Wednesday, November 18th 2015 - 08:33 UTC

Rousseff aware of terrorism threat since Brazil is hosting the 2016 Olympics

The president admitted Brazil is not completely safe, especially given the 2016  Summer Olympic Games, and “Games in the past been targeted by terrorists”.

Brazilian President Dilma Rousseff said even when the country is far from the targets of the Islamic State (IS) militant group, it is not completely safe, local media reported. Rousseff commented on the recent terrorist attacks in Paris while attending the G20 Summit held in Turkey, saying that it seems that terrorist groups are more concentrated in the United States and Europe at this time.

Wednesday, November 18th 2015 - 08:22 UTC

Petrobras splinter union refuses to end strike and calls members to abandon offshore vessels

SindipetroNF members on 51 offshore units, including production platforms, drill-ships and support vessels, voted on Saturday against the offer

Brazilian oil workers union local responsible for the bulk of the country's oil and gas output told its members on Tuesday to abandon Petrobras vessels operating in the Campos Basin, Brazil's most productive oil district.

Wednesday, November 18th 2015 - 07:36 UTC

Brazil ready to sign an EU/Mercosur wide ranging trade agreement

“Mercosur proposal is ready and we are prepared to begin the exchange process immediately”, said minister Armando Monteiro in Sao Paulo

Paraguay's foreign minister Eladio Loizaga is in Brussels holding a round of talks with different European Union officials regarding the trade and cooperation agreement with Mercosur, while in Brazil Industry and foreign trade minister Armando Monteiro announced that Mercosur was finally ready to advance with a wide range proposal.

Tuesday, November 17th 2015 - 09:19 UTC

Rousseff again confirms Levy as (austerity) minister despite complaints from the ruling party

”I think the president of the PT (Rui Falcao) can have whatever opinion he wishes, but that is not the opinion of the government,” said Rousseff

Brazilian President Dilma Rousseff jumped to the defense of her embattled finance minister saying she would not be pressured into sacking him. Rousseff, fighting to save her second term presidency from threatened impeachment proceedings, said she was ignoring suggestions by the head of her own Workers' Party (PT) that Joaquim Levy should be dismissed.

Friday, November 13th 2015 - 09:23 UTC

Mine disaster: Brazil fines BHP Billiton and Vale; expects companies to pay cleanup costs

Rousseff, who overflew the disaster area said the fines could be followed by penalties from other federal or state agencies.

Brazilian President Dilma Rousseff has slapped preliminary fines worth 250 million Reais ($94 million) against a BHP Billiton-Value owned mine in Minas Gerais state where two dams burst, killing at least seven people.

Friday, November 13th 2015 - 09:10 UTC

Petrobras reports huge 3Q losses: sharp devaluation of the currency blamed

Petrobras posted losses of 3.76 billion Reais (1bn dollars) in the quarter, compared with a loss of 5.3 billion Reais a year earlier.

Brazil's scandal-plagued state oil giant Petrobras on Thursday announced third-quarter losses of about US$ 1 billion, mainly due to the sharp devaluation of the Brazilian currency.Petrobras, mired in a hugely damaging scandal involving bribes and high-level political payoffs, posted losses of 3.76 billion Reais in the quarter, compared with a loss of 5.3 billion Reais a year earlier.

Friday, November 13th 2015 - 08:54 UTC

Brazil's main opposition party insists in removing speaker of the Lower House

PSDB lawmakers said it was unacceptable that the third-most powerful person in the country be accused of corruption and money laundering.

The Brazilian Social Democracy Party (PSDB), the largest opposition force in the country, demanded that the president of the Chamber of Deputies, Eduardo Cunha, be removed from office for alleged involvement in corruption detected in state oil company Petrobras.

Thursday, November 12th 2015 - 10:04 UTC

Brazil increases soybean forecast output to 102.8m tons for the 2015/16 season

Growers may reap between 101.2 million to 102.8 million metric tons of the oilseed in the 2015-2016 season, Conab said this week.

The Brazilian government increased its forecasts for what’s already expected to be a record season for soybean output and exports as farmers expand the planted area while yield prospects rise on above-average rainfall.

Thursday, November 12th 2015 - 08:16 UTC

Brazilian ex-central bank orthodox president is back on stage called by Lula da Silva

Meirelles and Finance Minister Joaquim Levy delivered speeches to business leaders in Brasilia after having lunch together

Brazil's former central bank chief Henrique Meirelles said on Wednesday he was not invited to take over the finance ministry and insisted the government needs to push ahead with unpopular austerity measures to pull the economy out of recession.

Thursday, November 12th 2015 - 08:07 UTC

Petrobras striking workers consider salary offer but insist the company must reverse investment cuts

 At $130 billion, Petrobras' debt is the largest in the oil industry. The strike, which cut output from oil fields and refineries, is also the biggest in 20 years.

Brazil's energy giant Petrobras offered striking workers a 9.54% wage hike on Wednesday in an effort to end a 10-day strike and prevent it from causing further production losses. But union officials said the deal makes almost no concessions on their most important demands. These include calls on Petrobras to reverse investment cuts and block planned assets sales designed to reduce Petrobras' debt.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!