Brazil

Saturday, September 23rd 2017 - 10:01 UTC
Brazilian central bank optimistic about next year; growth 2,2% and inflation 4.3%

Brazil’s central bank trimmed its inflation forecast on Thursday and said it expected economic growth to pick up into next year, painting a rosier picture for Latin America’s largest economy as interest rates approach record lows.
Friday, September 22nd 2017 - 09:07 UTC
Brazil fears Venezuelan default on US$ 5bn contracts: it missed US$ 262m payments

Brazilian officials plan to visit Venezuela next week to prevent Caracas from defaulting on contracts worth as much as US$5 billion after falling in arrears on a payment due to infrastructure contractors this month, newspaper Folha de Sao Paulo reported on Thursday.
Thursday, September 21st 2017 - 08:09 UTC
Why would I like to meet my neighbors in the Falkland Islands?

The Government of the Falkland Islands and the British Embassies in Uruguay, Brazil and Chile invite university students to participate in a regional competition to visit the Falkland Islands.
Wednesday, September 20th 2017 - 22:26 UTC
Petrobras recovers significant investment risk and trims debt burden

Petrobras raised US$2 billion from the sale of seven- and 10-year securities, replacing more expensive shorter-dated bonds as it seeks to trim a debt burden that is the largest among major oil firms. Petrobras sold US$1 billion each worth of senior unsecured bonds due in 2025 and 2028, respectively. Market experts said Petrobras sold the January 2025 bond at a yield of 5.3%, and the January 2028 bond at 6%.
Wednesday, September 20th 2017 - 21:58 UTC
New record for president Temer: 3,4% believe he is doing a great job, according to latest opinion poll

Approval for Brazilian President Michel Temer's government has plummeted, according to a poll published on Tuesday, as the scandal-plagued leader faces new corruption charges and struggles to push his economic reform agenda through Congress.
Wednesday, September 20th 2017 - 08:07 UTC
Temer: “We need more diplomacy, we need the UN more than before”

The President of Brazil, the first Head of State traditionally to address the annual United Nations General Assembly’s general debate, pledged on Tuesday that his country will sign the Treaty on the Prohibition of Nuclear Weapons – reiterating that the nuclear powers undertake additional disarmament.
Wednesday, September 20th 2017 - 08:00 UTC
Brazil's new top prosecutor reshuffles corruption investigation team: Mensalao “veterans” take over

Brazil's new top federal prosecutor on Tuesday reshuffled the team of investigators in charge of pursuing the biggest corruption probe yet conducted in Latin America's largest nation.
Wednesday, September 20th 2017 - 01:40 UTC
Odebrecht sells stake of massive subway project in Buenos Aires

Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33% stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country.
Tuesday, September 19th 2017 - 20:06 UTC
Brazil August beef exports increase 34% year on year: 145.822 tons

Brazil’s total beef exports in August rose by 34% year-on-year both by volume and in revenue terms, industry group Abiec said on Monday, indicating the worst of a food safety scandal that rocked Brazil’s protein industry may be over.
Tuesday, September 19th 2017 - 10:20 UTC
Brazil's new prosecutor general sworn in: “People will not tolerate corruption and demand results”

The new prosecutor general tasked with leading Brazil's anti-corruption drive was sworn in on Monday, and said she would continue her predecessor's campaign against graft in Latin America's biggest nation.