Uncertainties of U.S. economic recovery are generating “panic” in the markets, Pedro Galdi, head strategist at Sao Paulo-based brokerage SLW Corretora, said in a telephone interview.
While JBS SA and Tyson Foods Inc. tussle for a bigger share of the U.S. processed-food market, BRF SA is stepping up its growth efforts in emerging markets.
Gol Linhas Aereas Inteligentes SA, Brazil’s second-biggest airline, is accelerating reductions in jobs and flights to avoid falling further behind Tam SA, whose pending acquisition will create the world’s largest carrier by market value.
"The postponement of the tax has as much to do with inflation as it does the political environment."
- Pedro Galdi on Aug 29, 2014