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Stock impact report

Brazil Reluctant to Pick Between US and China in Polarized World [Yahoo! Finance]

JBS S A S/ADR (JBSAY) 
NASDAQ:AMEX Investor Relations: jbss.infoinvest.com.br/?idioma=enu
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The idea that Brazil and other nations in the region shouldn't have to pick between close relations with the world's two largest economies was front and center at Bloomberg New Economy at B20 in Sao Paulo. Top executives said it was crucial in order to avoid trade barriers, and compromising commercial business and much-needed growth. That followed comments Tuesday evening from Brazil's agriculture minister calling for the country to join China's Belt and Road, the superpower's flagship global trade and infrastructure program. “Brazil is not interested in a cold war between US and China,” said Brazil's development bank President Aloizio Mercadante, adding that Brazil is one of six countries that has relations with all United Nations members. “We must have a relationship with China, which has to be realistic because we have to defend ourselves, their competitiveness in unsurmountable. But we need to engage into partnerships to bring investment to infrastr Show less Read more
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