 4,67% para 4,64%. A mediana para a inflação de 2025 passou de 4,12% para 4,34%, mais próxima do teto, de 4,50%, do que do centro da meta, de 3%.


A partir do ano que vem, a meta será contínua, apurada com base no IPCA acumulado em 12 meses. Se ele ficar acima ou abaixo do intervalo de tolerância por seis meses consecutivos, o Banco Central (BC) terá descumprido o alvo.


Considerando as 111 projeções atualizadas nos últimos cinco dias úteis, a mediana para o IPCA de 2025 passou de 4,21% para 4,49%, quase o teto da meta.


Previsões do boletim Focus para Selic


A mediana do relatório Focus para a taxa Selic no fim de 2024 continuou em 11,75%, pela oitava semana seguida. Esse movimento consolida a avaliação do mercado de que o Copom aumentará os juros em 0,5 ponto porcentual na última reunião deste ano, no dia 11 de dezembro.


Considerando apenas as 97 projeções atualizadas nos últimos cinco dias úteis, a estimativa intermediária para a Selic também se manteve em 11,75%.


O Copom aumentou a taxa básica de juros em 0,5 ponto porcentual, de 10,75% para 11,25%, no último dia 6 de novembro. A mediana para a Selic no fim de 2025 passou de 12,00% para 12,25%, refletindo a expectativa de que o Banco Central terá pouco espaço para cortar juros ao longo do ano que vem.


Os dirigentes da autarquia têm mencionado a preocupação com a desancoragem das expectativas, em meio à atividade econômica forte. Considerando apenas as 97 projeções atualizadas nos últimos cinco dias úteis, a mediana para a taxa Selic no fim de 2025 oscilou de 12,25% para 12,50%.


Leia a reportagem completa


Por Fernanda Trisotto via Einvestidor Estadão

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Industry Sees Brazil as Global Hub for Clean Jet Fuel
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Bloomberg’s Dayanne Sousa and Clarice Couto reported Thursday that “a global push to decarbonize air travel has groups from Big Oil to sovereign wealth funds betting on Brazil to become a top global center for green jet fuel.”


“Brazil is becoming a magnet for investment as countries race to grab a share of what promises to be a fast-growing market, with Shell Plc and Abu Dhabi’s Mubadala Investment Co. considering new sustainable aviation fuel plants in the country. That’s in part because Latin America’s biggest economy is the world’s second-largest producer of ethanol, which can be used to produce SAF,” Sousa and Couto reported. “Agriculture powerhouse Brazil has an abundance of cheap crops to make biofuels, providing the nation a leg up on competitors including the U.S. Many of Brazil’s supplies also rank better in terms of carbon emissions, key to meeting requirements for SAF production.”


“SAF is one of the few pathways the aviation industry has at its disposal to curb its carbon footprint, which accounts for about 2.5% of global emissions. Interest in green jet fuel is picking up, driven by policy support, particularly in the European Union and the U.S., but demand far exceeds available supply and is forecast to continue growing,” Sousa and Couto reported. “Ricardo Mussa, chief executive officer of sugar and ethanol company Raizen SA, said Brazil’s ethanol production puts it in a strong position to be a major exporter of SAF.”


‘”For every liter of SAF, we need 1.7 liters of ethanol, so the best place to produce would be in the origin, in Brazil,’ Mussa said at Bloomberg New Economy at B20 in São Paulo last week,” according to Sousa and Couto’s reporting


“Production of green aviation fuel in Brazil has the potential to reach around 50 billion liters (13.2 billion gallons) by 2030 with further investments in agriculture, according to preliminary data from a study carried out by Airbus, LATAM Airlines Group SA and the Massachusetts Institute of Technology,” Sousa and Couto reported. “That’s similar to the U.S.’s potential output, but Brazil is set to be a bigger exporter, with American production being consumed domestically.”.


Brazil Already Shipping to U.S. SAF Plants 


Bloomberg’s Dayanne Sousa reported in April that “Brazilian company Raizen SA made the country’s first shipment of sugar-cane ethanol to be converted into green jet fuel in a U.S. plant, as competition heats up to supply the nascent market.”


Why Brazil May Be a Leader 


Sousa and Couto reported that “companies and authorities in Brazil expect that SAF made from the country’s ethanol will be more effective than other crop-based alternatives. That’s mainly because of how international standards for cleaning global air travel are being written.”


“According to data by the International Civil Aviation Organization, Brazilian sugar cane ethanol has lower carbon emissions compared to other SAF ingredients such as soybean oil or U.S. corn-based ethanol. That means Brazilian-produced SAF would likely be more efficient in helping airlines reach targets to reduce their carbon emissions,” Sousa and Couto reported.


By Ryan Hanrahan via Successful Farming

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BofA tem lucro e receita acima do esperado no 3º tri; ações sobem no pré-mercado
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Lucro líquido ainda foi 12% menor do que um ano antes, mas banco já reportou melhora sequencial na receita líquida de juros


O Bank of America reportou queda de 12% no lucro líquido no terceiro trimestre em relação ao mesmo período do ano anterior para US$ 6,9 bilhões, ou 81 centavos por ação, com maiores provisões para perdas com empréstimos e aumento de despesas.


O desempenho, porém, bateu as estimativas do mercado, que previa um lucro por ação de 77 centavos. A ação do banco subiu 2,5% na negociação pré-mercado. 


A receita aumentou 1% para US$ 25,49 bilhões, com os ganhos em receita de negociação, gestão de ativos e taxas de banco de investimento compensando a queda de 2,9% na receita líquida de juros. Ainda assim, os US$ 14,1 bilhões reportados superaram a estimativa de US$ 14,06 bilhões da StreetAccount.


A receita líquida de juros no terceiro trimestre foi maior do que no segundo trimestre, indicando uma possível recuperação dessa métrica, que é a principal fonte de rentabilidade para os bancos. Em julho, o banco havia afirmado que a receita líquida de juros se recuperaria na segunda metade do ano.


O trimestre mostrou que o banco também se beneficia da atividade crescente em Wall Street por meio de suas operações de negociação e consultoria. A receita de negociação de ações, por exemplo, saltou 18% para US$ 2 bilhões, com maiores volumes de caixa e derivativos. Já a receita de trading em renda fixa subiu 8%, para US$ 2,9 bilhões, superando o consenso, impulsionada por operações em moedas e juros.


Por Luiz Anversa via Exame Invest


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Número de empresas brasileiras que exportam aos EUA bate recorde, aponta estudo do MDIC
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Quase 10 mil companhias do país fizeram negócios com os Estados Unidos em 2023


O total de empresas do Brasil que exportam para os Estados Unidos bateu um recorde histórico. Em 2023, 9.533 companhias nacionais venderam produtos ao país norte-americano, e a maioria deles são itens de maior tecnologia.


O levantamento mostrou ainda que as empresas que exportam aos EUA pagam melhores salários aos funcionários e empregam mais mulheres, na comparação com companhias que vendem a outros países.


“Nunca na história tantas empresas exportaram para um único destino quanto exportaram no ano passado para os Estados Unidos”, diz Tatiana Prazeres, secretária de Comércio Exterior do MDIC. “Isso é algo que interessa porque ampliar a base exportadora do Brasil é um objetivo do governo federal”, prossegue.


Em 2000, havia 4.664 empresas brasileiras exportando aos EUA. Em 2005, este número atingiu 8.023, mas houve queda nos anos seguintes, em parte por causa da crise financeira americana. A retomava veio a partir de 2013 e ganhou mais força nos últimos cinco anos, com crescimento contínuo desde 2018, até chegar aos atuais 9.953.


Como comparação, 11.253 empresas brasileiras exportam para países do Mercosul, 8.498 para a União Europeia e 2.847 vendem para a China.


200 anos de relações


Neste ano, Brasil e EUA completam 200 anos de relações bilaterais. Em 2009, os Estados Unidos perderam o posto de maior importador de produtos brasileiros para a China, mas permanece como o maior comprador de produtos industrializados brasileiros e é o segundo maior parceiro comercial do país.


Em 2023, os Estados Unidos compraram US$ 29,9 bilhões em produtos manufaturados brasileiros, como aeronaves, aço, máquinas para construção e mineração, motores e geradores. Além disso, o país exporta muito café em grão e suco de laranja aos EUA.


“Os produtos cujas exportações brasileiras para os Estados Unidos mais cresceram de janeiro a agosto desse ano são café, celulose e carne, mas também aeronaves e máquinas de energia elétrica. Nos chama a atenção o crescimento em universos de produtos que são muito diferentes”, diz Prazeres.


O estudo aponta ainda que empresas brasileiras que exportam aos Estados Unidos geram 3,2 milhões de empregos no Brasil, número 22,5% maior em relação a 2008. A remuneração média nestas empresas é de R$ 4.588 mensais, número 16,2% maior do que na comparação com a China.


Leia a reportagem na íntegra.


Via Exame

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Indicado para a Presidência do BC, Galípolo é aprovado pelo Senado; Saiba Mais
		        

		          Prédio do Banco Central do Brasil, Brasília, DF		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Galípolo foi questionado sobre a sua independência nas tomadas de decisões com relação ao governo


Indicado à presidência do Banco Central (BC) pelo presidente Lula, Gabriel Galípolo passou por sabatina nesta terça-feira (08). A etapa decisiva para definir o futuro do BC teve início às 10h (horário de Brasília), na Comissão de Assuntos Econômicos (CAE) no Senado.


A nomeação do atual diretor monetário do BC para a presidência da autoridade monetária chegou ao Senado no dia 2 de setembro. Toda indicação para a diretoria do Banco Central passa por uma análise e julgamento da Casa, com sabatina e votação na CAE e, em seguida, votação no Plenário.


Em uma votação secreta no Senado Federal, Galípolo foi aprovado por 66 votos favoráveis e 5 contra. A validação dele em Plenário foi a melhor dos últimos 22 anos. O indicado comandará o Banco Central brasileiro a partir de janeiro de 2025, sucedendo o nome escolhido por Jair Bolsonaro, Roberto Campos Neto.


Quem é Gabriel Galípolo?


Gabriel Muricca Galípolo, de 42 anos, é economista, professor e pesquisador formado em Ciências Econômicas, mestre em Economia Política pela Pontifícia Universidade Católica de São Paulo (PUC-SP).


O economista começou no setor público em 2007, no governo de José Serra (PSDB), quando atuou na Secretaria de Transportes Metropolitanos do Estado de São Paulo. Anos mais tarde, assumiu como secretário executivo do Ministério da Fazenda no terceiro mandato do governo Lula.


Em maio de 2023, Galípolo foi indicado pelo ministro Fernando Haddad para o atual cargo de diretor de política monetária do BC.


No setor privado, presidiu e se destacou no Banco Fator e, em 2018, comandou a privatização da Companhia Estadual de Águas e Esgotos do Rio de Janeiro (Cedae).


Apesar do receio de que Galípolo fosse pressionar por um corte de juros, desde que chegou ao BC as suas decisões têm acompanhado a da maioria dos diretores do Comitê de Política Monetária (Copom).


A economia heterodoxa de Galípolo


Conhecido por sua economia heterodoxa, Galípolo reflete uma escolha que busca equilibrar a autonomia institucional com uma comunicação eficaz entre governo e mercado.


“Toda vez que me foi concedida a oportunidade de encontrar o presidente Lula, eu escutei de forma enfática a garantia da liberdade na tomada de decisões”, disse o diretor em sabatina na Comissão de Assuntos Econômicos (CAE) no Senado.


Ele também reafirmou seu compromisso com o arcabouço estabelecido para o trabalho da autoridade monetária. Nas últimas reuniões do COPOM, Galípolo foi em linha com o resto da diretoria e nunca votou para baixar juros.


O economista destacou que o Brasil é hoje reconhecido por sua estabilidade monetária e financeira e acrescentou que os núcleos de inflação no país nos últimos 12 meses ficaram em níveis comparáveis aos de economias estáveis como Estados Unidos e Reino Unido.


Leia a reportagem na íntegra


Por Ana Paula Branco Alves via Forbes Brasil

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Voting on bill that legalizes gambling in Brazil could be postponed until October
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Bill 2,234 of 2022, which legalizes casinos, bingo and jogo do bicho in Brazil, may be voted on in the Senate after the municipal elections in October. The decision to postpone it was made during a meeting of leaders this Thursday (8). In order to comply with an agreement with opponents of the topic, the president of the House, Rodrigo Pacheco, put the matter up for thematic debate in the Plenary.


Some points were debated in the special session. The rapporteur, Senator Irajá (PSD-TO), who defends the approval of the bill, presented strong and well-established arguments about the benefits of the activity.


The Secretary of Infrastructure, Credit and Investment in Tourism of the Ministry of Tourism, Carlos Henrique Sobral, also highlighted the importance of approving the bill.


According to Sobral, the expectation, if the proposal becomes law, is that Brazil will generate more than 650,000 jobs with the activity and have an increase of R$74 billion (US$ 13.2bn) in revenue.


“We will have an investment of R$66 billion (US$ 11.75bn), more than 1,000% increase in investment. And the GDP, of 8%, we will reach 9.2% or perhaps double digits, which is our goal. The tendency is, with these destinations with integrated resorts, to achieve economic development, with Las Vegas, Macau and Singapore being emblematic.”


Regarding the decision to postpone, the leader of the opposition, Marcos Rogério (PL-RO), said in a press conference that “on the subject of gaming, the move is for after the [municipal] election.”


The bills for renegotiating the states’ debt, the Proposed Amendment to the Constitution for Amnesty on the debt of political parties and the bill for recharging the payroll are expected to be voted on in the Plenary next week.


It may be on the agenda


Even with the decision to postpone the vote, taken at the leaders’ meeting this Thursday (8), it is still possible that Bill 2,234/2022 will be included on the agenda. In a conversation with GMB, one of the participants in the thematic debate on the bill, stated that in a conversation with Senator Irajá, the rapporteur for the matter, he received information that the Bill could be included, depending on further negotiations with leaders and opponents of the matter.


The purpose of placing the topic on the thematic debate was to make room for the bill to be voted on as quickly as possible. The President of the Senate, Rodrigo Pacheco (PSD-MG), has been stating in his latest statements that the Bill has been in process in Parliament for over 30 years and that the time has come to vote. All that remains is to wait for the negotiations to actually be on the agenda.


Via GMB

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s service sector beats forecasts, hits record high in June
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Services activity in Brazil grew more than expected in June to hit an all-time high, eclipsing a record that had been set in December 2022, data from statistics agency IBGE showed on Tuesday


The service sector, which accounts for about 70% of all activity in Latin America’s largest economy, grew 1.7% in June from the previous month, IBGE said, exceeding the 0.8% expected by analysts polled by Reuters.


All of the five main groups surveyed by the agency posted positive results in the period, with an 1.8% expansion in transportation notably offsetting a negative reading in the previous month, IBGE said.


“The result is largely due to air transport, driven by a drop in air ticket prices,” IBGE research manager Rodrigo Lobo said.


Services activity was also up 1.3% in June from a year earlier, according to IBGE, again beating the 0.8% expected by economists in the Reuters poll.


The sector now stands 0.5% above the previous record high in the IBGE data series, which had been set in late 2022, the statistics agency added.




“Our assessment indicates that Brazil’s economic activity continues to perform well,” said PicPay economist Igor Cadilhac, highlighting a strong labor market.


Claudia Moreno, economist at lender C6, said that a slowdown in activity as a whole is expected for the second half of the year, “which should make the services sector move sideways.”




She still believes, however, that the sector will contribute to Brazil’s gross domestic product growth in 2024.


Private sector economists expect Brazil’s economy to expand 2.20% this year, according to a weekly central bank survey.


Read the full article


Reporting by Gabriel Araujo and Luana Maria Benedito; Editing by Kirsten Donovan and Andrea Ricci via Reuters




 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Safra brasileira de milho 24/25 deve crescer, etanol limita exportação, diz adido do USDA
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
O Brasil foi o maior exportador mundial de milho em 2023, ultrapassando os EUA, após obter acesso para o mercado chinês no final de 2022


A safra de milho do Brasil 2024/25 deverá atingir 127 milhões de toneladas, alta de 5 milhões de toneladas na comparação com a temporada anterior, apontou o adido do Departamento de Agricultura dos EUA (USDA) em Brasília, segundo relatório publicado na véspera.


“Com o esperado fim do fenômeno climático El Niño, que impactou severamente a produtividade do milho na safra 2023/24, o adido prevê um aumento anual na produção de milho no ano comercial 2024/25 para 127 milhões de toneladas métricas”, apontou o relatório.


As exportações de milho do país em 2024/25 (março de 2025/fevereiro de 2026) devem somar 46 milhões de toneladas, disse o adido, versus estimativa oficial de 50 milhões de toneladas do USDA para 2023/24, com base no aumento do consumo interno, especialmente pela indústria de etanol de milho no Brasil, acrescentou.


O adido vê uma exportação em 2023/24 em 45 milhões de toneladas, menor que o número oficial do USDA para a temporada.


O Brasil foi o maior exportador mundial de milho em 2023, ultrapassando os Estados Unidos, após obter acesso para o mercado chinês no final de 2022.


As exportações de milho do Brasil para a China em 2023 atingiram 16,1 milhões toneladas métricas.


“Contudo, a situação mudou em abril deste ano, com a procura chinesa de milho caindo significativamente”, disse o adido, citando também preços menos competitivos do Brasil em comparação com outros mercados como Argentina e Estados Unidos, além da decisão da China de diminuir as importações globais de milho.


Etanol

O adido aumentou sua previsão de consumo total de milho para o ano comercial 2024/25 para 84 milhões de toneladas, com um aumento de 3% ante a estimativa inicial.


Ele também aumentou sua estimativa para 2023/24 (março de 2024/fevereiro de 2025) para consumo total de milho de 80 milhões para 82 milhões de toneladas.


“O aumento é principalmente com base no crescimento esperado para a indústria à base de etanol de milho no país. O etanol à base de milho está ganhando participação de mercado no Brasil”, destacou.


A União Nacional do Etanol de Milho (Unem) estima que o etanol à base de milho representará 19% do etanol consumido no Brasil em 2023/24, projetando também que o Brasil produzirá cerca de 4 milhões de toneladas de Grãos Secos de Destilaria (DDGs).


Leia a reportagem na íntegra


Via Forbes Brasil (Reuters)

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Produção industrial no Brasil tem em junho maior alta em quatro anos
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Melhora da atividade do setor ocorre em meio à retomada em áreas afetadas pelas enchentes no Rio Grande do Sul


A produção industrial brasileira encerrou o segundo trimestre com uma crescimento acima do esperado em junho. Aliás, foi o maior ganho da indústria em quatro anos, em meio à retomada da atividade em áreas afetadas pelas enchentes no Rio Grande do Sul.


Em junho, a produção teve alta de 4,1% na comparação com o mês anterior, bem acima da expectativa em pesquisa da Reuters de avanço de 2,4%.


Foi o maior crescimento desde julho de 2020 (+9,1%), interrompendo dois meses seguidos de perdas. Além disso, a indústria brasileira ultrapassou o patamar pré-pandemia ao ficar 2,8% acima de fevereiro de 2020. Porém, o setor ainda está 14,3% abaixo do nível recorde alcançado em maio de 2011.


Os dados divulgados nesta sexta-feira (2) pelo Instituto Brasileiro de Geografia e Estatística (IBGE) mostraram também expansão de 3,2% da indústria na comparação com o mesmo mês do ano passado, contra expectativa de 1,2%.


“Cabe destacar que o avanço mais acentuado observado em junho de 2024 está relacionado não só com a base de comparação depreciada, explicada pelos dois meses consecutivos de queda na produção, mas também pela volta à produção de várias unidades produtivas que foram direta ou indiretamente afetadas pelas chuvas ocorridas no Rio Grande do Sul em maio de 2024”, explicou o gerente da pesquisa, André Macedo.


Setores industriais em destaque


O IBGE destacou que, em junho, 16 das 25 atividades pesquisadas apresentaram ganhos. As maiores influências positivas vieram de coque, produtos derivados do petróleo e biocombustíveis (4,0%); produtos químicos (6,5%); produtos alimentícios (2,7%) e indústrias extrativas (2,5%).


No setor de produtos alimentícios, que segundo o IBGE representa cerca de 15% da atividade industrial do Brasil, houve alta na produção de produtos importantes, como açúcar, produtos derivados de soja, suco de laranja e carnes de aves.


Entre as categorias econômicas, o destaque ficou para o aumento de 6,8% na fabricação de Bens de Consumo. Em seguida, Bens Intermediários tiveram alta de 2,6% e os Bens de Capital avançaram 0,5% sobre maio.


Leia a reportagem na íntegra


Via Forbes Brasil

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s jobless rate drops to 6.9% in quarter through June
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil’s jobless rate remained at its lowest level in a decade in the three months through June, data from statistics agency IBGE showed on Wednesday, as the number of employed people in Latin America’s largest economy hit a new all-time high


The unemployment rate in Brazil stood at 6.9% in the April-June period, IBGE said, in line with market expectations and down from 7.9% in the previous quarter, marking the lowest for the period since 2014.


Brazil’s jobless rate has been hovering around historically low levels for the past year despite elevated interest rates, an indicator cheered by the government even though some worry it could trigger inflationary pressures.


According to IBGE, the number of jobless people in Brazil was 7.5 million in the period, down 12.5% quarter-on-quarter, while employed citizens totaled 101.8 million – the highest ever for the data series started in 2012.


Average real wages were up 1.8% in the quarter to 3,214 reais ($571.70), the statistics agency said.


Reporting by Gabriel Araujo; Editing by Kirsten Donovan via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Eólica offshore pode ser ‘nova energia hidrelétrica’ do Brasil, diz estudo do Banco Mundial
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Pesquisa considera projeções atuais da EPE, que apontam 4 gigawatts (GW) operacionais em 2035


A energia eólica offshore pode representar uma opção de “proteção energética” para o Brasil diante de secas cada vez mais recorrentes que prejudicam a geração hídrica, ainda a principal fonte da matriz elétrica nacional, segundo um estudo sobre o tema realizado pelo Banco Mundial e entregue ao Ministério de Minas e Energia.


O estudo apontou que, comparando a produção real de energia hidrelétrica com a produção simulada de energia eólica offshore durante um período de sete anos, a produção eólica offshore seria maior nos meses em que os níveis hídricos estivessem mais baixos.


“Segundo a análise, a variabilidade anual da energia eólica offshore seria significativamente inferior à da energia hidrelétrica em grande parte do país. Logo, se implementada em grande escala, a energia eólica offshore pode oferecer uma ‘proteção energética’ para anos com secas inusitadas, como foi observado, por exemplo, na última década”, diz o relatório.


O Banco Mundial ressaltou, porém, que as eólicas offshore só seriam capazes de compensar a variabilidade da produção hídrica se atingirem escala suficiente, com uma aposta mais agressiva do país na fonte do que o atualmente vislumbrado pela Empresa de Pesquisa Energética (EPE).


O cenário-base do estudo considera as projeções atuais da EPE, que apontam uma adoção “modesta” da energia eólica offshore, com 4 gigawatts (GW) operacionais em 2035 e 16 GW até 2050. Isso significaria investimentos de cerca de US$ 40 bilhões até 2050 para construção dos parques no mar, com um uso de apenas 1,2% do leito marinho disponível, principalmente no Nordeste.


O Brasil apresenta um enorme potencial para exploração de energia eólica offshore e já tem quase 100 projetos, que somam cerca de 230 GW de potência, com pedido de licenciamento ambiental junto ao Ibama, mas todos ainda em estágios iniciais de desenvolvimento.


A tecnologia atrai a atenção de grandes empresas, desde petroleiras até geradoras de energia elétrica, que apontam como o principal impeditivo para tirar os empreendimentos do papel a falta de um marco regulatório para o segmento. Há uma proposta em tramitação no Congresso, mas a inclusão de uma série de emendas “jabutis” no texto acabou dificultando sua aprovação.


Além disso, os custos para construção dos parques e aquisição dessa energia ainda são bem mais elevados se comparados com o de outras fontes renováveis, como as eólicas em terra e a solar.


Esses níveis mais altos de penetração da eólica offshore exigiriam, por exemplo, obras de modernização do sistema de transmissão, investimentos maiores em infraestrutura portuária e reforços da cadeia de suprimentos para fornecimento de turbinas, apontou o relatório.


Leia a reportagem na íntegra


Via Forbes Brasil

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Bolsa sobe 0,19% e acumula ganho de 3,19% no mês, com forte entrada de estrangeiros
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
MERCADO


Bolsa


O Ibovespa encerrou a segunda-feira com ganho de 0,19% aos 127.860 pontos, com giro financeiro fraco de R$ 17,1 bilhões (R$ 14,2 bilhões à vista), sustentando bom desempenho no mês (+3,19%) diante de um cenário de curto prazo carregado de incertezas e com desafios importantes para a economia concentrados no orçamento fiscal e agora, na expectativa dos resultados corporativos do 1º semestre que dependendo da qualidade dos números deve influenciar o rumo dos mercados. Os investidores estrangeiros que registraram retiradas líquidas da B3 durante o 1º semestre, voltaram firmes à B3 em julho, acumulando entrada de R$ 6,55 bilhões até o dia 19.  No dia o saldo de estrangeiro foi positivo em R$ 1,97 bilhão e na contramão os investidores institucionais seguem retirando recursos (R$ 6,92 bilhões em julho).


Câmbio




O dólar fechou o dia com queda de 0,38% a R$ 5,5761 (mercado spot), mas segue indicando cautela de investidores em relação a ativos de risco. No ano, moeda americana acumula alta de 14,81% em relação ao real.


Juros


Os contratos de juros futuros para jan/25 fecharam praticamente estáveis de 10,681% para 10,661% e para jan/30 a taxa do DI recuou de 12,087% para 12,008%.


ANÁLISE DE SETORES E EMPRESAS






Energisa (ENGI11)


Consumo de energia cresceu 4,5% em junho na comparação anual


A Energisa registrou em junho de 2024 consumo consolidado de energia elétrica, considerando o mercado cativo e livre, de 3.113 GWh, um aumento de 4.5% em relação a junho/23. Desconsiderando a energia não-faturada, que sazonalmente é negativa no mês, a evolução do consumo foi de 8,4%.




Carrefour Brasil (CRFB3)


Reversão de prejuízo para lucro de R$ 330 milhões no 1S24






O lucro Líquido dos controladores, passou de um prejuízo de R$ 249 milhões no 2T23 para lucro de R$ 330 milhões em jun/24 e no acumulado do ano foi de R$ 362 milhões negativos para um ganho de R$ 369 milhões. No ajustado, o resultado semestral passou de prejuízo de R$ 346 milhões para um lucro de R$ 202 milhões.




Hapvida (HAPV3)


Entendimentos com a Riza para operação de Build to Suit






A companhia celebrou memorando de entendimentos com a Riza Gestora de Recursos Ltda (Riza) para o custeio de dois novos hospitais na modalidade Build to Suit (BTS e Transação, respectivamente). Os imóveis, nas cidades do RJ e de SP, se encontram em fase final de negociação.




Embraer (EMBR3)


Acordo para venda de 9 aeronvaes C-390 para Holanda e Áustria






O Ministério da Defesa da Holanda assinou contrato para a compra de nove aeronaves C-390 Millennium da Embraer. O contrato é uma compra conjunta com a Áustria – cinco aeronaves serão para a Força Aérea Real Holandesa e quatro para a Força Área Austríaca.


Leia o boletim completo ou baixe em pdf


Via Planner











			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil chicken exporters enjoy less US competition, strong Mideast demand
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian chicken export data indicates the outlook is positive for the remainder of 2024, meat lobby ABPA said on Monday, citing weaker competition from U.S. supplies and continued strong demand from traditional Middle East importers


Brazil’s chicken exports averaged 431,400 metric tons per month through June, 0.8% higher than the monthly average recorded for the whole of 2023, which was 428,200 tons, according to ABPA data.


The relative absence from U.S.-based chicken exporters in the market, and steady sales to countries like the United Arab Emirate and Saudi Arabia, are good signs for suppliers in Brazil, the world’s largest chicken exporter, according to ABPA.


The fact that Brazil, the world’s largest chicken supplier, also historically exports more in the second half of the year is also a boon.


He added that for Brazilian companies, this meant more export volumes destined for Latin American countries, including Mexico and Chile, allowing Brazil to reposition itself in strategic markets for products such as chicken legs and chicken breast.


By volume, Brazilian chicken exports were the best in history between April and June, ABPA said.


However, price-wise the picture is not as rosy, as Brazil’s aggregate chicken export sales reached $4.636 billion in the first half, 10.3% below the $5.168 billion from the same period in 2023, according to ABPA data.


Read the full article






Reporting by Ana Mano, Editing by Franklin Paul and Aurora Ellis via Reuters





			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil says G20 sherpas to avoid thorny issues at prep meetings
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
G20 diplomats have agreed to avoid prickly geopolitical issues during their ministerial meetings preparing for the summit of the world’s largest economies in November, host Brazil’s sherpa said on Friday


Meetings through October will avoid geopolitical discussions so that agreements can be advanced on issues such as climate change, reducing hunger in the world, trade and investment, according to Mauricio Lyrio, Brazil’s G20 sherpa.


In February, finance leaders from G20 failed to agree on a joint statement in a meeting in Brazil, with divisions over the wars in Gaza and Ukraine.


Lyrio told journalists that an agreement was reached with his counterparts in the group, following “really tough talks” during a preparatory meeting in Rio de Janeiro this week.




“What we got in this meeting was a deal to how to proceed from now on, so the ministers can focus on their specific themes,” he told journalists. “Look for agreements in your areas. You do not need to deal with geopolitics anymore”.




Later this month, economic leaders and central bank chiefs from the group will meet in Rio de Janeiro, where the annual summit of G20 leaders is scheduled for November 18-19.


Read the full article


Reporting by Rodrigo Viga Gaier in Rio de Janeiro; writing by Andre Romani; Editing by Raju Gopalakrishnan

Via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil joins race to loosen China’s grip on rare earths industry
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Mining giant Brazil has big ambitions to build a rare earths industry as Western economies push to secure the metals needed for magnets used in green energy and defence and break China’s dominance of the supply chain


Working to its advantage are low labour costs, clean energy, established regulations and proximity to end markets, including Latin America’s first magnet plant which would provide a ready buyer for the metals.


But low rare earths prices, technical challenges and nervous lenders pose challenges to the Latin American nation’s hopes to propel itself into the world’s top five rare earths producers.


The pace at which Brazil’s rare earths projects come together will be a test for how successful the West may be at building a new advanced industry almost from scratch to break China’s grip.


Brazil holds the world’s third-largest rare earth reserves. The country’s first rare earths mine, Serra Verde, started commercial production this year.


Output is set to grow, analysts, mining CEOs and investors say, supported by Western government incentives that are also accelerating a global rare earths refining and processing industry.


The U.S. and its allies, almost entirely dependent on China for rare earths metals and magnets, set out to build a separate supply chain by 2027 after deliveries were disrupted during the COVID-19 pandemic early this decade.


For countries like Australia, Vietnam and Brazil looking to catch up, progress is slow. Serra Verde has taken 15 years to get into production. It is expected to produce 5,000 tons once ramped up and could double output by 2030, its CEO said.


“Serra Verde and Brazil have significant competitive advantages that could underpin the development of a globally significant rare earths industry over the long term,” Serra Verde CEO Thras Moraitis told Reuters.


Those include attractive geology, access to hydropower, established regulations and a skilled workforce, he said.


Brazil could have two or three more rare earths mines by 2030, potentially exceeding Australia’s current annual output, said Reg Spencer, an analyst at broker Canaccord.


Basement Prices


One major obstacle is a 70% slump in rare earths prices over the past two years that has made it difficult for companies to raise funds for mines and processing.


“Getting money at the moment is tough,” Nick Holthouse, chief executive of Australian-listed developer Meteoric Resources, told Reuters.




Complexities


While labour is cheap, developers face technical hurdles. Unlike in China, many Western companies are still perfecting the complex processes for producing rare earth metals, a costly challenge that has stalled projects for years.


To spur developments, the Brazilian government launched a 1 billion reais ($194.53 million) fund in February to finance strategic minerals projects, including rare earths.


It also wants to build an industry for transforming these minerals into alloys for batteries, wind turbines and electric motors, the Ministry of Mines and Energy said in a statement.




The challenge is to stimulate production and build partnerships to promote element separation technologies and supply chain development, the ministry said. It is also looking into rare earths recycling.


Read the full story


Reporting by Melanie Burton in Melbourne and Fabio Teixeira in Rio de Janeiro; Editing by Sonali Paul via Reuters


 


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil government will not insist on tighter tax credit rules, sources say
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government will not insist on a highly contested measure tightening rules for tax credits after the Senate sent it back, but there is still no decision on a replacement measure, two sources close to the presidential palace told Reuters on Tuesday


The Finance Ministry had included the measure last week in an executive order outlining tighter rules for the use of tax credits by companies. The measure triggered a strong backlash from the most affected industries, including the powerful agribusiness sector.


An executive order takes immediate effect but needs to be voted on by lawmakers within four months to remain valid. By sending it back to the government, in effect the order is canceled. The measure had aimed to raise as much as 29.2 billion reais ($5.52 billion) to offset a revenue loss of 26.3 billion reais from tax benefits passed by Congress for the payrolls of some economic sectors and small cities.


The government needs to find alternatives to compensate for the lost revenue, because the Supreme Court has ruled that Congress must approve compensation for maintaining payroll benefits. No alternative has been decided so far, the sources said. It will be up to President Luiz Inacio Lula da Silva’s economic team to rework a proposal that is more palatable to Congress and the industries.




As of Monday, Finance Minister Fernando Haddad was still betting that he would be able to negotiate the tighter tax credit rules with Congress, one of the sources said.




But after a conversation with Senate President Rodrigo Pacheco on Monday, Lula was convinced the measure would have no chance of succeeding, the source said.


Later on Tuesday, Haddad told reporters that his ministry has no plan B for the measure and that the Senate has assumed part of the responsibility for finding a solution.











Reporting by Lisandra Paraguassu, Maria Carolina Marcello and Victor Borges in Brasilia and Luana Maria Benedito in Sao Paulo; Writing by Peter Frontini; editing by Jonathan Oatis, Kylie Madry and Leslie Adler

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Exportação de carne bovina do Brasil bate recorde em maio
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
China permanece como principal destino, enquanto Estados Unidos e Chile também demonstram crescimento significativo


A exportação de carne bovina do Brasil somou 212 mil toneladas em maio, alta de 25,85% na comparação com o mesmo mês do ano passado, configurando um novo recorde mensal na série histórica, com o país vivendo um momento de maior oferta e preços competitivos, de acordo com dados preliminares da Secretaria de Comércio Exterior (Secex), divulgados na quinta-feira.


Esse volume exportado pelo Brasil, maior exportador global de carne bovina, considera o produto in natura, refrigerado ou congelado. O total de maio supera as 208,0 mil toneladas registradas em abril e o recorde anterior, de dezembro de 2023, de 208,4 mil toneladas, conforme dados da Secex apurados pela Reuters.


O valor exportado de carne in natura no mês passado, de 954,9 milhões de dólares, representa uma alta de 11,3% na comparação com maio de 2023, apesar de uma queda no preço médio do produto exportado de 11,6%, que foi mais do que compensada pela alta nos volumes.


As grandes exportações acontecem após o Brasil ter registrado um recorde abates de bovinos pelos frigoríficos no primeiro trimestre, conforme números do Instituto Brasileiro de Geografia e Estatísticas (IBGE) divulgados nesta quinta-feira, uma vez que a pecuária do país vive um ciclo de maior oferta de animais.


Destinos da carne bovina


A China segue como principal destino da carne brasileira, respondendo por 98.243 toneladas em maio, volume um pouco menor que o mês anterior, quando o país exportou 101.365 toneladas, mas mantendo a média cerca de 100 mil toneladas mensais, disse a Abiec.


Mas os destaques do período incluem as exportações para os Estados Unidos, que cresceram 64,6%, chegando a 13.186 toneladas, puxadas pelo aumento dos embarques de carne in natura, que mais que dobraram entre abril e maio, segundo a associação. O faturamento com as exportações para o mercado norte-americano foi de 83,4 milhões de dólares, um crescimento de 52,1%, em comparação ao mês anterior.


Os embarques para o Chile também cresceram 21,9% em maio ante abril, para 10.414 toneladas. A União Europeia importou 6.961 toneladas, com incremento registrado nos embarques de carne in natura,


Leia a reportagem na íntegra


Via Forbes Brasil

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil economy picks up as shoppers spend more
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s economy grew 0.8 percent in the first quarter, the government said Tuesday, a rebound boosted by consumer spending which analysts say could put the central bank on guard over inflation.


Brazil’s GDP was up 2.5 percent compared to the first quarter of 2023, said the Brazilian Institute of Statistics (IBGE).


Independent analyst Andre Perfeito noted a 1.5 percent increase in household consumption was a key factor in the first quarter growth, with more Brazilians working after a fall in unemployment.


William Jackson, chief emerging markets economist at Capital Economics, said the pace of growth and consumer spending “will raise (even more) concerns about inflation at the central bank.”


In May, the government raised its growth projection for 2024 to 2.5 percent.


However, it has warned the estimates do not take into account the devastation caused by historic flooding in the southern state of Rio Grande do Sul, one of the country’s largest economies.


Jackson said the growth rebound was “temporary… and doesn’t mark the start of a strong recovery.”


He said indicators pointed to a weaker second quarter, and Capital Economic estimates 2024 growth at 1.5-1.8 percent.


“The floods in Rio Grande do Sul may weigh on growth. And we doubt that the strength of agricultural production in Q1 will be sustained,” Jackson said.


Read the full story


Via AFP

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Desemprego no Brasil cai a 7,5% no tri até abril, menor nível em 10 anos para o período
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O Brasil registrou uma taxa de desemprego de 7,5% nos três meses encerrados em abril, em um resultado abaixo do esperado que marcou o nível mais baixo de desocupação para esse período em 10 anos, em um mercado de trabalho que segue aquecido


Os dados do Instituto Brasileiro de Geografia e Estatística (IBGE) divulgados nesta quarta-feira mostram que houve recuo de 0,1 ponto percentual em relação à taxa de 7,6% no trimestre imediatamente anterior, até janeiro. No mesmo período do ano passado a taxa foi de 8,5%.


O resultado do trimestre até abril marca a menor taxa de desocupação para esse período desde 2014, quando a taxa estava em 7,2%.


“Isso revela a manutenção da tendência de redução desse indicador, que vem sendo observada desde 2023″, destacou Adriana Beringuy, coordenadora da pesquisa. “A transição do primeiro trimestre para o segundo já mostra um desempenho mais positivo para o mercado de trabalho”.


A expectativa em pesquisa da Reuters para a taxa na Pesquisa Nacional por Amostra de Domicílios (Pnad) era de 7,7%.


De forma geral, especialistas avaliam que o mercado de trabalho brasileiro deve seguir aquecido com uma taxa de desemprego se acomodando em níveis mais baixos.


No entanto, esse cenário provoca alertas em relação à inflação e sua convergência para a meta, principalmente no que diz respeito ao aumento dos preços de serviços.


RIO GRANDE DO SUL


De acordo com Beringuy, essa pesquisa ainda não abrange o impacto da tragédia das chuvas no Rio Grande do Sul, que já deixou 169 pessoas mortas, mas o levantamento para maio já está em campo e só termina no começo de junho.


Leia a reportagem na íntegra


Por Camila Moreira e Rodrigo Viga Gaier


Via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Banco Mundial lança ferramenta que calcula os impactos da reforma tributária na renda das famílias
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Simulador de Imposto sobre Valor Agregado, SimVAT, usa evidências concretas com o objetivo de inspirar o texto final da reforma; mecanismo analisa novas ampliações da Cesta Básica na ajuda aos mais pobres.


O Banco Mundial lançou esta terça-feira (21/05) o Simulador de Imposto sobre Valor Agregado, SimVAT na sigla em inglês, ferramenta interativa que permite aos usuários estimar o impacto da reforma tributária na renda das famílias brasileiras. O objetivo é ajudar a promover uma reforma tributária mais inclusiva. Com o SimVAT, o usuário pode realizar simulações alternando diferentes elementos da reforma e ver os impactos distributivos em comparação com o regime tributário definido pelo Projeto de Lei Complementar 68/2024.


Imposto sobre Valor Agregado


Com o mecanismo também é possível fazer o cálculo tendo como base um Imposto sobre Valor Agregado, IVA, fixo de 20%.


Cesta Básica


Análises feitas com o SimVAT revelam que, em um sistema com uma alíquota padrão única, os 10% mais pobres da população brasileira pagariam o maior imposto sobre o consumo em relação à própria renda. A carga tributária para eles seria de 28% de sua renda. Para os 10% mais ricos, a carga tributária seria de apenas 8,2%. Já uma simulação do Projeto de Lei Complementar 68/2024 mostra que essa alternativa é capaz de reduzir as inequidades do sistema tributário. O SimVAT mostra ainda que novas ampliações da Cesta Básica podem ser uma maneira ineficiente de ajudar os mais pobres.


Um link para a ferramenta está disponível no site do Banco Mundial no Brasil: www.bancomundial.org.br


Por Mariana Ceratti, do Banco Mundial Brasil


Via ONU News

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Plano Real: 30 anos do projeto econômico que transformou o Brasil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
O Plano Real combateu a hiperinflação, promoveu crescimento e estabilidade econômica


A crise econômica da década de 1990 era resultado das gestões do período da Ditadura Militar. Os impactos do regime foram severos, e o país sofria com endividamento externo e uma inflação elevada, que aumentava drasticamente o custo de vida dos trabalhadores.


Em junho de 1994, um mês antes do lançamento do Plano Real, a inflação acumulada em 12 meses era de quase 5.000%. Embora tenha encerrado 1994 com 916%, a inflação caiu para 22% no ano seguinte. A economia enfrentava recessão, alto desemprego, rápida desvalorização dos salários e um aperto monetário que interferia em todos os aspectos da vida cotidiana dos brasileiros.


“O Plano Real foi o maior projeto de organização da economia brasileira desde a proclamação da República”, afirma Vinícius Müller, doutor em História Econômica e professor do Insper. Em maio de 1993, Fernando Henrique Cardoso foi nomeado Ministro da Fazenda pelo Presidente Itamar Franco, assumindo o compromisso de combater a hiperinflação.


O plano envolvia fatores macroeconômicos, monetários e psicológicos, com a criação da URV (Unidade Real de Valor). Segundo Müller, o plano focou na reorganização econômica por meio de ajuste fiscal, continuidade da abertura econômica e diminuição do papel empresarial do governo.


Os benefícios do Plano Real foram diversos. Ele estabilizou a economia, facilitou o acesso ao crédito para os mais vulneráveis, promoveu crescimento econômico regular, aumentou o salário mínimo em termos reais e, o mais importante, reduziu a pobreza absoluta, melhorando as condições de vida da população mais carente no Brasil.


Leia a reportagem na íntegra


Por Poliana Santos via Forbes Brasil

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brasil propõe grupo internacional sobre bioeconomia para o G20
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Uma das propostas apresentadas pelo Brasil, no Encontro dos Líderes de Pesquisa Agrícola do G20 (MACS-G20), é a criação de um grupo temático dedicado a debater e propor questões sobre bioeconomia. Chamada de GIB (Iniciativa G20 sobre Bioeconomia, na sigla em inglês), a proposta é defendida pela comitiva brasileira que ressalta a importância do tema. “O G20 deverá ser o primeiro fórum mundial a tratar o tema em um debate exclusivo e, aqui no Brasil, o esforço conta com a participação de 12 ministérios”, declarou Daniel Lodetti, da Coordenação-Geral de Desenvolvimento Sustentável do Ministério das Relações Exteriores, instância responsável pela liderança nessa proposta.


O Brasil propõe que os países e as organizações internacionais compartilhem experiências exitosas em bioeconomia e definam esse campo, que ainda conta com muitas interpretações. “Ainda não há consenso mundial sobre a definição do termo. Por isso, o Brasil quer começar a padronizar o conceito e ter o G20 como o pioneiro nesse tema e, com isso, esperamos espalhar a iniciativa para outros fóruns globais”, explica o coordenador da edição deste ano do MACS-G20, Marcelo Morandi, chefe da Assessoria de Relações Internacionais da Embrapa.


Voltada à produção sustentável baseada na biodiversidade e nos recursos naturais, a bioeconomia tem ganhado espaço no Brasil e no mundo, de acordo com Morandi. Uma das principais vertentes do tema, atualmente, é a substituição de matérias-primas fósseis por similares naturais. É o caso de fertilizantes, estimulantes de crescimento e pesticidas à base de microrganismos como fungos e bactérias, inofensivos ao meio ambiente e à saúde humana. Morandi informou que o emprego de bioinsumos tem crescido a cada ano.


Bioeconomia combate a pobreza e aumenta a sustentabilidade


“A bioeconomia será capaz de garantir a segurança alimentar e promover resiliência às mudanças do clima”, defendeu a diretora de Negócios da Embrapa, Ana Euler, durante o evento. Segundo ela, a base biológica deverá substituir no longo prazo inúmeros produtos de origem fóssil, de combustíveis a fertilizantes. “Essa é a base do Programa Nacional de Biofertilizantes [do Brasil]”, ressaltou exemplificando com bioinsumos desenvolvidos pela Embrapa: um para combate de pragas e estimulante de crescimento de soja, outro que promove obtenção de fósforo já presente no solo pela planta e um terceiro que ajuda a planta a resistir à seca. Todos têm bactérias em sua composição.


Euler também defendeu a bioeconomia como mecanismo de desenvolvimento social. “Na Amazônia, somente em 2021, as tecnologias da Embrapa focadas na sócio-bioeconomia criaram 3 mil empregos diretos e promoveram um impacto de mais de US$ 30 milhões na região”, contou a diretora ao relatar que há mais de 100 tecnologias que atendem hoje a mais de 50 cadeias produtivas.


“Esperamos entregar uma base de alto nível em bioeconomia que vai subsidiar a reunião de líderes de governo do G20, que se reunirão no Rio de Janeiro, este ano”, concluiu Lodetti.


Leia a matéria na íntegra


Por Fabio Reynol e Marita Cardillo via Embrapa

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Crescimento da indústria brasileira tem em abril ritmo mais forte em quase 3 anos
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
O Índice de Gerentes de Compras (PMI) aponta expansão da atividade industrial, com crescimento acentuado na entrada de novos negócios, produção e empregos


O setor industrial brasileiro iniciou o segundo trimestre com o crescimento mais intenso em quase três anos diante de um aumento acentuado na entrada de novos negócios em abril, alimentando a produção e a criação de empregos, mostrou o Índice de Gerentes de Compras (PMI, na sigla em inglês).


O PMI da indústria brasileira, compilado pela S&P Global, disparou a 55,9 em abril, de 53,6 em março, marcando a melhora mais forte das condições operacionais desde julho de 2021. Resultado acima de 50 indica expansão da atividade.


A pesquisa divulgada nesta quinta-feira aponta que a melhora do indicador deveu-se ao impacto positivo da demanda em medidas como vendas, produção, emprego e estoques de compras.


A necessidade de aumentar a capacidade levou os produtores brasileiros a ampliar o número de funcionários no ritmo mais rápido em 21 meses.


O fortalecimento da confiança em relação às perspectivas para a produção também alimentou o crescimento do emprego. A melhora da demanda, investimentos em capacidade, a redução dos juros e a diversificação da produção elevaram o otimismo para o maior nível em três meses.


Leia a reportagem na íntegra


Via Forbes Money


 


 


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agrishow: Cooperativas de crédito ao agro estimam R$ 3,8 bilhões em negócios
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Sicredi e Sicoob têm recursos próprios para linhas de crédito aos cooperados e afirmam que maior busca é por recursos para custeio


Com cautela e de olho no movimento dos produtores rurais, as cooperativas de crédito presentes na Agrishow – 29ª Feira Internacional de Tecnologia Agrícola em Ação, que termina na sexta-feira (3), em Ribeirão Preto, vão consolidando suas estratégias para os valores estimados. Pressionados pela baixa das commodities, principalmente grãos, mas animados com o desempenho de setores como o café e a cana-de-açúcar, a meta é pelo menos manter os patamares do ano passado ou até avançar um pouco.


As linhas para custeio da safra são o alvo das cooperativas. Os dois principais sistemas de cooperativas de crédito, Sicredi (Sistema de Crédito Cooperativo) e o Sicoob (Sistema de Cooperativas Financeiras do Brasil), esperam fechar negócios da ordem de R$ 3,8 bilhões durante a feira ou iniciados no evento.


“O investimento é o que mais gira nessas feiras em geral. O grosso do financiamento vinculado a investimentos, que os produtores usam para comprar implementos agrícolas”, diz Gustavo Freitas,  diretor de crédito do Sicredi.


Freitas lembra que fatores negativos como juros altos, eventualidades climáticas e o choque nos preços das commodities impactaram o mercado de crédito, que na safra passada havia crescido 24%. Muitos produtores migraram para o consórcio, que cresceu de R$ 22 bilhões em 2022 para R$ 37 bilhões no ano passado. “O produtor está preferindo pagar um ‘pedaço’ da máquina todo mês, sem juros, até ser sorteado”, diz.


Mas a sequência de cortes na taxa Selic, pelo BC (Banco Central), dá melhores perspectivas para os clientes do Sicredi, que tem linhas de crédito com 3,6% até 17% de juros anuais. “No lançamento da safra, a taxa básica de juros era de 13,25%, hoje é cerca de 10% e na próxima [reunião do Copom, o Comitê de Política Monetária] deve estar ainda mais baixo. Isso, num financiamento de dez anos, faz uma diferença enorme.” Outro detalhe é a espera do novo Plano Safra, que pode vir com condições de crédito mais favorável.


A Agrishow espera receber cerca de 200 mil visitantes de 50 países, entre eles China, Alemanha, EUA, Colômbia, Holanda, Itália e países vizinhos. Entre companhias internacionais e brasileiras, participam da feira cerca de 800 empresas.


Leia a reportagem na íntegra


Por Vera Ondei e Bruno Cirillo Via Forbes

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s inflation slows to 0.21% in mid-April
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil’s consumer prices rose slightly less than expected in the mid-April reading, data from statistics agency IBGE showed on Friday.


Prices in Latin America’s largest economy rose 0.21% in the month to mid-March, below the 0.29% growth expected by economists polled by Reuters.


This took the inflation of the previous 12 months to 3.77%, slowing down from 4.14% in the 12 months to mid-March and also below expectations of a 3.86% increase. The reading marked the first time since July last year the figure came in below 4%.


“All told, the inflation picture continues to improve in Brazil, thanks to favorable base effects, the lagged effect of high-interest rates and softening domestic demand,” said Andres Abadia, Chief Latam Economist at Pantheon Macroeconomics.


Read the full article


Reporting by Peter Frontini; Editing by Steven Grattan and Angus MacSwan via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
2-Key Brazilian economic activity index rises for fourth straight month
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Economic activity in Brazil rose for the fourth straight month in February, a central bank index showed on Wednesday.


The IBC-Br economic activity index, considered a leading indicator of gross domestic product, increased by a seasonally adjusted 0.4%, matching expectations from analysts polled by Reuters, and following a revised 0.52% increase in January.


Recent official data revealed unexpected growth in the retail sector in February, while the services sector and industrial output surprisingly dropped in Brazil.


Meanwhile, the largest economy in Latin America created a net 306,111 formal jobs in February, beating estimates.


On a non-seasonally adjusted basis, the IBC-Br expanded by 2.59% since February of last year and grew by 2.34% on a 12-month basis.


Learn more


Reporting by Camila Moreira and Andre Romani via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Southern Brazil reaps record soy to offset center-west crop failure
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A record soybean harvest in Brazil’s southernmost state should offset losses in the drought-hit center west, keeping a lid on prices in the world’s largest producer and exporter and slowing the pace of sales, according to local farmers and cooperatives.


Rio Grande do Sul will produce 68% more soybeans this season than last, according to estimates from national crop agency Conab, which said Thursday the state would regain the post of Brazil’s No.2 producer after Mato Grosso. Another state crop agency Emater projects a record crop of 22.25 million metric tons, up 71.5% from a year ago.






That marks a dramatic comeback after two straight years of drought in southern Brazil and neighboring Argentina. In the current crop, the El Nino weather pattern has hammered soybean farmers in Brazil’s top-producing state of Mato Grosso but compensated with strong yields in the south.






‘A GOOD PROBLEM’


Brazil will produce an estimated 146.5 million tons of soybeans this season, according to Conab, which had forecast 162 million tons in October, before the strong El Nino ravaged fields in center-west Brazil. In Mato Grosso, where Conab forecasts a drop of 7.5 million tons in soy production this year, global grain merchants often buy directly from farmers. But in Rio Grande do Sul they tend to deal with cooperatives set up in the late 1950s initially to help wheat producers store and sell the crop, said Enio Schroeder, vice-president at Cotrijal, the state’s largest farm coop, with more than 16,000 members.






Read the full report




Reporting by Ana Maro and Diego Vara via Reuters

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil hopes COP30 climate summit boosts ecotourism
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazilian tourism officials are hoping to change the country’s image as a mere haven for scantily clad beachgoers by hosting U.N. climate talks next year in the Amazon rainforest city of Belem that will focus on environmental sustainability and ending deforestation to slow global warming


The summit is expected to boost Brazil’s attractiveness as an ecotourism destination and increase travel to its Amazon rainforest and other biomes that offer the world’s greatest biodiversity, Tourism Minister Celso Sabino said.




Only 9% of current visitors to Brazil are ecotourists, while almost two out of every three tourists come for sun and beach, he said in an interview late on Tuesday.


“Tourism is essential for the sustainability and preservation of forests, bringing needed economic development for the local inhabitants,” he said.




Drawing more environmental and adventure travelers is part of the government’s plan to increase overall tourism in Brazil, which is low in comparison with other countries. Tourism contributes less than 8% of Brazil’s GDP, compared to more than 20% in Spain, Portugal or the Dominican Republic, he said.








Sabino is working on expanding flights to Brazil and will be at the Seatrade Cruise Global fair in Miami next week to discuss increasing the number of cruise ship visits to Brazilian ports.




All steps to raise foreign and domestic tourism are welcomed by private businesses complaining that the number of tourists remains stagnant and below the pre-pandemic level.


“Brazil has a natural vocation for ecotourism given its unique biodiversity. There is an enormous potential to be tapped,” said Marina Figueiredo, executive president of Braztoa, the Brazilian tour operators association.








Tourists worldwide are looking for new experiences with nature and wildlife, Figueiredo told Reuters.


“COP30 next year will be more than just a conference. It is a very strategic event that will showcase Brazil as a country that protects the environment and preserves nature,” she said.




—




Reporting by Anthony Boadle; Editing by Paul Simao




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian Tax Reform And Its Implications For Foreign Sellers
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazilian consumption taxes are highly complex. Different levels of government have the authority to levy taxes on consumption, leading to the coexistence of multiple taxes, each governed by distinct rules. This complexity creates numerous challenges, such as tax competition between states and conflicts of jurisdiction among different tiers of government.


Despite doubts about the possibility of tax reform in Brazil, the long-awaited simplification of the tax system has finally been enacted after nearly four decades of discussions and several unsuccessful attempts.


Current Brazilian consumption tax system


The Brazilian Federal Constitution of 1988 granted the authority to levy consumption taxes to all levels of government — federal, state, and municipal. As a result, Brazil operates with multiple layers of taxation, with various taxes existing concurrently. This constitutional framework delineates the division of taxation responsibilities regarding goods and services.


Brazilian tax reform


On 20 December 2023, Brazil approved the long-awaited reform, replacing the existing consumption taxes with a dual VAT system comprising a subnational VAT (imposto sobre bens e serviços, IBS) and a federal VAT (contribuição sobre bens e serviços, CBS). Both federal and subnational VAT will share key features, such as the taxable transaction and base, and will operate on a non-cumulative basis following the destination principle.


Implications for foreign remote sellers


Foreign remote sellers currently have no tax compliance obligations in Brazil. Unlike many other countries, Brazil has not implemented special regulations mandating remote sellers to collect Brazilian consumption taxes on digital services provided to Brazilian customers.


Although the proposed reform does not explicitly outline rules for foreign sellers of digital services, some initial insights can be drawn based on its overarching principles. Under the Brazilian dual VAT system, taxable transactions will include both domestic and import transactions involving tangible goods, intangible goods, and services. The destination principle will apply to both cross-border transactions and domestic ones, but the criteria for determining the customer’s location will be specified in the complementary law. As a result, services provided by foreign sellers will be subject to taxation in Brazil. However, the specific tax collection mechanism Brazil will adopt has yet to be determined. If tax collection obligations are imposed on foreign sellers, they will face significant challenges in determining the customer’s location and the applicable tax rate, which may vary from one municipality to another.


Concluding remarks


The Brazilian tax reform aims to address long-standing issues of tax competition and jurisdictional conflicts among different levels of government. Once fully implemented, it is expected to simplify taxation and enhance tax administration and compliance. The new system will align more closely with international tax principles and will also encompass digital services provided by remote sellers to Brazilian customers. However, clarity is still needed regarding the application of tax collection responsibilities. Furthermore, the tax reform is anticipated to stimulate foreign investments in Brazil. Many companies interested in investing in the country currently hesitate due to the complexity of the tax system. However, the cost reductions resulting from the reform may lead to increased interest in establishing a local presence in Brazil.


By Aleksandra Bal via Forbes


Read the full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The US Treasury Secretary Calls Brazil’s Tax Reform ‘historic’
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
On Tuesday, February 27, US Treasury Secretary Janet Yellen called the Brazilian tax reform approved by the National Congress last year “truly historic”. According to her, the measure may attract foreign investments to the country.


“I congratulate Minister [of the Economy, Fernando] Haddad for proposing truly historic tax reform. This will make business easier, including for US companies to invest in Brazil.”


The reform is one of the main measures the Lula government and minister of economy Fernando Haddad have been advocating for, which promises to modernize Brazil’s tax system by implementing a taxation model currently used in many developed countries. The government expects to send the bill to the National Congress in March.


From the newsroom

Translated by: Ana Paula Rocha | Edited by: Nicolau Soares via Brasil de Fato 


Read full article.


Leia em português.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Legal Insights From Brazil to Start Your Week
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
 






Capital Markets | Brazilian Authority Updates Rules For Eligible Underlying Assets of CRI and CRA; Reimbursement of Expenses Remains Restricted


The National Monetary Council (CMN) promoted specific adjustments to regulation that substantially impacted the offering of Agribusiness Receivables Certificate (CRA) and Real Estate Receivables Certificate (CRI) by agribusiness and real estate related companies, respectively.


See below the changes that Resolution No. 5,121, of March 1st, made to Resolution No. 5,118:


1. The Definition of “Debt Instruments” Does Not Include Commercial Contracts: The wording of Resolution 5.118 generated doubt among market agents whether or not it included contracts of a commercial nature, which are common in securitization transactions.


The CMN clarifies, through Resolution 5.121, that contracts of a commercial nature, such as rental contracts, purchase and sale contracts and usufruct contracts related to real estate, can be used as underlying asset for CRA and CRI offerings.


2. Possibility of Issuing CCI as Backing for CRIs: The revised regulation now allows debt instruments whose issuers are not characterized as debtors, co-debtors or guarantors to also be backed by CRA and CRI, such as the Real Estate Credit Certificate (CCI), which is a title issued by a real estate lender.


3. Prohibition of Backing with Debt Instruments of Financial Institutions: Another amendment to Resolution 5.118 sought to restrict the application of the new prohibitions to financial institutions or their respective subsidiaries.


4. Possibility of CRI Offerings for Reimbursement of Expenses Remain Prohibited: One of the points that market agents expected that the CMN would review was regarding offering of CRI for reimbursement of expenses.


Resolution 5.121 did not change the restriction imposed by Resolution 5.118 that CRAs and CRIs cannot contain as collateral credit rights “arising from financial operations whose resources are used to reimburse expenses”.


Although the changes introduced are welcome, the CMN should have also allowed the possibility of CRI for reimbursement of expenses, which is a typical real estate transaction and brings liquidity to the sector.







 






Dispute Resolution | New “Electronic Judicial Domicile” System in Brazil: Mandatory Registration of Brazilian Companies Must Be Completed by May 2024


According to the Brazilian National Council of Justice (CNJ), registration is mandatory for all companies that are registered in Brazil (i.e., that have a taxpayer number, so-called “CNPJ”), except if they are classified as “micro” or “small” company. Such registration must be completed by May 30th, 2024.


After such deadline, (i) inclusion will be automatic, based on Brazilian Federal Revenue data, (ii) all procedural communications sent via Electronic Judicial Domicile will be deemed acknowledged and valid, (iii) the company will be exposed to penalties and procedural sanctions for non-compliance with such judicial communications (including default of appearance and possible convictions) and (iv) if the company does not use the portal and/or does not respond to procedural communications, a fine will be imposed.


The Electronic Judicial Domicile is a platform that concentrates all communications and subpoenas, issued by Brazilian courts and directed to companies, on a single system. It is worth mentioning that the system encompasses all Brazilian courts, regardless of the jurisdiction (for example, civil, federal, labor, tax courts and even superior courts).


The purpose of the system is to facilitate procedural communications, standardize access to such subpoenas and expand the digitalization of the Judiciary. As its use will be mandatory, companies must designate an employee/third party to periodically access the portal and train them to operate the platform – so that they perform the filtering and forward such communication to an external lawyer hired by the company.


According to the rules of the Electronic Judicial Domicile system, all summonses will be deemed read and valid after 3 business days, and all notifications after 10 business days, starting the procedural deadlines. Also, in case of failure to confirm receipt of the summons, the company will be subject to a fine of up to 5% of the value of the claim.


It is important to highlight those communications directed to retained lawyers and/or lawyers already with powers in legal proceedings will not be affected by the new system. The Electronic Judicial Domicile only encompasses communications that are targeted by the Courts directly to companies, as is the case with summonses (i.e., for new claims, in which there is no appointed lawyer yet) or personal subpoenas (in which the communication is made to the party, and not via a lawyer).







 






Labor | Brazilian Superior Labor Court Denies Award Bank Employee Status To Former Employee of Payment Methods Fintech


The 4th Panel of the Brazilian Superior Labor Court (TST) recognized that employees of a fintech of payment methods cannot be equated with bank employees, even if only for the purposes of labor and employment rights.


The actions that have reached the TST seek to classify payment method companies in the financial category, in which case the employment contract becomes governed by the collective bargain agreement of bank employees, generally more advantageous, such as, for example, working hours six hours a day (30 hours a week).


However, the activities of payment method companies are incompatible with those of financial institutions in the eyes of the Brazilian Central Bank, due to an express legal prohibition. The activity of means of payment is governed by Law No. 12,865, of 2013, which provides for payment arrangements and payment institutions that are part of the Brazilian Payment System (SPB – Brazilian Acronym), which expressly prohibits the performance of these companies in activities carried out by institutions financial institutions regulated by the Brazilian Central Bank.


In this case, the Brazilian Regional Labor Court of Rio de Janeiro had understood that the evidence demonstrated that the company acted as a financial company and not just as a payment method company, because in addition to managing credit cards, the company allegedly performed services of “ credit, financing or investments”.


The fintech appealed the decision to the Superior Labor Court (TST – Brazilian Acronym), and, for the Reporting Judge of the case at the TST, Judge Maria Cristina Peduzzi, as credit card operators act only as intermediaries between the end user, commercial establishments and financial institutions, which are regulated by the Central Bank of Brazil, payment method companies do not, as a rule, qualify as financial institutions.


The Reporting Judger highlighted that “the classification of the activities carried out by the employee as belonging to a (non-financial) payment institution is sufficient to remove the status of a financial institution”, since intermediation and services do not mean that they actually performed the services of financial institutions.


We highlight that, fortunately, this decision is in line with the majority understanding of the TST on the subject, which, since 2020, has been taking a position in the sense that employees of fintechs, and other means of payment, act in fact as banking correspondents and cannot be classified as banking or financial institutions, therefore recognizing the regularity of the companies before the Brazilian Central Bank and the absence of labor rights for bank employees to the employees of these companies.







Via Feijó Lopes Advogados 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Novas Perspectivas – Fundos (impactos: jurídicos, fiscais e tributários)
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Novas Perspectivas – Fundos (impactos: jurídicos, fiscais e tributários)


Wed, Mar 6, 2024 9:00 AM BRT


Programação:


09:00 – 09:20 Abertura/Avisos/Pesquisa

09:20 – 09:35 Palestrante: Gisele Sterzeck (BR)

09:35 – 09:55 Palestrante: Ana Gaertner (BR)

09:55 – 10:25 Palestrante: Eduardo Alves (BR)

10:25 – 10:55 Palestrante: Flavia Fernandes (BR)

10:55 – 11:00 Perguntas e Respostas (Q&A)

11:00 – 11:00 Encerramento




INSCREVA-SE AQUI.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Banco do Brasil é Considerado o Mais Sustentável do Mundo em Ranking pela 5ª vez
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
O Banco do Brasil foi considerado o mais sustentável do mundo pela consultoria Corporate Knights, que avalia o desempenho em sustentabilidade corporativa de cerca de 7.000 empresas de capital aberto mundo afora com receitas brutas acima de US$ 1 bilhão. Foi a quinta vez que o BB foi o banco mais bem avaliado entre as 100 empresas mais sustentáveis. Além disso, pela primeira vez, a instituição figurou entre as dez organizações mais bem colocadas, ocupando a sexta posição.


A avaliação da Corporate Knights leva em conta 25 indicadores econômicos, ambientais e sociais, relativos a receitas e investimentos sustentáveis, promoção da descarbonização, diversidade racial e de gênero.


“Este reconhecimento evidencia nossa atuação consistente no tema ASG sigla para boas práticas ambientais, sociais e de governança. Em 2023, reforçamos ainda mais este nosso trabalho, com a criação de uma Unidade Estratégica para conduzir de modo transversal as pautas ambientais, sociais e de governança no banco”, afirma a presidente do BB, Tarciana Medeiros, em nota. “Temos compromissos públicos e com metas concretas em cada uma dessas frentes, atuando de modo voluntário, protagonista e como verdadeiros líderes em sustentabilidade empresarial no Brasil e no mundo.”


Além das metas e estruturas internas voltadas ao tema, o banco tem uma carteira de R$ 338,2 bilhões em créditos com pegada sustentável. São empréstimos e financiamentos para atividades e setores que têm impactos sociais e ambientais positivos, como energias renováveis, eficiência energética, produção sustentável de alimentos e desenvolvimento local e regional.


“Estamos em um momento em que nossas ações e compromissos para um mundo mais sustentável, conectados aos Objetivos de Desenvolvimento Sustentável da ONU, convidam todos os públicos de relacionamento a assumirem responsabilidades diante das mudanças climáticas e seus efeitos na vida das pessoas e comunidades no presente e no futuro”, diz o vice-presidente de Governo e Sustentabilidade Empresarial do banco, José Ricardo Sasseron.


Via Isto é Dinheiro


Leia o artigo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
M&As in Brazil Expected to Reach Record Levels in 2024
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


After falling last year, the number of M&A operations in Brazil is expected to recover in 2024.


Consulting firm Kroll registered 1,400 transactions last year, compared to 1,543 in 2022.


“In 2024, we’ll see the return of a record volume of M&A operations, to around 1,600, as we had in 2021. This is because I expect the return of appetite from foreign investors amid a reduction in interest rates in Brazil and due to less political noise,” Alexandre Pierantoni, the head of Kroll’s corporate finance and M&A area, told BNamericas.


President Luiz Inácio Lula da Silva returned to the presidency in January 2023, narrowly defeating Jair Bolsonaro in October 2022. The transition of power led market players to postpone investment decisions until the government’s plans became clearer.


In addition, M&As and the capital market were impacted by a high base rate of 13.75%. The central bank started a reduction cycle only in August as inflation fell, with the benchmark Selic currently at 11.75% and further reductions expected.


“The positive impacts of the Selic reduction will still materialize, especially when we reach a single-digit level, closer to 9%. I believe that from the second half of the year we will see signs of the return of IPOs, which will also help to provide traction to M&A movements,” said Pierantoni.


The financial and technology sectors will remain the most significant ones in terms of transactions, followed by energy and water.


“São Paulo state is expected to complete the privatization of water utility Sabesp this year, which in itself is a major operation. Furthermore, the completion of this operation could attract even more investor interest to companies in the sector, including to companies that are not yet listed,” added Pierantoni.


Recently, Sabesp hired banks to handle part of the privatization, which is envisaged as a share offering planned for this half. The state owns 50.3% and wants to keep 15-30%. The rest of the shares are listed in Brazil and the US.


Sabesp is one of the world’s biggest firms in the sector, providing potable water to 28.7mn people and sewage services to 25.5mn.


Via BNamericas.


Read full article



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Newsletter: Mercado de Capitais – Edição 09
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


NEWSLETTERS 20 . Dezembro . 2023










O impacto da presença de influenciadores digitais no mercado financeiro, que será analisado pela CVM por meio de consulta pública, é um dos destaques desta edição, na seção Companhias Abertas. As novidades em Ofertas Públicas e Fundos de Investimento incluem o início do processo de consulta para revisão das normas aplicáveis a ofertas públicas de aquisição; e a divulgação das orientações sobre o preenchimento de informação de cotistas no Banco Central.


Confira o conteúdo desta edição:COMPANHIAS ABERTAS


    

  • Consulta da CVM analisa impacto da presença de influenciadores digitais no mercado financeiro
    • 

  • Nova norma da CVM altera regra envolvendo companhias securitizadoras
    • 



OFERTAS PÚBLICA


    

  • CVM inicia processo de consulta para revisão das normas aplicáveis a ofertas públicas de aquisição
    • 

  • CVM promove alterações pontuais nas Resoluções 141 e 151
    • 



FUNDOS DE INVESTIMENTO


    

  • Área técnica da CVM divulga orientação sobre preenchimento de informação de cotistas no Banco Central
    • 



Via Veirano Advogados








Confira a edição completa de dezembro de 2023.









			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Legal Insights From Brazil to Start Your Week
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
What you will be reading in this issue:

________________________________________

1. Governance | 5 Key Agenda for Medium and Large Brazilian Companies in 2024

2. Labor | 5 Actions to Mitigate the Risk of Psychologial Diseases Being Recognized as Occupational Ones


Governance | 5 Key Agenda for Medium and Large Brazilian Companies in 2024


Brazilian companies that we have seen grow, innovate and generate value in different segments of Brazilian economy have in common strategic attention to medium and long-term funding, governance, talent attraction and M&A opportunities.


The factor below apply to companies in all major sectors in Brazil, including agribusiness, technology, manufacturing, finance, energy, and others.


Companies that want to grow in 2024 should consider the following 5 themes in their strategic plans:


    

  1.  Focus on Attracting Structured Financing in Brazilian Reais: The Brazilian capital market for fixed income credit is closer than ever to medium and large companies, but still few are aware of the importance to create relationships with local financial institutions, funds, family offices and other medium and long-term capital financiers.
    2. 



Even so, agribusiness companies issued more than BRL100 billion in Agribusiness Receivables Certificates (CRA) so far in 2023, acquired by funds, family offices and other investors, to raise medium to long-term resources (5 to 10 years).


Likewise, companies in the real estate sector issued Certificates of Real Estate Receivables (CRI) in high volumes to finance projects and costs of projects already built, with terms of 5 to 10 years.


Commercial Notes and Debentures are also medium and long-term funding options for companies.


    

  1.  Look at Obtaining Foreign Funding From Foreign Banks and Funds: Brazil’s participation is still irrelevant in international trade, with a share of close to 2% of global trade volume.
    2. 



Even so, agricultural, industrial and technology companies export commodities, value-added products and services that generate receivables in dollars and other hard currencies that can be financed by foreign funding.


There are several foreign financial institutions, trading companies, funds, family offices and investors that finance exports of Brazilian companies, via export prepayment lines, direct loans, draft (international duplicate discount), among others, in a volume that exceeds US$50 billion annually.


Companies should seek these financing channels as another funding alternative, especially in hard currency.


Via Feijó Lopes Advogados


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Think Climate Risks Aaren’t Your Problem? Think Again
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The companies that will thrive in the face of rapid climate change are those that make adapting to it a top priority, says PwC’s Ashok Varma.


Not long ago, I participated in a PwC climate-action roundtable in Mumbai. One of the attendees, an executive from a hospital group, made an observation that grabbed my attention: the seasonal changes being caused by global warming, he said, were affecting the patterns and frequency of vector-borne diseases. His hospitals were increasingly having capacity issues, with sick patients coming in earlier and later in the year than before, straining hospital resources, from beds to diagnostic facilities.


By Ashok Varma via PwC


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
A Era da Reinvenção | Mineração 2023 – 20ª Edição
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A Era da Reinvenção


Mineração 2023 – 20ª Edição


As grandes mineradoras do mundo precisam encontrar uma nova fórmula para o sucesso. A era dos minerais críticos chegou e representa a mudança mais importante que a indústria já viu em décadas. As empresas de mineração não podem mais depender de portfólios e práticas do passado para criar valor nesse novo cenário dinâmico e extremamente competitivo. A era dos minerais críticos deve ser uma era de reinvenção.


As mineradoras precisam lidar com um importante novo player que surgiu no mercado de minerais críticos: o governo. Diante do rápido crescimento da demanda e da concentração da cadeia de suprimentos em níveis preocupantes, os governos formaram alianças, instituíram novas políticas e mobilizaram fundos para garantir o acesso a minerais críticos. Esses movimentos mudarão o negócio de mineração. A entrada de fundos públicos, por exemplo, deve levar as mineradoras a repensar as taxas de retorno que podem esperar da mineração ou dos ativos da cadeia de suprimentos. As mineradoras também precisarão lidar com um risco maior de investir e o aumento da concorrência, uma vez que os governos interferem no cenário com incentivos e intervenções.


Via PwC Brasil


Ler artigo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Amazon set to launch credit card in Brazil with Bradesco
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Amazon.com (AMZN.O) will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA (BBDC4.SA), the bank’s chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering.


The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card’s credit risk, and the card will be powered by Mastercard (MA.N).


Reporting by Alberto Alerigi Jr., Additional reporting by Isabel Woodford, Writing by Carolina Pulice, Editing by Sandra Maler via Reuters.


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Novas Perspectivas | Os desafios e as Estratégias para Destravar Valor de Empresas
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Governança de Empresas em Tempos de Crise (Os desafios e as Estratégias para Destravar Valor de Empresas)


Quarta-feira, 9 de agosto, 2023 9:00 AM BRT


Programação:


09:00 – 09:20 – Abertura/Pesquisa Inicial – Kieran McManus

09:20 – 10:00 – Apresentação – Valeska Vieira e Lucas Dourado

10:00 – 10:20 – Entrevista – Leonardo Scarioli

10:20 – 10:50 – Entrevista – Tatiana Guerra

10:50 – 11:00 – Q&A




PALESTRANTES:




 


INSCREVA-SE AQUI


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Central Bank Kicks off Rate Cuts More Aggressively than Expected
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil’s central bank kicked off its rate-cutting cycle more aggressively than expected on Wednesday, reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook.


The bank’s rate-setting committee Copom cut its Selic policy rate to 13.25%, as just 10 of 46 economists surveyed by Reuters had anticipated. The rest expected a smaller reduction of 25 basis points.


Brazil’s first rate cut in three years came after policymakers held borrowing costs steady since September 2022, following 1,175 basis points of rate hikes to battle inflation, the world’s most aggressive monetary tightening at the time.


Reporting by Peter Frontini Additional reporting by Marcela Ayres and Carolina Pulice Editing by Brad Haynes and Diane Craft via Reuters


Learn more

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Lowering Cost While Maintaining an Effective Global Transparency Program
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Utilizing technology for transparency reporting can be a win-win on value and efficiency for any organization


More forward-thinking organizations are taking advantage of innovative technology as transparency requirements continue to grow.


In Part 2 of our “Reimagine Risk and Unlock Opportunities” series, Tiffany Gallagher, Health Industries Risk and Regulatory Leader, PwC US, and Tim Canonico, Principal, Pharmaceutical and Life Sciences, PwC US, analyze the growth of transparency programs and the opportunities that organizations can focus on to succeed.


The goal of global transparency requirements is to encourage the right interactions with Healthcare Professionals and help Pharmaceutical and Life Sciences companies build more trust and transparency in healthcare for society. This landscape is continuing to rapidly evolve as voluntary requirements are being codified into law and other requirements expand to demand more transparency from more organizations.


Via PwC 


Learn more

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BTG Pactual Remains Undefeated in Brazil Sales
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The domestic bank also leads II’s All-Brazil Trading Team.


The firm has been voted No.1 for the fifth year in a row in Institutional Investor’s annual All-Brazil Sales Team. Based on the votes of 367 buy-side money managers at 239 firms with significant holdings in the country, BTG Pactual extended its reign to half a decade — even as the ranking saw a shakeup further down the leaderboard among domestic and global firms alike.


Itau BBA rose from last year’s fourth place to take second, while last year’s runner-up, Bradesco BBI, dropped one spot to third. Credit Suisse improved one spot to take fourth, while JPMorgan Chase — in a steep rise from 2022’s ninth place — rounded out the top five. In line with other II surveys, votes were weighted based on respondents’ commission spending in the region. An additional AUM-weighted leaderboard was also produced which mirrored the commission-based results.


The volatility in this year’s results was reflective of the tumultuous year investors experienced in Brazil, due to an election cycle in late 2022 and depressed market activity.


“Clients were a bit lost at the start of the year, given the change of government and the outlook ahead. People lost a lot of money betting on a more centric-approach government, and the reality was a bit different,” said Thiago Faganello, head of Brazil sales and partner at BTG Pactual. “But things changed recently and quickly, so tons of opportunities showed up and clients are now trying to stock pick the best names for this new cycle.”


By Alexandra DeLuca via Institutional Investor


Learn more

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Fitch Eleva Nota de Crédito Soberano do Brasil e Cita Melhora Fiscal
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Upgrade da classificação de risco do país de BB- para BB, com perspectiva estável, deve acelerar ingresso de capital estrangeiro no mercado doméstico.


Em relatório, a agência cita uma melhora do desempenho macroeconômico e fiscal “em meio a sucessivos choques nos últimos anos, políticas proativas e reformas”. A expectativa da Fitch é de que o novo governo trabalhará para melhorias adicionais.


A notícia pode afetar os ativos brasileiros nesta quarta, incluindo as ações do Ibovespa. Nos minutos após a divulgação do relatório, os juros futuros estenderam o movimento de baixa dos últimos dias. As taxas mais longas tinham as quedas mais pronunciadas. O dólar operava estável.


Apesar da elevação, a nota “BB” ainda está na categoria classificada como “grau especulativo”, abaixo do selo conhecido como “investment grade”, que o Brasil perdeu da Fitch em dezembro de 2015.


Por Mariana d’Ávila via Bloomberg Línea


Leia o artigo na íntegra

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UBS Names New Leadership Team for Brazil, Latin America
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
UBS Group AG named Sylvia Coutinho Brazil country head and the regional leader for Latin America businesses as the Swiss bank integrates teams from its acquisition of Credit Suisse Group AG.


Marcello Chilov, Credit Suisse’s former chief executive officer in Brazil and head of wealth management for Latin America, will run UBS global wealth management in Latin America, according to an internal memo seen by Bloomberg News. The changes take effect July 17.


Coutinho has been at UBS for more than 10 years, and was UBS’s Brazil country head prior to the merger. She was also head of wealth management for Latin America. In her new role, she will focus on leading integration efforts as well as overseeing regulatory, governance and collaboration between businesses for the region. She will report to Naureen Hassan, president of UBS Americas.


By Cristiane Lucchesi via Yahoo!Finance


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Data Protection Agency (ANPD) Issues its First Sanction Against a Non-Compliant Company
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
On July 6, 2023, the first sanction imposed by the Brazilian Data Protection Agency (“ANPD”) against a company (controller) in Brazil was published in the official gazette. The ANPD is the agency charged with enforcing Brazil’s General Data Protection Law (“LGPD”).


The publication does not provide the details about the results of the investigation conducted by the ANPD against a company, but the sanctions provide a glimpse of the underlying circumstances.


The sanctions included:


    

  1. A Warning, without the imposition of corrective measures, for violation of article 41 of the LGPD (appointment of a Data privacy Officer (DPO);
    2. 

  2. A “Simple Fine” of R$ 7,200 (~$1,480 USD) for violation of article 7 of the LGPD (legal basis for processing personal data);
    3. 

  3. A Simple Fine of R$7,200 (~$1,480 USD) for violation of article 5 of the Auditing Regulations (obligation of controller/processor to cooperate with the ANPD).
    4. 



By Renata Neeser via Littler


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Wilson, do Morgan Stanley, alerta ao que será crucial olhar em balanços do 2º tri
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
A nova temporada de balanços corporativos referentes ao segundo trimestre não deve impulsionar ganhos adicionais no mercado acionário dos Estados Unidos. A avaliação de Michael Wilson, estrategista-chefe para ações e CIO (executivo-chefe de investimentos) do Morgan Stanley (MS) e considerado uma das vozes mais pessimistas de Wall Street, ampliando o consenso em torno dessa percepção já evocada por outros de seus pares.


Segundo o estrategista, desta vez os guidances (projeções) a serem anunciados pelas empresas serão mais importantes do que o normal para o movimento das bolsas, tendo em vista os elevados valuations das ações, as taxas de juros mais altas da liquidez cada vez menor.


“Com o início da temporada de balanços corporativos do segundo trimestre nesta semana, resultados melhores do que o previsto provavelmente não serão mais ‘suficientes’ para disparar novos ganhos em Wall Street”, escreveu em relatório nesta segunda-feira (10).


By Sagarika Jaisinghani via Bloomberg Línea


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global public debt hits record $92 trillion – UN report
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, a United Nations report said.


Domestic and external debt worldwide has increased more than five times in the last two decades, outstripping the rate of economic growth, with gross domestic product only tripling since 2002, according to the Wednesday report, released in the run up to a G20 finance ministers and central bank governors’ meeting July 14-18.


Developing countries owe almost 30% of the global public debt, of which 70% is represented by China, India and Brazil. Fifty-nine developing countries face a debt-to-GDP ratio above 60% – a threshold indicating high levels of debt.


By Jorgelina Do Rosario via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
M&A Brasil – Janeiro – Junho 2023
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
661 transações anunciadas no Brasil de Janeiro a Junho de 2023, com queda de 11,8% em relação ao mesmo período do ano anterior, quando foram registradas 750 transações. Análises mensais e de LTM (LTM refletindo queda de 5,8%) demonstram curva em recuperação e perspectiva de manutenção do mesmo nível de atividade (1.600 transações) registrado no ano de 2022.


Setor de Tecnologia lidera volume de operações com 17,5% das transações, seguido de Instituições e Serviços Financeiros com 14,8%. Setor de Saúde representou 6,1%, seguido pelos Setores de Produtos de Consumo, Energia e Logística, que representaram, cada um, 4,5% das transações anunciadas. Agronegócios vem aumentando sua relevância, passando de históricos 1,5% para 3,8% das operações anunciadas. Setor de Varejo, enfrentando desafios e que já se destacou em relevância de operações, representou 4,8% das operações.


By


Alexandre Pierantoni

Managing Director

Head of Brazil Corporate Finance

São Paulo

+55 11 3192 8103

+55 11 9 5500 8151

alexandre.pierantoni@kroll.com


And


José Thompson

Director

Corporate Finance

São Paulo

+55 11 3192 8108

jose.thompson@kroll.com


Via Kroll


Learn more

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Habilidades em Primeiro Lugar
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Uma abordagem que priorize as habilidades poderia ajudar 100 milhões de pessoas em todo o mundo a se integrar à força de trabalho ou conseguir empregos melhores.


A PwC está colaborando com o Fórum Econômico Mundial para ajudar a impulsionar a transição para mercados de trabalho que priorizem as habilidades.


Esse movimento poderia abrir o mercado de trabalho para 100 milhões de pessoas em todo o mundo, trazendo benefícios não apenas para empresas e indivíduos, mas também para a sociedade em geral e para a economia.


Nosso relatório conjunto, “Habilidades em primeiro lugar: um framework para ação”, apresenta um framework consistente sobre o assunto para CEOs e governos e demonstra como algumas organizações já estão se beneficiando de uma cultura que prioriza as habilidades.


Via PwC


Saiba mais

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Gears Up To Become Fourth Largest Oil Producer
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water pre-salt discovery in 2006. The boom nearly collapsed as corruption, mismanagement and malfeasance saw national oil company Petrobras laden with so much debt it was almost forced to declare bankruptcy. Since then, industry reforms and rationalization coupled with higher oil prices had reinvigorated the massive fossil fuel boom underway in Brazil, although it nearly faltered for a brief moment when left-wing President Luiz Inácio Lula da Silva assumed power. There are indications that Brazil, regardless of the naysayers, is on track to become the world’s fourth-largest oil producer, which will be a tremendous boon for the economy.


Data from Brazil’s hydrocarbon regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP – Portuguese initials), shows that for April 2023, the country pumped an average of 3.1 million barrels of oil per day. That number is almost 1% higher than a month earlier and 5% greater year over year. Total hydrocarbon output for April 2023 amounted to just over 4 million barrels of oil equivalent per day which was 1.1% higher month over month and 4.4% greater than a year earlier. Those numbers represent a modest recovery after a March 2023 slump because of rising industry concerns that Lula will take a more interventionist approach to Brazil’s oil industry. That growth indicates Brazil possesses the potential to become the world’s largest oil producer, especially when it is anticipated the country 2023 will add 300,000 barrels per day, taking production to 3.4 million barrels daily by the end of the year.


By Matthew Smith via Yahoo!Finance


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
New rules aim to clamp down on corporate greenwashing
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing.


The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and governance credentials.


It would be up to individual countries to decide whether to require listed companies to apply the standards, ISSB Chair Emmanuel Faber said, adding the standards can be used for annual reports for 2024 onwards.


By Huw Jones and Simon Jessop via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Florida Becomes New Battleground for Brazilian Banks Chasing High-End Clients
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The dispute among Brazil’s largest banks for high-income clients and the private segment has crossed borders and is becoming fierce in the US state of Florida as, in the last few months, the offensive has escalated to hiring new executives, opening new operations and aggressive investment in marketing.


The background is the growing presence of high-income Brazilians who visit. invest in or live in the United States, mainly in the so-called Sunshine State.


The services offered by Brazilian banks in the state include real estate financing, investments, international transfers, and even help with immigration planning.


By Sérgio Ripardo via Bloomberg Línea


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Equinor aims to boost Brazil oil output over next decade
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Equinor (EQNR.OL) plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday.


The company aims to boost output to more than 500,000 barrels of oil equivalent per day (boed) by 2033 from current output of nearly 90,000 boed, Equinor Brazil vice president Lars Jetlund Hansen said at an energy event in Rio de Janeiro.


“We have great momentum to grow more in Brazil in both oil and gas and renewables,” Jetlund Hansen said.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
What Will Working with AI Really Require?
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Despite concerns about machines replacing human workers, research challenges the overhyped claims of ascendant AI. In most knowledge-intensive tasks, workers will more likely find themselves augmented in partnership with machines than automated out of a job. Humans and machines will simultaneously collaborate and compete with one another, like a track team competing in various events. In some events, like the 100-yard dash, teammates compete against each other, but in others, such as the relay race, they work together towards a common goal.


In such a relationship, humans and AI systems both need distinct competitive and cooperative skills. Competitive skills refer to the unique advantages that either humans or AI possess over the other, while cooperative skills enhance the ability of humans and AI to work together effectively. To foster a symbiotic relationship between humans and AI, organizations must find the appropriate balance between investing in human skills and technological capabilities — and think strategically about how they attract and retain talent.


By Mohammad Hossein Jarrahi, Kelly Monahan, and Paul Leonardi via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Appetite grows for mergers and acquisitions in Latin America: study
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Latin America is increasingly seen as an attractive market for mergers and acquisitions (M&A), with the ongoing U.S.-China trade spat helping to whet investor appetite for opportunities in the region, a KPMG survey of executives showed on Monday.


The survey of nearly 400 executives across 14 countries globally showed technology, financial services and energy sectors leading the way and Mexico overtaking regional heavyweight Brazil for the top spot in M&A activity.


“Opportunities already outweigh challenges,” said Gerardo Rojas, head of KPMG’s Advisory Practice in Mexico and Central America. “The risks investors see in Latin America are outweighed by the desire to get out of Asia, particularly China, due to their trade war with the United States.”


By Aida Pelaez-fernandez via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
JPMorgan Eleva Recomendação para Petrobras Devido à Redução do Risco
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Analistas do JPMorgan elevaram a recomendação para as ações da Petrobras (PETR4;PETR3) de “neutra” para “overweight”, citando redução na percepção de risco, bem como dividendos alinhados a pares globais, de acordo com relatório enviado a clientes nesta segunda-feira (12).


Eles também elevaram os preços-alvo dos papéis PN (preferenciais) e ON (ordinários), negociados na B3, de R$ 30,50 para R$ 41; e dos ADRs, recibo de ações negociados nos Estados Unidos, de US$ 11,50 para US$ 15,50.


Na última sexta-feira (9), as preferenciais da Petrobras fecharam a 30,28 reais e as ordinárias, a 33,75 reais. Nos EUA, o ADR das ONs encerrou a 13,76 dólares e o das PNs a 12,44 dólares.


By Reuters via Forbes Brasil


Read full article


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil economists cut long-term inflation expectations, unchanged for months
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian economists have reduced their long-term inflation expectations, putting an end to months of unchanged projections that the central bank had cited as a cause for concern.


According to the median forecast of a weekly central bank survey on Monday, 2025 inflation projections now stand at 3.9%, down from the previous estimate of 4.0% calculated since March 24. The expectation for 2026 has also decreased to 3.88% from the previous 4.0% forecast since March 17.


The central bank has consistently expressed concern about increased inflation expectations for long-term horizons in its justifications for the need to keep the benchmark interest rate at a 13.75% cycle-high, which has remained steady since September despite cooling inflation.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EU chief embarks on Latin America tour to boost ‘neglected’ ties
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
European Commission President Ursula von der Leyen starts a four-nation trip to Latin American on Monday to bolster political and trade ties that the European Union admits it has sometimes neglected.


Since Russia’s invasion of Ukraine, the European Union has cast around for “like-minded” partners to provide other sources of trade and critical minerals required for its green transition and help reduce its reliance on China.


Von der Leyen will meet the presidents of Brazil, Argentina, Chile and Mexico on consecutive days. Her trip follows that of German Chancellor Olaf Scholz earlier this year and comes a week before Brazilian President Luiz Inacio Lula da Silva travels to Paris.


By Philip Blenkinsop via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s May inflation seen at eight-month low, opening window for rate cuts
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazilian inflation probably declined to an eight-month low in May versus April, opening a much anticipated window for interest rate cuts in the second-half of the year, a Reuters poll of economists predicted.


On a 12-month basis, consumer price data due Wednesday are expected to show the smallest rise in more than two years, adding to evidence for the potential start of an easing cycle from a reticent central bank.


The IPCA inflation index likely increased 0.33% on the month in May, its softest reading since September 2022, and 4.04% in the 12-month gauge, the lowest since October 2020, according to median estimates of 20 analysts polled from May 31 to June 5.


By Gabriel Burin via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Por que o agro puxa PIB do Brasil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Vamos falar sobre a participação do agro no PIB (Produto Interno Bruto). O PIB do Brasil registrou alta de 1,9%, o crescimento foi alavancado pelo PIB do agro, que foi de 21,6%, o maior dos últimos 26 anos.


O crescimento no PIB calculado pelo IBGE surpreendeu a todos e ficou acima das expectativas, entretanto, deixa uma falsa sensação de que a economia no país vai bem, nada mais distante da realidade, indústria e construção apresentaram crescimento negativo, serviços cresceu 0,6%, quem puxou mesmo o PIB para o positivo foi o Agro.


Este resultado extraordinário foi alcançado pois produzimos neste ano a maior safra da nossa história com 305 milhões de toneladas, a produção de soja teve um aumento de 25% e milho de 10%, mas nem tudo são flores, para o produtor, esta foi a safra mais cara de toda nossa história. Este bom resultado deve aparecer ainda nos próximos trimestres, independente da queda abrupta que vem sofrendo o preço das commodities.


By Helen Jacintho via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
An Overview of the Employment Law Issues Posed by Generative AI in the Workplace
					

						Posted on 					

									


			

		

	



	

		

			

				
Generative AI, which is a type of artificial intelligence that can produce or create new content, has already started to impact the workplace in various ways. On the positive side, it can automate repetitive and time-consuming tasks, leading to increased efficiency and productivity. For example, it can assist with data entry, customer service, and content creation. Additionally, it can help businesses to analyze and make sense of large amounts of data, leading to better decision-making.


However, the rise of generative AI also raises concerns about its impact on labor and employment. It is predicted that many jobs that involve routine tasks, such as data entry, customer service, and content creation, could be replaced by AI systems in the future. This means that some workers may need to reskill and transition into new roles to stay relevant in the job market.


By Zoe Argento, ChatGPT, Michael Chichester, Michelle Clark, Tessa Gelbman, Philip L. Gordon, Corinn Jackson, Allan King, Miguel Lopez, Deborah Margolis, Melissa McDonagh, Michael McGuire, Ellie McPike, Marko Mrkonich, Jim Paretti, Niloy Ray, Scott Rechtschaffen, Erin Reid-Eriksen, Kellen Shearin, and Alice Wang via Littler


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Bradesco lança E-agro, marketplace para operar no setor do agronegócio
					

						Posted on 					

									


			

		

	



	

		

			

				
Banco com cerca de R$ 100 bilhões aplicados no agro entra em mais uma modalidade de comércio de produtos, um mercado estimado em R$ 185,7 bilhões para 2023


O Bradesco anunciou nesta segunda-feira (5) o lançamento do E-agro, marketplace para operar no setor do agronegócio. A plataforma é destinada à oferta de produtos e serviços financeiros e não financeiros para o produtor rural, clientes e não clientes da instituição financeira.


“O lançamento do E-agro é muito representativo. Crescemos concedendo crédito aos agricultores e temos hoje um universo potencial de mais de dois milhões de produtores rurais no Bradesco, que integram a cadeia do setor brasileiro que mais cresce”, afirma José Ramos Rocha Neto, vice-presidente do Bradesco. Com cerca de R$ 100 bilhões aplicados no setor, o Bradesco é o maior banco privado na concessão de crédito ao agronegócio. Em 2022, o Bradesco teve lucro líquido contábil de R$ 20,73 bilhões e conta com uma base da ordem de 77,1 milhões de clientes.


By Redação via Forbes


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Yellen says U.S. inflation easing as some sectors slow, labor market strong
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in bringing inflation down over the next two years with a strong labor market.


Yellen, in a CNBC interview, also said that while banks may struggle with commercial real estate and face some consolidation, there is ample liquidity in the system and banks should generally be able to withstand any strain.


Yellen said that inflation can subside while maintaining a strong labor market, with unemployment in the 4% range, up slightly from the 3.7% reading in May.


By Susan Heavey and David Lawder via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Itau Unibanco in talks with Banco Macro to sell Argentina ops
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s largest private lender Itau Unibanco is in talks with Banco Macro SA to sell its operations in Argentina, the lender said on Tuesday, a move that comes as the neighboring country grapples with a severe economic crisis.


Itau disclosed the “preliminary talks” in a securities filing, touting Macro as “one of the main private banks in Argentina with an extensive network of branches,” but noted that no binding agreement had been reached so far.


Itau’s operations in Argentina are moderately sized in terms of personnel and branches, but its loan portfolio in the country is relatively small when compared with other markets such as Chile and Colombia.


By Reuters Staff  via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
JPMorgan flags some signs of emerging de-dollarisation
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future.


The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a fresh push by the “BRICS” nations, Brazil, Russia, India, China and South Africa, to challenge the dollar’s hegemony.


JPMorgan strategists Meera Chandan and Octavia Popescu said that while overall dollar usage is within its historical range and the greenback remains at the top of the pack, a closer look shows a more bifurcated picture.


By Marc Jones via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil posts record trade surplus in May on surging exports
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday.


The figure also came above the $9 billion surplus expected in a Reuters poll with economists, backed by a surge in the volume of exports that more than offset price drops.


According to the Ministry of Development, Industry, Trade and Services, Brazilian exports totaled $33.1 billion in May, up 11.6% from the same month in 2022, to the highest value ever recorded in the entire series.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CEOs Are Predicting a Mild Recession in the U.S.
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A recent survey of CEOs suggests that most expect a recession in the U.S. but that it will be “short and shallow.” For that reason, many aren’t anticipating layoffs and some are even still hiring. It points toward a continuation of the current tight labor market, even as the economy cools in response to the Federal Reserve’s interest rate hikes and the ongoing banking turmoil.


CEOs continue to send the same message about the U.S. economy: A recession is looming but persistent strength in the labor market will endure. Typically, corporate executives would be focused on cutting costs and jobs amid such uncertain times, but they instead anticipate the job market will stay competitive. The seeming cognitive dissonance underlies the complexity of an economy that has suffered serial shocks in recent years — from the pandemic to inflation to rapid interest rate hikes to a mini banking crisis — but which nonetheless continues to exude signs of resilience. 


by Dana Peterson via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
What Does the End of Title 42 and I-9 Flexibility Mean for Employers?
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
U.S. immigration policy and the Biden administration’s response to the ongoing migration crisis have been hot topics in the news. We break down potential considerations for employers as the pandemic-era immigration policy ends and border crossings from individuals without documentation in search of asylum are expected to rise sharply.


On Thursday, May 11, the Biden administration dealt with Title 42 expiration. Title 42 is the name of an emergency health authority that began in March 2020 under the Trump administration. As part of COVID-19 restrictions on asylum seekers in the interest in public health, Title 42 allowed border authorities to send back individuals attempting to cross the U.S.-Mexico border quickly. Because the Biden administration announced in January that it would end the national COVID-19 emergencies, the border restrictions were affected.


The expiration of Title 42 will allow undocumented individuals crossing the border to seek asylum, rather than being turned back. However, the route to seeking asylum is a tenuous and lengthy process that first involves passing a “credible fear screening” by asylum officers to determine whether the individual has a legitimate fear of persecution in their home country. If they meet the screening criteria, their case is introduced into the immigration court system to determine if they can stay in the United States.


By Jorge Lopez and Elizabeth Whiting via Littler


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
World food prices fall to two-year low in May, UN food agency says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The United Nations food agency’s world price index fell in May to its lowest in two years, as a slump in prices of vegetable oils, cereals and dairy outweighed increases for sugar and meat.


The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged 124.3 points in May against a revised 127.7 for the previous month, the agency said on Friday. The April reading was originally given as 127.2.


The May score marked the lowest since April 2021 and meant the index was now 22% below an all-time peak reached in March 2022 following the start of Russia’s invasion of Ukraine.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Explainer: Can a New York state law solve an emerging markets debt crisis?
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law – and Wall Street is watching.


Senate Bill S4747, the NY Taxpayer and International Debt Crises Protection Act, “relates to New York state’s support of international debt relief initiatives for certain developing countries.”


The bill includes limits to state investments into foreign entities and would include private creditors in “burden-sharing standards” in which they would take the same losses – or “haircuts” – that the United States government would as a sovereign creditor when a low-income country in distress qualifies for debt relief.


The limit of this definition is a point of contention between the advocates of the bill and its detractors.


By Rodrigo Campos and Jorgelina Do Rosario via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Delta Resumes Twice Daily Flights From Atlanta To Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Great news is here for Atlanta residents! Delta Air Lines has announced the reinstatement of its twice-daily service between Atlanta and São Paulo, effective from May 25. Previously discontinued, this route will now be served by a combination of Airbus A330-300 and Boeing 767-300(ER) aircraft.


Delta temporarily reduced the frequency of flights between the two cities during the low season in late March. The resumption of this service aims to offer travelers seeking connections between the United States and Brazil enhanced travel options.


In addition, New Yorkers will soon be able to fly nonstop to another Brazilian city, Rio de Janeiro, when Delta begins seasonal service between New York-JFK and Rio Galeo Airport (GIG) in Brazil on December 16. The new route will run daily on Delta’s Boeing 767-300 aircraft with Delta One, Delta Premium Select, Delta Comfort+, and Main Cabin service. The route is the third that Delta and LATAM have announced since the Joint Venture was approved in September 2022.


By Brunno Braga via Yahoo!news


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Petrobras revises strategic plan to boost low-carbon investments
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday its board of directors had approved a revision of part of its 2023-2028 strategic plan in a bid to increase investments in low-carbon initiatives.


Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that under the new plan it would target 6% to 15% of its total capital expenditure (CAPEX) for low carbon, up from 6% in the 2023-2027 strategic plan.


The move, Petrobras said, is aimed at preparing the company for the energy transition, “reconciling the current focus on oil and gas with the search for diversification of our portfolio in low carbon businesses.”


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
New Era for Permanent Employment Certifications (PERM)
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In April 2023, the long-anticipated new and modernized PERM Form 9089 was introduced to the public by the U.S. Department of Labor, Foreign Labor Certification (FLC) unit. The PERM process permits an employer to hire a foreign worker to work permanently in the United States. The FLC unit held two webinars on April 19 and April 20 to provide information on the changes to the form and instructions on how to fill out the new PERM applications. The recordings of these webinars are available on the DOL’s webpage.


Petitioners and their attorneys can start filing PERM Applications using the new forms on June 1, 2023, through the Foreign Labor Application Gateway (FLAG) portal, which is also used for filing Labor Condition Applications (LCA) for H-1B petitions and wage requests for PERM, H-2A, H-2B and CW-1 petitions. The sunset date for filing PERM Applications through the legacy PERM portal system is May 31, 2023.


By Tasneem Zaman via Littler


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s economy likely surged back in Q1 powered by record crops
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that more than offset the drag of subdued manufacturing activity, a Reuters poll of economists showed.


Strong exports by commodities-producing sectors were seen adding to resilient private consumption in lifting gross domestic product (GDP), despite the negative effects of high interest rates and a worrying rise in government debt.


GDP is forecast to increase 1.3% in January-March over the fourth quarter, after a 0.2% contraction in the last three months of 2022, according to the median estimate of 18 forecasts taken between May 24 and 30. The data is due on Thursday.


By Gabriel Burin via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Demographics are a headwind for emerging markets – BlackRock
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A decline in labour growth and expected fall in the working age population will be a drag on emerging economies already suffering from fading growth prospects, BlackRock’s Global Head of Emerging Markets Amer Bisat told Reuters.


Global population growth over the past five decades fuelled a surge in labour and a rapid increase in gross domestic product in many emerging economies but Bisat said demographics were no longer a boon for the countries.


The changing demographics come against a backdrop of higher global interest rates and levels of debt which add to pressure on developing economies, with capital accumulation in emerging markets set to be “tough”, said Bisat, who leads a team managing approximately $35 billion at the world’s largest asset manager.


By Jorgelina Do Rosario and Karin Strohecker via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Former Minister Paulo Guedes to launch green Brazil fund
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Former Brazilian Economy Minister Paulo Guedes is preparing to launch a “green” investment fund along with prominent bankers and other members of former President Jair Bolsonaro’s government, two people familiar with the matter told Reuters.


The fund is expected to launch in July, the sources said, aiming to attract domestic and international investments in Brazil’s energy transition, natural resource preservation and industries tied to renewable energy sources.


The new government of President Luiz Inacio Lula da Silva has prioritized green economic development and stewardship of the Amazon rainforest after Bolsonaro faced global criticism for overseeing a surge in deforestation and illegal mining.


By Marcela Ayres via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
As melhores empresas para profissionais LGBTQIA+
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
No mês do orgulho LGBTI+, levantamento HRC Equidade BR certifica 57 empresas com base em políticas, compromissos públicos e ações para a inclusão


Às vésperas de junho, mês do orgulho LGBTQIA+, a HRC (Human Rights Campaign), em parceria com o Instituto Mais Diversidade e o Fórum de Empresas e Direitos LGBTI+, divulga a segunda edição do ranking Equidade BR, com as melhores empresas para profissionais LGBTQIA+ trabalharem no Brasil.


Na primeira edição, 38 empresas foram reconhecidas entre as 60 participantes. Nesta segunda edição, houve um aumento de pouco mais de 50% na participação, com 91 empresas participantes e 57 reconhecidas, que obtiveram a pontuação máxima da pesquisa.


Entre as certificadas este ano, 18% são do setor de tecnologia, 16%, de consultoria, gestão e serviços e 11%, financeiro.


By Redação via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian banks urged to crack down on meatpackers tied to deforestation
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian banks are being asked to meet minimum information requirements to help combat illegal deforestation when offering credit lines to meat processors, the Brazilian Federation of Banks (Febraban) said on Tuesday.


The group said the move is tied to rules approved by its self-regulation council to foster “sustainable finance” in Brazil, the world’s biggest beef exporter.


Banks that agree to participate in the scheme will be required to ask meat processors in the legal Amazon and Maranhao regions to implement a traceability and monitoring system that will allow them to demonstrate by December 2025 that their cattle purchases don’t come from areas of illegal deforestation.


By Paula Arend Laier via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil says UN confirmed Amazonian city of Belem as COP30 host
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s government said on Friday the United Nations has confirmed the Amazonian city of Belem as the host of the COP30 climate change summit in November 2025.


President Luiz Inacio Lula da Silva made the announcement in a video alongside his foreign relations minister and the governor of Para state, where Belem is located.


“I’m convinced it is going to be a great event,” said Lula, who had previously pledged to try to bring the U.N. climate talks to a city in the world’s largest rainforest.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s government establishes committee for sustainable sovereign bond issuance
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s government created on Wednesday an interministerial committee to develop a framework for issuing “sustainable sovereign bonds” aiming to launch a bond later this year.


These new bonds will be “instruments of public debt backed by federal government budget allocations for sustainable development,” including actions and projects related to environmental and social themes, according to the Finance Ministry.


While there is no specific date for the framework’s release, the ministry expects the process to be completed in time for sustainable bonds to be issued later this year, it said in a statement.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global debt on the rise, EM crosses $100 trillion mark – IIF
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about the financial system’s leverage, a widely tracked study showed.


The Institute of International Finance, a financial services trade group, said on Wednesday global debt rose by $8.3 trillion in the first three months of this year compared to the end of 2022 to $304.9 trillion, the highest since the first quarter of last year and second-highest quarterly reading ever.


“Global debt is now $45 trillion higher than its pre-pandemic level and is expected to continue increasing rapidly,” said the IIF in its quarterly Global Debt Monitor.


By Rodrigo Campos via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
‘Sounding the alarm’: World on track to breach a critical warming threshold in the next five years
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The world is now likely to breach a key climate threshold for the first time within the next five years, according to the World Meteorological Organization, due to a combination of heat-trapping pollution and a looming El Niño.


Global temperatures have soared in recent years as the world continues to burn planet-warming fossil fuels like coal, oil and gas. And that trend shows no sign of slowing. In its annual climate update, the WMO said that between 2023 and 2027, there is now a 66% chance that the planet’s temperature will climb above 1.5 degrees Celsius of warming above pre-industrial levels for at least one year.


As temperatures surge, there is also a 98% likelihood that at least one of the next five years – and the five-year period as a whole – will be the warmest on record for the planet, the WMO reported.


By Laura Paddison and Jessie Gretener via CNN


Read full article


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil retail sales smash market forecasts in March
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in a positive reading for the country’s broader first-quarter economic performance despite high interest rates.


Retail sales rose 0.8% in the month compared with February, data from statistics agency IBGE showed on Wednesday, largely beating consensus of a 0.8% drop in a Reuters poll of 13 economists, which had a 0.2% gain as maximum expectation.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How to Read a Business Book
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
More than 1,000 new business books are released each month in the United States alone. The good ones represent original contributions to theory and practice or provide meaningful extensions or applications of those theories and practices. The others tend to present recycled and superficial treatments of those original contributions. So how can you ensure not only that you’re reading a book that’s worth your time, but that you’re getting the most out of that time? The author presents eight ways to allocate your reading time to your greatest advantage through careful selection based on need, triaging the mode of consumption, and harvesting the takeaways for application.


Reading a business book is an exercise in efficiency, not literary aesthetics. You’re trying to maximize the return on time invested. For the executive, time allocation is as important as capital allocation. So, in approaching any business book, there are two goals: First, determining if the book can help you do your job; second, figuring out the quickest way to extract that value. In writing several business books — and reading more than I can count — I’ve found that, for books worth reading, the process consists of three steps: compression, absorption, and application.


By Timothy R. Clark via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
New fuel policy in Brazil to ease prices at the pump, space out adjustments
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced on Tuesday, ditching a more market-based policy in favor of greater flexibility to smooth price swings.


President Luiz Inacio Lula da Silva celebrated the new policy for Brazil’s millions of motorists in a post on social media later on Tuesday, declaring it “a victory for the people.”


The new pricing system scraps a so-called fuel import parity policy that more closely aligned prices at the pump with the oil market and exchange rates. Lula, as the leftist leader is known, had promised to change that to make fuel cheaper.


By Gabriel Araujo and Marta Nogueira via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
IMF backs Brazil’s fiscal reform, ‘ambitious’ green agenda
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The International Monetary Fund on Tuesday said it “strongly supports” Brazil’s efforts to improve the country’s fiscal position, while also commending the country’s “ambitious agenda” to have a sustainable, inclusive, and green economy.


“Enhancing Brazil’s fiscal framework, broadening the tax base, and tackling spending rigidities would support sustainability and credibility,” the leader of an annual mission to the country, Ana Corbacho, said in a statement after the Fund’s visit.


Brazil’s finance ministry in late March unveiled new fiscal rules to balance limits on spending growth under the administration of President Luiz Inacio Lula da Silva, who has vowed to boost social programs and public investment.


By Brendan O’Boyle and Carolina Pulice Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Strong loan book powers Banco do Brasil to quarterly profit surge
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian state-controlled lender Banco do Brasil SA (BBAS3.SA) on Monday reported a 29% leap in first-quarter net profit compared with a year ago, boosted by double-digit growth in the value of its loan book.


Banco do Brasil’s adjusted net income reached 8.55 billion reais ($1.71 billion) during the first three months of this year, while analysts polled by Refinitiv expected 8.69 billion reais.


The lender said the results were helped by the performance of its credit portfolio, “which reflects an adequate mix of risk against return.”


By Peter Frontini via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Rich world has three ways to win over global South
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Group of Seven rich countries needs a stronger pitch to non-aligned nations. A strategy based on peace, prosperity and protecting the planet could work. It would certainly be more effective than delivering lectures on democracy.


Leaders of the world’s rich democracies, who gather later this week in Hiroshima, already have a lot on their plate dealing with Russia’s invasion of Ukraine, higher inflation, and the rising challenge from China. Nevertheless Japan, which is hosting the summit, has made “outreach to the global South” one of the gathering’s two priorities along with “upholding the international order based on the rule of law”. This makes sense, partly because the topics are linked.


Many developing countries in Asia, Africa and Latin America have largely stayed on the sidelines during the Ukraine war, even if they initially condemned Russia’s invasion. They are unlikely to impose sanctions on China following an invasion of Taiwan, let alone join any military action to defend the island. But if more developing countries spoke up to condemn violations of international law, the People’s Republic might be more reluctant to contemplate aggression against Taipei.


By Hugo Dixon via Reuters


Read full article


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Yellen warns US default would threaten global economy, undermine its leadership
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership.


Yellen issued the latest in a series of increasingly stark warnings in remarks prepared for a press conference ahead of a meeting in Japan with her counterparts from the Group of Seven (G7) rich nations, as well as India, Indonesia and Brazil.


By Andrea Shalal via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Yellen highlights common goals with Brazil on climate, development
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
U.S. Treasury Secretary Janet Yellen highlighted the fight against climate change and other goals shared by the United States and Brazil, in a meeting with Brazilian Finance Minister Fernando Haddad in Japan on Thursday.


Japan, chairing the Group of Seven advanced economies this year, invited Brazil to take part in this week’s meeting of G7 finance ministers and central bankers, along with India, Indonesia and the African Union. Brazil will lead the Group of 20 major economies next year.


Yellen welcomed Brazil’s participation, saying the U.S. and Brazil, the largest democracies in the Americas, stood united in upholding their democratic values at home and abroad.


By Andrea Shalal via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How to Disagree Productively
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Disagreements don’t have to be destructive. They can be opportunities to come up with better ideas. But handling conversations with someone with a conflicting point of view is far from easy. Three strategies, which the authors identified in their research, can help.


From whether to embrace hybrid work to whether to introduce quotas for women or minorities at various levels in the organization, executive leadership teams across different companies we advise have been talking through polarizing issues. In many of those discussions, leaders often engaged in heated arguments with one another that were not that productive. As a result, they left the meetings feeling hurt and dissatisfied.


By Hanne K. Collins, Charles A. Dorison, Francesca Gino, and Julia A. Minson via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
What the NHS is learning from Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				




Knocking on doors to check on people’s health and catch problems before they escalate is common practice across Brazil. But could that approach work in the UK?










Comfort and Nahima are on their regular beat around Churchill Gardens, a council estate in the Pimlico neighbourhood of London.










Dressed in blue fleeces with logos, they steadily climb the concrete staircases of each block on the estate.






By Naomi Grimley via BBC News


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Entenda o PL da inteligência artificial e como ele impacta as empresas
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Popularizada pelo ChatGPT, da OpenAI, a inteligência artificial tornou-se o principal tema de tecnologia dos últimos meses. Na quarta-feira, 3, o presidente do Senado, Rodrigo Pacheco apresentou um projeto de lei que regulamenta o uso da IA. De acordo com Márcio Chaves, sócio do escritório Almeida Advogados, o PL materializa a tendência mundial de regulamentação do tema inteligência artificial, “de inegável necessidade diante da ausência de regras que ajudem a mitigar os riscos tanto com o atual status da tecnologia, mas principalmente de um futuro a curto e médio prazo que temos com os avanços tecnológicos que são exponenciais.”


Ainda de acordo com Márcio, o texto tem como principal ponto positivo o estabelecimento de obrigações, que na legislação de hoje ainda são vistos mais como recomendações e boas práticas. “De seguir princípios para o uso seguro e ético da inteligência artificial, avaliando e documentando previamente ao desenvolvimento e ao uso da inteligência artificial, de agir de forma preventiva, pois o remediar pode não ser possível ou suficiente. Mas carece de adequações, como por exemplo a inclusão dentre as hipóteses de limitação da responsabilidade civil por danos causados, para desenvolvedores e utilizadores de inteligência artificial que seguirem as obrigações trazidas pela regulamentação, pois sua ausência poderá desestimular o cumprimento da lei”, conclui Marcio.


By Luiz Gustavo Pacete via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Britain to contribute to Brazil’s Amazon fund, PM Sunak says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
British Prime Minister Rishi Sunak on Friday announced his country will contribute to the Amazon Fund, a major development for Brazil as the South American nation tries to garner more donors to the initiative aimed at fighting deforestation.


Sunak’s pledge in a meeting with Brazilian President Luiz Inacio Lula da Silva at 10 Downing Street follows a similar commitment by U.S. President Joe Biden earlier this year, with them joining previous donors Norway and Germany.


“There are so many interests we have in common,” Sunak told Lula at the meeting, mentioning higher trade and the fight against climate change. “I’m delighted to announce we will be investing in your Amazon Fund and I pay tribute to your leadership in this initiative”.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How to Apologize to a Customer When Something Goes Wrong
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Businesses are bound to make mistakes and disappoint their customers. But how you build your apology message and your careful attention to executing it appropriately can make the difference between losing those customers or increasing their loyalty. When delivered well, your apology message can improve the customer relationship to the point where it is stronger than if the mistake had never happened — a phenomenon known as the service recovery paradox. In this article, the author outlines five steps for writing an effective apology message, and explains why it’s important to share the apology process internally and with external stakeholders. It not only shows vulnerability from the organization, but also shows other customers that the company can be relied upon in times of distress.


A tired employee is updating shipping orders late at night at a textbook brokerage. They make a mistake in the code and accidentally ship outdated management textbooks to an important customer. Three days later, classes have begun, and with demanding course loads, the students already feel behind. Many are seeking immediate replacements. Cue the angry phone calls and emails.


By Tim Riesterer via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Santander espera fechar R$ 2 bilhões em negócios na Agrishow
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Banco vê queda de juros ainda tímida, mas aposta em modelo de crédito com taxas pré-fixadas e consórcio


O banco Santander espera fechar negócios da ordem de R$ 2 bilhões durante a Agrishow, que acontece em Ribeirão Preto (SP), a maior feira de tecnologia para o agro do país. No ano passado, o montante foi de US$ 1,4 bilhão. “A estratégia é trazer o produtor para a tomada de crédito antes dele ir às compras”, disse o economista Ricardo França, superintendente regional de agronegócios do Santander. Em março, a carteira do banco para o setor era de R$ 40 bilhões, com meta de alcançar R$ 50 bilhões até o fim do ano.


De olho na queda da taxa de juros, ainda que tímida para o segundo semestre do ano, de acordo com França, o principal dos negócios fechados na Agrishow será garantido por uma linha de taxa pós-fixada, espelhada ao que pratica o BNDES (Banco Nacional de Desenvolvimento Econômico e Social).


By Vera Ondei via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Transição energética no Brasil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Os avanços da Conferência das Nações Unidas sobre as Mudanças Climáticas de 2022 (COP27) ainda não são suficientes para que o mundo consiga limitar o aquecimento global a apenas 1,5 °C acima dos níveis pré-industriais. Diante do grande desafio de coordenação que a agenda climática impõe, é preciso ir além e pensar nas questões relacionadas à energia em quatro dimensões (4Ds): descarbonização, descentralização, digitalização e disrupção da demanda.


Essas tendências se aceleram e ganham mais relevância a cada ano, e o Brasil tem vantagens competitivas para figurar como protagonista. No processo de transição energética, o país pode contribuir de diferentes formas, gerando valor global e localmente, se souber investir em tecnologias e infraestrutura para atender a demandas internas e internacionais.


Via PwC


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
O que é importante para os CFOs em 2023
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Seis tópicos para a agenda do líder financeiro


Apesar da imprevisibilidade dos últimos anos, pelo menos algo permaneceu inalterado: executivos, consumidores e funcionários concordam que a confiança nos negócios é imperativa. Para a maioria das empresas, no entanto, conseguir estabelecer essa relação não é tão fácil. Nossa Trust Survey 2023 revelou que lacunas de confiança, principalmente com os consumidores, continuam a atormentar muitas empresas.


Via PwC


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Embrapa devolveu à sociedade R$ 34,70 para cada R$ 1 investido em 2022
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Principal instituição pública de pesquisa de alimentos, fibras e bioenergia chegou a lucro social de R$ 125,9 bilhões no ano passado


Em 2022, a Embrapa (Empresa Brasileira de Pesquisa Agropecuária), apresentou um lucro social de R$ 125,88 bilhões, gerados a partir do impacto econômico no setor agropecuário de 172 tecnologias e 110 cultivares desenvolvidas pelas pesquisas. Para cada R$ 1 aplicado na Embrapa, no ano passado, foram devolvidos R$ 34,70 para a sociedade. Em 2021, para cada R$ 1 aplicado na instituição, foram devolvidos R$ 23,38.


Nesta quarta-feira (26), ela, a mais importante instituição pública na área de produção de alimentos, fibras e energia, completa 50 anos. O Brasil, provavelmente, não teria chegado até aqui como um dos maiores produtores de alimentos do mundo sem a Embrapa. Esse ganho é de toda a sociedade e seu lucro social dá a dimensão da sua existência. O Balanço Social publica, anualmente, os resultados da avaliação de impactos econômicos, sociais, ambientais e, no desenvolvimento institucional, de uma amostra de soluções tecnológicas. A metodologia utilizada nesses estudos é a soma dos impactos econômicos dessa amostra de tecnologias.


Via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Spain will try to persuade reluctant EU partners to approve Mercosur deal
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Spanish Prime Minister Pedro Sanchez on Wednesday said some European Union partners were reluctant to approve a trade agreement with South American bloc Mercosur, but he would try to persuade them to greenlight the deal.


The bloc comprising Argentina, Brazil, Paraguay and Uruguay Brazil is discussing concluding the agreement with the European Union after a political deal hammered out in 2019 was put on hold due to concerns, particularly in France, about Amazon deforestation and Brazil’s commitment to climate change action.


Via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
ChatGPT Can Predict Stock Market Moves? New Study Shows ChatGPT Surprisingly Accurate in Predicting Stock Moves And Could Even Replace Investment Analysts
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A new study conducted by finance professors from the University of Florida shows the potential value of ChatGPT in predicting stock market movements.


In the study, over 50,000 news headlines about companies dating back to October 2021 were fed to the chatbot, which evaluated whether the news was good, bad or irrelevant to the company’s stock prices. Using sentiment analysis, the chatbot generated a “ChatGPT score,” which was then analyzed to determine whether it was predictive of the companies’ stock market performance the following day.


The study found a significant positive correlation between the ChatGPT scores and the next-day stock performance for the analyzed companies. Companies with higher scores tended to have better returns than those with lower scores. ChatGPT outperformed traditional sentiment analysis methods that also used data from headlines and social media to predict stock movements.


By Jeannine Mancini via Yahoo! Finance


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Biden joins Trump in the 2024 race, with each making a historic bid for reelection
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
President Joe Biden launched a reelection bid like none before it on Tuesday with a call for Americans to choose him again to save democracy – less than three years after his defeat of Donald Trump was supposed to restore normality and unite the country.


Biden’s quest for a second term will unfold amid what would normally be deeply unpromising circumstances, with his approval rating languishing in the low 40s, with the country exhausted by successive crises after pandemic isolation ceded to a battle with soaring inflation. Polls show that a majority of voters – and even a majority of Democrats – don’t want him to run again. And the last thing the country appears to want is a Biden rematch with the 45th president, who’s the current frontrunner in the nascent Republican primary race.


By Stephen Collinson via CNN


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cyber Thieves Are Getting More Creative
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Cybercriminals pull off many of their crimes by combining lots of real information with just a tiny bit of misinformation, which can be financially devastating for both companies and individuals. This article describes some recent examples of this technique, which include exploiting wire transfers, stealing paychecks, and tricking employees into helping “the boss.” It’s important to continually learn about such new schemes so that you know what to look for and how to prepare your defenses. While there are things that can be done to eliminate or at least dramatically reduce such crimes, procedures and precautions need to be put in place now, not after a crime has already taken place — especially as cybercriminals themselves get more and more creative.


Misinformation is frequently mentioned in the media, usually in the context of politics and viewed synonymously with fake news. Although these are serious issues, a bigger and more personal danger is often overlooked: How cyber criminals use misinformation to steal from companies and individuals.


By Stuart Madnick via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
In meeting with big economies, Biden announces funds to fight climate change
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
President Joe Biden announced plans to increase U.S. funding to help developing countries fight climate change and curb deforestation in Brazil’s Amazon rainforest during a meeting on Thursday with leaders from the world’s largest economies.


During a virtual meeting of the Major Economies Forum on Energy and Climate, Biden urged his counterparts to be ambitious in setting goals to reduce emissions and meet a target of limiting overall global warming to 1.5 degrees Celsius.


“We’re at a moment of great peril but also great possibilities, serious possibilities. With the right commitment and follow-through from every nation … on this call, the goal of limiting warming to 1.5 degrees can stay within reach,” Biden said.


By Jeff Mason via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EU lawmakers back ban on goods linked to deforestation
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The European Parliament approved a landmark deforestation law on Wednesday to ban imports into the EU of coffee, beef, soy and other commodities if they are linked to the destruction of the world’s forests.


The law will require companies that sell goods into the European Union to produce a due diligence statement and “verifiable” information proving their goods were not grown on land deforested after 2020, or risk hefty fines.


The rules aim to eliminate deforestation from the supply chains of a range of everyday items sold in Europe. It will apply to soy, beef, palm oil, wood, cocoa, coffee, rubber, charcoal, and derived products including leather, chocolate and furniture.


By Kate Abnett via Reuters


 Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Arcabouço fiscal: entenda os principais pontos do texto divulgado pelo governo
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O Ministério da Fazenda divulgou nesta terça-feira, 18, o texto final do novo arcabouço fiscal, proposto pelo governo do presidente Luiz Inácio Lula da Silva (PR). O projeto apresenta um conjunto de regras e parâmetros para o controle das contas públicas. A expectativa é que o texto seja protocolado no Congresso Nacional ainda hoje.


A nova regra fiscal substituirá o teto de gastos implementado no governo do ex-presidente Michel Temer (MDB), em 2016, e que limitava o crescimento das despesas ao ano anterior, corrigido pela inflação.


Entenda os principais pontos da nova âncora fiscal apresentada pelo governo:


By Izael Pereira via Exame


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
3 New U.S. Employment Regulations That Companies Should Prepare for Now
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In 2023, company leaders will have to address new regulations and laws in three areas — noncompete clauses, pay transparency, and human capital disclosures — that have far-reaching implications that company leaders may not have fully grasped. How these changes will play out is far from clear, but the time to start thinking about them is now. The author presents several ways to view the coming changes as an opportunity to think deeply about their talent strategy and turn these regulatory developments to their advantage.


While layoffs in Silicon Valley and elsewhere dominate headlines, the reality is that many companies today still find themselves in a fierce war for talent. A spate of new laws and regulations — many of which are intended to make the workplace fairer for employees — may make the situation even more challenging for employers.


By Charles G. Tharp via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
OPEC+ cuts risk oil supply deficit, threaten economic recovery -IEA
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency (IEA) said on Friday.


OPEC+ and the IEA have jousted in recent months over their outlooks for global oil supply and demand.


Consumer countries represented by the IEA have argued that tightening supplies drive up prices and could threaten a recession, while OPEC+ blames Western monetary policy for market volatility and inflation which undercuts the value of its oil.


By Noah Browning via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil treasury says foreign investors pouring back into public debt
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Foreign investors are returning in numbers to Brazil’s public debt market, Treasury Secretary Rogerio Ceron told Reuters, just after local financial assets rallied since the government proposed new fiscal rules two weeks ago.


In a late Tuesday interview, Ceron said the government expects to double the foreign share of domestic public debt to around 20% by 2026. He cited demand at four times last week’s offering of a $2.25 billion sovereign bond issue, Brazil’s first since 2021, as evidence of renewed foreign interest.


“The external issuance proves this clearly. We feel the presence of non-residents more strongly in our auctions,” he said


By Marcela Ayres and Bernardo Caram via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
2023 Brazil Summit: Líderes discutem o futuro da energia no Brasil e no mundo
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O Brazil Summit é um evento anual que tem sido organizado pela Câmara de Comércio Brasil-Estados Unidos há mais de 20 anos. O programa é especialmente relevante para a comunidade empresarial de Nova York, já que permite que eles conheçam as questões econômicas e políticas mais importantes do Brasil, apresentadas por seus principais representantes.


A edição de 2023 do Brazil Summit promete ser ainda mais especial, reunindo líderes e especialistas dos setores de petróleo e gás, energias renováveis, jurídico e financeiro para discutir desafios e apresentar propostas sobre as perspectivas do Brasil. O evento também contará com discussões importantes, oferecendo insights críticos sobre as perspectivas econômicas, políticas e de investimento do país.


Via Bloomberg Línea


Read full article


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mulheres geram menos risco e maior retorno nos investimentos
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Embora estudos mostrem que investidoras têm desempenho mais consistente ao investir, elas são só 16,2% dos investidores de venture capital


Quando as mulheres fazem parte das decisões financeiras de seus lares, empresas, fundos de investimento ou governos, o dinheiro é administrado de forma mais eficaz e eficiente. Os investimentos geridos por mulheres têm uma taxa de retorno mais elevada.


Investir não é um jogo no qual uma pessoa perde e outra ganha. Ao expandir quem está envolvido nas decisões e, quem está inovando, cria mais empregos, aumenta a competitividade e faz crescer a economia.


By Geri Stengel via Brasil Forbes


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
A credibilidade dos créditos de carbono em xeque
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Inconsistências na fiscalização e na metodologia podem levar à geração de “créditos podres”, um dos grandes desafios do mercado


Desde o início de uma discussão mais contundente sobre a importância de as empresas adotarem medidas rumo à descarbonização, o mercado de créditos de carbono tem crescido exponencialmente. Essa medida começou a ganhar corpo desde a assinatura do Acordo de Paris, tratado internacional sobre mudanças climáticas, adotado em 2015, que prevê a redução das emissões de gases de efeito estufa limitando o aumento da temperatura global a níveis bem abaixo de 2 graus celsius em relação aos níveis pré-industriais. Além disso, foi potencializada recentemente com a pandemia da covid-19 que trouxe à tona a importância crucial de implementação de ações mais objetivas sobre o desenvolvimento sustentável.


Complementarmente às ações e aos esforços para reduções de emissões de gases de efeito estufa, o mecanismo de créditos é considerado parte fundamental na jornada de descarbonização que o mundo tanto almeja. Nesse cenário, o Brasil tem um papel de protagonista.


By Nelmara Arbex e Felipe Salgado via Exame


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Quais profissões serão substituídas pela IA? Veja as áreas
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Desde o lançamento do ChatGPT, da Open AI, e do Bard, do Google, as discussões sobre se as IAs (inteligências artificiais) substituirão os humanos aumentaram e estudos mostram que alguns empregos – surpreendentemente, alguns tradicionalmente ocupados por executivos – podem ser fortemente impactados.


Quais serão as profissões mais impactadas pelas IAs

1. Finanças e bancos

2. Mídia e marketing

3. Serviços jurídicos


Os empregos que serão menos impactados pelas IAs

1. Trabalhadores de manufaturas e fábricas

2. Agricultores

3. Profissionais da saúde


By Arianna Johnson via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Latin American Countries Will Grow Less Than Expected: World Bank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Latin America and the Caribbean will experience only modest growth this year as the region’s economies suffer from high interest rates and falling commodity prices, the World Bank said in a report released Tuesday.


The Washington-based organization projects that the regional economy as a whole will expand 1.4% through December, lagging all other regions. It had projected 1.6% growth for this year, but consensus growth forecasts in Chile, Argentina and Colombia have worsened since the bank’s last report in October 2022. Activity is seen expanding 2.4% in each of the following two years.


“The forecasts going forward predict the same lackluster pace of the past two decades, which remains insufficient to reduce poverty, promote inclusion, and defuse social tensions,” bank analysts wrote. Fiscal imbalances remain high and will erode the equivalent of 2.7% of regional growth this year, while debt levels are seen at 64.7%, they said.


By Maria Eloisa Capurro via Bloomberg Línea


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cinquenta anos depois, celular se mantém como hub de utilidades
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Em 3 de abril de 1973, Martin Cooper, atualmente com 94 anos, inventou aquele que é considerado o primeiro celular: Motorola_DynaTC8000X. À época, o executivo liderava a equipe de designers e engenheiros da Motorola. Das diversas entrevistas que deu sobre o tema, Martin ressaltou que o celular surgiu da necessidade de que existisse um aparelho que as pessoas pudessem utilizar em qualquer lugar. Em 2007, 34 anos depois, uma nova revolução surgiria dentre esses equipamentos com a apresentação do iPhone ao mundo.


Ao relembrar os 50 anos do celular, fica um questionamento: até quando o principal meio de comunicação da humanidade seguirá tão relevante? De acordo com a Comscore, somente o Brasil possui 121 milhões de usuários de smartphones, o equivalente a 93% da população. “Eles estão gastando mais tempo em seus dispositivos, com um aumento de 3% no tempo gasto em aplicativos móveis em relação ao primeiro trimestre de 2022; maioritariamente nas redes sociais e serviços”, explica Alejandro Fosk, vice-presidente da Comscore para América Latina.


By Luiz Gustavo Pacete via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s BTG Pactual launches own dollar-backed stablecoin
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s BTG Pactual said on Tuesday it will launch a stablecoin priced in U.S. dollars at a parity of one to one, as it seeks to position itself in the digital assets market.


The stablecoin, called BTG Dol, will be available on Mynt, the bank’s crypto-asset platform, and through BTG Pactual’s own investment system.


A stablecoin is a type of cryptocurrency that is pegged to a stable asset as a way to reduce volatility.


By Paula Arend Laier and Paul Simao via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UBS Becomes LatAm’s Top Wealth Manager with Acquisition of Credit Suisse
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
UBS Group AG (UBS) will leapfrog JPMorgan Chase & Co. (JPS) to become Latin America’s biggest wealth manager through its acquisition of Credit Suisse Group AG.


With about $150 billion in wealth under management from clients from the region, UBS will take the top spot after adding Credit Suisse’s $80 billion total. according to people familiar with the matter. who asked not to be identified discussing non-public data. JPMorgan manages about $180 billion. ltau Unibanco Holding SA (ITUB4) will keep its No. 3 position. with $140 billion in assets.


Credit Suisse has a larger presence than UBS in Brazil’s local private-banking market, including loans to wealthy Brazilians, while UBS has a multifamily-office model. UBS has booking centers in the US, including in cities preferred by Latin American clients. including Miami, New York and Houston – a presence Credit Suisse lacks.


By Cristiane Lucchesi via Bloomberg Línea


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brasil fica em 7º em ranking de investimentos estrangeiros
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O Brasil é o sétimo destino mais procurado pelos estrangeiros que querem investir em países emergentes, conforme aponta o Índice de Confiança para Investimento Direto Estrangeiro, da consultoria internacional Kearney. O País ficou atrás de China, Índia, Emirados Árabes Unidos, Catar, Tailândia e Arábia Saudita. Ao todo, o levantamento avaliou o desempenho de 25 nações.


Esta é a primeira vez, em 25 anos, que a Kearney compilou dados sobre o apetite dos investidores em relação aos mercados emergentes. Anualmente, a consultoria divulga um ranking geral de desempenho das nações mais buscadas pelos investidores estrangeiros em todo o mundo.


Conforme divulgado pela consultoria, o índice é produzido com base em uma pesquisa realizada com executivos de empresas de diversos setores econômicos, em cerca de 30 países. Para participar da pesquisa, as empresas precisam ter faturamento anual igual ou superior a US$ 500 milhões. O estudo avalia, seguindo as respostas dos executivos, quais os mercados com maior potencial para atrair investimentos nos próximos três anos.


By Estadão Conteúdo via Exame


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Employment Contracts in the Americas
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In this How to Do Business in the Americas podcast series episode, Littler Shareholders Courtney Wilson and Juan Carlos Varela discuss the practical implications of employment contracts in the Americas and their interaction with non-compete agreements and confidentiality clauses. In this podcast, Courtney gives the audience a summary of the common misconceptions employers have when structuring their employment agreements. Juan Carlos and Courtney then offer practical recommendations.


By Juan Carlos Varela and Courtney B. Wilson via Littler


Read Full Article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Arcabouço fiscal terá piso e teto para crescimento dos gastos
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Finalmente, após semanas de adiamentos, o governo apresentou a proposta do novo arcabouço fiscal, que será enviado ao Congresso na próxima semana como um projeto de Lei Complementar (LC). A proposta foi apresentada na manhã de hoje em uma entrevista coletiva concedida pelos ministros da Fazenda, Fernando Haddad, e do Planejamento, Simone Tebet, no Ministério da Fazenda. A nova regra para as contas públicas vai substituir o teto de gastos, aprovado em dezembro de 2016 e que vinha valendo desde 2017.


O teto de gastos limitava a expansão das despesas públicas ao valor do ano anterior, corrigido pelo IPCA. Agora, o novo arcabouço fiscal terá pisos e tetos para o crescimento dos gastos. As despesas poderão crescer apenas 70% do avanço das receitas. Se essa regra for descumprida, o teto cai para 50% do crescimento. O objetivo das novas regras fiscais é permitir que o governo gaste mais com saúde, educação e segurança pública e possibilitar mais investimentos públicos sem descontrolar as contas.


A nova regra estabelece uma banda de flutuação para a meta do resultado primário (diferença entre despesas e receitas sem contar os juros. Essa banda vai funcionar como a meta de inflação, com um objetivo e limites de tolerância para mais e para menos. A primeira meta é de crescimento real da despesa primária entre 0,6% e 2,5% ao ano. Caso o resultado primário do governo fique acima do teto da banda, o excedente poderá ser utilizado para investimentos.


By Cláudio Gradilone via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian National Data Protection Agency (ANPD) Discloses List of Companies Being Investigated
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In the wake of the Brazilian National Data Protection Agency (ANPD) issuing further regulations1 on the determination of penalties for violations of the Data Protection Law (LGPD),2 on March 23, 2023 the ANPD launched a new webpage with the list of companies and government agencies currently under investigation in a punitive administrative process.


The list currently includes only eight entities: one private company and seven government agencies. The list includes their names, date the investigation started, the process number, current status, and a brief description of the alleged violations. The main alleged violations include:


    

  • Not complying with an ANPD request;
    • 

  • Lack of notice of data breach incident to data subjects; and
    • 

  • Lack of security measures.
    • 



By Renata Neeser via Littler News


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brasil e China avançam em acordo para comércio sem o uso do dólar
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Os governos do Brasil e da China avançaram nas últimas semanas na negociação para que o comércio e os investimentos entre os dois países sejam feitos diretamente entre o real e o yuan (RMB) o que excluiria o dólar dos Estados Unidos como moeda de referência nas transações.


Reduzir a dependência do dólar, aumentando a circulação do yuan, é uma das linhas de atuação da política externa e financeira da China, num contexto de disputas comerciais e geopolíticas com os Estados Unidos. Recentemente, o governo do presidente Xi Jinping firmou acordos com Arábia Saudita e Rússia para o uso do yuan no comércio. O RMB tem cerca de 2% de participação nos pagamentos globais, em crescimento principalmente no entorno do gigante asiático.


No fim de janeiro, os bancos centrais dos dois países assinaram um memorando para estabelecer uma “clearing house” no Brasil. Na prática, trata-se de um banco escolhido pelo governo chinês – o ICBC – com liquidez na moeda chinesa para fazer a compensação das divisas diretamente. O empresário no Brasil receberia em yuan e faria, nesse mesmo banco, a troca pelo real.


By Estadão via Exame


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Elon Musk and several other technologists call for a pause on training of AI systems
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Companies researching AI are “locked in an out-of-control race to develop and deploy ever more powerful digital minds that no one — not even their creators — can understand, predict, or reliably control,” the letter says.


A group of technology industry executives and academics have signed an open letter calling for at least a six-month pause on large, open experiments with artificial intelligence.


Companies researching AI are “locked in an out-of-control race to develop and deploy ever more powerful digital minds that no one — not even their creators — can understand, predict, or reliably control,” the letter reads. “If such a pause cannot be enacted quickly, governments should step in and institute a moratorium.”


The letter warns of potentially apocalyptic scenarios.


By Kevin Collier via NBC News


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
80% dos empregadores brasileiros têm dificuldade de encontrar talentos
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Uma pesquisa do ManPowerGroup sobre escassez de talentos descobriu que 80% dos empregadores do Brasil encontram dificuldades para recrutar os funcionários que precisam em 2023. A taxa, que aumentou desde 2018, ficou estável em relação ao ano anterior e varia de acordo com a indústria.


Enquanto as empresas das áreas de bens de consumo e serviços e de finanças e imobiliário registraram a taxa de 82% de dificuldade de encontrar talentos, as indústrias de transporte, logística e automotiva, de serviços de comunicação e de assistência médica e ciências da vida divulgaram 81% de dificuldades para encontrar funcionários.


As habilidades mais procuradas

O estudo destacou as principais competências buscadas pelos empregadores brasileiros, com as habilidades humanas se destacando em uma era dominada pelo digital. Veja as 5 soft skills mais buscadas no Brasil:


Bia Gabriela Guido via Brasil Forbes


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BTG Pactual Bridges Business Between Brazilians And Saudis
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian investment bank BTG Pactual set up an office in Riyadh , the capital of Saudi Arabia. The biggest investment bank in Latin America is the only one from Brazil with a presence in the largest Arab country in the Gulf region. It serves the six countries of the Gulf Cooperation Council (GCC); Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain.


BTG Pactual partner and head of BTG Middle East , Mario Cavalieri, spoke about the bank’s activities in the region in a seminar at the Arab Brazilian Chamber of Commerce (ABCC) headquarters this Tuesday (28).“We set up an office in Riyadh to raise capital from [Saudi] Arabia and other GCC countries for investments in Latin America and attract Latin American investment to the Middle East,” said Cavalieri.


In addition, the bank carries out mergers and acquisitions in the region. The sectors attracting interest to Arab companies seeking to buy companies in Brazil and Latin America are animal protein, infrastructure, aviation, and hospitality , informed Cavalieri. On the other hand, the Arabs have sizeable operations in the energy sector, both in oil and gas and in renewable energies.


By Brazil-Arab News Agency (ANBA) via MENAFN


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brasil pode se tornar centro de ciência quântica aplicada ao agro
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Interessados em abrir espaço de pesquisa, por meio de laboratórios de estudo e de parcerias com instituições, o Lanaf (Laboratório Nacional de Agro-Fotônica), que pertence à Embrapa Instrumentação, unidade localizada em São Carlos (SP), reuniu na sexta (24), pela primeira vez, um grupo de pesquisadores para traçar o potencial das tecnologias quânticas no desenvolvimento do agro. As tecnologias quânticas estão presentes em diversos desenvolvimentos, como GPS, LED, câmeras digitais, computadores e laser.


“Precisamos ser o centro do mundo da ciência quântica aplicada ao agro, ter uma visão estratégica”, disse Paulo Nussenzveig, pró-reitor de pesquisa e inovação da USP (Universidade de São Paulo), durante o 1º Workshop de Tecnologias Quânticas no Agro. “Há uma nova revolução quântica em curso, que depende de um conhecimento profundo, temos uma comunidade acadêmica forte que domina esse conhecimento. É urgente um projeto de inovação a longo prazo no país”. O encontro teve por objetivo conectar universidades, instituições de pesquisa e a iniciativa privada em torno do tema.


By Redação via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
5 Ways to Boost Creativity on Your Team
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Creativity is vital for innovation, but many organizational leaders don’t know how to tap it among their employees. Instead, they shower them with meetings and whiteboard sessions that go nowhere. Instead, the authors recommend finding new ways to give your employees the time and space they need to generate new ideas. Their five strategies include generating lots of ideas (including bad ones), creating a space for failure, blocking off unscheduled calendar time, focusing on problem-finding, and delaying decisions.


For all the hype around innovation and creativity — one recent survey of 1,500 CEOs pegged creativity as the top skill for business leaders – these muscles remain some of the most underdeveloped in organizations. Even with the best innovation strategy in place, companies can’t develop new ideas and products until their teams become more creative. And the reason teams aren’t creative is because leaders have failed to understand how creativity really works.


By Jeremy Utley and Perry Klebahn via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
World Bank warns of ‘lost decade’ in global growth without bold policy shifts
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Average potential global economic growth will slump to a three-decade low of 2.2% per year through 2030, ushering in a “lost decade” for the world’s economy, unless policymakers adopt ambitious initiatives to boost labor supply, productivity and investment, the World Bank warned on Monday.


Failure to reverse the expected broad-based slowdown in potential gross domestic product (GDP) growth would have profound implications for the world’s ability to tackle climate change and reduce poverty, it said in a new report.


But concerted efforts to boost investment in sustainable sectors, cut trade costs, leverage growth in services, and expand labor force participation could boost potential GDP growth by up to 0.7 percentage point to 2.9%, the report said.


By Andrea Shalal via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Citigroup CEO declares ‘this is not a credit crisis’ after U.S. bank failures
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Citigroup Inc (C.N) CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.


“The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday.


“This is not a credit crisis. This is a situation where it’s a few banks that have some problems, and it’s better to make sure that we nip that in the bud,” she said.


By Lananh Nguyen and Saeed Azhar via Reuters


Read full article











			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil central bank holds rates, flags increased inflation expectations
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s central bank cited rising inflation expectations as it kept interest rates unchanged for the fifth consecutive policy meeting on Wednesday, drawing concern from the government and weakening bets of imminent monetary easing.


The bank’s rate-setting committee, known as Copom, maintained its Selic benchmark interest rate at 13.75%.


The decision, which defied intense pressure from the new government of President Luiz Inacio Lula da Silva to reduce borrowing costs, matched the expectations of all 30 respondents in a Reuters poll.


By Marcela Ayres via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Stocks rebound as US and UK seek to calm investors
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				




Stock markets around the world have bounced back after the US and UK governments again reassured markets about banks’ stability.










Investors have recently been unnerved by a string of bank failures.










But US stock markets were higher after Treasury Secretary Janet Yellen signalled the US government would protect people’s deposits if another bank collapsed.










In the UK, the FTSE closed 1.79% higher after gains in top bank shares.












UK reassurance








Meanwhile, in the UK Chancellor Jeremy Hunt told MPs that the UK’s financial system is “fundamentally strong” after facing questions from Labour’s shadow chancellor Rachel Reeves.










Ms Reeves asked whether the system is “adequate to protect taxpayers and depositors” and if the government can be confident that no other UK banks are vulnerable to failure after Silicon Valley Bank UK’s collapse.










Via BBC News


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
U.S. Treasury Secretary Janet Yellen told bankers on Tuesday that she is prepared to intervene to protect depositors in smaller U.S. banks suffering deposit runs that threaten more contagion amid the worst financial system turmoil in more than a decade.


In a speech aimed at calming nerves rattled by two prominent bank failures this month, Yellen said that the U.S. banking system was stabilizing and steps taken to guarantee deposits in those institutions, showed a “resolute commitment” to ensure depositors’ savings and banks remain safe.


“The steps we took were not focused on aiding specific banks or classes of banks. Our intervention was necessary to protect the broader U.S. banking system,” Yellen told an American Bankers Association conference in Washington.


By David Lawder via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Digital skills: você tem as habilidades do futuro?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Todo mundo vai precisar ter habilidades digitais, não importa a área. Elas aumentam – e muito – a sua chance de continuar empregado. Veja quais são


Mais de 80% dos diretores admitem que a falta de habilidades digitais tem impacto negativo sobre sua empresa. O dado é resultado de um estudo feito no ano passado pela AND Digital, empresa europeia de capacitação em digital skills com mais de 40 mil pessoas já treinadas em diversos países. O dado reforça que o desejo de lideranças em promover a transformação digital em suas companhias nem sempre vem acompanhado de mudanças no perfil profissional dos funcionários.


Ganhar habilidades digitais – isto é, ter competências técnicas que envolvem tecnologias para aplicar no cotidiano do trabalho –, significa acompanhar o ritmo das mudanças que vai mudar a cara das empresas nos próximos anos. “Com aceleradores e chips que estão sendo construídos, podemos ter sistemas de IA mil vezes mais poderosos do que são hoje até 2030. Não é exagero”, disse a futurista Amy Webb em sua palestra na conferência SXSW no início do mês.


By Gabriela Guido via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Is Not for Beginners
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The depth of innovation required to solve tough regional challenges, combined with Brazil’s high talent density, will increasingly create opportunities to invest in companies that aren’t just local winners, but global powerhouses.


“Brazil is not for beginners,” commented Bruno Balduccini, lead fintech partner of law firm Pinheiro Neto. The “Godfather of Fintech”, as he is known in the Brazilian venture ecosystem, was not referring to historical critiques of excessive bureaucracy that gave birth to this local expression. Rather, Balduccini was acknowledging the evolution of Brazil’s fintech ecosystem: the sophistication of the capital markets, the advances of its regulatory regime, and the companies that have transformed the financial services landscape, including Nubank (one of the most valuable challenger banks in the world).


Brazil is Latin America’s most developed ecosystem for technology-enabled financial services, and it’s hard to overstate the importance of Brazilian government bodies in boosting financial inclusion by promoting reforms across all areas of financial services. From the unbundling of the banking scheme that started in 2013—which allowed newcomers such as Creditas and Neon to apply for tiered licenses that are quicker and less costly than a full banking framework—Brazil is one of the leaders of the world when it comes to regulation-promoting financial services innovation. More than half of the country’s adult population, a staggering 64 million people, made their first digital payments transaction with PIX, Brazil’s instant payment system designed by the Central Bank. Moreover, more than 18 million accounts consent to share their data in the context of open finance, a 95 percent growth from September to December 2022. And after piloting projects last year, Brazil is in the advanced stages of launching its central bank digital currency, Real Digital, which aspires to leverage tokenization and smart contracts on the blockchain for enabling programmable money. For innovators, change means opportunity.


By Monica Brand Engel, Jonathan Whittle and Michel Zaidler via Observer


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil looks to regulate monetized content on Internet
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government is studying whether to regulate Internet platforms with content that earns revenue such as advertising, its secretary for digital policies, Joao Brant, said on Friday.


The idea would be for a regulator to hold such platforms, not consumers, accountable for monetized content, Brant told Reuters.


Another goal is “to prevent the networks from being used for the dissemination and promotion of crimes and illegal content” especially after the riots by supporters of former far-right President Jair Bolsonaro in Brasilia in January, fueled by misinformation about the election he lost in October.


By Victor Pinheiro via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Lula to go to China with 240 business representatives, says official
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s President Luiz Inacio Lula da Silva will visit China this month accompanied by a delegation of 240 business representatives, including 90 from agriculture sector, a senior Foreign Ministry official said on Friday.


Trade promotion secretary Daniel Fernandes said at a press briefing that all the government’s ministries will be represented on the March 26-30 visit to Beijing and Shanghai.


The ministry’s Secretary for Asia, Pacific and Russia, Eduardo Saboia, said Brazil is hoping to diversify its trade relationship with China, the largest customer for Brazilian exports, mainly soy beans and iron ore.


By Anthony Boadle via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
What Do Your B2B Customers Really Want?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
B2B sellers often think of customers as rational decision-makers who seek to maximize value, reduce costs, and save time. But a study of 2,128 office workers across the United States, the United Kingdom, France, Germany, Spain, and Italy found that B2B customers prefer interactions that fuel their psychological needs — even if they require more time or cost more money. Viewing customer service through the prism of the three core psychological needs — autonomy, relatedness, and mastery — opens up a wealth of opportunities for elevating service


Researchers have long understood that all humans, regardless of gender, age, and culture, are fueled by three psychological needs: an ingrained desire for choice (autonomy), connection with others (relatedness), and experiences that grow their skills (mastery).


While the universality of psychological needs is well established, they have largely been ignored as a tool for growing consumer loyalty and reducing churn. Recently, my team at ignite80, in collaboration with the customer communication platform, Front, surveyed 2,128 office workers across the United States, the United Kingdom, France, Germany, Spain, and Italy whose role involved working with B2B companies.


By Ron Friedman via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to pay debt to multilateral organizations in 2023
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s government will pay outstanding debts of 2.6 billion reais ($490.6 million) to multilateral organizations in 2023, reinforcing its commitment to global forums, the Planning Ministry said on Thursday.


The amount corresponds to debts to “various organizations” inherited from former President Jair Bolsonaro’s administration, which leftist President Luiz Inacio Lula da Silva will settle.


Lula has sought to restore Brazil’s international presence and reposition the country to attract investments, most notably resuming an active role in fighting climate change and addressing human rights.


By Marcela Ayres Editing by Chris Reese via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Com SXSW, Itaú pretende acelerar transformação cultural e digital do banco
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O Itaú Unibanco estreou como a primeira marca brasileira a patrocinar oficialmente o South by Southwest (SXSW), evento de tecnologia e inovação que ocorre em Austin, no Texas, nesta semana. O apoio marca a criação da plataforma de inovação do banco que envolve a participação em outros eventos, inclusive no Brasil. O objetivo, segundo Renato Haramura, superintendente de Marketing Institucional do Itaú, é, em primeiro lugar, democratizar o acesso à inovação para empreendedores e todo o ecossistema do banco e, internamente, contribuir com conhecimento para as principais mudanças culturais, comportamentais e tecnológicas que a companhia vive atualmente.


“O Itaú vive um contexto de transformação que não envolve apenas a digitalização, mas também uma mudança refletida em suas marcas, o reposicionamento recente de Personalitté é um exemplo disso. São transformações que envolvem formato, investimento, cultura. Estamos falando de um contexto de 100 mil funcionários. E trazer para dentro dos nossos ecossistemas todas as provocações que ocorrem aqui no SXSW é um desafio, ao mesmo tempo que reflete a oportunidade e o momento que vivenciamos”, destaca Haramura. Sobre os próximos passos da presença do Itaú no festival, Haramura reforça que o objetivo, agora, é estimular o pensamento de inovação em toda a companhia e independentemente de áreas.


By Luiz Gustavo Pacete via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Has Your Organization Acted on What It’s Learned in the Pandemic?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
As the pandemic marks a third anniversary, business leaders around the world are eager to move on. But few companies have systematically institutionalized what they’ve learned from their Covid-19 experience to build resilience. The authors suggest a three-step approach to do so: 1) Evaluate how you — and your competitors — performed during the pandemic; 2) Extract the stories of what worked and what didn’t through an after-action review; and 3) Implement the needed capabilities identified in the after-action review.


BCG research has found that 15% of companies outperform their industry in more than 80% of crises. Berkshire Hathaway, for example, outperformed its peers in 15 out of the last 17 turbulent periods.


by Martin Reeves, Robert van der Veeken, and Adam Job via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil development bank aims to pay out sums totaling 2% of GDP by 2026
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
An executive at Brazilian state development bank BNDES said on Tuesday the bank aims to pay out the equivalent of 2% of the country’s Gross Domestic Product (GDP) by 2026.


BNDES did not specify the exact figure. According to Brazil’s government statistics agency, the country’s 2022 GDP amounted to 9.9 trillion reais ($1.88 trillion).


Speaking at a news conference, BNDES planning executive Nelson Barbosa also said there is more credit supply to the bank coming from abroad and that this could unlock more credit for South America’s largest nation.


By Rodrigo Viga; Writing by Carolina Pulice; Editing by Sarah Morland via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
HSBC rescues British arm of stricken Silicon Valley Bank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
HSBC (HSBA.L) bought the UK arm of Silicon Valley Bank for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain, as the biggest bank collapse since the financial crash continued to roil markets.


The deal, which sees one of the world’s biggest banks, with $2.9 trillion of assets, take the doomed British arm of the tech lender under its wing, brought to an end frantic weekend talks between the government, regulators, and prospective buyers.


It came after U.S. authorities moved on Sunday to shore up deposits and try to stem any wider contagion from the sudden collapse of its parent Silicon Valley Bank (SIVB.O).


By Iain WIthers and William Schomberg


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
VPB de R$ 1,249 trilhão caminha para ser o maior da história do agro
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O VBP (Valor Bruto da Produção Agropecuária) de 2023 está estimado em R$ 1,249 trilhão, valor 5 % maior do que o obtido no ano passado. O resultado é o maior de uma série com início há 34 anos. A revisão que ocorre mensalmente foi apresentada hoje (13), pelo Mapa (Ministério da Agricultura e Pecuária).


O VBP é calculado com base nas informações de safras de fevereiro,  é organizado pela Companhia Nacional de Abastecimento (Conab) e Instituto Brasileiro de Geografia e Estatística (IBGE). O valor das lavouras está previsto em R$ 887,7 bilhões (crescimento de 8,9%) e a pecuária, 361,9 bilhões (retração de 3,4%).


Preços acima da média de anos anteriores e expectativas de boa safra em 2023 trazem contribuição positiva para um grupo amplo de lavouras, com destaque para laranja, cana-de-açúcar, milho e soja. Milho e soja representam 62% do VBP das lavouras, e têm participação decisiva nesses resultados. Sua influência também têm sido importante na produtividade de grãos que está sendo prevista com acréscimo de 10%.


By Redação via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Os brasileiros do Brex estão socorrendo as startups do Vale do Silício
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A fintech de cartão de crédito corporativo, está entrando no mundo dos empréstimos para ajudar as startups prejudicadas pelo colapso


Enquanto as empresas que mantinham seu dinheiro no Silicon Valley Bank correm para encontrar soluções para a folha de pagamento desta semana, o CEO da Brex, Henrique Dubugras, passou os últimos dois dias no telefone para entrar no negócio de empréstimos, pelo menos temporariamente.


A fintech com sede em San Francisco anunciou no sábado (11) que já havia recebido mais de US$ 1 bilhão em pedidos de uma linha de crédito de emergência anunciada na sexta-feira (10).


Em uma entrevista, Dubugras disse à Forbes que a Brex ainda estava no processo de garantir os credores e definir as taxas, mas planejava fazê-lo até a segunda-feira. “Estamos aqui 24 horas por dia, 7 dias por semana, negociando as condições para começarmos a financiar”, disse ele.


By Alex Konrad via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Biden emphasizes US banking system is safe after Silicon Valley Bank collapse
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
President Joe Biden on Monday underscored that the American banking system remains safe, laying out how his administration is taking action to contain Silicon Valley Bank’s collapse.


“Americans can rest assured that our banking system is safe. Your deposits are safe,” Biden said from the Roosevelt Room. “Let me also assure you we will not stop at this. We will do whatever is needed on top of all this.”


Biden used his speech – which was only announced Sunday night – to allay fears, directly explaining what he has instructed his administration to do to protect small businesses and workers in the wake of a regulator shutdowns of both Silicon Valley Bank and Signature Bank over the last few days. These actions include backstopping depositors’ funds, making sure taxpayers are not on the hook for these moves, holding those responsible accountable and declining to extend relief to investors of Silicon Valley Bank.


The president said affected customers can “rest assured” that they will have access to their money on Monday.


By By MJ Lee, Phil Mattingly, Maegan Vazquez and Allie Malloy via CNN




Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Fintechs impulsionam igualdade econômica para mulheres em todo o mundo
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Os serviços financeiros perdem cerca de US$ 700 bilhões (R$ 3,6 trilhões) por não atenderem às necessidades do público feminino


As fintechs lideradas por mulheres estão abrindo caminho para que outras mulheres em todo o mundo obtenham acesso a serviços financeiros, permitindo que elas assumam o controle de suas decisões relacionadas ao dinheiro e ao bem-estar com uma confiança inédita.


As mulheres são, historicamente, sub-representadas nas finanças. De acordo com a pesquisa realizada pela Oliver Wyman, os serviços financeiros tradicionais estão perdendo uma receita de pelo menos US$ 700 bilhões (R$ 3,6 bilhões) ao ano por não atenderem as necessidades das clientes do sexo feminino.


Desta forma, fundadoras de diversas origens e com diferentes experiências de vida são ideais para criar soluções projetadas especificamente para atender às necessidades das usuárias. Asssim, as iniciativas criam uma base de usuários do sexo feminino e ajudam a preencher as lacunas de igualdade de gênero.


By Nicole Casperson via Forbes Brasil


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Designing a Climate Advocacy Strategy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Although the business community has made progress toward climate goals since the 2015 Paris Agreement, fewer than one-fifth of net-zero targets set by national and subnational governments and only a third of the largest public corporations with net-zero targets actually meet science-aligned criteria. Further, anti-climate lobbying has had a disastrous effect on the planet and cost years in meaningful action. Inaction is not an option. Businesses committed to being on the right side of history must advocate for policies, regulations, and laws to achieve economy-wide systemic change at the pace and scale required to achieve climate targets. Based on their cross-organizational work at three B Corps, the authors identified five critical elements for advocacy strategies that will help businesses use their power and influence to push for the system change required to meet climate targets.


“We had our chance to make incremental changes, but that time is over. Only a root-and-branch transformation of our economies and societies can save us from accelerating climate disaster,” said Inger Andersen, executive director of the UN Environment Programme (UNEP). The data is clear: Global emissions are going up. Voluntary pledges to prevent new fossil fuel projects and curb devastating practices such as mass deforestation are failing to prevent the destruction of nature and rising global inequality.


by Sophie Dembinski, Charmian Love, and Beth Thoren via Harvard Business Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EU warms to unlocking stalled Mercosur trade deal
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The European Union is warming to the idea of concluding a major free trade deal with Brazil and its Mercosur neighbours, with “decisive progress” possible by July, a senior EU official and Sweden’s trade minister said on Friday.


The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay completed negotiations 2019 but the deal has been on hold due to concerns, particularly in France, about Amazon deforestation and Brazil’s commitment to climate change action.


The European Commission has proposed Mercosur accept clear sustainability commitments, on which European Commission Vice President Valdis Dombrovskis said it was already consulting EU members and lawmakers and Mercosur countries.


By Philip Blenkinsop via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil announces pilot for digital currency seeking to leverage financial services
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to popularize financial services in the country.


According to Fabio Araujo, coordinator of the initiative at the bank, the public use of the digital currency should begin at the end of 2024, after the completion of the testing phase – which will include buying and selling of federal public bonds among individuals – and its subsequent evaluation.


Araujo said the “digital real” will be built as a means of payment executed on distributed ledger technology (DLT), to support the provision of retail financial services settled through tokenized deposits in institutions of the financial and payment systems in Brazil.


Reporting by Marcela Ayres; Editing by Leslie Adler via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CERAWEEK-Petrobras, Equinor to evaluate 7 wind projects offshore brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s state-run oil firm Petrobras (PETR4.SA) and Norwegian energy provider Equinor (EQNR.OL) on Monday said they signed an agreement to evaluate development of seven wind projects offshore Brazil.


The proposed projects would deliver a combined capacity of 14.5 gigawatts of power if confirmed, Petrobras CEO Jean Paul Prates said at the CERAWeek energy conference in Houston.


The project could cost $70 billion if confirmed in its entirety, with production starting in six to 10 years. The study phase of the project will last until 2028, the companies said.


By Sabrina Valle via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to Double Lending Capacity of Its Development Bank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s development bank plans to issue tax-free bonds to double credit operations to nearly $40 billion without the Treasury’s help, according to its planning and project structuring director.


Nelson Barbosa, who served as finance minister under Dilma Rousseff and has now joined the ranks of the bank known as BNDES, said the bonds will be linked to development projects in areas where the institution wants to invest, such as energy transition, innovation and infrastructure. They will also be available to individual investors, sweetened by the exemption of income tax.


“One of our goals is to restore BNDES’s historical size, which means doubling the size of the bank,” Barbosa said in an interview in his office in Brasilia. “Instead of the Treasury borrowing and transferring funds to BNDES, the bank itself will raise the money.”


By Martha Beck via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Countries agree on historic oceans treaty to protect the high seas
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Nearly 200 countries have agreed to a legally-binding “high seas treaty” to protect marine life in international waters, which cover around half of the planet’s surface, but have long been essentially lawless.


The agreement was signed on Saturday evening after two weeks of negotiations at the United Nations headquarters in New York ended in a mammoth final session of more than 36 hours – but it has been two decades in the making.


The treaty provides legal tools to establish and manage marine protected areas – sanctuaries to protect the ocean’s biodiversity. It also covers environmental assessments to evaluate the potential damage of commercial activities, such as deep sea mining, before they start and a pledge by signatories to share ocean resources.


By Laura Paddison via CNN


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Secretary Raimondo Appoints U.S. Members to the U.S.-Brazil CEO Forum
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Secretary of Commerce Gina Raimondo today announced the appointment of 12 U.S. CEOs who will serve in the U.S. Section of the U.S.-Brazil CEO Forum (Forum) during the 2023-2026 term. The newly-appointed members will coordinate, organize and plan the activities of the U.S. Section in preparation for the first in-person Forum meeting under the Biden-Harris Administration.


Additionally, Secretary Raimondo has appointed Mauro Gregorio, CEO of the Dow Silicones Corporation, to serve as the U.S. Section Private Sector Co-chair. In this role, Mr. Gregorio will organize members of the U.S. Section and coordinate with his Brazilian counterpart on Forum activities.


“The U.S. – Brazil CEO Forum is a critical vehicle in deepening our trade and investment relationship with Brazil, and I am proud to appoint these twelve United States CEOs from a cross-section of vital industries,” said Secretary Raimondo. “Their unmatched business knowledge and experience will be essential to advancing the objectives of the Forum.”


By U.S. Department of Commerce


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil – Outlook and Opportunities for Investment in 2023
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


Despite the turbulence this year, private equity and venture capital investments in Brazil grew by more than 13% in the first half of 2022 alone. With a stable political and economic outlook, along with a devalued currency and investors moving away from other emerging markets, Brazil is a prime target for investments in 2023.


New Government in 2023


On October 30, 2022, former president Luis Inácio Lula da Silva (Lula) was elected as Brazil’s next president. Despite receiving the largest number of votes ever for any candidate in Brazil’s democratic history, Lula beat the incumbent president Jair Messias Bolsonaro by the smallest margin ever in a Brazilian presidential election; 50.9% to 49.1%.1 Lula will be sworn in on January 1, 2023 for his third time, after having served as president from 2003 to 2010. A founding member of the Workers’ Party (PT), Lula is seen as a left-wing politician, which is diametrically opposed to Bolsonaro, who is the leader of Brazil’s far right political movement.


President Lula will be checked by a newly elected Congress and Senate that are among the most conservative ever. President Bolsonaro was able to elect numerous supporters to both houses, who will work actively to oppose any radical policies that Lula could propose. While this will create some difficulty for Lula to approve much needed reforms, such as simplifying the country’s tax code, it should create some stability, which generally favors investment. President Lula’s team has started providing glimpses into what his future cabinet will look like. His economic team is expected to include well-known economists with successful track records in fostering growth and stability, which will help ease tensions in the market. In the first week after his election, the Brazilian stock exchange climbed 3%2 and the Brazilian Real increased by 4.5% compared to the U.S. Dollar,3 showing that there is some optimism now that the elections are over.


By Carlos Flávio Lopes, Managing Director via StoneTurn


Read full article


 



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Fashion Sneakers Propel Sustainable Rubber in Brazil Amazon
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Rubber tapper Raimundo Mendes de Barros prepares to leave his home, surrounded by rainforest, for an errand in the Brazilian Amazon city of Xapuri. He slides his long, scarred, 77-year-old feet into a pair of sneakers made by Veja, a French brand.


At first sight, the expensive, white-detailed urban tennis shoes seem at odds with the muddy tropical forest. But the distant worlds have converged to produce soles made from native Amazonian rubber.


Veja works with a local cooperative called Cooperacre, which has reenergized the production of a sustainable forest product and improved the lives of hundreds of rubber tapper families. It’s a project that, though modest in scale, provides a real-life example of living sustainably from the forest.“Veja and Cooperacre are doing an essential job for us who live in the forest. They are making young people come back. They have rekindled the hope of working with rubber,” Rogério Barros, Raimundo’s 24-year-old son, told The Associated Press as he demonstrated how to tap a rubber tree in the family’s grove in the Chico Mendes Extractive Reserve. Extractive reserves in Brazil are government-owned lands set aside for people to make a living while they keep the forest standing.


By Fabiano Maisonnave, Tatiana Pollastri, and Eraldo Peres via AP News


Read full article


 


 


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil exports to Arab nations hit 33-year high, agro products prevail
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Exports from Brazil to the 22 countries of the Arab League of nations generated record revenue of $17.7 billion in 2022, the highest since 1989, the Arab-Brazil Chamber of Commerce said on Thursday.The figure represents a 23.06% rise over the previous year and puts the Arab world as a key trade partner of the South American nation, which also does a lot of business with China and Europe.Arab countries of the Middle East and North Africa predominately buy agro products like meat and grains from Brazil. Sales of such goods represented 71% of the total exported by Brazil to the region, the Chamber said.


As in previous years, exports of Brazilian poultry to League countries stood out, rising by 26.35% in value as deals were not deterred by attempts to grow national production in the Middle East.Arab nations paid an average around $2,172 per tonne of Brazilian chicken in 2022, higher than $2,022 Brazil’s other clients disbursed, the Chamber said.


Reporting by Ana Mano; Editing by Aurora Ellis via Reuters


Read full article 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Que venha 2023! Investimentos e atividades de Fusões e Aquisições
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Atividades de Fusões e Aquisições (Mergers & Acquisitions – M&A, em inglês) tiveram uma forte redução no ano de 2022 com números preliminares refletindo queda de mais de 19% em número de transações e aproximadamente 39% em volume transacionado. Transações de grande porte (big tickets) foram mais ocasionais e impactaram fortemente na redução de valor transacionado. 


Os motivos são conhecidos. Incertezas econômicas com temas relacionados a inflação, taxas de juros e recuperação (ou recessão) das principais economias, a guerra da Rússia com Ucrânia, as quebras nas cadeias de fornecimento, as perspectivas do mercado chinês e, não menos importante, neste contexto todo, como se comportarão globalmente as curvas de oferta e demanda. Adicionam-se a estes temas, alterações em ambientes políticos e relações geopolíticas em vários países (EUA, América Latina, China, dentre outros) e a crescente relevância, e provocação junto a governos, reguladores, investidores e a sociedade aos temas ESG (Enviromental, Social and Governance), principalmente no ângulo de Enviromental.


E uma rápida guinada não pode ser esperada para 2023. Os fatores mencionados, embora não possam ser classificados como estruturais, são um grande desafio e não devem se resolver em curto prazo. A consequente volatilidade dos mercados de capitais, com recordes negativos de abertura de capital de empresas (IPO – Initial Public Offerreing), follow-ons ou mesmo o questionamento, ou baixa performance, dos modelos de investimentos estruturados como SPACs (Special Purpose Acquisition Companies), o aumento das taxas de juros e a incerteza econômica impactam diretamente as atividades de Fusões e Aquisições. Aumentos de taxas de juros geram consequências, não somente nos investimentos em expansão de capacidade produtiva, mas também no aumento da aversão dos investidores ao mercado de riscos e imediata alocação de recursos na categoria de renda fixa, onde maior estabilidade e previsibilidade, bem como garantia de retorno, estão presentes. Além disto, referida falta de previsibilidade e maior instabilidade, causaram a re-precificação dos ativos (empresas) – além e afetar o poder de compra de investidores, estratégicos ou financeiros, que, com o aumento do custo de financiamento (maior taxas de juros), aumenta o custo de fazer aquisições.


Por Alexandre Pierantoni via Kroll


Ler artigo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian Startup Program Elevates Innovative Entrepreneurs and Forges Exciting Investment Opportunities with U.S. Venture Capitalists
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The recently refreshed Startup Outreach Brasil program kicked off in Chicago, with more cities to come in 2023 and beyond


ApexBrasil, The Brazilian Trade and Investment Promotion Agency, together with the Brazilian Ministry of Economy, Brazilian Ministry of Foreign Affairs, Sebrae (Brazilian Micro and Small Enterprises’ Support Service), and Anprotec (National Association of Entities Promoting Innovative Enterprises), recently announced the debut of the newly branded Startup Outreach Brasil Program. Over the past six years, Startup Outreach Brasil has selected high-growth Brazilian startups to receive personalized internationalization support. The program has successfully introduced Brazilian startups to several innovation ecosystems around the world that are growing in importance and prominence. Introduced during the program’s latest session in Chicago, the brand refresh represents Startup Outreach Brasil’s mission to educate the venture capital community about the innovative young companies coming out of Brazil, while also providing participating entrepreneurs with training and support to better understand conducting business ventures abroad.


Over the past decade, Brazil’s startup sector has earned the attention of the global investment community and experienced incredible growth. Specifically, more than 22,300 startups have launched in Brazil since 2015, and 30 startups have earned “unicorn” status since 2018, which represents companies that are valued above USD $1 billion. As a result, Brazil has become the largest startup economy in Latin America and attracted USD $9.43 billion in funding rounds in 2021 alone.


Via Yahoo!


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Five Lessons From Brazil For Implementing FedNow
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The Federal Reserve has just entered the testing phase of its new instant payment service, FedNow. Inspired by the Brazilian system, Pix, FedNow aims to revolutionize how North Americans send and receive money, and it places all eyes on the world’s largest economy on the subject of payment innovation.


Banks will have less than a year to prepare for the launch of the long-awaited FedNow. While it’s not yet clear exactly how it works, the Federal Reserve’s vice president, Lael Brainard, said that the success of the system will depend on industry stakeholders—financial institutions, core service providers, software companies and application developers—devoting the appropriate resources to making the system viable for consumers before its launch, which should take place next summer.


These stakeholders must devote effort, time and money into innovation and technology. Through a robust and reliable software development framework, financial institutions should be able to offer a quality service that meets the needs of today’s world, especially in terms of digital processes, automation and digital wallets.




Lessons From The Brazilian System


As stated, Pix is the basic model for FedNow. Launched in 2020, Pix is now operated by more than 770 institutions, according to Bacen (Central Bank of Brazil). Adjustments happened quickly with its implementation, meaning that institutions had to use agile and specialized methods with clearly defined scopes and assertive planning that maximized value.


By Mateus Hernandes Rodrigues via Forbes


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Maratona Amazônica: como o Brasil pode liderar a economia de baixo carbono, segundo novo relatório
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Documento desenvolvido pela Systemiq Brasil com organizações multilaterais, setor privado, cientistas e comunidades originárias indica formas de impulsionar desenvolvimento da região




O Brasil pode se tornar a primeira grande economia – de média ou alta renda – a alcançar a neutralidade de carbono nos próximos 8 anos e, ao mesmo tempo, acelerar o seu crescimento econômico em US$ 100 bilhões a US$ 150 bilhões anuais ao PIB adicionais ao ritmo de crescimento atual (2,5%/ano). Com isso, o país seria um exemplo concreto ao mundo de prosperidade econômica sustentável para as próximas décadas, modelo que pode inspirar todo o Sul Global.








É o que mostra um relatório apresentado nesta quarta-feira (9) na Conferência das Nações Unidas sobre as Mudanças Climáticas – a COP27, no Egito. Chamado “The Amazon’s Marathon: Brazil to lead a low-carbon economy from the Amazon to the world” (A Maratona Amazônica: Brasil pode liderar economia de baixo carbono da Amazônia para o mundo), o documento é um plano de desenvolvimento econômico que apresenta análises sobre o potencial da região ao calcular a oportunidade financeira por trás das estratégias de mitigação de emissões de gases efeito estufa (GEE) e destacar projetos escaláveis que promovem uma nova abordagem baseada na natureza, centrada em pessoas e positiva para o meio ambiente.


Por Guilherme Justino, via Um Só Planeta


Leia o artigo na íntegra





			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
China certifies Embraer jet that could take on homegrown model
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday that China’s aviation regulator had certified its E190-E2 regional jet for operations in the country, a move that would allow it to compete against China’s homegrown ARJ21 regional jet.


China had been slow to certify the latest generation of Western jets and turboprops that compete against domestic-made equivalents, though this week the ATR42-600 turboprop also was granted certification during Airshow China in the southern city of Zhuhai.


The E190-E2, a more fuel-efficient of the older E190 that already operates in China, can seat up to 114 passengers and was certified in Brazil, the United States and Europe in 2018.


The capacity compares with the 90-seat ARJ21 regional jet and 168-seat C919 narrowbody jet produced by Commercial Aviation Corp of China (COMAC).


Embraer said in a statement that the E190-E2 and the larger E195-E2 that can seat up to 146 passengers complemented the ARJ21 and C919 in terms of capacity.


Reporting by Sophie Yu in Beijing and Jamie Freed in Sydney; Editing by Muralikumar Anantharaman and Christian Schmollinger via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agritalks – Green Finance in Brazil: New Developments and Opportunities
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				




The in-person event “AgriTalks – Green Finance in Brazil: New Developments and Opportunities”, where Brazilian government officials and representatives of the private sector from both Brazil and the U.S. will discuss the current state, perspectives and opportunities for the green finance market in Brazil.


The seminar will take place at the Consulate General of Brazil, on November 17th,from 9:00 a.m. to 1:00 p.m. There will be a Q&A session, in addition to a coffee break and reception at the end of the event.










Agritalks – New York


Green Finance in Brazil: New Developments and Opportunities


New York, November 17th, 2022


Program:


Registration (9:00-9:30)


Welcome Speech (9:30-9:35)


• Ambassador Maria Nazareth Farani Azevêdo, Consul General of Brazil in Nova York


Keynote Speech (09:35 – 09:55)


• Fernando Sardenberg Zelner Gonçalves – Deputy Secretary for Trade and International Relations, Ministry of Agriculture, Livestock and Food Supply – MAPA


Panel 1 – New Instruments and Regulations in the Brazilian Green Finance Market (09:55-10:45)


• José Angelo Mazzillo Junior – Secretary for Agriculture Policy. Ministry of Agriculture, Livestock and Food Supply – MAPA


• Thatyanne Gasparotto – Director, Green & Sustainable Financing Solutions, Natixis CIB Americas


• Lucio Feijó Lopes – Senior Partner, Feijó Lopes Advogados


• Leisa Souza – Head LatAm, CBI


• Moderator: Professor Sidney Nakahodo – Columbia University, School of International and Public Affairs


Coffee Break (10:45-11:00)


Panel 2 – Opportunities for Investment in Green Finance in Brazil (11:00 – 11:50)


• Marcela Porto Costa – Sustainability Expert, Santa Brígida Farm


• Eliza G. Pepper – Head of Advisory & Wealth Planning LatAm, UBS


• Maurício Bauer – Director of Sustainability, JBS


• Leticia Phillips – Representative for North America, Brazilian Sugarcane Industry Association – UNICA


• Moderator: Amy Wu, Journalist, Columbia University


Questions and Answers (11:50-12:15)


Reception (12:15- 13:00)




REGSITER NOW



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
“DAOS: DESAFIOS JURÍDICOS DAS ORGANIZAÇÕES AUTÔNOMAS DESCENTRALIZADAS”: CONFIRA OS ARTIGOS DO E-BOOK
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
​DAOs: uma introdução


Por Felipe Palhares


DAOs permitem a participação de um número expressivo de indivíduos, localizados em qualquer lugar ao redor do mundo, superando barreiras geográficas e complicações organizacionais, garantindo que qualquer participante possa ter voz e orientar as atividades que serão realizadas pela organização


O que são DAOs?


Por Felipe Palhares


De partida, vale frisar que uma DAO, na prática, nada mais é do que um algoritmo






Modelos de governança para DAOs


Por Felipe Palhares e Fernanda Villela Viana


Existem diversos modelos de governança que podem ser adotados de acordo com as definições que forem estabelecidas nos smart contracts




Estruturação societária de DAOs no Brasil


Por Christopher Zibordi e Daniel Falcão de Paula Soares


Será preciso evoluir e aprofundar as discussões de forma a conceder às DAOs certa legitimidade de que precisam para melhor se estabelecerem e evoluírem como estruturas alternativas




Estruturação Societária de DAOs no exterior


Por Felipe Palhares e Arthur Pichelli Ueda


Em algumas jurisdições, já existem frameworks que têm sido comumente utilizados por fundadores de DAOs para a sua estruturação jurídica




Tokens de DAOs, contratos de investimento coletivo e valores mobiliários


Por Camila Goldberg, Felipe Palhares e Luis Eduardo Al-Contar




Antes de iniciar uma DAO, é fundamental que seus fundadores avaliem se os tokens de governança a serem emitidos podem vir a ser considerados valores mobiliários de acordo com a legislação


Tokens de DAOs e as possíveis penalidades aplicáveis pela CVM


Por Daniella Fragoso e Fernanda Pereira Carneiro


Atualmente não existe norma específica tratando do regime legal aplicável às emissões de tokens de DAOs, o que não implica dizer que não há regulamentação que contemple o tema


Qual país tem competência para tributar as transações das DAOs?


Por Thais de Barros Meira e Ana Carolina P. de Mello


A tributação deve recair sobre as DAOs ou diretamente sobre os rendimentos e ganhos de capital dos associados?


Os desafios na aplicação das leis trabalhistas brasileiras em Organizações Autônomas Descentralizadas


Por Cibelle Linero e Larissa Medeiros Rocha


Essa forma de trabalho se aproxima a outro conceito já previsto na legislação trabalhista brasileira: as cooperativas


Financiamento e geração de ativos de Propriedade Intelectual por meio das DAOs


Por Ana Cristina Müller e Valter Silva Couto




Um grande desafio destas novas possibilidades são as dúvidas que certamente suscitam. Por exemplo, a quem pertencem os direitos de PI em criações que se originarem nas DAOs?


As DAOs e alguns desafios para a solução de conflitos


Por Felipe Galea, Iara Conrado, Milena Arbízu e Marcos Salgado


A descentralização e a autonomia desse tipo de organização diminuem esforços individuais e tornam o processo de decisão mais célere. Sob outra perspectiva, geram dúvidas e incertezas




DAOs no mercado brasileiro e boas práticas de Compliance e PLD


Por Anna Carolina Malta Spilborghs e Jean Daniel Demattio Jaldin




É justamente deste contrato inteligente da DAO que surge a vantagem de as execuções não necessitarem uma ação humana ou um intermediário






Diligência Legal em operações de M&A envolvendo DAOs


Por Adriana Dib Fuzinato, Ellen Juste Nuñez e Thaís Xavier




Além da diligência legal, em se tratando de um ativo digital, é recomendável conduzir diligência técnica, pois em muitos casos os termos de criação das DAOs preveem que o código é a lei




DAOs e Proteção de Dados Pessoais


Por Felipe Palhares e Bárbara Iszlaji




É importante discutirmos se as DAOs tratam dados pessoais e, portanto, estão sujeitas às legislações de proteção de dados pessoais


Smart Contracts e a problemática frente às relações complexas das DAOs


Por Fernanda Villela Viana


De forma geral, nas DAOs, os smart contracts são utilizados para definir regras, estruturar operações e gerenciar relações. A execução das DAOs, portanto, não é pautada em sistemas jurídicos


DAOs e cybersecurity


Por Felipe Palhares




Uma falha no código pode colocar em risco todos os recursos mantidos na tesouraria da DAO, assim como expor seus membros


O futuro das organizações


Por Felipe Palhares


Na ausência de respectiva regulamentação, os imbróglios precisarão ser solucionados com base nas especificidades dos casos concretos que sejam apresentados


Via BMA Advogados


Saiba mais























			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Producing 3,967 Million Barrels Of Oil And Gas Per Day
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil’s oil and natural gas production in August reached 3.967 million barrels of oil equivalent per day (Mmboe/d), which corresponds to 3.087 million barrels per day (MMbbl/d) of oil and 139.96 million cubic meters per day (MMm3/d) of natural gas.


The preliminary figures were released earlier this week, in Rio de Janeiro, by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), in the Dynamic Panel of Oil and Natural Gas Production.


In the pre-salt area, production stood at 2.966 Mmboe/d. The volume corresponds to 74.8 percent of the country´s total production. A good part of it was obtained in the Tupi field, namely 1.046 MMboe/d, equivalent to 26.4 percent of the total production in the country.


By Cristina Índio do Brasil via Eurasia Review


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cosan adquire fatia de 4,9% de ações da Vale e quer mais
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Companhia afirma que a participação na mineradora faz parte de uma estratégia de diversificação de portfólio


O conglomerado Cosan anunciou nesta sexta-feira (7) que adquiriu participação de aproximadamente 4,9% do total de ações ordinárias de mineradora Vale, em movimento que busca diversificar a atuação da empresa em setores nos quais o Brasil tem vantagem competitiva.


O valor da fatia adquirida na Vale, com base no preço de fechamento da ação da mineradora de quinta-feira (6), gira em torno de R$ 17 bilhões.


A companhia acrescentou que ainda pretende aumentar sua participação acima do percentual já adquirido e buscará imediatamente a aprovação do Conselho Administrativo de Defesa Econômica (Cade).


REUTERS/Amanda Perobelli via Forbes Brasil


Leia artigo na íntegra

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Principais economias vivem ciclo de alta de juros, enquanto Brasil discute queda
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Conforme ciclos de aperto monetário se aproximam do que se espera ser metade do caminho, bancos centrais de todo mundo ensaiam movimento de calibragem


Galopante mundo afora, a inflação impacta diretamente um dos fatores mais determinantes no desempenho do mercado acionário: a taxa de juros.


Conforme os ciclos de aperto monetário se aproximam do que se espera ser a metade do caminho, bancos centrais de todo o mundo ensaiam um movimento de calibragem sobre o nível de agressividade dos ajustes daqui para frente para domar a inflação.


O Banco da Reserva da Austrália (RBA, na sigla em inglês), por exemplo, moderou a alta na taxa de juros na última terça-feira (4): ao invés de optar por um aumento de 50 pontos-base, como esperava boa parte dos analistas de mercado, abrandou a subida a 25 pontos-base, a 2,60%.


A justificativa para a decisão do banco central australiano reside na estratégia de avaliar o impacto que as últimas quatro altas tiveram sobre a economia e, sobretudo, na inflação, que atingiu o patamar de 6,8% em agosto.


O Brasil, por outro lado, já não vive mais esse cenário. Embora a taxa Selic seja a maior do mundo em termos de juros reais, a 13,75% ao ano, ela já atingiu seu pico — e, agora, a dúvida paira sobre quando é que ela começará a cair.


By Tamara Nassif do CNN Brasil Business, Thais Herédia e Priscila Yazbekda CNN em São Paulo via CNN Brasil


Leia artigo na íntegra

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian farmers planting soybeans at faster pace, consultancies say
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian farmers are sowing soybeans at a faster pace this season, according to estimates from two agribusiness consultancies on Monday.


They cited significant advances in the state of Parana and progress in the pace of sowing in the state of Mato Grosso, the largest producer of soybeans in Brazil, as driving the trend.


Safras & Mercado estimates 2% of the national soybean area has been planted so far for the 2022/2023 cycle, more than twice as much as last year’s 0.8% of the area and above the historical average of 0.8% for this point in the season.


Consultancy AgRural estimates farmers had planted 1.5% of the soybean area in Brazil, compared with 1.3% for the same period last year.


Reporting by Ana Mano; Editing by Paul Simao via Reuters / Yahoo! Finance


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

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

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


Read full article



			

		

	



	

		

			

				

									

			

		

	













		

			

				

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

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


Leia mais


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

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

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


Learn more

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Bradesco Creates ESG Unit to Help Clients Meet Growing Demand
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				




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
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


Read full article


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

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

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


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. 

  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. 

  3. attract both domestic and foreign investments to Brazilian agribusiness and
    4. 

  4. mitigate the barriers that foreign investors face so they can participate in the land market– in Brazil.
    5. 





By Renato Lopes da Rocha via DLA Piper


Read full article 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

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

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


Read full article


 







			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil crypto exchange Mercado Bitcoin to expand into Mexico this year, says CEO
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
SoftBank-backed Brazilian crypto exchange Mercado Bitcoin is set to enter the Mexican market by the end of the year, as part of a plan to expand elsewhere in Latin America, its chief executive told Reuters.


“Certainly, in the second half of the year we start operating in Mexico,” Mercado Bitcoin’s CEO, Reinaldo Rabelo, said in an interview, adding that talks for regulatory approval in the country are in their final stages.


Rabelo said the move will be done through an acquisition, mirroring the way Mercado Bitcoin’s holding company 2TM entered Portugal earlier this year when it bought Lisbon-based exchange CriptoLoja.


Reporting by Paula Arend Laier; Writing by Peter Frontini; Editing by Chizu Nomiyama via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Market Report – Fusões e Aquisições / M&A Brasil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Foram anunciadas 735 transações no período de Janeiro a Junho de 2022, com uma redução de 2,3% em relação ao mesmo período do ano passado. Incertezas globais, combinadas com cenário desafiador interno, afetaram o volume de operações. Mercado de Capitais também ficou restrito e observou-se follow-ons de operações maduras em setores mais resilientes.


Em Junho de 2022 foram anunciadas 94 transações, número 19,6% inferior ao mesmo mês de 2021 (117) e, somando-se as 641 anunciadas entre Janeiro e Maio, registraram-se 735 transações acumuladas no ano, com redução de 2,3% no período em relação ao mesmo período em 2021 (752 transações). É o quarto mês consecutivo onde observamos redução no número de operações de M&A.


Os setores de maior atividade continuam sendo associados, direta ou indiretamente, a tecnologia, serviços financeiros (onde tecnologia também está fortemente presente), serviços (B2B e B2C), logística, energia e produtos de consumo. Destaque também a ser dado aos setores de educação e saúde, que continua apresentando movimento de consolidação. Observamos uma retração das atividades de M&A no setor de varejo.


By Kroll


Ler relatório completo

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Trade between Brazil and the United States hit a record high in the first half, fueled by fuel
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The exchange of goods between Brazil and the United States reached a new record in the first half of 2022, the American Chamber of Commerce (Amsam Brazil) revealed today (15). According to the organization, trade between the two countries during the period totaled 42.7 billion US dollars, an increase of 43.2% compared to the first half of last year. The full report is available at this link.


“Bilateral trade continued to heat up in the first half of the year. The increase in international prices and, to a lesser extent, demand for products important to the bilateral agenda led to unprecedented values ​​in Brazilian imports and exports relative to the United States.”, said the Executive Vice President of Aspect Brazil. Abram Neto.


On the side of Brazilian imports from the United States, the volume handled reached US$25 billion in the first half, an increase of 52.4%. This result was particularly influenced by the purchase of fuels and energy products such as oil products, natural gas, crude oil and coal. In total, these products account for 43.7% of total Brazilian imports.


By Wallace Holt via SIV Telegram Media 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
MercadoLibre Receives $233 Million From Goldman Sachs to Expand Loans in Brazil, Mexico
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


Argentine online marketplace MercadoLibre Inc said on Monday it received a private financing line of $233 million from Goldman Sachs to expand its credit offer in Brazil and Mexico.






The company intends to, through its lending unit Mercado Credito, increase its loan offers to individuals and small and medium-sized companies in both countries.


Of the total figure, $106 million will be destined for Brazil and $127 million for Mexico, MercadoLibre said in a statement.


Reporting by Alberto Alerigi Jr.; Writing by Peter Frontini; Editing by Sam Holmes by Reuters via U.S. News & World Report


Read full article



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Euro And Dollar Are Equal For First Time In 20 Years – Here’s What It Means For Americans
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The euro and the U.S. dollar are equal for the first time in 20 years, as Russia threatens to cut off gas to the west and inflation rates soar, sparking fears of a European recession.




The euro slipped as low as around $1.00005 Tuesday morning, but has since inched up to $1.0061.


Greg McBride, chief financial analyst with the New York financial company Bankrate, told Forbes the effect on imports and exports will be relative, increasing the cost of American goods sold in Europe while making European goods cheaper in the U.S., helping to ease the effect of rising inflation.






“Going to Europe looks a lot cheaper to Americans compared to last summer,” Moody’s Analytics chief economist Mark Zandi told USA Today on Tuesday, noting a stronger dollar can offset the cost of rising airfare by 10% to 20%.




By Brian Bushard via Forbes






			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Shell invests $40 million in carbon credit projects in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Shell said on Monday it has invested $40 million into a Brazilian preservation-focused company.


Carbon credit developer Carbonext runs preservation projects across more than 2 million hectares (4.9 million acres) of the Amazon Forest that are owned by companies seeking to capitalize on the carbon market.


Carbonext then generates carbon credits that can be sold. Shell will now have preferential access to the company’s carbon market, although will not receive discounted prices.


Reporting by Rafaella Barros; Writing by Carolina Pulice; Editing by Christian Schmollinger via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Balança comercial tem superávit de US$ 8,8 bilhões em junho
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Corrente de comércio, que serve como termômetro para a atividade econômica, avançou 22,6% ante junho de 2021


A balança comercial brasileira registrou superávit de US$ 8,813 bilhões em junho. O número é 15,4% menor que o saldo do mesmo mês do ano passado.


Os números foram divulgados pelo Ministério da Economia apenas nesta sexta-feira (1º). A corrente de comércio, que serve como termômetro para a atividade econômica, avançou 22,6% ante junho de 2021. No total, a soma das exportações e importações brasileiros foi US$ 56,536 bilhões.


As exportações brasileiras avançaram 15,6%, totalizando US$ 32,675 bilhões em junho. Esse resultado foi puxado, principalmente, por uma alta de 38,5% na exportação de produtos da Indústria de Transformação brasileira. O setor da Agropecuária avançou 30,4%. Já a venda de produtos da Indústrias Extrativa recuou 24,3% no mês.


Por Anna Russida, via CNN


Ler artigo na íntegra

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Petrobras elects new CEO as fuel price pressures mount
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The board of directors of Brazil’s Petrobras (PETR4.SA) elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion.


Andrade, a former economy ministry official, was also voted onto the company’s board ahead of his election as CEO, the company said in a securities filing, a move required under Petrobras bylaws.


Andrade had been tapped by Brazilian President Jair Bolsonaro last month to run the firm and is set to replace Chief Exploration and Production Officer Fernando Borges, who took over as interim CEO after Jose Mauro Coelho resigned earlier this month. read more


Coelho, as well as his two predecessors, were brought down after clashes with Bolsonaro over the company’s fuel pricing policy. The far-right president’s popularity has taken a beating due to rising diesel and gasoline prices and high inflation.


By Rodrigo Viga Gaier and Rafaella Barros via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Google outlines infrastructure investment in Brazil, announces new office
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Alphabet Inc’s (GOOGL.O) Google Cloud announced on Tuesday it has invested 1.6 billion reais ($312.65 million) in technical infrastructure since 2017 in Brazil, as well as the opening of a new office and engineering center in the country.


Google Cloud investments have been aimed at “helping the company’s customers diversify their service portfolios, extend their digital capabilities, and drive new business,” the company said at the Google for Brazil event in Sao Paulo, the country’s financial capital.


“During this (five-year) period, an amount of 1.6 billion reais was allocated to improve Google Cloud’s technical infrastructure in Brazil.”


Google also announced the opening of a new engineering center in Sao Paulo and a new Google Cloud office in 2023.


In January, Google said it was set to hire 200 engineers in Brazil this year, as it seeks to bolster its privacy, security, and anti-abusive content technologies.


Reporting by Steven Grattan Editing by Bernadette Baum via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Por que o Brasil atrai empresas globais de criptomoedas?
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Mercado de criptomoedas no país já atrai mais investidores do que a Bolsa.


O Brasil está entre os cinco países com o maior número de investidores em criptomoedas, algo que não passa despercebido pelas empresas globais do setor. Gigantes como Binance, Coinbase, FTX e Crypto.com já possuem presença local, e a tendência é que, com a chegada do marco regulatório das criptomoedas, mais delas venham para ficar.


Cerca de 10 milhões de brasileiros já investem em criptomoedas, segundo um estudo da Binance em parceria com a TripleA divulgado no ano passado. O número corresponde a 5% da população e é maior que o total de investidores pessoas físicas cadastrados na B3 – cerca de 4 milhões.


Acompanhe em primeira mão o conteúdo do Forbes Money no Telegram


O Brasil fica atrás apenas de Índia, Estados Unidos, Rússia e Nigéria em número de investidores em criptomoedas.


Sean Rach, ex-CMO da Crypto.com e cofundador da plataforma de serviços financeiros Hi, afirma que a desvalorização do real em relação ao dólar é um dos principais fatores que tornam as criptomoedas tão atrativas aos brasileiros. “Além da capacidade de inovação e de criação de soluções nesse ecossistema, o que abre diversas oportunidades”, acrescenta.


Por Isabella Velleda via Forbes


Leia o artigo na íntegra.


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilians are adopting digital payments faster than anyone else —  what lessons can we learn?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
    

  • Digital payments are an essential tool of financial inclusion and enfranchisement.
    • 

  • Brazil is leading a Latin American boom in financial inclusion, with FinTech companies and Central Bank-led initiatives providing access to bank accounts for the first time to millions of people.
    • 

  • The World Economic Forum has partnered with the Inter-American Development Bank to launch an initiative aimed at further expanding financial inclusion and unlocking digital trade opportunities in Latin America and the Caribbean.
    • 





Digital payments are driving a profound change in Brazil’s banking sector. Over the past 10 years, a silent revolution in Brazil has led to increased competition, more financial inclusion and lower banking fees.






The explosion of digital payments in Brazil has created an innovative financial ecosystem that works for ordinary people.






This progress is the result of a combination of an overhaul in the payments regulatory framework, intensive use of technology, entrepreneurship and a focus on creating products that address the needs of Brazilian customers.


By David Vélez, Founder and CEO, Nubank via World Economic Forum – This article is part of the World Economic Forum Annual Meeting




Read full article here.







			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Carteira Ibovespa: B3 anuncia entrada da SLC Agrícola (SLCE3)
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Vale e Petrobras seguem como as empresas de maior peso na composição do índice.


A B3 divulgou hoje (2) a nova carteira do índice Ibovespa, que irá vigorar até o dia 2 de setembro de 2022. A grande novidade é a entrada da SLC Agrícola (SLCE3), com peso de 0,241%. Com as alterações, o índice contemplará 92 ativos de 89 empresas.


Os cinco ativos de maior peso na composição do índice se mantiveram os mesmos, mas com novas participações: Vale ON (15,582%, ante 14,783% ), Petrobras PN (6,864%, estável), Itaú Unibanco PN (5,661%, ante 5,142%), Bradesco PN (4,606%, ante 4,556%) e Petrobras ON (4,492%, ante 4,205).


A SLC Agrícola foi fundada em 1977 e é produtora de soja, algodão e milho; criadora de gado e detentora da marca SLC Sementes, que produz e comercializa sementes de soja e algodão. Foi uma das primeiras empresas do setor a ter ações negociadas na Bolsa de Valores.


Por Isabella Velleda via Forbes


Leia mais em: https://forbes.com.br/forbes-money/2022/05/carteira-ibovespa-b3-anuncia-entrada-da-slc-agricola-slce3/


Leia mais aqui.

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
ISO DATAGRO New York Sugar & Ethanol Conference 2022
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Also known as the official technical event of the New York Sugar Dinner, The ISO DATAGRO NY Sugar and Ethanol Conference was held in a digital format during its last edition and will return to its original format this year on May 11, 2022 from 7:30 AM to 4:10 PM EDT at 583 Park Avenue, New York, NY 10065.The event will gather experts and influential players in the global sugar-energy community. These world-renowned leaders will tackle topics related to the main issues of the global sugar and ethanol industries.Don’t miss the opportunity to learn from specialists and gain invaluable business insights on the following topics:▪️ What to Expect for Brazil & Other Main Fundamentals in 21/22 & 22/23


▪️ World S&D in 21/22 & 22/23 (Oct/Sep)


▪️ Perspectives for Sugar and Ethanol in India


▪️ Ethanol in Sustainable Mobility


▪️ Trade Flows & Market Perspectives


▪️ Technological Innovation & Trends


▪️ Investments & Financing Opportunities for the Agribusiness Sector Click here for more information and Registration.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
REDD Insight: LatAm, too, is bracing for impact of Russia’s attack on Ukraine
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
[The REDD Insight is a daily market comment produced by senior members of the REDD Intelligence Latin America newsroom. The views expressed in this report are solely those of the author(s) and are not necessarily either

shared or endorsed by REDD.]


“I told Putin that Brazil supports any country that seeks peace. And that’s his intention.” — Jair Bolsonaro, talking to reporters after meeting with the Russian leader Russia’s invasion of Ukraine has sent shock waves through financial

markets. For Latin American countries, there is an upside of this terrible conflict, but the potential downside could be very steep. As commodity prices surge ― especially oil, gas and wheat, which are mostly produced by the two countries in armed conflict — some countries will see higher revenues on oil sales. Ecuador serves as an example. In a recent interview broadcast on social media, President Guillermo Lasso said the recent increase in oil prices could imply USD 25 in additional revenue per barrel for Ecuador. So far this year, he added, oil price hikes have translated to USD 100m in extra revenues for the country.


Assuming prices stay constant, Ecuador could pull in additional revenues of USD 1.7bn this year, according to an analysis from local economists Walter Spurrier and Alberto Acosta Burneo. Still, Lasso pointed out during his interview that his government would “not create permanent expenditures with temporary revenues.” But for companies like state-owned Pemex and Petrobras, higher oil prices will translate into higher fuel prices, eating into some gains from the rally.


by Maria Fernanda Blaser, Carla Dager and Edgar Sigler via REDD


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BNDES Director Offers New Insights on Development of Brazilian Blockchain Network
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority consensus mechanism. The final goal of this project is to move public spending to the network in order to increase the transparency of these fund movements.


Brazilian Blockchain Network Advances


The Brazilian Blockchain Network, a project that was conceived back in 2018, is now in its development phase. Gladstone Arantes, head of blockchain initiatives at the Development Bank of the country (BNDES), revealed new insights about the development and the technical data of the project. At the Ethereum.Rio event, Arantes stated the project had selected Hyperledger Besu 2.0 to be its base platform, and that the network would also be using a proof-of-authority consensus system.


Proof-of-authority means there will be no mining on top of the chain, and that state actors will maintain control of the network. This follows the premise of simplifying the operation of the blockchain, so it’s possible to be easily understood by anyone wanting to examine it.


by Sergio Goschenko via Bitcoin.com


Learn more

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Fusões e Aquisições continuam em tendência de alta no Brasil, acumulam 253 transações até fevereiro de 2022 e crescem 38,2% em relação ao mesmo período de 2021
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
M&A no Brasil. Análise da equipe de Corporate Finance da Kroll/ Kroll Brasil das atividades no primeiro bimestre de 2022


Em fevereiro de 2022 foram anunciadas 123 transações, número 15,0% superior ao mesmo mês de 2021 e, somando-se as 130 anunciadas em janeiro – 71,0% acima de janeiro de 2021, quando foram anunciadas 76 transações, registam-se 253 transações acumuladas no ano e crescimento de 38,2% no período em relação ao mesmo período em 2021.


Os setores de maior destaque continuam sendo associados, direta ou indiretamente, à tecnologia, e representaram aproximadamente 25% das transações anunciadas no período. Serviços financeiros (onde tecnologia também está fortemente presente), representaram cerca de 20%, sendo seguido por setores de serviços (B2B e ao consumidor), logística, mídia e entretenimento e produtos de consumo. Investidores estratégicos continuam liderando o número de transações anunciadas estando presentes em aproximadamente 61,0% das

operações.


Em relação a players destacaram-se no período de janeiro as transações da XP Inc. (aquisição do Banco Modal) por cerca de R$ 3,0 bilhões, do Pátria, adquirindo usinas hidroelétricas da Contour Global, a operação do Softbank adquirindo participação na Creditas e Gupy (rodada em que a Riverwood também participou), a Sinqia adquirindo a Lote45 e a Petz adquirindo a Petix. Principais 10 transações de janeiro somaram cerca de R$ 10,0 bilhões.


Ler análise na íntegra


Alexandre Pierantoni, Managing Director, Head of Brazil Kroll Corporate Finance

alexandre.pierantoni@kroll.com


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Petrobras and EIG near deal for Bolivia-Brazil gas pipeline
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters.


Petróleo Brasileiro SA, as the company is formally known, is expected to receive more than $500 million for the 51% stake in TBG, added one of the sources, who requested anonymity to discuss private negotiations. The bid could reach up to $1 billion depending on details of the talks.


Under negotiation is Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG), which operates the Brazilian section of the pipeline, called Gasbol.


The roughly 2,600 km (1,600 mile) pipeline system is the main transportation network for natural gas in the south of Brazil. It generated more than 900 million reais ($180 million) of operating profit for its owners in the first nine months of last year.


By Tatiana Bautzer and Gram Slattery via Reuters


Read full article.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Biden to Sign Crypto Order as Firms Face Sanctions Pressure
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
President Joe Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies, according to people familiar with the administration’s plans.


The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets, said the people, who asked not to be named discussing the deliberations. The White House’s approach to crypto has attracted fresh attention in recent weeks after the U.S. and its allies levied sanctions on Russia, prompting concerns that organizations and individuals could use crypto to evade the restrictions.


			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Inflation-Related Wage Changes Require Employers to Keep Their CP-Eye on the Prize
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
During his State of the Union address, President Biden indicated that getting inflation under control was a top priority, and to businesses he said, “Lower your costs, not your wages.” For many employers throughout the country, however, lowering wages has not been their response to the recent health or economic crises. And in parts of the country, by law wages are heading in only one direction—up—as many local minimum wage statutes adjust their rates to changes in the consumer price index (CPI). Below we provide not an economic forecast, but a forecast of what employers might expect to experience during these turbulent economic times so they can budget accordingly in the coming months and prepare for near-term (July 1) and future (January 1, 2023) mandatory wage rate changes.


During COVID-19, running a business has been anything but easy. We’ve all read about the “Great Resignation” causing “wageflation” (“a precipitous, unexpected and immediate rise in wages based on unique market forces,” per Forbes). And now with inflation, some companies might find themselves in an even more precarious situation. Although mid-year (July 1, 2022) minimum wage increases are still about four months away, some jurisdictions have already revealed what their rates will be; the changes are notable and demonstrate the impact rising inflation can have on wages in jurisdictions that adjust their minimum wage due to changes in the CPI.


On March 1, 2022, in New Mexico the minimum rates in both the City of Santa Fe and County of Santa Fe were CPI-adjusted from $12.32 to $12.95 per hour, an increase just above five percent. The District of Columbia announced that on July 1, 2022, its minimum wage will increase from $15.20 to $16.10 per hour, which is almost a six percent increase. To date, the highest announced increase belongs to the City of Los Angeles, California, where the annually adjusted minimum wage will increase on July 1, 2022 from $15.00 to $16.04 per hour, a boost close to seven percent.


By Sebastian Chilco via Littler


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Government Appoints Rodolfo Landim to Chair Petrobras Board
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing on Saturday night.


Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters he planned to step down as chairman of Petroleo Brasileiro SA , as the Rio de Janeiro firm is formally known.


“Petrobras chairman is a 24-hour job and I want to spend more time with my family,” Ferreira said, adding he has two grown children living outside of Brazil.


Ferreira will stay until the end of his term. A shareholder meeting to renew the company’s board is scheduled for April 13.


The replacement comes as Petrobras faces pressure from investors to raise fuel prices as oil approached $120 per barrel. The company controls gasoline and diesel prices in Brazil with more than 80% of the country’s refining capacity.


Ferreira declined to comment on Petrobras’ fuel price policy.


By Sabrina Valle via Reuters


Read full article































			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The Ukraine Conflict & Related Sanctions: What Is the Impact on Global Workforces?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Russian military’s recent invasion of Ukraine, and the related sanctions against Russia have many companies asking:  how does this chaos impact our workforces in those countries?  This broad question is answered below, with the caveat that these answers are subject to change, given the very fluid nature of the situation.


Background


As fighting between Russian and Ukrainian forces continues, the United States, United Kingdom, European Union, and a host of other jurisdictions have imposed sanctions against certain Russian corporate entities and individuals, as well as against the Russian state as a whole.  Thousands of global employers, especially those with operations in Russia and Ukraine, are bracing for the inevitable economic impact, as workforces and supply chains are disrupted, just as the region was starting to recover from the crippling effect of the COVID-19 pandemic.  Indeed, it appears that the sanctions have already bitten into the Russian economy, with the S&P lowering its credit rating to “junk” status.


What are the sanctions imposed? 


    

  • U.S. Sanctions
    • 



Financial institutions:  The U.S. Department of the Treasury has targeted the “core infrastructure” of Russia’s financial system, sanctioning multiple financial institutions, including Sberbank, VTB Bank, and their subsidiaries.1  The sanctions against VTB Bank (Russia’s second-largest financial institution) and three other Russian financial institutions freeze any of these entities’ assets touching the U.S. financial system (as well as the assets of any entity owned 50% or more by the sanctioned institutions) and prohibit U.S. persons from dealing with them.  The sanctions against Sberbank, Russia’s largest financial institution, effectively cut off Sberbank’s ability to conduct transactions in the U.S. dollar. The United States is also taking measures to freeze Russian Central Bank transactions and prohibit the bank from deploying its international reserves.


By Lavanga Wijekoon, Stephan Swinkels, Elizabeth Lalik, Raoul Parekh, Darren Isaacs, and Uliana Kozeychuk via Littler


Read full article 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil trade balance posts biggest February surplus in five years
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil posted a $4 billion trade surplus in February, the strongest performance for the month since 2017, official data showed on Thursday, amid higher volumes and prices of exported goods.


The monthly result topped the median forecast of a $3.55 billion surplus in a Reuters poll of economists, and was more than double the $1.8 billion surplus recorded in the same period a year ago.


According to the Economy Ministry, exports surged 32.6% from February 2021 to $22.9 billion, benefiting from a 22.6% expansion in volumes and a 13.5% increase in prices.


Imports rose 22.9% to $18.9 billion as a 30.9% rise in prices more than compensated for a decline of 2.5% in the volume of goods purchased by Brazil.


Reporting by Marcela Ayres Editing by Chris Reese, Kirsten Donovan via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Henrique Meirelles defende a privatização da Caixa
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
“O Brasil não precisa de dois grandes bancos públicos federais”, disse o ex-ministro


Em defesa da privatização completa da Caixa, o ex-ministro Henrique Meirelles, responsável por coordenar o plano econômico da candidatura do governador João Doria (PSDB) ao Palácio do Planalto, disse nesta quarta-feira, 2, que o Brasil não precisa de dois grandes bancos públicos federais.


Durante participação em webinar da Brazilian-American Chamber of Commerce, Meirelles considerou a venda da Caixa ao capital privado, num processo em que seria transferido ao Banco do Brasil o papel de financiador do programa nacional de habitação, como a melhor solução.


Por Eduardo Laguna (Agência Estado) via Esbrasil


Ler artigo na íntegra

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil central bank chief says higher interest rates, positive fiscal are supporting FX
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates to combat double-digit inflation are supporting financial inflows, strengthening the Brazilian currency.


Addressing a conference hosted by investment bank BTG Pactual, he also said positive fiscal figures are helping to attract investment to the country, among other reasons that explain the recent exchange rate behavior.


In the year, the real has already risen more than 10% against the dollar, the best global performance for the period, easing pressures on consumer prices after inflation reached 10.4% in the 12 months through January.


“In the exchange front, I think there are several variables. There is a variable that is the higher interest rate itself, which brings flows because of the interest rate differential,” said Campos Neto.


By Marcela Ayres via Reuters


Read full article here



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Shareholders approve Brazil’s Eletrobras privatization -report
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Shareholders of Brazilian state-run power company Eletrobras (ELET6.SA) approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources.


According to the report, the company’s shareholders approved 12 items at a general meeting, including its privatization.


Brazil’s government expects the privatization to happen through a share offering by mid-2022. Shares would be sold on Brazil’s Bovespa stock market and in the United States as American Depositary Receipts.


Reporting by Peter Frontini; editing by Richard Pullin via Reuters


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global Entry is now available for Brazilian citizens
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The U.S. Customs and Border Protection (CBP) announced the launch 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


Via United Airlines

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Itaú salta quase 6% após resultado do 4º tri; assista à análise
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
As ações do Itaú (ITUB4) registraram forte alta nesta sexta-feira, 11, após o banco superar as estimativas do mercado em resultado do quarto trimestre e apresentar suas projeções operacionais para este ano. Os papéis do banco chegaram a subir mais de 7% na máxima do dia, e encerraram o pregão com ganhos de 5,91%, liderando as altas do Ibovespa.


A forte valorização das ações do Itaú ocorrem dias após os resultados do Bradesco (BBDC4) e do Santander (SANB11) terem adicionado preocupações sobre o setor. Os papéis fecharam o dia negociados em firme alta, assim como os do Banco do Brasil (BBAS3), que irá reportar seus números na próxima semana.


Por Guilherme Guilherme via Exame invest


Ler artigo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Apesar de aversão ao risco no exterior, Ibovespa encerra com ganhos e dólar cai
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Principal índice da B3 subiu 0,29%, aos 113.899,19 pontos, enquanto a moeda norte-americana desvalorizou 0,44%, a R$ 5,219, no menor valor desde setembro


O Ibovespa teve ganhos de 0,29%, aos 113.899,19 pontos, nesta segunda-feira (14). Esse é o quinto avanço consecutivo, enquanto o índice resiste ao clima de aversão ao risco que tomou conta dos mercados globais em meio às tensões geopolíticas.


A bolsa operou estável ao longo do dia após um acirramento das tensões na Ucrânia na última sexta-feira (11), com os Estados Unidos afirmando que a Rússia já reuniu tropas suficientes para invadir o país.


O dólar também foi impactado com a notícia de que os Estados Unidos realocaram a embaixada na capital ucraniana para o oeste do país.


A moeda caiu 0,44%, a R$ 5,219 – o menor valor desde 6 de setembro do ano passado (R$ 5,176), com o real entre as divisas globais de melhor desempenho no dia, ainda embalado pelo atrativo juro oferecido pelo Brasil.


João Pedro Malar do CNN Brasil Business em São Paulo com informações de Priscila Yazbek e da Reuters


Leia artigo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Future of Health
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
How to transform BioPharma for the upcoming LIFEcare system


In the past years, healthcare systems and the pharmaceutical industry have undergone tremendous changes given technological, regulatory and socioeconomic disruptions. Covid-19 has further intensified and catalyzed these changes in healthcare systems and healthcare delivery. Among others, regulators paved the way for more dynamic and faster decision-making, approved novel technologies including digital health solutions and created new reimbursement pathways. In parallel, medical and biological research has made breakthroughs with emerging technologies including in-silico protein folding prediction, novel cell therapies and other treatment platforms. With those trends materializing, borders between industries continue to blur. This convergence of healthcare, technology and retail and consumer industries will lead to what we call the LIFEcare system. The critical question for each player in that new normal will be: Are you prepared and what’s your right to be successful in this changing future?


Our 2021 global Future of Health study, based on interviews with and survey responses from 150 senior healthcare executives, confirms our belief that this acceleration has only just begun. Over the next decade, the transformation of healthcare will in turn shape the road to success for BioPharma companies in an unprecedented way.


Based on the survey findings and our engagement with clients and partners, we expect the emergence of what we call the LIFEcare system, characterized by a convergence of wellcare and disease care systems. Overall, more than 75% of healthcare executives agree that LIFEcare systems will be widespread by 2035, especially in cardiovascular and metabolic diseases, oncology and neurology.


This adjustment will involve significant disruption of the BioPharma value chain. At the same time, we forecast that the creation of new opportunities in areas such as preventative care and personalized nutrition will lead to a two to threefold increase in the global wellcare, creating a total value pool of 2.8 to 3.5 trillion USD by 2030.


By PwC 


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil plans to unleash $707 mln in fresh agriculture subsidies
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Brazil’s government plans to unveil 3.7 billion reais ($706.73 million) in fresh agriculture subsidies after its initial allocation for the sector ran out amid sharp interest rate hikes, according to a source involved in the plan.


The source, who spoke to Reuters on condition of anonymity, said the government will soon sign an executive order announcing 800 million reais that will be allocated as credit to climate-affected producers in the south of the country, as well as farmers in the state of Mato Grosso do Sul.


Another 2.9 billion reais will be earmarked for subsidized loans to producers after the Treasury announced the suspension of these operations this week.


However, the funds for the subsidized loans are reliant on a bill that has yet to be sent to Congress, said the source, adding that the government is still studying what it can cut from this year’s budget to accommodate the new spending.


By Marcela Ayres via Reuters


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BTG Pactual Compra Carteira de Varejo da Planner Investimentos
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


O BTG Pactual fechou a aquisição da carteira de varejo da Planner Investimentos, que assim deixa de atuar na corretagem e assessoria de investimentos para a pessoa física.








A transação não envolve o CNPJ da corretora, que prosseguirá atuando no atendimento ao público institucional, em serviços como administração fiduciária, fundos, câmbio e operações estruturadas.


Desde que lançou o projeto do BTG Pactual Digital, em 2017, o banco já fez mais de uma dezena de aquisições, movimento que incluiu nomes da velha guarda, como Ourinvest, Necton e Fator, e também novatas como a dobradinha Empiricus/Vitreo, além de participações em corretoras nascentes com escritórios de agentes autônomos vindos da rede XP – caso de EQI, Lifetime, Arton Advisors e Acqua Vero. Tudo para ampliar a sua capacidade de distribuição.


A saída da Planner do segmento de varejo deixa para trás mais um nome tradicional do mercado de valores mobiliários no Brasil. Souza Barros, Magliano, Spinelli e Concórdia (que se juntaram para formar a Necton) não conseguiram investir em tecnologia a contento para fazer frente à concorrência das plataformas que nasceram digitais.


Por Adriana Cotias, Valor


Ler artigo na íntegra.





			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian bank BTG Pactual announces $177 mln share buyback program
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, Jan 11 (Reuters) – Brazilian investment bank BTG Pactual BPAC11.SA announced on Tuesday a new share buyback program, under which it expects to repurchase up to 1 billion reais ($176.58 million) in stocks within 18 months.


BTG Pactual said in a securities filing it aims to use its cash in an efficient way with the buyback plan, looking to “maximize the company’s capital allocation”. The repurchased units will be kept in treasury, it added.


Brazilian investment bank BTG Pactual BPAC11.SA announced on Tuesday a new share buyback program, under which it expects to repurchase up to 1 billion reais ($176.58 million) in stocks within 18 months.


BTG Pactual said in a securities filing it aims to use its cash in an efficient way with the buyback plan, looking to “maximize the company’s capital allocation”. The repurchased units will be kept in treasury, it added.


Reporting by Gabriel Araujo, Editing by Louise Heavens – Reuters / Nasdaq


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Elizabeth Bagley Nominated as next U.S. Ambassador to Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
President Biden Announces Nominees for Ambassadors and Key Roles


President Joe Biden announced his intent to nominate the following leaders to serve as key leaders in his administration:


    

  • Elizabeth Bagley, Nominee for Ambassador Extraordinary and Plenipotentiary to the Federative Republic of Brazil
    • 

  • Jane Hartley, Nominee for Ambassador Extraordinary and Plenipotentiary to the United Kingdom of Great Britain and Northern Ireland
    • 

  • Alexander Laskaris, Nominee for Ambassador Extraordinary and Plenipotentiary to the Republic of Chad
    • 

  • Alan Leventhal, Nominee for Ambassador Extraordinary and Plenipotentiary to the Kingdom of Denmark
    • 

  • Kathryn Huff, Nominee for Assistant Secretary for Nuclear Energy, Department of Energy
    • 

  • Deborah Coen, Nominee for Member of the National Council on the Humanities
    • 

  • William Brodsky, Nominee for Member of the Securities Investor Protection Corporation
    • 



Elizabeth Bagley, Nominee for Ambassador Extraordinary and Plenipotentiary to the Federative Republic of Brazil


Elizabeth Bagley has worked in diplomacy and the law for over four decades. Her diplomatic experience includes service as Senior Advisor to Secretaries of State John Kerry, Hillary Clinton, and Madeline Albright. She has also served as Special Representative to the United Nations General Assembly, Special Representative for Global Partnerships, and United States Ambassador to Portugal.


Bagley is currently the owner and Board member of SBI., a cellular communications company in Show Low, AZ. Previously, Bagley served as Of Counsel to Manatt, Phelps law firm in Washington, D.C., specializing in international law. She also worked as Adjunct Professor at Georgetown University Law Center and as Associate Producer for ABC News in Paris, France and Washington, DC. Earlier in her career, Bagley served in the State Department as congressional liaison for the Panama Canal Treaties, Special Assistant for the Camp David Accords and Congressional liaison to the Conference on Security and Cooperation in Europe (Helsinki Accords) in Madrid, Spain. Bagley earned a B.A. at Regis College, Weston, Massachusetts, and a J.D. at Georgetown University Law Center.


She is the recipient of numerous honors, including the Secretary of State’s Distinguished Honor Award, the Meridian International Public Diplomacy Award and the Grand Cross of Prince Henry the Navigator, Portugal’s highest civilian honor.


Via The White House


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Inaugural Social Bond Offering by Banco do Brasil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


Shearman & Sterling advised Banco do Brasil, acting through its Grand Cayman Branch, in connection with the offering of an aggregate principal amount of US$500 million 4.875 percent social bonds due 2029 issued under its Euro Medium Term Note Program.


Banco do Brasil’s Sustainable Financing Framework aligns with the International Capital Markets Association’s 2021 Green Bond Principles, 2021 Social Bonds Principles and 2021 Sustainability Bonds Guidelines, among other principles. Banco do Brasil intends to allocate an amount equal to the net proceeds from the issuance of the social bonds to finance or refinance existing or future social projects, including affordable housing, SME finance and microfinance, socioeconomic advancement and empowerment and access to essential services.


This transaction represents the continuation of the Firm’s long-standing relationship advising in connection with debt and equity securities offerings by Banco do Brasil.


Via Shearman & Sterling


Read full article here.





			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Fintech and Insurtech Innovation in Brazil Set to Take Off on Regulatory Tailwinds
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Startups and VCs see opportunities in open banking, finance and insurance


Brazilian instant payment system Pix ended 2021 having powered more than 8 billion transactions, according to statistics from the country’s Central Bank. This is quite an impressive figure for an offering only launched in November 2020 and goes to show how ubiquitous Pix has become in the country.


You could describe Pix as “a government-built version of Venmo,” as João Pedro Thompson, founder of fintech Z1, told TechCrunch. However, the analogy doesn’t fully capture the fact that Pix appeals to many more than just digitally savvy teenagers repaying friends for coffee. Otherwise, it wouldn’t be used by six of 10 Brazilians.


In a country where many people are still unbanked and queuing to pay bills is part of daily life, the impact of being able to pay anyone instantly can’t be understated. In addition, Pix now supports more services, such as letting you withdraw cash from businesses.


It’s interesting that Pix is an institutional initiative, part of a wider range of public efforts to transform Brazil’s financial landscape. “The Central Bank has been doing a tremendous job and Pix is one of the most relevant structural changes,” Brazilian VC Bruno Yoshimura told TechCrunch when we wrote about Latin America’s fintech boom.


By Anna Heim via TechCrunch


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
JPMorgan’s Marko Kolanovic Says It’s Time to Buy the Dip in Stocks
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
JPMorgan Chase & Co. strategists led by Marko Kolanovic say it’s time to start buying the dip in the U.S. stock market.


“The pullback in risk assets in reaction to the Fed minutes is arguably overdone,” Kolanovic wrote in a note to clients Monday. “Policy tightening is likely to be gradual and at a pace that risk assets should be able to handle, and is occurring in an environment of strong cyclical recovery.”


Stocks have tumbled, sending the S&P 500 to the worst start of a year since 2016. Richly valued technology shares have borne the brunt of the selling as traders ratcheted up their expectations for rate hikes from the Federal Reserve.


ByLu Wang via Bloomberg


Read full article here.











			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Petrobras to start testing renewable diesel with customers in January
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


Brazil’s state-run oil company Petrobras (PETR4.SA) will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company’s refining director told Reuters.


The tests are expected to take about six months and will be backed by a fuel distributor and a bus fleet owner, whose names are yet to be revealed, Petrobras’ refining director, Rodrigo Costa, said.


The oil giant had successfully tested the renewable diesel production system at its Repar refinery in mid-2020, but it sees the new testing phase as important in confirming its effectiveness.


Repar is currently capable of producing 114,000 tonnes per year of renewable fuel based on co-processed soybean oil.


Reporting by Marta Nogueira in Rio de Janeiro Writing by Gabriel Araujo Editing by Matthew Lewis via Reuters


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s BNDES postpones public hearing on Eletrobras privatization to January
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian state-run power company Eletrobras (ELET6.SA) said on Monday that a public hearing to be held by state development bank BNDES on its privatization process has been postponed to Jan. 5 from Dec. 22.


Centrais Eletricas Brasileiras SA, as the company is formally known, did not provide details on the delay. The Brazilian government expects to privatize the company by the second quarter of 2022, according to Mining and Energy Minister Bento Alburquerque.


Reporting by Gabriel Araujo. Editing by Jane Merriman via Reuters


See original article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Vax Up, Speak Up, or Stay Home: New York City Issues New Guidance on Vaccination Mandates for Private Workplaces and the Key to NYC Pass
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				




As previously reported, New York City’s vaccination mandate for private employers goes into effect on December 27, 2021. This measure, issued as an order from the New York City health commissioner in response to a public health emergency, mandates that all private employers require proof of vaccination from all workers entering the workplace. On December 15, 2021, New York City published its guidance on the mandate as well as Frequently Asked Questions (FAQs). Separately, Mayor de Blasio issued a revised emergency order expanding the Key to NYC Pass for covered businesses to require employees and patrons, including children five years old and up, to be vaccinated to enter these indoor establishments. All this comes on the heels of New York State’s December 13, 2021 mask order, which requires that individuals wear masks in all indoor public places unless there is proof of vaccination as a condition of entry. This insight summarizes the takeaways for employers operating in NYC.








Private Employer Update


Step One: Understand the Mandate.


Businesses may not allow any unvaccinated workers to enter the workplace after December 27, 2021 for the duration of the mandate, unless a reasonable accommodation has been made. A “workplace” is “any location — including a vehicle — where you work in the presence of at least one other person.”


Importantly, the new mandate does not apply to workplaces already covered by other federal, state or local mandates, including the Key to NYC Pass, discussed separately below, and the Centers for Medicare and Medicaid Services (CMS) mandate.1


Step Two: Verify & Record Vaccination Status of Employees.


Employers are expected to verify and document the vaccination status of all workers who regularly enter the workplace by December 27, 2021.2 There are three ways to do this:








    

  1. A worker’s record can be a copy of their proof of vaccination or a record of a reasonable accommodation with supporting documentation.
    2. 

  2. Businesses can create their own paper or electronic record that includes the following information for each worker:

      

    1. Worker’s name
      2. 

    2. Whether the worker is fully vaccinated
      3. 

    3. For workers who submitted proof of the first dose of a two-dose vaccine, the date by which they must provide proof of a second dose (no later than 45 days after submitting proof of the first dose)
      4. 

    4. Record of reasonable accommodation with supporting documentation
      5. 

    

    3. 

  3. Businesses may check each worker’s proof of vaccination before they enter the workplace each day. They must keep a record of each verification.
    4. 









By Devjani Mishra, Mark Phillis, Lisa Griffith, Daniel Gomez-Sanchez, Emily Haigh, and Sanjay Nair via Littler


Read full article here.



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Governo Brasileiro Publica Novas Portarias Relacionadas a Procedimentos de Investigações de Defesa Comercial
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


A Secretaria de Comércio Exterior, do Ministério da Economia, publicou quatro novas Portarias relacionadas a procedimentos de investigações de defesa comercial, principalmente investigações antidumping. As Portarias disciplinam práticas já adotadas pela Subsecretaria de Defesa Comercial e Interesse Público e determinam critérios para a utilização de disposições previstas de forma não detalhada no Decreto nº 8.0858/2013.














​Em 29 de novembro de 2021, a Secretaria de Comércio Exterior (SECEX), do Ministério da Economia (ME), publicou quatro novas Portarias relacionadas a procedimentos de investigações de defesa comercial, principalmente investigações antidumping (AD). As Portarias disciplinam práticas já adotadas pela Subsecretaria de Defesa Comercial e Interesse Público (SDCOM) e determinam critérios para a utilização de disposições previstas de forma não detalhada no Decreto nº 8.0858/2013.


Via Veirano Advogados


Ler artigo na íntegra.











			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
AmEx, fintech startup expand ‘credit passport’ to Brazilian immigrants
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
American Express and a San Francisco-based fintech startup are offering tens of thousands of Brazilians in Massachusetts a chance to use their credit histories from their native country to build their credit in the U.S.


American Express and Nova Credit announced Tuesday the opening of eligibility for their “credit passport” to Brazil, as well as the Dominican Republic, Kenya and Nigeria. That’s in addition to Australia, Canada, India, Mexico and the United Kingdom and other countries added in the two years the companies have worked together.


“In a nutshell, we can take an immigrant who would have otherwise been rejected because they don’t have a US credit file and we’re able to get them approved and access their journey of building their own U.S. credit file,” said Misha Esipov, co-founder and CEO of Nova Credit.


By Steph Solis  –  Digital Editor, Boston Business Journal


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global Digital Trust Insights Survey 2022
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Simplificar para reduzir riscos cibernéticos


As conexões digitais se multiplicam e formam teias cada vez mais emaranhadas de novas tecnologias. Isso faz com que os processos necessários para gerenciar e manter toda essa rede – inclusive a segurança cibernética – também se tornem mais e mais complicados.


Alguma complexidade é necessária e até desejável no atual contexto. Por exemplo, ter um telefone capaz de fazer muito mais do que chamadas simplifica a nossa vida, pois permite carregar vários dispositivos no bolso – gravador de voz, câmera, calendário, relógio, TV, uma biblioteca inteira de livros, entre outros.


Mas há uma complexidade desnecessária, nociva, e os altos executivos já perceberam isso. Para 77% dos líderes brasileiros que participaram da nossa pesquisa Digital Trust Insights 2022 (75% no mundo), as organizações se tornaram complexas demais para serem protegidas. Membros da diretoria, do conselho e líderes de TI e segurança estão preocupados que essa dificuldade desnecessária e evitável exponha suas organizações a riscos cibernéticos e de privacidade.


A PwC Research, o centro de excelência global da PwC para insights e pesquisas de mercado, conduziu a pesquisa Global Digital Trust Insights, antes conhecida como Global State of Information Security Survey (GSISS).


Ler conteúdo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Nubank debuts with $52 bln market cap, becomes Brazil’s third most valuable public firm
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Digital lender Nubank’s (NU.N) shares opened 25% above the offer price in their stock market debut on Thursday, giving the company a market capitalization of nearly $52 billion, making it the third most valuable listed firm in Brazil.


At that valuation, the Sao Paulo-based fintech, backed by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), is only behind commodities players Petrobras (PETR4.SA) and Vale (VALE3.SA).


On Wednesday, Nubank priced its initial public offering at the top end of a range it had lowered earlier due to concerns over a global rout in technology stocks, to raise nearly $2.6 billion. The offer was eight times oversubscribed, one source with knowledge of the matter said.


The flotation comes as a record year for U.S. listings, which saw heavyweights like Coinbase (COIN.O) and Robinhood (HOOD.O) go public, draws to a close.










Reporting by Niket Nishant in Bengaluru, Carolina Mandl and Tatiana Bautzer in Sao Paulo, Echo Wang in Taos, New Mexico, Krystal Hu and David French in New York; Editing by Krishna Chandra Eluri and Shailesh Kuber via Reuters
















			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil will have sold off dozens of airports by end of 2022, government says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


Brazil is auctioning airports in what the government describes as a bid to raise investments and modernize infrastructure.




Sixteen airports will be auctioned — including Congonhas in São Paulo, and Santos Dumont in Rio de Janeiro — by the end of 2022, the government said in a tweet Wednesday.




They add to the 34 airports already auctioned by Brazil since 2019, which raised around 34 billion Brazilian real (US$ 6 billion), the government said.




“It is strategic for Brazil to transfer control of airports to the private sector in order to increase investments and the quality of services,” it added.




By Hande Atay Alam, CNN




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
PicPay wants to become Brazil’s superapp and attract WhatsApp conversations
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Born as a financial application to facilitate banking transactions, PicPay is becoming a “super app”, a solution that integrates several services in one place. According to Luiz Fernando Diniz, head of Social at the startup, the company wants to embrace more and more functions, especially from social networks, and be the home of interactions on other platforms, such as WhatsApp.


In an interview with TecMundo, the company executive made it clear that it aims to be a “Brazilian WeChat”. The Chinese app is known for encompassing payment services, marketplace, and social functions, all in just one app.


By The Rio Times


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Biden Administration Issues New Executive Order to Restrict International Travel in Response to Omicron Variant of COVID-19
					

						Posted on 					

									


			

		

	



	

		

			

				
Between January 25, 2020 and February 29, 2020, the former administration issued three separate executive orders restricting travel from China, South Africa, Brazil, the Republic of Ireland, the United Kingdom, and the Schengen region of Europe as a measure to reduce the spread of COVID-19. President Biden extended each of these proclamations on January 21, 2021, which remained in place until withdrawn by executive order on October 25, 2021. Under this executive order, all COVID-19 travel bans were lifted effective November 8, 2021, and replaced with mandates for vaccinations and proof of negative COVID-19 testing prior to international travel.


By Jorge Lopez and Sarah Holler via Littler


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Biden mantém comando do BC dos EUA: entenda o que isso significa para a economia
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Alta da inflação influenciou a decisão do presidente de continuidade em política monetária, segundo analistas


Ao escolher manter Jerome Powell em seu cargo, Joe Biden provou que aprendeu uma lição valiosa com o ex-presidente Barack Obama sobre a importância da continuidade ante o partidarismo durante tempos econômicos desafiadores.


O atual presidente do Federal Reserve, o banco central dos Estados Unidos, foi indicado para o cargo pelo ex-presidente Donald Trump em 2017.


Assim como Obama manteve Ben Bernanke no cargo após a Grande Recessão de 2008, apesar de ter sido indicado pelo republicano George W. Bush, Biden reconheceu que faz sentido manter Powell para que ele possa continuar no comando da recuperação pós-Covid.


Por Paul R. La Monica via CNN Business


Ler artigo na íntegra.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Investimentos e Parcerias Fazem do Ceará Pioneiro em Hidrogênio Verde
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
O estado aposta na formação de um ecossistema de desenvolvimento do combustível do futuro, debatido em um seminário internacional online e gratuito.


“Acredito que um dia a água será usada como combustível, que o hidrogênio e o oxigênio que a constituem, usados de forma isolada ou simultânea, oferecerão uma fonte inesgotável de calor e luz a uma intensidade superior à do carvão mineral”.


Em mais de uma ocasião, a previsão do escritor Júlio Verne, publicada em 1875 no romance A Ilha Misteriosa, foi citada no Centro de Eventos do Ceará na manhã de 14 de outubro. Diante de uma plateia híbrida, composta por participantes presenciais e com transmissão gratuita pela internet, 14 autoridades e especialistas se revezaram no Seminário Internacional Hidrogênio Verde no Ceará.


By Governo do Ceará via Valor Econômico


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Banco do Brasil beats profit estimates and lifts 2021 outlook
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian state-controlled lender Banco do Brasil SA on Monday beat analysts’ estimates for third quarter profit and said it is likely to post a full-year net income higher than it had previously forecast.




The bank sees its recurring net income, which excludes one-off items, at up to 21 billion reais ($3.81 billion), or 1 billion reais higher than before, as its loan book is poised to expand faster.




Recurring net income came in at 5.139 billion reais, up 47.6% from the same period a year earlier, and above an analysts estimate compiled by Refinitiv of 4.496 billion reais. Its return on equity came in at 14.3%.


Its net interest income, a measure of earnings on loans minus deposit costs, rose 11.9% year-over-year to 15.683 billion reais, driven by lending and trading gains.


By Carolina Mandl/Reuters via Yahoo Finance.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Clients Embed ESG Principles into Collateral Management Leveraging BNY Mellon ESG Data Analytics
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
NEW YORK, Nov. 15, 2021 /PRNewswire/ — Market participants are now able to apply their environmental, social and governance (ESG) principles to the assets they are willing to accept as collateral, utilizing innovative ESG Data Analytics by BNY Mellon.


In a milestone development for the collateral industry, international collateral management clients using BNY Mellon’s electronic collateral schedule manager, RULE, now enjoy the capability to digitally express their ESG preferences by leveraging ESG ratings and indexes. The firm’s US clients are able to take advantage of these same ESG eligibility capabilities by updating their schedules using the current US methodology.


The functionality draws on MSCI ESG Ratings through BNY Mellon’s ESG Data Analytics. These ratings assign ESG scores to securities under three distinct pillars: an environmental score, a social score and a governance score. These three scores are then adjusted and aggregated into a final ESG letter rating, from AAA to CCC.


The ESG Data Analytics incorporate these MSCI ESG Ratings into clients’ collateral eligibility decisions via the schedule manager. In practice, this means collateral receivers and providers can agree that only securities with a certain ESG rating are acceptable as collateral.


“Rolling out this capability takes RULE, a proven technology that has already transformed the process of negotiating collateral schedules, and expands it into a very crucial and topical area of focus for the industry,” says Brian Ruane, CEO of Government Securities Clearing Corp., Clearance & Collateral Management and Credit Services at BNY Mellon. “Now, through the incorporation of capabilities from ESG Data Analytics, a client can bring their ESG priorities into negotiations around acceptable collateral, adding an entirely new dimension of utility to the platform.”


MSCI ESG Ratings represent just the first input into BNY Mellon’s ESG collateral management capabilities in what will be an iterative process of further honing the sophistication of the Data Analytics’ patent-pending ESG mapper. In future releases, BNY Mellon expects to add supplementary ESG data to clients’ ability to express their ESG preferences, making the offering even more responsive to their environmental, social and governance goals.


Launched in 2019, RULE affords collateral providers and receivers the ability to negotiate collateral schedules, establishing which assets each party is willing to accept as collateral in real time. The electronic platform has transformed a time-intensive, labor-intensive, paper-based negotiation that commonly took weeks to complete, reducing the negotiation period to a matter of hours.


BNY Mellon’s ESG Data Analytics helps institutions reach their sustainable investment goals by employing a unique combination of crowdsourcing and data science to enable them to benchmark their ESG principles against their peers. The Data Analytics also help clients customize and monitor portfolios in alignment with their sustainability missions, address demonstrability concerns and support evolving standards for ESG implementation practices.


ABOUT BNY MELLON

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.


Contact:


Peter Madigan

peter.madigan@bnymellon.com

+1 212 815 2308


Nina Truman

nina.truman@bnymellon.com

+1 212 815 2006


SOURCE BNY Mellon

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BTG Pactual reports record revenue and net income for the second consecutive quarter, totaling R$3.8bn and R$1.8bn, respectively
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Bank posted strong growth in all business lines, maintaining robust capital and liquidity metrics


BTG Pactual (BPAC11) reported, for the second consecutive quarter, record revenues and net income of R$3.8bn and R$1.8bn, respectively. BTG also posted its second highest Net New Money (NNM) in history of R$88bn, only below Q2´s R$98bn, which included R$12bn from the acquisition of Necton (inorganic NNM reported last quarter). As a result, the amount of Assets under Management and Wealth under Management (AuM/WuM) achieved R$942bn.


“We reported another quarter of record results with strong net inflows, robust capital and liquidity metrics and a high-quality credit portfolio growth. I would like to thank our clients for recognizing the quality of our business, supported by the seven awards granted to us during the quarter”, stated Roberto Sallouti, CEO of BTG Pactual.


Via PR Newswire


Read full article here.


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global Economy Watch: Is High Inflation Back for Good?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
High levels of inflation in most advanced economies (AEs) is starting to make some policymakers, households and some of our clients nervous. The real question is whether this is temporary or something that will last longer? To answer this question, this edition of Global Economy Watch disentangles the inflation dynamics we see in AEs and analyses the arithmetic, demand and supply side drivers.


The arithmetic driver tells us that some of the increase in the inflation rate in the first half of the year is due to ‘base effects’. Shutting down and reopening segments of the economy has led to erratic price changes. These have led to statistical oddities which will gradually fade.


On the demand side, even though the  rebound has been strong in the G7 (the Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States), most are  still operating with a significant degree of  slack or an output gap. The International Monetary Fund (IMF) estimates that this will persist for a few years for all of  the G7 except the United States (US). However, the  employment data suggests that even the US  labour market is operating with significant  slack. On balance, we think that the risk of  demand-pull inflation is low.


Via PwC


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Why LatAm’s fintech boom is more than hype and superlative venture investment
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
For all the startup markets in the world, fintech in Latin America is one of the hottest. Capital is flowing into the region’s financial technology companies at a slicing pace, leading to a wave of startups that are building private-market value at a simply astounding rate.


The sheer volume of capital flowing into LatAm fintech startups may appear overheated, but several reasons explain why the flood makes sense. This isn’t to say that every deal and every resulting valuation markup is logical. But there are several factors in play that make the booming venture capital totals these companies are raising more reasonable than they might initially appear.


Regulatory tailwinds in select markets are helping build momentum for fintech products. Also, several startups — we’ll speak to Pomelo and Belvo below; Swap is another example — are working to build infrastructure that should help bring more financial services to market.


By Alex Wilhelm, Anna Heim via TechCrunch.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil, Colombia Lead Latin America for FinTech Growth
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The FinTech trade is flourishing in Colombia, with an expansion of 120% each year and investments of more than $1 billion in the past three years, according to a report from the FinTech Times. Brazil is the fifth-largest FinTech market worldwide, earning more than 70% more investment in 2020 than in 2019, according to the report. The countries’ success is helping to align Latin America’s FinTech advancements with Asia and the U.S., according to the article.


Since the COVID-19 pandemic, online banking services and FinTechs have overwhelmingly set up shop in Colombia, making the country the third-largest FinTech epicenter in Latin America after Brazil and Mexico, according to PYMNTS.


In addition, a recent study found that 40 percent of Colombian consumers are purchasing products digitally, with eCommerce sales anticipated to reach $6 billion to $8 billion by the end of 2022, according to PYMNTS.


By PYMNTS


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Investment in Brazilian Startups Is Booming
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Venture-capital funding in Brazil tops countries including South Korea and Indonesia, even in a slow-growth economy with macroeconomic risks


Risky investment bets on young technology entrepreneurs in Brazil are starting to pay off. That is spurring a boom in startup financing in a country long dominated by entrenched corporate giants.


Digital banking startup Nubank, founded in 2013 just before a sharp economic decline, has attracted investors such as Berkshire Hathaway Inc. and will soon hold an initial public offering in New York. In May, online services marketplace GetNinjas made its debut on Brazil’s stock exchange. Two months earlier, enterprise software company RD Station was purchased for $330 million in one of the country’s largest ever software deals.


By Vinod Sreeharsha via The Wall Street Journal


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian insurtech Justos raises $35.8M in Ribbit Capital-led Series A
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital.


SoftBank’s Latin American Fund and GGV participated as new investors, in addition to existing backers Kaszek, BigBets, Nubank CEO David Velez and Kavak CEO Carlos Garcia Ottati.


In May, Justos had announced a $2.8 million seed raise that included participation from Kaszek, one of the largest and most active VC firms in Latin America, and the CEOs of several unicorns including Assaf Wand, CEO and co-founder of Hippo Insurance; Sergio Furio, founder and CEO of Creditas; Patrick Sigrist, founder of iFood and Fritz Lanman, CEO of ClassPass. Senior executives from Robinhood, Stripe, Wise, Carta and Capital One had also put money in the round.


By Mary Ann Azevedo via TechCrunch.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How Governments Can Push Towards a Better Tomorrow
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
World leaders face six interconnected challenges, and although approaches and solutions will differ by country, taking key actions will benefit all.


The year 2020 was full of challenges for world leaders. No country was spared from the COVID-19 pandemic or the related economic, educational and national security crises. Issues of climate change became even more acute than they already were, with a record number of natural disasters, including fires, hurricanes and droughts. And geopolitical instability became a shared experience within and across nations, affecting countries that have been fragile for a long time and those that were previously viewed as stalwarts of democracy and stability. These challenges persist in 2021.


Citizens and businesses are looking to their government leaders to help them navigate and emerge stronger from these large-scale, complex problems. Most stakeholders have accepted that going back to the way things were in 2019 is not an option—or even a goal. Thinking ahead to 2022, they want a better future, informed by the lessons of 2020 and now 2021.


Via PwC


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cash-Rich Tech Companies Are Remaking Post-Pandemic Manhattan
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
High-profile purchases, leasing deals and hiring have seen technology companies threaten to upend Wall Street’s historic role as New York’s dominant industry.


Google made waves in Manhattan real estate when it bought the iconic Chelsea Market and its 2.9 million-square-foot New York headquarters building within a few years of each other in the past decade. The technology giant followed up last month with the largest U.S. real estate transaction since the pandemic, a $2.1-billion purchase of the under-construction St. John’s Terminal.


Google’s takeover of Manhattan’s West Side has been mirrored to varying degrees by Amazon, Microsoft, Apple, Facebook and Salesforce, each of which has established a campus in the city.  The surge in real estate occupancy shows how technology companies are rapidly displacing counterparts in banking and finance as the city’s biggest industry in the aftermath of the pandemic: Big tech also leads in employment growth and by volume of companies.


Two decades ago, Tim Armstrong, 50, became Google’s first New York-based employee. “If you were having a cocktail party for all the people who worked in the internet in New York, you could fit them all in a bar,” Armstrong says. “Now I’m guessing you’d have to take over Madison Square Garden, plus the Javits Center to fit everybody in.”


By David Jeans via Forbes.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BNY Mellon Utilizes Blockchain to Digitize Working Capital in Global Trade Finance
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.


Through its participation in the Marco Polo Network, BNY Mellon is now able to more efficiently insert liquidity into the international supply chain, providing supply chain finance solutions including both payables financing and receivables discounting to suppliers shipping goods and services to their buyers around the world.


The Marco Polo Network is a consortium of approximately 45 banks that provides an open software platform for trade, payments and working capital financing to banks, corporates and other market participants. It is a cloud-based blockchain-powered network that allows the seamless, secure and fast exchange of trade data assets in a multi-channel environment.


Utilizing Marco Polo, BNY Mellon will not only provide financing to suppliers, but will also have real-time visibility into trade finance instruments and their status, such as purchase orders and invoices.


By PRNewswire.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Legal Insights From Brazil to Start Your Week
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Finance | 5 Key Points About FIAGRO – The New Brazilian Agribusiness Fund






Finance | 5 Key Points About FIAGRO – The New Brazilian Agribusiness Fund


FIAGRO – the new Agribusiness Investment Fund is now actively being used by fund managers to finance the Brazilian agribusiness and acquire rural land, with BR$ 2 billion been raised since August.


Created by Federal Law 14.130 and regulated by the Brazilian CVM Resolution 93, there are already 17 FIAGROs-Real Estate launched to invest mostly in CRAs (ag receivables securities), but also in rural land, and 3 FIAGRO-Receivables to finance CPRs (rural product note).


Due to the success of such new fund’s category, we list below 5 key points about FIAGRO tha may be of investors and fund managers interest:


1. What is FIAGRO: it is an investment fund regulated by CVM dedicated to grant credit, acquire rural land, M&A, asset and wealth planning, among others, in agribusiness.


2. What are the 3 categories of FIAGROs and their target assets: CVM has experimentally authorized 3 categories of FIAGROs:


(i) “FIAGRO-Receivables” take the form of “FIDC” and may invest in agribusiness receivables and securities backed by agribusiness receivables, including CRAs and CPRs;


(ii) “FIAGRO-Real Estate” takes the form of “FII” and may invest in rural lands and real estate receivables related to rural land, including CRAs and CRIs;


(iii) “FIAGRO-Participations” take the form of “FIP” and may invest in equity interests in companies that explore activities in the agri-industrial chain, including convertible securities. 


3. Who can benefit from FIAGROs: FIAGROs can be used by Brazilians and foreigners, including (i) lenders and fintechs, as a vehicle for credit and advance of receivables, (ii) real estate investors, as an investment vehicle for acquisition of rural lands in Brazil aiming at exploration, rural partnerships, land value appreciation, etc. (observing the legal restrictions for foreigners), (iii) Venture Capital, Private Equity and investors in general, as a vehicle for equity investment in agribusiness companies, and (iv) agribusiness family groups/companies, for asset, wealth and fiscal planning. 


4. Favorable Taxation of FIAGROs: in the same way as real estate funds, income distributed by FIAGROs to individual shareholders will be exempt from income tax, provided that (i) the fund has more than 50 shareholders, (ii) the respective shareholder does not holds more than 10% of the fund’s equity or earnings, and (iii) the shares are listed in exchange or over the counter.


As for investments, investments made by FIAGROs in CRAs, CRIs, CPRs, CDA/WAs, CDCAs are not subject to withholding income tax.  


5. Favorable Taxation in FIAGROs’ Capital Contribution: FIAGROs shares may be paid-in in cash, assets and rights, including real estate (rural land, among others). The payment of income tax arising from the capital gain on the shares paid-in with rural property by an individual or legal entity may be deferred to the date defined for the moment of sale of these shares or redemption.


The volume of 20 FIAGRO operating evidences the importance of this category of funds for the market. FIAGROs will allow Brazilian and foreign investors, lenders, fintechs, insurance companies and family groups to invest and finance the sector with legal certainty and tax efficiency.






Tax | 3 Tax Aspects of Cost Sharing Agreements in Brazilian Corporate Groups


Corporate groups can centralize the costs of common services (intermediate activities) among them in a single company of the group and then share the costs – this arrangement can be structured under a cost sharing agreement.


It is essential to consider, when drafting and performing the contract, that the tax burden over the reimbursements by other companies to the centralizing member can vary significantly in Brazil.


The “Brazilian IRS” (Receita Federal do Brasil) has already analyzed and established some aspects to be considered of domestic cost sharing agreements (Brazilian corporate groups) over the years. There are three key points to highlight:


1. Definition: a cost sharing agreement for tax purposes is the contract that conveys an operating structure created to centralized expenses in a centralizing member of the corporate group, without any profit margin or revenue markup on the amounts transferred, and, afterward, share costs within the group for the only purpose of economic efficiency. It is not to be confused with intragroup services nor contribution to costs between companies within the same corporate group.


2. Requirements to constitute reimbursement of expenses by cost sharing agreement (and not revenue, profit, price): (a) goods and services proven to be received and effectively paid; (b) necessary, usual and normal expenses to the activities of the companies (not eventual expenses); (c) the expenses apportionment being made must be according to reasonable and objective criteria, previously adjusted, formalized by an instrument signed between the companies (written contract); (d) the apportionment criteria must correspond to the actual expenses of each company and consider the global price paid for the goods and services, according to proper bookkeeping; (e) the centralizing company can only consider “expenses” the portion that fits the apportionment criteria (as well as other member companies benefiting from the agreement), indicating the amounts to be reimbursed as a recoverable credit in the bookkeeping; (f) the member companies must keep separate bookkeeping of all acts directly related to the apportionment of the expenses; (g) there can be no profit margin or revenue markup on the amounts transferred (reimbursements); (h) the amounts cannot constitute payment for services provided by the centralizing company.


3. Non-taxation of reimbursements: if the above requirements are met, the amounts related to the cost sharing agreements received by the centralizing member from other members of the corporate group are considered just reimbursements. So, there will be no taxation over this transfers by Corporate Tax (IRPJ) and Social Contribution on Profits (CSLL), nor by Social Security Contributions on Gross Revenue (PIS and COFINS).


From a tax efficiency point of view, it is essential to strictly observe the criteria established by the Brazilian IRS when stablishing a cost share agreement structure, performing the contract and doing the bookkeeping.


The tax and, consequently, financial impacts are enormous, depending on whether transfers are characterized as simple reimbursement of costs from a cost sharing agreement or not.


By Feijó Lopes Advogados












			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Santander Spins off Merchant Payment Business Getnet Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Global banking leader Santander announced today the spinoff of their merchant payment business, Getnet Brazil. Beginning October 18th, Getnet will be listed on the B3 Exchange in Brazil, and on the Nasdaq beginning Oct 22nd. Santander sees the spinoff as the first step toward building Getnet into a global merchant acquiring business.  Already the 3rd largest acquirer in Brazil and number one in eCommerce processing, Getnet is planning a major expansion through the LatAm regions, into the UK, and eventually the North American markets. Getnet has doubled its market share in Brazil in just 5 years, and today services more than 1.2 million merchants in Brazil, Mexico, Argentina, Chile, Uruguay and parts of Europe.


The spin-off of Getnet Brazil, which was a wholly owned subsidiary of Santander Brazil, is part of Santander Group’s plans to create a global merchant acquiring franchise under the Getnet brand as part of PagoNxt – a technology-focused global payment fintech fully owned by Santander to integrate the bank’s most innovative and disruptive payments franchises.


by Don Apgar via PaymentsJournal.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Hopes and fears 2021 – The views of 32,500 workers
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Workers want more digital skills, more inclusivity, and more flexibility


In one of the largest global surveys of workers, people revealed a mostly optimistic story, but one with some concerning undercurrents. Workers reported feeling excited or confident about the future. Most said they believe they can meet the challenges of automation — and they proved it during the pandemic: by learning new digital skills and by quickly adapting to remote work. Yet many people think their job is at risk, and half of all respondents feel they’ve missed out on career opportunities or training due to discrimination.


PwC is committed to highlighting the issues surrounding the digital divide and the societal and economic benefits of greater private-public collaboration on upskilling and reskilling. There’s a lot more to do to create more diverse, inclusive workplaces that allow everyone to give their best.


By PwC.


Learn more here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Dia do Turismo: 10 bilionários brasileiros que fizeram fortuna no setor
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Nesta segunda-feira, 27 de setembro, é comemorado o Dia Mundial do Turismo. Após um ano e meio de pandemia, o setor foi um dos que mais sofreu com as restrições e medidas de isolamento impostas para evitar a disseminação do novo coronavírus. Ainda que a pandemia tenha afetado as fortunas de empresários por trás de companhias aéreas, redes de hotéis e operadoras, o segmento segue presente na última edição da lista da Forbes de bilionários brasileiros.


David Gary Neeleman, fundador e principal acionista no Brasil da Azul Linhas Aéreas, é o nome do turismo mais bem colocado no ranking. Com fortuna estimada em R$ 7,42 bilhões, ele aparece no 69o lugar. Neeleman também é sócio da portuguesa TAP e opera, desde 2018, a Moxy Airways, companhia norte-americana de voos low cost.


By Mariangela Castro via Forbes Brasil.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Global Crisis Survey 2021: Building resilience for the future
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
PwC’s Global Crisis Survey 2021 examines the worldwide business community’s response to unprecedented social, economic and geopolitical disruption.


From altering corporate strategy to swiftly reshaping production capabilities, how did organizations react? How are businesses integrating what they’ve learned into a strategy for long-term resilience?


More than 70 percent of respondents said their business was negatively impacted by the crisis, and 20 percent said the crisis had a positive impact. What common threads are there among companies that are emerging stronger and those that are struggling to tread water?


Charting a resilience roadmap for 2021


Between 20 August 2020 and 25 January 2021, organizations representing 73 countries and 29 industries shared their observations. This year’s Global Crisis Survey is our second collection of corporate crisis data and analysis.


By PwC.


Learn more here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Lifting international travel restrictions will boost U.S. economy – Commerce chief
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
U.S. Commerce Secretary Gina Raimondo said on Thursday that the decision by the Biden administration to lift international travel restrictions in early November will be a boost to the U.S. economy, especially for tourist destinations like New York and for business travel.


Raimondo said the decision announced Monday to allow fully vaccinated foreign nationals to fly to the United States “is huge. I think it will really be a boost to our economy, it will certainly be a boost to travel, tourism, hospitality.” To address COVID-19 concerns, the U.S. has barred most foreign nationals from coming to the United States who have recently been in 33 countries including China, South Africa, Brazil, India and much of Europe.


Reporting by David Shepardson; Editing by Leslie Adler via Reuters.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Vale launches self-driving trucks at its largest iron mine Carajas
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology.


Vale expects to boost productivity and safety by using the trucks to haul iron ore, said Pedro Bemfica, the executive heading the autonomous technology program.


The miner’s six self-driving vehicles at Carajas are nearly twice as tall and more than three times as wide as a conventional trucks and capable of holding 320 tonnes of iron ore.


By Marta Nogueira via Reuters.


Read full article here.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Petlove raises $150M from Riverwood, Softbank to sell pet products and services online
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, announced today that it has raised about $150 million (R$750 million) in a funding round led by Riverwood Capital.


The round is nearly double that of what Petlove has raised in its history. The company started its life as PetSuperMarket when it was founded in 1999 in the early days of the internet. Today, the company continues to operate an online store offering a wide range of pet products and services.


By Mary Ann Azevedo via Tech Crunch


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil confident soybeans harvest will confirm it continues as the world’s leader in the oilseed production
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s National Supply Company, Conab, anticipated forecasts for the coming grains and oilseeds season 2021/22. The soy crop is expected to reach some 141,26 million tons or a 3.9% increase over the current harvest.


As to the area sown, it is estimated at 39,91 million hectares, 3,6% higher than in 2020/21, while yield per hectare could reach 3,539 kilos in 2022, up 0,29%. “It seems a tiny increase but it is significant given the latest technologies in which Brazilian farmers have invested”, according to Fernando Gomes da Motta, one of Conab’s managers.


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Inclusion, Equity, & Diversity Update – SEC Approves Nasdaq Rule on Board Diversity
					

						Posted on 					

									


			

		

	



	

		

			

				
As companies focus on workforce inclusion, equity, and diversity (IE&D), they are under increasing pressure to assure that the membership of their boards reflects these values. The Securities and Exchange Commission (SEC) recently approved a rule proposed by Nasdaq that requires companies listed on its exchange to meet certain minimum diversity targets on their boards or explain in writing why they are not doing so.  This “comply or explain” approach demands of corporations additional accountability for IE&D efforts, requiring them to navigate diversity and anti-discrimination considerations thoughtfully.


In the United States, implementing workforce quotas that mandate hiring on the basis of protected characteristics such as race, ethnicity, or gender is generally unlawful.  While the law encourages voluntary diversity efforts, they are subject to careful judicial scrutiny to ensure that they do not constitute unlawful “reverse” discrimination.  There has been an increase in investigations and related lawsuits as to whether diversity initiatives constitute unlawful discrimination.


 


By Philip Berkowitz, Corinn Jackson and Britney Torres via Littler


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The New Equation | Our strategy
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The New Equation focuses on two interconnected needs that clients face in a world of technological disruption, fractured geopolitics, climate change and the enduring impacts of the COVID-19 pandemic.


The first is to build trust. Our approach to building trust is designed to meet rising expectations of transparency and stakeholder engagement. It recognises that reporting and compliance are just one link in a chain that includes organisational culture, executive mindset, aligned standards, certified professionals, stringent controls, tailored technologies, and appropriate governance. It continues to place a commitment to quality at its core.


 


By PwC


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Três ações para fabricantes de dispositivos de Internet das Coisas (IoT) motivadas pela IoT Cybersecurity Improvement Act de 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
    

  • Uma lei federal promulgada recentemente nos Estados Unidos visa tornar os dispositivos de Internet das Coisas (IoT) mais seguros e pode ser um divisor de águas para os fabricantes de dispositivos e as empresas que fornecem esses artefatos para o governo.
    • 

  • Muitos sistemas embarcados, incluindo IoT, carecem de controles básicos de segurança. As razões para isso incluem restrições de hardware, custos de segurança e pressa para colocar os dispositivos no mercado
    • 



 


By PwC


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil eyes more rigs as utilisation hits 92%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Competitive rig utilisation for Brazil-based rigs has increased by 9% in six months, reaching 92% in June. Based on the current rig demand outlook and domestic supply drying up, it is likely that operators will have to source more rigs from outside of the region.






Esgian Rig Analytics shows that there are 22 rigs currently drilling offshore Brazil, and oil and gas companies are expected to ramp up activity further with a recent surge in tendering activity.






 


By Adis Ajdin via Splash 247.com


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian Fintech Cora raises $116M Series B as Tiger Global, Tencent sign on as investors alongside Greenoaks
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Cora, a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital.


This is a large Series B by any standards, but particularly so for a Latin American startup. It’s also notable that São Paulo-based Cora only raised its $26.7 million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. The startup has now raised a total of $152.7 million since its 2019 inception.


 


By Mary Ann Azevedo via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Could Provide A Quarter Of The World’s Offshore Oil In 4 Years
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is betting big on the oil-rich state.


Unlike the rest of the world, which reined in oil production in 2020 as demand stagnated in the wake of a global pandemic, Brazil actually increased its output. These sustained levels of production put it on route to double its output by 2030, making it the world’s fifth-largest exporter, a target that appears realistic thanks to its low cost-oil giving the country a competitive advantage over many OPEC+ states.


 


Via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil expands tax cuts to nat gas projects
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian federal government will include the natural gas sector in an existing tax incentive program for infrastructure investments, a move that could boost the country’s burgeoning gas markets.


The new ordinance will let natural gas production, processing, pipelines and local distribution system projects waive up to 9.25pc in federal taxes on machinery or feedstock under the existing Special Regime to Incentivize Infrastructure Investments (REIDI). REIDI was created in 2007 for transportation, power, ports, energy, irrigation and sanitation sectors, to eliminate the PIS and Cofins taxes which generate funds for social programs.


 


By Flávia Pierry via Argus Media


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Chevron sees Brazil’s pre-salt oil as prize asset – executive
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
HOUSTON, Aug 17 (Reuters) – Chevron Corp (CVX.N)is hoping to play a role in Brazil’s pre-salt oil discoveries, the U.S. oil major’s Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston.


The “pre-salt chapter” might be the most important development in Chevron’s more than century-long presence in Brazil, said country manager Mariano Vela. Chevron has held interests in 11 deep water projects in Brazil’s Campos and Santos basins since 2018.




By Sabrina Valle and Marianna Parraga via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Kovi closes $104M Series B to make car ownership more inclusive in LatAm
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) — especially in countries outside of the United States.


In an attempt to remedy that problem, São Paulo-based Kovi was founded in 2018 to give those people access to those opportunities.


 


By Mary Ann Azevedo via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
As its startup market accelerates, Brazil could be in for an IPO bonanza
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s startup market is reaching new heights, and its domestic stock market could benefit from the boom.


According to data from KPMG, Brazilian startups raised the most capital in a single quarter in Q1 2021, when some $1.4 billion flowed into domestic technology upstarts. That record stood until the second quarter of 2021 saw $2.7 billion raised by Brazilian startups.


 


By Nigel Sussman via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Customer data sharing under Open Banking commences in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
One of the most important phases of the Brazilian open banking project, which involves the sharing of customer registration and transactional data, has gone live today (13), enabling consumers to request their financial information is shared with other institutions.


The open banking initiative, introduced by the Central Bank of Brazil in early 2019, aims to boost market competition and increase financial education in the Latin American country. Under the model, use of open application programming interfaces (APIs) enable third-party developers to build applications and services around the participating financial institutions, with consumer data shared with their consent.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil imported 4.88 GW of PV modules in H1
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian solar market resumed strong growth in the middle of the second year of the Covid-19 pandemic. According to a recent report by Brazilian consultancy Greener, the country imported 4.88 GW worth of PV modules in the first half of 2021. This compares to just 2.2 GW in the first six months of last year, and surpasses the 4.76 GW of PV module imports registered for the whole of 2020.


 


By Livia Neves via PV Magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Rio Grande do Norte signs MoU to expand renewables portfolio
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In Brazil, the state government of Rio Grande do Norte and Enterprize Energy have signed a Memorandum of Understanding that will enable the region to expand its portfolio of renewables.


Enterprise Energy has been tasked with identifying opportunities for the development of green hydrogen, offshore wind, and green ammonia in the state. To do so, the company will engage with local businesses, academic institutions, and local and federal authorities on infrastructure development and operation.


 


Via Power Engineering International


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil announces national data protection council
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government has announced the members of the National Council for the Protection of Personal Data and Privacy (CNPD) as part of the process of implementation of the country’s data protection rules.


Announced on Monday (9) through a presidential decree, the advisory board is part of the implementation of Brazil’s General Data Protection Law (LGPD). The council is tasked with the formulation of guidelines for the application of the data protection rules, including the provision of subsidies for the creation of the national data protection and privacy policy.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Energy storage with recycled batteries from Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil-based Energy Source is betting on two new business models to boost its revenue in 2021: storage services with reused batteries and the recycling of batteries that have already completed their second life cycles, including the recovery of metals such as cobalt.


The company expects to conclude a financing round by October that will support its “battery-as-a-service” (BaaS) model. The expectation is to raise BRL 12 million ($2.3 million) from existing partners and investors.


 


By Livia Neves via PV Magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EXCLUSIVE Great Wall Motor to shift some India investment to Brazil after approval delays -sources
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
NEW DELHI/BEIJING, Aug 11 (Reuters) – Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.


The re-allocation, which could range up to $300 million, comes as the sources said the maker of popular sport-utility vehicles (SUVs) and pick-ups was close to acquiring a former Daimler (DAIGn.DE) plant in Brazil to build cars.




By Aditi Shah and Yilei Sun via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil’s BTG Pactual Q2 profit jumps 74%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, Aug 10 (Reuters) – Brazilian lender Banco BTG Pactual SA reported on Tuesday a 74% rise in second-quarter recurring net income, to 1.719 billion reais ($328.48 million), amid booming capital markets activity in the country.


BTG’s revenue came in at 3.771 billion reais, a 52% jump from a year earlier, mainly driven by lending, investment banking and asset management fees.


 


By Carolina Mandl via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to hold port auctions this week
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Agência Nacional de Transportes Aquaviários (ANTAQ), Brazil’s national agency for waterway transportation, will hold an auction to lease areas in the ports of Amapá, Ceará and Salvador on Friday.


At the Port of Santana, an area measuring just over 3,185 square metres will be auctioned for a term of 25 years. The area is intended for the movement of bulk vegetable solids, especially soy bran.


 


By Kim Biggar via Splash247.com


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil connects 205 MW of wind farms in July
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
August 6 (Renewables Now) – Brazil has given the go-ahead to 205.2 MW of wind farms to commence operations in July 2021, power sector regulator Aneel announced on Thursday.


In all, the country has connected 467.06 MW of new capacity last month, with wind parks accounting for 43.9% of that. Since the beginning of the year, Aneel has okayed some 2,282.93 MW of new plants to start operations.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Real Jumps on Pledge of Even More Aggressive Rate Hikes
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s real led gains among emerging market currencies after the central bank delivered its most aggressive interest rate increase in nearly two decades and promised to bring back a restrictive monetary policy to tame above-target inflation.







By Maria Eloisa Capurro and Maria Elena Vizcaino via Bloomberg




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil retailers hunt for M&A deals to compete for e-commerce dominance
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
August 4 (Reuters) – In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil’s northern city of Belem, the 50-year old was clueless about how to get one. He followed a link on the website of furniture retailer Via Varejo (VVAR3.SA) and called a store manager.


On the other end of the line was Railton Sampaio, a manager at the city’s largest Via Varejo. Sampaio helped him buy the TV online, sending the link for payment through the commonly used messaging app WhatsApp.




By Tatiana Bautzer via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Amazon launches free one-day delivery in Brazil amid fierce competition
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) – E-commerce giant Amazon.com Inc started to offer its Brazilian Prime subscribers free one-day delivery in 50 cities on Wednesday, amid fierce market competition in Latin America’s largest economy.


The move comes as rivals such as MercadoLibre and Magazine Luiza are investing heavily to ramp up delivery speeds and gain clients.


 


By Jimin Kang via KFGO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Express Delivery Market Report 2021-2025 – Adoption of New Technologies in Express Delivery Services and FTAs Spurring Market Growth – ResearchAndMarkets.com
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
DUBLIN, August 03, 2021–(BUSINESS WIRE)–The “Express Delivery Market in Brazil 2021-2025” report has been added to ResearchAndMarkets.com’s offering.


The express delivery market in Brazil is poised to grow by $ 1.49 billion during 2021-2025, progressing at a CAGR of almost 4%


 


Via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Neoenergia switches on 35 MW of wind capacity in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
August 2 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 34.65-MW portion of the 471.25-MW Chafariz wind complex, the firm announced last week.


With 10 turbines up and running already, a portion of the larger wind farm has been delivered 17 months before the contract signed for supplies to the regulated market becomes effective.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The Mexican startup Kavak enters Brazil with an investment of 500 million dollars
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Mexican unicorn Kavak announced the start of its operations in Brazil with an investment of more than 500 million dollars.


“Our business model is growing fast, due to our ability to formalize the pre-owned car market through data technology and artificial intelligence, which allows us to streamline the car buying and selling process; reduce reconditioning time and evaluate the different financing options, in addition to eradicating fraud risks by eliminating dealing with third parties and granting guarantees in a sector that registers various types of crimes due to informality in transactions ”, stated Carlos García Ottati , CEO of the company for the sale and purchase of pre-owned cars.


 


Via Entrepreneur


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Joshua Kushner’s Thrive Capital leads $20M investment in Brazilian healthcare startup Pipo Saude
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Pipo Saude, a startup that developed a platform that sells and manages healthcare benefits for Brazilian companies, has raised $20 million in a Series A round of funding.


Joshua Kushner’s Thrive Capital led the round, marking the first time the New York-based venture firm has led an investment in a Brazilian startup. (Although, notably, Thrive has also put money in Nubank and Loft.)


 


By Mary Ann Azevedo via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil expects grain production to grow 27%, meat to grow 24% over next 10 years
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In relation to what the country produces in this season of 2020/2021, the increase in production until 2030/2031 should be 71 million tons, an increase of 27.1%, at a growth rate of 2.4% per year. Soybeans, second crop corn and cotton should continue to drive growth.


The numbers are from the study Projections of Agribusiness, Brazil 2020/21 to 2030/31 , carried out by the Secretariat of Agricultural Policy, of the Ministry of Agriculture, Livestock and Supply (Mapa), by the Secretariat of Intelligence and Strategic Relations, of the Brazilian Research Corporation Agriculture (Embrapa), and by the Department of Statistics, University of Brasília (UnB).


 


By Brazil’s Ministry of Agriculture, Livestock and Supply via The Pig Site


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil consumer confidence rises to 9-month high in July -FGV
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, July 26 (Reuters) – Consumer confidence in Brazil rose in July to a nine-month high, a survey indicated on Monday, a fourth consecutive increase fueled more by future expectations than sentiment around the current situation.




The Getulio Vargas Foundation’s (FGV) consumer confidence index rose to 82.2 points from 80.9 in June, reaching the highest since October last year, FGV said.








By Jamie McGeever via Reuters




			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Algar Telecom launches digital point solutions in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian telecommunications company Algar Telecom, a telecommunications and technology company belonging to the Algar Group, has just launched Controle de Ponto, an electronic timesheet digitalization solution, developed in partnership with Tangerino, a company specializing in workday management technology.


The solution was created for micro and small companies (MPE), a segment that lacks automation of the journey management, and has data stored in the cloud and an intuitive and agile interface.


 


By Shailaja Pai via Developing Telecoms


 


Read full article

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Venture Capital Investment In Brazil Reaches $5.2 Billion During H1 2021
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian startups attracted record levels of investment as the ecosystem matures with international funds rushing to seize opportunities in the Latin American country, according to research.


During the first six months of 2021, a total of $5.2 billion was invested in startups based in Brazil, according to numbers released by open innovation network Distrito. By comparison, the total invested in the whole of 2020 – which was considered to be the best year on record for the ecosystem until recently – reached $3.5 billion.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil agricultural retailer Agrogalaxy launches IPO
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, July 19 (Reuters) – Brazil’s Agrogalaxy Participacoes launched an initial public offering (IPO) on Monday aiming to raise roughly 385 million reais ($75.27 million), a securities filing from the agricultural supplies retailer showed.


The company set its price range at between 13.75 reais and 16.50 reais. The final price will be set on July 22.


 


By Carolina Mandl via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Shell, Gerdau to develop 190-MW solar project in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
July 19 (Renewables Now) – The Brazilian unit of oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has partnered up with local steel producer Gerdau SA (BVMF:GGBR4) to develop a 190-MW direct current (DC) solar project in Minas Gerais state.


The companies have signed an agreement establishing the guidelines for the implementation of a 50/50 joint venture (JV) in relation to the project.


 


By Lucas Morais via Renewables Now


 


Read full article now

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Vaccine Support Reaches 94% in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Despite President Jair Bolsonaro’s attacks on immunization against Covid-19, support for vaccines against the disease continues to grow in Brazil and reached a record level, 94% of the population, according to Datafolha research.


Datafolha surveyed 2,074 people aged 16 and over in 146 cities across the country on July 7th and 8th. The margin of error is plus or minus two percentage points.


 


By Angela Pinho via Folha de S. Paulo


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Likely to Remain World Leader in Soybean Production
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is projected to retain its position as the largest soybean producer over the next decade. In the 2020/21 season, Brazil produced a record of 4,994 million bushels of soybeans, up 8.9% from last season’s record crop of 4,587 million bushels, according to data from the National Supply Company (Conab). The area harvested this season is also at a record of 95.16 million acres, up 4.2% from last season. The growth Brazilian acres are expected to be continue higher than the United States and Argentina, two of the other major producers of soybeans. In addition, recent advances in logistics, such as on the railroad called the North-South, should create opportunities to improve competitiveness in the transportation sector.


 


By Joana Colussi and Gary Schnitkey via Farmaco Daily


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Neoenergia energises transmission line for 69-MW wind park in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
July 13 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 500-kV transmission line in Brazil that will enable the evacuation of electricity from a 69.3-MW portion of the 471-MW Chafariz wind complex.


With 20 wind turbines, the 69.3-MW portion is currently in its testing phase, Neoenergia announced on Monday.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian HR Startup Flash Raises $22M in a Tiger Global-Led Series B Round of Funding
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Flash, a startup that has developed a flexible benefits platform for Brazilian companies and employees, has raised $22 million in a Series B round of funding led by Tiger Global Management.


Monashees (which led Flash’s Series A), Global Founders Capital (who backed Flash’s seed round), Citius and Kauffman Fellows also participated in the financing.


 


By Mary Ann Azevedo via TechCrunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Argentina-Brazil soybean meal basis spread widens to record
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
he Argentina-Brazil FOB soybean meal basis spread widened to a record as weakening export demand and a shallow Parana River put pressure on Argentina’s premiums for nearby loadings.


The spread reached $20/st July 6-7, with the basis for August loading in Argentina’s Up River cargo market assessed at parity July 6 and at plus $1/st July 7 to the correspondent Chicago Board of Trade contract. In Brazil’s Paranagua paper market, the basis for the same month was assessed at plus $20/st July 6 and plus $21/st July 7, S&P Global Platts data showed.


 


By Jose Roberto Gomes via S&P Global Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Huge offshore wind farm to power green hydrogen in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
French renewable energy company Qair has signed an initial deal to build an offshore wind farm to support green hydrogen production in the northern Brazilian state of Ceará, the state government has announced.


Under the memorandum of understanding (MoU) signed this week with state governor Camilo Santana, the company’s Brazilian subsidiary would build the 1,216MW Dragao do Mar wind development on the state’s continental shelf. Electricity from the turbines would supply an electrolysis plant with the capacity to produce 296,000 tonnes a year of green hydrogen to be located at the Pecém Port Complex in Ceará.


 


By Tom Azzopardi via Wind Power Monthly


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil authorizes Butanvac vaccine for volunteers in clinical trial
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, July 7 (Reuters) – Brazilian health regulator Anvisa on Wednesday gave the go-ahead for the Butanvac COVID-19 vaccine developed by Sao Paulo’s Butantan Institute biomedical center to be used on volunteers in clinical trials.


Anvisa in a statement said the vaccine will be applied in two doses, 28 days apart. Phase I of Butanvac’s clinical trial will involve 400 volunteers, and the first two phases are expected to involve 6,000 volunteers in total.




By Jamie McGeever via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Retail Sales Rose in May on Easing of Social Distancing Measures
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO–Brazil retail sales rose in May, the second consecutive month of growth, as the gradual easing of social distancing measures in many parts of the country allowed consumers to get out and spend more.




Sales increased a seasonally adjusted 1.4% in the month and rose 16% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday. In April, sales climbed a revised 4.9% in the month and jumped a revised 23.7% from a year earlier.




 


By Jeffrey T. Lewis via  Market Watch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Anhydrous ethanol spot premium in Center-South Brazil trading at discount over term contracts
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The anhydrous ethanol spot premium over hydrous in Brazil’s Center-South traded at 13%, S&P Global Platts’ assessment showed July 6, down from the 14% average anhydrous premium in term contracts for the Center-South 2021-22 crop.


Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.


 


By Nicolle Monteiro de Castro via S&P Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Meet The Entrepreneurs Ushering Black Women Into UX Careers In Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
As discussions over gender and racial inequality in the technology sector gather pace in Brazil, a group of entrepreneurs is working to address these issues by training black women in careers in user experience (UX) and connecting them with employers.


UX Para Minas Pretas (UXMP), which in Portuguese translates to “UX For Black Girls” was created by Karen Santos in 2019. The São Paulo-based company aims to provide technical and professional training to black women, as well as the community support required to develop a career in the field of UX, which focuses on how a user interacts with and experiences an product, system or service online.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mercado Bitcoin Becomes Brazil’s First Crypto Unicorn With Softbank Round
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
After raising US$ 200 million from Softbank Latin America Fund, Brazilian cryptocurrency exchange Mercado Bitcoin became the country’s latest unicorn, the name given to technology companies worth more than US$ 1 billion.


With a US$ 2.1 billion valuation, the company is also the first crypto unicorn in Brazil. With the transaction, announced on Thursday (1), 2TM Group, the holding controlling Mercado Bitcoin, became the eighth most valuable unicorn in Latin America, the company noted, based on Crunchbase data.






By Angelica Mari via Forbes






			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Express Delivery Market in Brazil in Air Freight & Logistics Industry to grow by USD 1.49 billion | Technavio
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have at Par impact on the express delivery market in brazil. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.


The express delivery market in Brazil in the air freight & logistics industry is expected to grow by USD 1.49 billion, progressing at a CAGR of almost 4% during 2021-2025, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.


 


By Jesse Maida via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Oil Boom Continues Unabated
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil boom, particularly with a surge in cases among energy sector workers. By March 2021 petroleum and natural gas production was in decline with total hydrocarbon output falling by nearly 3% year over year to an average of 3.6 million barrels of oil equivalent per day. Such was the severity of the pandemic and sharp increase in cases Brazil’s hydrocarbon production was expected to fall further. Nevertheless, by April operations began to recover and the country’s economically critical oil output was rising.


 


By Matthew Smith via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Etsy To Acquire Brazilian Crafts Marketplace Elo7
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
US crafts marketplace Etsy announced today (28) that it has signed a definitive agreement to acquire its Brazilian equivalent Elo7 as part of an international expansion plan.


Purchased for $217 million, Elo7 is one largest e-commerce sites in Brazil, with more than 56.000 sellers, 1.9 million users and more than 8 million items for sale including handmade and custom-made goods as well as craft supplies. Subject to regulatory approvals, the deal should be concluded in the next quarter.




By Angelica Mari via Forbes






			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
New solar systems factory to be built in Brazil’s Ceara state
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
June 28 (Renewables Now) – Brazilian solar equipment company Renovigi Energia Solar will build a factory in Ceara state for the production of photovoltaic (PV) systems, the local government announced on Friday.


Under a memorandum of understanding (MoU) signed by governor Camilo Santana, the company will invest BRL 12.4 million (USD 2.5m/EUR 2.1m) to construct the production facility in the Pecem Industrial and Port Complex. The site will also accommodate a distribution centre.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil travel co CVC to issue up to $96 mln in new shares
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
RIO DE JANEIRO, June 22 (Reuters) – The board of Brazilian travel company CVC Operadora e Agencia de Viagens SA has approved an offering of up to 480 million reais ($95.8 million) in new shares, the firm said on Tuesday.


In a securities filing, CVC said the company would offer a minimum of roughly 20.1 million shares and a maximum of roughly 25.1 million shares, at a price of 19.12 reais per share.


 


By Gram Slattery via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Congress approves bill to privatize Eletrobras
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The lower house of the Brazilian Congress passed legislation on Monday paving the way for the selling off of the state’s majority shares in South America’s largest energy company Eletrobras.


With the sale of its 61% stake in the utility giant, formally known as Centrais Eletricas Brasileiras SA, the Brazilian government is hoping to raise around 25 billion reais ($5 billion, €4.2 billion).


 


Via DW


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil hopes to expand fresh fruit exports to China
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
RIO DE JANEIRO, June 21 (Xinhua) — Brazil hopes to expand its fresh fruit exports to China by adding several of its leading products, Brazilian Agriculture Minister Tereza Cristina said on Monday.


In an interview with the foreign press, Cristina said Brazil is the third-largest fruit producer in the world, but a low-ranked exporter. The country only export melon to China.


 


Via Xinhua News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s banking system braces for new ESG regulation
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In 2014, the state of São Paulo, Brazil’s most populous region and one of Latin America’s most heavily urbanized areas, experienced a historic drought for more than two years.


“We had to take short showers,” said Christopher Wells, Banco Santander SA’s global head of environmental and social risk. “It makes you think about life in a very different way.”


 


By David Feliba via S&P Global Market Intelligence


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil regulation seen allowing more U.S. GMO crop imports
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) – Brazil’s government published a new regulation on Thursday to align rules for genetically modified (GMO) crops with global standards, a move the agriculture lobby says will make it easier to import more GMO soy and corn from the United States.


Under the new rules, published by Brazilian biosecurity regulator CTNBio in the official government gazette, crops with different genetic modifications can be transported in the same ship, provided each modification is already approved, industry group CropLife said.


 


By Roberto Samora via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil Tests the World’s First Facial Recognition Shuttle Service
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SÃO PAULO, Jun 16, 2021–(BUSINESS WIRE)–The Project Embarque + Seguro 100% Digital Boarding System, using the Brazilian government’s facial recognition, arrives this Tuesday (June 15) at the Congonhas Airport (SP). For the first time in the world, passengers on the air shuttle service between the capitals of São Paulo and Rio de Janeiro will participate in the simultaneous testing of this end-to-end technology without the need to present neither a boarding pass nor an identification document. The Project of the Ministry of Infrastructure, developed in partnership with Serpro and the Special Secretariat of Debureaucratization, Management and Digital Government of the Ministry of Economy, has already been tested at the airports of Florianópolis (SC), Salvador (BA), Santos Dumont (RJ) and Belo Horizonte (Confins).


 


Via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Advent invests $430 mln in Brazil payments firm Ebanx before IPO
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, June 15 (Reuters) – Funds managed by Advent International are investing $430 million in the Brazilian payments company Ebanx, financing its growth in Latin America ahead of an initial public offering planned for the coming months, Ebanx Chief Executive said on Tuesday.


CEO and co-founder Joao Del Valle said the company plans to use the proceeds from acquisitions to further expand operations in countries such as Mexico, Colombia and Argentina. Advent is also buying a stake from Ebanx’s existing investors.


 


By Carolina Mandl via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s Paraiba to become home to 1.6-GW solar project and PV factory
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
June 14 (Renewables Now) – Brazilian energy company Rio Alto Energias Renovaveis SA will implement a 1,625-MW solar power complex in Paraiba state, governor Joao Azevedo announced on Friday.


Named Santa Luzia, the solar project will consist of 28 farms with an individual capacity of 58 MWp. Rio Alto estimates it will initially invest some BRL 4.1 billion (USD 801.5m/EUR 662m) in the scheme.


 


 


By Lucas Morais via Renewables Now


 


Read full article here


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to study costal wind power potential
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
June 11 (Renewables Now) – Brazil’s Ministry of Science, Technology and Innovation (MCTI) will carry out a technical study that will measure the wind power potential of the coast between the states of Amapa and Rio Grande do Norte.


The announcement was made on Wednesday after a meeting between the MCTI minister, Marcos Pontes, and senator Davi Alcolumbre. In all, the government will invest BRL 5 million (USD 984,000/EUR 808,000) to conduct the study.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil begins path toward power capacity market
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government will conduct its first power capacity auction in December, seeking companies willing to build generation capacity to begin serving demand in 2026.


The market is meant to handle the challenges of integrating intermittent power sources like wind and solar into the grid. But critics of the auction say its costs will be unfairly borne by consumers, and concerns are mounting that the plan will not add capacity soon enough to handle tightening supply in the short term.


 


By Flávia Pierry via Argus Media


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Warren Buffett’s Berkshire Hathaway Invests $500 Million In Brazilian Challenger Nubank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian digital bank Nubank has announced today (8) that it has received a $500 million investment from Warren Buffett’s investment fund Berkshire Hathaway.


Berkshire Hathaway’s investment is an extension of the fintech’s $400 million Series G round announced in January. Buffett’s company also has StoneCo, a Brazil-based digital payments firm, among its tech investments in the region.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil economy rebounds to pre-pandemic level, pointing to brighter 2021
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s economy grew by 1.2% in the first quarter, data showed on Tuesday, faster than economists had expected, as rebounding services and investments took Latin America’s largest economy back to is size at the end of 2019, before the pandemic hit.


It was the third consecutive quarter of growth. While the rebound has slowed, underlying figures suggest strong foundations for a continued recovery, prompting upward revisions to full-year forecasts and a surge in Brazil’s currency.




By Jamie Mcgeever via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
How a vaccination experiment known as ‘Project S’ transformed one small Brazilian city
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


Serrana (CNN)Hope has returned to the small city of Serrana, Brazil, after researchers vaccinated almost its entire adult population in a city-wide medical experiment this spring.




“Everything is practically open now, and the atmosphere is so different, so much lighter and joyful. We feel safe while the other cities around us are in a very difficult situation,” says Ricardo Luiz, owner of a well-known restaurant in Serrana.






By Marcia Reverdosa and Rodrigo Pedroso via CNN






			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region.


Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion.




By Mary Ann Azevedo via TechCrunch




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
AliExpress eyes ‘live commerce,’ financial products to expand Brazil sales
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, May 26 (Reuters) – AliExpress, the global e-commerce platform of Chinese giant Alibaba Group Holding Ltd , aims to increase its Brazil sales by offering “live commerce,” financial services and registering local sellers in its marketplace, its Brazilian head told Reuters on Wednesday.


With Brazil sales growth of around 130% in 2020, the shopping portal wants to use these initiatives to deepen its links with customers in Brazil, which has become one of the five largest AliExpress markets in sales in the world, Yan Di said.


 


By Aluisio Alves via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Brazil announces digital currency guidelines
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s central bank has launched the general guidelines for the digitization of its currency, the real.


The announcement on the intentions to create a Central Bank Digital Currency (CBDC) made today (24) is part of the central bank’s agenda for the modernization of the Brazilian payments industry, which included the launch of instant payments last November and the ongoing implementation of open banking.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Enbridge, Fluxys, EIG bid for Brazil’s top natgas import pipeline, sources say
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A consortium of Canada’s Enbridge (ENB.TO), Belgium’s Fluxys (FLUX.BR) and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil’s largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week.


Petroleo Brasileiro SA (PETR4.SA), as Brazil’s state-run oil company is formally known, put its stakes in the 2,593-kilometer (1,611-mile) TBG pipeline, which imports gas from Bolivia, and the far southern TSB pipeline up for sale in December. Non-binding offers were due by late April.




By Carolina Mandl, Sabrina Valle and Gram Slattery via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
O crédito como diferencial nos Ecossistemas de Negócios Made in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
O crédito ao consumo no Brasil é diferenciado pelo envolvimento direto e a participação das empresas varejistas na sua concessão, tornando o País um benchmarking global nesse aspecto.


Na Via, antiga Via Varejo, que opera Casas Bahia e Ponto, ex-Ponto Frio, são 95 milhões de crediaristas na base. Na Riachuelo, são mais de 32 milhões possuidores de seu cartão de crédito, bandeira própria, que respondem por perto de 42% de sua venda total. Carrefour, Pão de Açúcar, C&A, Pernambucanas, Renner, Marisa e Americanas, para citar apenas algumas, também têm alta representatividade em suas vendas dos clientes de seu crédito, tradicional ou via cartão com bandeira própria em seus negócios.


 


By Marcos Gouvêa de Souza via Mercado & Consumo


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s financial social media platform TradersClub seeks $565 million valuation in IPO -sources
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) -Brazilian financial social media platform TradersClub is seeking a 3 billion real ($565.65 million) valuation in its initial public offering, two sources with knowledge of the matter said.


The company filed late on Wednesday for an IPO to raise around 700 million reais to fund expansion and potential acquisitions, the people added, asking for anonymity to disclose private discussions.


 


By Tatiana Bautzer via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil wants Mercosur to agree on a 20% reduction of the Common External Tariff
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is determined that Mercosur’s Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.


According to Mercosur rules all decisions must be adopted by consensus, which means that the TEC has become a contentious issue between the two main partners Brazil, and Argentina, which is reluctant to advance so fast or take such bold steps.


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil sets price caps for June 25 auctions
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
May 19 (Renewables Now) – Brazil’s power sector regulator Aneel approved on Tuesday the price ceilings for the power generation auctions scheduled for June 25, 2021.


Dubbed A-3 and A-4, the tenders will contract power from wind, solar, hydro and biomass-based thermal plants. The highest maximum bidding price is set at BRL 292 (USD 55.5/EUR 45.4) per MWh.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Looks Set for a Shipping Boom—Leaving Some Concerned about a Lack of Oversight
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Since he first took office in 2019, Brazil’s president, Jair Bolsonaro, has prioritized transforming the country’s logistics network for transporting domestic goods. Historically highway-centric, the shipping of goods around the country by truck is a major source of congestion and carbon dioxide pollution. In the next few weeks, the Brazilian Congress looks set to approve a bill that will encourage the transportation of goods by sea. But the bill has environmentalists, and even some government employees, alarmed as it does little to address the potential impacts on marine ecosystems that would result from a sharp increase in shipping.


 


By Eduardo Campos Lima via Hakai Magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Commodities Cycle Should Benefit Brazil for at Least Two Years
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The rising prices of raw materials, such as soybeans and iron ore, will likely benefit Brazil for at least the next two years. Although it is too early to predict the size of this new cycle, the perception of analysts interviewed by Folha is that it will be less intense than the commodity boom of the 2000s.


Commodity prices using the CRB (Commodity Research Bureau) index rose by almost 70% in one year. In the same period, metallic commodities tripled in price in the international market, mainly in iron ore (+ 150%), and agricultural products have already emerged from a longer appreciation, mainly from soy.


 


By Douglas Gavras via Folha de S. Paulo


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil sells the most soy to the United States since 2014 -shipping data
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is on track to sell the largest volume of soybeans to the United States since 2014, according to shipping data from maritime agent Cargonave, as the nation helps Americans fill a momentary supply gap. Increased shipments to the United States show that tight supplies and high prices are forcing soybean users like oilseed crushers and meat producers to change their suppliers to keep operations running. A total of 208,000 tonnes of Brazil soybeans have been shipped to the United States or will set sail soon, according to shipping data and a source.


 


By Ana Mano via Hellenic Shipping News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Hydrogen in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In December 2020 the Brazilian Ministry of Mines and Energy issued the Brazilian National Energy Plan 2050 (“2050 Energy Plan”), outlining the directives for the long-term strategy for the Brazilian energy sector. The 2050 Energy Plan dedicated a chapter to hydrogen, listing it as a disruptive technology, capable of significantly changing the energy market.


The 2050 Energy Plan highlights that hydrogen may help solving energy challenges such as reduction of carbon emissions in hard-to-decarbonize sectors, storage of renewables, safety in the energy supply due to the flexibility in hydrogen production (multiple sources) and diversity in its use cases (direct or converted into electricity). The 2050 Energy Plan also listed fuel cells as a potential key technology for the decarbonisation of the transportation sector in Brazil going forward.


 


By Danielle Gomes de A. Valois via Lexology


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to participate in submarine cable to link America and Asia
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Santiago de Chile, May 14 (Prensa Latina) Brazil made official its participation in the Humboldt project, a submarine fiber optic cable that will link Chile and South America with Asia and Oceania through the South Pacific.




Brazil’s Minister of Foreign Affairs Carlos Alberto Franco announced so in a videoconference with his Chilean counterpart, Andres Allamand, and the Chile’s Minister of Transport and Telecommunications Gloria Hutt.




Via Prensa Latina




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
GREENSPOON MARDER INNOVATION WEEK
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Join our member’s, Greenspoon Marder, at their Innovation Week, bringing together top companies and thought leaders across industry lines. With a focus on changes, challenges and opportunities businesses are facing across the globe, hear from those who are innovating and evolving and leave with ideas for your own new course of success.


 


More Information

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil launches fund to invest in Internet of Things startups
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian public and private sector actors have announced the launch of a 240 million reais ($45 million) venture capital fund focused on early stage investments in companies active in the Internet of Things (IoT) and connectivity space.


Managed by Indicator Capital, the fund was created by the Brazilian Development Fund (BNDES) and Qualcomm Ventures following a tendering process in 2019 to find a company to structure and run the vehicle. The fund will support up to 30 startups in Series A rounds over the next 10 years and it expects to close 7 deals in 2021.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil coffee harvest starts in the heart of its biggest city
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s arabica harvest kicked off symbolically this weekend with volunteers picking through one of the world’s largest urban coffee farms at Sao Paulo’s Instituto Biológico, a hub of agricultural research in the middle of the metropolis.


In the shadow of the institute’s towering art-deco headquarters, the group worked its way through neat rows of 2,000 trees, marveling at the pastoral scene just a stone’s throw from the city’s central Ibirapuera Park.




By Amanda Perobelli via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil buys 100 million more doses of Pfizer’s COVID-19 vaccine
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA (Reuters) – Brazil’s Health Ministry on Tuesday announced it had signed a deal for Pfizer to deliver an additional 100 million doses of its COVID-19 vaccine, doubling the number of shots from the company.


The additional shots will be delivered between September and December, the Health Ministry said in a statement.


 


By Ricardo Brito via 790 KFGO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
AES sees opportunity as Brazil turns to wind power
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
For all the criticism Brazil has endured over its stewardship of the Amazon, it can still boast of its climate credentials in the field of clean energy.


Hydropower has long provided most of the country’s electricity, thanks to the construction of large-scale dams and reservoirs, in particular under the ruling military dictatorship of the 1960s.


 


By Michael Pooler via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil aiming to reduce gas reinjection
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In an attempt to reduce reinjections of natural gas back into wells at production sites, the Brazilian government has created new rules to facilitate the development of gas-fired power plants, with the start of dispatch set for 2026.


Natural gas reinjection takes place when producers inject gas back into the well in order to increase the flow of crude oil from the well, or else sequester gas that cannot be exported. The practice is common among oil producers in Brazil, as the country does not have sufficient natural gas transportation or processing capacity available, as well as little demand for gas-fired power.


 


By Flávia Pierry via Argus Media


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How Azul Has Managed To Recover Despite Brazil’s COVID Crisis
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian airline Azul Linhas Aereas ended the first quarter with 109% of its domestic capacity than its pre-pandemic levels. While Azul still posted a net loss of US$509 million, the airline seems to be on track for a recovery, surpassing its domestic peers, GOL and LATAM Brazil. But, how has Azul achieved this bounceback? Let’s investigate further.


Azul is a point-to-point airline. It doesn’t have a true hub, like GOL or LATAM. These last two airlines mainly fly from Sao Paulo’s Guarulhos International Airport, the gateway of Brazil. Meanwhile, Azul flies out of everywhere.


 


By Daniel Martínez Garbuno via Simple Flying


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil real hits 4-month high as global banks turn hawkish on interest rates
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s real surged on Thursday to close at its highest in almost four months against the dollar, a day after the central bank struck a hawkish tone in its statement that accompanied a second aggressive hike in borrowing costs.


A clutch of major global banks published notes revising their outlook on Brazil’s benchmark Selic rate, which they say is now likely to rise more quickly or more aggressively.




By Jamie McGeever via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s ANP approves hybrid trading model for biodiesel
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s National Petroleum Agency approved April 29 a proposal to shift biodiesel trading from the country’s current public auction model to a hybrid model, starting January 2022.


After more than 30 meetings with the participants in Brazil’s biodiesel market, the agency, the ANP, announced the parameters established for the hybrid trading mode, which would replace the auction model in place since 2008 when Brazil started to blend diesel fuel with biodiesel, resulting in a 2% biodiesel mix.


 


By Nicolle Monteiro de Castro via S&P Global Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EDF Renewables to build 242-MW wind park in Brazil
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
April 29 (Renewables Now) – EDF Renewables, a unit of French utility EDF (EPA:EDF), will be building a 242-MW wind farm in Brazil’s Paraiba, the state’s government announced this week.


Under a newly-signed protocol of intent, the European company will invest around BRL 1 billion (USD 187m/EUR 154m) in the development of the Serra do Serido wind farm in the towns of Junco de Serido and Santa Luzia.


 


By Lucas Morais


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil begins to make own Covid-19 vaccine
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				




Production began on the first of an expected 18 million doses by mid-July, though Brazil’s Health Regulatory Agency (Anvisa) is yet to authorise the vaccine






Brazil’s Sao Paulo-based Butantan Institute, a state-run medical research facility, on Wednesday began to manufacture ButanVac, the first Brazilian vaccine against the novel coronavirus disease (Covid-19), state governor Joao Doria announced.






Via Mint




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Positive Ventures Closes on 10M Fund for Impact Investing
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Positive Ventures, a São Paulo-based venture firm, has secured $10 million for its latest fund.


Positive Ventures has raised the capital from an impressive list of LPs, including investor Luis Stuhlberger, founding partner of Verde Asset Management and Teresa and Cândido Bracher, who was the chairman of Itaú-Unibanco, Brazil’s largest bank.


 


Mary Ann Azevedo via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Investment Forum 2021
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The Brasil Investment Forum 2021 (BIF) is an international event about attracting foreign investments to Brazil, organized by Apex-Brasil, the Interamerican Development Bank (IDB) and the Brazilian Federal Government, which will be held online on May 31 and June 1st, 2021.


Known as the largest event for foreign investment in Latin America, BIF will bring together federal, state and local government authorities and executives from large companies from Brazil and the world, as well as representatives from academia, the press and opinion makers.


In this edition the Forum will highlight investment opportunities in strategic sectors such as agribusiness, energy, infrastructure, innovation, health and technology, among others. This will be a unique opportunity to discuss improvements in the country’s business environment.


This year BIF will be held online. The event will feature high-level panel discussions with government representatives and CEOs from leading multinationals, a presentation room for public and private projects in Brazil that are seeking foreign direct investment and the opportunity for networking with representatives of state governments and participants.


 


More Info

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Tech Round-Up: Cabify Ends Brazil Operations, Locaweb Makes Its Largest Acquisition, PicPay Readies IPO
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Spanish mobility firm Cabify has announced on Friday (23) that it will end its Brazil operations in June. Among the reasons prompting the decision, the mobility company noted Brazil is “still very affected by its serious healthcare situation and the local socioeconomic crisis caused by Covid-19”. This broader context limits value creation, the startup said, adding that it is “committed to profitability.”


“The company will continue to be attentive to needs and opportunities future mobility in this market”, Cabify said in a statement. Contacted by Forbes, the firm declined to confirm how many employees will be affected by the decision.


 


By Angelica Maria via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to invest USD 70m in solar power for Amazon region
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
April 23 (Renewables Now) – The Brazilian Ministry of Mines and Energy (MME) will initially invest BRL 386 million (USD 70.3m/EUR 58.5m) to supply clean energy to isolated communities in the Amazonian archipelago of Marajo.


This initial agreement will benefit 50,000 people that live in the municipalities of Curralinho, Melgaco and Portel, in the state of Para, through electricity transmission networks and solar energy generation systems, MME announced this week.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s April soybean exports gain momentum on third-week surge: sources
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian soybeans exports in the first three weeks of April surpassed the year-ago level due to higher exports in the third week of the month, sources said April 20, which is likely to support domestic oilseed prices.


According to the foreign trade department’s report released April 19, Brazil exported 10.6 million mt of beans so far in April, compared with the equivalent 2020 volume of 9.16 million mt.


 


Via Hellenic Shipping News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Joint effort needed for Brazil gas market opening: ANP
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Some states are already working to open gas markets to more competition, such as Amazonia and Rio Grande do Norte.


A presidential decree expected by mid-May should add more detail to the new law and will be followed by updates and resolutions from the ANP. The regulator may restructure its personnel in order to carry out the legislation.


 


By Flavia Pierry via Argus Media


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil sees solar boom ahead of cut in subsidies for new projects
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Power utilities and developers are rushing to register solar projects in Brazil, one of the most promising markets for renewables, as it prepares to cut subsidies for new solar installations and wind farms, according to a report by consultancy ePowerBay.


Spain´s Iberdrola (IBE.MC), France´s Voltalia (VLTSA.PA), EDF (EDF.PA), Italy´s Enel (ENEI.MI) and Portugal´s EDP Renewables are among the main players developing solar projects in Brazil, as well as Atlas Energia, controlled by the British private equity firm Actis, ePowerBay said on Tuesday.




By Luciano Costa via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
France, Brazil Push Carrefour Revenue Ahead 4.2% in Q1
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
PARIS — Carrefour reported sales rose 4.2 percent to 18.56 billion euros over the first quarter, spurred on by consumption in France, where it has bulked up e-commerce services, as well as fast growth in Brazil.


“Our growth model, based on operational excellence, competitiveness and the power of our omnichannel offer, translates into market-share gains in our main countries,” said chief executive officer Alexandre Bompard. Under Bompard’s direction, Carrefour has bolstered its e-commerce through partnerships with technology companies, and increased organic food offers.


 


By Mimosa Spencer via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s GDP on track to better results than expected
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country’s Gross Domestic Product (GDP) rose 1.70% in February 2021, against January’s figures, it was announced Monday.


The new data show a positive variation of 0.98% year to year, against the -0.4% analysts had envisioned. The official forecast of the Central Bank on GDP expansion for 2021 is 3.6%.


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
US-Brazil New Energy Investment Forum
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


Do you want to know why Brazil was selected as the third most attractive country for clean energy investment (Climatescopes 2020)? Join Apex Brasil at the online event US-Brazil New Energy Investment Forum, April 29, at 2 pm (Brasilia time) / 1 pm (Eastern Standard Time) and learn how you can start investing in the Brazilian new energy sector.






 






Access the Program here: https://lnkd.in/epNpsFD








Apex-Brasil – Brazilian-American Chamber of Commerce – Ministério das Relações Exteriores.



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s PIX surpasses 1 billion transactions
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The news: Brazil’s central bank-run instant payments system processed 1.05 billion transactions worth BRL787 billion ($152.6 billion) between November and March, per Mobile Time.


Here’s how it works: PIX, which launched in November, lets users make real-time money transfers 24/7 to individuals or businesses without needing a bank account. To use the smartphone-based service, users have to register “keys” like their social security numbers, mobile phone numbers, or email addresses with a bank or fintech as an authentication method.


 


By Adriana Nunez via eMarketer


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil completes first-ever video call on standalone 5G
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The first ever video call on standalone 5G in Latin America has been completed in Brazil as part of a series of supplier demonstrations to the government ahead of the upcoming fifth-generation spectrum auction.


The video call, made on Friday (9) from Nokia’s Brazilian headquarters in São Paulo, connected Brazil’s communications minister Fabio Faria to president Jair Bolsonaro, who was in Brasília at the time.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Norway’s Hydro to buy LNG for Brazil plant in carbon-reduction push
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Norwegian metals maker Norsk Hydro (NHY.OL) said on Friday it has struck a preliminary deal with New Fortress Energy (NFE.O) to buy liquefied natural gas (LNG) for its Alunorte alumina refinery in Brazil, switching the energy source from fuel oil.


Supply of LNG by the U.S.-based energy company to the Barcarena municipality is expected to start in 2022 under a 15-year deal, according to Hydro.




Via Reuters




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Looks To Finance Fuel Subsidies With Oil Auctions
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is studying the possibility to finance a future fund to subsidize domestic fuel prices with part of the proceeds it expects to receive from an offshore oil auction later this year, a source with direct knowledge of the government’s plans told Reuters this week.


Fuel prices and the hikes in those prices early this year became the bone of contention between Brazilian President Jair Bolsonaro and state oil firm Petrobras—a spat that ended with Bolsonaro ousting the chief executive of the Brazilian national oil company, Roberto Castello Branco.


 


By Tsvetana Paraskova via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Central Bank Pledges to Stop Core Inflation Contagion
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s central bank is closely monitoring if a recent spike in commodity prices will continue to affect core inflation, and particularly expectations for 2022, as it calibrates monetary policy, according to its President Roberto Campos Neto.


The bank delivered an outsized rate hike last month and promised another in May as it realized that what it deems as temporary price shocks were having a more lasting impact on inflation, even when excluding more volatile items such as food and energy.


 


By Andrew Rosati and Shery Ahn


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Improving Brazil’s Business Environment
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
On 30th March 2021, two legislative measures were published in Brazil. The first, Law 14,129/2021 (“The Law”) implements the Brazilian Digital Government Policy (“DGP”), while the second, Provisional Measure 1,040/2021 (“The Measure”) aims to improve the business environment in Brazil, with the objective of improving its position in the World Bank’s “Doing Business” ranking. While they are distinct acts, there is a strong common theme to both: reducing bureaucracy in both the public administration and the private sector.


The Law provides for the principles, rules and instruments for the implementation of the DGP. It aims to improve the efficiency of public administration through digitalising records and using technology to make public services more widely accessible to the population, including those on low incomes or residing in rural and isolated areas.


The Measure sets forth legislative changes to promote and foster the creation and development of businesses in Brazil. Brazil is currently ranked 124 in the world on the World Bank’s “Doing Business” rankings[1]. This Measure directly addresses some of the issues currently faced by those wishing to start or grow businesses in Brazil, in accordance with the recommendations of the World Bank, and with the aim of improving that ranking.


 


By Ted Rhodes and Valerio Salgado


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil publishes national artificial intelligence strategy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government has published the country’s artificial intelligence (AI) strategy to guide actions around research, innovation and the development of related technologies to tackle the country’s greatest challenges, as well as ethics.


The publication of the strategy follows a process of over a year since the launch of the consultation to gather input for the plan in late 2019, after a period of engagement with AI consulting firms and an international benchmarking process. According to the Brazilian government, the consultation lasted until March 2020 and more than 1,000 contributions were received.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s 2021 interest rate outlook rises to 5.25%, survey shows
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, April 12 (Reuters) – Brazil’s 2021 interest rate outlook rose to 5.25%, a central bank survey of economists published on Monday showed, after policymakers’ repeated comments that aggressive tightening now means borrowing costs will not have to rise as much in the end.


The median forecast for the benchmark Selic rate from over 100 economists in the central bank’s weekly ‘FOCUS’ survey increased from 5.00% the week before, and 4.50% four weeks ago.




By Jamie McGeever via Reuters




			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Petrobras publishes the 2020 Sustainability Report with advances in ESG
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				




















Operation safety and investments over R$ 145 million in projects and donations to society reflect the company’s socioenvironmental action over the last year






























































































april 08, 2021






























In a year marked by the Covid-19 pandemic and its consequences, Petrobras was able to achieve positive economic results and, at the same time, expand its commitments to sustainability and improve environmental and social indicators, as well as support the fight against the effects of the pandemic in the Brazilian society. The information regarding the company’s operational, economic, social, environmental, and governance performance is compiled in the Sustainability Report 2020, published this Wednesday in the English version.


 


“Petrobras’ performance in an extremely challenging year reveals our relentless pursuit of the dual objective of maximizing return for shareholders and society,” said CEO Roberto Castello Branco. The document details Petrobras’ support for society’s actions to fight the Covid-19 by donating tests, hospital and hygiene materials, fuel for ambulances and hospital vehicles, and food for low-income families. The company also made financial donations to scientific projects to fight the pandemic and provided computing capacity to support research efforts. The donations in response to Covid-19 and to other disaster situations in Brazil – such as the floods in the states of Minas Gerais and Espírito Santo, fires in the Pantanal and blackouts in Amapá – totaled, in 2020, the amount of R$25.5 million, donated by Petrobras and its equity stakes, in addition to expenses to carry out the management of these projects.


 


Read Full Report Here




















			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil FX dynamics improving, market more balanced -central bank director
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, April 8 (Reuters) – The dynamics driving Brazil’s currency are improving and the market is now more balanced, despite lingering fiscal uncertainty, central bank monetary policy director Bruno Serra said on Thursday.


In an online debate hosted by event management company Consulting House, Serra said the central bank’s market interventions earlier this year have helped greatly, while the capital flows picture for the real is also brighter.


 


By Jamie McGeever and Gabriel Ponte via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Fund manager Ashmore snaps up Brazil, China local currency bonds
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
LONDON, April 9 (Reuters) – Fund manager Ashmore Group has bought Brazilian and Chinese local currency bonds as it remains focused on broader emerging market local debt, betting on strong performance during 2021.


Brazilian markets have had a tough start to 2021, with local currency bonds selling off by around 170 basis points and the real currency sliding 7% against the dollar as concerns about politics surfaced and as the country battles the world’s worst daily COVID-19 death toll.


 


By Tom Arnold via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Soya sales from Brazil set record in March
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Soya exports from Brazil climbed 12% year-on-year in March, the National Cereal Exporters Association (Anec) reported. Sales amounted to 14.9 million tons, a monthly record.


Year-to-date, however, exports slid by 5%, according to the Anec’s website, to 20.4 million tons in Q1 2021, from 21.6 million tons in Q1 2020. Sales were weaker in January, and marginally so in February.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRAZIL HARVESTS 78% OF SOYBEAN CROP, SECOND CORN PLANTINGS FINISHED, CONSULTANCY SAYS
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, April 5 (Reuters) – Brazilian farmers had harvested 78% of the area planted with the 2020/2021 soybean crop as of last Thursday, compared with 83% at the same point last year, agribusiness consultancy AgRural said on Monday.


As the soybean season draws to a close, Brazilian farmers were able to finish planting their second corn crop, as much of it is grown in the same areas as the oilseeds, AgRural said.


 


By Ana Mano via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Pinterest Launches Pinterest Ads in Brazil, Expanding Marketing Opportunities
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Pinterest continues to expand its ad business, with brands in Brazil now able to launch paid promotions via Pin.


As explained by Pinterest:


“46 million people in Brazil use Pinterest to find ideas. To shop. To decide what’s next. They’ve long depended on Pinterest for inspiration and product discovery. And starting today, Brazilian marketers can use Pinterest ads to better reach this highly engaged audience.”


 


By Andrew Hutchinson via Social Media Today


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
FinanZero, Brazil’s free online credit marketplace, raises $7M
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
FinanZero, a Brazilian online credit marketplace, announced today that it has closed a $7 million round of funding – its fourth since it launched in 2016 was founded in 2016. It has raised a total of $22.85 million to date.


The real-time online loan broker allows people to apply for a personal loan, a car equity loan, or a home equity loan for free and receive an answer in minutes. A key to FinanZero’s success is that it doesn’t offer the loans itself, but has instead partnered with about 51 banks and fintechs who back the loans.


 


By Marcella McCarthy via TechCrunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
WhatsApp gains regulatory approval to relaunch payments service in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Facebook-owned messaging platform has the green light to launch its payments service in Brazil after gaining approval from the country’s central bank, per Reuters. WhatsApp is only allowed to operate its peer-to-peer (P2P) payments service; though Facebook is still seeking approval, it can’t yet extend this service to merchants.


WhatsApp has hit roadblocks launching its payments service globally, with regulators citing antitrust concerns.


 


By Adriana Nunez via eMarketer


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Anhydrous ethanol premium over hydrous in Center-South Brazil at record high
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
New York — The spot premium of anhydrous ethanol over hydrous in Brazil’s Center-South for the 2020-21 crop, which ended March 31, averaged 14.3%, up 3% from the prior crop and at the highest premium since S&P Global Platts started to track it for the 2014-15 crop.


Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.


The highest premium was recorded at 26.8% during the three first days of the 2020-21 crop, while the lowest at 4.2% was on March 10.


 


By Nicole Monteiro de Castro


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil exempts 65 items from import tax to fight COVID-19
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brasília – Gecex, a technical body within the Brazilian foreign trade chamber Camex, said on Monday, 29, it zeroed import taxes on 65 products to ease the fallout from the coronavirus outbreak on the population. Now, Brazil has 628 coronavirus-related products with zero import taxes.


Eligible goods include medicines for pain relief, sedation, intubation, and artificial respiration, including anesthetics, tranquilizers, painkillers and antibiotics. The measure also encompasses monitors for clinical beds and Intensive Care Units (ICUs), equipment for breath gas analyses, and ICU monitoring central servers, as well as truck bodies and tank trucks to transport dangerous goods, such as oxygen.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil takes steps to modernize business environment
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil’s president Jair Bolsonaro signed on Monday, 29, a provisional measure to modernize the business environment in Brazil. It provides for simplifying starting a business, protecting minority investors and facilitating trade of goods and services. The government aims at increasing Brazil’s position in the World Bank’s Doing Business ranking in 191 countries.


As per information made public by the General Secretariat of the Presidency, the initiative brings about changes and cuts the red tape in starting businesses, providing for the unification of the federal, state and city registration at the National Registry of Legal Entities (CNPJ in Portuguese), eliminating viability analysis – which only exist in Brazil – and automating checking business names in seconds.


 


Via Brazil Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Landmark study shows how child grants empower women in Brazil and South Africa
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Since the mid-1990s, new approaches to poverty reduction have been introduced in countries across Africa, Asia and Latin America. Some have involved income transfer programmes that target poorer citizens based on various means tests. Most have targeted female caregivers, primarily mothers.


The most expansive child and family grants are in Brazil, Mexico, Chile, Argentina and South Africa, which has put in place the biggest social provision net in Africa.


 


By Leila Patel, Natasha Borges Sugiyama and Wendy Hunter via The Conversation


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s iFood outlines sustainability initiatives aiming to reduce its carbon footprint
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian-based pan-Latin American food delivery startup iFood has announced a series of initiatives designed to reduce the company’s environmental impact as consumers push companies to focus more on sustainability.


The program has two main components — one focused on plastic pollution and waste and another aiming to become carbon neutral in its operations by 2025.


 


By Jonathan Shieber via TechCrunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
US soybean production growth hasn’t matched Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In our last column, we began this series of articles designed to provide insight into the question of whether or not a U.S. agricultural policy focused on exports has been able to sustain agricultural prices at a profitable level for a sustained period of time. In making this analysis, we acknowledge that in a single year, or a short burst of years, exports can have a positive impact on U.S. crop prices.


The question is whether policies designed with the goal of expanding crop exports can sustain profitable crop prices over the long haul. If crop exports cannot sustain a long period of profitable prices, then we must identify other means to support profitable crop prices over the long term.


 


By Harwood D. Schaffer and Daryll E. Ray via Wisconsin State Farmer


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Real Estate Platform Loft Raises $425M at a $2.2B Valuation in One of Brazil’s Largest Venture Rounds
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Buying and selling residential real estate is a complex business, no matter where you live. A slew of startups in the United States are focused on streamlining that process for people. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater.


One startup that has set out to serve as a “one-stop shop” for Brazilians to help them manage the home buying and selling process has managed to attract one of the largest — if not the largest — funding rounds ever raised by a Brazilian startup.




Mary Ann Azevedo via TechCrunch




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Patria to launch $250 million SPAC
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) – A special purpose acquisition company (SPAC) backed by Brazilian asset manager Patria Investments Ltd plans to raise $250 million in an initial public offering on Nasdaq, according to a securities filing.


Patria, which has Blackstone Group Inc among its investors, said on Friday its executive officers may sponsor the blank-check company Patria Acquisition Co, based in the Cayman Islands, with roughly $92 million.


 


By Carolina Mandl via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to complete Angra 3 finance package in 18 months, says BNDES director
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Speaking as part of a high-level panel at World Nuclear Association’s Strategic eForum on Sustainable Finance on 18 March, Mendes Cabral said BNDES is learning lessons from its previous involvement with the Angra 3 project. In addition, it is working to expand its issuance of green bonds to include nuclear energy within a wider, environmental, social, and governance (ESG) framework.


Two nuclear power units – Angra 1 and 2 – supply about 3% of Brazil’s electricity. The units are operated by Eletrobras subsidiary Eletronuclear.


 


Via World Nuclear News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Tech Round-Up: Digital Identity, EBANX Expands In Central America, Magazine Luiza Continues Shopping Spree
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Welcome to this week’s Brazil tech and innovation round-up. Here is a selection of three key developments in Latin America’s largest economy: first up, the Brazilian government is making inroads towards its digital identity project. Next, fintech unicorn EBANX expands operations in Centra America and retail giant Magazine Luiza makes more acquisitions of startups to bolster its digital strategy.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Equinor and Partners Choose Concept for Offshore Brazil Field
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Equinor (NYSE: EQNR) reported late last week that a development concept has been approved for the BM-C-33 gas/condensate field in the pre-salt Campos Basin offshore Brazil.


“BM-C-33 is a key project in our portfolio and concept select is an important milestone in our effort to mature the project,” Geir Tungesvik, senior vice president for projects with operator Equinor, remarked in a written statement emailed to Rigzone. “It is important to further optimize and improve the project business case to make it more robust for future market.”


 


By Matthew V. Veazey via Ringzone


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Bumper Crops and Stable Trade Boost Prospects for Brazil Railway
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
(Bloomberg) — Brazil’s major railroad operator is bracing for a busier year as easing global trade tensions and expectations of bumper crops boost transportation demand in South America’s farming powerhouse.


Rumo SA, a logistics giant that owns 13,500 kilometers (8,400 miles) of railway lines linking Brazil’s agriculture heartland to the nation’s largest coastal ports, started the year with twice as many contracts to transport agricultural commodities than a year ago, Chief Executive Officer Joao Alberto Abreu said. He sees easing global trade tensions and surging agricultural prices as signs of better times ahead.


 


By Fabiana Batista via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil government raises 2021 inflation forecast to 4.4%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, March 17 (Reuters) – Brazil’s economy ministry raised its inflation outlook for this year to 4.4% on Wednesday, the same day the central bank is widely expected to raise interest rates for the first time in six years to combat the strong buildup in price pressures.




That is up sharply from the ministry’s previous forecast of 3.2% in November and well above the central bank’s year-end target of 3.75%. It is lower, however, than what many economists are projecting.








By Jamie McGeever via Yahoo Finance






			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil passes natural gas law to attract investors, cut red tape
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, March 17 (Reuters) – Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry.


The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro.


 


By Luciano Costa via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Economic activity up 1.04% in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brasília – Economic activity in Brazil was up in January 2021 from December 2020, as per numbers made public this Monday (15) by the Brazilian Central Bank. This was the ninth straight month-on-month increment – the last time activity shrank was in March and April 2020.


The season-adjusted Central Bank’s Economic Activity Index (IBC-Br) was up 1.04% in January from December. Year-on-year in January, it was down 0.46% (non-adjusted, since equal months are being compared). In the 12 months through January, the IBC-Br was down 4.04%.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Tech Round-Up: Totvs Buys RD Station In Largest-Ever Software Deal, Government Rejects Huawei, São Paulo Vetoes Facial Recognition
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
This week has seen the announcement of what is the largest deal ever in the Brazilian software industry, as enterprise software giant Totvsacquired 92% of marketing automation startup RD Station for 1,86 billion (US$ 330 million).


The deal saw founder and chief executive Eric Santos and the four other cofounders Guilherme Lopes, André Siqueira, Bruno Ghisi and Pedro Bachiega selling part of their shares in the company and an exit for Riverwood Capital, TPG, Endeavor Catalyst, DGF, Redpoint ventures and Astella Investments, a pool of backers that owned over 80% of the business.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Powertis to build 225 MW of PV parks in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
March 15 (Renewables Now) – Spanish firm Powertis SA has started the construction works on 225 MW of solar photovoltaic (PV) projects in the Brazilian states of Sao Paulo and Minas Gerais.


The company, a subsidiary of Soltec Power Holdings SA (BME:SOL), is planning to install two 112.5 MW PV facilities in the municipalities of Pedranopolis and Araxa, local news agencies reported last week.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil evaluating Lightsource BP 163.5-MW PV project for potential loan
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
March 12 (Renewables Now) – The Superintendency for the Development of the Northeast (Sudene), a Brazilian governmental agency, has completed the first step in the process to potentially grant a loan for a 163.5-MW photovoltaic (PV) project promoted by Lightsource BP.


Specifically, Sudene approved the prior consultation for five 32.7-MW projects — Milagres I, II, III, IV and V — that would form a solar farm complex in Brazil’s northeastern state of Ceara.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil approves limited $8bn pandemic spending package
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s Congress has approved an $8bn emergency aid package to help deal with a second wave of the coronavirus pandemic that has triggered economic shutdowns across the country.


The package, which is considerably smaller than the $50bn stimulus passed at the beginning of the crisis last year, was welcomed across the political spectrum, with economists and investors lauding its limited impact on Brazil’s growing debt pile.


 


By Bryan Harris and Michael Pooler via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
As Unemployment Soars In Brazil, Courier-Centric Startup Mottu Attracts Global Tech Investors In New Round
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
With unemployment reaching an all-time high of 14% in Brazil, São Paulo-based startup Mottu has attracted a host of global backers in a Series A round intended to accelerate its plan to cater for the needs of gig economy workers.


Mottu is aiming for the scores of Brazilians looking to work as couriers in the booming e-commerce market to make ends meet, but can’t afford the basic equipment to do so. With the goal of “serving the underserved”, the startup rents motorcycles for an average of 25 reais (US$ 4,40) a day to unbanked or credit blacklisted individuals and offers insurance and maintenance, while plugging couriers to a network of marketplaces and retailers looking to boost their last-mile logistics capability.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil wants to increase manufacturing of fertilizer
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brasília – Brazil’s government will devise a policy to increase its manufacturing of agricultural fertilizer and minimize reliance on imported products. The country relies for some 80% of its fertilizer needs. An inter-ministerial work group was established to address the topic and met on Tuesday, 9, at Palácio do Planalto.


“Brazil has increased its agricultural output every year but enormously rely on imports of phosphorus and potassium. So, this working group was created,” Agriculture minister Tereza Cristina (pictured above) explained. She addressed the press after a meeting with the National Fertilizer Plan group.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
A new app puts invisible communities in Brazil’s Cerrado on the map
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


    

  • Thousands of Indigenous, quilombola, and traditional communities live in the Cerrado, the world’s most biodiverse tropical savanna. But many lack access to official titles and deeds, and are not registered on official maps.
    • 

  • As the agricultural frontier pushes into the northern part of the savanna, land-grabbing and violent attacks are increasing. Many of these communities risk losing their land and their resources uoon which they depend.
    • 

  • Now, a new smartphone app developed in collaboration with communities in the northern Cerrado and two Brazilian NGOs allows communities themselves to register their lands on the app, as well as important local sites and conflicts with farmers and land-grabbers.
    • 

  • The developers of the app aim to halt the rapid and unequal development that threatens the lives and livelihoods of those working to protect the savanna, and ultimately help conserve the last remaining tracts of native Cerrado.
    • 





By Sarah Sax via Mongabay


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Balancing economic growth and the environment: lessons from Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In many ways, Brazil is a global leader in the energy transition. Coupled with a strong domestic oil and gas sector that makes up almost 11% of its economy, more than 46% of Brazil’s energy mix is powered by renewable energy sources and Brazil also has the third- largest renewable electricity generation capacity globally. Last year, the World Economic Forum’s Energy Transition Index ranked Brazil at 45th out of 115 countries, driven by its strong performance in in areas such as near-universal energy access and access to clean cooking fuels, a high degree of energy security and the relatively low carbon-intensity of its energy mix.


 


By Stephanie Jamison and Roberto Bocca via World Economic Forum


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Renova gets DIP loan for 400-MW wind project
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
March 8 (Renewables Now) – Brazilian renewables developer Renova Energia SA (BVMF:RNEW11) has received a BRL-362.5-million (USD 63.7m/EUR 53.4m) debtor-in-possession (DIP) loan to complete the 400-MW Phase A of the Alto Sertao III wind power complex.


The financing came from a bank credit note structured by Brazilian independent resource manager Quadra Gestao de Recursos Ltda, contracted by the company’s subsidiary Chipley SP Participacoes SA, Renova announced last week.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s innovation ecosystem holds strong on global index amid challenging year for many countries
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASÍLIA, Brazil, March 8, 2021 /PRNewswire/ — Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, today shared that Brazil was able to maintain its overall rank on the 2021 Bloomberg Innovation Index during an extraordinary year. For the second year in a row, Brazil sustained a rank of 46th out of the world’s 131 most innovative countries and economies, performing particularly well in certain specialized sectors measured, such as manufacturing and productivity – solidifying the country’s innovation economy at a crucial moment in time.


During a year when innovation was, arguably, more important than ever before, Brazil’s consistency on the Bloomberg Innovation Index is a positive sign for the future. This is underscored by many countries decreasing in their innovation rank over the past year, largely due to business ramifications of the coronavirus pandemic, according to Bloomberg, which uses seven weighted metrics to review dozens of criteria in assembling the Innovation Index.


 


Via PR Newswire


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRAZIL FEEDS SOME 10% OF WORLD’S POPULATION, RESEARCH FINDS
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, March 4 (Reuters) – Farmers in Brazil fed some 10% of the world’s 7.76 billion population last year, a study released on Thursday by state-run agricultural research agency Embrapa found.


The study focused on Brazil’s grains and oilseeds production as these are considered basic food staples that can be either used for direct human consumption or as animal feed for meat processing, Embrapa’s statement said.


 


By Gabriel Araujo via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Staples drove exports from Brazil during the pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brasília – Exports from Brazil proved relatively resilient amid the Covid-19 pandemic in 2020, underpinned by stronger sales of staple goods. According to the Brazilian Central Bank, a hike in exports of soya, especially in Midwest Brazil, and iron ore, in the North, whose prices went up.


Exports of manufactured goods slowed down, as a result of the global economic slump, and this impacted predominantly the Southeast and South. A Central Bank analysis of exports was made public this Thursday (4) alongside its regional reports.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Massive stimulus helps Brazil to limit losses
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian economy contracted 4.1 per cent last year, one of the most resilient performances in Latin America, after a massive fiscal stimulus package tempered the impact of the coronavirus pandemic.


Official data released on Wednesday showed that the Brazilian economy grew 3.2 per cent in the fourth quarter last year from the previous quarter, when it expanded 7.7 per cent. That left the Brazilian economy 1.1 per cent smaller than it was in the fourth quarter of 2019, before the pandemic spread globally.


 


By Bryan Harris via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ports in Brazil handled 1 billion tons in 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Despite the Covid-19 pandemic, cargo throughput at ports in Brazil was up 4.2% in 2020 from 2019 to 1.15 billion tons, as per an annual statistical report released this week by the National Agency for Waterway Transportation (Antaq).


The numbers include throughput at state-run and private ports combined. State-run units accounted for 34% of throughput, while private facilities handled 66%. The majority of cargo – 775.5 million tons – was outgoing, i.e., exports, whereas 377.2 million was incoming, i.e., imports .


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil real slide not justified by fundamentals, central bank president says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, March 2 (Reuters) – Brazil’s real has suffered more than other emerging currencies as investors adjust to changing liquidity conditions globally, but some of it has not been justified by economic fundamentals, central bank President Roberto Campos Neto said on Tuesday.


Speaking in an online event hosted by Arko Advice and Empiricus, Campos Neto said the central bank has large currency reserves and will continue to act as it sees fit, adding that it remains focused on using all the tools at its disposal to meet it inflation goals.


 


By Jamie McGeever and Gabriel Ponte via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil may host $5.4bn green hydrogen plant
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Australia-based hydrogen specialist Enegix Energy is planning to build a green hydrogen plant on 500 hectares of commercial land in the Port of Pecém, in the Brazilian, northeastern state of Ceará. 


The company said that a memorandum of understanding for the ‘Base One’ project was signed in mid-February with the state governor Camilo Santana and that the planned facility should generate over 600 million kilograms of green hydrogen per year. “Enegix’s planned next-generation facility will be run completely using renewable energy, with zero emissions, and will harness the great renewable energy potential that Ceará has available, with solar and onshore and offshore wind to be realized, allowing Base One to be expanded to over 100 GW to meet global demand,” the Australian company said in a statement.


 


By Emiliano Bellini via PV Magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to deliver 140 mln vaccines by end-May – lower house speaker
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, March 1 (Reuters) – Brazil’s Health Ministry will deliver 140 million doses of COVID-19 vaccines between now and the end of May, lower house speaker Arthur Lira said on Monday, without giving details on where they will come from.


Speaking in an interview with TV Record and later confirming on his Twitter account, Lira also said emergency monthly cash transfers to millions of poor Brazilians of 250 reais ($45) will be made through June.


 


By Lisandra Paraguassu via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
MercadoLibre to Invest Record $1.8 Billion in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.


The firm plans to pour a record 10 billion reais ($1.8 billion) into Brazil in 2021, up from 4 billion reais last year, to be spent mostly on expanding its logistics network, said Commerce President Stelleo Tolda in an interview with Bloomberg News. Investments in other Latin American markets should also grow, he added, without providing a full figure for the region.


 


By Vinicius Andrade via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Report: Brazilian Consumers Think Digital And Want Merchants To Do The Same
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is known for its vibrant music culture, love of soccer and for being the largest country in Latin America in terms of both population and geography. The nation has other notable — if less conspicuous — distinctions, however: a widespread embrace of smartphones and a rapidly developing digital payments infrastructure.


These conditions help explain why the pandemic-driven digital shift that is transforming retail in advanced economies around the world has been a catalyst for major changes in Brazil as well. The nation’s consumers, much as those in other markets, have sought to avoid crowded stores and engage in safer, more efficient and more satisfying ways to shop. The share of Brazilian consumers who consider digital channels to be their preferred means of shopping has grown by more than 30 percent since the pandemic began and now accounts for 46 percent of its consumers overall.


 


Via Pymnts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s trade with Arab countries up 17%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil’s trade with the Arab countries climbed 17.3% in January from a year ago. The total amount reached USD 1.22 billion, and Brazil ran a USD 563.31-million surplus. The figures were made public by the Arab Brazilian Chamber of Commerce (ABCC).


Year on year, Brazil’s revenue from exports to the Arab countries climbed 7.4% to USD 891.85 million, keeping the Arab bloc as the 3rd largest destination of sales from Brazil, only behind China and the United States.


 


Via Brazil-Arab News Agency


 


Read full article here


 


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil unemployment rate falls to 13.9% in quarter through December
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, Feb 26 (Reuters) – Brazil’s unemployment rate ended last year at 13.9%, figures showed on Friday, extending a recent dip as workers returning to the labor market found jobs, but the average jobless rate in 2020 was the highest since comparable records began in 2012.








That was down from 14.1% in the three months to November, statistics agency IBGE said, in line with the median forecast in a Reuters poll of economists and slipping further from the record 14.6% in the three months to September.












By Jamie McGeever via Yahoo Finance






			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Arabs the 2nd largest destination of food items from Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Exports from the Brazilian food and beverage industry to the Arab countries were down 8.7% in 2020 from the previous year. The bloc purchased USD 6.19 billion worth in products last year. Despite the decline, the Arabs remain as the second largest purchasing market of Brazil’s food industry, only behind Asia. The figures were made public on Wednesday (24) by the Brazilian Food Industry Association (ABIA).


The Brazilian food industry’s top purchasing countries include Saudi Arabia and the United Arab Emirates, which ranked 6th and 8th, respectively. “There’s a major focus on Asia and the Arab countries, where we have decades-long partnerships and there’s a very fruitful, complementary economy, and we still have many opportunities to tap into,” ABIA board chair Grazielle Parenti said during a press conference.


 


By Thaís Sousa via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s RecargaPay Raises $70 Million To Expand Payments App
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s RecargaPay has raised $70 million in a Series C funding round to expand its payments platform for consumers and small businesses. The funding round, led by IDC Ventures and Fuel Venture Capital, brings RecargaPay’s total funding to over $100 million. Other investors include Experian, LUN Partners and ATW, according to a press release.


“Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts,” the press release reads. The company’s goal is to “democratize access to digital financial services for millions of new users.” PYMNTS recently noted that more than 45 million adults in Brazil remain unbanked. The firm will also use the funding to further develop Prime+, its subscription program.


 


Via Pymnts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil current account deficit 0.65% of GDP, smallest in 13 years
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA (Reuters) – Brazil’s current account deficit in the year to January as a share of the overall economy shrank to its smallest in 13 years, official figures showed on Wednesday, thanks mainly to a decline in the primary income and services deficits in the month.


The current account deficit of 0.65% of gross domestic product in the 12 months to January was down from 0.87% the previous month and the smallest since February, 2008, central bank figures showed.


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s consumer confidence rises in February for first time in five months
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA (Reuters) – Consumer confidence in Brazil rose in February for the first time in five months, a survey indicated on Wednesday, lifted by the start of a nationwide vaccination program against COVID-19 and prospects of the government resuming emergency income transfers to the poor.


The rise was most pronounced among consumers in the lowest income bracket, although the overall level of confidence was still below that registered at the end of last year, the Getulio Vargas Foundation’s (FGV) findings showed.


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil steelmaker CSN plans to raise prices by 25% in Q2
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, Feb 23 (Reuters) – Brazilian steelmaker CompanhiaSiderúrgica Nacional (CSN) said on Tuesday that itexpects to raise its prices by an average of 25% in the secondquarter as it moves to shrink its debt.




CSN Chief Executive Benjamin Steinbruch said in a call toanalysts that believes the steelmaker’s debt rating could beupgraded in “weeks” as the company plans to reach itsdeleveraging goal in 45 days.








By Alberto Alerigi and Paula Laier via Yahoo Finance






			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil Internet of Things Market, Competition, Forecast & Opportunities, 2021-2026
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
DUBLIN–(BUSINESS WIRE)–The “Brazil Internet of Things Market by Platform (Device Management, Network Management and Application Management), by Component (Hardware, Services and Software), by Application, by Region, Competition, Forecast & Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.


The Brazilian Internet of Things Market stood at USD 5.67 Billion in 2020 and is expected to grow at CAGR of 18.99% in the next five years to reach USD 16.43 Billion by 2026 on account of increase in adoption of cloud-based platforms, development of wireless networking technologies and surge in number of connected devices.


 


Via Business Wire


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Softbank leads $83 mln investment in Brazil education startup Descomplica
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, Feb 18 (Reuters) – A group of investors led by Softbank Group has invested 450 million reais ($83 million) in Brazilian test-prep startup Descomplica, which has seen demand for its online learning services surge in the pandemic, the company said on Thursday.


Descomplica said it would use the funds to make acquisitions and develop new products, including 33 new courses by next year.


 


Via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Four Brazil companies file for IPOs in flotation flurry
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO, Feb 18 (Reuters) – Four Brazilian companies filed for initial public offerings on Thursday, securities filings showed, adding to a flurry of flotations expected in the coming weeks and months.






























The companies are online retailer Privalia, hospital Mater Dei, biofuel company FS and financial and automotive group Rodobens.


































By Aluisio Pereira via Nasdaq




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil: Industry 4.0 And Intellectual Property In Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The great technological advances of the last few decades, added to the world communication revolution with the popularisation of the internet, have resulted in an increase in data flows and the immediate transmission of information on a global scale. This scenario has allowed data to be elevated to the category of an essential economic asset, so that digitalisation has gained increasingly more space on the industrial development agenda.


Industry is extremely relevant in the Brazilian economic scenario. It currently represents 20.9% of national GDP, accounts for 70.1% of exports of goods and services, in addition to representing 72.2% of business investment in research and development (R&D) and 33% of federal taxes, not including social security revenues1.


 


By Bianca Kremer and Gustavo Piva de Andrade via Mondaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cloud-focused company aims for growth in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Claranet, a technology multinational focused on managed cloud services, has announced an investment of $100 million in its Brazil operation.


According to Brazilian technology site Tele.Síntese, the investment will support three aims: to continue with accelerated organic growth, which is claimed to have reached 37 per cent year on year over the past five years; to invest in improving internal performance; and to enable the acquisition of other companies in the sector.


 


By Vaughan O’Grady via Developing Telecoms


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Faro Energy to build 2.5 MW of PV plants in Brazil for retailer C&A
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
February 16 (Renewables Now) – Faro Energy, a distributed solar company with global headquarters in London, and Brazilian retailer C&A Modas SA (BVMF:CEAB3) have signed a contract for the development of 2.5 MW of solar projects in Brazil.


Faro Energy plans to build two photovoltaic (PV) parks consisting of around 7,000 solar panels. The systems are expected to be up and running in the first half of 2021 and power 11 of C&A’s stores in the country’s capital Brasilia and Rio de Janeiro state.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil farmers harvest 4% of soy area, a quarter of last year’s total – AgRural
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Drier weather in parts of Brazil’s Center-West allowed the 2020/2021 soybean harvest to gather momentum last week after disruptions caused by excessive rainfall, according to agribusiness consultancy AgRural.


As of Feb. 4, Brazilian farmers had managed to double the area harvested to 4%, from 2% in the previous week. Yet harvesting is still way behind historical averages for this time of the season, the consultancy said.


 


Via Hellenic Shipping News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil passes law giving autonomy to central bank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Lawmakers in Brazil have voted to grant autonomy to the central bank in a move aimed at improving the country’s reputation among international investors by removing the risk of political interference in monetary policy.


The legislation was approved by federal deputies in the lower house of Congress on Wednesday, after an almost year-long delay following the coronavirus crisis and local elections.


 


By Michael Pooler and Bryan Harris


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
UPDATE 2-Brazil inflation slows in January, but 4.5% annual rate remains punchy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, Feb 9 (Reuters) – Monthly inflation in Brazilslowed in January as a sharp fall in electricity prices draggeddown housing costs, official figures showed on Tuesday, but theannual rate of inflation remained high and significantly abovethe central bank’s year-end goal.








It was the third month in a row the benchmark annual IPCAconsumer inflation rate has been above 4%, having more thandoubled from the record low below 2% last May.


 


By Jamie McGeever via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Open Banking Intro, Safer Internet Day 2021, Indústria 4.0, CannaBusiness Summit Brazil 2021 & Muito Mais
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
A Matera, empresa de desenvolvimento de tecnologia para o mercado financeiro, fintechs e gestão de riscos, realiza a live “Open Banking Intro” logo mais, às10h30, com a participação especial do Banco Central. O objetivo é reunir especialistas para esclarecer as principais características do open banking, para que seus impactos e oportunidades sejam visualizados com mais clareza. Entre os speakers, estarão Carlos Netto, CEO da Matera, João André Pereira, chefe do Departamento de Regulação do Sistema Financeiro do Banco Central, Márcio Alexandre, superintendente de governança de TI e segurança cibernética do Sicoob, e Fabiano Amaro, consultor de negócios da Matera. A mediação da conversa fica a cargo de Alexandre Pinto, diretor de inovação e novos negócios da empresa. A inscrição é gratuita.


 


Via Forbes Brazil


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Vehicle exports from Brazil up in January
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Vehicle exports from Brazil were up 21.9% year on year in January, National Motor Vehicle Manufacturers Association (Anfavea) reported on Thursday (4). Car sales reached 25,000 units last month. Month on month, though, they declined by 35.8%.


The same occurred with Brazilian vehicle production in January: it climbed year on year, but slid month on month. It was down 4.6% in January, from 209,300 to 1997,700 units. Year on year, it climbed by 4.3%.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Neoenergia looks to MPLS for smart grid expansion in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian electricity company Neoenergia is modernising its communication networks with MPLS (Multi-Protocol Label Switching).


Neoenergia is to adopt MPLS in the networks of its four distribution concessionaries, Celpe in Pernambuco state, Coelba in Bahia, Cosern in Rio Grande do Norte and Elektro in São Paulo and Mato Grosso do Sul.


 


Via Smart Energy


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil favelas launch bank amid economic hit of pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The economic toll of the coronavirus pandemic has hit especially hard in Brazil’s favelas, but the country’s 10 biggest slums now have a plan to fight back: they are launching their own bank.


Dubbed the “G10 Bank,” the new financial institution is set to open later this month, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to slum-dwellers excluded from the traditional banking system.


 


By Florence Goisnard via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Number of new businesses up in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brasília – The number of new businesses in Brazil was up 6% in 2020 from 2019, according to the annual Business Map bulleting from the Brazilian Ministry of Economy. Last year saw 3,359,750 enterprises open in Brazil. The number of companies that went out of business is 1,044,696, resulting in 2.3 million active enterprises in the country. The number of companies that ceased to exist was down 11.3%.


According to the Ministry, the number reflects government measures designed to facilitate startups amid the Covid-19 pandemic, which led many to seek an income through entrepreneurship. The majority of active enterprises in Brazil – nearly 50% – are in the states of São Paulo, Minas Gerais and Rio de Janeiro.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Open Banking kicks off in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Today (1) the first of four phases of Brazil’s Open Banking implementation has started, as part of the country’s broader agenda of modernization of the national financial ecosystem.


The initiative, led by the Central Bank of Brazil, also aims to boost market competition and increase financial education in the Latin American country. Under the model, use of open application programming interfaces (APIs) enable third-party developers to build applications and services around the participating financial institutions, with consumer data shared with their consent.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
2021 Will Be a Key Year for Brazil’s Fiscal Reform Agenda
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Fitch Ratings-New York/London-01 February 2021: Brazil’s large deficit and high public debt burden underscore its continuing fiscal challenges notwithstanding last year’s somewhat better-than-expected performance, Fitch Ratings says. With general elections due in October 2022, this year is a key year to revitalize the government’s fiscal reform agenda for boosting budgetary flexibility and maintaining the credibility of the spending cap.


Data on Friday showed Brazil’s general government deficit more than doubled to 14% of GDP from about 6% in 2019. This was better than our forecast of 16.4% primarily due to under-execution of budgeted spending, which improved the central government outturn, and higher regional government surpluses. Central government revenue contracted by a nominal 10.2%, while primary spending grew 35% as Brazil implemented one of Latin America’s biggest Covid-19 support packages.


 


By Shelly Shetty and Mark Brown via Fitch Ratings


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Petrobras makes hydrocarbons discovery in block C-M-411 offshore Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian state-owned oil firm Petróleo Brasileiro (Petrobras) has made a hydrocarbon discovery in the wildcat well of block C-M-411 in the pre-salt Campos Basin offshore in Brazil’s Rio de Janeiro state.


The hydrocarbon discovery was made at the well 1-BRSA-1377-RJS, informally known as Urissanê. It is located approximately 200km from the coast and at a water depth of 2,950m.


 


Via Offshore Technology


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s railway sector expects USD 6 bn in investments
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil’s railway sector expects a BRL 30 billion (USD 6 billion) in investments. This figure is particularly due to the renewal of concessions in some important lines. “It’s actually a conservative forecast, due to the renewal of contracts,” Brazil’s National Association of Rail Carriers (ANTF) executive director Fernando Paes told ANBA.


ANTF points out that these early contract extensions only could yield around BRL 30 billion. The renewals approved by the Investment Partnership Program (PPI) are expected to increase the share of the rail sector from 15% to 31% of all transportation in the country. “On one hand, we have this schedule of contract extensions. On the other, many of these companies are publicly traded,” Paes explained on other possibilities of new investors.


 


By Thais Sousa via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to roll out national fertilizer plan
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil’s federal government announced a new National Fertilizer Plan. A decree made public early this week on the Official Gazette mandates the establishment of a work group to devise the strategy.


The Ministry of Agriculture, Livestock and Supply said the effort is intended to increase manufacturing and availability of domestically made fertilizer, to minimize reliance on imported product, and to add competitiveness to Brazilian agribusiness products in international markets. According to the Ministry, Brazil relies on imports for some 60% of its fertilizer needs.


 


Via Brazil-Arab News Agency


 


Read full article here


 


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil ran a USD 6 bn surplus in trade with Arab League
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil ran a USD 6.1 billion surplus in trade with the Arab League in 2020. The surplus is the difference between exports and imports. The result accounts for 12.2% of the USD 50 billion all-time record surplus Brazil reached throughout the year. It’s also a 16.2% increase from the surplus reached in Brazil-Arab League trade in 2019, as per figures from the Arab Brazilian Chamber of Commerce(ABCC).


The entity reports that Brazil’s exports to the bloc of 22 countries in the Middle East and North Africa (MENA) generated USD 11.47 billion in revenue, down 6.3% from 2019. The decline, however, was lower than in other relevant trade partnerships, such as the United States (-23.7%) and Mercosur (-17.7%).


 


Via Brazil-Arab News Agency


 


Read full article here


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Cade okays AES’ acquisition of 158.5-MW wind portfolio
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
January 26 (Renewables Now) – Brazil’s competition regulator CADE has okayed the acquisition of a 158.5-MW wind portfolio by local power producer AES Brasil (B3:TIET11), formerly AES Tiete Energia SA.


The deal, approved without restrictions, is valued at BRL 806 million (USD 147.4m/EUR 121.4m), including BRL 277 million of net debt, AES Brasil said previously.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil rate outlook rises after cenbank drops forward guidance – survey
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, Jan 25 (Reuters) – The outlook for Brazilian interest rates over the next two years rose to their highest in many months, a central bank survey of economists showed on Monday, following the bank’s decision last week to drop its ‘forward guidance’ pledge to keep them low for a long time.


The average forecast of the benchmark Selic rate at the end of this year rose to 3.50% from 3.25%, and the end-2022 forecast rose to 5.00% from 4.75%, according to the latest weekly ‘FOCUS’ survey of around 100 economists.


 


By Jamie McGeever via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Engie contracts Siemens Gamesa to supply turbines for Brazil wind farm
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Renewables company Engie has signed a contract with Siemens Gamesa to supply supply turbines for a wind farm in Brazil.


Under the contract, the company will supply 70 of its SG 5.8-170 turbines with OptimaFlex technology. These will generate energy at the 434MW Santo Agostinho wind farm in north-east Rio Grande do Norte.


 


Via Power Technology


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Senate Willing to Discuss New Round of Covid Assistance
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Senators are likely to consider a new round of financial help for vulnerable Brazilians as soon as a new head of the upper house is elected in February, with one of the candidates for the job defending an urgent discussion about the theme and another saying she wouldn’t oppose the idea either.


Senator Rodrigo Pacheco, the front-runner in the race, on Wednesday said that if elected he would immediately start a discussion about what to do with this “part of the population living in extreme poverty, whose situation was aggravated by the pandemic.”


 


By Samy Adghirni and Simone Preissler Iglesias


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The pandemic has led many to swap urban living and working for more rural environments. But what happens when you try to do it in a developing nation?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Leonardo de Azevedo decided to move to the countryside with his wife and two small children in May. The family ended up in a rural area, Lumiar, near the city of Nova Friburgo, about 150km (93mi) from the Brazilian city of Rio de Janeiro, where Azevedo works in the public prosecutor’s office. The idea was to get closer to nature, allow the children more freedom and seek greater security against the pandemic.


But the region had no broadband internet, leaving him dependent on mobile internet that came with speed and data limits. And, when his son had an accident and had to go to A&E, “we found out that in Nova Friburgo no service accepted our health plan”; they were forced to travel back to Rio de Janeiro for treatment.


 


By Raphael Tsavkko Garcia via BBC


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Majority of Brazil’s connected population uses digital citizen services
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government estimates that more than 60% of the country’s connected population – about 84 million people – is using digital citizen services.


The latest numbers from the Digital Government Secretariat (DGS) at the Ministry of Economy are based on research from the National Internet Steering Committee, which estimates that currently 134 million Brazilians have access to the Internet.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil braced for IPO spree this year after bumper 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s stock market is gearing up for another rush of flotations in 2021, after an army of new investors helped spur the strongest year for initial public offerings in more than a decade.


An iron ore miner, a crematorium operator and an online furniture seller are among a list of 41 companies that have announced their intention to debut on São Paulo’s B3 exchange, which in spite of the Covid-19 pandemic chalked up 28 IPOs last year — the biggest number since 2007’s all-time record of 64.


 


By Michael Pooler via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BNDES okays funding for 40-MW biomass power plant in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
January 20 (Renewables Now) – Brazil’s National Development Bank (BNDES) has approved financing of BRL 941.6 million (USD 177m/EUR 146m) for the construction of a 40-MW biomass power plant and several upgrades planned by Grupo Sao Martinho SA (BVMF:SMTO3).


Named UTE Sao Martinho Bioenergia, the new biomass plant will use sugarcane bagasse as fuel. Located in the municipality of Pradopolis, Sao Paulo state, Sao Martinho should be able to generate some 210,000 MWh per year.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
OVERVIEW – Brazil’s ageing hydro infrastructure is solar’s economic opportunity
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
January 20 (Renewables Now) – Brazil, the world’s second-largest producer of hydroelectric power, has an energy problem. While hydropower accounted for 70% of the country’s electricity generation in 2018, its primary source of renewable power is becoming less effective than it once was. Brazil needs to urgently diversify its energy mix to counter the power outages that are becoming a feature of daily life.


 


By Jamie MacDonald-Murray via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Solarian Energy connects 5-MW solar plant in Sao Paulo
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
January 19 (Renewables Now) – Brazilian solar energy firm Solarian Energy announced recently it has commenced the commercial operation of a 4.9-MW solar plant in Sao Paulo state.


The UFV Salto de Pirapora II, as the photovoltaic (PV) plant is named, is the company’s first to use solar trackers. It required an investment of BRL 17 million (USD 3.2m/EUR 2.6m) made in partnership with an unnamed foreign fund.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s BTG Pactual to raise $377 mln in share offering
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				






SAO PAULO, Jan 14 (Reuters) – Brazilian bank Banco BTG Pactual SA plans to raise at least 2 billion reais ($377 million) in a share offering, a securities filing showed on Thursday.












The bank will sell 22,222,222 new shares, comprising one common share and two preferred shares, in the follow-on. It may raise the offering by 25% depending on demand.






 


By Carolina Mandl via Yahoo Finance


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Nordex gets Brazil nod for 5MW model
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Nordex has obtained the accreditation in Brazil for the N163/5.X wind turbine model from National Bank for Economic and Social Development (BNDES).


Wind farm developers in Brazil will be able to purchase N163/5.X wind turbines using the credit line known as FINAME, as well as other similar financing lines that use the BNDES accreditation system to define local content.


 


Via Renews.Biz


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
China/Brazil sea freight prices soar, almost five times higher than six months ago
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.


”It is a record high; I had never seen freight reach that amount,” said Luigi Ferrini, Senior Vice President of Hapag-Lloyd in Brazil. A year ago, the cost of this same route was in the range of US$ 2,000 per TEU.


 


Via Hellenic Shipping News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian Food Delivery Market 2020 – COVID-19 Has Accelerated Brazil’s Digital Transformation
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
DUBLIN, Jan. 11, 2021 /PRNewswire/ — The “The Brazilian Food Delivery Market, 2020: A Benchmark of the Top 8 Companies” report has been added to ResearchAndMarkets.com’s offering.


Brazil’s digital transformation has been greatly accelerated by the COVID-19 pandemic, resulting in several types of solutions being launched into the food delivery market. The increasing use of smartphones and new technologies across various regions of the country, including small cities with few resources, has made food delivery services a routine element of the Brazilian lifestyle.


 


Via Cision PR Newswire


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil: Brazil’s CNPE Establishes Guidelines For New Biodiesel Marketing Model
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
On December 30, 2020, the National Energy Policy Council (“CNPE”)  published Resolution No. 14/2020 (“Resolution No. 14”), which establishes guidelines for the marketing of biodiesel in the national territory and provides for other measures.


Resolution No. 14 establishes that all biofuel necessary to comply with the mandatory percentage set forth by Law No. 13,033/2014 must be contracted by means of a marketing model, replacing the public auctions. The National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) shall be responsible for regulating the biodiesel marketing model, which became effective January 1, 2020.


 






By Bruno Triani Belchoir , Bárbara Eiroa Leite and Leandro Duarte via Mondaq


















			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s industry up 1.2% in November: IBGE
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil’s industrial output climbed for the seventh month in a row, up 1.2% in November from October 2020. But year to date through November, it was down by 5.5%. In the twelve months through November, it declined by 5.2%. Despite the recent positive outcomes, industrial output is down 13.9% from the peak in May 2011.


Figures from the Monthly Industrial Survey made public on Friday (8) in Rio de Janeiro by statistic agency IBGE shows that the industry was up 2.8% from November 2019.


 


Via Brazil-Arab News Agency


 


Read full article here


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion after raising $190 million in late stage financing from investors led by SoftBank’s Latin American investment fund and the Brazilian public and private investment firm, Dynamo.


An online marketplace specializing in home products, MadeiraMadeira offers roughly 300,000 products so customers can build, furnish, renovate and decorate their homes.


 


By Jonathan Schieber via Tech Crunch


 


Read full article here


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s services sector expands in Dec for 4th month, but pandemic fears linger – IHS Markit
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, Jan 6 (Reuters) – Brazil’s services sector expanded in December for a fourth straight month and at a slightly faster pace than the month before, a purchasing managers’ survey showed on Wednesday, although underlying data painted a more mixed picture.


Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but have recently shown signs that the bounceback is underway, a view strengthened by hopes a vaccine will soon be available.


 


By Jamie McGeever via Reuters India


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Enel allowed to switch on 260 MW of wind parks in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
January 5 (Renewables Now) – Brazilian power sector watchdog Aneel has given the green light to the start of commercial operations of 260 MW of wind parks owned by local units of Italian firm Enel Green Power SpA.


Aneel’s approval allows the company to generate power from the EOL Ventos de Santa Angela 6, 7, 8, 9, 10, 11 and 14 parks. These plants are situated in the cities of Queimada Nova and Lagoa do Barro, Piaui state.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil may add 9 GW of distributed solar over next two years
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
“With the financial problems of our competitors, Aldo became the largest PV product distributor in Brazil this year”, said the president of Brazil’s largest PV product distributor and system integrator, Aldo Pereira Teixeira, in an interview with pv magazine. “Currently, our market share is around 35 to 36 percent.”


Aldo currently focuses on the sale of residential, commercial, and industrial photovoltaic systems and only 3 percent of the company’s revenue is concentrated on projects with a power greater than 1 MW, in which remote self-consumption is a priority. The situation of distributed generation in Brazil is still very promising, Pereira Teixeira added. “Brazil has 89 million consumer units and only 330,000 photovoltaic systems connected to the grid; we have a huge space to keep growing.”


 


By Emiliano Bellini via pv magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil and UK to cooperate on digital transformation and innovation
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
An agreement has been signed between Brazil and the UK to accelerate digital transformation and innovation in public services delivery in the Latin American country.


Under the memorandum of understanding signed on December 29 by Acting British Ambassador to Brazil Liz Davidson and Brazilian digital secretary Luis Felipe Monteiro, the countries will be working together until March 2023.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
China’s CEEC to build 869 MW of wind, solar parks in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
December 22 (Renewables Now) – China Energy Engineering Corp (HKG:3996), also know as CEEC, announced on Monday that one of its units has secured two contracts to build 869 MW of renewable power plants in Brazil.


The deal concerns a 231-MW wind farm and a 638-MW solar photovoltaic (PV) park, both to be built in Rio Grande do Norte state. The two engineering, procurement and construction (EPC) contracts were secured by China Gezhouba Group International Engineering Co Ltd.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil: Brazil Remains Wedded To LNG Despite Upset
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
For quite some time, Brazil has garnered the right ingredients for a robust natural gas market: a large population underpinning rising energy demand, sizable reserves and a market hungry for diversification of energy sources. However, the gas market remains small compared to its vast resource base and demand potential. It is also highly concentrated.


 


By Liliana Diaz via Mondaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Foreigners Need Negative Covid-19 Exam to Fly to Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilians traveling abroad will have to present a negative Covid-19 test to the airline when embarking back to the country.


The test must be taken within 72 hours prior to departure. Foreigners traveling to Brazil are subject to the same rule, which becomes effective as of December 30 this year and can disrupt the trip of those who have planned holidays abroad.


 


By Fernanda Mena via Folha de S. Paulo


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
5 FinTech companies transforming the financial space in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is a strategic player in the global market and the most influential country in Latin America. The country is said to have the largest online population in Latin America, with 150mn Brazilians connected and 68% owning a smartphone. It is also the largest FinTech hub in Latin America, which is driven by strong growth in the digital banking segments.


According to Global Index database, there are about 48mn unbanked Brazilians. This part of the population moves nearly 204bn USD of the country’s economy per year. The articles list 5 FinTechs disrupting the financial space in Brazil.


 


By Pavithra R via IBS Intelligence


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Beef exports from Brazil to end the year at a record high
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Beef exports from Brazil are set to end the year of 2020 at a new record high in volume and revenue, the Brazilian Beef Exporters Association (ABIEC) forecasts.


The organization forecasts that the volumes shipped from January to December will reach 2.02 million tonnes, up 8.8% from a year ago. Revenues should reach USD8.53 billion by the end of the year, up 11.8% year on year.


 


By Bruna Garcia Fonseca via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s luxury real estate sees boom during pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Globally, affluent professionals are adopting a work-from-home lifestyle and affecting a mini-coronavirus exodus from dense urban centers. Brazil has the second-highest number of COVID-19 fatalities after the U.S., while the luxury real estate market is experiencing an unexpected boom.


In Rio de Janeiro’s exclusive neighborhood of Joa, real estate buyers are clamoring for the spectacular views overlooking the Atlantic Ocean.


 


By Lucreia Franco via CGTN


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
BNDES okays loan for 90-MW Powertis solar complex in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
December 16 (Renewables Now) – Brazil’s National Development Bank (BNDES) has approved a BRL-191-million (USD 37.5m/EUR 30.8m) loan to support the construction of the 90-MW Pedranopolis photovoltaic (PV) complex owned by Spain’s Powertis SA.


Located in Sao Paulo state, the PV complex consists of three solar parks scheduled to commence operations in December 2021. Once operational, Pedranopolis will be able to generate enough power to meet the demand of 125,000 homes.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Pix goes live: updated numbers on the new instant payment method in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
After much anticipation, Pix – Brazil’s instant payments platform developed by the Central Bank of Brazil – has gone live for the entire Brazilian population. The new payment method allows immediate money transfer, 24 hours a day, 7 days a week, including weekends and holidays.


By the 3rd  of December, the Central Bank of Brazil had registered over 100 million Pix keys. Now, 60% of Brazilians already prefer Pix over TED (Express Wire Transfer) and DOCs (Credit Transfer Document), according to a research carried out by C6 Bank and IBOPEdtm. Further, 91% already know about Pix and find the new payment method safe.


 


By Ralf Germer via Paypers


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Enel commences construction of 1.3-GW renewables portfolio in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
December 15 (Renewables Now) – The Brazilian green power unit of Italian energy major Enel SpA (BIT:ENEL) said on Monday it has initiated construction works on 1.3 GW of renewable energy plants in the Northeastern region of Brazil.


Enel Green Power Brasil Participacoes Ltda (EGPB) is building four wind farms and one solar plant at a total cost of about BRL 5.6 billion (USD 1bn/EUR 901m).


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Record grain harvest forecast for Brazil in 2020-2021
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian state-owned National Supply Company, or Conab, forecasts that the forthcoming harvest of grain in Brazil will amount to 265.9 million tonnes, 3.5 percent more than the last harvest and the most on record, Xinhua reports.


The Chinese government-run news agency says Conab attributes the growth it forecasts to more land being cultivated, and greater productivity.


 


Via Macau Hub


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mass adoption of AI can aid Brazil’s economic recovery, study says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian economy could benefit from a boost of up to 4.2% within the next decade if companies and governments promote large-scale adoption of artificial intelligence, according to a new study by consulting firm FrontierView commissioned by Microsoft.


The potential of GDP increase of more than four percentage points is the most optimistic scenario set out in the reseach, whereby AI use goes beyond automation and is used to create highly skills jobs, drive productivity and economic growth.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Hydro signs MoUs for renewable power projects in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Hydro has signed two Memorandums of Understanding (MoUs) with the aim to develop two renewable power projects in Brazil.


Renewable energy is an important step towards a more sustainable future, and it is a key element in Hydro’s strategic agenda. These agreements are an important step for Hydro’s newly established Renewable Growth unit, which targets to offer competitive renewable power to Hydro’s industrial assets by taking equity and operator positions in wind, solar and hydropower projects in Brazil and the Nordics.


 


By Nadine Blossom via Aluminum International Today


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s coffee exports to Arab countries up 13%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Year-to-date through November 2020, Arab countries stepped up their imports of Brazilian coffee more than any other continent or economic bloc. Those countries imported 1.89 million 60-kg bags of coffee, up 12.9% year-over-year. Foreign exchange revenue came out to USD 192.7 million, marginally down 0.3%. The numbers were made public this Wednesday (9) by the Brazilian Coffee Exporters Council (Cecafé).


Total exports from Brazil amounted to 39.8 million bags of coffee, up 5.7% from a year ago, with foreign exchange revenue climbing 6.7%, to USD 5 billion. Average price per bag increased by 1% to USD 126.45.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Is a Lone Bright Spot for Oil Demand Outside of Asia
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is providing one of the few bright spots for oil demand outside of Asia with the coronavirus continuing to ravage the U.S. and Europe.


Fuel consumption in Latin America’s largest economy has already surpassed pre-virus levels and is expected to be stronger than 2019 going into next year on the back of robust agricultural demand and more driving.


 


By Lucia Kassai via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Footwear exports from Brazil up 13.8% in November
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Footwear exports from Brazil were up 13.8% year-on-year in November to 9.55 million pairs, the Brazilian Footwear Industry Association (Abicalçados) reported this Tuesday (8). Revenue was down 23.8% to USD 53.4 million.


Flip flop exports soared by 52% year-on-year. ANBA had anticipated this trend in an article last September.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Driven by China, beef sales from Brazil up 9%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Year to date through November, beef exports from Brazil reached 14,848,067 tonnes, up 9% from a year ago, and USD7.7 billion, up 14%, the Brazilian Meat Packers Association (Abrafrigo) reported quoting the Brazilian Ministry of Economy’s Foreign Trade Secretariat figures.


According to the association, the Chinese imports in November compared to October helped keeping the 2020 growth forecast close to 10% in volume and around 15% in revenue. In volume terms, China bought 1,071,273 tonnes year to date through November, up 31% from 2019. In revenue, the Chinese market accounted for 57.9% of beef exports from Brazil, from 43.2% in 2019.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Why This Startup In Brazil Is Super-Optimistic About The Future Of Coworking Spaces
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
If you thought that coworking was a non-starter during a pandemic, think again. Eureka Coworking is a Brazilian-based startup bringing people back to their offices with a commitment to safety, flexibility, and sustainability. Headquartered in São Paulo, Brazil, Eureka Coworking has offices in that city and its environs, as well branches in Portugal. Location has become even more important with the pandemic.


“This is the perfect moment for us because most people lack sufficient space to work at home in a professional manner, and our locations nearby bike lanes and within walking distance of neighborhoods help people who want to ride bicycles or walk to work,” said Daniel Moral, co-founder and CEO of Eureka Coworking. “We talked with our clients and decided to open together using safety measures.”


 


By Susan Galer via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How emergency aid fueled economic recovery in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil’s Gross Domestic Product (GDP) numbers show that the economy is reacting to incentives such as the emergency aid program, said Ecio de Farias Costa, a professor at the Federal University of Pernambuco (UFPE), in an interview over the phone with ANBA. Brazil’s Q3 GDP was up 7.7% from Q2 to BRL 1.891 trillion (USD 364,5 bn), the Brazilian Institute of Geography and Statistics (IBGE) reported this Thursday (3).


Emergency aid was made available in April by the federal government to citizens deemed most vulnerable to the economic crisis triggered by the novel coronavirus – those unemployed or whose monthly per capita household income fell short of half a minimum wage. Aid was supplied in instalments of BRL 600 (USD 115), or BRL 1,200 (USD 230) for women-led households. By September, the aid was extended through December 31, in just four instalments of BRL 300 (USD 57), and double that amount for single-mother families. For these latter instalments, however, the criterion changed, and not everyone was able to get the cash.


 


By Thais Sousa via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil energy sector to thrive next decade
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The 2020s will be a key decade for Brazil, not only for oil and gas projects, but for the energy sector in general, as pre-salt production continues to soar to new highs and operators begin a gradual shift to cleaner energy sources.


“Next year will be huge, not only for Brazil’s deep-water and offshore plays, but as Brazil also moves to unlock the onshore,” Genesis Energies South America general manager Rodolpho Athayde told Upstream’s recent Brazil Oil & Gas digital event.




By Fabio Palmigiani via Upstream




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s services sector expands in November, but growth slows, IHS Markit says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, Dec 3 (Reuters) – Brazil’s services sector expanded in November for a third straight month but at a slower pace than the month before, a purchasing managers’ survey showed on Thursday, as worries over a second wave of the coronavirus cooled the recent recovery.


Services have lagged manufacturing and industry in the rebound from the COVID-19 crisis but had recently shown signs – particularly in job growth – that the bounceback was finally underway.


 


By Jamie McGeever via Reuters


 


Read full articles here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Chubb and Nubank Launch Fully Digital Life Insurance Offering in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
NEW YORK and SAO PAULO, Dec. 1, 2020 /PRNewswire/ — Nubank and Chubb today announced the launch of a fully digital life insurance offering in Brazil. With the introduction of Nubank Vida, the largest independent digital bank in the world enters the insurance market with a fast, seamless and personalized capability available to its 30 million customers across Brazil. Nubank Vida is underwritten by Chubb, the world’s largest publicly traded property and casualty insurer with operations in 54 countries and territories. Nubank Vida was developed using the integration capabilities of Chubb Studio, the global digital product distribution platform announced by Chubb in September.


The Nubank life insurance offer is fully customized to allow the customer to enjoy a seamless experience where quotes, bill payment and account management are all transacted digitally. Basic coverage includes natural or accidental death and funeral assistance, as well as living benefits covering hospitalization for accident, disability for accident and funeral assistance for family members.


 


Via Cision PR Newswire


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Vestas wins 534 MW order in Brazil to extend Casa dos Ventos’ wind farm
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Vestas wins 534 MW order in Brazil to extend Casa dos Ventos’ wind farm and make it the largest wind power project in Latin America.


Casa dos Ventos, one of the pioneers and largest investors in the development of wind energy projects in Brazil, has placed a 534 MW order for the second stage of the of the Rio do Vento complex, located in the state of Rio Grande do Norte in Brazil. The extension will add to the 504 MW first phase of the project that is currently under construction, and the combined complex of more than 1 GW will be the largest wind farm in Latin America to date.


 


Via Reve


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil: General View Of The Project “Transfer Pricing In Brazil”
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In February 2018, the OECD and Brazil started a joint project to analyze the similarities and differences between Brazilian legislation and the transfer pricing (“TP”) frameworks to assess cross-border transactions between associated enterprises from a tax standpoint. This project is within the scope of Brazil’s initiative to engage with the OECD in tax-related projects, and, in a broader respects, consistent with Brazil’s interest in initiating the process to join the OECD.


Stages of the Project


The project had three stages:


    

  • Stage 1: preliminary analysis of the legal and administrative framework of Brazil’s transfer pricing rules;
    • 

  • Stage 2: assessment of the strengths and weaknesses of Brazil’s existing transfer pricing rules and administrative practices; and
    • 

  • Stage 3: options for alignment with the OECD transfer pricing standard.
    • 



 


By Ivan Tauil and Thais Rodrigues via Mondaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s new basic sanitation legal framework A pathway for the transformation of the sanitation sector in Brazil and for private investors to be part of the change
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
In brief


In July 2020, Brazil’s New Sanitation Legal Framework was approved. It aims at the universalization of sanitation and water supply in Brazil by 2033 by attracting investment of USD128 billion. The new regulatory framework is expected to transform the nation’s water and sanitation sector, creating a business environment with more competition and legal certainty, and fostering domestic and foreign private investment in the sector.


Introduction


On July 15, 2020, Brazilian President, Jair Bolsonaro, sanctioned Federal Law No. 14.026/2020, also called as Brazil’s New Sanitation Legal Framework. This new regulation had been awaited with great anticipation and promises to change the way water and sanitation services are provided in the country by bringing more stability and legal certainty and enabling domestic and foreign private investment in the sector.


 


By DLA Piper via Lexology


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil trials facial recognition with retired public servants
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government has announced a facial recognition trial with retired public servants to support the process of periodic verification that the beneficiary is alive in order to continue receiving of benefits.


The trial underpinning the process will be carried out with 10,000 retired federal civil servants and pensioners and the participants will be able to follow the process through a people management mobile app developed for federal government staff. If the pilot is successful, the functionality will be extended to 700,000 people.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil eyes $100 billion annual exports to China within a decade – Guedes
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Economy Minister Paulo Guedes lauded the economic boost from Brazil’s policy mix of low interest rates and a weak exchange rate, forecasting that exports to China will reach $100 billion a year within a decade.


In two online live events, Guedes also reiterated his view that the economy is undergoing a “V-shaped” recovery and creating jobs, and said the government’s economic reform program will accelerate once this month’s local elections are done.


 


By Jamie McGeever and Marcela Ayres via Hellenic Shipping News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil on track to end recession early 2021, as private activity speeds up
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s economy probably rebounded at a record quarterly pace in July-September and was on track for a better start to 2021 than previously thought, as businesses and households recovered from the first surge in COVID-19 cases.


But on a year-ago basis, gross domestic product (GDP) in Latin America’s No. 1 economy is still expected to shrink, as well as in the current quarter and modestly in the first three months of 2021, marking five straight quarters of contraction.


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Canadian Solar signs PPAs for 862 MWp of solar in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
November 24 (Renewables Now) – Canadian Solar Inc (NASDAQ:CSIQ) has recently signed power purchase agreements (PPAs) covering 862 MWp of new solar capacity in Brazil.


The first contract was sealed with Brazilian investment bank and energy trader Banco BTG Pactual SA (B3:BPAC11). Under its terms, Canadian Solar will supply electricity from a 170-MWp cluster of projects located in Minas Gerais state for a 12-year period.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Linx set to be acquired by StoneCo for $1.28 billion
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Shareholders of Brazilian software firm Linx have agreed to back an acquisition offer from NASDAQ-listed payments processor StoneCo.


The transaction is valued at 6.8 billion reais ($1.28 billion), making it one of the largest ever deals involving a Brazilian technology company. The approval of 63% of Linx’s shareholders for the takeover offer ends a bidding war that saw StoneCo competing with Brazilian ERP giant Totvs since August.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil in 2021: The focus is on fiscal policy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s economic policy response to the pandemic was unusually aggressive by emerging market standards. The monetary easing was perhaps the most forceful in EM when you consider the current level of the policy rate of 2%, relative to the ten-year historical average of 10%. The persistent FX sell-off has been the primary side-effect of that easing, which is, arguably a minor concern in the current low-inflation environment.


Much more consequential has been the fiscal stimulus enacted, especially the household income transfers to help offset wage income lost to Covid-19 movement restrictions.


 


By Gustavo Rangel via Think.ING


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Facebook’s WhatsApp Gets Another Shot At P2P In Brazil As Google Shows Interest
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
WhatsApp is getting another crack at grabbing a slice of Brazil’s fast-growing payments market.


Facebook’s messaging service will soon get a green light to start providing peer-to-peer (P2P) payment services in Brazil, Roberto Campos Neto, head of the country’s central bank, said at a news conference Monday (Nov. 16), Reuters reported.


Campos Neto also noted Brazil’s central bank has talked to other Big Tech firms like Google about their interest in offering instant payments services in the country, Reuters reported.


 


Via Pymnts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Is Emerging As The World’s Leading Offshore Oil Producer
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy. The scale of Brazil’s deep-water offshore oil boom is underscored by the pre-salt Tupi oilfield which for the third quarter of 2020 reached the impressive milestone of having pumped two billion barrels of accumulated oil production in the decade since commercial oil production began. A key reason for this is the rapidly growing popularity of the sweet medium crude oil grades produced from Brazil’s pre-salt oil fields, notably Tupi the world’s largest deep-water oilfield, and the Buzios field.


 


By Matthew Smith via Oilprice.com


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Uber to accept fast payments in Brazil in partnership with Ebanx
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) – Uber Technologies Inc started on Monday to take instant payments in Brazil in partnership with payments startup Ebanx, both companies said.


More than 60 million people had already signed up to the newly launched instant payments platform, so-called Pix, before its full operation started this Monday. It allows consumers and companies to make money transfers 24 hours a day, seven days a week, without requiring debit or credit cards.


 


Via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mercado Livre announces the opening of five additional distribution centers in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
This week, we saw Amazon’s announcement of the opening of three more logistics centers in Brazil – in three different states – which are expected to meet demand for Prime deliveries from the US retailer’s subscription service. Now, its Argentinian competitor in Brazil, Mercado Livre, has followed the same path and has announced that it will open five more distribution warehouses in the country.


According to the company, the five new centers will start operating in early 2021 and will be spread across three Brazilian states: Minas Gerais, Santa Catarina and São Paulo.


 


By Re: Jerusalem


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Of the Ten Best Universities in Latin America, Three Are Brazilian
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Among the ten best universities in Latin America, three are Brazilian public education institutions. The ranking released by the British consultancy QS (Quacquarelli Symonds) evaluated USP, Unicamp and UFRJ as the most prestigious in the country.


The survey, published annually, evaluated 410 educational institutions from 20 countries in the region. The ranking is led, as in the previous year, by the Pontifical Catholic University of Chile.


 


By Isabela Palhares via Folha de S. Paulo


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Saudi Arabia’s poultry imports from Brazil up 22%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Saudi Arabia’s poultry imports from Brazil were a highlight in October at 44,900 tons, up 22% year-on-year. The information was made public by the Brazilian Animal Protein Association (ABPA) this Wednesday (11).


Last month saw 319,700 tons of poultry shipped abroad from Brazil, down 9.4% year-on-year. Exports fetched USD 446.8 million, down 21.2%.


 


By Thais Souza via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Amazon grows delivery network in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
(Bloomberg)—Amazon.com Inc. is opening three new distribution centers in Brazil, marking its biggest logistics push in Latin America’s largest market as competition intensifies amid the coronavirus pandemic.


The expansion, which comes two months after the U.S. ecommerce giant launched its largest distribution center yet in the country, adds 75,000 square-meters to Amazon’s logistics infrastructure. It also gives it more bandwidth, raising to 500 the number of cities with deliveries in less than 48 hours—just shy of 10% of municipalities in Brazil.


 


Via Digital Commerce 360


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Footwear exports from Brazil up in October
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazilian footwear exports saw a slight month-on month growth in October, following a trend of gradual rebound from the economic impact of the pandemic. According to the Brazilian Footwear Industry Association (Abicalçados), October saw 10.43 million pairs of shoes shipped from Brazil, up. 28.6% month on month; revenue came out to USD 55.4 million, up 4.8%.


Year on year, though, volume was down 6.1%, and revenue 36.8%. Year to date through October, exports reached 74.9 million pairs of shoes, down 22.3%, for USD 545.35 million, down 33.6% from a year ago.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
RPT-CHINA’S OCT SOYBEAN IMPORTS SOAR TO 8.7 MLN T ON RISING BRAZILIAN, U.S. CARGOES
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BEIJING, Nov 7 (Reuters) – China’s soybean imports jumped 41% in October from a year ago, according to data from the General Administration of Customs released on Saturday, as delayed Brazilian cargoes cleared customs and U.S. soybean arrivals grew.


The world’s top soybean importer brought in 8.69 million tonnes of the oilseed in October, up from 6.18 million tonnes in the same month of the previous year, as crushers booked Brazilian beans earlier on good crush margins and as more U.S. beans started to flow in, the data showed.


 


By Hallie Gu and Kevin Yao via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
U.S. Seizes $24 Million In Cryptocurrency On Behalf Of Brazilian Government
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The U.S. Department of Justice (DoJ) has announced yesterday (4) the seizure of virtual currency worth around $24 million on behalf of the Brazilian government as part of an investigation into a large-scale fraud scheme.


According to the Brazilian authorities, more than US$ 200 million was obtained through the cryptocurrency fraud scheme, which is believed to have impacted “tens of thousands” of investors.


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to lead MERCOSUR talks; Deeper cooperation in defence, space, Ayurveda and agriculture, says India’s envoy to Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
To further strengthen their ties, India and Brazil elevated their bilateral relations to a strategic partnership in 2006 and since then the relationship has witnessed an upward trend. President Jair Bolsonaro was the chief guest at the Republic Day this year. The largest economy in Latin America, Brazil offers a huge market for a wide range of Indian manufactured goods. Also, it is a country with a lot of natural resources and can help India in various sectors especially in agri-tech, bio-energy, pharmaceuticals, oil and defence and space.


Suresh K Reddy who has in September this year assumed charge as Ambassador of India to Brazil talks with Huma Siddiqui on a wide range of topics. Following are excerpts:


 


By Huma Siddiqui via Financial Express


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil have digital version of Real, confirms minister Paulo Guedes
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
During a ceremony held on Wednesday (4), the Minister of the Economy, Paulo Guedes, confirmed that Brazil will also have a digital currency. The project is already under study by the Central Bank (CB) and will be a direct consequence of the adoption of the PIX.


Guedes didn’t even mention the details of the project, but the idea of ​​a digital currency has already been explored by several countries around the world. The most advanced example is Chinese, since the country’s government has already launched the digital yuan.


 


Via Re: Jerusalem


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Industry Posts Longest Streak of Monthly Gains Since 2012
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
(Bloomberg) — Brazil’s industrial production rose for the fifth straight month in September, representing the longest streak of gains since 2012, as billions of dollars in fiscal stimulus spurs broad-based consumer demand.


Output rose 2.6% from August, above the median estimate for a 2.4% gain from economists in a Bloomberg survey. Industrial production increased 3.4% from a year ago, returning


 


By Mario Sergio Lima via Bloomberg Quint


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Black Silicon Valley could be an epicenter of innovation in Latin America
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Over the last five years, Brazil has witnessed a startup boom.


The main startups hubs in the country have traditionally been São Paulo and Belo Horizonte, but now a new wave of cities are building their own thriving local startup ecosystems, including Recife with Porto Digital hub and Florianópolis with Acate. More recently, a “Black Silicon Valley” is beginning to take shape in Salvador da Bahia.


 


By Paulo Rogério Nunes and Tara Collier via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil has a super port in the southern state of Rio Grande do Sul
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
After two years of dredging works using a federal investment of R$ 500 million, (some 80 million dollars) the Port of Rio Grande – the main port in the southernmost Brazilian state of Rio Grande do Sul – will be able to receive vessels of up to 366 meters in length. This is because the port’s new draft, (15 meters) was officially approved on October 26th.


Thanks to the removal of more than 16 million cubic meters of sediment, the operational draft of the so-called internal channel, where the most important port terminals and the largest flow of cargo are located, went from 12.8 to 15 meters. The depth, which was 14.2, is now 16.5 meters. The handling capacity now meets international navigation standards, and the port is able to receive vessels of up to 366 meters in length- a difference of 29 meters in relation to the previous capacity of 337 meters in length.


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Distributed Generation Provides Hope of Energy for the Poor in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
RÍO DE JANEIRO, Oct 28 2020 (IPS) – “Showing solidarity is consuming the energy generated in your own municipality” – this is the motto of a project of distributed electricity generation in one of Brazil’s many poor neighbourhoods.


“Sertão (the word for the country’s semiarid hinterland) with solidarity” is how the director of the Brazilian Association of Distributed Generation (ABGD) in the southeastern state of Minas Gerais, Walter Abreu, named the project. The organisation promotes solar energy in the north of that state, where 1.5 million of the state’s 2.7 million people live in poverty and half of these in extreme poverty.


 


By Mario Osava via Inter Press Service


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Microsoft announces tech training partnership with Brazilian government
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The Brazilian government has announced a partnership with Microsoft to train millions of citizens in technology subjects over the next three years.


Under the Mais Brasil (More Brazil) program, a remote education platform developed in partnership with the Ministry of Economy offers 20 courses through the Microsoft Community Training tool, with the capacity to train up to 5.5 million job seekers by 2023.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BNDES okays funding for 505 MW of solar in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
October 26 (Renewables Now) – Brazil’s National Development Bank (BNDES) said on Friday it will support the construction of 505 MW of solar projects through loans of over BRL 1.1 billion (USD 195.7m/EUR 165m).


Some BRL 910 million of the total will be used for the 415-MW Sol do Sertao Solar Complex in Oliveira de Brejinhos, Bahia state. Brazil’s Essentia Energia is the project developer.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian anhydrous ethanol hits historical high amid bullish fundamentals
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Santos — The Brazilian anhydrous ethanol market hit its highest traded value on Oct. 21 amid a scenario of fuel consumption increase, lower ethanol production and a lack of imports from the US.




S&P Global Platts assessed anhydrous ethanol ex-mill Ribeirao Preto on Oct. 21 at Real 2,530/cu m ($451.07/cu m), up 13.71% on the month and 17.95% on the year. The assessment was the highest since Platts started to assess this market in April 2014.


 


By Nicolle Monteiro de Castro via S&P Global Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Guedes Signs An Agreement to Finance US Exports to Brazil that May Reach US $ 1 billion
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
During the last visit of a delegation from the Donald Trump administration to Brasília, Minister Paulo Guedes (Economy) and the president of Exim Bank (Bank of Exports and Imports of the USA), Kimberly Reed, signed a memorandum to identify financing possibilities for exports from that country to Brazil that may add up to US $ 1 billion.


The document signed at the Itamaraty ceremony establishes commitments between Brazil and the USA to advance cooperation on trading goods and services, especially in telecommunications and 5G, energy, infrastructure, logistics, mining, and manufacturing.


 


By Ricardo Della Coletta, Thiago Resende and Gustavo Uribe via Folha de S. Paulo


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Covid-19 prompts increase in contactless use in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The new coronavirus pandemic has prompted an increase in contactless payments in Brazil, though the method has yet to take off, according to a new study released by Visa.


According to the research, contactless payments made through cards, smartwatches and other mobile devices accounted for about 3% of all payments processed by the company between January and June 2020, compared to 1% in the same period last year.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to play a stronger role in Arab food security
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Brazil will play an even more important role in Arab food security. That was one projection for the Arab-Brazilian relations expressed by Arab Brazilian Chamber of Commerce (ABCC) president Rubens Hannun during the opening ceremony of the Economic Forum Brazil & Arab Countries on Monday (19). The ceremony featured Brazil’s president Jair Bolsonaro and Arab League secretary-general Ahmed Aboul Gheit.


The event is themed “The Future is Now.” Hannun said that the Arab countries are becoming a global standard in technology, environmental preservation, and sustainable production. “Brazil, in turn, will play an even more prominent role in the Arab food security. Therefore, there is plenty of potential to create and expand alliances,” Hannun said.


 


By Isaura Daniel via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BlackRock plans huge expansion in Brazilian ETF market
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BlackRock is planning to cross-list “up to 100” of its overseas exchange traded funds in Brazil to take advantage of a boom in investment sparked by plunging interest rates and market liberalisation.


The world’s largest asset manager said it hoped the ETFs would be available by the end of March next year, which would mark a huge expansion on its existing range of five São Paulo-listed ETFs.


 


By Steve Johnson via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. steps up cooperation with Brazil for post-pandemic recovery
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) – The United States boosted its financial cooperation with Brazil on Monday to help the South American nation’s economic recovery from the coronavirus pandemic with a loan to its largest private bank.


The U.S. International Development Finance Corporation (DFC) has extended a $400 million loan to Itau Unibanco Holding SA ITUB4.SA which should be used to finance small companies in Brazil, DFC said in a statement on Monday.




By Leonardo Benassatto and Carolina Mandl via Reuters






			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agriculture giants team up on blockchain platform to track grains in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The world’s largest grains and oilseeds companies, American giants Bunge and Cargill, have joined together to create the joint venture Covantis, which will use blockchain technology in the agricultural sector in Brazil.


The unprecedented project foresees the exchange of information between all members of Covantis, which also includes the participation of other agribusiness giants such as the French Louis Dreyfus Company (LDC), the Chinese state-owned company Cofco International and the Dutch multinational Glencore Agriculture.


 


By Cassio Gusson via Cointelegraph


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRAZIL TO DISCUSS ELIMINATING TARIFFS ON CORN AND SOY
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
RIO DE JANEIRO, Oct 15 (Reuters) – The Brazilian government is set to discuss on Friday a proposal that would temporarily eliminate tariffs on corn and soy imports from countries outside the Mercosur trade block, a source with direct knowledge of the matter told Reuters.


The matter will be decided during a meeting of Gecex, a technical body within the Economy Ministry, said the source, who requested anonymity to discuss confidential matters.


 


By Rodrigo Viga Gaier via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Enel allowed to fire up 96 MW of solar plants in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
October 15 (Renewables Now) – Brazilian power sector watchdog Aneel has given the green light to the start of commercial operations of 95.68 MW of solar plants owned by local units of Italian firm Enel Green Power SpA.


Aneel’s approval allows the company to generate 50 MW from the UFV Sao Goncalo 5 park and 45.68 MW from UFV Sao Goncalo 6.


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Harnessing Food Waste to Empower Communities in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Take a dozen banana peels, wash them gently with a brush under running water, then chop them into small pieces. Next, blend the peels with five spoons of cacao and a cup of ice water. Once the lumps have been removed, place the mixture in a hot, buttered pan and stir it for five minutes. Let it cool down to thicken, and then roll the resulting dough into small spheres. Lastly, dip the balls into sesame or peanut powder, and you’ll have a brigadeiro, an iconic Brazilian dessert.


But this is not the standard version of the sweet: It’s a unique variant created by Regina Tchelly, a 39-year-old Brazilian chef and resident of Rio de Janeiro’s Babilônia slum.




By Agostino Pestroni via EcoWatch




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian coffee exports hit record in September
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Coffee exports from Brazil hit an all-time high in September at 3.8 million bags shipped. The number includes green, soluble, and roast and ground coffee. Shipped volume was 8.6% higher than in September 2019, and the biggest amount ever shipped in a September.


September exports fetched USD 458 million, up 3.6%. Revenue in local currency was BRL 2.5 billion, up 35.7% due to a US dollar hike. Price per bag averaged at USD 120.7. The numbers are from the Brazilian Coffee Exporters Council (Cecafé).


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Tender launched for utility-scale floating PV in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Empresa Metropolitana de Águas e Energia (EMAE), the energy supplier for the Brazilian state of São Paulo, has launched a tender for the deployment of four utility-scale floating PV projects.


The arrays will be built at the largest water reservoir in the state, which hosts an 880 MW hydroelectric power plant. The power station supplies electricity to about 1.8 million people, and is also used for fishing and swimming.


 


By Emiliano Bellini via PV Magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Large wind project to double renewable energy capacity in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
(Florianopolis/Oslo, 07.10.2020) Statkraft is ready to start construction of its Ventos de Santa Eugenia wind project in northeastern Brazil, after closing a turbine supply contract with German wind turbine manufacturer Nordex. Statkraft’s largest wind project in South America will more than double its renewable energy capacity in Brazil.


The 519 MW wind project entails 10 wind farms with a total of 91 turbines in the state of Bahia, located close to Statkraft’s existing Bahia wind power assets. Given the excellent wind conditions in the area, the project will generate almost 2.3 TWh of renewable energy per year, enough to supply 1.17 million Brazilian homes.


 


Via GlobeNewsWire


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Foreign-backed consortium in talks for Petrobras gas fields in Brazil, sources say
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
RIO DE JANEIRO/SAO PAULO (Reuters) – A consortium of Brazil’s 3R Petroleum and Norway-linked DBO Energy is in bilateral talks with Brazil’s Petrobras to purchase a cluster of offshore natural gas fields, according to two sources with direct knowledge of the matter.


The Peroa cluster, located off the coast of Espirito Santo state, would be among the first all-gas offshore fields sold by Petrobras amid a larger push to break the company’s near-monopoly in Brazil’s natural gas value chain.


 


By Gram Slattery and Carolina Mandl via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Beef exports from Brazil up in volume terms
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Beef exports from Brazil were up 2% in terms of shipped volume year-on-year in September, the Brazilian Meat Packers Association (Abrafrigo) reported this Wednesday (6) quoting federal government numbers. The month saw 166,300 tons of raw and processed beef shipped. Export revenues decreased by 2% to USD 668.7 million.


Year-to-date through September, beef exports climbed 10% to 1.4 million tons, while revenue went up 20% to USD 6.1 billion.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil advances in digital competitiveness ranking
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s capacity and readiness to adopt and explore digital technologies for economic and social transformation has seen some improvements, according to a study published this week by Swiss business school International Institute for Management Development (IMD). The country climbed six positions in this year’s World Digital Competitiveness Ranking (WDCR) in relation to 2019, ranking 51st in a list of 63 countries.


The IMD ranking scrutinizes the digital competitiveness of nations based on the intangible infrastructure necessary for the learning and discovery aspects of technology, as well as the level of preparedness of an economy to carry out its digital transformation. In addition, it quantifies the landscape of developing digital technologies.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil GDP decline set for less than feared at 5.8%: IMF
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
WASHINGTON: Brazil’s economy is set to shrink by 5.8 per cent in 2020, the International Monetary Fund said on Monday (Oct 5), revising up an earlier forecast but warning the country faced “excpetionally high” risks.


“The economy is projected to shrink by 5.8 per cent in 2020, followed by a partial recovery to 2.8 per cent in 2021,” the IMF said in its annual report on Latin America’s largest economy.


 


Via CNA


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Wind energy generates 19,000 jobs in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The wind power, the second source of electric power in Brazil, behind the hydroelectric, represents 19,000 jobs in Brazil, as compared to 34,000 in 2018. Even with the fall, Brazil remains among the 10 most used in the world. this segment, behind China, Germany, United States, India, United Kingdom, Denmark, Mexico, Spain and the Philippines. The report states that, before the start of the COVID-19 pandemic, the wind sector was expected to expand due to planned installations.


Around 80% of this market is located in the northeast, which has the best wind conditions. The report indicates that local containment requirements and subsidized services for project developers have strengthened the national supply chain for wind turbines. It is also of high impact in the production of towers and the most moderate effect in the manufacture of wind turbines. The national content in the Brazilian wind sector is currently estimated at 80%.


Via Reve


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil runs record trade surplus
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brasília – Imports slowed down faster than exports in September in Brazil, yielding a record-high trade surplus. Exports exceeded imports by USD 6.164 billion, the strongest result for the month since record-keeping began in 1989.


Both exports and imports decreased during the month. Average daily exports from Brazil were down 9.1% year-over-year to USD 18.459 billion. Average daily imports slid by 25.5% to USD 12,296 billion.


 


Via Brazil-Arab News Agency


 


Read full article here


 

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s LGPD Takes Effect – With Early Enforcement
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil represents over half of all IT spend in Latin America, has the largest regional market for software outsourcing, employs a sizable IT workforce, manufactures consumer goods (including commercial airplanes and cars) and has an active consumer market of social media operated by global data aggregators. At a time when data privacy is becoming increasingly important to consumers, it seems only fitting that Brazil would adopt comprehensive privacy legislation to protect data privacy rights.


The General Data Protection Law, the first law of its kind in Brazil, is now in effect, and we are already seeing enforcement. Streamlining the legal framework on data protection, the law sets forth a number of requirements addressing legal bases for processing, individual rights, governance and accountability and data transfers. Here’s what you need to know.


 


Laura E. Jehl and Matthew R. Cin via The National Law Review


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Statkraft to build 519-MW wind complex in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
September 29 (Renewables Now) – Norwegian state-owned energy company Statkraft AS will invest roughly BRL 2.5 billion (USD 444.6m/EUR 381m) in the development of a 519-MW wind complex in Brazil.


Named Ventos de Santa Eugenia, the asset is expected to break ground in January 2021 and have its first turbines generating power in 2022. Full completion is set for 2023, boosting Statkraft’s capacity in the country to 967 MW.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
USTDA Supports Broadband Network Expansion in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Luís, Brazil – The U.S. Trade and Development Agency has awarded a grant to the Brazilian telecommunications company Equatorial Telecomunicações S.A.to facilitate the development of a broadband network backbone in the country’s northeast region. The project is specially designed to enhance connectivity and extend government services for more than three million people in Brazil.


“In today’s connected world – and particularly during the COVID-19 era – reliable internet and reliable access to digital services are more important than ever,” said Todd Abrajano, USTDA Chief Operating Officer and Head of Agency. “USTDA’s support for this project will connect millions more Brazilian citizens and businesses to broadband infrastructure and deepen Equatorial’s understanding and familiarity with innovative ICT solutions from U.S. industry.”


 


Via USTDA


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Wheat harvested in Brazil’s semiarid for first time ever
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Wheat has been harvested in Ceará, a dry state with scant water resources in Northeast Brazil, for the first time in history. The farming project was developed by the Brazilian Agricultural Research Corporation (Embrapa) in partnership with milling company Santa Lúcia. The first stage took place in a semiarid area, with a fast planting-to-harvest cycle and high yields.


Although the actual planting only started recently, the tropical cultivars (pictured above) that enabled the project started being developed 15 years ago. These varieties do not require much water, so they are well-suited to Ceará as well as the Arab countries across the Middle East and North Africa. “We have the genetic material for four varieties of tropical wheat. We picked the two that performed best, which were BRS404 and BR264,” Osvaldo Vieira, head of Embrapa’s wheat division Embrapa Trigo, told ANBA over the phone.


 


By Thaís Sousa via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Pandemic accelerates wearables market in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The wearables market in Brazil has seen an acceleration during the second quarter of 2020, according to new numbers from market analyst firm IDC.


Sales of devices grew by 21.1% between April and June in Brazil compared to the second quarter of 2019. During the period, 208,350 fitbands and smartwatches were sold, according to the report.


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
30ª Conferência Anprotec de Empreendedorismo e Ambientes de Inovação
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
Entre os dias 23 e 25 de novembro próximo, ocorrerá a 30ª Conferência Anprotec de Empreendedorismo e Ambientes de Inovação, em formato online. O evento da Associação Nacional de Entidades Promotoras de Empreendimentos Inovadores (Anprotec) terá como tema central este ano “Ambientes de Inovação 4.0 – Desafios e Oportunidades na Nova Dinâmica Global”.


 


A Anprotec lançou uma Chamada de Trabalhos, escritos por até cinco autores brasileiros ou estrangeiros, a serem submetidos em duas categorias:


 


(a) artigos inéditos, com até 4.000 palavras, em português ou inglês, e com resumo em português e inglês;


(b) relatos de boas práticas em empresas e ambientes de inovação, em português com, no máximo, 1.500 palavras e resumo estruturado em português e inglês, que deverão narrar experiências e soluções criativas adotadas para a resolução de problemas e seus respectivos resultados.


Os artigos e relatos deverão estar vinculados a, pelo menos, um dos seguintes temas:


 


– Capital Humano: papel e desafios nos Ambientes de Inovação 4.0;


– Inovação Aberta: ecossistema de inovação como instrumentos de transformação das indústrias tradicionais;


– Tecnologia: o papel dos ambientes de inovação para a geração de tecnologia na nova dinâmica global;


– Cidades: ecossistemas de inovação como alavancas para o desenvolvimento urbano sustentável; S;


– Financiamento: novos modelos de sustentabilidade para os ambientes de inovação.


 


Os autores que obtiverem as maiores notas receberão as seguintes premiações:


– Melhor artigo completo: certificado para todos os autores e crédito de R$ 2.000,00 (dois mil reais) em cursos e eventos promovidos pela Anprotec;


– Melhor boa prática em empresa e ambiente de inovação: certificado e crédito de R$ 1.500,00 (um mil e quinhentos reais) em cursos e eventos promovidos pela Anprotec.


 


As inscrições poderão ser realizadas até o dia 28 de setembro na página eletrônica https://easychair.org/account/signin?l=5qxiJBnnkfkhWRUut0eEtc#

Mais informações sobre a Chamada estão disponíveis no edital em https://anprotec.org.br/site/wp-content/uploads/2020/08/Chamada-de-Trabalhos_ConferenciaAnprotec2020.pdf

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil cuts imports duties to zero on more COVID items
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – More 12 products related to the fight against the coronavirus were included in the list of goods with temporary import tax exemption in Brazil. Last week, in addition to increasing the number of exempted products, the government extended the exemption for products included in the previous list. The resolution was in force until September 30 and was extended until October 30. COVID-19 vaccines were included in the list.


The 12 products that were added were hemostatic agent in gel composed of gelatin and thrombin, COVID-19 vaccines, parenteral feeding emulsion, multivitamins, glico-physiologic solutions, electrolyte solution with pH 7.4, four types of solution in PVC bags, and surgical hemostatic made with resorbable collagen.


 


By Guilherme Miranda via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EBANX and PayPal expand digital wallet potential in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Payment solutions company EBANX has integrated with PayPal in a bid to maximise the potential of digital wallets in Brazil.


The partnership will mean that EBANX reaches a customer market of over 50 million people, furthering its overall mission of opening up Latin America to global businesses and vice versa.


Founded in 2012, the company is an ardent believer in the power of democratised finance to drive culture, education and entertainment. Already connected with other leading digital payment platforms – Apple Pay and Google Pay – this latest development broadens consumer choice significantly.


 


By William Girling via FinTech


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil industrial confidence surges to highest in almost 8 years -survey
					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
BRASILIA, Sept 21 (Reuters) – Brazilian industrial confidence jumped in September to its highest in almost eight years, a survey showed on Monday, underscoring the sector’s strong rebound from the coronavirus lockdown and divergence from the services side of the economy.


The Fundacao Getulio Vargas’s national industrial confidence index for September rose to a seasonally adjusted 105.9 from 98.7 in August, according to preliminary figures, the index’s highest reading since January 2013.


 


By Jamie McGeever via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil To See Extra LNG Imports, Growing Natural Gas Demand Over Next Decade
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil is set to be the center of new liquefied natural gas (LNG) demand activity in Latin America at least over the next decade, according to experts who spoke at a webinar Tuesday organized by the Institute of the Americas.


“Gas remains the transition fuel in Brazil because it allows for the highest possible penetration of wind and solar,” said Roberto Ferreira da Cunha, the director of consultancy BRG Energy & Climate for South America. He added that Brazil has 10 new LNG import plants in different phases of study.


 


By Christopher Lenton via Natural Gas Intelligence


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil contracts 8.5m litres in 75th biodiesel auction
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
September 21 (Renewables Now) – Brazil’s Petroleum, Natural Gas and Biofuels Agency (ANP) announced on Friday that the country’s 75th complementary biodiesel auction contracted 8.5 million litres (2.3m gallons) in total.


The average price of BRL 5.723 per litre achieved in the tender resulted in a final contract value of around BRL 48.65 million (USD 9m/EUR 7.6m). In all, six producers offered some 9.5 million litres in the tender.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Tariff Rate Quota for Ethanol Extended for 90 Days
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazil’s tariff rate quota for ethanol has been extended for an additional 90 days, starting September 14. After expiring on August 31, a 20 percent tariff was temporarily applied to all U.S. ethanol. U.S. corn and ethanol groups expressed disappointment in the move, saying, “we would have preferred Brazil abandon its ethanol import tariffs entirely and resume its free trade posture on ethanol.”


 


Via American AG Radio Network


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil confident it can meet China’s growing appetite for iron ore
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Brazilian officials say there is no room for fear when it comes to the country’s capacity to keep up with Chinese demand for iron ore. Iron ore prices hit six-and-a-half year highs last week as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago.


In the past three months China’s iron ore imports have climbed 20% year on year, while year-to-date they are up 11% compared to 2019.


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Short-term capacity contracts to boost competition on Bolivia-Brazil Gasbol pipeline
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
New York — Brazil’s largest natural gas import pipeline will soon offer short-term transportation contracts for firm and interruptible capacity as regulators look to expand third-party competition and market access.




Following a Sept. 9 regulatory approval for the move, short-term capacity on the 1.1 Bcf/d Bolivia-Brazil Gasbol pipeline could be made available as early as October, the National Petroleum Agency said in a press release.


 


By J. Robinson via S&P Global Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil exports 4,000 head of cattle to Lebanon
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – This Thursday (10) at the Rio Grande Port 4,000 head of cattle will start being loaded for shipping to Lebanon, alongside 22,000 head of cattle bound for Turkey. The animals hail from Estância del Sur farm, in Capão do Leão, an area near Pelotas in Rio Grande do Sul. The calves are cross-bred from European breeds such as Angus and Brangus. They have been sourced from different farms across the state, are aged from seven to twelve months, weigh about 250 kg each, and are uncastrated.


It will take at least five days to get all the animals onto the ship. According to Leila Vettorello, the general manager for sales and operations with port operator Sagres – which is responsible for shipping the 6,000 animals to Lebanon and 14,500 of the animals bound for Turkey –, the reason for that is the availability of trucks and the time it takes for them to get to the port. The Panamanian ship MV Nada can accommodate all of the cattle at once. The journey is expected to take 28 days. Operator Vanzin is responsible for the remaining 7,500 head of cattle going to Turkey.


 


By Bruna Garcia Fonseca via ANBA


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil has the potential to step up exports to Morocco
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – There is a world of products that could be exported from Brazil to the Moroccan market. Such was one of the conclusions drawn in the webinar “Morocco and Brazil: Agribusiness Connecting continents,” hosted by the Arab Brazilian Chamber of Commerce (ABCC) this Wednesday (9) and viewed by an audience of 880 people. The agricultural attaché at the Embassy of Brazil in Morocco, Nilson Guimarães (pictured above), made the argument during the online event hosted by ABCC president Rubens Hannun.


Guimarães said Brazil can supply more coffee and tropical fruit to Morocco, as well as genetic material for poultry and livestock and what he called Brazilian biodiversity products such as yerba mate, babaçu oil, Baru nut, Brazil nut and açaí.


 


By Bruna Garcia Fonseca via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Says Central Bank Digital Currency Set For 2022 Rollout
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. And although it’s not a winner-take-all competition, central banks first out of the gate might prove instructive to those who follow — particularly when it comes to new use cases or the goal of democratizing banking and digital payments.


Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system.


 


Via Pymnts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Egypt-Brazil sales up 74% with Mercosur agreement
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
São Paulo – Exports from Egypt to Brazil climbed 73.9% ever since Egypt reached a free trade agreement with the Mercosur in September 2017. Exports from Brazil to Egypt, on the other hand, were up 21.1%, as per a survey from Brazil’s National Confederation of Industry (CNI).


The agreement had its third anniversary on September 1st, 2020. Over 2,000 items have been made tariff-free in Mercosur-Egypt trade. As of this month, tariffs will be lifted on 463 items from Egypt to Mercosur, and 719 items from the Mercosur to Egypt.


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil could have CBDC in two years, says central bank president
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The president of Banco Central — Brazil’s central bank — has announced Brazilians could expect to see a central bank digital currency before 2023.


According to a Sept. 2 report from news outlet Correio Braziliense, Brazil could be ready for a central bank digital currency (CBDC) in 2022. Roberto Campos Neto, the president of Banco Central, stated that the country’s central bank had already undertaken measures to modernize the Brazilian financial system which has made a CBDC the natural outcome.


 


By Turner Wright via Cointelegraph


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
FROM SOY TO COFFEE, BRAZIL AG COMMODITIES RISE TO RECORD PRICES
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
The price of Brazilian agricultural commodities such as soybeans, corn, coffee and rice has reached record levels as strong demand and a weak currency drove prices higher in local currency, according to data from Cepea, a research center linked to the São Paulo University. Brazil’s soybean quotes are up by more than 50% in nominal terms compared to the same period last year, as China continues to buy ever larger amounts of the oilseeds from Brazil, Cepea data showed.


 


By Roberto Samora via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil switches on 5.6-MWp DG solar system in Goias
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
September 1 (Renewables Now) – The Brazilian government inaugurated over the weekend a 5.6-MWp solar power system consisting of 26 distributed generation (DG) arrays spread across Goias state.


Located in the municipality of Caldas Novas, the system should be capable of meeting the power demand of 4,265 families. It is owned by domestic hotelier group Grupo diRoma, the Ministry of Mines and Energy said on Sunday.


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Hey, developers: Brazil is waiting for you
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Targeting the young, growing Brazilian market may be the smartest decision an app publisher can make this year. App installs have been growing at an impressive 30% year-over-year, easily the largest and fastest growth in the region. With the world’s sixth largest population, Brazil’s smartphone growth has exploded in recent years — up 11% in 2019. But it may have only scratched the surface in terms of where the market could go. In 2019, Brazil had a smartphone penetration of only 45.6%, dwarfed in comparison to top countries like the U.K., Germany, and U.S., which are around 80%.


 


By Matt Tubergen


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil ETFs Jump on Easing Liquidity Concerns, Fiscal Economic Support
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Roundup: Brazil’s industrial confidence continues to rise in August
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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.


 


Via Xinhua.net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Number of fintechs in Brazil grew 28% this year in comparison to 2019
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
From green to instant coffee, Brazilian innovates in Dubai
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Internet use increases among poor Brazilians
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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 Cetic.br, research arm of the Brazilian Network Information Center (NIC.br) 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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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 Bitcoin.com


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Notes: Cross-Border Payments Unicorn Ebanx Launches Logistics Startup In The US
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Stimulating Brazil’s Bioeconomy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Why Brazil Increased Its Airline Bailout
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil imported 2.5 GW of PV panels in first half of 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full articles here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Bolsonaro faces tough choice on U.S. ethanol trade
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil, Latin America’s Covid Hotbed, Leads Its Economic Rebound
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil crop output to be up 3.8% this year: IBGE
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Chile´s Senate approves trade pact with Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Bitcoin trading soars in Argentina, Brazil as local currencies weaken
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Western Union Expands International Payment Services in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
E-Commerce Gains hold in Brazil with 5.7 Million Consumers
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Consumer Prices Rose More Quickly in July on Fuel, Electricity
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Bolsonaro orders $360 million to be set aside for AstraZeneca coronavirus vaccine
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil doubled oil exports during July
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Sugar exports from Brazil up nearly 100%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil leverages breakthroughs in technology, productivity and safety to lead global agriculture and livestock market amid COVID-19
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Most optimistic Brazil GDP outlook in over a month: central bank survey
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Central Bank Authorizes Tests of Facebook’s WhatsApp Pay, Mastercard and Visa Say
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil reopens to foreigners despite virus crisis
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Macau Business.com


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Invest in Brazil Infrastructure – US Edition
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				




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


Time to invest wisely.





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


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


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


Great projects; space for networking and renowned keynote speakers.


All in a single event. Online. Get connected.


Invest in Brasil.







 






INVEST IN BRASIL INFRASTRUCTURE –

US EDITION		




Date: August 11th




Time: 10:30AM (in Brazil, GMT -3)




Location: Online, broadcast from Brasil and USA






 


Register Here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Five fishing ports in Brazil to be privatized
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
As Pandemic Rages, Brazil Sees Busiest IPO Market Since 2007
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Egypt to import chicken products from Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil 2020 GDP outlook improves again to -5.8% – cenbank survey
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Market Screener


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Brazil eliminates import duties for cells, modules, inverters and trackers
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Pilar Sánchez Molina via pv magazine


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
‘Brics’ bank lends Brazil $1 bln to soften COVID-19 economic blow
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Rodrigo Viga Gaierd via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil boosts oil exports to Asia as global rivals make record cuts
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Sabrina Valle and Marianna Parraga via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
JP Morgan invests in Brazil’s FitBank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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




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




Via Finextra


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How Social Impact Start-ups Are Solving Brazil’s Covid-19 Challenges
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Fabian Salum and Felipe Monteiro


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
News from Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Hello everyone and welcome to this month’s News from Brazil.


As a way to share with our clients, partners and friends worldwide what has been going on in Brazil lately, Drummond Advisor’s team have compiled the news and articles you will find below.


All the best,


Pedro Drummond.


 


BC reduces interest rates for the 8th time, at 2.25% per year, the lowest level in history


Agribusiness grows, reduces economic slump and should be the engine of recovery


Supreme considers constitutional Outsourcing Law


Oxford vaccine against Covid-19 will be tested in Salvador; in total, there will be 5,000 volunteers in Brazil


BC announces credit line for micro, small and medium-sized companies


Guedes says he will launch Renda Brasil program and confirms extension of emergency aid in 2 months

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
EMERGING MARKETS-Brazil stocks at over 4-mth high; Chilean c.bank meeting awaited
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Shreyashi Sanyal and Ambar Warrick via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Central Bank Must Adapt Regulation to Big Tech Companies, Director Says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via The New York Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil schedules A-1 energy auction
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Raising $22.5 million, Liftit looks to expand its logistics services in Brazil, Mexico, Chile and Ecuador
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jonathan Shieber via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cisco Partners With Brazilian Government To Digitize Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


By Patrick Moorhead via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s beef exports set to increase, to China
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Duncan Wyatt via AHDB


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Will Record Low Interest Rates Help Brazil’s Small Businesses?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Cecilia Tornaghi via Americas Quarterly


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil central bank chief sees start of ‘V-shaped’ recovery, limited room for rate cuts
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres and Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Eases WhatsApp Ban — But It’s Still Suspended
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Samuel Haig via Cointelegraph


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s oil output grows by 7.8 pct in 2019
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Xinhua News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Nubank growth hits another level as pandemic drives digital in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


By Rob Dwyer via Euromoney


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRAZIL DATA: Ethanol output surges to record high in May
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jeff Fick via S&P Global Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil industrial confidence posts record rise in June
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CHINA’S MAY SOY IMPORTS FROM BRAZIL HIT HIGHEST MONTHLY TOTAL IN 2 YEARS
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil tops demand for free access to essential online services during pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Total Telecom


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil passes bill easing privatization of water utilities
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Macau Business.com


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil ecommerce jumps 57% in first five months of 2020 fueled by COVID-19
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Gabriela Mello via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil’s central bank unveils wide range of credit-boosting measures
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil central bank sees rates ‘close’ to lower limit, stresses inflation goal commitment
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Northeast surpasses 10 GW of peak wind on June 21
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Lucas Morais via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil prepares to resume Angra 3 project
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via World Nuclear News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Most Brazil Projects Progress Despite the Pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Augusto Diniz via Engineering News-Record


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Foreign investment returns to Brazil in May, first since July 2019
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
GDP OF AGRICULTURE SHOULD REPEAT POSITIVE RESULT ON THE 2ND. QUARTER
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
E-commerce sales reach all-time high in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil steps up sugar production and exports
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcos Carrieri via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Ag Exports to China are Booming
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Hoosier Ag Today


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian ethanol prices recover in May following gasoline price rise
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Nicolle Monteiro de Castro via S&P Global Platts




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
These Girls From Brazil Built A Suicide Prevention App For Gen Z
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Andrew Wight via Forbes


 


Read full article here 

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
History Repeats As Brazil Delivers Another Iron Ore Boom
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Tim Treadgold via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
HOUSE APPROVES NEW RULES FOR BANKRUPTCY PROTECTION DURING PANDEMIC
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Datagro


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CONGRESS AUTHORIZES ADDITIONAL CREDIT OF R $ 343.6 BILLION TO GOVERNMENT SPENDING IN 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s pork exports increase with 28.4% despite pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Danieal Azevedo via Pig Progress


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil ETFs Rally on Central Bank Support, Goldman Sachs’ Bullish Outlook
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Max Chen via ETF Trends


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brasil e Estados Unidos aprofundam Diálogo Comercial
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via gov.br


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-BUNGE’S BRAZIL UNIT SIGNS CONTRACT TO ACQUIRE TWO SOY PLANTS FROM IMCOPA
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Ana Mano via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil introduces open banking
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




Via Finextra




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil maritime trade surplus widens as ports remain open, farm exports strong: ATP
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Ana Mano via WHTC


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
VTEX has top tips on how to reshape e-commerce during Covid-19
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Contxto


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Rescue Aid for Airlines to Reach $680 Million
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil April sugar exports hit 3-year high; line-up more than triples on year: Williams
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Nicolle Monteiro de Castro via S&P Global Platts


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
China’s record Brazil soyabean imports impede US trade target
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Emiko Terazono and Sun Yu via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s tech moonshots target social problems
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Bryan Harris via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Poultry exports from Brazil up 5.1%
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The best lifeboat for concessionaries to be sailing on now
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


 


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


 


Read the full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Expects To Finalize Airline Support Package Next Week
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


By Chris Loh via Simple Flying


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil expects beef exports to set a new record in 2020 in volume and value
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil approves quantitative easing to fight coronavirus woes
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Andres Schipani and Bryan Harris via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil expects exports to China to help mitigate the contraction of the country’s economy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Merco Press


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s annual basic interest rate cut to record low
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Xinhua Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
MercadoLibre to invest over $700 million in Brazil as coronavirus boosts e-commerce
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Aluisio Alves via WKZO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How One of Brazil’s Largest Favelas Confronts Coronavirus
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Shannon Sims via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRAZIL SOYBEAN EXPORTS HIT RECORD IN APRIL
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Roberto Samora via Successful Farming


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Egypt now allowed to ship citrus to Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Coronavirus crisis fuels Brazil e-commerce shift as malls suffer
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Gabriela Mello via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. government announces US $950,000 in assistance to mitigate the impact of COVID-19 in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


Via U.S. Embassies and Consulates in Brazil


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Meat giants from Brazil are ready to cover American shortfalls
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Fabiana Batista and Tatiana Freitas via San Antonio Express News




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
IRS Issues New Guidance Addressing COVID- 19 Travel Disruptions and the Impact on U.S. Tax Residency
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				






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












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














 


Read the full document here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s ANP issues new end-of-life rules for oil, gas fields
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


The measures represent “a benchmark for the industry, with the modernization and simplification of procedures will create new business opportunities and more investment in the country,” the ANP said in a statement.




By Jeff Fick via S&P Global Platts




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
GOVERNMENT PUBLISHES MORE STANDARDS TO FACILITATE ACCESS TO CREDIT DURING THE PANDEMIC
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


MP


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BNDES APPROVES R $ 1.1 BILLION FOR COMPANIES AFFECTED BY PANDEMIC
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil steps up imports amid the pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


Via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Tech driving Brazil solar project efficiency as GCL SI anticipates market rebound
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via PV Tech


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Interview: Chinese truck maker Foton eyes online sales in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Xinhua Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Volkswagen in Brazil to keep factories closed through April
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcelo Rochabrun via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil set to start QE cautiously but may need to bring out ‘bazooka’
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


By Jamie McGeever via Yahoo Finance


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRAZILIAN AGRIBUSINESS EXPORTS TO CHINA ARE PRESERVED
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
MercadoLibre’s financial arm to extend loans to small businesses in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Aluisio Alves via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Provisional measure (MP) adapts labor legislation to meet business demands arising from the Covid-19 pandemic
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				






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


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






 


Read the full document here



			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil government, banks in talks about bailing out companies
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres and Carolina Mandl via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Central Bank of Brazil tests settlement infrastructure for instant payments
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
China conducts fair online to boost cooperation with Latin America
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
House approves aid to states and municipalities to compensate for loss of revenue
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Worst-Hit State Turns to Big Data as Quarantine Wavers
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Vinicius Andrade via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil great whales estimated to be worth USD $82 billion in services provided
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				













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






 


Via Oceanographic


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Low-carbon farming in Brazil can benefit farmers and curb climate change
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


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


 


By Barbara Brakarz via Climate Home News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Egypt greenlights exports from 42 plants in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Thais Sousa via Brazil-Arab News Agency


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agribusiness is pillar to rebuild Brazil’s economy in the post-coronavirus, says expert
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil’s retail sales post pre-coronavirus surge in February
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
The Brazil Tech And Innovation Round-Up: Education Sector Under Pressure To Operate Remotely, IFood Courier Numbers Skyrocket, Ribon Enables Donations To Vulnerable Communities, Layoffs
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Quero supports private education providers through crisis


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


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s regulators launch blockchain platform for info sharing
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Steve Kaaru via Coin Geek


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Coronavirus: Congress passes a bill that facilitates spending in combating the pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Remote operations yield mixed results in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil unveils $10 bln scheme to protect jobs threatened by coronavirus
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Marcela Ayres and Gabriel Ponte via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
New process will reduce bureaucracy import ports, airports and borders
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Senate approves benefit of R $ 600 to self-employed and informal
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 3-Brazil government considers emergency coronavirus loans for power sector
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Luciano Costa via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil introduces surveillance tech to slow the spread of coronavirus
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari Via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil opens funding for fintechs through state development bank
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Carolina Mandl via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
CNI calls for national strategy for foreign trade
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Infrastructure ministry will work with states to avoid blocking highways
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Debentures encouraged now total R $ 9 billion in investments in the biofuels sector
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
South American countries define standards to ensure food traffic during pandemic
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Falling fuel prices, weak currency drive Brazil switch from ethanol to sugar
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcelo Teixeira via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Ministry of Agriculture and MPF sign cooperation agreement to guarantee legal certainty to public policies
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil launches national standard QR code
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Golar Plans Brazil LNG Import Terminal
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Matthew V. Veazey via RigZone


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Forecast gross crop of Brazil cafes for 2020 has increased by 25% from 2019
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ethanol exports reached 1.77 billion liters by the end of February 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Alibaba Files for a Blockchain Transaction System in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Felipe Erazo via Cointelegraph




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ethanol is in line with the global agenda for decarbonisation, says Unica
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
GDP agribusiness has high of 3.81% in 2019
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
USDA raises Brazil’s soy output estimate
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By José Roberto Gomes via Argus Media


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Heineken to pour $183 million into expansion in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Alberto Alerigi via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Bolsonaro and Trump talk about bilateral trade package
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Thyssenkrupp, Embraer to build four frigates for Brazil Navy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Christoph Steitz and Tom Kaeckenhoff via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Economy will grow more than 2% if reforms are approved, says minister Guedes
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Posts $3.1 Billion Trade Surplus in Feb, No Coronavirus Impact Yet
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres and James McGeever via The New York Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil banking: Benchimol lifts XP’s star
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


By Rob Dwyer via Euromoney


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Trade balance registers US $ 520 million surplus in the third. week of February
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


By DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BlackRocks Startups Helps Black Entrepreneurs Blossom In Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
POLL-Brazil stocks to fly again once coronavirus worries subside
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Gabriel Burin, Paula Laier and Miguel Gutierrez via Nasdaq


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Centrica sends cargo to launch Brazil’s first private LNG terminal
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Ekaterina Kravtsova via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s new ranks of shareholders reflect fundamental shift
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
Mairton Garbelotti is taking a gamble.


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


 


By Jonathan Wheatley and Andres Schipani via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil poised to make central bank independent of political control
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


By Bryan Harris via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Solar energy expands quickly in Brazil, attracts Chinese firms
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Luciano Costa via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


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






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




 


By Daniel Palmer via CoinDesk


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil oil production rises 20% in January to all-time high
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcelo Teixeira via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Soybean Mogul Negotiating to Buy Tejar’s Brazil Unit
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Fabiana Batista and Tatiana Freitas via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian telecoms regulator discusses 5G auction rules
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Sales of smart home devices accelerate in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agricultural Production Value has the potential to grow 6.7% in 2020
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Retail sales in Brazil up 1.8 pct in 2019
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via Xinhua Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Look on the bright side of the Brazilian real
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jonathan Wheatley via Financial Times


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 2-Brazil central bank assessing increased ‘power’ of recent rate cuts – minutes
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil defines timescales for sale of state-owned tech firms
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Canadian Solar Secures 225.2 Million Brazilian Reais Financing for Lavras Project in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




Via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How Brazil Can Become An Economic Powerhouse
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


 


By Lorenzo Montanari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CNA and the Ministry of Infrastructure discuss positive agenda for road transport
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Pushes Its Great Downsizing and Rakes In $5.2 Billion
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Caps Record-Breaking Easing Cycle With Final Rate Cut
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Mario Sergio Lima via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
A New Way Forward for Brazil’s Economy
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Thomas J. Trebat


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Hedge Fund Makes a Bold Bet on Brazil Rates
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Vinicius Andrade and Felipe Marques via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
American Airlines announces partnership with Brazil’s GOL Airlines, beefs up Miami flights
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Taylor Dolven via Miami Herald


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. willing to help Brazil improve oil auctions, official says
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Gram Slattery via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. travel to Brazil jumps 39% with visa waiver
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Anthony Boadle via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil: A self-reporting take on digital finance
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


By Rob Dwyer via Euromoney


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil names Guedes to run privatization drive after shakeup
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Taps a 36-Year-Old Mandarin Speaker to Boost China Trade
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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




By Samy Adghirni and Simone Iglesias via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Equinor and partners award first Brazil oilfield contracts
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Terje Solsvik via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Confidence in Brazil’s construction sector reaches 5-year high in Jan.
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Xinhua Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Canada’s Brookfield gets OK to build Brazil solar power plants
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Ana Mano via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil levels playing field for foreign companies in government contract market
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Voice and video 4G provision improves in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
India, Brazil sign 15 accords to deepen ties across range of sectors
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Ismail Shakil and Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil government sees $100 billion interest savings, wiping out primary deficit by 2022
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres via KFGO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian CVM to launch cryptocurrency regulatory sandbox
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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




By Pedro Febrero via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil became 4 ° investment destination in the world in 2019
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Enterprises in Brazil Move to Automate Workplaces and Empower Employees
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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




Via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s new US$100 million Antarctic base, built by China
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				








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
























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


















Via South China Morning Post




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. backs Brazil for OECD membership ahead of Argentina
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Anthony Boadle via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agricultural production value of 2019 reached a record R $ 630.9 billion
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Brazil climbs to sixth from eighth biggest world market
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Fernando Calmon via Just Auto


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil is emerging as a world-class AI innovation hub
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Bruno Henriques via Venture Beat


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Movile: Brazil Will Start Producing Its Own Big Techs
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via Forbes


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil posts strongest November job creation since 2010
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s debt under control, tax reform next: economy minister
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres and Anthony Boadle via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil congressional committee approves 2020 budget
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Maria Carolina Marcello via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Government wants to auction off 44 infrastructure assets in 2020, says minister
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Country risk dropped to the lowest level in nine years
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Amazon launches new distribution center in Brazilian state of Pernambuco to expedite delivery
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jacob Atkins via Contxto


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Chinese companies to build Brazil’s second-longest bridge
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via Xinhua Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil services sector gets off to solid fourth-quarter start
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via KFGO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
S&P raises Brazil’s outlook to positive
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Shivani Singh via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil central bank cuts key rate to record low
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Paulo Trevisani via Market Watch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil XP’s Valued at $14.9 Billion as IPO Tops Target Range
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Project will bring innovation and sustainability to producers of the Legal Amazon
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
One of Latin America’s most valuable startups is changing the way Brazilians bank
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


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




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




By Julianne Pepitone via CNN Business




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Newest Unicorn: Wildlife Studios Raises $60M Series A Led By Benchmark
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Mary Ann Azevedo via Crunch Base


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s new fintech startup Cora raised $10 million on the strength of its founding team
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jonathan Shieber via Tech Crunch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s booming credit markets fan hopes of ‘revolution’
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


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


 


Read full article here


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via PYMNTS


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil needs to invest 4.31% of GDP per year in infrastructure, says Abdib
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Special Brazil Webinar How to Fast-Track your Business in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				


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


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


Topics include:


    

  • Fastest way to hire a full-time employee
    • 

  • Employer of Record process explained
    • 

  • Speeding up receipt of your Federal Tax ID Number (CNPJ)
    • 

  • Dos and Don’ts of setting up your company in Brazil
    • 

  • Avoiding delays in your M&A agreement
    • 

  • Understanding Brazil Labor laws
    • 

  • Preparing Visa Applications
    • 

  • Transfer Pricing Calculations
    • 









Participants are encouraged to ask questions at any time during the webinar.

We look forward to a very lively dialogue about business in Brazil and hope you will join us.






Register Here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Integrated systems improve productivity of meat, says Embrapa
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian stocks to rise in 2020 after 2019’s Latin American turmoil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via Gabriela Mello via Financial Post


 


Read full article here


 


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Equinor to drill 30-40 exploration wells and target Brazil in 2020
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By  Nerijus Adomaitis via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil sugarcane growth can meet biofuel need and not drive deforestation: study
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Claire Asher via Mongabay


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
From UBS to JPMorgan, Brazil Stock Bulls Are Running Wild
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

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


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


 


By Aline Oyamada and Vinicius Andrade via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s net metering policy leads to growth in solar distributed generation
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


 


By EIA via Renewables Now


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil inflation in mid-November slips to second lowest in over 20 years
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Is the Big Beef Winner From China’s Hunt for Protein
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Tatiana Freitas via Bloomberg


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Gross Value of Agricultural Production is expected to grow 1.7% in 2019
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Why SoftBank Is Investing in Brazil, and Why Nobody There Seems to Care About WeWork
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Michal Lev-Ram via Fortune


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil continues efforts to attract launch business
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jeff Foust via Space News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
What Brazil’s Tariff Changes Mean for U.S. Manufacturers
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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




By Shelagh Dolan via ThomasNet




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Demand for connected devices grows in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Protecting native vegetation on rural properties yields Brazil USD 1.5 trillion per year
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Maria Fernanda Ziegler via phys.org


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil economic activity picks up in September
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jose de Castro via Financial Post


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil and China close agreements in innovation and agricultural technology
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil government unveils package to create up to 4 million jobs by end-2022
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian Digital Onboarding Startup idwall Lands $10M Series B With Qualcomm As Lead
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via Mary Ann Azevedo via Crunchbase


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Silicon Valley’s changing role as Brazil’s iFood shows how to innovate anywhere
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Tom Foremski via ZDNet


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Exclusive: Brazilian Mobility Startup Kovi Raises $30M Series A From Global Investors
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Mary Ann Azevedo via Crunchbase News


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil unveils reform package to tackle huge fiscal deficit
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres and Lisandra Paraguassu via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How Brazil’s SoftBank-backed Banco Inter aims to supercharge loan growth
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Carolina Mandl via KFGO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Podcast market booms in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Angelica Mari via ZD Net


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Bulls Bank On Brazil Again
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via Market Watch


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil cuts rates to new low 5.00%, signals pace of future easing may slow
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Jamie McGeever via KFGO


 


Read full article  here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Sorry, Bezos, Brazil already has an Amazon. It’s MercadoLibre
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via Digital Commerce 360


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Controlling inflation Brazil central bank’s priority, says rate-setter nominee
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


By Marcela Ayres via KFGO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil rates to hit record low 5.00%, seen falling further: Reuters poll
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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




By Jamie McGeever via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mercosur agreement with Canada may open market of $ 300 billion, says diplomat
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

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


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


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	























		

			

				

					
Can Brazil’s pension reform kick-start the economy?
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
After decades of delay and political deadlock, Brazil has finally passed its long awaited pension reform. It is a big victory for the country’s far-right president Jair Bolsonaro and his economic tsar, the University of Chicago-educated Paulo Guedes, who spearheaded its passage.  The costs of failure would have been high. Brazil’s ballooning pensions spending risked sparking “a social collapse” in Latin America’s largest economy, according to Rodrigo Maia, the Speaker of the lower house who shepherded the constitutional amendment required to reform the pensions system through a fractious Congress.


 












By Andres Schipani and Bryan Harris via Financial Times












 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil and Israel close partnership for the development of agricultural technology
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
The Brazilian Research and Industrial Innovation (EMBRAPII) and Israel’s Innovation Authority (IIA, acronym in English) will support the development of four Innovation projects carried out in cooperation, Brazilian and Israeli companies. They will invest US $ 7.5 million. The resources include business investments in both countries, the agencies encouragements to innovation and research centers. The EMBRAPII finances non-reimbursable funds 1/3 of the Brazilian company in each project.


The projects, which cover several areas, are the first results of the cooperation agreement signed between EMBRAPII and the IIA, which aimed to expand mutual cooperation in science and technology of the two countries and facilitate the identification of business opportunities that can generate innovative products and systems to market. “The partnership with IIA showed that this initiative can lead the industries of Brazil and Israel to be more attentive to the wide range of opportunities to be explored between the two countries,” said Jorge Guimaraes, CEO of EMBRAPII.


 


Via DATAGRO


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil mid-month October inflation lowest in 21 years
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
BRASILIA, Oct 22 (Reuters) – A measure of Brazilian inflation this month fell to its lowest in over 20 years, figures on Tuesday showed, cementing the view that the central bank will cut interest rates to a fresh all-time low next week and probably again before the year is out.


Consumer prices rose 0.09% from mid-September to mid-October, marking the weakest rate of this particular measure of monthly inflation for any month of October since 1998, according to government statistics agency IBGE.


 


By Jamie McGeever via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil awards contracts for 2.98 gigawatts of new power projects
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
SAO PAULO, Oct 18 (Reuters) – The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will cost about 11.16 billion reais ($2.71 billion) to be built.


According to the power trading chamber CCEE, the new plants, which will need to be operational in six years, will sell energy for an average price of 176 reais per megawatt, a 33% discount over the initial price at the auction.




By Luciano Costa via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Banking Giant’s Share Sale Raises $1.4 Billion
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
(Bloomberg) — Banco do Brasil SA, Latin America’s biggest lender by assets, and a government-managed fund raised 5.8 billion reais ($1.4 billion) by selling shares of the state-owned bank, another step in Brazil’s effort to shrink the size of the state.


Shares of the company rose to a three-week high after the deal, which priced 132.5 million shares at 44.05 reais apiece, according to a regulatory filing. A little over half of the shares were sold by a Brazilian workers’ investment fund known as FI-FGTS, managed by another state-controlled bank, Caixa Economica Federal. The rest was sold by Banco do Brasil itself, which held some of its own shares through its treasury desk.




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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
China’s State Grid mulls participating in Eletrobras’ privatization in Brazil: CEO
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
RIO DE JANEIRO (Reuters) – Chinese power company State Grid is considering participating in the privatization of Brazilian state-run energy firm Eletrobras SA (ELET6.SA), Brazil Chief Executive Chang Zhongjiao said on Thursday.


“About Eletrobras there is no detailed information, if it is in accordance to our expansion plan, why not?” he told journalists in Rio de Janeiro.


 


By Rodrigo Via Gaier via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
After trade talks in U.S., China ramps up Brazilian soy purchases
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
CHICAGO/BEIJING (Reuters) – Chinese importers have been busy booking fresh purchases of soybeans from Brazil this week, despite the White House announcement that China had agreed to buy up to $50 billion of U.S. farm products annually during trade talks last week.


Two traders said China has booked at least eight boatloads, or 480,000 tonnes worth $173 million, of Brazilian soybeans since Monday.


 


By Karl Plume and Hallie Gu via Reuters


 


Read full article here







































			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Explainer: Translating TOR – How Brazil’s $26 billion oil rights auction works
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
RIO DE JANEIRO (Reuters) – Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR – the ‘transfer-of-rights’ area.


The bidders who win exploration and production rights in the massive Nov. 6 auction will be obliged to pay the government a combined signing bonus of some 106.5 billion reais ($25.8 billion), making it the largest oil bidding round in history, according to Brazilian authorities.




By Gram Slattery and Marta Nogueira via Yahoo Finance




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s truckmakers are optimistic again even as country struggles to grow
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
SAO PAULO (Reuters) – Brazil’s largest truckmakers are expressing optimism again about the growth prospects for Latin America’s largest economy, even as the country continues to struggle to rebound from a deep recession that began in 2015.


“We are breathing optimism,” said Martin Lundstedt, Volvo Group’s President and CEO (VOLVb.ST), who traveled to Sao Paulo to take part in the biennial Fenatran expo, the largest truck and machinery trade show in the country.


 


By Marcelo Rochabrun via Reuters


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Raises Over $2 Billion From Ten Oil Majors In Exploration Rights Auction
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ample flowering seen in Brazil’s top coffee state, rains on the way
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil audit court gives green light for pre-salt oil mega auction
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil inflation falls to 2.89%, lowest since May last year
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s central bank drafts bill to modernize foreign exchange market
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Bolsonaro signs telecoms law to boost sector
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil services PMI hits six-month high, employment strongest since 2015: IHS Markit
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil’s industrial output posts biggest rise in over a year
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s fintech segment sees growth
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRIC countries reaffirm commitment to innovation and sustainability in agriculture
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Embrapa increasingly seeking resources in the private sector
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s central bank takes ‘hands off’ approach to FX, focuses on growth
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
COFCO to invest more in Brazil, but will be selective, says exec
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Specialty coffees: Brazilian exporters closed $ 2.1 million in business in Japan
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
JPMorgan Seeks a Piece of Brazil’s Flourishing Local Bond Sales
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
(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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Japan’s SoftBank Contemplates Investment In Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				

“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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Biogas Makes Pig Farming More Sustainable in Southern Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Oi in talks to sell mobile unit to Telecom Italia, Telefonica -sources
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
How Brazil Could Tame Taxes Without Cutting Them
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil wants more visibility into cryptocurrency trades
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Toyota to expand plant in Brazil’s Sao Paulo state, joining Volkswagen, GM
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Oil price spike set to improve ethanol outlook in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Minister of Agriculture is negotiating an increase in exports to Saudi Arabia
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ex-Tesla Executive Decamps to Brazil and Bets Big on Batteries
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil development bank BNDES mulls strategy for Petrobras, Vale asset sales -sources
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil services activity in July rises at fastest pace this year
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
New digital technologies help field production
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 2-Brazil, Mexico begin trade talks amid Bolsonaro push for export deals
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Aug inflation limited, reinforcing rate cut bets
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Norway’s Statkraft looks to expand in Brazil’s renewables: executive
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Awakening The Sleeping Giant: Why Brazil’s Tech Scene Is One To Watch
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
“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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil is the world’s largest sustainable certified soy producer
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Trade balance surplus reaches $ 3,284 billion in August
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Volkswagen to invest $577 million in Brazil plant
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil sets sights on China’s ethanol market, but high volumes unlikely
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil beats expectations with 0.4 per cent expansion
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Exclusive: Brazil’s Petrobras refineries sale lures trading companies, PetroChina, Saudi Aramco – sources
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ministry of Agriculture signs agreement with Banco do Nordeste to finance innovation projects
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil utilities lean on bonds to finance growth, reducing state role
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to Speed Up Privatizations With Billions on the Line
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil and Norway study technical cooperation in the aquaculture sector
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
“Silent Revolution” to Fuel Brazil M&A Business for Years
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


















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










Read full article here










			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil gets moving on gas competition
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
China Ramps Up Brazil Soybean Imports, Rebuffing U.S. Crops
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Chinese demand heats up Brazil’s ethanol industry
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil’s Banco BTG Pactual reports sharply higher profit on trading gains
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
How Brazil can prepare for a US trade deal
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Trump says he will seek U.S. trade accord with Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here





























			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 2-Brazil brewer Ambev beats Q2 profit forecasts; shares up 9%
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s fifth-largest city to accept bitcoin payments for public transportation
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				


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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
CNA presents proposals to BC to stimulate private financing in agribusiness
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Six Charts on Boosting Growth in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil GDP to get 0.35 percentage point boost from worker fund stimulus
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Privatizes Fuel Distributor in $2.3 Billion Offering
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Trade balance has surplus of US $ 409 million in the 3rd. july week
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Governador destaca potencial do Estado no Paraná Day em Nova York
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ministry of Mines and Energy of Brazil authorizes the transfer of 10% stake in Saturno block to Ecopetrol
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Renewable capacity in Brazil to exceed 60GW in 2030 in Brazil, says GlobalData
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Canadian Solar Won a 51 MWp Solar Power Project in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
GUELPH, Ontario, July 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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ethanol to be central issue in India-Brazil meeting – industry group
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil plan to open gas sector seen luring Naturgy, Engie, others
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Soybean Lead Over the U.S. Gets Boost From Amazon Ports
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s High-Flying Stocks May Gain Altitude as Rates Decline
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazilian State Launches Blockchain Platform for Government Contract Bids
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 2-Brazil power firm Light confirms price offering at 18.75 reais per share
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
MercadoLibre Optimistic on Brazil Economy After 2018 Hurdles
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Crypto Coffee Coin Is Coming to Brazil’s Countryside Farmers
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
For Wall Street, Brazil Is Back, Baby!
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Latin America and the Caribbean will account for more than 25% of global agricultural exports by 2028, says FAO
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Requires New Diplomats to Know About Blockchain and Crypto
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Mercosur-EU agreement to modernize Brazilian agriculture, says Tereza Cristina
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil should close four more trade agreements this year, says foreign minister
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil posts new world record low price for solar power
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Once Again Becomes the World’s Largest Beef Exporter
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Newsmaker: Caixa CFO brings dealmaking buzz to once-sleepy Brazil state bank
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mercosur and European Union close free trade agreement
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Bets Storing Oil Near Teapots Will Boost China Sales
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
(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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. Secretary of Transportation Elaine L. Chao and Brazilian Minister of Infrastructure Announce Partnership to Promote Transportation Cooperation
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Countries pledge to boost green economy in the Americas
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
JPMorgan Raises Its Brazil Stocks Target, While Cutting Regional Peers
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Mobile Banking Use Rises Exponentially In Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
SDGs in Brazil – 16 July 2019
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Central Bank Keeps Key Rate at Its Record Low
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Stocks Close at a Record High
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
(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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. corn problems boost Brazil ethanol outlook, might affect sugar
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil leader signs law allowing foreign carriers to operate domestic flights
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
UPDATE 1-Brazil services activity grows 0.3% in April, first rise this year
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Second phase of Brazil’s Mero deep offshore project launched: Total
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Agricultural storage capacity grows in Brazil, says IBGE
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ripple Kicks Off South America Expansion With Brazil Launch
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
As Coffee Gets Cheaper, Brazil Finds Ways to Grow More for Less
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil: EU and Mercosur ‘on the verge of signing’ trade deal
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil telecom Oi adds mobile customers as it expands 4.5G coverage
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil to let mills sell ethanol directly to gas stations
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Here’s Alibaba’s Mission as it Enters Brazil Cloud Market
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Top Trade Is to Bet on Lower Rates, Rio Hedge Fund Says
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Establishes Committee for Cryptocurrency Regulation
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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 education, health, transport, and housing.


 


By Ana Alexandre via Cointelegraph


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Government wants to increase Brazil’s share of world agricultural trade from 7% to 10% in two years
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ripple-Powered Cross-Border Remittance Platform Launches in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Northern Brazil power line to avoid impact on tribe: document
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ministry studies implantation of agricultural innovation pole in Rio
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Norway’s BW Offshore to float Energy to fund Brazil growth
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Fiat Chrysler to invest $4B to regain lost share in Brazil
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil lower house votes to allow foreign airlines in domestic market
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Spain’s Globalia to launch new air carrier in Brazil: cabinet minister
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Ministry of Agriculture launches program Bioeconomia Brasil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Cryptocurrency regulation gets the go-ahead in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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




Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s 1st waste-generated energy plant will be in Paraná
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BNDES President highlights importance of RenovaBio
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Grupo Zap Introduces I-Buyer Model To Reignite Brazil’s Real Estate Market
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil’s Neonergia signs off on IPO plan
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Petrobras to sell eight Brazil refineries, help open domestic market
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil ushers in open banking model
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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’s social balance shows high impact of the agricultural research for the Country
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Private Investors Raise Bets in Brazil Power Sector
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Malaysia’s Petronas buys 50% equity in Brazil deepwater assets from Petrobras
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s GPA sales rise, closes in on supermarket leader Carrefour Brasil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Is Brazil to Become the Next Eldorado of Digital Revolution?
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil’s Magazine Luiza sells books online in new challenge to Amazon.com
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
U.S. tractor maker AGCO rolls out Fendt line for Brazil farmers
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Infrastructure is now the hot Story in Brazilian Commodities
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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 Maritime Industrial Transportation Opportunity
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
BRICS bank to invest in infrastructure projects in Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Angola Cables Data Centre In Brazil Is Now Live
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Creates a Latin American Record in Bitcoin Trade
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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


 


Read full article here

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
RPT-China could agree to import more Brazilian meat from next month -ambassador
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	


















		

			

				

					
Brazil economy minister confident on one trillion reais pension reform
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
(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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil Hedge Fund Bull Keeps Her Cool By Ignoring the Turmoil in Pension Reform
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil services sector PMI growth points to economy picking up
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Project to recover degraded landscapes of cerrado
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Lemann-Backed Startup Looks to Tackle Brazil’s Health-Care Woes
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
UPDATE 1-Brazil’s Rumo wins auction to operate freight railway; shares jump
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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 Says It’s Willing to Seek Trade, Investment Deals With Brazil
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
4th BLS Annual Conference
		        

		          		        

		      					

						Posted on  | Updated on 					

									


			

		

	



	

		

			

				
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.

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Tickets to Brazil Are in High Demand as Visa Restrictions End
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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 

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil energy firm Eneva announces secondary share offering
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Project will strengthen good agricultural practices in the Cerrado
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	













		

			

				

					
Brazil sugar giant Raizen raises $233 mln, agrees $500 mln credit line
		        

		          		        

		      					

						Posted on 					

									


			

		

	



	

		

			

				
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

			

		

	



	

		

			

				

									

			

		

	








	




		


  	  

  		

  			

				            
								  



								  



												
  			

  		

  	

  		



    

        

            
Chamber Updates Stay connected with Chamber activities