Politics

The crisis will leave food and remove the “protection” of companies from political and economic risks, says Abitigo – Money Times

Published

2 years ago

July 22, 2022

The crisis will leave food and remove the "protection" of companies from political and economic risks, says Abitigo - Money Times

Flour and wheat derivatives should have leftovers with less consumption (Image: REUTERS/Paulo Whitaker)

BUT recession drawn in the world and already low consumption Families should be allies of Brazilians if some sectors try to protect themselves through higher prices against the uncertainties that arise in the face of a sensitive political and institutional structure as elections approach, which creates additional risks for the economy. .

This would be nothing new for Brazil, which has seen this film countless times in the past, even when inflation was much higher and consumption was as low as it is now, including products from the most basic food groups.

It is worth remembering that government bonds indexed to IPCA began to experience pressure from greater interest and auctions NTN-B falling in volume despite bearish adjustment of longer maturities Straight treasure. And fixed income rewards can include this risk to make them more attractive.

Bye Money Times is waiting for positioning Paulista Supermarket Association (Apas) whether there is or is any indication of this, both from suppliers and retailers, in the wheat sector the assessment is negative.

To my stepdad, for example, there is no risk that industries will take this step. “There must be a surplus in the face of a world situation of lower consumption, as is expected here in Brazil,” says President Rubens Barbosa.

In the case of this raw material for bakery and pasta, Barbosa recalls that the explosion in prices after the invasion of Ukraine has been replaced by fear of an economic crisis that has intensified over the past two months. And this Friday (22), an agreement was concluded with Russia that would guarantee Ukrainian exports, although they are small compared to 2021.

So companies will have to dump their stocks in some way, including in other product lines and even in other sectors, a scenario that Barbosa, Brazil’s former ambassador to the US, does not believe in pressure to increase the emergency aid and extend it. to other segments that the government managed to approve.

You can think of the case of semiconductors, whose supplies are returning after the shortage they have recently created in the world.

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Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.

Politics

The dollar continues to reflect the political scenario

Published

1 year ago

December 20, 2022

Goodwin Townsend

The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.

Politics

Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.

Published

1 year ago

December 20, 2022

Goodwin Townsend

The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.

Politics

The EU has reached a political agreement on limiting gas prices – 19.12.2022

Published

1 year ago

December 19, 2022

Goodwin Townsend

Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021

BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

See more news, photos and videos at www.ansabrasil.com.br.

Goodwin Townsend

General internet buff. Hardcore music maven. Typical foodaholic. Friendly student.