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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (2020)	10/30/2019 5:55:33 AM
From: elmatador	Respond to of 2504

I keep an eye on commerce Brazil's Cyrela Commercial Properties raises $190 millionCyrela priced its offering of 40 million new shares at 19 reais per share, above its 18 reais closing price on Monday in Sao Paulo stock exchange. Nestlé Brazil opens own-brand supermarket: 'The Empório model is innovative for Nestlé globally'17-Jul-2019 By Niamh Michail Nestlé Brazil has launched an own-brand supermarket, Empório, at its new headquarters to give consumers a brand experience with tastings, new products and home delivery options. foodnavigator-latam.com Real Estate Transactions are up by 5.97 Percent in the State of São Paulo riotimesonline.com

To: THE ANT who wrote (2020)	11/1/2019 1:20:04 AM
From: elmatador	1 Recommendation Recommended By Arran Yuan Read Replies (1) \| Respond to of 2504

Global investment drops 20%; Brazil is the fourth largest destination USA, China, France, Brazil and India were the main destinations of these investments. In the US, however, flow fell $57 billion to $151 billion, while rising slightly in China, according to Valor Econômico labs.ebanx.com

To: THE ANT who wrote (2020)	11/9/2019 2:51:42 AM
From: elmatador	Respond to of 2504

Lula is out of jail? Don't worry about him. His moment passed. It was already finished in 2010. He wants to continue in evidence and made President Dilma. Big mistake. Lula dubious success hung on the Chinese Decade. The Chinese Decade created the Commodities Supercycle Prices soared. US Dollars influx heated economy tax collection increased and Lula enjoyed his moment of "Father of the Poor". That moment is long gone. Now Bolsonaro and Guedes are fixing the errors that Dilma's one and half terms caused. Brazilian votes with their pockets. The economy is growing again and public accounts are improving. By 2022, Lula's PT [party will be, finally, buried

To: THE ANT who wrote (2020)	11/20/2019 12:09:20 PM
From: elmatador	Respond to of 2504

Why SoftBank Is Investing in Brazil, and Why Nobody There Seems to Care About WeWork SoftBank has made plenty of headlines lately, but for all the wrong reasons ( like the downfall of WeWork, its once-darling investment in the United States). In other regions, though, the Japanese investment firm is managing to quietly dole out its mega-bucks—minus the intense level of scrutiny that follows its fund or other investments. The growing middle class and fast adoption of new technologies has made Latin America—and in particular countries like Brazil and Mexico—a prime target for SoftBank. The firm has already made bets on 10 different startups in the region, according to André Maciel, managing partner of the SoftBank Innovation Fund. The exec spoke at this week’s Fortune Global Forum in Paris, where he talked about the various reasons why this region is so attractive to SoftBank. (In total, SoftBank is committing $5 billion in investments in Latin America.) “We have 650 million people,” Maciel said on Tuesday during an on-stage interview at the Fortune conference, “and they’re a very, very strong adopter of technology.” According to Maciel, Brazil is the No. 2 country for Netflix when it comes to subscriber numbers— that's still a distant second to North America, the streaming service's biggest market. Facebook and ride-sharing app Uber also have huge penetration in Brazil, said Maciel. To date, SoftBank’s investments in Brazil include startups in the food delivery and real estate space. Those aren't exactly new categories, but Maciel told the audience at this week's conference that that hardly matters. "[Latin American] companies can look at ideas that have been developed in China and the U.S., and they can mirror them," said Maciel. In other words, the local market is so large and so robust that just investing in more localized versions of existing services presents a big opportunity for SoftBank. Maciel also addressed some of the recent controversies surrounding SoftBank's $100 billion Vision Fund, the largest venture capital fund in history—and the investment vehicle responsible for putting massive rounds in companies like Uber and, yes, WeWork. The exec said that the negative attention about SoftBank's investment track record has not impacted his work in Latin America. "It's part of the constellation," said Maciel, referring to the sheer size of SoftBank's funds and portfolio of investments. This story has been updated to correct the name of the speaker.

To: THE ANT who wrote (2020)	11/25/2019 12:34:19 PM
From: elmatador	Read Replies (1) \| Respond to of 2504

“Lula is not really a game changer,” says Richard Hall, an emerging markets sovereign-debt analyst at T. Rowe Price. “There’s a durable base in parliament that wants to see reform.” Brazil’s Bad News May Be a Buying Opportunity for Investors By Craig Mellow Updated Nov. 15, 2019 6:00 am ET / Original Nov. 15, 2019 4:05 am ET Brazilian markets recently got two pieces of bad news almost at once. A supreme court decision freed leftist ex-President Luiz Inácio Lula da Silva from prison while he appeals his corruption conviction, and an offshore oil auction billed as record-breaking fizzled. The iShares MSCI Brazil exchange-traded fund (ticker: EWZ) is down 6% since this sequence started on Nov. 6. That could spell a buying opportunity, investors say. “We like Brazil a lot,” says James Donald, head of emerging markets at Lazard Asset Management. “I can’t quite think why other people are holding back their enthusiasm.” The 74-year-old Lula remains a charismatic presence. But successor Jair Bolsonaro and his economy minister, Paulo Guedes, have glued together a coalition for market-oriented reform, Brazil watchers say. Guedes shepherded a long-anticipated pension overhaul through a parliament divided into some 30 parties. He recently followed that up with a half-dozen bills aimed at reining in state and local-government spending. Brazil has raised $20 billion from privatizations this year and is aiming for $100 billion more, including stakes in state-controlled oil giant Petrobras (PBR), utility Eletrobras (EBR) and Banco do Brasil (BDORY). “Lula is not really a game changer,” says Richard Hall, an emerging markets sovereign-debt analyst at T. Rowe Price. “There’s a durable base in parliament that wants to see reform.” Crude oil is Brazil’s No. 3 export after soybeans and iron ore. But economic destiny for the nation of 212 million is largely in its own hands. Domestic indicators are flashing green, particularly prime interest rates that have plunged to 5% from 14% since mid-2016 as inflation dropped by half. Easier money is beginning to feed through into credit-sensitive sectors like real estate and auto sales, says Richard Thies, an emerging markets portfolio manager at Driehaus Capital Management. “We do see better performance on the consumer side,” he says. Not that Brazil is exactly booming yet. Business investment remains stagnant, curtailing gross-domestic-product growth to less than 1% this year. “You can see some green shoots if you squint enough,” T. Rowe’s Hall quips. Sinking interest rates also have their downside for global investors. They reduce the attraction of Brazilian bonds, which weighs on the currency and the dollar value of stocks. The real has slid 20% over the past two years. Stocks have risen 16% anyway since Bolsonaro won first-round presidential voting last October, crushing a 4% gain for global emerging markets. Thies wonders how much further they can go. “We’ve gone from very bullish to lukewarm on Brazil,” he says. “The trends that supported the market are getting a little long in the tooth.” Lazard’s Donald is more optimistic, seeing upside as the green economic shoots blossom. “There’s a real chance that we’re on the cusp of five-year growth in Brazil,” he says. Where investors agree is on Brazil’s incongruous emergence as a beacon of stability in a region gripped by unrest. Bolsonaro’s incendiary tweeting is living up to his “Trump of the tropics” reputation. But he seems content to leave economic policy in the steady hands of Guedes and parliamentary speaker Rodrigo Maia. Bolsonaro also doesn’t face re-election for another three years. “Brazilian bonds have become a defensive holding in a very turbulent time,” Hall says. “It’s hard to see another bout of volatility, at least for a year or so.”