99% of deforestation in Brazil in 2019 was done illegally

According to data from Mapbiomas, 99% of the deforestations that happened in 2019 in Brazil were done illegally, which placed the country in the first place of deforestation in the world. According to the report, Brazil lost 12,000 km2 of native vegetation in 2019, which means that deforestation in the country is advancing 1.5 km2 per hour.

Telefónica distributes $173 mm in interest on equity

Telefônica’s board of directors approved the distribution of R$900 million ($173 million) in interest on capital, equivalent to R$0.49 per common share and R$0.42 per preferred share. In net terms, discounting income tax, the amount is R$765 million ($147 million). The amount will be imputed to the mandatory minimum dividend of 2020.

Copom could cut Selic by 0.75 p.p. on Wednesday

Fragile economic data, show that investors should be very attentive to the content of the statement of the decision of the Copom on 17th June 2020. Despite not changing the scenario for this decision, the idea is to observe whether the monetary authority will leave the door open or closed for a further reduction in the basic interest rate. If the reduction of 0.75 p.p. is confirmed, the Selic rate will fall to 2.25% per year.

Caixa releases $567 mm to SME’s

Caixa Econômica Federal starts offering loans to micro and small companies through the National Support Program for Micro and Small Enterprises (Pronampe). The bank will have a budget of R$3 billion to operate the credit.

Itaú extended $8.1 bn and granted $1.9 bn in new credit

Itaú Unibanco has granted R$43 billion ($8.1 bn) in debt extension and R$10.2 billion ($1.9 bn) in new credit to individuals and micro, small and medium-sized companies since April, when it launched a program to overcome the coronavirus crisis. In the individual segment, R$30.5 billion ($5.7 bn) in contracts were extended and R$5.6 billion ($1.1 bn) in new resources were granted to 1.8 million customers.

Gas distributors ask government support of $566 mm

Expectations of record retraction in demand for natural gas in Brazil in 2020 and countless default by energy consumers, amid impacts of the coronavirus pandemic, led industry representatives to ask the government for a package of R$3 billion ($566 mm) in financial aid to the sector

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.