News from Brazil

Archive for March, 2014|Monthly archive page

Politics & Government News

In Brazil on March 20, 2014 at 10:24 pm

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INTERNATIONAL

The US, Germany, Poland, Brazil and Mexico are among next year’s Best Countries for Business. Rotterdam Week in cooperation with Atlantico Business Development (an international consultancy based in Rotterdam) has selected the best 15 markets of 2014/15 for your direct

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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 March 20, 2014 at 10:24 pm

ECONOMY

Brazil’s economy added a net 260,823 payroll jobs in February, the Labor Ministry said, more than double what market analysts expected in another sign of strength in the country’s labor market. Economists had expected the economy to add 110,000 positions last month, according to the median forecast of 6 analysts in a Reuters poll. The highest estimate was for the creation of 130,000 jobs that month.

Brazil’s economy is stuck in “mais ou menos” land. For the bears, it’s more “menos” — as in less — than it is “mais” — as in more. Retail sales surprised to the upside in January, but most economic data is expected to come in relatively flat to negative for February. Simply put, there is no Brazilian bounce in the works (Forbes).

BUSINESS

Why not just trust the billionaire owners of Brazilian beverage behemoth AmBev, hey? It’s about time this stock turns the corner. That is, if beer sales data from the last two months are any indicator of how the market’s been punishing AmBev simply for being Brazilian (Forbes).

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AGRI ETC.

The Brazilian Development Bank (BNDES) has approved non-reimbursable financial
support to the tune of R$ 21.9 million to develop technology to convert sugarcane biomass into ethanol. The operation, together with the National Center for Research of Energy and Materials (CNPEM), is within the scope of the BNDES-Finep’s Joint Plan to Support Industrial Technological Innovation in Sugarcane Sectors (PAISS),whose previously-approved operations (eight in total) amount to R$ 1.27 billion (BNDES).

Brazil’s 2014/15 sugar cane crop that has started early crushing in the south will suffer losses on average of 5 percent to 10 percent from recent dry weather this year, the Chief Financial Officer of Raizen, Pedro Mizutani, said (Reuters).

AUTOMOTIVE

German truck maker MAN said it had won two major tenders in Brazil for a total of 814 vehicles. MAN, which is controlled by Volkswagen, said Brazil’s National Fund for Education Development had ordered 500 delivery trucks to help distribute meals to public schools. MAN also said Ambev, Latin America’s largest beer brewery, will receive 314 new Worker 23.230 vehicles, which are especially developed for the transportation of beverages in time for the World Cup soccer tournament in Brazil (Reuters).

AVIATION

LATAM Airlines posted a net loss of $46.1 million for the fourth quarter due to a drop in revenue and a foreign exchange loss stemming from the Brazilian real’s depreciation (Reuters).

OIL & GAS

Brazil’s opposition lawmakers plan to start an inquiry into allegations of irregularities in an oil refinery purchase by state-run Petroleo Brasileiro SA. President Dilma Rousseff said that the Petrobras board that she headed in 2006 approved the $370 million purchase of a 50 percent stake in Pasadena Refining System Inc. from Astra Oil Trading NV without knowledge of a put option that in 2012 forced the company to buy the remaining stake as part of a $820.5 million legal settlement (Bloomberg).

TRANSPORT

Container shipper Maersk Line, a unit of Denmark’s A.P. Moller-Maersk, wants to compete in auctions to run port terminals in northern Brazil, if they ever occur. Legal hurdles have kept private operators from bidding on new port concessions, a step considered essential to improving the efficiency of South America’s largest economy (Reuters).

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Local & LatAm News

In Brazil on March 20, 2014 at 10:23 pm

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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:

Mexican offshore company Naviera Integral and Damen Shipyards Group signed a contract for four more Damen Fast Crew Suppliers 5009 (Rotterdam Week).

An International Monetary Fund (IMF) mission visited Panama City during February 11-21 to conduct the country’s annual consultations. The delegation concluded that Panama’s economic performance remains buoyant, outlook favorable, in spite of certain local and international risks. The IMF therefore thinks a tighter fiscal policy is recommended (Rotterdam Week).

The IMF sees Peru’s economy continuing as a regional high growth leader (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!

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

pampa

Render of the Pampa study center for Jaguarão, RS

SAO PAULO

The heat is one thing. More worrying is that this year it has not been accompanied by the usual late afternoon thunder storms. The result is a water shortage so severe that São Paulo’s main reservoir, the Cantareira System, is full to just 15 per cent of its capacity, its lowest level since records began (FT).

SOUTH

Faced with a chronic shortage of labour, companies from the state of Paraná in the south of Brazil are looking for truck drivers in Colombia to work on Brazilian roads. The first ten Colombians arrived in February. Their training is coming to an end and they are ready to start driving in a country with a deficit of 100 thousand drivers (Folha).

 

Politics & Government News

In Brazil on March 14, 2014 at 1:37 pm

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POLITICS

Social media will play a big role in this year’s presidential elections, The Economist writes.

The rift between President Dilma Rousseff and her main political allies widened on Wednesday one day after they voted in Congress to look into bribery allegations leveled at Brazil’s state-run oil company Petrobras. Disgruntled congressmen from coalition parties summoned an array of Rousseff’s cabinet members to appear before various congressional committees in a new display of discontent. They also invited Maria das Graças Foster, the chief executive officer of state-controlled oil producer Petróleo Brasileiro SA, to answer questions about the allegations that a Dutch company paid bribes to company officials to win contracts for floating oil platforms (Reuters).

With the World Cup in June and July and a presidential election in October, many Brazilians aren’t thinking beyond 2014. But next year is likely to be memorable for all the wrong reasons in Latin America’s biggest economy. President Dilma Rousseff, or whoever wins the election, will have to make deep budget cuts, raise taxes and take other painful steps to address Brazil’s growing financial imbalances. The fallout will likely be more damaging than many investors anticipate, resulting in a fourth straight year of disappointing growth – a big fall back to earth for a country that last decade was one of the world’s most dynamic emerging markets (Reuters).

INTERNATIONAL

The US, Germany, Poland, Brazil and Mexico are among next year’s Best Countries for Business. Rotterdam Week in cooperation with Atlantico Business Development (an international consultancy based in Rotterdam) has selected the best 15 markets of 2014/15 for your direct investment or for exporting your products. Find it here.

DEFENSE & SECURITY

Brazil plans to build an aircraft carrier with a foreign partner as part of an effort to enhance its military readiness, Defense Minister Celso Amorim told reporters. “The idea is for it to be built in Brazil, probably based on an existing project,” Amorim told a group of foreign correspondents. Latin America’s largest country will require a new aircraft carrier within 15 years and will modernize its existing one in the meantime, Amorim said (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

avatar

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

Business & Economy News

In Brazil on March 14, 2014 at 1:37 pm

ECONOMY

Brazil’s GDP will come in lower than expected this year, according to the Central Bank’s Focus survey released on Monday. The average response from economists at Brazil’s biggest investment banks suggests 2014 GDP coming in at 1.68% from a previous forecast of 1.7%. Next Next year’s GDP target stood unchanged at 2%. Four weeks ago, projections were 1.9% and 2.2% respectively, suggesting the nation’s economists are increasingly bearish (Forbes).

Brazil’s January retail sales came in better than the market expected, but Barclays Barclays Capital says investors shouldn’t get ahead of themselves. February auto sales figures came in lower and that will be a likely drag over the country’s first quarter growth (Forbes).

EU28 exports to Brazil in 2012 amounted to 39.7 billion euro and imports to 37.4 bn. The EU28 registered a continuous deficit in trade in goods with Brazil up to 2011, with a peak in 2007, turning to a surplus of 2.3 bn in 2012. The first nine months of 2013 confirm the most recent trend, with EU28 exports to Brazil continuing to increase, from 29.6 bn euro in the first nine months of 2012 to 30.4 bn in the same period of 2013, while imports continued to fall, from 28.8 bn to 24.9 bn over the same period. As a result, the EU28 surplus in trade of goods with Brazil of 0.8bn in the first nine months of 2012 increased significantly to 5.5 bn in the same period of 2013 (Rotterdam Week).

BUSINESS

The losses of São Paulo’s stock market and the decline of Brazil’s real made Brazilian companies the biggest losers among the world’s major companies, losing space among global giants. Among the 10 companies of the world’s top 500 that lost the most market value in the past 12 months, four are Brazilian. Market value is calculated according to the company’s stock price multiplied by its total shares and reflects investors’ trust in the company (Folha).

MEET BRAZIL WEEKLY’S CONSULTANCY

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AUTOMOTIVE

Growth in Brazil’s car market has screeched to a halt, but it is way too late for automakers to hit the brakes. While domestic sales retreat and exports plunge, Brazilian factories are adding over a million vehicles of new capacity in just a few years, battering profitability in the world’s fourth biggest auto market. By 2017, global carmakers will be set up to build 6 million vehicles a year in Brazil even as local sales may struggle to pass 4 million, analysts say. They blame heavy-handed industrial policy and an excess of emerging-market euphoria (Reuters).

AVIATION

Embraer Commercial Aviation rolled out the first E175 featuring a range of aerodynamic improvements that reduce fuel burn compared to the previous production aircraft. The modifications include the introduction of a new wingtip, systems optimization, and streamlining of aerodynamic surfaces. The aircraft was presented to Embraer employees at a ceremony at the company’s São José dos Campos facility. The first customer delivery of the E175 with the complete package of modifications is expected in the coming weeks.

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OIL & GAS

Petrobras has received five notices of violation from the Brazilian inland revenue service since October, amounting to R$8.768 billion (USD $3.7 billion). This is equivalent to 37.2% of the company’s total profits in 2013, which stood at R$23.6 billion (USD $10 billion). The company is studying all resources at its disposal, and has therefore not published the payments in its budget as probable losses (Folha).

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Local & LatAm News

In Brazil on March 14, 2014 at 1:35 pm

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:

Mexican offshore company Naviera Integral and Damen Shipyards Group signed a contract for four more Damen Fast Crew Suppliers 5009 (Rotterdam Week).

An International Monetary Fund (IMF) mission visited Panama City during February 11-21 to conduct the country’s annual consultations. The delegation concluded that Panama’s economic performance remains buoyant, outlook favorable, in spite of certain local and international risks. The IMF therefore thinks a tighter fiscal policy is recommended (Rotterdam Week).

The IMF sees Peru’s economy continuing as a regional high growth leader (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!

WORLD CUP & OLYMPICS

With just three months to go until the World Cup, there are concerns that energy may have to be rationed. The intense heat of the summer produced an increase in energy consumption during February, while lower than average rainfall has meant that Brazil’s hydroelectric plants have been unable to produce their usual levels of energy (Folha).

Organizers of the 2016 Rio de Janeiro Olympics have been told that a building meant to house 3,000 journalists won’t be ready in time for the games (Bloomberg).

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

pontadapraia

Render of a new residential porject for Santos, SP (Click to enlarge).

RIO

Rio de Janeiro state’s security forces occupied another slum today following a surge in crime in the favelas where it has expanded policing. Heavily armed police moved into the Vila Kennedy neighborhood in the west of the city this morning, making it the 38th favela taken over since 2008, according to the state security secretariat. There were no reports of gunfire in what culminated six days of operations in other communities (Bloomberg).

SAO PAULO

Barão de Itapetininga Street, in downtown São Paulo, ceased to be known only as a shopping area and is now the square meter most vandalized by supporters of the Black Blocs, who advocates the destruction of property as protest (Folha).

Politics & Government News

In Brazil on March 7, 2014 at 10:47 am

MEET OUR CONSULTANCY

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

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POLITICS

The average Brazilian voter in 2014 is between 25 and 34 years old, has a high school education and a low monthly family income – up to R$ 1,448 (US$ 618). He lives in the Southeast region, in a small countryside town, with fewer than 50,000 inhabitants. Candidates who manage to convince the average voter are very likely to reach the end of the dispute at the top. Today, President Rousseff, the PT’s candidate for reelection, is the closest to this average voter. Her voters have the characteristics closest to those of the most common social profile (Folha).

INTERNATIONAL

The Brazilian foreign minister Luiz Alberto Figueiredo supports Venezuelan President Nicolas Maduro’s opening of talks with opposition leaders and protestors. Violent protests in the country have killed at least 17 people over the last month. Figueiredo also discussed the American whistleblower Edward Snowden, in an interview with Folha.

The US, Germany, Poland, Brazil and Mexico are among next year’s Best Countries for Business. Rotterdam Week in cooperation with Atlantico Business Development (an international consultancy based in Rotterdam) has selected the best 15 markets of 2014/15 for your direct investment or for exporting your products. Find it here.

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 March 7, 2014 at 10:47 am

ECONOMY

A positive surprise halted bad expectations for the Brazilian economy, but there is still no end in sight to the slow growth that has been the three last years. The Gross Domestic Product – the production and income measurement in the country – from 2013 showed modest growth of 2.3% thus becoming the worst three-year period since the late 90s. The impetus came from the last quarter, an improvement of 0.7% in comparison to the previous quarter. Until then, the fear was a negative rate, which would allowed for a recession diagnosis. With the discovery that the economy was not as bad, in December, the expectations for this year are likely to improve, due to a more pleasant start point (Folha).

EU28 exports to Brazil in 2012 amounted to 39.7 billion euro and imports to 37.4 bn. The EU28 registered a continuous deficit in trade in goods with Brazil up to 2011, with a peak in 2007, turning to a surplus of 2.3 bn in 2012. The first nine months of 2013 confirm the most recent trend, with EU28 exports to Brazil continuing to increase, from 29.6 bn euro in the first nine months of 2012 to 30.4 bn in the same period of 2013, while imports continued to fall, from 28.8 bn to 24.9 bn over the same period. As a result, the EU28 surplus in trade of goods with Brazil of 0.8bn in the first nine months of 2012 increased significantly to 5.5 bn in the same period of 2013 (Rotterdam Week).

In a sign that Brazil’s commodity players may be close to tapped out on debt, Brazil’s two largest companies, Petrobras and Vale , said they will be investing less this year (Forbes).

Brazil recorded its largest February trade deficit ever, deepening a trade gap this year that underscores the uncompetitiveness of local industry and a voracious appetite for imports. The commodities powerhouse posted a trade deficit of $2.125 billion in February, the trade ministry said, its second straight monthly shortfall (Reuters).

BUSINESS

China has made a significant bet on South America to meet its growing appetite for foreign grain with an agreement to buy a controlling stake in Dutch agricultural trading house Nidera (Rotterdam Week).

A federal court ruled that Germany’s Siemens is prohibited from participating in public auctions and signing government contracts in Brazil for the next five years, company spokesman Alexander Becker said (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.

Drought in the center-south and heavy rains in the center west bread basket states of Brazil have taken a massive toll on the country’s all-important farm sector. According to agribusiness analysts, the country will lose at least R$10 billion (around $4.35 billion) in farm revenues this year because of the odd weather patterns (Forbes).

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MINING

Trafigura Beheer BV, the world’s second-biggest metals trader, is considering new investments in Brazil after gaining control of an iron-ore port as it expands operations in South America. The Amsterdam-based Trafigura is looking into opportunities mainly in mining projects in the world’s second-largest iron-ore exporter, Mariano Marcondes Ferraz, chief executive officer for Trafigura’s DT Group venture, said in an interview in Rio de Janeiro yesterday. The company may consider buying mines or help current producers to boost their production capacity by financing expansions, he said (Bloomberg).

OIL & GAS

Petrobras is set to boost imports as much as 31 percent to supply thermal plants as Brazil’s record drought causes hydro-dams to dry out, Bloomberg reported.

SPLIT SECOND POLL

Local & LatAm News

In Brazil on March 7, 2014 at 10:46 am

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:

An International Monetary Fund (IMF) mission visited Panama City during February 11-21 to conduct the country’s annual consultations. The delegation concluded that Panama’s economic performance remains buoyant, outlook favorable, in spite of certain local and international risks. The IMF therefore thinks a tighter fiscal policy is recommended (Rotterdam Week).

The IMF sees Peru’s economy continuing as a regional high growth leader (Rotterdam Week).

LatAm’s Pacific Alliance was highlighted at Davos (Rotterdam Week).

Stratfor reported on the state of NAFTA: NAFTA and the Future of Canada, Mexico and the United States (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!

WORLD CUP & OLYMPICS

FIFA has been left with a huge challenge following Brazilian delays in building stadiums for the 2014 World Cup, secretary general Jerome Valcke said (Reuters).

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

4seasonspaiva

Render of the Four Seasons Paíva Hotel & Resort for Cabo de Santo Agostinho, PE.

SAO PAULO

The University of São Paulo (USP) has fallen in the Times Higher Education (THE) world reputation rankings for science. Last year, USP was ranked between 61st and 70th position, whereas this year the university has fallen to between 81st and 90th. Harvard University remains in first place in the rankings. Despite the fall, USP is the only South American university to appear in the top hundred (Folha).

Deutsche Bank struck a deal with the prosecutors and the city of São Paulo to indemnify the public treasury with US$ 20 million to be used to move values that, according to the prosecution, were misappropriated by former mayor Paulo Maluf (PP-SP) between 1993 and 1998 (Folha).