Tag: ISTOÉ

USA will announce donations for environmental actions in Brazil in a timely manner, says Marina – ISTOÉ DINHEIRO

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By Lisandra Paraguassu
BRASILIA (Reuters) – U.S. Special Envoy for Climate John Kerry did not announce a figure for U.S. donations to fight deforestation in Brazil after a first meeting with Brazilian government representatives, but a plan to action should be announced on Tuesday, said the Minister of Environment and Climate Change, Marina Silva.
The minister’s team has already confirmed that there should be a press conference on Tuesday afternoon, after a working meeting with Kerry and the delegations of both countries.
′′ Who will announce the value is the Biden government in the opportune time for them. They depend on Congress, nothing will be done that disregards the dynamics of each country,” Marina told reporters after the meeting.
“Brazil works so that we can have, as quickly as possible, the contributions that are being made by the different governments, as already signaled, for example, by Germany. But each country has its time and its internal dynamics.”
The Minister of Agriculture, Carlos Fávaro, reported having spoken with Kerry about technical cooperation and investment in research for sustainable production, which, defends Fávaro, could come from the Amazon Fund.
“We talk a lot about cooperation, research. They have the world’s largest temperate climate research company and tropical climate nodes. If we unite, we can together, through Embrapa, find innovative solutions. Brazil is an example of no-till planting, nitrogenous dispensing, an innovation that the US does not have”, said the Minister of Agriculture.
“We are going to promote technical cooperation, investment partnership, in the Amazon Fund. He made it very clear how difficult it is for the government to approve funds for the Amazon Fund in the US Congress, but they will do it. We suggest that the Amazon Fund invest in research,” added Fávaro.

Earlier, upon leaving the meeting with Kerry, vice president Geraldo Alckmin clarified that the US special envoy had not spoken of values, but that he had guaranteed that he would work together with his government, Congress and private companies in the North -American companies to guarantee “large resources” in contributions, whether for the Amazon Fund or for other options negotiated with the Brazilian government.
Alckmin, who is also Minister of Development, Industry, Commerce and Services, spoke briefly with journalists at the Itamaraty after meeting with Kerry, which was also attended by, among others, Marina and the president of the National Bank for Economic and Social Development ( BNDES), Aloizio Mercadante.
At the beginning of the month, when President Luiz Inácio Lula da Silva met with US President Joe Biden in Washington, an initial donation of US$50 million to the Amazon Fund was discussed. The amount, however, was not officially announced because the assessment was that the amount — the maximum amount that the US government could donate by executive act, without passing through Congress — would be low compared to other donations. According to a source, the announcement has been postponed so that the US can negotiate a higher number.
According to Marina, the two governments are drawing up a work plan on issues such as climate change, deforestation, low-carbon economy and other topics, and on Tuesday a joint announcement of cooperation should be made.
“We are going to revisit the framework agreement that was made by Brazil and the US in 2015. This framework agreement has several themes that need to be updated in light of the interests of President Lula’s government and the Biden government. It has to do with protecting the forest, climate, tackling inequalities, strengthening democracies, but betting on the energy transition, facing the major issues on the global environmental agenda, including issues that have to do with this cooperation in terms of trade,” he said. .
This morning’s meeting, according to Alckmin, dealt with the fight against climate change, deforestation, energy transition, in addition to the possibility of partnership in several areas. Kerry should also meet with the Minister of Agriculture, Carlos Fávaro.
So far, the Brazilian government has signaled donations from France, Spain and the United Kingdom to the Amazon Fund. During the World Economic Forum, in Davos, in meetings with actor Leonardo di Caprio and investor Jeff Bezos, Marina also heard that both would raise 100 million dollars each, through their foundations, to invest in the Fund.
Initiated by Germany and Norway to support the country’s forest protection and sustainable development projects, the Fund has so far received donations of US$1.3 billion.
LOGGING
The Minister of the Environment was asked about the increase in deforestation in February, which in two weeks broke the record for the entire month since 2015, when the historical series began.
According to Marina, there is a “kind of revenge” against the actions that are being taken by the government in the region.
“Right now we are identifying that there is criminal action even in the rainy season, advancing deforestation. We are preparing to face this confrontation”, said the minister, noting that she took the ministry as “scorched earth”.
“We are still two months into the government, the deforestation prevention and control plan will be updated and reimplemented from April, when we will conclude the plan. But even so, we are taking emergency action on several fronts, on the Yanomami front, on the front of deforestation and other crimes that happen throughout Brazil, ”he said.
(Reporting by Lisandra Paraguassu)
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February 28, 2023
Messi wins “The Best” award for best player of the year in ceremony dominated by Argentina – ISTOÉ DINHEIRO

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PARIS (Reuters) – Lionel Messi, who led Argentina’s men’s soccer team to its 2022 world cup campaign, won FIFA’s “The Best” award for the world’s best player on Monday at a gala ceremony where his compatriots Lionel Scaloni and Emiliano Martínez were also awarded.
Messi, 35, defeated France’s Karim Benzema and Kylian Mbappé to win the player of the year trophy.
“This year was crazy for me, I managed to fulfill my dream after so much fighting, so much searching, so much insisting”, said Messi, with the prize in hand.
“It’s a dream for any player and few can achieve it. And I did. I want to thank my family and the people of Argentina for having lived this very special month the way we did, which will remain in our memories for a lifetime,” he added.
Coach Lionel Scaloni, in turn, surpassed Pep Guardiola, from Manchester City, and Carlo Ancelotti, from Real Madrid.
“I’m especially proud because it’s an award that players vote for, and for me it has enormous value. I want to thank the players, the 26 who led us to glory. Without them we would not have achieved anything. I will be eternally grateful to them”, said the coach of the Argentine national team.
Meanwhile, Emiliano “Dibu” Martínez took the award for best goalkeeper.
“It is very good for my career. It is a source of pride for my country. Winning a World Cup after 36 years is something beautiful”, said Martínez, who beat Moroccan Yassine Bounou, from Sevilla, and Belgian Thibaut Courtois, from Real Madrid.

In the women’s category, Spain’s Alexia Putellas won the player of the year award for the second consecutive season.
(Reporting by Julien Pretot)
#Messi #wins #award #player #year #ceremony #dominated #Argentina #ISTOÉ #DINHEIRO

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February 28, 2023
Imea maintains projection for 22/23 soybeans in Mato Grosso at 42.8 million t, with an upward bias – ISTOÉ DINHEIRO

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By Nayara Figueiredo
SAO PAULO (Reuters) – Soy production in Mato Grosso should reach a record 42.8 million tons in the 2022/23 harvest, the Mato Grosso Institute of Agricultural Economics (Imea) said on Monday, maintaining the projection released at the beginning of the month.
The institute’s expectation may still increase, depending on the results obtained by the end of the harvest, which reached 76.27% last Friday, commented the superintendent of Imea, Cleiton Gauer, in a videoconference.
If confirmed, oilseed production will already represent an annual increase of 4.82% for the largest Brazilian soy producer.
Along the same lines, the outlook for corn second crop production in the State was maintained at 46.4 million tons, driven mainly by the increase in planting area, estimated at 3.78%, to 7.42 million hectares.
The cereal harvest, if confirmed, will be 5.87% greater than that harvested in the previous year, according to the data, despite 20% of crops being planted outside the most productive period.
“The delay we saw in the soy harvest ends up being impacted in the sowing of corn and cotton… we’ve seen in recent years and on average,” said Gauer.
On the other hand, he stated that meteorological forecasts indicate that Mato Grosso should receive rainfall with averages above 60 millimeters over the next 60 days, “which provides conditions for areas to develop in the State”.

Gauer pointed out that anticipated sales of the 2022/23 corn crop have taken place at a slower pace, with producers cautious about negotiating large volumes before the harvest results and also in the face of uncertainties about the prices that will be practiced in the market.
Planting of the second corn crop in south-central Brazil reached 39.1% of the estimated area of 14.9 million hectares, according to a survey by consulting firm Safras & Mercado released this Monday, with data up to February 24.
In the same period last year, cultivation reached 52.4% in the region that includes Mato Grosso, while the average planting rate in the last five years is 48.7%.
In the Matopiba region –comprising Maranhão, Tocantins, Piauí and Bahia– the sowing of the “safrinha” reached 10% of the estimated area of 1.244 million hectares, against 4.6% a year before and a historical average of 2.8 %.
While some states are planting the second crop of corn, others are in the process of harvesting the summer grain. According to Safras, the removal of corn from the fields reached 27.6% in Brazil, delayed compared to 39% a year earlier, but above the historical average of 25.2%.
The superintendent of the Imea also pointed out that the forecast for the production of cotton in Mato Grosso was also maintained, in relation to the beginning of the month, at 1.936 million tons of lint, an increase of 6.8% in relation to the previous season.
(Reporting by Nayara Figueiredo)
#Imea #maintains #projection #soybeans #Mato #Grosso #million #upward #bias #ISTOÉ #DINHEIRO

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February 28, 2023
Japan’s next BC president says he has ideas for exiting ultra-loose monetary policy – ISTOÉ DINHEIRO

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By Leika Kihara and Tetsushi Kajimoto
TOKYO (Reuters) – Incoming Bank of Japan Governor Kazuo Ueda said on Monday he had ideas about how Japan’s central bank might exit its massive monetary stimulus, but a shift to tighter policy would only come when the country’s inflation tendency to increase significantly.
The central bank will reduce its bond purchases and is likely to move towards monetary policy normalization when sustained achievement of its 2% inflation target is in sight, Ueda said.
With inflation trending below the Bank of Japan’s target, however, the central bank is likely to stick to the current ultra-loose policy for the time being, he added.
“Big improvements must be made in Japan’s inflation trend for the Bank of Japan to shift to monetary tightening,” Ueda said.
“It’s not that I don’t have ideas on how to adjust the Bank of Japan’s current policy. But the desirable adjustment will vary depending on economic changes at the moment,” Ueda said, adding that it was premature to comment on how the central bank might change monetary policy.
For now, the Bank of Japan’s ultra-lax conduct was appropriate as the benefits of monetary policy, such as boosting growth, exceeded the costs, such as deteriorating market functions, he said.
“If the inflation trend does not pick up, the Bank of Japan should shift to a more sustainable monetary policy or an easing monetary framework that takes care of the cost of its stimulus,” Ueda told a confirmation hearing in parliament.

Ueda said he sees no need now to change the 2% inflation target or the central bank’s language in a joint statement the government signed in 2013 obliges the central bank to hit the price target as soon as possible.
He also said the Bank of Japan must watch out for an unwelcome rise in inflation, maintaining a commitment to continue increasing money printing until inflation exceeds its 2% target.
Upon parliamentary approval, Ueda will succeed incumbent President Haruhiko Kuroda, whose second five-year term as head of the bank ends on April 8.
(Reporting by Leika Kihara and Tetsushi Kajimoto)
#Japans #president #ideas #exiting #ultraloose #monetary #policy #ISTOÉ #DINHEIRO

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February 27, 2023
Markets start week on a high with gains in all sectors – ISTOÉ DINHEIRO

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By Shreyashi Sanyal
(Reuters) – Europe’s benchmark stock index rose on Monday, supported by gains in all major sectors, rebounding from its worst weekly performance this year.
The pan-European STOXX 600 index was up 1.11% to 462.79 points at 7:52 am (Brasília time). The Index fell 1.4% last week after higher-than-expected US inflation data fueled bets the Federal Reserve will continue to raise borrowing costs.
All of the euro zone’s major sectoral indexes advanced in early trade, with gains of 1.2% to 1.6% in riskier parts of the market, including oil and gas, technology and autos and auto parts.
Miners, among the biggest losers last week, jumped 0.8%. Defensive sectors such as healthcare and telecommunications posted the smallest gains.
In LONDON, the Financial Times index advanced 0.81%, to 7,942.85 points.
In FRANKFURT, the DAX index rose 1.51% to 15,440.04 points.
In PARIS, the CAC-40 index gained 1.58%, at 7,300.89 points.

In MILAN, the Ftse/Mib index appreciated by 1.78%, at 27,466.36 points.
In MADRID, the Ibex-35 index registered an increase of 1.28%, to 9,319.40 points.
In LISBON, the PSI20 index appreciated by 0.54%, to 6,016.70 points.
#Markets #start #week #high #gains #sectors #ISTOÉ #DINHEIRO

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February 27, 2023