News Brazil Economy: Brazil suspends operations of Avianca Brasil air carrier
SAO PAULO, May 24- Brazil's civil aviation regulator ANAC said on Friday it had suspended the operations of carrier Avianca Brasil in the country, including all remaining flights, as a precautionary measure. "All the flights are suspended until the company proves it has the capacity to maintain operations safely," ANAC said in a statement. Avianca Brasil has filed...
News Brazil Economy: Xi says China, Brazil should see each other as an opportunity
China and Brazil should see each other as an opportunity for development and as partners, Chinese President Xi Jinping told visiting Brazilian Vice President Hamilton Mourao on Friday. In comparison with President Jair Bolsonaro, who often criticised China's role in Brazil's economy during his
News Brazil Economy: Brazil approves new soy seed that resists drought, two herbicides
Completion of the regulatory process allows the planting and harvesting of the so-called HB4 soybean varieties in Brazil, the statement said, although commercial launch for export will require approval from importing countries. Luiz Gustavo Kalinowski, a sales representative at TMG in Brazil, told Reuters by telephone the new seed will be the only one in the...
News Brazil Economy: How to buy Bitcoin in Brazil
If you want to buy Bitcoin in Brazil, there’s a wide range of options available. Both local and international exchanges enable Brazilian users to buy Bitcoin. The five largest Brazilian crypto exchanges have a daily transaction volume of over R$8.3 million (almost US$2.2 million). More and more Brazilians
News Brazil Economy: How One Small Business in Brazil is making a Big Impact on the Country's Deforestation Problem
In 2007, after decades of making bricks, blocks and tiles for the local Brazilian economy, Barbosa and his team of 42 employees decided to run their factory on an unusual concoction of plants for ...
News Brazil Economy: Going down: Brazil economic woes hit stocks, currency
Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls. Since touching a record 100,000 points in mid-March, the Bovespa has fallen 10 percent and wiped out gains
News Brazil Economy: BlackRock says investors are piling into emerging-market ETFs — and it's a sign the US economy is slowing
Emerging markets, a category that includes countries such as China, Turkey, Brazil, Poland, and South Africa ... Similarly, better data out of China and other pockets of growth amid a global economic ...
News Brazil Economy: Chembio wins approval from Brazil for dengue blood test
In Brazil, almost 600,000 dengue cases have been reported so ... Madore writes about Long Island business news including the economy, development, and the relationship between government and business. ...
News Brazil Economy: Brazil's Bolsonaro Is Blind to His Political Problems
Still, absent some sort of pension reform, Brazil’s economy will lurch back into recession, squandering any benefits accruing from Brazil’s new free-trade posture or U.S.-backed OECD membership.
News Brazil Economy: Why the Future of Brazil’s Economy Rides on Pensions
Latin America’s largest economy, Brazil, is at a crossroads. Fixing its public finances could open the door to a virtuous cycle of expansion; failing that, it risks slipping deeper into junk-level credit ratings and sub-par growth. Much depends on the nation’s costly pension system, the target of the first sustained legislative push by President Jair Bolsonaro and his economic team. Mustering lawmaker support for pension reform failed as recently as 2017 under former President Michel Temer, and
News Brazil Economy: Brazil's Economy Seen Shrinking After Industry Collapse
Odds that Latin America’s largest economy contracted in the first quarter increased after March industrial production fell by more than double analysts’ expectations. Brazil’s output tumbled 1.3 percent in March, its worst reading in six months, the national statistics bureau reported Friday. Record-low
News Brazil Economy: Brazil lawmakers revisit pension bill as economic outlook dims
BRASILIA, May 6- Brazil's pension overhaul proposal returns to the congressional spotlight this week, with a committee of lower house lawmakers opening its analysis of the government's bill just as the outlook for the economy is deteriorating rapidly. On Monday, the latest purchasing managers index survey of Brazil's services sector showed activity...
News Brazil Economy: JPMorgan Says Brazil's Real Pension Boost Limited by Weak Growth
Cassiana Fernandez, JPMorgan Chase & Co.’s chief Brazil economist, sees the real at 3.90 per U.S. dollar by year’s end, more pessimistic than the 3.75 per dollar median forecast. “The political uncertainty already began to impact market expectations,” Sao Paulo-based Fernandez said in an interview.
News Brazil Economy: Brazil’s Economic Growth Forecast Falls For the Eighth Consecutive Time
Financial institutions in Brazil reduced on Monday the country’s economic growth forecast for the eighth consecutive time this year, showed the Central Bank’s weekly Focus Survey. The estimate for this year’s GDP dropped from 1.95 percent to 1.71 percent.
News Brazil Economy: FACTBOX-Pension reform: Brazil's uphill battle to save 1 trillion reais
BRASILIA, April 25- Brazilian President Jair Bolsonaro is staking much of his political capital on a plan to shore up the country's costly social security system, which he hopes will kick-start the country's economy and boost investor sentiment. Legislation will almost certainly be watered down, and passage through both houses of Congress could be a long,...
News Brazil Economy: Brazilian Real, Ibovespa Hold Their Breath on Pension Reform Vote
See my updated Brazilian Real and Ibovespa forecast here! Adding to the risk docket are threats of possible protests and obstructions from truckers who are expressing discontent over high diesel ...
News Brazil Economy: Digital Life: Brazil is a Leading Country for Video Streaming
RIO DE JANEIRO, BRAZIL – The Brazilian consumer is ready for digital ... and Pinterest Digital advertising continues to grow in double digits E-Commerce, the sharing economy, and home delivery ...
News Brazil Economy: Brazil: Growth recovery is slowing down - BBVA
Analysts at the Research Department at BBVA, lowered their growth forecast for the Brazilian economy for 2019 and 2020. They expected USD/BRL to rise to 3.95 by year-end. “The deceleration in the ...
