Search Results for: Brazilian

A SIGNIFICANT set of acquisitions by Brazilian meat major JBS has been given European Union (EU) regulatory approval by the European Commission. Acting as Europe’s international competition regulator, the Commission approved JBS’ purchase from Brazilian food processor Marfrig Alimentos of Netherlands-based Columbus Netherlands BV also known as Zenda) and six Brazilian-based companies that together form the Seara group.…

SEPTEMBER 12, 2013: MULTINATIONAL companies are less worried about the risk of having to pay bribes to ‘buy business’ than they are about lower level corruption affecting their routine operations. Despite concern, only half of them have safeguards in place.

These findings in a new survey from global risk consultancy Control Risks and the Economist Intelligence Unit are at odds with international enforcement efforts focused on “classic” corruption, i.e.…

THE BRAZILIAN government will not push ahead with further airport privatisations while it considers the impact of its first five sales, the country’s civil aviation secretary Wellington Moreira Franco has announced. He said remaining airports will stay with state-owned manager Infraero, while the five privatised airports are monitored: São Paulo’s Guarulhos and Campinas-Viracopos airports; Brasília International; Rio de Janeiro’s Galeão airport and Belo Horizonte’s Tancredo Neves.…

BRAZIL is an innovative technical textile producer, declares a report from a senior São Paulo’s business school the Getúlio Vargas Foundation (FGV), despite the sector experiencing teething problems as it expands. Looking at the Brazilian textile sector as a whole, the study estimates that 77% of investment into the sector during 2012 was used to buy innovative machinery – and the technical textile sector especially has a lot of demand to meet.…

WHILE it is hard to generalise about a region as diverse as Latin America, the truth is that many of its consumers are more concerned about personal appearance than is typical elsewhere in the world, and that is good news for the personal care product industry.…

The Brazilian textile manufacturing industry may come under threat as neighbouring Peru eyes up opportunities for expansion in Latin America’s biggest textile market. Peru currently exports USD102 million in textiles and apparel to Brazil annually (in 2012), and these exports have been increasing annually by 15% on average since 2010 according to the Brazilian Textile and Apparel Industry Association (ABIT).…

POPULAR models in the Brazilian car market are likely to vanish from the streets in Latin America’s largest nation as new safety standards come into play. Brazilian automotive experts have said that the upcoming car safety law, which will be enforced from the start of 2014, will make popular models such as the Volkswagen Kombi, still commonly driven in Brazil, unfit for driving and too costly to upgrade.…

A COMPREHENSIVE Brazilian government plan to boost Brazil’s textile industry has been delayed because the programme would have included protective duties that could put the country in breach of its World Trade Organisation (WTO) free trade commitments.

A meeting of 313 textile industry and government representatives on June 19 in the capital Brasilia failed to back a proposed ‘competitive tax regime for the textile sector’ (RTCC, is its Brazilian acronym).…

THE CHANGES made in 2012 by the Financial Action Task Force (FATF) to global anti-money laundering and terror finance guidance might have been agreed by consensus, but governments are responding in a wide variety of ways. Some jurisdictions considered to be leaders in anti-money laundering (AML) and combating the financing of terrorism (CFT) practice are taking time to respond, while others have taken advantage of the new recommendations to revamp their AML laws and regulations.…

A CENTRE-left Portuguese member of the European Parliament (MEP) Nuno Teixeira has raised concerns about the safety of Brazilian beef after learning that two shipments of Brazilian beef meat have been blocked in the port of Rotterdam after testing positive for the presence of Ecoli bacteria.…