Category: Business

Information regarding the business sector

Brazilian startups create model in which sponsors fund donations from individuals to NGOs

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A new business model created by Brazilian startups allows people to donate money to social causes without spending a cent. This is possible thanks to partnerships between these companies and sponsors. The application converts the money generated with digital ads into donations for four NGOs, with a focus on access to clean water, food, medicines and basic health. Through the App, the user receives news with a positive content and when accumulating this fictitious money, the user can choose which of the four NGOs he wishes to donate.

Air transport loses space in Brazilian exports and imports

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The share of the airline sector in shipments and purchases of more expensive goods from other countries has fallen in recent years. A study by the National Industry Confederation (CNI) shows that the percentage of goods transported by planes fell from 18-7% in 2000 to 11.1% in 2018. It is a reflection of the increase in exports of basic products, such as agricultural products, which are exported mainly by sea, but also of the decrease in the sale of industrial goods.

Climate Change could reduce coffee production in Brazil by 60%

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A new study indicates that climate change could devastate coffee production in Brazil. The study’s models show that Brazil’s southeastern mountain areas of Matas de Minas Gerais, as well as Montanhas, do Espírito Santo, will be a lot warmer and drier in 2050. This will mean a 60% reduction in the area that is prime for coffee production. These areas produce over 20% of Brazil’s Arabiga coffee and this could severely impact thousands of livelihoods in a negative way.

Vale preparing for potential fuel leak from damaged ore carrier

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Brazilian mining company Vale SA has begun preparations for a potential fuel leak from the damaged iron ore carrier MV Stellar Banner, which is stranded off the Brazilian northern coast with 4,000 tones of fuel aboard. Vale said in a statement it requested Petrobras appropriate ships to deal with the possible leak and has arranged for the dispatch of oceanic buoys to the area. The MV Stellar Banner, owned by South Korea’s Polaris, had only started its trip to China carrying iron ore when it was stranded.

Brazil to allow for automatic approval of new agrochemicals

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Brazil’s Agriculture Ministry will allow for agrochemicals awaiting regulatory approval to receive licenses automatically, potentially allowing new pesticides to reach market faster, according to new rules published in the government gazette with effect on April 1. If the ministry fails to review applications for new chemicals to be licensed within 60 days, the products will automatically be approved, although they will still need to receive separate approvals by the Health and Environment Ministries before going on the market.

Marcopolo net profit falls 2% in Q4 to R$68.5 million

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Net profit of bus manufacturer Marcopolo fell 2% in the fourth quarter compared to the same period in 2018, to R$68.5 million ($ 15.3mn). In the year, the net profit of the Brazilian bus manufacturer was R$201.4 million, an increase of 8% compared to 2018. Although the Brazilian bus production increased 9.5% last year, to 25,469 units, that of Marcopolo decreased 4.2%. Domestic market demand grew 20.8% compared to 2018, offsetting the 14.6% drop in exports.

Bovespa tumbles 7% as coronavirus fear grips stocks, oil markets

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Stocks and oil prices resumed their fall on Wednesday due to increasing concern over coronavirus spread. On Wall Street, the emerging market stocks lost 1.25%. Brazil’s Bovespa index tumbled 7%, catching up with the selloff after a long carnival holiday, and the same day a first case of coronavirus in the country was confirmed. Argentina’s S&P Merval fell 5.65%. U.S. crude fell 2.38% to $48.71 per barrel and Brent was last at $53.41, down 2.8% on the day.

Brazil confirms first coronavirus case in Latin America

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A Brazilian government test has confirmed the first case of coronavirus in Latin America, after a Sao Paulo hospital flagged the possible infection of a 61-year-old who had visited Lombardy, in northern Italy. The diagnosis comes during Brazil’s carnival holiday, a peak time for domestic travel when millions of revellers throng major cities for boisterous street celebrations. Sao Paulo stock market, which has been closed since last week, is set to open at 1 p.m. local time. Brazilian shares in exchange-traded funds in New York have dropped nearly 6% this week.