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Montevideo, March 19th 2024 - 02:20 UTC

Brazil

  • Monday, June 11th 2018 - 08:26 UTC

    Brazilian leading presidential candidate softens attitude towards China

    “I don’t want any country buying up Brazil, but we will do business with all countries and China is an exceptional partner,” Bolsonaro told reporters

    Rightwing presidential candidate Jair Bolsonaro said that China was an “exceptional partner” of Brazil, softening earlier criticism that Chinese investors were taking over Latin America’s largest economy. “We will continue being a partner of China,” Bolsonaro said when asked how he would treat Chinese investments if he wins the October election.

  • Saturday, June 9th 2018 - 08:29 UTC

    Brazilian consumer prices climb 0.4% in May; impact of truckers strike and fuel prices expected in June

    Slowing inflation over the past two years has led the central bank to cut its benchmark Selic rate to a record low of 6.5% from 14.25% in October of 2016.

    Brazil's 12-month inflation accelerated in May from April amid strong fuel prices. Consumer prices rose 0.40% in the month, compared with an increase of 0.22% in April, statistics agency IBGE said on Friday. The consumer price index advanced 2.86% in May from a year earlier, up from April's 2.76% pace.

  • Friday, June 8th 2018 - 08:35 UTC

    Temer denies any risk of a currency crisis; Central bank pledges “all the necessary liquidity”

    Investor confidence in Temer's government was shaken after it was forced to reinstate costly fuel subsidies following a strike by truckers

    Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.

  • Friday, June 8th 2018 - 08:28 UTC

    China plans temporary anti-dumping measures on Brazilian broilers

    Brazil accounted for more than 50% of broiler products supplied to China, world’s No. 2 poultry consumer, between 2013 and 2016, the commerce ministry said

    China will impose temporary anti-dumping measures on Brazilian broiler chickens from June 9, the commerce ministry said on Friday, after finding in a preliminary ruling that its domestic industry has been substantially damaged by the imports. Local firms buying Brazilian chicken will be required to pay deposits ranging from 18.8% to 38.4% of the value of their shipments, the ministry said in a statement. The measures cover products supplied by top Brazilian exporters JBS and BRF.

  • Friday, June 8th 2018 - 08:25 UTC

    Brazil launches massive package of soft loans for agriculture, US$ 51.13bn

    The loans and credit lines will be accessible to producers starting July 1 and through June 30, 2019, Maggi said

    Brazil announced on Wednesday evening that it has earmarked up to 194.3 billion Reais or US$ 51.13bn in loans to promote large and medium-sized agricultural producers. At a ceremony in the capital Brasilia, President Michel Temer and his Agriculture Minister Blairo Maggi unveiled the government's “2018-19 Agriculture and Cattle Ranching Program”, which devotes slightly more resources to the sector than last year's 190.25 billion Reais (US$ 50.06 billion).

  • Thursday, June 7th 2018 - 09:04 UTC

    Brazilian currency falls amid rising investor worries and political turmoil

    Driving the currency’s decline are apprehension over recent labor unrest, shaky economic growth and a presidential election slated for October.

    The Brazilian currency has fallen to its lowest level against the dollar in more than two years, amid rising investor worries over recent economic and political turmoil. The Real is down 14% this year, near its lowest levels since March 2016. On Wednesday in New York, the dollar bought 3.8534 Reais, versus 3.8087 Reais late Tuesday.

  • Thursday, June 7th 2018 - 08:53 UTC

    With Lula out of the presidential race, far-right candidate Bolsonaro is the clear frontrunner

    The former army captain Bolsonaro says he would include generals in his cabinet and allow police to shoot criminals dead if they are fired at.

    Far-right presidential candidate Jair Bolsonaro is the clear frontrunner in Brazil’s election in October with up to 25% of voter support, followed by center-left populist Ciro Gomes with 12%, a new poll revealed on Tuesday.

  • Wednesday, June 6th 2018 - 08:38 UTC

    Brazil industrial production returned to positive growth during April

    April reported good returns for oil derivatives and bio-fuels, up 5.2%, while automotive production grew by 4.7%.

    Brazilian industrial production increased 0.8% in April, marking a return to positive growth after dropping by 0.1% in March, the government announced on Tuesday. According to the report by Brazil's statistics bureau, IBGE, the industrial sector has grown 4.5% so far in 2018.

  • Wednesday, June 6th 2018 - 08:32 UTC

    Brazil declared by OIE free of FMD with vaccination

    OIE Director general Monique Eloit delivered the certificate to Blairo Maggi, Brazil’s minister of Agriculture, Livestock and Food at OIE headquarters in Paris

    The World Organization for Animal Health (OIE) has officially declared Brazil as a country free from Foot-and-Mouth Disease (FMD) with vaccination. The decision for this occurred late May, in Paris. The decision took place after approval last year from the OIE’s scientific committee, which is constituted by 181 member states.

  • Wednesday, June 6th 2018 - 08:27 UTC

    Brazil's central bank survey lowers 2018 growth forecast to 2.18%

    The downgrade was blamed on a slower than expected rate of economic recovery and crippling truckers' strikes in May

    Brazil's financial market has downgraded its 2018 economic growth forecast from 2.37% to 2.18%, according to a Focus poll released on Monday by the Central Bank. Four weeks ago, a similar survey of the country's leading financial institutions showed GDP was expected to expand 2.7%.