The rating agency Fitch kept the outlook on Brazil’s public debt negative. The decision comes six months after the agency worsened the outlook for the country’s rating. The negative outlook means that the agency may lower the country’s rating in the coming months or years. Currently, Fitch awards a BB- rating for Brazil, three levels below investment grade.
Source: Portal do Bitcoin
Economy Minister Paulo Guedes said the New Development Bank (NBD), better known as Banco dos Brics, will inject $3 bn into the country. In the next two, three months we have $3 bn for investments to help the coronavirus, for investments in infrastructure,” Guedes said.
The EDP group has signed a partnership with the Graal network to install eight recharge points for electric vehicles in the State of São Paulo. The “electropoints” operation will start in the first months of 2021. The aim of the two companies is to take the lead in a market that is set to soar in the coming years, with the advance of electric cars in Brazil.
Source: Isto É
Brazil registers an unprecedented increase in domestic demand for sugar, and the strong domestic consumption of the world’s largest producer of the commodity aggravates the global deficit scenario. Mills in the Center-South region, which accounts for 90% of the country’s sugar production, sold 10% more of the commodity to the domestic market, according to Unica.
Source: Money Times
The expansion of the electricity sector until mid-November totalled 3,934.81 MW released by the National Electrical Energy Agency. According to the agency, in November there were five new wind farms, which together totalled 155.4 MW in installed capacity, divided into two farms, one in Bahia and the other in Piauí.
Source: Canal Energia