Everything you need to know about Brazil investing
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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…
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Canadian McCain acquires 49% of Brazilian producer of cheese bread, Forno de Minas
McCain do Brasil Alimentos, a subsidiary of Canadian-based McCain, maker of pre-fried and frozen potatoes, has entered into an agreement to acquire a 49% stake in Forno de Minas Alimentos. The value of the acquisition was kept confidential by the parties. Helder Mendonça, president of Forno de Minas, said the negotiations lasted about ten months.…
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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…
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Walmart to divest from Brazil: looking for partner
After just over two decades in the Brazil, Walmart is negotiating the sale of part of its business in Brazil. The company has already started looking for a partner. But the model of the operation still depends on the proposals that are being presented to the retailer. At least four companies, including asset managers and…
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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…
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Lady Gaga wears Schultz, posts on Instagram and helps the brand in US expansion
A free endorsement from Lady Gaga is a great way to start a foray into the US market even though it seems that the retail landscape could turn into a kind of desert. The singer and fashion icon posted on Instagram on Saturday (9) photos of her posing in Dallas with a pair of Schutz…
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Economists reduce Brazil inflation forecast for 2017 and the next 12 months
Market economists reduced their estimate for inflation by the Broad Consumer Price Index (IPCA) in 2017 and in the next 12 months, according to the average forecast in the Focus Bulletin, released on Monday by the Central Bank (BC) . For this year, inflation bets were reduced from 3.03% to 2.88%, below the floor of…
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IPCA inflation index slows down in November, according to IBGE
Inflation measured by the National Extended Consumer Price Index (IPCA) slowed to 0.28% in November, from 0.42% in October, the Brazilian Institute of Geography and Statistics (IBGE) reported Friday. In the same month of 2016, the increase had been of 0.18%. Therefore, official accumulated inflation accelerated in 12 months: from 2.70% in October to 2.80%…
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