Amid Trump selloff, Brazil turnaround story outshines Mexico

U.S. President-elect Donald Trump's surprise victory could be a blessing in disguise for Brazil as the country's agenda of fiscal reform and low reliance on trade lure investors away from more vulnerable Mexican markets. Emerging...
Magdalena Andersson

A Reverse-Trump Tax Plan Delivers an Economic Miracle in Sweden

High taxes, strong unions and an equal distribution of wealth. That’s the recipe for success in a globalized world, according to Magdalena Andersson, the Social Democratic economist who’s also Sweden’s finance minister. The 50-year-old has been...
Brazil Reports 14.6% Jump In February Oil Output YoY

Brazil Reports 14.6% Jump In February Oil Output YoY

Brazilian oil output in February was 14.6 percent higher year-over-year, according to the latest data released by ANP, the South American country’s petroleum regulator. February production touched 2.676 million barrels per day, an ANP statement...

Brazil intent on expanding beef markets in Asia

Brazil took over from Australia as the largest exporter of beef to China in 2016, offering a cheaper protein, and has strong interest in South Korea and re-opening trade with Japan. Japan suspended Brazilian beef...
Windmill in Brazil

BNDES Approves $164 Million in Loans for Wind Farms in Brazil

Brazil’s development bank approved 422.3 million reais ($164.4 million) in loans for two wind farms in the northeast region.

Source: www.bloomberg.com

Opportunity for wind power companies in Brazil

Brazil's President Dilma Rousseff reacts during a meeting with leaders of the Social Democratic Party (PSD) at the Planalto Palace in Brasilia

Brazil’s Rousseff says to tackle inflation, cut spending: papers

SAO PAULO (Reuters) - Newly re-elected Brazilian President Dilma Rousseff said her government will step up the fight against high inflation and strengthen public accounts with budget cuts, local media...

Source: www.reuters.com

Arab Gulf States to expand economic ties with commodity-rich Latin America

Arab Gulf states are taking steps to expand economic ties with Latin America, a major exporter of food and commodities, but a dearth of free trade agreements between the two regions and onerous bureaucratic...
Solar panels by Solar Energy do Brasil

Over 1 Million Homes to Produce Own Energy by 2024 in Brazil

According to estimates from Brazil’s National Electric Energy Agency (ANEEL), by 2024, some 1.2 million Brazilian households are expected to adopt the new distributed energy generation system. This system allows consumers to cut costs...

Brazil passes Anti-Bribery Bill: key aspects for companies | Lexology

Brazil has passed a new Anti-Bribery Bill, which imposes civil and administrative liability on companies found to have engaged in corrupt practices while transacting business in Brazil or with Brazilian entities. The law will go into effect early in 2014. Companies should be aware of the Bill, and in particular, some of the following aspects of the Bill:

The law applies to bribery of Brazilian officials and foreign public officials. As a result, it applies not only to Brazilian companies doing business with foreign entities, but also to non-Brazilian companies, with a subsidiary, branch, office, or representative in Brazil. Companies can be liable for the acts of their officers, directors, employees, or agents through respondent superior, and in certain circumstances, may be strictly liable for their agents’ actions. The law provides a credit against sanctions for companies that have instituted compliance programs. Cooperation and self-reporting are also rewarded through reductions in the sanctions available against companies. It is expected that the Brazilian government will produce more detailed guidelines on the key components of compliance programs, and the exact meaning of ‘cooperation’ in the near future. Fines available under the law can reach as high as twenty percent of the company’s gross revenue from the year prior. If that amount cannot be calculated, fines can reach up to R$60 million (approximately US$26 million). Sanctions may also include suspension of the company’s activities and even dissolution of the legal entity. …

Source: www.lexology.com

Vale do Rio Doce

Vale of Brazil Sells Coal Stake to Mitsui & Co. for About $950 Million

The sale of a stake in Vale’s African coal operations to the Japanese trading company comes after commodity prices, both for coal and for Vale’s metals export, have fallen sharply.

Source: dealbook.nytimes.com

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