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Son of founder of Brazil’s Banco Safra leaves board; bank changes CEO

Alberto Safra, one of the sons of Lebanese-Brazilian billionaire banker Joseph Safra, has left Banco Safra SA’s board of directors to work on another family project, the Brazilian lender said in a statement on Monday. Banco Safra also said in its statement that Chief Executive Officer Rossano Maranhao had left the bank. Late on Monday, the bank said Alberto Corsetti, a longtime Safra executive, would replace Maranhao.  Local newspapers Valor Economico and O Estado de S. Paulo reported that Alberto Safra [...]

Brazilian meat giants reap market gains from Chinese demand

By Luzi Henrique Mendes | São Paulo – Valor International The African swine fever epidemic in China is still driving shares of Brazilian meat processors. Since there are no signs the outbreak is under control, with Chinese herds still shrinking, investors are doubling down bets on Brazil’s top meatpackers: JBS, BRF, Marfrig and Minerva. The rally of 2019 is unheard of and will be challenging to replicate. JBS shares rose to a new record in September, with the company controlled by [...]

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How to know your (Brazilian) restaurant customers and make more money with them.

During the emerging era of big data, companies started collecting customer information into numerous data silos. This led us to foresee the need for a single, easy-to-use solution that would integrate these data silos and successfully mine them for actionable insights. With over 200 years of combined experience in restaurants, data and technology, the Marketing Vitals leadership and development team came together to provide a solution focused on helping restaurants improve their Marketing and Sales. Armed with the most cutting-edge, effective [...]

Trump to Welcome Brazil’s President to White House

The Associated Press WASHINGTON — President Donald Trump will welcome Brazil’s new president, Jair Bolsonaro, to the White House later this month to discuss trade, defense cooperation, transnational crime and other issues. The White House said Friday that two leaders also would talk about providing humanitarian assistance to Venezuela and restoring democracy to the country when they meet on March 19. Bolsonaro, who took office Jan. 1, is a former army captain with hard-right positions. He has often expressed admiration for Trump [...]

US companies doing business in Brazil: what you should know

  Just 25 years ago, 66% of Brazil’s rural population and 38% of its urban residents lived below the poverty line. Today, the country remains an incredibly attractive investment proposition for companies around the world. There seems to be an optimism about Brazil that persists despite ongoing corruption scandals and economic uncertainties – and despite Brazil being one of the toughest and most challenging places to do business in the world. For US companies looking to invest in Latin America, Brazil remains [...]