Brazil's 2016/2017 crop is expected to reach 238.7 million tons which is 28% higher than the previous year, because of better climate conditions and improved productivity, according to Conab, the country's agriculture stats and food supply company. This includes 114 million tons of soybeans and 97.71 million tons of corn.
Brazilian aeronautical company Embraer plans to analyze the possibility of building a factory in China to manufacture jet aircraft for the commercial aviation segment, the company’s chief executive said.
The former chairman of the world’s largest meatpacker, whose testimony implicated Brazil’s president in corruption, turned himself in to police Sunday after the country’s Supreme Court ordered his arrest.
Brazil's central bank slashed its key interest rate this week by a full percentage point to 8.25%, the eighth consecutive cut as the country slowly exits a painful recession. The one percentage point fall in the base Selic rate had been predicted by markets and matched a previous cut in July.
With a robust Harvest Plan coupled with support and development tools organized by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017. Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion (some US$ 10bn) to the country's GDP.
A former finance minister and close confidant of Brazil’s Lula da Silva accused the ex-president of receiving bribes from contractor Odebrecht, adding to a list of corruption accusations that threaten Lula’s ability to run for president in 2018.
Brazil’s top prosecutor on Tuesday charged former Presidents Lula da Silva and Dilma Rousseff along with fellow Workers Party members with forming a criminal organization, the latest accusations in Brazil’s sprawling corruption scandal
Brazilian President Michel Temer faces a tougher battle to quash an imminent second corruption charge because he has lost support among disgruntled members of his governing coalition in Congress, the country's lower house speaker said.
Brazilian and French authorities said on Tuesday they uncovered an international corruption scheme aimed at buying votes in awarding the 2016 Olympics. It is the latest allegation to tarnish the legacy of the Rio Games, the first Olympics in South America.
JBS USA, a unit of São Paulo, Brazil-based meat packing giant JBS SA, has formed an independent advisory board that will provide counsel to the company’s executive leadership on corporate governance, government and regulatory affairs and other matters.