The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
The Brazilian central bank on Wednesday held interest rates at an all-time low despite a currency selloff, as widely anticipated, but said it could “gradually” raise them in the future if inflation expectations spike.
The United States has supplanted Brazil as the European Union's top supplier of soybeans since a deal in July with President Donald Trump to avert a trade war, according to EU data seen by Reuters on Thursday.
Far-right candidate Jair Bolsonaro gained ground over his rivals in the first round of Brazil’s presidential election set for Oct. 7, a new poll showed on Thursday, though it remains unclear who he will face in an expected run-off vote on Oct. 28.
Brazil's leftist presidential candidate Fernando Haddad on Tuesday ruled out pardoning the jailed former head of state and his own party's iconic leader Lula da Silva should he triumph in October's elections.
Brazilian farmers sped up soy and corn plantings this week for the country’s next grain crop, under favorable weather conditions and a positive market outlook, despite a sharp fall in soybean futures in Chicago on Tuesday. Soybean planting in Brazil’s second-largest producing state of Paraná reached 9% of the expected final area this week, up 8 percentage points from last week and compared to only 1 percent at this time last year, as ample soil moisture allowed for a quick start of fieldwork.
The tiny West African state of Equatorial Guinea on Tuesday demanded Brazil hand back more than US$ 16m in cash and luxury watches that border officials confiscated from a delegation accompanying the president's son. Foreign Minister Simeon Oyono Esono Angue denounced the seizure as “paltry and unfriendly behavior” and demanded the items be returned, state television TVGE said.
Brazil's economy grew 0.57% in July from June, Brazil's Central Bank said citing the Economic Activity Index (IBC-Br). The data shows a second consecutive month of GDP growth in South America's largest economy.
Brazil's benchmark Bovespa index rose 1.75% on Tuesday, rallying for a second straight day largely on a spike in commodities prices. Two of the Bovespa's most heavily weighted equities, miner Vale and oil giant Petrobras benefited from rising commodity prices worldwide amid escalating China-U.S. trade tensions and signals OPEC is not prepared to raise output to address shrinking supplies from Iran.
Brazilian far-right presidential candidate Jair Bolsonaro held a solid lead ahead of the October 7 election following a near-fatal stabbing, but Workers Party (PT) candidate Fernando Haddad emerged in second place, signaling a potential polarized right-left runoff, a poll showed on Monday.