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ECONOMY

Government defines first projects to hand over to private sector

Package of concessions expected to be auctioned this year includes four airports, one highway and a passenger port terminal

MARKETS

Ilan Goldfajn indicates he may adopt adjusted inflation target

New central banker also said there may be interventions “with parsimony” in the currency market

ECONOMY

Change in simplified tax regime likely to increase fiscal burden

Government may lose R$1.8bn in tax receipts with expected approval of bill that alters brackets for special regime for small businesses

MARKETS

Central Bank board blends market and academia

The new team of BC president Ilan Goldfajn is seen as potentially rescuing the credibility of interest rate and foreign exchange decisions

BUSINESS

With Ale, Ipiranga surpasses BR in ethanol sales

Ultrapar’s fuel distributor now is ahead of Raízen and gets closer to BR in the gasoline market

COMMENTARY

Antonio Delfim Netto

Coordinated fiscal and monetary policies

Since both budgets must always be satisfied, monetary and fiscal policies cannot act independently

Raymundo Costa

Economy running under congressional logic

Temer builds makeshift parliamentarism that tries to neutralize but still co-opt the rebellious Chamber of Deputies

Angela Bittencourt

Governability yet to be tested

Clear division of responsibilities of Temer team gives an edge to interim government, as Ilan Goldfajn takes inflation-fighting mission

MORE NEWS

• BUSINESS

  Oi board is divided about how to deal with R$52bn debt

  Some directors are favorable to a bankruptcy filing, hoping to avoid excessive dilution of current shareholders
• MARKETS

  Long-term optimism spurs bets on PIPEs

  
  Asset managers are seeking investors for private investments in public equity, expecting slow economic recovery
• ECONOMY

  Businesses see crisis ending, but want more signs before investing

  Manufacturers say that exchange rate and new government help, but call for more credit and fear other political risks
• ECONOMY

  Government spending poised to set new record this year

  
  Decree shows that government is projecting 2.3% real growth in its total expenditures
• BUSINESS

  Atacadão already accounts for 80% of Carrefour's profit in Brazil

  
  Cash-and-carry operation challenges recession to become the country's largest chain of stores in revenue
• BUSINESS

  Portuguese investors balk at Oi debt swap

  
  Deal would convert R$25bn out of R$52bn debt into 90% stake but investors linked to the failed deal with Portugal Telecom fear dilution
• AGRIBUSINESS

  Entrepreneurs seek to cause disruption in agribusiness

  
  Brazilian startups attract investors by focusing on methods to improve farming activity
• POLITICS

  Rousseff's referendum plan raises yellow flag

  
  Suspended president signals support on call for new elections while Michel Temer speeds up talks to ensure his permanence in power
• POLITICS

  Pension funds of state companies resist management changes

  
  Government supports bill that aims to block political influence by altering composition of the funds’ deliberative bodies
• BUSINESS

  Steel industry sees market pressure continuing

  
  Executives bet on exports as potential solution and believe in domestic market, but ask for protection measures against imports
• BUSINESS

  Private-equity firms inclined to support Kroton-Estácio merger

  
  Group of institutional investors tends not to demand a high premium for education company Estácio, since most firms are invested in the rival
• ECONOMY

  Mercosur-EU trade negotiations reach bargaining stage

  After exchanging offers, Mercosur wants bigger quotas while EU safeguards denomination or origin in exchange for opening more markets
• BUSINESS

  Terms of offer to debt holders divide Gol executives

  Airline once again postponed deadline for securities investors to accept an exchange for new secured notes
• AGRIBUSINESS

  Perfect storm spikes price of staple foods

  Unfavorable weather, speculation, bigger exports or even import limitations are pushing rice and bean prices to record highs
• BUSINESS

  Banks embrace new digital marketing tools

  
  Google’s Customer Match service is being used by the top private-sector banks to better direct their product offers
• MARKETS

  String of gains leads real to higher level since July

  Strengthening of the Brazilian currency follows international weakening of the dollar and signs of shift in Central Bank position
• ECONOMY

  May inflation shows Central Bank faces herculean task ahead

  
  Core indices range from 8.3% to 8.8% in the past 12 months, well above target ceiling of 6.5%
• MARKETS

  Petrobras owes R$92bn to federal banks

  
  Limits to bank exposure to the oil company were lifted by current Finance Minister Henrique Meirelles when he was central banker
• POLITICS

  Support for Temer government still weak

  CNT/MDA poll shows that voters have adopted wait-and-see approach for interim government; meanwhile, Lula and Aécio Neves lose popularity
• BUSINESS

  Petrobras may raise up to $6.3bn with thermal plants and LNG terminals

  While still varying significantly due to different parameters and lack of data, estimates foresee at least $1.9bn coming from the sale
• AGRIBUSINESS

  Poultry and pork producers want to stimulate corn growing

  
  Santa Catarina state proposes closer cooperation between farmers and processors to avoid repeat of this year’s scarcity
• BUSINESS

  Aspen Pharmacare aims for inorganic growth in Brazil

  
  South African drug giant is following strategy of purchasing OTC products or with expired patents and is negotiating two deals in the country