News from Brazil

Archive for December, 2013|Monthly archive page

Politics & Government News

In Brazil on December 20, 2013 at 10:51 am

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POLITICS

To some Brazilians, especially in the business world, Eduardo Campos has all the traits of a perfect president. Handsome, young, and the grandson of a beloved politician. Leftist enough to appeal to Brazil’s poor masses, but eager to please big business and convinced of the merits of free trade. Critical of President Dilma Rousseff’s heavy hand in the economy, but promising no huge changes in policy (Reuters).

Although 20 of the 25 convicted at the mensalão trial are already in jail or serving alternative sentences, the Court has not even started charging over US$ 9,2 million -to be corrected- in fines imposed by the Supreme Court as part of their punishment (Folha).

INTERNATIONAL

The EU launched a case against Brazil at the World Trade Organization over the nation’s taxes on imports from cars to computers, but insisted the dispute should have no bearing on delicate free-trade talks. The European Union is Brazil’s biggest trading partner – accounting for a fifth of its total exports. Brazil would be a major beneficiary of a far-reaching trade accord the EU is negotiating with Mercosur, a group of Latin American countries (Reuters).

Brazil’s lobby in the U.S. is little compared to that of other countries, Raul Juste Lores reports.

DEFENSE & SECURITY

Brazil awarded a $4.5 billion contract to Saab AB to replace its aging fleet of fighter jets, a surprise coup for the Swedish company after news of U.S. spying on Brazilians helped derail Boeing’s chances for the deal. The contract, negotiated over the course of three presidencies, will supply Brazil’s air force with 36 new Gripen NG fighters by 2020. Aside from the cost of the jets themselves, the agreement is expected to generate billions of additional dollars in future supply and service contracts (Reuters).

The decision of the Brazilian Air Force (FAB) to buy fighter jets and military equipment from the Swedish company Saab Gripen NG is down to a combination of factors. However, the deal in fact represents something rare in this type of business: the company offering the best price won the contract (Folha).

BRAZIL WEEKLY STORE

Check out the Brazil Weekly Store, our online shop in cooperation with Amazon.com. Now listing books on Brazil and Brazilian music cds!

OPINION

Be welcome to check out Brazil Weekly’s interview with Professor Bolivar Lamounier and find out Why you shouldn’t get too excited about Brazil’s new middle class…

ROTTERDAM WEEK

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CITY BRIEFS

Check out Brazil Weekly’s new feature City Briefs, a series of introductions to the country’s main economic centers, packed with relevant info for business travelers. First to hit the net were the Brazil Weekly City Briefs on Brasilia, the federal capital of Brazil, Belo Horizonte, the country’s third economic centre and Sao Paulo, the global megacity. Latest City Brief deals with Rio de Janeiro, the Marvelous City!

SOCIAL

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Do we need intercultural communication or should we just be yourself? Read the column at Rotterdam Week.

Business & Economy News

In Brazil on December 20, 2013 at 10:51 am

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ECONOMY

As Brazil prepares for election year 2014, economic uncertainty is pervasive. It is likely that 2014 will not be as spectacular as 2010, but forecasts of what will actually happen vary considerably. On the negative end, Brazil would encounter a perfect storm that might combine one or more downgrades of its sovereign rating with a steep devaluation of the exchange rate in the wake of rising U.S. interest rates. The most optimistic scenario anticipates a gradual recovery in economic growth, and inflation still below the government inflation target ceiling of 6.5% a year. Read the analysis by FGV-IBRE’s Fernando Dantas.

Brazil’s jobless rate fell unexpectedly to an 11-month low and wage gains accelerated in November, government data showed, suggesting a stronger labor market that could support economic growth but also stoke inflation (Reuters).

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BUSINESS

Faced with radical green policies at home, German energy utility E.ON has turned to foreign markets again, but with its past mishaps abroad still fresh in the memory investors worry that its latest $1.3 billion investment in Brazil could prove at best ill-timed (Reuters).

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AVIATION

The board of directors at the Brazilian Development Bank (BNDES) approved two long-term loans to Guarulhos and Brasília airports, totaling R$ 4.27 billion. The resources will be earmarked to expand, modernize and explore infrastructure at the two airports and will also serve to quit the bridge loans that the BNDES granted to the two concessionaires (BNDES).

Embraer Commercial Aviation welcomed Saratov-based Saratov Airlines (Saravia) as the first E-Jet customer in Russia. The airline has leased two E195s that will start operations in the coming weeks. The E190 and E195 were certified by Russia’s Interstate Aviation Committee in December 2012. The E195s will be configured with 114 seats in dual class and deployed from the airline’s base at Saratov Airport. The aircraft are planned for scheduled services as well as for charter flights to Dubai, Europe, Asia and Africa in association with Saratov’s tour partner, Magellan.

BANKING & FINANCE

The Brazilian Development Bank (BNDES) has revised its financing conditions. In conjunction with the renewal of the BNDES’ Investment Maintenance Program (BNDES PSI), the new rules are in compliance with the Bank’s main guidelines, which aim at boosting investment, but they will also foster synergy with the government’s priorities, promoting a swifter and more simplified approach (BNDES).

MINING & STEEL

Vale signed agreements with CEMIG Geração e Transmissão S.A. to sell 49% of its 9% stake in Norte Energia S.A. (Norte Energia), the company responsible for the implementation, operation and exploration of the Belo Monte hydroelectric plant (Belo Monte), and the creation of a joint venture consisting of power generation assets (Vale).

Vale also informed that it has completed the sale of Sociedad Contractual Minera Tres Valles (Tres Valles) for US$ 25 million to Inversiones Porto San Giorgio S.A (ISG) – a company controlled by the Chilean group Vecchiola S.A.

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OIL & GAS

President Dilma Rousseff, and the Petrobras CEO Maria das Graças Silva Foster, attended the ceremony to mark the completion of the P-62 platform at the Atlântico Sul Shipyard (EAS) in Ipojuca (PE). The P-62 has a daily production capacity of 180,000 barrels of oil and 6 million cubic meters of gas. The work has generated about 5,000 direct and 15,000 indirect jobs and has achieved approximately 63% domestic content. The unit is expected to come on stream in the first quarter of 2014.

A consortium led by Brazil’s state-controlled oil company Petróleo Brasileiro SA found good-quality oil in the sub-salt Carioca offshore area, which might have about 459 million barrels of oil equivalent in recoverable reserves, Reuters reported.

Oil company BP Plc announced a $1.08 billion writedown on a failed exploration well offshore Brazil (Reuters).

– NEW EDITION –

BRAZIL WEEKLY’S BRAZIL’S NEXT 10 HOTTEST BUSINESS CITIES

Rodoviária de Londrina - Ft: Milton Dória - 2004

Check out our revised, 2013, edition! No doubt the biggest and most important business centres of Brazil are the megacities of Sao Paulo and Rio de Janeiro and do not forget most other state capitals like Belo Horizonte, Salvador da Bahia, Recife, Fortaleza, Curitiba and Porto Alegre. But Brazil is big and there are plenty of other fast developing cities, not being state capitals. So for a minute forget Sao Paulo, Rio and those other 2014 World Cup host cities and check out Brazil Weekly’s Brazil’s Next 10 Hottest Business Cities 2013.

Local & LatAm News

In Brazil on December 20, 2013 at 10:49 am

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THE LATIN PACIFIC

latam

A new section in Brazil Weekly, aiming top provide information on the latest Latam developments, mainly on the Pacific coast:

The economies of Latin America and the Caribbean will expand by 3.2% in 2014, which is higher than the 2.6% performance of 2013, according to a new ECLAC report launched today at a press conference in Santiago, Chile. Panama will lead the pack with a growth rate of 7% in 2014, while powerhouses like Brazil and Mexico are predicted to grow at 2,6% and 3,5% respectively (Rotterdam Week).

Mexico ordered a fifth Damen Patrol Vessel (Rotterdam Week).

Nidera Uruguaya S.A. was awarded first place in the category of ‘modern dynamic export companies’ at the 2013 Export Awards in Uruguay (Rotterdam Week).

The World Bank has set out to improve Peru tourism in the Cuzco region (Rotterdam Week).

Why do Latin American entrepreneurs innovate so little? Find out more at Rotterdam Week.

The FGV’s Economic Climate Index for Latin America remains stable (Rotterdam Week).

LatAm container handling is growing at a slower pace. Panamanian ports are still on top but Santos and Manzanillo are gowing fast (Rotterdam Week).

BEST ENGLISH BOOKS ON BRAZIL

Be welcome to check out Brazil Weekly’s book store in cooperation with Amazon.com! Browse the Brazil Weekly Store for highly relevant maps, books on politics, economics and history as well as travel or tourist guides and translated Brazilian literature. Click on the categories and watch our slide shows go by, packed with Brazil Weekly’s picks. You order straight with Amazon, one of the best online stores in the world. Enjoy!

MEET BRAZIL WEEKLY’S CONSULTANCY

Are you planning on doing business in Brazil? Get there with

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  • business diplomacy
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more here.

WEEKEND BREAKS!

Brazil Weekly now offers another new feature: Weekend Breaks! Over the next months we will show you how to enjoy your weekend out of town when staying in Brazil’s biggest business cities. First online was your Weekend Break out of Belo Horizonte, to the famous historic town of Ouro Preto, a must to visit. Our latest addition is your Weekend break from Sao Paulo to Guarujá, check it out!

FIFA WORLD CUP

Brazilian prosecutors will this week investigate a riot that left four football fans injured and raised fresh doubts about the country’s ability to host next year’s World Cup. The Campeonato Brasileiro match between Atletico Paranaense and Vasco da Gama was stopped for almost an hour when rival fans clashed at Arena Joinville in Brazil’s southern state of Santa Catarina (Xinhua).

ATLANTICO WEEKLY

Be welcome to visit Brazil Weekly’s sister publication Atlantico Weekly, with news about Angola, Mozambique and Cape Verde, three upcoming Portuguese speaking countries.

PROJECT OF THE WEEK

bossanova

Render of the Bossa Nova Mall on Rio’s Santos Dumont Airport.

RIO

At just 42 miles from the city of Rio de Janeiro, Petrópolis used to be Brazil’s unofficial capital during the summer months. When the heat in Rio -the then capital- became too overpowering, it was to Petrópolis that Emperor Dom Pedro II and his court would come to spend the summer (Folha).

Politics & Government News

In Brazil on December 13, 2013 at 10:45 am

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POLITICS

Based on a report the Municipal Committee of Truth of São Paulo said that President Juscelino Kubitschek (JK), who died in 1976, was murdered. The committee Chairman, Councilman Gilberto Natalini (PV-SP), said JK was the victim of “conspiracy, complot and political attack” (Folha).

INTERNATIONAL

While Roberto Azevêdo, the new Brazilian boss of the World Trade Organisation, armtwisted his way to a multilateral deal in Bali, back home another trade negotiation is reaching a crucial stage. The European Union and Mercosur—comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela—have set an end-of-January deadline to swap opening bids in a long-mooted bilateral deal (The Economist).

The governments of Brazil and France signed agreements on defense, aerospace, science and technology, education, agriculture development, and health and energy. The accords were sealed as part of French President Francois Hollande’s visit to Brazil and meeting with President Dilma Rousseff (Xinhua).

The sooner the U.S. Federal Reserve starts to scale back its massive economic stimulus, the smoother the transition will be for the global economy, Brazilian central bank chief Alexandre Tombini said. Tombini told Brazilian lawmakers that clearer communication by the Fed about tapering its $85 billion-a-month in purchases of Treasuries and mortgage-backed bonds would also help reduce volatility in global markets (Reuters).

DEFENSE & SECURITY

Visiona Tecnologia Espacial S.A., a company jointly owned by Embraer and Telebras, signed contracts with Thales Alenia Space (TAS) and Arianespace, which have respectively agreed to furnish a satellite and its launching. The contact with the satellite supplier also provides for the transfer of technology to Brazilian companies, under the coordination of the Brazilian Space Agency (AEB).

The diplomatic row between Brazil and the United States over spying allegations could help Dassault’s chances to win the jet-fighter contract, with some Brazilian officials saying it is difficult to ink a deal with a country that can’t be trusted. Hollande and Rousseff talked about the jet-fighter contract in their one-on-one meeting at the presidential palace, a senior Brazilian official told Reuters. But the official, who declined to be named because he was not allowed to speak publicly, said that a tight budget and Rousseff’s expected bid for re-election next year make it nearly impossible for her to pick a winner before 2015.

BRAZIL WEEKLY STORE

Check out the Brazil Weekly Store, our online shop in cooperation with Amazon.com. Now listing books on Brazil and Brazilian music cds!

OPINION

Be welcome to check out Brazil Weekly’s interview with Professor Bolivar Lamounier and find out Why you shouldn’t get too excited about Brazil’s new middle class…

ROTTERDAM WEEK

terminal

Check out our new Publication

ROTTERDAM WEEK

Brains & Brawn from a Virtual City State!

Un-Dutch Reporting

on

Political Risks & Business Opportunities

in the Americas, Europe & Southern Africa!

SUBSCRIBE, IT’S FREE!

You request a free subscription to Brazil Weekly here and get email notifications on updates.

Brazil Weekly is also Facebook. You can like us here and join our group there.

You can also follow Brazil Weekly on Twitter at brazilweekly.

And be very welcome to join the Brazil Weekly networking and discussion group on Linkedin: Click here to join.

CITY BRIEFS

Check out Brazil Weekly’s new feature City Briefs, a series of introductions to the country’s main economic centers, packed with relevant info for business travelers. First to hit the net were the Brazil Weekly City Briefs on Brasilia, the federal capital of Brazil, Belo Horizonte, the country’s third economic centre and Sao Paulo, the global megacity. Latest City Brief deals with Rio de Janeiro, the Marvelous City!

SOCIAL

avatar

Do we need intercultural communication or should we just be yourself? Read the column at Rotterdam Week.

Business & Economy News

In Brazil on December 13, 2013 at 10:44 am

ADVERTISE NOW

ON BRAZIL WEEKLY

AND GET HUGE DISCOUNTS!

Brazil Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info.

ECONOMY

The economies of Latin America and the Caribbean will expand by 3.2% in 2014, which is higher than the 2.6% performance of 2013, according to a new ECLAC report launched today at a press conference in Santiago, Chile. Panama will lead the pack with a growth rate of 7% in 2014, while powerhouses like Brazil and Mexico are predicted to grow at 2,6% and 3,5% respectively (Rotterdam Week).

For 2014 Brazilian businesses expect to invest less and gain less, The FGV-IBRE investment Survey reveals (Rotterdam Week).

The Brazilian economy is walking with “two crippled legs”, according to Finance Minister Guido Mantega. For him, the weakness stems from the effects of the international crisis and a lack of credit to fund consumption. According to the minister, the low growth around the world is a “counterblast” to Brazil’s performance (Folha).

– HIGHLY RECOMMENDED –

They Don't Talk Ad

“They Don’t Speak Spanish in Brazil” is the go to resource for learning the culture and for conducting business in Brazil by Joseph and Claudia Brito Low.

MEET BRAZIL WEEKLY’S CONSULTANCY

Are you planning on doing business in Brazil? Get there with

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AGRI ETC.

After almost three years of hard work and preparation, Nidera Sementes in Brazil announced that they have been granted an ISO 9001 certification (Rotterdam Week).

Brazil’s government crop supply agency forecast record soybean output of 90.03 million tonnes, near the top of its previous forecast of 87.9 million to 90.2 million tonnes, as farmers finish planting new fields (Reuters).

AVIATION

Embraer announced that it has received a firm order for 60 E175 jets from American Airlines, Inc. The contract also includes options for another 90 E175s, taking the total order potential up to 150 aircraft. The firm orders, which have a value of USD 2.5 billion at list price, will be included in Embraer’s 2013 fourth-quarter backlog. American Airlines will configure the E175s with 12 First Class, 20 Main Cabin Extra and 44 Main Cabin seats, with a total of 76 seats. The delivery of the first aircraft is scheduled for the first quarter of 2015.

Embraer expects a “good year” in 2014 for commercial jet sales, with Eastern Europe and Russia among the most promising regions for new business, a senior executive told Reuters.

BANKING & FINANCE

The Brazilian Development Bank (BNDES) disbursed R$ 146.8 billion between January and October this year, up 35% compared with the same period last year. All sectors supported by the Bank recorded positive performances in the first ten months of 2013, with a 31% increase in disbursements to infrastructure (R$ 47.3 billion), a 19% rise to industry (R$ 44.7 billion) and a 52% growth to trade and services (R$ 40 billion). The largest relative improvement was to agriculture and cattle-raising, with releases of R$ 14.8 billion, some 73% higher than that recorded between January and October last year.

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OIL & GAS

Damen Shipyards Group delivered the fifth Platform Supply Vessel in a series of six to World Wide Supply of Norway on December 5th. The World Opal is a Damen PSV 3300 CD. The first ship, World Diamond, was delivered in July and the last in the series ‘World Sapphire’ is due to be delivered mid-December. Four of the six World Wide Supply PSV 3300s have secured long-term contracts supporting Petrobras, offshore Brazil (Rotterdam Week).

– NEW EDITION –

BRAZIL WEEKLY’S BRAZIL’S NEXT 10 HOTTEST BUSINESS CITIES

Rodoviária de Londrina - Ft: Milton Dória - 2004

Check out our revised, 2013, edition! No doubt the biggest and most important business centres of Brazil are the megacities of Sao Paulo and Rio de Janeiro and do not forget most other state capitals like Belo Horizonte, Salvador da Bahia, Recife, Fortaleza, Curitiba and Porto Alegre. But Brazil is big and there are plenty of other fast developing cities, not being state capitals. So for a minute forget Sao Paulo, Rio and those other 2014 World Cup host cities and check out Brazil Weekly’s Brazil’s Next 10 Hottest Business Cities 2013.

SPLIT SECOND POLL

Local & LatAm News

In Brazil on December 13, 2013 at 10:43 am

ADVERTISEMENT



SUPPORT BRAZIL WEEKLY AND BOOK YOUR HOTEL IN BRAZIL HERE

THE LATIN PACIFIC

latam

A new section in Brazil Weekly, aiming top provide information on the latest Latam developments, mainly on the Pacific coast:

Mexico ordered a fifth Damen Patrol Vessel (Rotterdam Week).

Nidera Uruguaya S.A. was awarded first place in the category of ‘modern dynamic export companies’ at the 2013 Export Awards in Uruguay (Rotterdam Week).

The World Bank has set out to improve Peru tourism in the Cuzco region (Rotterdam Week).

Why do Latin American entrepreneurs innovate so little? Find out more at Rotterdam Week.

The FGV’s Economic Climate Index for Latin America remains stable (Rotterdam Week).

LatAm container handling is growing at a slower pace. Panamanian ports are still on top but Santos and Manzanillo are gowing fast (Rotterdam Week).

BEST ENGLISH BOOKS ON BRAZIL

Be welcome to check out Brazil Weekly’s book store in cooperation with Amazon.com! Browse the Brazil Weekly Store for highly relevant maps, books on politics, economics and history as well as travel or tourist guides and translated Brazilian literature. Click on the categories and watch our slide shows go by, packed with Brazil Weekly’s picks. You order straight with Amazon, one of the best online stores in the world. Enjoy!

MEET BRAZIL WEEKLY’S CONSULTANCY

Are you planning on doing business in Brazil? Get there with

Atlantico Business Development

  • business diplomacy
  • economic intelligence
  • political risk assessment
  • market scans

more here.

WEEKEND BREAKS!

Brazil Weekly now offers another new feature: Weekend Breaks! Over the next months we will show you how to enjoy your weekend out of town when staying in Brazil’s biggest business cities. First online was your Weekend Break out of Belo Horizonte, to the famous historic town of Ouro Preto, a must to visit. Our latest addition is your Weekend break from Sao Paulo to Guarujá, check it out!

FIFA WORLD CUP

Brazilian prosecutors will this week investigate a riot that left four football fans injured and raised fresh doubts about the country’s ability to host next year’s World Cup. The Campeonato Brasileiro match between Atletico Paranaense and Vasco da Gama was stopped for almost an hour when rival fans clashed at Arena Joinville in Brazil’s southern state of Santa Catarina (Xinhua).

ATLANTICO WEEKLY

Be welcome to visit Brazil Weekly’s sister publication Atlantico Weekly, with news about Angola, Mozambique and Cape Verde, three upcoming Portuguese speaking countries.

PROJECT OF THE WEEK

alphavilleuberlandia

Render of the new Granja Marileuza neighbourhood for Uberlandia, MG.

AMAZON

The mayor of the World Cup host city described as a “crime-ridden hell-hole” by a British newspaper said its correspondent was badly misinformed and invited critics to come see it for themselves. Manaus mayor Arthur Virgilio said he was aware of the contents of the story in the Daily Mirror which warned English fans they would be risking their lives by visiting the city where England play Italy in their opening Group D match on June 14 (Reuters).

RIO

Heavy rains in Rio cause flooding in front of Maracanã Stadium and leave motorists stranded, Folha reported.

Organisers of the 2016 Rio de Janeiro Olympics have no time to lose with the International Olympic Committee president flying into the country in the coming weeks to monitor progress, the IOC said (Reuters).

SAO PAULO

With the proximity of summer and the high season, municipalities on the São Paulo coast have adopted different strategies to try to prevent a new outbreak of dengue. This year, the number of cases in the region jumped from last year: from 1,465 to 36,470 (until Nov. 15) (Folha).

Politics & Government News

In Brazil on December 6, 2013 at 11:01 am

ADVERTISEMENT

MEET OUR CONSULTANCY

Are you planning on doing business in Brazil? Get there with

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POLITICS

Dilma and her predecessor, Luiz Inácio Lula da Silva, both from the PT, are leading the polls for the presidential race in all most likely scenarios for 2014, Folha reported.  Dilma will be reelected – in the most likely scenario with 47%.

INTERNATIONAL

Argentina’s recent Cabinet shuffle has smoothed trade friction between South America’s two largest economies and clears the way for a united proposal for free trade with the European Union, Brazilian Trade Minister Fernando Pimentel said (Reuters).

Brazil’s development bank BNDES will open its third international location tomorrow to help drum up business for Brazilian companies in Africa beyond the Portuguese-speaking countries. The Johannesburg location follows offices in Montevideo and London, both opened in 2009 (Bloomberg).

BRAZIL WEEKLY STORE

Check out the Brazil Weekly Store, our online shop in cooperation with Amazon.com. Now listing books on Brazil and Brazilian music cds!

OPINION

Be welcome to check out Brazil Weekly’s interview with Professor Bolivar Lamounier and find out Why you shouldn’t get too excited about Brazil’s new middle class…

ROTTERDAM WEEK

terminal

Check out our new Publication

ROTTERDAM WEEK

Brains & Brawn from a Virtual City State!

Un-Dutch Reporting

on

Political Risks & Business Opportunities

in the Americas, Europe & Southern Africa!

SUBSCRIBE, IT’S FREE!

You request a free subscription to Brazil Weekly here and get email notifications on updates.

Brazil Weekly is also Facebook. You can like us here and join our group there.

You can also follow Brazil Weekly on Twitter at brazilweekly.

And be very welcome to join the Brazil Weekly networking and discussion group on Linkedin: Click here to join.

CITY BRIEFS

Check out Brazil Weekly’s new feature City Briefs, a series of introductions to the country’s main economic centers, packed with relevant info for business travelers. First to hit the net were the Brazil Weekly City Briefs on Brasilia, the federal capital of Brazil, Belo Horizonte, the country’s third economic centre and Sao Paulo, the global megacity. Latest City Brief deals with Rio de Janeiro, the Marvelous City!

SOCIAL

With Brazil hosting the World Cup next year, officials fear an explosion in child prostitution as sex workers migrate to big cities and pimps recruit more underage prostitutes to meet the demand from local and foreign soccer fans (Reuters).

avatar

Do we need intercultural communication or should we just be yourself? Read the column at Rotterdam Week.

– NEW EDITION –

BRAZIL WEEKLY’S BRAZIL’S NEXT 10 HOTTEST BUSINESS CITIES

Rodoviária de Londrina - Ft: Milton Dória - 2004

Check out our revised, 2013, edition! No doubt the biggest and most important business centres of Brazil are the megacities of Sao Paulo and Rio de Janeiro and do not forget most other state capitals like Belo Horizonte, Salvador da Bahia, Recife, Fortaleza, Curitiba and Porto Alegre. But Brazil is big and there are plenty of other fast developing cities, not being state capitals. So for a minute forget Sao Paulo, Rio and those other 2014 World Cup host cities and check out Brazil Weekly’s Brazil’s Next 10 Hottest Business Cities 2013.

Business & Economy News

In Brazil on December 6, 2013 at 11:01 am

ADVERTISE NOW

ON BRAZIL WEEKLY

AND GET HUGE DISCOUNTS!

Brazil Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info.

ECONOMY

The Brazilian economy retracted from July to September as a result of a fall in business confidence, which, in the face of higher interest rates and tighter credit, lowered investments by 2.2% compared to the second quarter. The 3rd quarter drop led the Brazilian economy to post its first decline since early 2009, shortly after the global crisis. Gross domestic product shrank 0.5% over the previous period (Folha).

The Economist ponder Brazil’s deteriorating economy with slow growth, stubborn inflation and mounting deficits (The Economist).

The General Price Index – Market (IGP-M) recorded a 0.29% change in November, compared to 0.86% in October. In November 2012, it fell by 0.03%. The cumulative change rate in 2013, until November, is 4.88%. In 12 months, the IGP-M increased 5.60%. The IGP-M is calculated based on the prices collected between the 21st day of the previous month and 20th day of the reference month (FGV-IBRE).

In the quarter ended in November, the Trade Confidence Index (TCOI) by the Getulio Vargas Foundation recorded a variation of -5.2% compared to the same period last year. The result indicates a relative decrease of confidence in the sector since the quarterly interannual variations had been -3.6% and -3.9% in September and October, respectively, on the same basis of comparison (FGV-IBRE).

Brazil’s government is refinancing its debt despite a recent jump in borrowing costs, Finance Minister Guido Mantega said, in a stark denial of reports that policymakers are at odds over fiscal policy. A surge in debt yields in recent months followed the central bank’s decision to raise the benchmark overnight Selic lending rate to fight inflation, Mantega said (Reuters).

– HIGHLY RECOMMENDED –

They Don't Talk Ad

“They Don’t Speak Spanish in Brazil” is the go to resource for learning the culture and for conducting business in Brazil by Joseph and Claudia Brito Low.

BUSINESS

Telefonica must determine how to reduce its presence in Brazil to comply with an antitrust ruling, which said its move to boost its influence over Telecom Italia undermines competition in the South American country’s telecommunications market (Bloomberg).

MEET BRAZIL WEEKLY’S CONSULTANCY

Are you planning on doing business in Brazil? Get there with

Atlantico Business Development

  • business diplomacy
  • economic intelligence
  • political risk assessment
  • market scans

more here.

AGRI ETC.

Raizen Energia SA, Brazil’s biggest ethanol exporter, is the sugar-cane processor most at risk from a U.S. plan to cut biofuel mandates, threatening the South American country’s $6.4 billion export market (Bloomberg).

Brazil, the world’s largest producer of ethanol from sugarcane, may start producing the biofuel from corn after a record crop prompted domestic prices to slump below costs, the country’s agriculture policy secretary said (Bloomberg).

AUTOMOTIVE

Jaguar Land Rover Ltd confirmed its plans to invest 750 million reais ($318 million) to build a factory in Rio de Janeiro with a capacity of 24,000 vehicles per year (Reuters).

AVIATION

A Embraer 190, built in 2012, operated by LAM of Mozambique, crashed over Namibia en route from Maputo to Luanda, killing all passengers and crew.

BANKING & FINANCE

BM&F BOVESPA publishes November market performance (BM&F Bovespa).

TOURISM

An Argentine lawyer has been identified as the six millionth foreign visitor to Brazil this year, marking a tourism record for the country, state-run Brazilian Tourism Company Embratur announced. Argentine Nadia Panis, who flew from Buenos Aires to Rio, received a special welcome with music and sweets and was presented with an all-expense-paid weekend at a seaside resort in the city. Brazil has registered more than 5 million international visitors every year since 2005, but has never surpassed 6 million mark until now (Xinhua).

MINING & STEEL

Vale approved the investment budget for 2014, with capital expenditures of US$ 9.3 billion for project execution and US$ 4.5 billion dedicated to sustaining existing operations, as well as US$ 0.9 billion for research and development (R&D) (Vale).

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OIL & GAS

GranEnergy, a Brazilian oil & gas logistics firm, will open an office in Rotterdam (Rotterdam Week).

Local & LatAm News

In Brazil on December 6, 2013 at 10:59 am

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THE LATIN PACIFIC

latam

A new section in Brazil Weekly, aiming top provide information on the latest Latam developments, mainly on the Pacific coast:

The World Bank has set out to improve Peru tourism in the Cuzco region (Rotterdam Week).

Why do Latin American entrepreneurs innovate so little? Find out more at Rotterdam Week.

Nidera Argentina ends up in top ten of sustainable companies (Rotterdam Week).

The FGV’s Economic Climate Index for Latin America remains stable (Rotterdam Week).

LatAm container handling is growing at a slower pace. Panamanian ports are still on top but Santos and Manzanillo are gowing fast (Rotterdam Week).

The IMF urges Surinam to take measures to avoid boom and bust cycles (Rotterdam Week).

Mexico’s Zetas are not finished yet, Stratfor reckons (Rotterdam Week).

BEST ENGLISH BOOKS ON BRAZIL

Be welcome to check out Brazil Weekly’s book store in cooperation with Amazon.com! Browse the Brazil Weekly Store for highly relevant maps, books on politics, economics and history as well as travel or tourist guides and translated Brazilian literature. Click on the categories and watch our slide shows go by, packed with Brazil Weekly’s picks. You order straight with Amazon, one of the best online stores in the world. Enjoy!

MEET BRAZIL WEEKLY’S CONSULTANCY

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WEEKEND BREAKS!

Brazil Weekly now offers another new feature: Weekend Breaks! Over the next months we will show you how to enjoy your weekend out of town when staying in Brazil’s biggest business cities. First online was your Weekend Break out of Belo Horizonte, to the famous historic town of Ouro Preto, a must to visit. Our latest addition is your Weekend break from Sao Paulo to Guarujá, check it out!

FIFA WORLD CUP

A posse of more than 3,600 armed guards will be deployed to guarantee security during Friday’s FIFA World Cup draw. The combined force includes Brazilian army troops, police, municipal guards and agents from Brazil’s federal intelligence service, Abin. Counter-terror troops as well as air force and navy units will also patrol the area surrounding the Costa do Sauipe luxury resort on Brazil’s northeast coast (Xinhua).

ATLANTICO WEEKLY

Be welcome to visit Brazil Weekly’s sister publication Atlantico Weekly, with news about Angola, Mozambique and Cape Verde, three upcoming Portuguese speaking countries.

PROJECT OF THE WEEK

hotelbueno

Render of the Hotel Bueno for Goiania.

AMAZON

The World Bank is aiding Acre state for improving its public services (Rotterdam Week).

The Brazilian government’s plan to resolve widespread land disputes between farmers and Indians is meeting opposition from both sides. Farmers say the proposal would not prevent productive land from being turned over to Indians while tribes protested outside the presidential palace in Brasilia because they fear the measures will slow the creation of new Indian territories (Reuters).

SAO PAULO

Investe São Paulo improved their website and launches company webtool to assist partner searching. “Find a Business Partner” allows free of charge relaying of announcements and searches for partership opportunities.