Capital outflows from Brazilian asset markets and the real’s slide to new all-time lows against the U.S. dollar pose little threat to Brazil’s sovereign credit profile, ratings agency Moody’s said on Monday. Moody’s has a Ba2 rating on Brazil, with a stable outlook.
Fomenting biogas production among agricultural producers may seem at first glance to be a distraction from the purpose of Itaipu – the world’s second largest hydroelectric power plant shared by Brazil and Paraguay – but in fact it is part of their energy business strategy. The efficiency of Itaipu has been proven by the record amount of electricity generated: 103 million megawatts/hour in 2016, which exceeds the best performance of China’s Three Gorges power plant, whose installed capacity is 60.7 percent higher.
The heavy downpour that struck São Paulo from late afternoon on Sunday, February 9th, has caused destruction and chaos during the day. The storm caused rivers to overflow, dozens of floods, landslides and brought the city to a halt. The water level only began to lower in the early hours of Tuesday, February 11th
The number of lines at MVNOs in Brazil grew 128 percent per year, on average, in the last three years, reaching 1.2 million in 2019. M2M terminals accounted for 80 percent of the total. According to data published by Teleco, Brazil has 24 MVNOs, of which eight are authorized. Of note, Arquia (Datora), Safra and Surf Telecom are the largest, and also operating are America Net and Vecto.
The U.S. Department of Commerce reported its decision to remove Brazil from the list of developing countries, which may restrict trade benefits granted to nations in this category. Some practical consequences for Brazil may include the end of the unilateral exemption of export tariffs by the Generalized System of Preferences (GSP), the right to partial trade agreements with other developing countries, and part of the loans from the World Bank. Another 18 countries were also excluded, amongst them Argentina, Colombia, India and South Africa.
Brazil’s Petrobras hit a new production record in Q4 of ca. 2.4 million barrels of oil equivalent per day (boepd), which means an increase of 16.5% on average production of oil and liquefied natural gas (LNG) compared to the same period in 2018. Compared to the third quarter, there was a 5.7% increase. The improvement in performance was largely due to the ramp-up of platforms in the prolific pre-salt formation, says the company’s report.