Brazilian Business Roundup - April 07

If you have a keen interest in Brazil’s business landscape, you’ve come to the right place! We’re here to curate the most relevant business developments in Brazil and Latin America just for you. In 5 minutes, we’ll give you an overview of Brazil and Latin America's most compelling business issues. Our goal is to provide you with insights that will help you make better business decisions. So let’s dive right in!

??Soybean planting area larger than expected. Brazil’s soybean planting area is 1.2 million hectares larger than projected by the National Supply Company ( CONAB - Companhia Nacional do Abastecimento ), according to a new estimate by Agroconsult . Read the details

??Are stock options salaries or business transactions? Brazil's second-highest judicial body will decide whether stock options should be interpreted as part of executives' salaries or as a parallel business transaction between them and the company. Read the details

??A Mexican invasion in S?o Paulo. Walk around S?o Paulo, Brazil’s biggest city, and it won’t be long before you run into an OXXO . The Mexican convenience store chain recently opened its 500th store in S?o Paulo, just over three years after it began operations in Brazil. ?Read more

??Solar power by subscription. Brazilian companies and startups are finding new ways to offer renewable energy to residential and commercial customers. Read the details

??More than double cattle production in Brazil. Marfrig Global Foods , the world’s second-largest beef producer, announced plans to invest up to BRL 2 billion (USD 395 million) in the acquisition of new cattle as it seeks to increase the proportion of cattle it raises, fattens, and slaughters itself. Read more

??Amazon power plants face imminent shutdown. Biofuel producer BBF is Latin America's biggest cultivator of palm oil, but financial chaos means it may have to close down power plants in Brazil's North, in areas that rely entirely on its energy. Read more

???Money under the mattress. ANBIMA , the association of companies in the financial market, presented the seventh edition of its survey on the investment behavior of Brazilians. It showed that more people in lower income brackets are investing — and that the typical Brazilian investor has more of a conservative profile. Read more

??Low-cost airlines drive international growth in Latin America. Bureaucracy, high taxes, and judicialization explain the still low number of connections by airlines in the region, especially with Brazil. Read more

Welcome to your Guide to Brazil! A rich collection of insights that delve into the vibrant tapestry of Brazilian society and business. From its cultural marvels to its intricate corporate dynamics, we offer a comprehensive exploration of this diverse nation— sometimes in collaboration with our esteemed partners. The objective is to provide you with a multifaceted perspective on all things Brazil. Plus: no paywall!

This week: The Brazilian Report partners with the Financial Times. Once more, The Brazilian Report will be one of the supporting partners of the Brazil Summit in New York, a conference hosted by the Financial Times . Read more

On May 15, 2024, the Financial Times will host its third annual Brazil Summit, which will examine the country’s business outlook and economic and political scenarios. Learn more

If you’ve got this far and you like what you see, you can either consider giving one of our month-for-a-dollar offers a try (all subscriptions are $1 for the first month). Check out our plans here

???? ??Brazil’s newest billionaires on Forbes list. Forbes magazine published its billionaires list — its largest ever. Of the 2,781 names on the list, 69 are Brazilians, ten more than last year. Read the details

??Itaipu budget frozen once again. The impasse between Brazil and Paraguay over tariffs for electricity produced by the Itaipu Dam — the massive hydroelectric complex shared by both countries — led to the binational company freezing its budget. Read more

??Dengue deaths top 1,000 mark in 2024. Brazil surpassed the mark of 1,000 deaths by dengue fever in 2024 this week, a number close to last year’s all-time record. Read the details

???Ipanema Beach named second best beach on the planet. Having cultivated iconic status throughout Rio de Janeiro's modern history, Ipanema Beach is one of the most celebrated strips of sand in all of Brazil — and renowned travel guide Lonely Planet agrees. Read more

???Federal government to intervene in S?o Paulo power crisis. Mines and Energy Minister announced that he would instruct Brazil’s federal energy regulator, Aneel, to open disciplinary proceedings against Enel, the Italian multinational in charge of power distribution in the state of S?o Paulo, after several blackouts affected the country’s most populated city. Read the details

??? On this week’s podcast …

Every Wednesday we bring you a new episode of the Explaining Brazil podcast — which was a finalist for the Digiday Media Awards for Best Podcast! You can find our podcast on all major podcast platforms! Subscribe today and never miss an episode.

Negotiations with the U.S. had led to hopes that Venezuela would hold clean elections in 2024. But Maduro stopping adversaries from competing has put that optimism to rest. Euan Marshall speaks with Ignacio Portes to get the latest. You can listen to the full episode here.

If you like our podcast, we would be happy to share with you how advertising on Explaining Brazil could leverage your business to the next level. Drop us an email at [email protected]

That wraps up this week’s edition. See you next Sunday evening! Subscribe to Brazilian Business News Roundup, your essential weekly recap to never miss a beat when it comes to understanding Brazil’s business environment.?

If you want to make sure you get all the updates, there’s an even better way. Discover the benefits of our subscriptions and stay ahead of the news. Remember, today you are only getting a snippet of our content, but we offer top-notch analyses on our website. Our plans start at just $1 for the first month.?

If you have any suggestions, feedback, or topics you’d like us to cover, feel free to reach out.?

Stay informed on a daily basis – Follow us on our LinkedIn page! Bringing you closer to the heartbeat of Brazil and Latin America! Follow The Brazilian Report's WhatsApp channel for a direct line to the latest news and stories.?

-

Founded in 2017, The Brazilian Report is an English-language media outlet uniquely positioned to provide an insider’s view of current affairs in Brazil and Latin America, with a mission to make Latin Americans’ voices heard and become the reference for Latin American news worldwide. An award-winning newsroom, The Brazilian Report has just received recognition for its portfolio of newsletters at this year’s Wan Ifra Awards.

Within 6 years of existence, The Brazilian Report has gained international recognition. It has become the go-to source for several embassies, think tanks, and international news outlets, including Time Magazine, CNBC, BBC Worldwide, Vox, Axios, Radio France, CGTN, among others.