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Invest in Brazil News

  • Boituva: the adventure tourism hub

    Parachuting and ballooning attract travelers from all over the country to adventure-filled walks and beautiful landscapes

    Located 120 km from the city of São Paulo, Boituva became a reference to the more adventurous tourists. In addition to the famous parachute jumps, visitors can still check out the incredible experience of the balloon rides promoted in the city 30 years ago.

  • Expresso Leste-Mogi celebrates 1 month of operation on Thursday (8)

    After 19 years making transfer between trains in Guaianases, residents of Alto Tietê celebrate direct trips of Students to Light

    The operation of the Espresso Leste-Mogi (Luz-Estudantes) during business hours completes a month of operation on Thursday (8).

  • Brazil donates anti-rabies vaccines to Haiti

    Seven thousand doses of the vaccine were available

    Brazil has donated 7,000 doses of human anti-rabies vaccine provided by the Ministry of Health, in response to a request from the Haitian government, to Haiti in a humanitarian cooperation program coordinated by the Brazilian Cooperation Agency (ABC). Transportation to Port-au-Prince was funded by the Pan American Health Organization (PAHO).

  • National Consumer Secretariat promotes on-line campaign for renegotiation of debts

    Action takes place during the 6th Financial Education Week between May 13 and 31

  • Published list of products with bonuses in May for Price Guarantee for Family Agriculture

    Eleven products were priced below market and will have discounts on the amortization or liquidation of Pronaf

  • INSS technicians clarify doubts at CPTM Brás Station

    Action to talk about services and social security benefits will occur between the next Wednesday (8) and Friday (10), from 9am to 3pm

    With the focus on the worker's month, passengers using the Brás Station, which services the 10-Turquoise, 11-Coral and 12-Sapphira lines, can receive guidance on social security. The action takes place from Wednesday (8) to Friday (10), from 9am to 3pm.

  • Pirituba and Piqueri stations have vaccination against yellow fever

    Action on Wednesday (8) requires presentation of identification document and, if any, updated immunization record

    On Wednesday (8), passengers using Line 7-Rubi will have the opportunity to vaccinate for free against yellow fever. The action takes place in the Pirituba stations, from 9am to 4pm, and Piqueri, from 10am to 3:30 p.m.

  • Partnership between Unesp and college in Botucatu promotes teaching of genetics

    Universidade Estadual Paulista has an agreement with the objective of producing creative methods to support the learning of young people

  • A Single Economist Sees Brazil Cutting Rates This Week

    Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

    Only one of the 28 economists surveyed by Bloomberg expects Brazil’s central bank to cut its benchmark interest rate on Wednesday. Yet his call sounds more like wishful thinking.

  • Brazil lawmakers revisit pension bill as economic outlook dims

    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.

    The special committee convenes after weeks of political delay and a sprinkling of public holidays. From an economic and market perspective, the timing could not be more critical.

  • Brazil PMIs show economy got off to very sluggish start in Q2

    Brazil’s economy got off to an extremely slow start in the second quarter, figures released on Monday showed, with activity in the all-important services sector contracting in April for the first time since September last year.

    Combined with last week’s snapshot of the manufacturing sector, the IHS Markit purchasing managers index data showed overall economic activity in Brazil almost ground to a standstill in April.

  • Brazil's trade surplus widens to $6.06 billion in April

    Brazil posted a trade surplus of $6.06 billion in April, the Economy Ministry said on Thursday, wider than the previous month but just shy of the median $6.7 billion surplus forecast in a poll of economists.

    It was the second largest surplus ever recorded for the month of April and the biggest monthly surplus so far this year, a result of exports totaling $19.69 billion and imports of $13.63 billion.

  • Brazil industrial output slumps in March, underscores weak Q1 growth

    Brazil’s industrial production fell 1.3 percent in March from the month before, statistics agency IBGE said on Friday, a steeper fall than economists had expected and another indication of the economy’s sub-par performance in the first quarter.

    It was the biggest decline in six months, almost double the median estimate of a 0.7 percent fall in a Reuters poll of economists, and weighed heavily on the longer-term measures of industrial output.

  • Cosud: Strengthening tourism is a goal of the South and Southeast states

    The consortium's proposal is to focus on the integrated work to increase the turnover of the sector between the units of the Federation

    The Consortium for South and Southeast Integration (Cosud), formed by seven states (Espírito Santo, Minas Gerais, Paraná, Rio de Janeiro, Rio Grande do Sul, Santa Catarina and São Paulo) signed a commitment to integrate public policies.

  • Brazil’s Vale asks court for inspection firm documents on burst dam

    Brazilian miner Vale SA , the world’s biggest iron ore producer, has taken legal action to force a German inspection firm to provide documents on its services for the Brumadinho dam that could help to establish who was responsible for the disaster.

    TÜV SÜD audited the tailings dam before its collapse in January which killed nearly 300 people.

  • Latam stocks, FX weaken after Fed dampens rate cut bets

    Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with their global peers. Regional markets, returning from the Labour Day holiday, were also pressured by declining crude prices hurting energy stocks and currencies of oil exporters. Fed Chair Jerome Powell on Wednesday signaled little appetite to adjust interest rates anytime soon.

  • Brazil airline Azul could bid for Avianca Brasil’s assets after all

    Brazilian airline Azul SA has registered to participate in a bankruptcy auction for the assets of struggling carrier Avianca Brasil scheduled for next week, potentially walking back a previous decision not to participate.

    The airline confirmed through a representative that they had registered, although he said no decision had been made whether to actually place a bid. The bankruptcy auction is set for Tuesday.

  • Global Tourism Economy Forum visited partner countries Argentina and Brazil

    Delegation of Global Tourism Economy Forum recently completed an official visit to Argentina and Brazil, GTEF 2019 Partner Countries. Led by Pansy Ho, Vice Chairman and Secretary-General of GTEF, objective of this mission was two-fold: The Delegation meets the head of state and Ministries of Tourism of Argentina and Brazil, introduces GTEF 2019 and extends invitation to major chambers of commerce, tourism associations and industry leaders.

  • Brazil develops open banking model

    Central Bank of Brazil has approved and issued guidelines to be considered for the future implementation of an open banking model in the country.

  • Brazil’s central bank aims to stimulate competition through open banking

    New regulation would see top-12 banks adopt open banking second half of next year; central bank hopes better risk management will lower cost of credit, spur growth.

    The Brazilian central bank is making good on its push to increase competition in the country’s financial sector by publishing a directive on the governance of its open-banking initiative.

  • Brazil public investment this year may hit new low below 0.5 pct/GDP -Treasury

    Brazil’s public investment could fall below 0.5 percent of gross domestic product this year if weak revenues force the government to put the squeeze on discretionary spending, the Treasury said on Monday.

    This would be the lowest ever level of public spending as a share of the economy, and would represent a continued decline from 0.7 percent of GDP last year and 1.7 percent of GDP in 2014, the Treasury said.

  • Brazil primary budget deficit narrows more than expected in March

    The Brazilian government’s primary deficit narrowed more than expected in March, but in nominal terms rose as a share of gross domestic product over the year, the central bank said on Tuesday.

    The primary deficit, comprising the central government, regional governments and state-owned enterprises before interest payments are factored in, narrowed to 18.6 billion reais ($4.73 billion) in March from 25.1 billion reais in March last year.

  • Brazilian data protection authority should have directors with different profiles, senior official says

    The Brazilian government wants to ensure that the country’s data-protection authority will have directors with varying profiles and experiences, a senior official from the Ministry of Economy told MLex.

  • Brazil budget deficit narrows, but pension clouds loom large

    Brazil’s central government’s primary budget deficit narrowed in March thanks to aggressive cuts in discretionary spending, the Treasury said on Monday, although it warned that public finances were still at risk from pension commitments and weak revenues.