Wirtschaftsnachrichten aus der englischen Ausgabe von VALOR ECONÔMICO

MARKETS

Payment of fines and taxes prevails in repatriation program 

Large taxpayers avoid bringing all the money held abroad, while investments below $3m are coming back 

BUSINESS

PDG Realty on the verge of bankruptcy filing 

Creditor banks are not releasing additional funds to projects under construction and contract cancellations 

BUSINESS

Viracopos operator seeks revised concession terms

Concessionaire wants R$450m break from original contracts as passenger demand at São Paulo airport is 45% lower than initial projections

ECONOMY

Most mayors elected this year face difficult budget outlook

The 26 capitals of the country accumulated R$12.4 billion in leftover spending at the end of 2015 or 59.8% of funding available during the period

ECONOMY

Federal investments still declining

Treasury data show spending falling to 0.5% of GDP in the year to August from 0.9% in 2015

COMMENTARY

Angela Bittencourt

Government builds financial pillars of 2017

A rare combination this month: Selic cut, better Petrobras, end of the election cycle and the capital repatriation bill, and the spending cap

Claudia Safatle

Government confident GDP will react by year’s end

There’s an expectation that growth in the 4th quarter will be greater than zero

Ribamar Oliveira

Government forecasts decline in equilibrium rate 

The improved forecast, however, will depend on approval of budget and social security reforms in Congress

MORE NEWS

• BUSINESS

  Shopping centers negotiate sale of stake to funds

  Sá Cavalcante and Almeida Junior — two of the largest family-owned companies in the shopping center sector – are seeking partners
• MARKETS

  Copom minutes could reveal differences over services inflation

  This is one of the most important points that prompted different bets among financial market analysts 
• ECONOMY

  Services inflation weighs on monetary policy

  After decelerating significantly, prices in this group have remained at the 7% level since June
• POLITICS

  It's either ethics or chaos, says chief justice

  
  New president of the Federal Supreme Court, Cármen Lúcia, says new ways are needed to respond to society's expectations
• BUSINESS

  Auto industry faces ghost of idleness

  
  Automakers will need a decade of economic growth to return to sales levels of 2013
• BUSINESS

  Cosan and Shell negotiate definitive partnership in Raízen

  Net revenue of joint venture leaped to R$74bn from R$40bn between 2011 and 2014
• ECONOMY

  Proposed retirement age near life expectancy in some cities 

  Average longevity in 19 cities of the Northeast is practically the same as the minimum age of retirement of 65 years being proposed 
• AGRIBUSINESS

  Olam lays groundwork for Brazilian comeback

  Singapore’s commodities trading firm reinforces executive team and focuses on cocoa and coffee in Bahia
• BUSINESS

  Recovery is postponed and balance sheets will remain weak in Q3

  
  Specialists expect the quarter to present a transition in the direction of an economic upswing
• ECONOMY

  Public workers face higher pension contributions

  Social Security reform proposal seeks to unify rules for public and private-sector workers
• POLITICS

  Cunha arrest brings corruption probe closer to PMDB

  
  Disgraced former house speaker probably has enough ammunition to hurt the Temer faction, but not necessarily to bring down the government 
• AGRIBUSINESS

  Lactalis lays out ambitious plans for Brazil

  
  French Dairy multinational commits to investing R$100m in Rio Grande do Sul after R$2bn acquisition spree that turned it into a Brazilian giant
• ECONOMY

  Temer close to wrestling back R$100bn from BNDES

  Federal Court of Accounts will rule on legality of Treasury taking back part of the R$500bn invested into the Development Bank
• AGRIBUSINESS

  Soybean moratorium could expand to Matopiba

  Environment Minister and NGOs discuss including Brazil's Cerrado biome into the landmark pact that helped lower Amazon deforestation
• BUSINESS

  Brazil poised to become world’ second largest pulp producer 

  
  With new plants, Brazilian annual capacity will jump to 20.9m tonnes from 17.4m in 2015 
• ECONOMY

  Japan Prime Minister sees investment opportunities in Brazil 

  Shinzo Abe and President Temer sign memorandum of cooperation to develop joint projects in Brazilian infrastructure 
• BUSINESS

  Termomecânica branches out to aluminum segment

  
  The copper goods manufacturer is betting on the high added value of new products
• AGRIBUSINESS

  Legislation sets out to protect farm defense funding 

  States seek a steady flow of budget money to invest in sanitary programs that have been hurt by budget contingencies and scarce funding
• BUSINESS

  Brazilian company opens ATM plant in India 

  Perto Periféricos is investing up to $60m eyeing strong demand in next two decades in Asia 
• BUSINESS

  Banks clash with developers, threatening property lending

  Lenders challenge law forcing developers to separate assets in crisis moments for concluding projects; credit may dwindle without such protection
• AGRIBUSINESS

  For JBS CEO, the worst is over for Brazilian economy 

  
  In Paris, the head of meat giant Wesley Batista said he already sees signs of recovery, albeit timid ones, and praises Temer measures 
• BUSINESS

  Ericsson slims down in Brazil as telcos cut investments

  
  Latin American president of Swedish giant blames underperformance on spending cutback by companies despite exploding demand for mobile data
• BUSINESS

  Generics makers challenge extended patents 

  
  Companies complain that such pharmaceuticals, which render R$4bn in sales annually in Brazil, hold to patents thanks to bureaucratic delays
• BUSINESS

  Federal Revenue ends Sicobe beverage control in December

  Industries fear that the agency will begin to monitor production only with controversial new program Block K
• BUSINESS

  Telefônica sees opportunity in digital advertising, data applications

  CEO Amos Genish says company has no interest in acquisition of competitors’ assets and looks ahead to investment in 4G, 5G operations 
• MARKETS

  Quantitative funds challenged by uncertain scenario 

  Mathematic models work better with very clear market trends 
• BUSINESS

  BR increases investment plan by 22% through 2021 

  
  Fuel distributor, whose control is being sold by Petrobras, estimates R$2.5bn in disbursements to regain market share