Day: June 16, 2020

Natura splits $ 800 mm for sustainability by 2030

Natura & Co will invest $ 800 million over the next ten years to implement a sustainability plan. The goals of this program include transforming the entire group into carbon neutral, expanding the use of natural and biodegradable compounds in the formula of products to over 95% and making 100% of its packaging materials reusable, recyclable or compostable.

S&P removes investment grade from Embraer to BB

S&P cut Embraer’s rating from BBB- to BB +, with which the company lost the investment grade for that agency. Embraer is expected to experience a drop of around 50% in its commercial jet deliveries in 2020, which will lead to “significantly weaker” profitability and a “cash burn” of about $ 800 million because of the effects of covid-19.

Soy exports from Brazil increases by more than 50%

The daily average of Brazilian soy exports increased by 56% until the second week of June compared to the same month of 2019, to 702.1 thousand tons and, with this, the country already accumulates 6.32 million tons shipped in nine business days. Shipments have been driven by strong demand from China, the main destination also for other commodities in Brazil.

Income fell 31% in May, to $ 15.8 bn

Federal revenue fell 31.3% in real terms (IPCA) in May, compared to May 2019, according to a previous calculation by FGV. The official data for the collection of May will be released by the government after the 20th. FGV calculations indicate that the federal collection was R$ 79.337 billion ($ 15.8 bn) in May. Year-to-date, revenues are R$ 579.119 billion ($ 116 bn), a real drop of 11.6% compared to the first five months of 2019.