Thursday, February 11th 2016 - 05:40 UTC

Brazil reopens crucial waterway for transporting soy; water was used to generate power

On Monday a barge train passed downstream on the Tiete River through the locks at the Nova Avanhandava hydro-dam for the first time since 2014, the paper said.

Brazil's Tiete-Parana waterway, a key transport corridor for soybeans, corn, cellulose, fertilizer and other agricultural products, has reopened after a 20-month closure due to drought and the use of water for electricity, the Estado de S. Paulo newspaper reported this week.

Saturday, February 6th 2016 - 05:31 UTC

Brazil's inflation at 12-year high in January driven by food and transportation prices

Food prices jumped 2.28% in January from 1.50% in December as a strong El Niño weather pattern caused floods and disrupted production of fresh vegetables

Brazil's inflation rate rose to a 12-year high, officials said on Friday, as Latin America's largest economy continues to struggle through a protracted recession. Driven by rising food prices, the annual inflation rate hit 10.71%, the highest since November 2003 and well beyond the central bank's target ceiling of 6.5%, said national statistics institute IBGE.

Friday, February 5th 2016 - 08:27 UTC

Recession biting in Brazil: record net savings withdrawals in January

Brazilians withdrew 161.59 billion Reais (some $41.52 billion) and deposited 149.56 billion Reais (around $38.43 billion) last month.

Net savings withdrawals in Brazil rose to a record high in January, with deposit outflows exceeding inflows by 12.03 billion Reais (some $3.09 billion), the Central Bank said Thursday.

Friday, February 5th 2016 - 07:46 UTC

Brazil's 'corrupt' government hurting business and agriculture, says Agco CEO

Martin Richenhagen, chairman and CEO of Agco, manufacturer of Fendt, Massey Ferguson and Valtra machinery, claimed “politicians right now don't listen”

Brazil's “corrupt” government is hurting the country's business sector, including in agriculture, the head of one of the world's biggest tractor-makers said. Martin Richenhagen, chairman and CEO of Agco, manufacturer of Fendt, Massey Ferguson and Valtra machinery, claimed he tried, and failed, to persuade Brazil's government to speed up the payment of agriculture support programs used by farmers for funding equipment purchases.

Friday, February 5th 2016 - 07:41 UTC

Brazil: health workers can enter private properties to crush Zika breeding grounds

Brazilian law expert Luiz Flavio Gomes sees no reason for people to be distressed, as Rousseff's mandate would play a huge role in curbing the spread of Zika virus.

Brazilian president Dilma Rousseff implemented a nationwide mandate this week allowing government health workers to enter private properties to crush Zika breeding grounds. Exterminators now have the right to inspect and disinfect households, even without the presence of its owners.

Friday, February 5th 2016 - 07:17 UTC

Lula da Silva included in criminal investigation involving bribes

Police Chief Oliveira Cajado dos Santos wrote the document into the investigation of ex president Lula

Brazil's federal police have included former President Luiz Inácio Lula da Silva in an investigation into the possible use of bribes to influence the passage of legislation benefiting the auto sector, a court document showed on Thursday.

Wednesday, February 3rd 2016 - 07:10 UTC

Chilean football fans vandalize Malvinas memorial in Rosario: 46 arrests

The Chileans are accused of damages to “public property” for having defaced, scribbled with graffiti, torn benches and perpetrated other offensive actions

Two of the 46 Chileans arrested on Monday for vandalism against a Malvinas Fallen Monument in Argentina's second largest city, Rosario, were still waiting on Tuesday for the prosecutors' charges before going before a federal judge. During the first hearing, advised by a government supplied lawyer, the Chileans abstained from making any statement while demanding to be set free.

Wednesday, February 3rd 2016 - 07:04 UTC

Harsh time for Rousseff in Congress: booing and threats of more difficulties

Rousseff's participation at the ceremony was a gesture of rapprochement toward Congress, as in previous years she had delegated the task on one of her ministers.

Brazilian Congress gave on Tuesday a harsh welcome to President Dilma Rousseff at its yearly inaugural session, booing her and threatening new “difficulties” added to the turbulent relations that prevail between the executive and legislative branches.

Wednesday, February 3rd 2016 - 06:55 UTC

Brazil factories and mine production plunges 8.3% in 2015, with little prospects of change in the short term

“2015 was quite a negative year for the sector,” CNI chief economist Flavio de Castelo Branco said, adding the industrial workforce was down 6.1%

Industrial output in Brazil fell for a seventh straight month in December, capping the worst year for manufacturers in more than a decade as they struggle with inflation, high interest rates and political uncertainty.

Wednesday, February 3rd 2016 - 06:15 UTC

Brazil airline shares soar as regulator admits opening to foreign capital

Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

Brazilian airline shares soared nearly 30% on Monday after a newspaper report said the government may scrap limits on foreign ownership of domestic airlines to attract investment to the struggling sector. President Dilma Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.


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