Brazilian President Michel Temer said this week that his administration has taken the country out of debt and successfully overcome the brutal economic recession of the past two years.
Brazil on Wednesday lashed out at a demand by former European leaders for disgraced ex-president Lula da Silva to be allowed to take part in elections this year. A group of former EU left leaning leaders, including French ex-president Francois Holland and Spanish former prime minister Jose Luis Rodriguez Zapatero, called Lula's imprisonment for corruption hurried and said he should be free to present himself before Brazilian voters.
Brazil's central bank unexpectedly left its benchmark interest rate unchanged on Wednesday, citing a more challenging and volatile situation in world economies. The bank left its benchmark Selic rate at an all-time low of 6.5%, after signaling at its previous meeting it would cut at least once more.
Antonio Hamilton Mourao, a reserve general in Brazil’s military, has joined the Brazilian Labour Party (PRTB) days before the deadline, which would allow him to run for president in the October’s general elections. His registration was made public Wednesday, shortly after presidential hopeful Joaquim Barbosa confirmed that he would not be a candidate in the election.
Brazil will surpass the United States as the largest producer of soybeans this year, taking over the top ranking for the first time in history, oilseeds crusher group Abiove said on Friday. The U.S. is expected to harvest 116.48 million tons of soybeans later on in 2018, falling short of Brazil’s estimated collection of 117 million tons for its crop year that is just drawing to a close, Abiove said, citing United States Department of Agriculture figures released on Thursday.
The president under Brazil's military dictatorship in the 1970s personally authorized executions of subversives, according to a declassified CIA document published on Friday in the Brazilian media. President Ernesto Geisel ruled Brazil from 1974 to 1979, toward the end of the country's two decade long military dictatorship.
South America, including the Falkland Islands, has the highest number of planned and announced floating production, storage, and offloading units (FPSOs) to be commissioned by 2025, according to a report by GlobalData. World wide 74 planned and announced FPSOs are set to become operational for the outlook period between 2018 and 2025.
Brazil's former President Luiz Inacio Lula da Silva reiterated on Thursday his intention to run for a third presidential term. Lula was jailed on April 7 and is serving a sentence of 12 years and one month for corruption and money laundering.
Brazil's inflation rate unexpectedly slowed in April and kept far below the official target, suggesting a recent period of currency weakness is unlikely to keep the central bank from cutting interest rates next week.
Paraguayan authorizes have issued an arrest warrant for a man President Horacio Cartes has described as his soul brother as part of a sweeping investigation into corruption in Latin America.