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Domestic aviation increased in April

23/05/2017 at 19:09h

São Paulo – Demand for air travel in Brazil increased for the second month back-to-back in April, by 3.2% year-on-year. Supply was up 2%. In April, passenger numbers reached 6.9 million. The numbers, concerning the operations of carriers Avianca, Azul, Gol and Latam, were made public this Tuesday (23) by the Brazilian Airlines Association (Abear). These carriers combined retain a market share of over 99% in domestic air travel in Brazil.

Via Agência Brasil. Translated by Gabriel Pomerancblum

Confidence of retail sector went up 2.7%

22/05/2017 at 15:09h

Rio de Janeiro – The Retailer Confidence Index (Icec) rose 2.7% in May over April of this year, reaching 103 points and getting in to the positive zone, since last month the index also stood above 100 points. The data was made available this Monday (22) by the National Confederation of Trade in Goods, Services and Tourism (CNC).

Via Agência Brasil. Translated by Sérgio Kakitani

On tumultuous day, dollar hikes and stocks drop

18/05/2017 at 18:48h

São Paulo – The US dollar hiked by 8.15% this Thursday (18), and was selling for BRL 3.389 at the end of the trading day. The United States currency was buoyed by a plea bargain deposition from meat company JBS partner Joesley Batista, which directly implicated president Michel Temer.

The market kept waiting for Temer’s reaction. He addressed the nation in the afternoon and denied rumors that he would step down. Still, Ibovespa, the main index of the São Paulo Stock Exchange, was down 8.8%, the sharpest drop since the world financial crisis peaked in October 2008. Trading was curbed for 30 minutes in the morning. Ibovespa closed at 61,597.06 points.

Translated by Gabriel Pomerancblum

Number of startups a record

17/05/2017 at 14:04h

São Paulo – In January 2017, 194,199 businesses opened in Brazil, the largest amount for the month since 2010. The result is up 16.6% from 166,613 new businesses in January 2016. It is also up 61% from 120,622 in December 2016. The numbers were made public this Wednesday (17) in Indicador Serasa Experian de Nascimento de Empresas, a new businesses report from credit bureau Serasa Experian. “Entrepreneurship born of necessity keeps driving startups in Brazil. Since unemployment is high, people who’ve lost their jobs are seeking new sources of income by starting new businesses,” Serasa reported.

Via Agência Brasil. Translated by Gabriel Pomerancblum