Ambev will invest $400 mn in Brazil

Ambev announced that will invest more than R$2 billion ($400 million) in Brazil in the coming months. The funds will go to a malt area in the Southeast, a brewery in the North and a can factory. The company says that the new industrial units will help to release the growth of the premium portfolio, its main expansion line. In 2019 Ambev earned R$12.2 billion ($2.4 billion), an increase of 7.4% compared to 2018.

Source: Folha

Coronavirus reduce FDI in Brazil by up to 16%

The advancement of coronavirus around the world can bring down the flow of Foreign Direct Investment (FDI) by up to 15% in 2020. This average reduction was more profound in companies from developing countries like Brazil: – 16%. It is estimated that foreigners have already taken $ 44.7 billion from the São Paulo Stock Exchange this year alone.

Source: Correio Braziliense

Brazil signs military development agreement with US

Brazil and the United States signed an agreement in the military area to develop future projects. The Research, Development, Test and Evaluation Agreement (RDT & E) will cover the way for improving or providing new military capabilities. The Brazilian government hopes to facilitate its access to the North American defence market, as well as to enable the entry of Brazilian products in 28 other NATO countries.

Source: Jornal do Brasil