A research conducted by Made-USP showed that increasing taxation on the richest to transfer income to the poorest can help the Brazilian economy recover. The calculation is simple: a social protection policy financed by taxing the richest 1% in Brazil can ensure a transfer of R$125 ($23) per month to 30% of the poorest and generate a positive impact of 2.4% on GDP.
Source: Capitalist
Day: February 17, 2021
Fitch reaffirms BB- rating on Petrobras
Fitch has reaffirmed Petrobras’ BB- rating, with a negative outlook. The agency said in a statement that it maintained its assessment on the company’s stand-alone credit profile (intrinsic risk, or SCP) at bbb, reflecting the company’s capital structure and debt reduction.
Source: Valor Investe
Merger invests $37 mn in labour benefits startup
Swile and Vee Benefícios, the country’s first flexible benefits HR tech, have announced a merger that will invest more than R$200 million ($37 mn) in the benefits market by 2022. After an immersion in the last year, the French company saw Brazil as the epicentre of its global expansion, since the sector moves today, more than R$150 billion ($28 bn) per year and Vee as the company’s top priority for the coming years.
Source: Veja
Beef has increase of over 35% in 2020
The price of beef rose 35.22% between January 2020 and last February, according to research conducted by the University of São Paulo (USP). According to the study, prices were pulled by two reasons: increase in producer spending on feed and high in exports.
Source: G1 Economia
Family indebtedness hits new record high at 51%
According to data from the Central Bank (BC), bank debts reached 51% of accumulated household income in the previous 12 months. The previous record had been recorded in the month of October 2020, with 49.81% of earnings. The historical series began in January 2015. Included in the account are all debts with banks, including those for home financing. In January 2019 – that is, before the pandemic -, this indicator was 45.19%.
Source: Infomoney
