Your Daily Scan of the New Global Economy

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Brazil
Onyx Strikes Deal With Prosecutor General, Concedes to Slush Fund and Pays R$189,000 to Close Case RIO DE JANEIRO, BRAZIL – The Minister of Citizenship Onyx Lorenzoni, signed a non-prosecution agreement with the Office of the Prosecutor General (PGR) in which he conceded to having received cash from JBS in his 2012 and 2014 election...
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Brazil’s Living Standards to Retreat 12 Years With Eternal Crisis RIO DE JANEIRO, BRAZIL – Like an animated movie stepmother, the pandemic dumped dirt on a floor that was being cleaned up with great difficulty and delay by Brazil over the past decades. In addition to the fiscal troubles that this has caused, the coronavirus...
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Chloroquine Production Places Bolsonaro in Court’s Sights RIO DE JANEIRO, BRAZIL – The drug advocated by President Jair Bolsonaro to fight the Covid-19 pandemic, despite no scientific proof of its efficacy, has come into the Court’s sights. An investigation was requested by the Prosecutor’s Office (MP) to establish whether there was overbilling in the purchase...
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Itaú’s Profit Slumps 40 Percent in Q2 to R$4.2 Billion RIO DE JANEIRO, BRAZIL – Itaú’s recurring net profit was down 40.2 percent in Q2 2020, compared to the same period last year, to R$4.205 billion (US$841 million). Against the previous quarter, profit increased by 7.5 percent. The result was in line with analysts’ projections...
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How Jundiaí Balanced its Accounts and Raised its Rating in Full Pandemic RIO DE JANEIRO, BRAZIL – Worldwide, the novel coronavirus is decimating public accounts, but Jundiaí, a city located halfway between São Paulo and Campinas, is experiencing something different. In full pandemic, the city had its rating raised by the Austin Rating committee to...
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