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  • Companies Show Reluctance in Adopting New Labor Laws

    While judges and prosecutors have started to take a stand against the new labor laws, many companies have shown reluctance when it comes to adopting the new measures enabled by the reform.

    Published on 10/20/2017 - 11h25

  • In Return for Votes, President Temer Promises Not to Privatize Congonhas Airport

    President Michel Temer promised former congressman Valdemar Costa Neto that he would remove Congonhas airport in São Paulo from his package of privatizations in return for his party's support in the upcoming vote in Congress on whether or not to accept charges brought forward by the Prosecutor General's Office.

    Published on 10/20/2017 - 10h59

  • Changes to Slave Labor Definitions Could Impact Exporters

    The changes surrounding the definition of and procedures relative to slave labor in Brazil could negatively impact exportations to the European Union (EU), according to representatives of the economic block and the export sector in Brazil.

    Published on 10/19/2017 - 10h50

  • Brazilian Investors Exude Complacency Amid Political Woes

    When Jair Messias Bolsonaro, Brazil's far-right politician, returned from a controversial grand tour of the US last week, he posted a huge "Thank you, USA!" graphic on his Facebook page.

    Published on 10/18/2017 - 12h49

  • BNDES Unduly Paid 20% More for JBS Shares, Says Federal Accounting Court

    An audit of the Federal Accounting Court concluded that Brazil's national development bank, BNDES, unduly paid 20% more for JBS shares in an operation to support the purchase of the National Beef Packing and the meatpacking division of Smithfield Foods, both in the United States.

    Published on 10/18/2017 - 11h37

  • Government Creates New Rules That Make It Difficult to Access Slave Labor "Dirty List"

    An ordinance published by the Labor Ministry on Monday (the 16th) creates new rules that make it more difficult to access the "dirty list" of employers who have been caught flagrantly with slave laborers.

    Published on 10/17/2017 - 10h14

  • Brazilians Taste the First Fruits of Recovery

    Like any other day at Ceagesp, São Paulo's bustling central market, Manuel da Silva Filho is busy inspecting the 30,000 tonnes of oranges, papayas and mangoes he receives before dispatching them to grocery stores across the megapolis.

    Published on 10/13/2017 - 11h48

  • Petrobras Faces Lawsuits to Sell Assets

    More than 40% of the amount negotiated by Petrobras in its assets sale process ends up in deadlocks with courts or competition defense issues. However, despite difficulties, the state oil company states it will maintain its US$ 21 billion goal by the end of 2018.

    Published on 10/13/2017 - 11h38

  • Prosecutors Charge Batista Brothers With Market Manipulation

    The Public Prosecutor's Office charged on Tuesday (10) the owners of JBS Wesley and Joesley Batista with using inside information to make a profit in the market - which would have generated an irregular gain of up to R$ 238 million (US$ 74.3 million).

    Published on 10/11/2017 - 11h11

  • Brazil Will Have the 12th Largest Debt in the World in 2022, According to the IMF

    In 2022, Brazil will have the 12th largest debt in the world, representing 96.9% of the Brazilian GDP, according to a forecast by the IMF (International Monetary Fund) released on Tuesday (10). The estimated total value is R$ 8.8 billion (US$ 2.5 billion)

    Published on 10/11/2017 - 10h59