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MercoPress, en Español

Montevideo, April 26th 2024 - 11:37 UTC

Brazil

  • Thursday, August 10th 2017 - 20:05 UTC

    Brazil´s annualized inflation in July was 2.71%, the lowest since 1999

    IBGE statistics said prices rose 0.24% in July from the previous month, which had registered a monthly price drop of 0.23%, the first decline since 2006.

    Brazilian prices rose in July at an annual rate of 2.71%, the lowest for 18 years, the government statistics office said Wednesday. This was good news for consumers in Latin America's biggest economy, which is inching out of its deepest recession in history, and was considered likely to lead to sharper interest rate cuts.

  • Tuesday, August 8th 2017 - 20:00 UTC

    Brazilian economy on course to a modest growth (2%) next year

    “What we are seeing is a gradual recovery,” Goldfajn told the Jovem Pan radio station, but refused to speculate on fiscal targets' changes in view of falling revenue

    Brazilian Central Bank President Ilan Goldfajn said that Latin America's largest economy remains weak though it is on course to show modest growth next year. In an interview with a São Paulo radio station, he said Brazil may achieve growth of 2% in 2018 if the economy continues expanding at its current pace.

  • Tuesday, August 8th 2017 - 17:28 UTC

    Petrobras cuts gasoline prices to regain market share lost to imports

    Petrobras gasoline cost 0.16 real per liter less than U.S. imported gasoline in Brazil as of Aug. 1, according to data from the consultancy.

    Brazil's Petrobras has reduced prices for the gasoline it sells in Brazil to below parity with the fuel imported from the United States, reducing profit margins to regain market share. The company has sharply reduced the price gap between the value of gasoline sold at its refineries and the spot price in the U.S. Gulf of Mexico since early July, when it announced changes to its pricing to adopt almost daily adjustments, according to fuel market experts.

  • Tuesday, August 8th 2017 - 17:12 UTC

    Brazilian Attorney General describes president Temer as a “thug”

    “A political solution can’t be treating a thug as a politician,” Janot said. “A thug who hides behind politics is not a politician, but a thug.”

    Brazil’s attorney general strongly criticized Congress’ lower house on Monday for voting against putting President Michel Temer on trial for bribery, adding that plea bargains being negotiated could lead to charges of racketeering and obstruction of justice.

  • Monday, August 7th 2017 - 21:14 UTC

    Brazilian army troops storm Rio favelas to crack crime gangs

    Troops target was to stop gangs behind a surge in brazen robberies of commercial trucks. Rio state authorities say there were 10,000 cases of cargo theft last year.

    Thousands of Brazilian army troops raided Rio de Janeiro slums in a pre-dawn crackdown on crime gangs over the weekend, leaving parts of the city looking like a war zone on the first anniversary of the opening of the Olympic Games. Five favelas were targeted by around 1,300 police and 3,600 troops in a sweep starting at 4 a.m., the Rio state security service said in a statement.

  • Sunday, August 6th 2017 - 22:38 UTC

    Bumper crops anticipate tough corn battle between leading exporters US and Brazil

    Brazil's corn production in the 2016-17 season is forecast to surge 45% from a year ago to a record 106 million tons, according to the USDA.

    Brazilian farmers are in the midst of collecting their biggest corn harvest ever, and American supplies are also plentiful -- setting the stage for a stiff battle to win world buyers in the second half of the year.

  • Saturday, August 5th 2017 - 07:55 UTC

    Mercosur foreign ministers will discuss the Venezuela situation in Brazil

    Brazilian foreign minister Aloysio Nunes, will host the meeting when Mercosur will decide if to implement, or not, the Democratic Clause

    Mercosur foreign ministers are scheduled to meet this Saturday in Sao Paulo to decide on to how to address latest events in Venezuela, the fifth member of the group which remains suspended, and so far has not replied to calls to cancel the constituent assembly procedure and attempt some form of dialogue with the political opposition.

  • Friday, August 4th 2017 - 08:09 UTC

    Temer expected to retake reforms agenda with Congress, but how strong is he?

    Temer emboldened by a 263-227 vote to block the bribery charges, now wants to resume talks with legislators by early next week, gauging support for the reforms

    Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer. Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target.

  • Thursday, August 3rd 2017 - 23:14 UTC

    Brazilian economy struggling to climb out of deep recession

    Unemployment rate fell to 13% in the second quarter of 2017, reaching the lowest level of the year. The jobless rate was below the previous quarter (13.3%)

    Brazil revealed mixed economic reports: record trade surplus, slight drop in unemployment and a stable industrial output. The July trade surplus was US$6.298, according to government data. Exports totaled US$18.769 billion and imports US$12.471 billion. This follows a surplus of US$7.195 billion in June.

  • Thursday, August 3rd 2017 - 21:45 UTC

    Brazil's Judge Moro claims there is lack of interest from the political establishment to fight corruption

    “Unfortunately, I see the lack of a more vigorous attitude from Brazilian authorities regarding the problem of corruption,” said Moro (Pic AFP)

    Brazilian federal judge Sergio Moro, the man behind Brazil's largest ever corruption investigation, said there is still lack of interest from the country's political establishment to fight corruption, despite the political and economic crisis the practice sent the country into.