Category Economy

Homebuilders seek Sector Legislation

Brazil’s construction sector can’t catch a break. The country’s political turmoil could delay efforts to prop up homebuilders struggling with sales cancellations even as officials and industry leaders are close to reaching an agreement on a basic set of rules. Policymakers and industry executives are expected to meet in Brasilia today to decide on a […]

Banco do Brasil Looking to Increase Fooprint in the U.S.

Banco do Brasil is aiming to grow in the U.S. by first appealing to Brazilians in South Florida, and then general consumers, across the country. An initial plan include rolling out an ultramodern online banking experience and a new credit card product. BB has been steadily growing its Banco do Brasil Americas unit since  2013 after it acquired […]

Legislation to Attract FDI is on the Way

Yesterday, Temer’s Chief of Staff, Eliseu Padilha, announced that the PMDB majority Congress is likely to vote legislation next month to attract FDI. According to Padilha, new legislation will focus on infrastructure and regulatory issues and would give agency directors more discretionary over their budgets. And these directories would be hires for five-year fixed terms not […]

New Figures of Industrial Contraction

And Brazil don’t seem to be able to catch a break lately. This morning, data firm Markit released its Brazil Purchasing Managers’ Index revealing that manufacturing activity dropped in April, suggesting no short term recovery for the country’s deep economic recession. According to the firm’s economist Pollyanna De Lima: “The deteriorating picture in Brazil’s manufacturing sector continued in April, […]

Emerging Markets Insights

a blog by Frontier Strategy Group

longandvariable

A blog on macroeconomics and public policy by Tony Yates.