As part of a push to make the country more efficient and business-friendly, Brazil has made changes to a law governing limitadas, or limited liability companies.
Exactly 20 years after they started, representatives from the European Union and Mercosur concluded negotiations on one of the biggest trade deals in history. The EU is the South American bloc’s first major trade partner, and the new agreement is the largest ever for both sides.
Brazil endured a difficult recession a few years ago and continues to experience headwinds. But it remains the eighth-largest economy in the world and an appealing destination market for multinationals. Marcelo Borgheti, Vistra’s Brazil Managing Director, has helped companies expand into and operate in Brazil for more than 30 years. He explains how and why Brazil’s economic landscape is changing and why multinationals still want get in on this huge, emerging market.
Brazil has joined the growing list of countries that have recently passed legislation requiring investors to identify their ultimate beneficial owners (UBOs) and report that information to local authorities.
A new Brazilian law loosens immigration restrictions, gives foreign workers additional rights and simplifies the visa process for business visitors and tourists.
Trade-agreement negotiations between the EU and the four South American countries that comprise Mercosur have dragged on for 17 years, but they’ve taken on a new urgency due to US protectionist policies. The two sides aim to finalize an agreement by the end of the year.
This month’s transfer of Brazilian soccer player Neymar from the Spanish super club Barcelona to the French super club Paris St-Germain included a transfer fee of over $250 million, putting it on a par with some of the year’s biggest cross-border M&A deals. The transaction speaks to the changing nature of global super clubs and to the global economy itself.
Brazil has passed a new law that amends over 100 provisions of the country’s Consolidated Labor Laws, which haven’t substantially changed since the 1940s. The law provides greater flexibility to employers and workers and could lead to millions of new jobs in the next two years.
Brazil has applied to become a member of the Organization for Economic Cooperation and Development, a move that if successful will be a giant step in commanding respect and drawing investment to the country, the world’s fifth-largest in population with a GDP of over $1.9 billion.
The World Bank projects global growth to improve to 2.7 percent in 2017, up from a decade-low 2.4 in 2016. Growth rates should further improve over the next two years. We summarize the important points of the World Bank's recent Global Economics Prospects report and take a look at its forecasts for five critical global economies.
This week's Global Glance looks at a workplace spanking incident in China, and a survey showing Asia-Pacific as the new epicenter of the world's rich.
In this week's Global Glance we look at how the strong US dollar is hurting and helping US businesses, DraftKings' deals with three UK soccer teams, and a summary of important Zika information.