Soybean planted area in Brazil is forecast to set a record for the ninth consecutive year at 35.8 million hectares, according to an April 24 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.
Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.
Brazil's ex-president Lula, who is imprisoned for corruption, on Tuesday gave his Workers' Party (PT) the green light to find a new candidate for the October presidential election in which he remains the frontrunner. “I want you to feel totally free to take whatever decision you need because 2018 is an important year for the PT, for the left and for democracy,” wrote Lula da Silva in a letter to the party leadership.
At least 15 of the 20 candidates who might run for president of Brazil in the October elections are targeted in more than 160 cases in courts throughout the country. Cases range from investigations in the Lava Jato operation to traffic offenses, and while in some cases would-be candidates are still only under investigation, in others they are either accused, or defendants, or have been sentenced – one of them was even arrested: former president Lula da Silva (PT), who is currently leading the poles.
By Mathew Smith<br />
After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.
Brazil's top army commander made another foray into political commentary, warning that corruption poses a threat to democracy in Latin America's biggest country. The comment by General Eduardo Villas Boas was his second high-profile remark on the state of Brazil's democracy this month, going against an unwritten rule that high-ranking military officers keep out of politics.
Brazil's policy makers welcomed an upward revision of the country's growth by the International Monetary Fund, while downplaying the fact its estimate remains lower than others.
Brazil has secured World Trade Organization backing to press its claims against Canada in a dispute over what it says are unfair subsidies for Bombardier Inc.’s CSeries jets, a preliminary WTO ruling published this week showed.
Members of the Brazilian Socialist Party (PSB) celebrated on Thursday their newest member, potential presidential candidate and former Supreme Court Justice Joaquim Barbosa, whose debut in a national poll stoked hopes for his potential.
Europe’s decision to ban meat imports from several Brazilian suppliers affects 30 to 35% of the country’s exports to the bloc and will force companies to find new markets while officials work to reverse the measure, Brazil’s Agriculture Minister said.