Kaum positive Schlagzeilen in der internationalen Ausgabe von VALOR ECONÔMICO

ECONOMY

Finance minister asks country to be patient with adjustment

Joaquim Levy is worried about the risk that growing political uncertainties will paralyze companies and increase the fiscal adjustment's cost

BUSINESS

Cemig vows to continue fighting Brasília over plants

New CEO Mauro Borges says the case has not been exhausted and the company will continue negotiating to keep three hydroelectric dams

BUSINESS

Petrobras plans to shed mature fields and Braskem stake

State-owned oil company's divestment plan adopts comprehensive approach in effort to raise $58bn by 2018 and generate shareholder value

AGRIBUSINESS

Meatpackers shut down plants and cut capacity by 13%

A scarcity of cattle and weak domestic demand have led companies to halt operations of 44 facilities this year

BUSINESS

Retailers and card companies dispute cost of online frauds

State courts have ruled that merchant acquirers must foot the bill for approving purchases, in spite of what contracts state

COMMENTARY

Sergio Leo

The pains of the adjustment (and a good bye)

Exporters received the first worrying news about the National Export Plan: the export credit lines have not been restored so far

Claudia Safatle

A picnic at the mouth of the volcano

With the first half gone, the situation of the economy proved to be worse than thought in the beginning of Dilma Rousseff’s term

Ribamar Oliveira

Fiscal adjustment requires control of personnel expenditure

Approval of salary increase to judiciary branch servants violates precepts of the Constitution

MORE NEWS

• ECONOMY

  Construction firms may terminate contracts with transport agency

  
  With 40% smaller budget, DNIT is late on payments to contractors of several highway projects
• MARKETS

  Small caps promise to reward patient investors

  
  Having posted bad results for the past two years, these shares are now at a point in which they look cheap
• BUSINESS

  Motorcycle maker Shineray opens plant and replaces imports

  
  Chinese company, which obtains most of its Brazilian sales in Northeast region, plans expansion into other states
• MARKETS

  CVM aims to regulate crowdfunding by small companies

  
  There is a new wave of web platforms focused on raising funds for startups in exchange for fees over the funds invested and potential returns
• ECONOMY

  Six-month income losses already surpass 2003 crisis

  Combination of high inflation, layoffs and declining wages caused a very rapid downturn of unprecedented proportion on disposable income
• MARKETS

  UBS reveals scheme to manipulate the real

  
  Antitrust agency investigates 15 banks and 30 individuals who would have acted to influence foreign-exchange market
• BUSINESS

  Record number of bankruptcy filings in first half

  
  It's the highest volume since the Judicial Reorganization and Bankruptcy Law came into effect, in 2005, prompting law firms to hire more experts
• MARKETS

  Petros considers divestment in several companies to reduce risks

  Petrobras pension fund holds meeting Monday to review options; BRF and Itaúsa, the most significant stakes, are on the list
• BUSINESS

  Abílio Diniz: pessimism with Brazilian economy is excessive

  
  Businessman says two companies in which he holds stakes, BRF and Carrefour, are growing in the country
• BUSINESS

  Duratex puts off R$1.3bn wood panel project due to economic downturn

  Maker of wood panels, metal fittings and sanitary ware postpones investments at least until 2018; plant was slated to start operations in 2017
• AGRIBUSINESS

  Marfrig returns to its origins after cutting debt

  Meat processor resumes bet on beef production focused on large restaurant chains, a very similar profile to the period before its IPO, in 2007
• BUSINESS

  Petrobras may raise R$20bn selling half of BR Distribuidora

  IPO of fuel distribution arm is the first step taken to perform asset sale plan
• MARKETS

  New crop of private-equity funds invest in midsize companies

  
  Axxon raises $400m and aims to get stakes in medium-sized companies, which are facing difficulty to get funding
• ECONOMY

  Government will veto Judiciary pay raise

  
  Proposal would increase spending by R$25bn until 2019, undermining the ongoing fiscal adjustment effort
• BUSINESS

  Developers start to finance purchases directly

  Lending is aimed at boosting sales and reducing cancellations amid more restrictive bank credit, low consumer confidence and contracting demand
• BUSINESS

  Isolux hits the breaks amid troubled infrastructure framework

  
  Spanish contractor, in charge of works of subway line 4 in São Paulo and transmission lines, complains about bureaucratic barriers in Brazil
• ECONOMY

  Economic slowdown already affects once shielded manufacturing sectors

  Consumer semi-durable and non-durable goods production dropped almost 7% from January to April
• POLITICS

  One-digit approval rate reduces government’s room for maneuver

  Survey shows only 9% considering President Dilma Rousseff’s administration good or very good
• BUSINESS

  Sete Brasil may get $800m capital injection this year

  Company expects to raise $1.2bn in the next four years, but process will occur after other restructuring steps are taken
• MARKETS

  Financial sector continues dominating stock picks

  Carteira Valor of July has five of ten choices in the financial-services industry, which is showing earnings resilience
• ECONOMY

  Rousseff pushes forward climate-change targets

  Brazil announced Tuesday three important commitments that will add up to the country’s goals for a global agreement
• BUSINESS

  Market sees Petrobras divestment plan as “too ambitious”

  
  Analysts think company may face difficulties to sell $58bn in assets in a short period of time
• BUSINESS

  PDG Realty continues to downsize

  
  Developer needs to raise cash and cut its indebtedness level amid a contracting market
• BUSINESS

  Petrobras details $76.5bn cut in investments

  Projects postponed include the Premium I and II refineries and the Petrochemical Complex of the State of Rio de Janeiro (Comperj)
• BUSINESS

  Banks increase efforts to renegotiate overdue consumer debt

  
  Lengthening of time for repayment is main tool for lenders to avoid an increase in defaults amid tighter household budgets
• BUSINESS

  Banco Clássico amasses stake in Eneva, puzzling the market

  The bank’s 15.5% could be diluted after shareholders approve capital increase for the power company, formerly part of Eike Batista’s empire
• BUSINESS

  Niche publisher thrives on printed books for young readers

  
  Darkside specializes in horror and fantasy titles and forgoes digital versions as its customer base prefers collectable editions
• BUSINESS

  Sete Brasil and Petrobras to sign restructuring plan this week

  New business plan reduces to 19 from 29 the number of drilling rigs that will be assembled
• BUSINESS

  Carmakers close first half without recovery in sight

  Companies continue to halt production in attempt to reduce inventory; sales are already down 335,000 units from last year