Highlights from Valor's print edition

12:00 AM (GMT -03:00) - Thu, Mar 12th 2020 POLITICSInterest futures spike after Congress votes to raise spending Lawmakers overturned presidential veto to expanding BPC cash benefits, politically symbolic amid struggle with Bolsonaro over budget control BUSINESS Claro enters the race for Oi’s wireless assets Vivo and TIM have already expressed interest in partnering to buy the operation COMMENTARY Ribamar OliveiraThe solution is in the Supreme Court, not the streets Judiciary may need to solve impasse between government and Congress over budget earmarks MARKETSTime to keep markets working properly BUSINESSAES Tietê minority shareholders see Eneva offer as unattractive AGRIBUSINESSMarfrig in talks to buy Paraguay’s Frigonorte BUSINESSSemenzato raises fund to expand investments in services industry BRIEFS Philco to enter new markets amid fear with virus The global pandemic crisis caught Philco at a decisive moment for the company, which announced Wednesday its entry into the refrigerator, washing machine and smartphone markets, in addition to expanding its portfolio of white goods in general, electroportables and image and sound products. “We had it all going on. There was no way of stopping it,” CEO César Buffara said. “The moment was not good to do any of this, not even the investment. We ended up arriving in a terrible moment. If we had time we would go back and wait until the market stabilized,” he admitted. The coronavirus crisis is already affecting the component production in Asia and the dollar's appreciation against the real will make products more expensive, Mr. Buffara said. Government calls for demonstrations on Twitter Economists prescribe fiscal stimulus to mitigate pandemic's effect Restriction of movement due to coronavirus could worsen impact on GDP BNDES CEO rules out counter-cyclical measures for now Economy Ministry downgrades GDP forecast to 2.1% from 2.4% Officials ready decision on Angra 3 partnership Estrella Galicia revives Brazilian brewery project