Brazilian President Dilma Rousseff will have support in Congress to raise taxes on mining companies even as she struggles to win backing from her allies on other key measures, said Antonio Anastasia, governor of Minas Gerais state.
Patria Investimentos SA, the private- equity fund partially owned by Blackstone Group LP, and Kinea Investimentos Ltda are buying medical-diagnostic providers, betting a slowdown at insurers that pay for tests is temporary.
Cia. de Saneamento de Minas Gerais, Brazil’s second-biggest water utility by market value, will invest 900 million reais ($449 million) this year in infrastructure including 80 sewage-treatment plants.
The Ibovespa fell, trimming a weekly gain, as pulp maker Fibria Celulose SA led commodities producers lower after a report that showed slower-than-forecast U.S. growth dimmed the outlook for Brazilian exports.
Credit Suisse Group AG and JPMorgan Chase & Co. are selling to investors through pass-through notes a $1.27 billion loan made to the Brazilian state of Minas Gerais, according to people familiar with the matter.