Award Winners
Latin America Winners: A Need For Speed
Coverage of Latin Americaregionalwinners ofGlobal Financemagazine's 2017 awards for Best Treasury & Cash Management.
Brazil
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News
New Mayor Sells Off São Paulo
New mayor of São Paolo João Doria, a businessman, plans to sell the racing circuit of Interlagos and the operation of Pacaembu soccer stadium.
Capital Raising & Corporate Finance
Brazil: New Entities Take On Credit Analysis
With alternative lending on the rise, Brazil seeks to establish new and reliable sources of financial information.
Capital Raising & Corporate Finance
Parente To Lead Petrobras In Fire Sale
<strong>Brazil | </strong>Pedro Parente, who was appointed CEO of state-controlled oil producer Petrobras on May 19, brings both corporate and government experience to the new role.
News
Political Mayhem Adds To Olympic Woes
<strong>Brazil </strong>| Despite the optimistic expectations in 2009, when Rio de Janeiro was chosen to host the 2016 Summer Olympic Games, the competition in August is not likely to show Brazil in the best light.
News
Brazil’s Finance Minister Faces Storm
<strong>Brazil</strong><br />
Well known for his caution, Brazil Finance Minister Henrique Meirelles is well aware of the enormity of his nation’s fiscal hole. Brazil is likely to report a primary deficit of $36 billion this year, instead of the $6.8 billion surplus previously forecast.
Emerging & Frontier Markets
Agribusiness To The Rescue for Brazil
<strong>Milestones | Brazil</strong><br />
In this time of recession, Brazil’s economy is becoming more agribusiness-oriented. The sector generated 23% of Brazilian GDP last year, after 21.4% in 2014, and accounted for 46.3% of total exports.
News
Zika A Public Health, Not An Economic, Crisis
Economists don’t anticipate a major economic impact from the mosquito-born Zika virus—so far, at least—although it’s certainly a kick in the shins for struggling Brazil and an overhang for tourism in Latin America.
Economics, Policy & Regulation
Steady Interest Rates Help Brazil’s New Finance Minister
<strong>Brazil: </strong>The Banco Central do Brasil gave new Finance minister Nelson Barbosa a bit of help on January 20, when it decided to hold the short-term interest rate, the Selic, to 14.25%.
Capital Raising & Corporate Finance
Brazil Reeling After Another Junk Rating
The axe fell on Brazil heading into 2016 as it suffered a downgrade to junk status by Fitch Ratings, heightening the air of crisis as the beleaguered nation grapples with political turmoil and recession.
Capital Raising & Corporate Finance
The Brazilian Lion’s Next Tax Bite
Trends | Taxation
Brazil is well known in the global business sector for its tax complexity, heavy tax burden (around 35% of GDP) and high use of technology for tax collection. Not for nothing do Brazilians call their tax authority—Receita Federal do Brasil—“the Lion.”
Data
Percentage of Public Deficit/Surplus in GDP Around the World
Government deficit or surplus is the difference between government receipts (mainly tax revenue) and government spending (i.e. salaries of government employees, social benefits, interest on the public debt) in a single year.