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MercoPress, en Español

Montevideo, May 7th 2026 - 05:40 UTC

Brazil

  • Wednesday, March 29th 2017 - 07:36 UTC

    Brazil ready to further cut interest rates to support economy as inflation falls

    The central bank is looking at factors like “inflation expectations and economic activity. We are open to making any decision,” said Goldfajn.

    Bigger interest rate cuts are an option for Brazil's central bank, Governor Ilan Goldfajn anticipated, signaling an emphasis on supporting the economy as inflation falls faster than expected. The central bank has lowered its benchmark rate in each of monetary policymakers' four meetings since last October, when it made the first cut in four years. The bank reduced the rate by 25 basis points in each of the first two cuts, followed by two drops of 75 basis points apiece. The rate now stands at 12.25%.

  • Tuesday, March 28th 2017 - 07:58 UTC

    China, Russia, EU interested in operating Brazilian railways

    Adalberto Santos Vasconcelos special secretary running President Temer's infrastructure investment program, revealed that interest was strong

    Brazil's planned auction of the rights to expand and operate the North-South railway between Tocantins and Sao Paulo states has drawn the interest of major operators from countries including Russia, China and Spain, a government official said.

  • Monday, March 27th 2017 - 11:07 UTC

    Petrobras posted losses of US$ 4.8 billion during 2016

    Petrobras has been at the center of a corruption scandal that has ensnared powerful lawmakers and business executives.

    Brazil's state-run oil company says it posted a US$4.8 billion loss in 2016 mainly because of a reduction in the value of assets it needs to sell to lower a debt estimated at more than US$100 billion.

  • Monday, March 27th 2017 - 07:45 UTC

    Brazilian meats' scandal: China, Egypt, Chile limit imports ban to the 21 processing plants involved

    The world's largest meat exporter has been reeling since police announced the conclusion of the two-year “Operation Weak Flesh”

    Brazil won a major victory as it battles to restore credibility amid a tainted meat scandal, with China, Egypt and Chile lifting their bans on its products. The three countries, which had totally closed their markets to Brazilian meat at the start of last week, said they would open them to all but the 21 Brazilian processing plants under investigation.

  • Monday, March 27th 2017 - 07:38 UTC

    Brazilians take to the streets to support corruption investigations and jailing politicians

    Protesters many wearing the yellow shirts of the country's football team or draping themselves in the flag said Operation Car-Wash must not let up in intensity.

    Brazilians furious at corruption demonstrated on Sunday in support of a politically explosive probe into high-level embezzlement and bribery, but turnout was lower than at previous protests. The long-planned day of nationwide demonstrations kicked off in the capital Brasilia and Rio de Janeiro, before shifting to the nation's biggest city Sao Paulo.

  • Friday, March 24th 2017 - 11:50 UTC

    Temer close aide sworn as a Justice in Brazil's Supreme Court

    Moraes headed the Ministry of Justice when he was appointed to the Supreme Court by President Michel Temer.

    Jurist Alexandre de Moraes was sworn into office as a Justice in Brazil's Supreme Court on Wednesday. Moraes will fill the seat left by Justice Teori Zavascki, who died in a plane crash in January. Moraes headed the Ministry of Justice when was appointed to the Supreme Court by President Michel Temer. His nomination to the top court was confirmed by the Senate last month. He is expected to take charge of 7,500 cases as he joins the court.

  • Thursday, March 23rd 2017 - 12:09 UTC

    Brazilean adulterated meat situation “no obstacle for EU/Mercosur trade talks”

    “The current meats' scandal is absolutely in no way an obstacle for the current negotiations”, said Hrdá.

    The adulterated meat situation in Brazil is no obstacle for the current trade negotiations between the European Union and Mercosur, said Eidta Hrdá, Managing Director for the Americas from the European External Action Service, currently in Buenos Aires.

  • Thursday, March 23rd 2017 - 11:33 UTC

    Yellow fever is spreading in Brazil infecting and killing monkeys and humans

    “It was just silence, a sense of emptiness,” Karen Strier, an anthropologist from Wisconsin, said of visiting a familiar patch of forest in the state of Minas Gerais.

    Yellow fever, a viral disease transmitted by mosquitoes, is spreading through Brazil, infecting and killing both monkeys and humans. According to the latest reports from local scientists, several thousand monkeys -- most of them howler monkeys -- have been killed by the virus since the outbreak began in late 2016.

  • Wednesday, March 22nd 2017 - 11:50 UTC

    Growing concern of Brazil' rotten meat scandal on the Mercosur/EU trade talks

    Agriculture Minister Blairo Maggi said the EU’s agricultural representative had called him by telephone and that they are due to meet to discuss the issue.

    European Union has insisted Brazilian representatives attend an emergency meeting to explain themselves regarding a scandal involving rotten meat and the country’s two largest exporters, JBS and BRF. Brazil has already announced that the 22 plants (out of over 4.000) allegedly involved in the scam have been closed.

  • Tuesday, March 21st 2017 - 10:15 UTC

    China, EU, Korea, Chile suspend beef and poultry imports from Brazil

    A charm offensive by President Temer, who even invited foreign ambassadors to a traditional meat restaurant in Brasilia late Sunday, failed to calm importers.

    The fallout from Brazil's rotten meat scandal accelerated Monday when China, a huge market, suspended imports and the European Union and South Korea demanded a partial ban. Another ban on Brazilian meat imposed by Chile sparked fears of a trade spat between the two South American partners.