Manufacturing activity in Brazil expanded in October as strong demand prompted firms to increase payrolls for the first time in three months, bolstering the outlook for a steady economic recovery. The Purchasing Managers' Index calculated by research firm Markit rose to 51.1 from 50.9 in September, holding above the 50 threshold separating a contraction from an expansion for a fourth straight month.
Brazil’s National Supply Company (Conab) has released its monthly report this week, and it projects that the country will produce 119.4 million metric tons. Last season, the country produced 119.2 million metric tons. The surface would jump from 86.7 million acres to 89.2 million acres.
Latin American stocks soared on Thursday with Brazil shares touching an all-time high and Argentina's Merval stock index jumping 6,2%, as global risk appetite recovered on strong corporate earnings and signs that the Sino-U.S. trade war could be contained.
Brazilian authorities said on Thursday they were investigating an alleged attempt to obstruct their investigation into the execution-style killing of an outspoken Rio de Janeiro councilwoman and her driver earlier this year.
Brazil’s President-elect Jair Bolsonaro said on Thursday his future administration may keep the agriculture and the environment ministries separate, backtracking from a proposal to combine the two that had alarmed environmentalists.
Brazilian far-right President-elect Jair Bolsonaro has convinced crusading anti-graft Judge Sergio Moro to become his justice minister, the two said on Thursday, delighting supporters and enraging critics “by hiring the jurist who jailed Bolsonaro's chief political rival”.
Brazil's far-right president-elect Jair Bolsonaro promised to move his country's embassy in Israel to Jerusalem, the newspaper 'Israel Hayom' reported Thursday.
Brazil’s central bank on Wednesday held interest rates at an all-time low less than a week after the victory of far-right lawmaker Jair Bolsonaro in presidential elections allayed fears of a currency sell-off.
Russia's agriculture safety watchdog said on Wednesday it would allow imports of beef and pork from nine Brazilian plants beginning on Thursday, ending an 11-month ban triggered by concerns about the safety of their meat products.
Brazil’s environment and agriculture ministers on Wednesday criticized President-elect Jair Bolsonaro’s plans to merge their departments, saying it would hurt the country’s agenda on both fronts. Bolsonaro has pledged to roughly halve the number of existing ministries in an effort to reduce bureaucracy and government bloat. He also vowed to merge the planning, finance and industry ministries into one super ministry.