IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▲ 0.14% USD/MXN17.47▲ 0.01% USD/CLP925.25▲ 0.04% USD/COP3,240▼ 0.20% USD/PEN3.41▲ 0.50% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.35▲ 2.07% USD/DOP58.65▲ 0.29% USD/CRC450.95▲ 0.47% USD/GTQ7.62▼ 0.02% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 0.03% EUR/BRL5.85▲ 0.46% BRENT 79.23 ▲ 4.24% WTI 74.41 ▲ 4.20% IRON ORE 161.91 — — COPPER 6.30 ▲ 1.02% GOLD 4,071 ▼ 0.81% SILVER 58.76 ▼ 1.75% SOY 1,196 ▼ 0.06% CORN 467.50 ▲ 6.74% WHEAT 639.75 ▲ 1.23% COFFEE 332.80 ▼ 2.97% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 144.05 ▼ 2.57% COTTON 82.94 ▲ 3.78% COCOA 5,725 ▼ 3.28% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,543 ▼ 1.91% ETH 1,769 ▼ 2.03% SOL 75.79 ▼ 1.41% XRP 1.07 ▼ 1.30% BNB 567.39 ▼ 1.14% ADA 0.16 ▼ 1.89% DOGE 0.07 ▼ 0.90% AVAX 6.58 ▲ 2.78% LINK 7.89 ▼ 1.30% DOT 0.83 ▼ 1.68% LTC 43.26 ▼ 1.61% BCH 236.82 ▼ 1.31% TRX 0.33 ▼ 1.44% XLM 0.18 ▼ 2.05% HBAR 0.07 ▼ 1.31% NEAR 1.90 ▲ 0.34% ATOM 1.54 ▼ 1.79% AAVE 95.21 ▼ 1.91% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,608 ▲ 0.67% USD/ZAR16.36▲ 0.22% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.17▲ 0.28% USD/CNY6.77▼ 0.17% DAX 25,074 ▲ 0.03% CAC 8,339 — 0.00% FTSE 10,469 ▼ 0.27% MIB 52,675 ▲ 0.11% IBEX 19,377 ▼ 0.04% STOXX 639.58 ▼ 0.24% EUR/USD1.14▲ 0.25% GBP/USD1.34▲ 0.06% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.41 ▲ 9.18% USD/CAD1.41▼ 0.17% US10Y 4.5690 ▲ 0.66% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▲ 0.14% USD/MXN 17.47 ▲ 0.01% USD/CLP 925.25 ▲ 0.04% USD/COP 3,240 ▼ 0.20% USD/PEN 3.41 ▲ 0.50% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.65 ▲ 0.29% USD/CRC 450.95 ▲ 0.47% USD/GTQ 7.62 ▼ 0.02% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.47% EUR/BRL 5.85 ▲ 0.46% BRENT 79.23 ▲ 4.24% WTI 74.41 ▲ 4.20% IRON ORE 161.91 — — COPPER 6.30 ▲ 1.02% GOLD 4,071 ▼ 0.81% SILVER 58.76 ▼ 1.75% SOY 1,196 ▼ 0.06% CORN 467.50 ▲ 6.74% WHEAT 639.75 ▲ 1.23% COFFEE 332.80 ▼ 2.97% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 144.05 ▼ 2.57% COTTON 82.94 ▲ 3.78% COCOA 5,725 ▼ 3.28% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,543 ▼ 1.91% ETH 1,769 ▼ 2.03% SOL 75.79 ▼ 1.41% XRP 1.07 ▼ 1.30% BNB 567.39 ▼ 1.14% ADA 0.16 ▼ 1.89% DOGE 0.07 ▼ 0.90% AVAX 6.58 ▲ 2.78% LINK 7.89 ▼ 1.30% DOT 0.83 ▼ 1.68% LTC 43.26 ▼ 1.61% BCH 236.82 ▼ 1.31% TRX 0.33 ▼ 1.44% XLM 0.18 ▼ 2.05% HBAR 0.07 ▼ 1.31% NEAR 1.90 ▲ 0.34% ATOM 1.54 ▼ 1.79% AAVE 95.21 ▼ 1.91% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,608 ▲ 0.67% USD/ZAR 16.36 ▲ 0.11% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.17 ▲ 0.31% USD/CNY 6.7655 ▼ 0.02% DAX 25,074 ▲ 0.03% CAC 8,339 — 0.00% FTSE 10,469 ▼ 0.27% MIB 52,675 ▲ 0.11% IBEX 19,377 ▼ 0.04% STOXX 639.58 ▼ 0.24% EUR/USD 1.1427 ▲ 0.07% GBP/USD 1.3390 ▼ 0.06% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.41 ▲ 9.18% USD/CAD 1.4139 ▼ 0.09% US10Y 4.5690 ▲ 0.66%
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Brazil Life & Society

Brazilian Senate President Considering Vote on Welfare Reform Next Week

By · September 5, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – Senate President, Davi Alcolumbre, is working on the feasibility of a plenary vote on the Proposed Amendment to the Constitution (PEC) of the Social Welfare Reform on Wednesday next week, September 11th.

"There is some disagreement over deadlines, but if there is no objection from party leaders or political parties, we will try to set it for Wednesday next week, in the first round.
“There is some disagreement over deadlines, but if there is no objection from party leaders or political parties, we will try to set it for Wednesday next week, in the first round,” says Davi Alcumbre.
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“There is some disagreement over deadlines, but if there is no objection from party leaders or political parties, we will try to set it for Wednesday next week, in the first round. If the understanding and the agreement does not jeopardize the calendar, we can defer it to the next week to try to comply with the procedure agreement,” the senator said to journalists.

After an almost ten-hour session, the Justice and Constitution Committee (CCJ) approved the base text of the PEC of the Social Welfare reform and its amendments on Wednesday afternoon, September 4th.

Now, the proposal proceeds to the plenary, where it will run the gamut of five discussion sessions before going for the first round of voting.

The vote in the second round is scheduled for October 10th. The Senate president is optimistic about approval next month. “Our deadline is still what we have established in the agreement, which is to vote on the PEC on October 10th and to set up a session for enactment”.

Out of the hundreds of individually proposed amendments, only one was approved. This amendment, authored by Senator Eduardo Braga (MDB-AM) stipulates that pensioners will not receive less than one minimum wage.

The remaining amendments have been rejected. There would be a decrease in revenue for the federal government, as argued by the government leader in the Senate, Fernando Bezerra (MDB-PE). A few amendments had a narrow loss, such as the one proposing the maintenance of the current rule to receive the salary bonus.

Simone Tebet (MDB-MS), CCJ president rejected it. With this rejection, the PEC keeps the provision that the benefit will only be paid to those who earn up to R$1,364 per month, and not R$2,000, as is currently the case.

Among the other rejected amendments were some suggesting the reduction of the minimum age for retirement in the general regime, the reduction of the minimum age for professions involving exposure to materials harmful to health and those that called for a full pension payment to mothers after their children had reached the age of majority.

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