Day: October 13, 2020

Green Fund discusses fiscal problem and poverty in Brazil

The monthly letters from the Green fund are watched carefully by the market. Although the fund managed by Luis Stuhlberger and his team has exceptional track records, it is performing poorly this turbulent year as much of the funds offered in Brazil. In September, the Verde FIC FIM had a loss of 1.22%, which accumulated losses of 1.47% for the year.

Source: Valor Investe

Program selects innovative projects in energy efficiency

Five projects from all over the country were approved for technological and business acceleration by the Lab Procel Program, created by Eletrobras and Firjan Senai. Each project will receive the investment of R$ 800 thousand ($145 K) to develop works related to the digitalisation of the Procel Seal and of devices and computer systems for remote and real time management of energy consumption. 

Source: Money Times

Brazil’s soybean plantation reaches 3.4%, biggest delay in 10 years

Brazilian 20/21 soybean plantation reached 3.4% of the estimated area with the slowest work in the last ten years amid a scenario of little rainfall and high temperatures in productive regions, informed the consultancy AgRural. In the same period of last crop, the planting percentage reached 11.1%. It is the lowest rate for this time of year since the 2010/11 crop.

Source: UOL Economia

Children’s Day in Brazil boosts online sales, OLX shows

This year’s Children’s Day has warmed up Brazilian e-commerce. According to OLX Brazil, sales of children’s articles on the platform rose 46% compared to the same period last year. Besides being a traditional commemorative date for the retail, the Children’s Day showed that the dissemination of the pandemic has accelerated the migration movement to e-commerce.

Source: Money Times