IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL5.05▼ 0.48% USD/MXN17.40▼ 0.09% USD/CLP936.45▲ 0.08% USD/COP3,205▼ 1.57% USD/PEN3.40▲ 0.08% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.15▼ 0.09% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.33▲ 0.25% USD/TTD6.71▲ 0.76% EUR/BRL5.76▼ 1.02% BRENT 93.57 ▲ 2.81% WTI 86.28 ▲ 1.61% IRON ORE 161.91 — — COPPER 6.48 ▼ 0.43% GOLD 4,136 ▲ 1.59% SILVER 59.98 ▲ 1.94% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.04 ▼ 0.06% PETR4 42.47 ▲ 1.94% VALE3 75.13 ▲ 4.00% ITUB4 42.89 ▲ 0.85% BBDC4 18.97 ▲ 2.26% ABEV3 16.05 ▲ 1.58% BBAS3 21.04 ▲ 0.77% B3SA3 15.85 ▲ 4.48% WEGE3 46.49 ▲ 9.47% PRIO3 59.90 ▲ 2.96% SUZB3 42.51 ▲ 2.11% RENT3 37.14 ▲ 1.61% AZZA3 17.70 ▲ 1.26% CSAN3 3.90 ▲ 3.17% RAIZ4 0.27 — 0.00% PCAR3 2.73 — 0.00% GMAT3 3.93 ▲ 2.61% PSSA3 55.46 ▲ 3.70% CVCB3 1.26 ▲ 12.50% POSI3 3.72 ▲ 1.09% SLCE3 13.89 ▲ 1.02% NATU3 8.73 ▲ 0.23% BRKM5 6.11 ▲ 7.01% RANI3 8.04 ▲ 1.90% CSNA3 5.40 ▲ 6.72% CMIN3 5.87 ▲ 5.20% USIM5 8.69 ▲ 2.72% GGBR4 24.04 ▲ 2.34% ENEV3 25.89 ▲ 1.85% CPFE3 46.48 ▲ 0.17% CMIG4 11.20 ▲ 1.63% EQTL3 39.53 ▲ 1.80% LREN3 13.48 ▲ 1.58% VIVT3 35.43 ▼ 1.03% RAIL3 13.63 ▲ 2.95% KLABIN 17.94 ▲ 1.99% RAIA DROGASIL 18.43 ▲ 1.65% RDOR3 34.54 ▲ 1.83% HAPV3 11.45 ▲ 1.87% FLRY3 16.67 ▲ 0.73% SMTO3 16.02 ▲ 2.82% UGPA3 32.80 ▲ 3.08% VBBR3 34.94 ▲ 2.92% BBSE3 42.69 ▲ 2.74% BPAC11 57.10 ▲ 3.12% CURY3 30.21 ▲ 0.87% AERI3 2.05 ▲ 0.49% VIVARA 21.52 ▲ 0.51% COMPASS 24.87 ▲ 1.76% VAMOS 3.24 ▲ 4.85% SANB11 26.86 ▼ 1.29% ASAI3 8.38 ▲ 1.58% SBSP3 29.30 ▲ 2.45% WALMEX 48.55 ▼ 1.22% GMEXICO 215.14 ▲ 2.95% FEMSA 227.76 ▲ 0.45% CEMEX 22.17 ▲ 0.45% GFNORTE 191.80 ▲ 3.23% BIMBO 60.24 ▲ 1.43% TELEVISA 9.87 ▲ 1.13% AMX 22.70 ▼ 0.26% GAP 377.27 ▼ 0.33% ASUR 273.55 ▼ 0.51% OMA 228.92 ▲ 1.18% KOF 182.88 ▲ 1.34% GRUMA 279.52 ▼ 1.09% KIMBER 38.78 ▲ 0.99% SQM-B 65,270 ▲ 1.13% COPEC 6,546 ▲ 1.48% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,030 ▲ 1.88% ENELAM 84.39 ▼ 0.17% CENCOSUD 2,010 ▼ 0.89% CMPC 1,074 ▼ 0.91% BANCO CHILE 192.20 ▲ 1.15% LATAM AIR 24.04 ▼ 0.66% YPF 82,600 ▲ 2.45% GGAL 8,280 ▲ 3.95% PAMPA 5,620 ▲ 2.65% TXAR 669.00 ▼ 1.47% ALUAR 973.00 — 0.00% TGS 9,915 ▲ 2.11% CEPU 2,412 ▲ 3.08% MIRGOR 16,950 ▲ 1.04% COME 43.26 ▲ 0.91% LOMA NEGRA 3,810 ▲ 5.69% BYMA 296.00 ▲ 1.28% TELECOM ARG 4,410 ▲ 3.64% ECOPETROL 16.70 ▲ 1.03% BANCOLOMBIA 84.65 ▲ 1.21% GRUPO AVAL 5.03 ▼ 1.28% CREDICORP 393.84 ▲ 0.70% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.07 ▲ 2.62% MERCADOLIBRE 1,800 ▼ 1.26% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.16 ▲ 0.02% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.55 ▼ 0.51% OMA AIRPORT 105.37 ▲ 1.09% AMX ADR 26.10 ▲ 0.04% FEMSA ADR 131.08 ▲ 0.56% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.09 ▲ 8.50% GERDAU 4.76 ▲ 2.59% LATAM ADR 51.22 ▼ 0.68% BTC 65,900 ▼ 0.91% ETH 1,928 ▼ 0.01% SOL 77.85 ▼ 0.33% XRP 1.14 ▼ 0.51% BNB 570.39 ▼ 0.56% ADA 0.17 ▲ 0.66% DOGE 0.07 ▼ 0.88% AVAX 6.62 ▲ 0.89% LINK 8.65 ▲ 0.08% DOT 0.84 ▼ 0.33% LTC 47.24 ▲ 0.91% BCH 219.60 ▼ 1.83% TRX 0.33 ▼ 0.26% XLM 0.19 ▼ 2.45% HBAR 0.07 ▲ 3.08% NEAR 1.86 ▼ 3.73% ATOM 1.47 ▼ 1.02% AAVE 97.98 ▲ 2.52% SELIC 14.25% EMBRAER 83.90 ▲ 1.51% EMBRAER ADR 66.13 ▲ 1.01% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.14 ▲ 6.82% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% EGX 53,932 ▼ 0.11% USD/ZAR16.39▼ 0.50% USD/NGN1,370▼ 0.55% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.14 — 0.00% USD/CNY6.77▲ 0.09% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD1.14▲ 0.15% GBP/USD1.34▼ 0.41% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,957 ▼ 1.03% TSX 35,484 ▲ 0.33% VIX 16.87 ▼ 1.06% USD/CAD1.41▼ 0.19% US10Y 4.6570 ▲ 0.63% IBOV 177,111.98 ▲ 2.18% IPSA 11,000.25 ▲ 0.42% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,367,917 ▲ 2.62% COLCAP 2,305.03 ▲ 0.16% BVL PERÚ 57,575.02 — — USD/BRL 5.05 ▼ 0.48% USD/MXN 17.40 ▼ 0.09% USD/CLP 935.77 ▲ 0.01% USD/COP 3,205 ▼ 1.57% USD/PEN 3.40 ▲ 0.08% USD/ARS 1,482 ▲ 0.30% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.15 ▼ 0.09% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.33 ▲ 0.25% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.76 ▼ 1.02% BRENT 93.57 ▲ 2.81% WTI 86.28 ▲ 1.61% IRON ORE 161.91 — — COPPER 6.48 ▼ 0.43% GOLD 4,136 ▲ 1.59% SILVER 59.98 ▲ 1.94% SOY 1,238 ▲ 1.54% CORN 484.25 ▲ 6.96% WHEAT 706.25 ▲ 4.17% COFFEE 318.05 ▼ 4.19% SUGAR 14.75 ▼ 0.87% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.36 ▲ 3.04% COCOA 5,353 ▼ 4.53% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.04 ▼ 0.06% PETR4 42.47 ▲ 1.94% VALE3 75.13 ▲ 4.00% ITUB4 42.89 ▲ 0.85% BBDC4 18.97 ▲ 2.26% ABEV3 16.05 ▲ 1.58% BBAS3 21.04 ▲ 0.77% B3SA3 15.85 ▲ 4.48% WEGE3 46.49 ▲ 9.47% PRIO3 59.90 ▲ 2.96% SUZB3 42.51 ▲ 2.11% RENT3 37.14 ▲ 1.61% AZZA3 17.70 ▲ 1.26% CSAN3 3.90 ▲ 3.17% RAIZ4 0.27 — 0.00% PCAR3 2.73 — 0.00% GMAT3 3.93 ▲ 2.61% PSSA3 55.46 ▲ 3.70% CVCB3 1.26 ▲ 12.50% POSI3 3.72 ▲ 1.09% SLCE3 13.89 ▲ 1.02% NATU3 8.73 ▲ 0.23% BRKM5 6.11 ▲ 7.01% RANI3 8.04 ▲ 1.90% CSNA3 5.40 ▲ 6.72% CMIN3 5.87 ▲ 5.20% USIM5 8.69 ▲ 2.72% GGBR4 24.04 ▲ 2.34% ENEV3 25.89 ▲ 1.85% CPFE3 46.48 ▲ 0.17% CMIG4 11.20 ▲ 1.63% EQTL3 39.53 ▲ 1.80% LREN3 13.48 ▲ 1.58% VIVT3 35.43 ▼ 1.03% RAIL3 13.63 ▲ 2.95% KLABIN 17.94 ▲ 1.99% RAIA DROGASIL 18.43 ▲ 1.65% RDOR3 34.54 ▲ 1.83% HAPV3 11.45 ▲ 1.87% FLRY3 16.67 ▲ 0.73% SMTO3 16.02 ▲ 2.82% UGPA3 32.80 ▲ 3.08% VBBR3 34.94 ▲ 2.92% BBSE3 42.69 ▲ 2.74% BPAC11 57.10 ▲ 3.12% CURY3 30.21 ▲ 0.87% AERI3 2.05 ▲ 0.49% VIVARA 21.52 ▲ 0.51% COMPASS 24.87 ▲ 1.76% VAMOS 3.24 ▲ 4.85% SANB11 26.86 ▼ 1.29% ASAI3 8.38 ▲ 1.58% SBSP3 29.30 ▲ 2.45% WALMEX 48.55 ▼ 1.22% GMEXICO 215.14 ▲ 2.95% FEMSA 227.76 ▲ 0.45% CEMEX 22.17 ▲ 0.45% GFNORTE 191.80 ▲ 3.23% BIMBO 60.24 ▲ 1.43% TELEVISA 9.87 ▲ 1.13% AMX 22.70 ▼ 0.26% GAP 377.27 ▼ 0.33% ASUR 273.55 ▼ 0.51% OMA 228.92 ▲ 1.18% KOF 182.88 ▲ 1.34% GRUMA 279.52 ▼ 1.09% KIMBER 38.78 ▲ 0.99% SQM-B 65,270 ▲ 1.13% COPEC 6,546 ▲ 1.48% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,030 ▲ 1.88% ENELAM 84.39 ▼ 0.17% CENCOSUD 2,010 ▼ 0.89% CMPC 1,074 ▼ 0.91% BANCO CHILE 192.20 ▲ 1.15% LATAM AIR 24.04 ▼ 0.66% YPF 82,600 ▲ 2.45% GGAL 8,280 ▲ 3.95% PAMPA 5,620 ▲ 2.65% TXAR 669.00 ▼ 1.47% ALUAR 973.00 — 0.00% TGS 9,915 ▲ 2.11% CEPU 2,412 ▲ 3.08% MIRGOR 16,950 ▲ 1.04% COME 43.26 ▲ 0.91% LOMA NEGRA 3,810 ▲ 5.69% BYMA 296.00 ▲ 1.28% TELECOM ARG 4,410 ▲ 3.64% ECOPETROL 16.70 ▲ 1.03% BANCOLOMBIA 84.65 ▲ 1.21% GRUPO AVAL 5.03 ▼ 1.28% CREDICORP 393.84 ▲ 0.70% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.07 ▲ 2.62% MERCADOLIBRE 1,800 ▼ 1.26% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.16 ▲ 0.02% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.55 ▼ 0.51% OMA AIRPORT 105.37 ▲ 1.09% AMX ADR 26.10 ▲ 0.04% FEMSA ADR 131.08 ▲ 0.56% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.09 ▲ 8.50% GERDAU 4.76 ▲ 2.59% LATAM ADR 51.22 ▼ 0.68% BTC 65,900 ▼ 0.91% ETH 1,928 ▼ 0.01% SOL 77.85 ▼ 0.33% XRP 1.14 ▼ 0.51% BNB 570.39 ▼ 0.56% ADA 0.17 ▲ 0.66% DOGE 0.07 ▼ 0.88% AVAX 6.62 ▲ 0.89% LINK 8.65 ▲ 0.08% DOT 0.84 ▼ 0.33% LTC 47.24 ▲ 0.91% BCH 219.60 ▼ 1.83% TRX 0.33 ▼ 0.26% XLM 0.19 ▼ 2.45% HBAR 0.07 ▲ 3.08% NEAR 1.86 ▼ 3.73% ATOM 1.47 ▼ 1.02% AAVE 97.98 ▲ 2.52% SELIC 14.25% EMBRAER 83.90 ▲ 1.51% EMBRAER ADR 66.13 ▲ 1.01% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.14 ▲ 6.82% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% EGX 53,932 ▼ 0.11% USD/ZAR 16.39 ▼ 0.40% USD/NGN 1,370 ▼ 0.45% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.14 — 0.00% USD/CNY 6.7725 ▲ 0.23% DAX 25,155 ▲ 0.58% CAC 8,438 ▲ 0.89% FTSE 10,717 ▲ 1.24% MIB 52,792 ▲ 0.97% IBEX 19,571 ▲ 0.99% STOXX 646.93 ▲ 0.58% EUR/USD 1.1414 ▲ 0.09% GBP/USD 1.3374 ▼ 0.04% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,957 ▼ 1.03% TSX 35,484 ▲ 0.33% VIX 16.87 ▼ 1.06% USD/CAD 1.4084 ▼ 0.16% US10Y 4.6570 ▲ 0.63%
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Latest News São Paulo

São Paulo’s Street Carnival Struggles with Sponsorship Issues

By · February 2, 2024 · 2 min read

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São Paulo’s street carnival is facing significant challenges this year, with over 129 carnival blocks withdrawing due to financial constraints.

These groups, often from the city’s outskirts, have been particularly affected by delayed sponsorship announcements, leaving them scrambling for support.

Emerson Boy of the Jegue Elétrico block, a fixture for 24 years, illustrates the impact of these delays on planning and execution.

Initially aiming to continue with three days of festivities, as in the previous year, financial hurdles forced a further reduction.

This situation underscores broader issues of disorganization and insufficient support from municipal authorities.

Gustavo Leman, leading the Tatuapé block in São Paulo‘s eastern zone, voiced similar concerns.

São Paulo's Street Carnival Struggles with Sponsorship Issues
São Paulo’s Street Carnival Struggles with Sponsorship Issues. (Photo Internet reproduction)
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Despite being a major draw for the area, attracting up to 50,000 participants, the block struggles to attract major brand sponsorships.

This year marks their most challenging yet in terms of securing funding, highlighting the discrepancies in support available to carnival blocks across different city regions.

Despite these setbacks, there’s a glimmer of hope, with local businesses stepping in to support some blocks.

However, the uncertainty surrounding these arrangements showcases the precarious situation facing many organizers.

Carnival Funding Dynamics in São Paulo

São Paulo highlights a record 536 carnival blocks, prepared for 15 million attendees, but Ambev’s sponsorship requires block-level negotiations.

Ambev’s sponsorship, following a R$26.6 million ($5.3 million) bid, is intended to cover city costs but leaves individual blocks to negotiate their sponsorships.

This arrangement has proven challenging for many groups.

The city allocates R$2.5 million to aid 100 blocks, easing reliance on private funding amid a decrease in cancellations.

Despite support, the drop from 213 to 129 cancellations signals ongoing challenges in São Paulo’s street carnival scene.

São Paulo’s cultural celebrations’ complexity underscores the need for sustainable funding, balancing private sponsorship and municipal support.

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