Loans to support energy companies will have a maximum of $ 2.8 bn

A structured operation in the government to support energy distributors through loans due to the impacts of the coronavirus on the sector will involve a ceiling value of R$ 15.6 billion ($ 2.8 billion), according to the National Electric Energy Agency (Aneel). According to the Ministry of Mines and Energy, the sector has had an accumulated default of 10.16% since March 18, against a monthly average of 2.4% in the first half of 2019.

Source: UOL Economia

China’s pork imports jump 170% in April

China, the main global pork consumer, imported a record 400,000 tonnes of pork in April, a jump of almost 170% year-on-year, customs data showed, with buyers taking advantage of low prices to stock the product. China imported 1.35 million tonnes of pork in the first four months of the year.

Source: G1

Magazine Luiza hold loss of $ 1.45 mm

Magazine Luiza’s e-commerce sales skyrocketed 72.6% in the first quarter of 2020, compared to a year earlier, but failed to overcome the negative effects of closing stores due to the coronavirus. The retailer, accustomed to accumulating profits on each balance sheet, presented an adjusted net loss of R$ 8 million ($ 1.45 million).

Source: Money Times