Day: February 24, 2020

Costa Rica, Uruguay and Brazil lead Latin American sustainability ranking

Costa Rica, Uruguay and Brazil, lead the Latin American sustainability ranking prepared by América Economía Intelligence considering seven dimensions: greenhouse gas emissions, energy matrix, biodiversity and forest management, agricultural pollution, water resources management, air quality in urban areas and environmental taxes. Bolivia, Peru and Paraguay are at the end of the list of eleven countries studied.

Carrefour to keep capex below $70mn in Makro conversion to Atacadão

Carrefour Brasil SA expects to keep capital expenditure to convert 30 stores acquired from smaller rival Makro into its Atacadão wholesale format below R$300 million ($68.41 million). After local antitrust regulator Cade approves the recent acquisition, it should take three to six months to reopen each store as Atacadão, Roberto Müssnich, who leads Carrefour Brazil’s wholesale unit said.

Brazil presents employment plan for 1.8 million young people

Brazil presented on Sunday to the financial G20 meeting in Riyadh its ‘Programa Verde Amarelo’ (Yellow Green Program) with which the Jair Bolsonaro government seeks to generate 1.8 million jobs in three years for young people aged 18 to 24. This represents a 2% increase in the employed population and a projected reduction of more than 30% in labour costs for companies, said the Secretary of International Economic Affairs, Erivaldo Gomes, replacing the Minister of Economy, Paulo Guedes, who did not attend the meeting in Saudi Arabia.

Brazil has the potential to lead green finance, UBS

The president of the Swiss bank UBS in Brazil, Sylvia Coutinho, estimates that Brazil “has the largest environmental assets on the planet” and conditions to assume a global role in “green finance.” Capital is looking for these environmental assets, as warned at the World Economic Forum in Davos, and I think the government took note of this message, so we must learn to monetise our environmental assets, she said.

U.S. lifts ban on Brazil beef imports after more than two years

The U.S. has reopened its doors to fresh beef from Brazil after a more than two-year ban, in a significant win for President Jair Bolsonaro ahead of a scheduled meeting with Donald Trump in March. Brazil can now begin shipping raw meat from cattle slaughtered from Feb. 21, according to a letter sent by the Food Safety and Inspection Service to the Brazilian minister. The U.S. suspended imports in 2017 after finding meat containing blood clots and lymph nodes. In 2016, sales of fresh Brazilian beef to the United States totalled $284 million.