Easy Brazil Investing

Category: Politics

  • Ibovespa rises 4.57% with record volume

    São Paulo – Confirmation of the strengthening of the right wing in Congress and the run-off of the second round of the presidential elections gave the Ibovespa a boost to recover lost levels with the truckers’ strike. With such a large volume that reached an all time record . The Ibovespa ended with a 4.57%…

  • Brazil is out of Trump’s steel surcharges, says US trade representative

    US President Donald Trump has decided to “suspend” the steel surcharge for some countries that are in negotiations with Washington. Brazil, Argentina, Australia, Europe, plus Canada and Mexico, are on this list, according to US Trade Representative, Robert Lighthizer. He appeared before the Senate Finance Committee on Thursday and was questioned by Democratic Senator Ron…

  • Fitch downgrades Brazilian sovereign rating to BB-

    Credit rating agency Fitch today downgraded Brazil’s sovereign rating to “BB-” from “BB”, and changed the outlook from negative to stable. According to the agency, the cut reflects the persistence of the large fiscal deficit, a high and growing government indebtedness and the failure of legislative reforms that could improve the structural performance of public…

  • Government is now evaluating changes to the pension plan without touching the constitution

    After giving up on the Social Security reform – amid federal intervention in the security area of ​​the State of Rio de Janeiro, a measure that prevents changes in the Constitution while it is in force – ministers of the economic area now study changes in pensions that do not depend on constitutional amendments, said…

  • S&P Downgrades Brazilian Credit Rating to BB-

    Standard & Poor’s (S&P) downgraded Brazil’s sovereign credit rating from “BB” to “BB-” on Thursday. The rating was already in Junk territory, but it is now three steps below investment grade. On the other hand, the perspective for the rating has changed from negative to stable. The downgrade was already expected by the market due…

  • Brazilian CVM Vetoes Acquisition of Bitcoins by Local Investment Funds

    The Brazilian Securities and Exchange Commission (CVM) has decided to not allow local investment funds to directly acquire bitcoins and other criptocurrencies by . On the other hand, the commission does not yet have a conclusion on investments in the modality through funds abroad, in places where the operation is already allowed. The orientation from…

  • Brazilian stocks and Real fall amid difficulty in approving pension plan reform

    Brazilian financial market reacts negatively again to the noise surrounding the pension reform. According to professionals, this morning’s news brought more negative elements about the possibilities of the government being able to approve the reform, which was reflected in the dollar, interest rate hikes and in the fall of the Ibovespa stock index at the…

  • Petrobras to raise up to US$ 2.3 Billion in IPO of it’s distribution subsidiary

    BR Distribuidora, distribution arm of Petrobras (PBR), started yesterday the process that should be the largest IPO since 2013 in Brazil. With the sale of a maximum of 33.75% of its stake in BR, the parent company Petrobras may raise up to R$ 7.5 billion (US$ 2.3 Bi), an important figure for its divestment plan.…

  • Fitch keeps the Brazilian credit rating at BB, with negative outlook

    Fitch Ratings reinforced Brazil’s credit rating on ‘BB’, with a negative outlook. That is, with the possibility of the classification being revised downwards in the future.According to the agency, the country’s ratings is limited by the structural weaknesses in public finances and high government debt, weak growth prospects and weaker governance indicators than the country’s…

  • Funding of Brazilian companies with debt and equity jumps to R$ 192 billion (US$ 60 bi)

    The wind begins to shift to the capital market in the wake of falling interest rates to near historic lows and the contraction of bank credit after two years of deep recession. Since last year, the favorable environment has opened space and consolidates a trend of strong growth for corporate debt issues, along with capital…

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