Luiz Henrique Didier Jr. (pictured below), CEO of Bexs Banco, pens an article on the necessary precautions for structuring foreign venture capital investments in Brazil.
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Ebury started operating with a team in Brazil five months ago, and it works with specialty solutions for small- and medium-sized enterprises. Its operations include invoices from foreign clients and customized foreign exchange rate risk management strategies.
US currency ended this Thursday at BRL 4.19, up 0.15% day on day.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
The average price hike forecast from Brazilian financial market players was down for the fifth week on end, from 3.59% to 3.54%.
Brazilian banks expect the economy to grow by 1% in 2019, the 15th straight downward revision of the estimate.
Expenditure during international trips was down 3% in April and 10% year-to-date through April, the Brazilian Central Bank reported. A strong US dollar makes it more expensive to go abroad.
The deficit slid to USD 494 million, from USD 666 million in March 2018.
Brazilian monetary authority will sell USD 3 billion from Brazilian international reserves. Goal is to restrain dollar hike.
With the dollar appreciation, Brazilian expenses in international travels dropped by 7.33% in February, down to USD 1.3 billion.
Main index of São Paulo Stock Exchange surpassed this level during the day but closed in 99,994 points. Still, it is a new record.
The estimate by financial institutions for the Brazilian economic growth was downsized.
The main index of the São Paulo Stock Exchange climbed 1.16% this Friday to 97,677 points.