Schlagzeilen der internationalen Ausgabe des VALOR ECONÔMICO vom 8.2.2017

POLITICS

Congress puts pressure for more generous tax-settlement program

Lawmakers filed hundreds of suggestions to alter the government’s provisional measure for tax debts

BUSINESS

BNDES pushes Triunfo to pay off debt

Development bank seeks payment from infrastructure group in single installment of bridge loans totaling R$979 million; company may shed assets

ECONOMY

Infrastructure concessions will gain forex hedging tool

Airport concessionaires can use mechanism to soften sudden fluctuations in exchange rates, facilitating borrowing abroad for projects in Brazil

ECONOMY

Attorney General and banks oppose immediate loans to Rio

State wants to get new loans with Treasury guarantee before passing measures of fiscal austerity in its legislative

BUSINESS

Tax Appeals Council upholds ruling questioned by Operation Zelotes

CARF considered there were not sufficient evidences to nullify a decision favorable to owner of brewery Petrópolis

COMMENTARY

Cristiano Romero

This time is different

Central Bank president says that, despite temporary retreat, confidence in economic recovery is coming back

Antonio Delfim Netto

Temer's mission: to hit the ground running

Economy starts showing signs it is reaching turning point but manufacturing industry still needs better conditions to resume growth

Angela Bittencourt

Cards on the table: Temer tries a fresh start 

Strengthened in Congress with confirmation of new Chamber and Senate speakers, president will advocate agenda for economic growth

MORE NEWS

• BUSINESS

  Azul revives IPO plans

  Third largest airline in the country had R$126.3m loss last year and already canceled similar plans twice; super-preferred shares still planned
• ECONOMY

  Brazil to launch WTO complaint against Canada this week

  Object is subsidy to aircraft maker Bombardier in the development of new regional jet that competes with Embraer
• AGRIBUSINESS

  Northern Arc ports increase share of soy and corn exports

  Conab study shows participation of the region’s terminals in total volume will rise to 24% this year
• AGRIBUSINESS

  Farm machine sales rebound, triggering calls for more financing

  Overall sales fell 4.4% in volume terms last year but started rising in the second half and were up a whopping 74.9% in January year-on-year
• POLITICS

  Temer nominates minister of Justice to Supreme Court

  
  If Alexandre de Moraes is confirmed by the Senate, he will be the reviewer of Car Wash cases taken to the court’s plenary
• POLITICS

  Familiar with political world, Moraes is antithesis of Zavascki

  Supreme Court nominee and current Justice Minister had a career marked by desire of holding a position of significant clout
• BUSINESS

  Partners expected to review Braskem’s shareholders agreement

  
  Petrobras and Odebrecht have already agreed to talk and negotiation may involve naphtha contract
• ECONOMY

  Non-profits that monitor government spending expand their reach

  
  Network of social observatories expects to be in 150 cities by the middle of the year
• BUSINESS

  GuiaBolso wants to consolidate credit offers

  
  Company, developer of a financial-planning app, intends to make deals with banks, consumer credit companies and other fintechs
• MARKETS

  New security to fund mortgages will take time to gain traction

  
  LIG, the proposed Brazilian version of covered bonds, needs first to overcome high interest rates and competition from other instruments
• ECONOMY

  Carmakers brush aside Argentine protection to auto parts industry

  Macri administration’s policy divides auto industry in Brazil, with parts makers calling for government position against it
• ECONOMY

  Repatriation helps states cut budget deficit by 23%

  
  Fiscal reports portray a financial situation that is not exactly the real one, since improvement came from non-recurring revenue
• POLITICS

  Federal task force may investigate BNDES loans

  
  Team of prosecutors from Rio could probe allegations of corruption, influence peddling and money laundering involving construction firms
• BUSINESS

  Petrobras wants at least R$5.7bn back for corruption losses

  
  Disagreement with Braskem over settlement in US is first action in oil company’s effort to avoid being charged for kickback losses
• ECONOMY

  Transport Ministry scraps proposal to extend ports leases

  
  Currently there are 39 pre-1993 contracts that have not been auctioned and whose deadlines are past due
• ECONOMY

  Confidence grows but real economy still signals weakness

  Businesses and economists do not expect December's strong increase in industrial output to repeat in January
• BUSINESS

  EDF begins new phase in Brazil with renewable energy

  
  French group resumes planning for Brazil and already budgeted R$2.5bn for investments
• BUSINESS

  Petrobras accuses Braskem of hiding data on agreement with US Justice

  State-run oil company says that losses with naphtha sales totaled $1bn between 2008 and 2009
• POLITICS

  Chamber re-election signals Temer has enough support for reforms

  
  Victory of lower-house speaker Rodrigo Maia shows the government has room to negotiate unpopular changes to Social Security and labor contracts
• POLITICS

  Choice of Fachin shields Car Wash from pressures at Supreme Court

  
  Justice picked in drawing to handle cases related to the corruption scheme is seen as someone who doesn’t hesitate to give his opinion
• POLITICS

  Maia to push reforms but be more independent from government

  
  Re-elected Chamber of Deputies speaker will have more power not to back down because of government pressure, say his allies
• ECONOMY

  Government at odds over local-content policy for oil industry

  
  Officials agree that rules need changes but are split on the degree of liberalization; issue could be decided next week
• BUSINESS

  Vale could increase dividends in 2018

  Mining company is expected to generate $5bn in cash this year if iron ore stays at $60 per tonne, but will focus on paying debt in the short term
• AGRIBUSINESS

  Weather reduces productivity, but farmers still get record crop

  
  In big producing regions of Paraná and Mato Grosso do Sul, problems caused by lack of rains will not produce financial losses
• BUSINESS

  Air taxis could give a boost to regional aviation

  
  Regulator expected to allow smaller aviation companies more sway in setting routes
• ECONOMY

  Inflation forecasts start falling below target

  Growing number but not the majority expects prices to fall below 4.5% as collapsing demand and unemployment continue taking a toll
• BUSINESS

  Avianca plans to merge units and sell stake to United

  
  Brazilian and Colombian arms, controlled by the Efromovich brothers, would be combined while US airline would buy shares in parent group Synergy
• ECONOMY

  Brasília eyes trade deals with Japan and Korea

  Effort first will include surveying opportunities but also potential challenges and could be part of Mercosur proposal, officials say