
With presidential elections in two weeks’ time, Brazil’s central bank cut its benchmark interest rate for the fifth straight time. The bank lowered the so-called Selic rate from 14% to 13.75%, and is part of a cycle that began in March after almost two years of rate hikes.

Brazil is expected to harvest a record 361.7 million metric tons of grains and fibers in the 2025/26 crop year, according to the latest estimate from Conab, the country’s food supply and crop agency.

Brazilian Supreme Court justice André Mendonça, rapporteur in the Banco Master case, on Tuesday lifted the secrecy order on a Federal Police report of more than two hundred pages containing messages sent by businessman Daniel Vorcaro, the bank's owner and currently in pre-trial detention, to his fellow justice Alexandre de Moraes.

Senator Flávio Bolsonaro, the Liberal Party's presidential candidate and Luiz Inácio Lula da Silva's main rival in October's elections, met on Sunday in São Paulo with El Salvador's justice and public security minister, Gustavo Villatoro, and announced he will incorporate into his programme measures inspired by President Nayib Bukele's security policy.

HMS Bulwark is to be sold to the Brazilian Navy, ending more than two decades of service with the Royal Navy, as UK focus turns to the future of amphibious assault ships.

US President Donald Trump signed a proclamation on August 26 temporarily waiving tariffs on imports of up to 300,000 tonnes of lean beef trimmings, a measure that excludes countries already holding their own quotas in the US market, among them Argentina and Uruguay. The main beneficiaries will be Brazil and Paraguay.

A delegation of Argentine deputies and senators from opposition parties will travel to Brasília next Wednesday with the aim of repairing bilateral relations, strained since President Javier Milei referred to his Brazilian counterpart, Luiz Inácio Lula da Silva, in offensive terms. The group is due to meet the Brazilian Senate's foreign relations committee, the foreign ministry and representatives of the presidency.

The number of Argentine residents leaving the country in July fell 21.2% year on year, to 1.22 million people, according to the international tourism statistics report released on Tuesday by the National Institute of Statistics and Censuses. In the opposite direction, 830,200 foreign visitors entered the country, 17.9% more than a year earlier.

Brazil's state-controlled Petrobras confirmed on Monday the presence of oil in the Morpho exploratory well, located in ultra-deep waters off the northern state of Amapá, in the Foz do Amazonas basin. The company cautioned that it cannot yet estimate the volume found or the viability of commercial production.

Brazil's two leading presidential candidates launched their campaigns for the October 4 elections on Sunday with rallies at the venues associated with their political trajectories. President Luiz Inácio Lula da Silva drew more than 10,000 supporters to the Vila Euclides stadium in São Bernardo do Campo, in São Paulo's industrial belt, while Senator Flávio Bolsonaro gathered his backers on Copacabana beach in Rio de Janeiro.