Britain successfully lobbied Brazil on behalf of BP and Shell to address the oil giants’ concerns over Brazilian taxation, environmental regulation and rules on using local firms, government documents reveal, according to a piece published in The Guardian.Add your comment!
A new boss took over Brazil's federal police on Monday despite criticism that he would block a probe into unpopular Brazilian President Michel Temer, who is being investigated by the force. Several Brazilian media outlets reported that Fernando Segovia's appointment was supported by government ministers also implicated in federal police investigations.3 comments
Visiting Brazil will soon become easier for international travelers under a new electronic visa program, starting on January 15. The entire visa process to tourists coming from the U.S., Canada, Australia and Japan will be doable online, and concluded within an estimated 72 hours.4 comments
Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.1 comment
Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%2 comments
Brazil’s President Michel Temer will start a cabinet reshuffle that should be completed in mid-December, his press office said on Monday without providing a reason for the change. he announcement came after the resignation on Monday of Bruno Araujo, head of the Ministry of the Cities, one of four ministries held by the centrist PSDB party in Temer’s government.1 comment
Brazil's Embraer and American Airlines Inc. signed a firm order for ten E175 jets. American Airlines is exercising its purchase rights from its original contract with Embraer signed in 2013. This new order is in addition to the one placed in April for four aircraft; is valued at US$ 457 million, based on current list prices, and will be included in Embraer’s fourth-quarter backlog. Deliveries begin in 2018 and continue through mid-2019.
The number of violent deaths registered during 2016 in Brazil reached 61,600, a 4.7% increase compared to the previous year. This works out to seven people murdered per hour, on average, throughout the country, according to data from the Brazilian Forum on Public Safety released this week.
As other countries and companies such as Facebook try to deal with fake news and online manipulation issues, Brazil is looking to implement rules to reduce the deluge of false stories that could mislead voters. The country's Superior Electoral Court (TSE) is looking at ways to monitor fake news in next year's presidential elections as well as holding politicians accountable for fraudulent digital campaigns.
Brazil’s congress needs to reform the country’s pension system while global markets are favorable or risks facing more volatility, central bank chief Ilan Goldfajn said during an event in Uruguay.