IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▼ 0.07% USD/MXN 17.19 ▼ 0.01% USD/CLP 898.70 — 0.00% USD/COP 3,490 ▲ 0.00% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.54 — 0.00% USD/PYG 6,094 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 58.58 ▼ 0.17% USD/CRC 451.82 — 0.00% USD/GTQ 7.61 — 0.00% USD/HNL 26.65 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.87 ▼ 0.09% BRENT 83.34 ▼ 4.57% WTI 80.60 ▼ 5.04% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.36% GOLD 4,349 ▲ 3.19% SILVER 70.46 ▲ 3.83% SOY 1,109 ▼ 0.43% CORN 407.50 ▼ 1.27% WHEAT 572.75 ▼ 2.01% COFFEE 253.80 ▼ 0.06% SUGAR 14.16 ▲ 3.36% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.44 ▲ 4.80% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 — 0.00% VALE3 79.17 — 0.00% ITUB4 40.60 — 0.00% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 — 0.00% PRIO3 61.34 — 0.00% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 — 0.00% GMAT3 3.96 — 0.00% PSSA3 50.49 — 0.00% CVCB3 1.39 ▲ 5.30% POSI3 3.64 — 0.00% SLCE3 14.25 — 0.00% NATU3 8.56 — 0.00% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 — 0.00% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 — 0.00% VIVT3 33.53 — 0.00% RAIL3 13.36 — 0.00% KLABIN 16.88 — 0.00% RAIA DROGASIL 17.46 — 0.00% RDOR3 34.08 — 0.00% HAPV3 11.40 — 0.00% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 — 0.00% UGPA3 24.80 — 0.00% VBBR3 29.15 — 0.00% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 — 0.00% COMPASS 25.29 — 0.00% VAMOS 3.03 ▲ 3.06% SANB11 27.13 — 0.00% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 — 0.00% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 65,619 ▼ 0.14% ETH 1,718 ▼ 0.36% SOL 71.43 ▲ 0.37% XRP 1.18 ▼ 0.47% BNB 615.52 ▼ 0.09% ADA 0.18 ▼ 1.09% DOGE 0.09 ▼ 0.31% AVAX 6.77 ▼ 0.09% LINK 8.20 ▲ 0.39% DOT 1.00 ▲ 0.75% LTC 45.18 ▼ 0.39% BCH 213.20 ▲ 1.51% TRX 0.32 ▼ 0.05% XLM 0.19 ▼ 0.73% HBAR 0.08 ▲ 0.54% NEAR 2.38 ▲ 7.69% ATOM 1.96 ▼ 2.14% AAVE 71.41 ▲ 4.63% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 — 0.00% MBRF3 15.99 — 0.00% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% EGX 52,383 ▲ 0.75% USD/ZAR 16.17 ▼ 0.68% USD/NGN 1,360 — 0.00% NIKKEI 69,318 ▲ 4.99% CSI300 4,892 ▲ 2.39% HSI 24,831 ▲ 0.46% NIFTY 23,873 ▲ 1.06% KOSPI 8,546 ▲ 5.20% JCI 6,236 ▲ 3.81% USD/JPY 160.10 ▼ 0.05% USD/CNY 6.7565 ▼ 0.08% DAX 24,989 ▲ 1.43% CAC 8,448 ▲ 1.17% FTSE 10,515 ▲ 0.41% MIB 51,853 ▲ 0.69% IBEX 18,938 ▲ 0.92% STOXX 638.44 ▲ 0.83% EUR/USD 1.1612 ▲ 0.34% GBP/USD 1.3433 ▲ 0.19% SPX 7,431 ▲ 0.50% DJI 51,202 ▲ 0.70% NDX 29,636 ▲ 0.64% RUT 2,944 ▲ 0.79% TSX 34,938 ▲ 0.77% VIX 16.77 ▼ 5.15% USD/CAD 1.3971 ▼ 0.11% US10Y 4.4870 ▲ 0.54% IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▼ 0.07% USD/MXN 17.19 ▼ 0.01% USD/CLP 898.70 — 0.00% USD/COP 3,490 ▲ 0.00% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.54 — 0.00% USD/PYG 6,094 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 58.58 ▼ 0.17% USD/CRC 451.82 — 0.00% USD/GTQ 7.61 — 0.00% USD/HNL 26.65 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.87 ▼ 0.09% BRENT 83.34 ▼ 4.57% WTI 80.60 ▼ 5.04% IRON ORE 161.91 — — COPPER 6.52 ▲ 1.36% GOLD 4,349 ▲ 3.19% SILVER 70.46 ▲ 3.83% SOY 1,109 ▼ 0.43% CORN 407.50 ▼ 1.27% WHEAT 572.75 ▼ 2.01% COFFEE 253.80 ▼ 0.06% SUGAR 14.16 ▲ 3.36% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.44 ▲ 4.80% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 — 0.00% VALE3 79.17 — 0.00% ITUB4 40.60 — 0.00% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 — 0.00% PRIO3 61.34 — 0.00% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 — 0.00% GMAT3 3.96 — 0.00% PSSA3 50.49 — 0.00% CVCB3 1.39 ▲ 5.30% POSI3 3.64 — 0.00% SLCE3 14.25 — 0.00% NATU3 8.56 — 0.00% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 — 0.00% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 — 0.00% VIVT3 33.53 — 0.00% RAIL3 13.36 — 0.00% KLABIN 16.88 — 0.00% RAIA DROGASIL 17.46 — 0.00% RDOR3 34.08 — 0.00% HAPV3 11.40 — 0.00% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 — 0.00% UGPA3 24.80 — 0.00% VBBR3 29.15 — 0.00% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 — 0.00% COMPASS 25.29 — 0.00% VAMOS 3.03 ▲ 3.06% SANB11 27.13 — 0.00% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 — 0.00% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 65,619 ▼ 0.14% ETH 1,718 ▼ 0.36% SOL 71.43 ▲ 0.37% XRP 1.18 ▼ 0.47% BNB 615.52 ▼ 0.09% ADA 0.18 ▼ 1.09% DOGE 0.09 ▼ 0.31% AVAX 6.77 ▼ 0.09% LINK 8.20 ▲ 0.39% DOT 1.00 ▲ 0.75% LTC 45.18 ▼ 0.39% BCH 213.20 ▲ 1.51% TRX 0.32 ▼ 0.05% XLM 0.19 ▼ 0.73% HBAR 0.08 ▲ 0.54% NEAR 2.38 ▲ 7.69% ATOM 1.96 ▼ 2.14% AAVE 71.41 ▲ 4.63% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 — 0.00% MBRF3 15.99 — 0.00% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% EGX 52,383 ▲ 0.75% USD/ZAR 16.17 ▼ 0.68% USD/NGN 1,360 — 0.00% NIKKEI 69,318 ▲ 4.99% CSI300 4,892 ▲ 2.39% HSI 24,831 ▲ 0.46% NIFTY 23,873 ▲ 1.06% KOSPI 8,546 ▲ 5.20% JCI 6,236 ▲ 3.81% USD/JPY 160.10 ▼ 0.05% USD/CNY 6.7565 ▼ 0.08% DAX 24,989 ▲ 1.43% CAC 8,448 ▲ 1.17% FTSE 10,515 ▲ 0.41% MIB 51,853 ▲ 0.69% IBEX 18,938 ▲ 0.92% STOXX 638.44 ▲ 0.83% EUR/USD 1.1612 ▲ 0.34% GBP/USD 1.3433 ▲ 0.19% SPX 7,431 ▲ 0.50% DJI 51,202 ▲ 0.70% NDX 29,636 ▲ 0.64% RUT 2,944 ▲ 0.79% TSX 34,938 ▲ 0.77% VIX 16.77 ▼ 5.15% USD/CAD 1.3971 ▼ 0.11% US10Y 4.4870 ▲ 0.54%
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São Paulo Politics - Brazil

Sao Paulo City to Invest in ‘Window Shows’ after Halting All Cultural Events

By · March 20, 2020 · 3 min read

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SÃO PAULO, BRAZIL – With all cultural centers, movie theaters, shows and cultural events suspended, the city of São Paulo announced on Thursday, March 19th, that it will invest R$ 10 million for ‘artistic productions out of windows of buildings and houses in the city’.

Brazil,"Janelas de São Paulo" is the new program from the state's secretary of culture with inspiration in Italians quarantined in their apartments in Italy.
“Janelas de São Paulo” is the new program from the state’s secretary of culture with inspiration in Italians quarantined in their apartments in Italy, photo internet reproduction.
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The project, dubbed ‘Janelas de São Paulo’ (São Paulo Windows), will include about 8,000 initiatives, and will cover, among other visual arts, theater, music and poetry, say officials. They noted they obtained the inspiration after seeing dozens of social media accounts from Italians, who, when faced with strict quarantine restrictions, opened their windows, went out on their balconies, and sang to their neighbors.

“The creative economy was growing; we are in a dramatic moment,” stated State Secretary for Culture and Creative Economy of São Paulo, Sergio Sá Leitão earlier this week.

According to Sá Leitão, the cultural sector is responsible for 3.9 percent of the state’s GDP (Gross Domestic Product). With the already announced closings and the rapid acceleration of the spread of the coronavirus in the state, officials estimate there will be a loss in business related to Culture of around half of the annual revenue, about R$34.5 billion. The loss is expected to be equivalent to 1.7 percent of the state’s GDP.

“We went from 100 to zero in two weeks. We were in a good moment and now the expectation is that this situation will last at least another three months,” added the official.

Brazil, São Paulo,MASP museum is perhaps the best known museum in São Paulo,
MASP museum, perhaps the best known museum in São Paulo, now closed. (photo by Edson Aoki:Creative Commons Wikimedia)

On Tuesday, São Paulo governor, João Doria, announced the immediate closure of museums, libraries, theaters and cultural centers in the State of São Paulo for up to 30 days.

On Wednesday, the state government announced it was releasing credit lines of R$275 million exclusively for the sectors of tourism, culture and the creative economy and commerce, noting that they would be the most impacted during the crisis caused by the increase in coronavirus cases.

“A subsidized credit line aimed at companies in the cultural and creative sector, tourism and commerce in general will be created through Desenvolve SP, with an interest rate of 1.2%, a grace period of 12 months and payment in up to 60 months,” said Sá Leitão.

Working capital financing will be available to companies in São Paulo with annual revenues between R$81,000 and R$90 million.

An author of studies on the impact of the cultural industry on the Brazilian economy, the coordinator of FGV Projetos, Luiz Gustavo Barbosa, warns that the sector will need help from the government to survive.

Brazil,Lollapalooza Brasil has been rescheduled to take place in São Paulo in early December.
Lollapalooza Brasil has been rescheduled to take place in São Paulo in early December, photo internet reproduction.

“What is crucial is that the loss of culture directly affects other sectors of the economy, such as tourism, construction, architecture, gastronomy, transport. All these supporting actors in the cultural scene amplify this negative impact. And, in the same way, if the sector is reactivated, they will amplify the positive economic results,” said Barbosa in a recent interview to a local magazine.

Among the events scheduled for the next two months and now postponed to the second semester are the Lollapalooza festival and DJ McFly. The SPArte, one of Latin America’s most important art events, has been cancelled and no future date has been set. The spring Sao Paulo Fashion Week, to be held in April, is cancelled this year but the organizer says they will only host the summer SPFW in October, as scheduled.

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