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Invest in Brazil News

  • Brazil growth forecasts tumble as key pension reform vote looms

    Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.

    The central bank’s weekly FOCUS survey of nearly 100 financial institutions showed the median forecast for 2019 growth fell sharply in the latest week to 1.71 percent from 1.95 percent a week before.

  • Latam FX weaker; Brazil stocks cut losses on pension progress

    Latin American currencies weakened in quiet trade on Monday, and most while most regional stock indexes tracked Wall Street lower, pension reform optimism helped Brazil stocks retrace earlier losses to end flat. Following a three-day holiday weekend, Mexico’s peso lost 0.3 percent, while the Colombian peso gave up narrow gains from earlier in the session amid surging oil prices. Analysts at Banco Base said in a note that market participants are expected to remain cautious as they await first-quarter U.S.

  • Brazil’s president does not think truckers have reason to strike - spokesman

    Brazil’s President Jair Bolsonaro believes there is no reason for the country’s truckers to go on strike, his spokesman said on Monday.

  • Center Paula Souza and IBM present educational model P-Tech

    Project, implemented in the first half of this year in Fatecs, a theoretical content with practical experiences

    The Paula Souza Center (CPS) and IBM brought together representatives from companies in the Information Technology sector, city halls and other institutions to present the P-Tech educational model.

  • Entrepreneurship In The Peripheries

    Project of the Secretariat of Economic Development offers courses such as fashion design, graphite, food styling and social media

    Expand opportunities with creative work and focus on autonomy. This is one of the goals of São Paulo Criativo, a program of the Secretariat of Economic Development, which has given a new chance, especially to young people.

  • Avianca Brasil cancels more than 1,300 flights - local media

    Avianca Brasil has canceled more than 1,300 flights, Brazilian media reported on Saturday, as the bankrupt airline was forced to reduce its fleet by more than two-thirds.

    The cancellations, for April 19-28, are nationwide, with airports in Brasilia, Guarulhos in Sao Paulo, and Galeao in Rio de Janeiro, the hardest hit, O Estado de Sao Paulo reported.

  • Secretariat of Justice reaches the first quarter of management with innovations

    Bodies linked to the portfolio also promoted a series of actions in the first quarter, such as expansion of services

  • NF Paulista releases R $ 38.5 million in loans to consumers

    Transfers to consumers, entities and condominiums can be made by the application of the program or by the internet

    Participants of the Nota Fiscal Paulista award can already receive their credits. The Government of São Paulo has released the amount of R $ 38,537,046.39 to consumers, philanthropic institutions and condominiums.

  • Brazil’s Bolsonaro voices ‘sympathy’ toward Petrobras privatization

    Brazilian President Jair Bolsonaro said on Thursday that he had “initial sympathy” toward the idea of privatizing state-run oil company Petroleo Brasileiro SA, a comment that gave the company’s shares a minor jolt.

  • Operation "Safer Highway" mobilizes 18,418 military police officers

    Action counts on 8,479 vehicles, distributed in 2,627 police stations, 263 of which are road blocks in São Paulo

    The ninth edition of Operation "Safer Highway" began at midnight this Thursday (18), with the commitment of 18,418 military police, together with Federal Highway Police. The operation, which fights crime intensely, has no time to end.

  • Toyota to sell first hybrid car made in Brazil

     Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world.

    Brazil, which is South America’s largest auto producer, has largely resisted the shift toward electric and hybrid vehicle production that has swept through more developed markets.

  • Petrobras hikes diesel price, eyes divestments amid investor unease

     Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.

  • Reeducandos de Avare do maintenance work in public agencies

    Institutions such as Apae and Fire Department were attended; action enables domestic labor market

    With the goal of inserting inmates in society and occupying their day, the Avaré Center of Re-socialization (CR) has adopted voluntary services to charities and public agencies in the city provided by reeducators.

  • Latam stocks rise tracking global equities; FX weakens

    Latin American stocks rose on Tuesday in line with world stocks as positive data from China and Germany boosted investor sentiment, while currencies in the region slid against a firm dollar. MSCI’s index of Latin American stocks rose 0.8 percent after three-straight sessions of losses with shares in Brazil leading gains. Volumes remained subdued on account of a shortened trading week for the Easter holidays.

  • Brazil government pledges to keep hand off Petrobras

    Petroleo Brasileiro SA’s market-based diesel pricing policy remains unchanged and Brazil’s president has no intention of meddling in Petrobras’ internal affairs, high-ranking government officials said on Tuesday.

  • Brazil government pledges to keep hand off Petrobras

    Petroleo Brasileiro SA’s market-based diesel pricing policy remains unchanged and Brazil’s president has no intention of meddling in Petrobras’ internal affairs, high-ranking government officials said on Tuesday.

  • Watch out! Products for wrong age range can cause health damage

    First thing to be taken into consideration is security; in the stamp of Inmetro, there is indication of the ideal age for the young consumers

  • Government announces State Council of Culture and Creative Economy

    Members of the body will be responsible for evaluating programs and establishing guidelines for the cultural policy of the State of São Paulo

  • Operation São Paulo More Insurance will have 18,600 military police

    Eighth edition of the action will count on PM teams distributed in 2,301 points throughout the State of São Paulo

    On Monday (15), the Military Police unleashed the São Paulo Safer Operation throughout the State of São Paulo, starting at 5 o'clock in the morning.

  • Unemployment to Skyrocket in Brazil if Retirement Reform Is Approved

    The performance of the Brazilian economy will be terrible, with an average of 450,000 new unemployed people every year, if the Retirement Reform defended by President Jair Bolsonaro is approved, a renowned expert warned recently.

     

  • Brazil central bank says it supports free market pricing

    Brazil’s central bank chief on Friday refused to wade into a controversy over government meddling in pricing at Brazilian state oil giant Petrobras, but said he favored free market pricing and limited government interference in general.

  • Brazil’s Beef Eaters Morph Into Organic Vegetarians

    Farming is big in Brazil. The country’s beef, coffee, sugar and soybean exports are world beaters. If not for the haul from the countryside, Brazil’s worst recession on record, lasting 11 quarters from April 2014 to December 2016, would surely have been deeper still.

  • Technology jobs market heats up in Brazil

    Heads of digital transformation and digital lab managers will be highly sought after in the coming months, according to a new study.

    Despite the political and economic instability seen in Brazil in recent years the local technology jobs market is booming, according to a new study by recruitment firm Hays.

  • Anxiety Grows Among Brazil Businessmen Over Delayed Economic Rebound

    Brazilian businessmen that began the year with high hopes the economy would finally rebound amid optimism with President Jair Bolsonaro’s administration are growing increasingly impatient at just how slow things are going.