Brazil

Monday, April 17th 2017 - 08:13 UTC
Brazil's Odebrecht in nine years paid out bribes equivalent to US$ 3.3 billion

Odebrecht SA , the Brazilian engineering company at the center of a historic corruption scandal, paid about US$3.3 billion in bribes over a nine-year period that ran through 2014, according to testimony cited by local media in Sao Paulo.
Thursday, April 13th 2017 - 07:30 UTC
Brazil central bank slashes money cost; estimates Selic rate at 8.5% by end of the year

Brazil's Central Bank cut the key interest rate by a full one percentage point on Wednesday in an effort to inject life into the floundering economy. This was the fifth straight cut, taking the key Selic rate to 11.25%.
Wednesday, April 12th 2017 - 08:41 UTC
Corruption quake in Brazil: Justice to investigate, 9 ministers, 24 senators, 39 deputies and 3 governors

An institutional and political earthquake is shaking Brazil: the Supreme Court has opened corruption investigations into nine ministers, three governors, 24 senators, 39 members of the Lower House and other elected officials totaling at least 108 politicians, according to a report published on Tuesday by O Estado de Sao Paulo.
Wednesday, April 12th 2017 - 08:34 UTC
Brazil says the RAF Falklands-outbound flight last Saturday was on a search and rescue mission

The RAF Hercules flight which last Saturday landed in the international Brazilian airport of Porto Alegre was flying from the Falkland Islands on a search and rescue mission, as part of a humanitarian effort, according to the Brazilian reply delivered to the Argentine foreign ministry, and reported by political analyst Martin Dinatale.
Tuesday, April 11th 2017 - 15:55 UTC
Brazil beef exports should return to normal in May, says the industry

Brazil's beef exports should return to normal levels between April and May as the country's efforts to reverse import bans have started to bear fruit in the wake of a food safety scandal that surfaced last month, industry group Abrafrigo said.
Tuesday, April 11th 2017 - 08:09 UTC
Brazil planning concession auctions for another ten airports

Brazilian Minister of Planning, Development and Management, Dyogo Oliveira said the government is considering awarding concession contracts with the private sector for at least another ten airports. Potential terminals include Goiânia, Vitória and Recife, according to the minister.
Monday, April 10th 2017 - 07:29 UTC
RAF Hercules photographed by Zero Hora in Porto Alegre airport

The Royal Air Force continues to call at Brazilian airports for refueling in their trip to the Falkland Islands, according to Zero Hora, the main daily from the city of Porto Alegre in Rio Grande Do Sul state.
Monday, April 10th 2017 - 05:58 UTC
Brazil's annual inflation drops to the lowest rate since 2010

Brazil's annual inflation eased to the lowest rate since 2010 and came very close to the government's long-missed target, leaving the door open for the central bank to accelerate the pace of interest rate cuts next week.
Friday, April 7th 2017 - 12:46 UTC
Brazil's trade surplus in March soared 61.2% to US$ 7.14bn

Brazilian exports outweighed imports by more than US$7 billion in March despite fears that the economy could be hard hit by the country's on-going meat scandal. The country recorded a US$7.14 billion trade surplus last month, the highest level on record for the country and a whopping 61.2% increase on the previous year.
Friday, April 7th 2017 - 12:14 UTC
Temer accepts to water down landmark pensions' reform to ensure congressional approval

Brazilian President Michel Temer plans to water down its landmark pension reform proposal to ease lawmakers' resistance to the controversial bill key to rebalance the government's depleted finances. Temer said in a radio interview on Thursday he has authorized the lawmaker sponsoring the plan to alter its terms as long as he maintains the bill's minimum retirement age. He did not specify what changes could take place.