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

To: Glenn Petersen who wrote (2090)	5/28/2020 3:24:48 AM
From: elmatador	Respond to of 2508

Low oil prices? Covid? Brazil's state-owned oil company Petrobras priced $3.25 billion in bonds on Wednesday in a two-part deal that was five times oversubscribed, said a source involved in the transaction. latinfinance.com

To: Glenn Petersen who wrote (2090)	6/2/2020 4:23:57 AM
From: elmatador	Respond to of 2508

Brazil's May soybean exports jump 45% as China's robust demand persist Second-highest monthly soy volume exported China buys bulk of Brazil's May soybeans at 74% The real has lost over 40% of its value since January, boosting the price competitiveness of Brazil's soybeans. spglobal.com

To: Glenn Petersen who wrote (2090)	6/3/2020 9:04:47 AM
From: elmatador	Respond to of 2508

Currencies at 11-week high as stimulus, upbeat data fuel recovery hopes * China services sector returns to growth * South Korean shares gain on fresh stimulus * Russian services PMI picks up from April’s record low * Weak lira bad sign for Turkey inflation - analyst By Susan Mathew June 3 (Reuters) - Emerging market currencies touched 11-week highs and stocks gained for a fourth straight session on Wednesday as investors bet on a strong economic recovery while keeping a close eye on Sino-U.S. relations and protests in the United States. Asian shares rallied after data showed China’s services sector returned to growth last month for the first time since January as the economy recovers from the impact of strict coronavirus-induced containment measures. The Shanghai composite index hit a near three-month high before closing flat, while South Korean shares rose almost 3% after the government unveiled a 35.3 trillion won ($29.01 billion) supplementary budget to help the economy ride out the pandemic-induced slump. Bolstered by gains in Turkey, Russia and South Africa, MSCI’s index of emerging market shares rose 1.3%, while its currency counterpart firmed 0.2%. Indonesia’s rupiah hovered at a 12-week high, supported by an extended rally in bonds. But the Chinese yuan traded flat, with investors cautious about escalating Sino-U.S. friction. “This is a ‘come what may’ bet; that the (global) economy will re-open without major setbacks, leading to a sustained revival of economic growth,” Mizuho Bank analysts wrote in a note. The EM stocks benchmark index has risen almost 30% and currencies have firmed about 3% from March lows, with latest data pointing to a tentative pickup in business activity as several more countries reopen their economies. Data on Wednesday showed euro zone PMIs improved in May, and while the Russian services sector shrank again last month, it picked up from a record low in April. The rouble tracked oil prices higher, but Turkey’s lira traded flat after consumer price inflation climbed more than expected in May. “All inflation drivers (expect a weak lira) are acting in the downward direction right now,” said Commerzbank analyst Tatha Ghose. “If inflation still returns to double-digit level because of spikes in the USD-TRY exchange rate, then we have a bad starting point for the coming recovery.” For GRAPHIC on emerging market FX performance in 2020, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2020, see tmsnrt.rs/2OusNdX For TOP NEWS across emerging markets For CENTRAL EUROPE market report, see For TURKISH market report, see For RUSSIAN market report, see (Reporting by Susan Mathew in Bengaluru; Editing by Subhranshu Sahu)

To: Glenn Petersen who wrote (2090)	7/8/2020 2:38:27 AM
From: elmatador	Respond to of 2508

Brazil's President Jair Bolsonaro has tested positive for the Little Flu. Will spend a few days carrying his work via video conference. Takes Hydroxychloroquine Return to work. Approval goes up. Life goes on.

To: Glenn Petersen who wrote (2090)	9/23/2020 3:14:05 PM
From: elmatador	Respond to of 2508

The presidents of Brazil and Mexico have benefited from emphasising the economy ahead of health ft.com

To: Glenn Petersen who wrote (2090)	10/2/2020 6:44:38 AM
From: elmatador	1 Recommendation Recommended By Glenn Petersen Respond to of 2508

New Covid-19 Cases Started to Decline in Hard-Hit Latin America Experts credit ‘bubbles’ of immunity, face-mask wearing for decrease in daily deaths and infections across most of region By Samantha Pearson and Luciana Magalhaes Oct. 2, 2020 5:30 am ET SÃO PAULO—The Covid-19 pandemic has ravaged Latin America, killing more than 300,000 people, erasing years of social and economic gains and plunging millions back into poverty. But from Mexico to Brazil, a recent slowdown in new cases and fatalities is raising cautious hopes that the hard-hit region might be turning a corner. While the U.S. has struggled with an increase in new Covid-19 cases over the past two weeks: Brazil has seen a reduction of more than 40% since July. Brazil’s daily death toll, though still one of the world’s highest at more than 700 people, has also fallen almost 40% over the same period. Mexico has reported fewer than 600 deaths a day for the past six weeks, down from 800 at a June peak. New cases in the region’s third most populous country, Colombia, have fallen about 40% since August, while the daily number of fatalities has halved. “Across the region we’ve seen a high level of deaths and cases since the end of May but these numbers are now slowly starting to fall,” said Eliseu Waldman, an epidemiologist at the University of São Paulo. wsj.com

To: Glenn Petersen who wrote (2090)	10/2/2020 6:51:34 AM
From: elmatador	Respond to of 2508

Brazil runs record trade surplus Imports slowed down faster than exports in September in Brazil, yielding a record-high trade surplus. Exports exceeded imports by USD 6.164 billion, the strongest result for the month since record-keeping began in 1989. Year-to-date through September saw a USD 42.445 billion trade surplus, the second highest number for the period. The highest surplus ever through September was seen in 2017, at USD 53.258 billion. Exports through September came out to USD 156.780 billion, down 7% year-over-year in daily average numbers. Imports amounted to USD 114.336 billion, down 14%. The primary driver of the September surplus was weaker imports by the process and extraction industries. On the export side, process industry sales also went down. On the other hand, extraction industry and agriculture sales picked up. https://menafn.com/1100891765/Brazil-runs-record-trade-surplus

To: Glenn Petersen who wrote (2090)	10/2/2020 6:52:48 AM
From: elmatador	Respond to of 2508

Brazil manufacturing PMI hits record high 64.9 in September -IHS Markit Manufacturing expanded at a record pace in Sept Brazilian manufacturing expanded at a record pace in September, a survey of purchasing managers' activity showed on Thursday, extending a recovery from the worst of the COVID-19 crisis as employment growth hit a decade high and export orders rose for the first time in a year. IHS Markit's headline Brazil manufacturing purchasing managers index (PMI) rose to 64.9 in September from 64.7 in August, the highest level since the index was first compiled in February 2006. nasdaq.com

To: Glenn Petersen who wrote (2090)	10/4/2020 5:02:49 AM
From: elmatador	Respond to of 2508

Battery Metals Australia's Jervois Mining to buy Brazilian cobalt, nickel refineryThe battery metals focused miner will buy the Sao Miguel Paulista refinery in Sao Paulo from Companhia Brasileira de Aluminio for 125 million reais ($22.1 million), it said in a statement. ... The Brazilian refinery had a production capacity of 25,000 metric tonnes per annum (mtpa) of nickel and 2,000 mtpa of cobalt before it was placed on care and maintenance in 2016. thedriven.io

To: Glenn Petersen who wrote (2090)	10/6/2020 8:15:14 AM
From: elmatador	Respond to of 2508

The backing from the $60 billion US International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the production of the batteries that power electric cars and cell phones.US grabs stake in battery metals miner to fight Chinese control US grabs stake in battery metals miner to fight Chinese control https://www.mining.com/us-grabs-stake-in-battery-metals-miner-to-fight-chinese-control/ Brazilian Nickel is a nickel/cobalt project in Brazil, applying breakthrough heap-leach technology to treat laterite ores and produce nickel and cobalt products perfectly suited for the battery market https://www.techmet.ie/brazilian-nickel/ US grabs stake in battery metals miner to fight Chinese control Cecilia Jamasmie \| October 5, 2020 \| 3:49 am Battery Metals China Latin America USA Cobalt Lithium Nickel TechMet is funding the first commercial phase of a nickel-cobalt project in Brazil. (Image courtesy of Brazilian Nickel.) The US government is taking a $25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country’s reliance on supply chains dominated by China. The backing from the $60 billion US International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the production of the batteries that power electric cars and cell phones. TECHMET’S BRAZILIAN NICKEL PROJECT, IN THE NORTH-EASTERN STATE OF PIAUÍ, IS ESTIMATED TO HOLD AS MUCH AS 72 MILLION TONNES OF NICKEL AND COBALT. TechMet’s Brazilian Nickel project, in the north-eastern state of Piauí, is estimated to hold as much as 72 million tonnes of nickel and cobalt. “Investments in critical materials for advanced technology support development and advance US foreign policy,” Adam Boehler, chief executive officer of the government agency, said in a statement. The move follows last week’s executive order declaring a “state of emergency” in the US mining industry. The directive, which seeks pushing a local battery metals industry forward, also called for a report evaluating possible measures such as tariffs, quotas, or other trade restrictions targeting China and “other non-market foreign adversaries.” Washington has expressed concern that China’s control of rare earths supply could be used as a tactic against US companies that depend on those elements. Breaking China’s holdChina produces roughly two thirds of the world’s lithium-ion batteries and has taken steps to secure critical metals for them, particularly in Africa and Latin America. The US is trying to fight back, with the Pentagon promising to fund domestic mining of the essential materials, while also investing in projects abroad. Washington has also created the DFC to provide an alternative to Chinese overseas finance in Asia, Africa and Latin America. The backing to TechMet marks the first time the US government has invested directly in a metals and mining company, the company’s chief executive, Brian Menell, said. TechMet was founded in 2017 by South African mining veteran Brian Menell, a former executive at Anglovaal and De Beers. The company has a tin and tungsten mine in Rwanda, a rare earths mine in Burundi, and a lithium-ion battery project in Canada. It also produces vanadium, a crucial metal for manufacturing nuclear reactors and military aircraft. The US is not alone in its quest to reduce reliance on foreign producers. In September, the European Union stepped up its efforts to become less dependent on imported raw materials, including rare earths and, for the first time, lithium.

To: Glenn Petersen who wrote (2090)	11/5/2020 11:21:42 AM
From: elmatador	1 Recommendation Recommended By Glenn Petersen Read Replies (1) \| Respond to of 2508

EMERGING MARKETS-Stocks climb and rouble slips as Biden inches towards presidency By Ambar Warrick 3 MIN READ * MSCI EM stocks index at highest since May 2018 * Hungarian forint leads gains across CEE FX * China’s yuan at 28-month high Nov 5 (Reuters) - Russia’s rouble suffered on Thursday while China’s yuan and emerging market stocks scaled multi-year highs as Joe Biden moved closer to victory in a tight U.S. election race. Democrats are unlikely to win the Senate, however, and markets were trying to assess the implications of a potential U.S. policy gridlock. Developing markets that might suffer from a Biden win nursed some losses. Russia’s rouble slipped as much as 1.5% before paring back some losses to trade 0.2% lower against a softer dollar, with a fall in oil prices adding to the pressure. “A potential Biden victory will prevent the rouble from benefiting from overall market sentiment,” said Piotr Matys, emerging markets FX strategist at Rabobank. “This risk of the U.S. imposing sanctions on Russia will continue to weigh.” ADVERTISEMENT However, Russia’s rouble firmed on the Moscow Exchange which was closed for a public holiday on Wednesday. Many other developing currencies enjoyed healthy gains. Mexico’s peso - a weather vane for U.S. trade relations - strengthened more than 1%. China’s yuan hit a 28-month high as the growing prospects of a Biden presidency raised hopes of a less tense U.S.-China trade relationship. “Trump looks more hawkish on China and if he got another four years, his tough anti-China activities will intensify,” Hao Zhou, senior economist at Commerzbank wrote in a note. “While Biden is also likely to take a hard approach on China, the new administration might need some time to frame the new policy, which might give China some room to breathe.” South Africa’s rand rose 0.3% against the dollar while Hungary’s forint led gains across central European currencies with a 0.7% jump against the euro. Many emerging market hard-currency bonds joined the rally. Mexico’s longer-dated sovereign dollar bonds jumped more than 5 cents in the dollar to multi-month highs, with bonds in other developing economies adding to Wednesday’s gains. The Czech crown edged up against the euro ahead of a central bank meeting later in the day, where interest rates are likely to remain unchanged. ADVERTISEMENT Emerging market stocks raced to their highest level since May 2018, with bourses in China, Russia and South Africa rising between 1% and 3%. The MSCI’s index of emerging market stocks was set for its best day since July. For GRAPHIC on emerging market FX performance in 2020, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2020, see tmsnrt.rs/2OusNdX For TOP NEWS across emerging markets For CENTRAL EUROPE market report, see For TURKISH market report, see For RUSSIAN market report, see (Reporting by Ambar Warrick in Bengaluru; Editing by Karin Strohecker and David Clarke)

To: Glenn Petersen who wrote (2090)	11/6/2020 2:29:28 AM
From: elmatador	Respond to of 2508

We will have a reversion to pre 2013 conditions. ANY printed money will end up in Brazil, Mexico and Indonesia. The effects of the measures taken post 2013 will be reverted and that will benefit the Emerging Markets. Here is what happened from 2013 onwards: Taper Tantrum, FED toying with higher interest rates, the lower corporate taxes that repatriated US$ back to the US all that drew capital from EMs. Any time in the past that this big inflow of capital into the developed countries happened, it created excesses in the developed cpuntries. Remember the late 1980s? Yuppies with yellow ties. BMW the Ultimate machine? Ok, you saw Gordon Gecko, Wall Street, don't you? That happened. and was financed, on the back of the debt crisis that took a gigantic amount of capital from EMs to developed countries Fast forward to 1997-98 Asian Meltdown. That excess of capital repatriated created the Tech Bubble, which was much bigger than anything we have witnessed before. Any time the excesses overwhelm the developed countries, capital returns to EMs. From the exit of the Gold Standard by Nixon, to Clinton's Washington Consensus, capital always returned to EMs completing the cycle.

To: Glenn Petersen who wrote (2090)	12/1/2020 9:20:56 AM
From: elmatador	Respond to of 2508

Brazil manufacturing PMI hits record high 66.7 in October

To: Glenn Petersen who wrote (2090)	1/2/2021 10:39:59 PM
From: elmatador	1 Recommendation Recommended By Glenn Petersen Respond to of 2508

And according to The Banker the central banker of the year 2020 is?

To: Glenn Petersen who wrote (2090)	2/2/2021 3:00:03 AM
From: elmatador	Respond to of 2508

Bolsonaro-backed candidates claim top posts in Brazil’s Congress Congressman Arthur Lira, an ally of Brazilian President Jair Bolsonaro, was elected speaker of the lower house of Congress for two years on Monday... Lira is expected to help the government push through its economic reform agenda aimed at reducing a budget deficit that has soared during the coronavirus pandemic.