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...“Even though we have a sense it is higher, we don’t know exactly how high R-star is right now,” she said....
...But he added that “Enel has almost doubled investments . . . to about R$1.5bn [$300mn] a year, compared with R$800mn invested by the previous concession holder....
...When the two researchers then did an even larger study of 5,000 CEOs, they confirmed that those with an MBA degree operated quite differently to the non-MBA bosses, spending less on R&D, say, and using accounting...
...Of the R$1.4tn ($290bn) of investments targeted by 2026, there is to be $76bn of federal funding....
...Most prominent among the city’s plans is a R$1bn subsidy package for companies that renovate old or abandoned buildings....
...pilita.clark@ft.com...
...This would allow Bolsonaro to circumvent fiscal rules in order to increase the Auxílio Brasil handouts, possibly to as much as R$600....
...Most of the country’s outstanding public borrowing of R$6.1tn is funded by domestic savers in reais....
...It paves the way for a major public works programme underpinned by R$370bn ($74bn) of federal funds over four years. “The new framework expands the government’s margins for investments and spending....
...Though Davies & Son has dressed the likes of Clark Gable, Bryan Ferry and generations of the royal family, this represents the first time in its 221-year history that it has worked with a fashion designer...
...Between June and July, the government spent R$650mn ($135mn) subsidising the sale of 125,000 so-called “people’s cars” to less well-off citizens....
...PepsiCo Q1, Philip Morris International Q1, RWS Holdings HY, Seagate Q3, Shimano Q1, Spotify Q1, Taylor Wimpey AGM & trading update, Tesla Q1, Texas Instruments Q1, United Parcel Service Q1, Visa Q2, W R...
...As Congress stripped power from his ministries this month, Lula released R$1.7bn ($350mn) in such stipends to try limit the damage — the largest single-day release of funds of this type under this government...
...Americanas’ trio of billionaire shareholders and creditors have been hashing out the terms of a financial rescue that would involve them injecting up to R$12bn (US$2.5bn), while creditors accept a debt-for-equity...
...pilita.clark@ft.com Letter in response to this column: In touchscreen age, physios and eye experts are king / From Aisha Amjad, Dubai, UAE...
...Officials forecast total public revenues of R$2.37trn this year....
...Letters in response to this article: There are alternatives to ripping up the ocean floor / From Donald R Sadoway, John F Elliott Professor Emeritus of Materials Chemistry, Massachusetts Institute of Technology...
...“When we are facing a R$20bn loss that becomes R$43bn [at bankruptcy], I don’t see how we can’t hold responsible each and every citizen that was checking the accounts of the company,” he added....
...several prominent Brazilian billionaires, including the country’s richest man Jorge Paulo Lemann, Americanas has been engulfed in a maelstrom since it revealed accounting “inconsistencies” of more than R$20bn...
...“You’d have one ship on patrol like you saw in [the Tom Hanks movie] Captain Phillips and so when there was some kind of problem, they’d come respond,” says Bryan Clark, a senior fellow at the Hudson Institute...
...The package envisages increasing revenues by more than R$190bn, while reducing expenses by R$50bn....
...Then on Thursday, Americanas revealed it had just R$800mn available in cash, shortly before filing for bankruptcy protection. The retailer declared debts of R$43bn to the court....
...Rousseff and the R$100mn that Anielle believes the ministry needs....
...The Amazon: The complexities of the rainforest’s carbon credit market are being laid bare by a deepening scandal, writes Bryan Harris....
...An additional R$70bn would be allocated to maintain Auxílio Brasil at its current R$600 level and create a new R$150 handout to poor families with children under six....
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