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IBGE revises GDP 2018 to higher high, from 1.3%
12/4/2019 -
The Brazilian economy grew more in 2018 than previously disclosed. On Tuesday (3), the Brazilian Institute of Geography and Statistics (IBGE) revised to 1.3% the growth of gross domestic product (GDP) last year. In February, when official data came out, the growth reported was 1.1% over the previous year.
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Bank John Deere raises R $ 300 million, with an eye on lower government subsidy
12/4/2019 -
Banco John Deere, focusing on the agricultural segment, raised R$ 300 million in financial letters, a traditional banking capture instrument, in its debut in the capital market. In addition to diversifying its sources of funding, the operation aims to strengthen credit lines in the financing of machinery and technologies, with an eye on market demand that will arise with the lowest subsidy to the agribusiness sector by the federal government. The issuance of Banco John Deere was coordinated by I
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United Nations prepares subsequent stock offer for this month
12/4/2019 -
Unidas, formerly Locamérica, is another company that prepares a subsequent offer (follow on) as early as 2019. The company has already begun hiring the banks to coordinate the offer. The Rental Company of the Americas (Locamerica) changed its name to United last year after the merger process agreed at the end of 2017. With the transaction, the largest vehicle rental group in Brazil was created, behind only Localiza. Wanted, United Nations did not comment.
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Retail projection shows more optimistic consumer this year-end
12/4/2019 -
The Brazilian consumer is more willing to spend this year-end than he was last year. According to projection by the Brazilian Institute of Retail Executives and Consumer Market (Ibevar), the index that projects the retail sales trend, including construction material and automobiles, for December rose 3.74 percentage points to 96.85 compared to the same month last year. By December 2018, the index had risen 1.59 percentage points compared to the same month in 2017 to 94.11.
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Engie and Inframerica sign contract to trade diesel for clean energy at Brasi...
12/4/2019 -
The generator Engie and the concessionaire Inframerica today formalize a partnership for the exchange of diesel for clean energy in the supply of electricity for the planes parked at Brasilia Airport. The agreement provides for the replacement of small diesel generators, which today supply aircraft with electricity, by a system that feeds them directly from the 22 fingers. In addition to the reduction in cost to airlines, the initiative promises to reduce carbon dioxide emissions from Brasilia A
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GPA E-commerces Double Sales on Date
12/5/2019 -
The GPA, which operates the e-commerces of Pão de Açúcar, Pão de Açúcar Adega and Clube Extra, more than doubled sales during Black Friday, compared to the same promotional date last year. Between Thursday and Friday (28 and 29) last week, the sites sold more than 3.1 million items, driven by the performance of the beer category, which grew 179% and sold more than 1.8 million units. In wines, the advance was 64%. Another major segment was disposable, such as toilet paper (growth of 100%) and dia
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Brazil's supermarket sales grow 5.78% in October, says Abras
12/5/2019 -
Supermarket sales in Brazil in October grew 5.78% compared to the same period in 2018 and 4.3% over September, the industry entity, Abras, reported wednesday (4), citing deflated data.
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Flow in malls on Black Friday shoots 14%
12/5/2019 -
The flow of people in shopping malls on Black Friday day soared 13.9% in 2019 compared to the same period last year, according to the Iflux index, which points to stronger retail expansion in the last quarter of the year. The indicator was developed by IBOPE Inteligência, from the information of Mais Fluxo and with the support of Tendências Consultoria.
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Business sector bets that government will close climate agreement
12/5/2019 -
The Brazilian Business Council for Sustainable Development (CEBDS), which represents 60 companies from large Brazilian business groups, is hugely expected that the government will flexibilize its position at the Climate Conference, which takes place until the day 13 in Madrid, around the cooperation mechanisms for the creation of a global carbon market. At the 2018 Conference in Poland, Brazil barred the negotiation. CEBDS has been articulating with the Ministry of Finance for the country to mov
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