MercoPress, en Español

Montevideo, October 22nd 2017 - 06:15 UTC

Brazil

  • Friday, August 18th 2017 - 21:10 UTC

    Brazilian economic activity (and optimism) picking up

    The central bank reduced the benchmark Selic interest rate to the lowest in four years as inflation plunged below the bottom end of its target range.

    Economic activity in Brazil expanded at a faster pace than expected in June, the latest in a batch of reports suggesting an economic recovery may be taking hold. Economic activity rose 0.50% from May after seasonal adjustments, the central bank said on Thursday.

  • Tuesday, August 15th 2017 - 10:45 UTC

    Brazil opens first corn ethanol plant; the country leads in sugarcane ethanol

    Brazil is the biggest sugarcane ethanol producer globally. The US, meanwhile, is the top ethanol producer, relying mainly on corn as feedstock.

    Brazilian company FS Bioenergia inaugurated a corn ethanol plant, the first in the country, to produce 210 million liters year. The plant was built by a joint venture between the local agro-company Fiagril and US-based Summit Agricultural Group with investments of BRL 450 million (US$ 141.1m), said the Ministry of Agriculture, Livestock and Farming.

  • Tuesday, August 15th 2017 - 09:34 UTC

    Temer and Meirelles discussing with congress leaders budget deficit and cabinet positions

    Finance Minister Henrique Meirelles wanted to wait until September to weigh looser budget goals, but agreed to move up talks under pressure from Congress.

    Brazil's government delayed the announcement of looser budget targets for 2017 and 2018, previously expected for Monday, as authorities struggled to estimate revenues given strong opposition in Congress to tax hikes.

  • Monday, August 14th 2017 - 12:02 UTC

    Brazil’s Pre-Salt Extraction Costs Fall To US$8 Per Barrel

    In June Brazilian oil output rose from May to a daily average of 2.675 million barrels. Production in the pre-salt areas jumped to an average of 1.353 million bpd

    By Haley Zaremba from Oilprice - Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed down by allegations of involvement in Brazil’s widespread corruption. But that’s all changing.

  • Friday, August 11th 2017 - 11:57 UTC

    Temer heckled after addressing a business conference in Rio do Janeiro

     Temer was booed as he left the stage at the SulAmerica Convention Center in Rio after presenting his administration’s austerity proposals at the ENAEX trade fair

    President Michel Temer, whose popularity is the lowest for a Brazilian head of state in decades and who last week was spared from standing trial on corruption charges by the vote of his allies in Congress, was booed at the conclusion of his appearance at a trade fair in Rio do Janeiro.

  • Friday, August 11th 2017 - 11:36 UTC

    Massive 356 kilos emerald unearthed in northern Brazil

    This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.

    A massive 356 kilos emerald was unearthed recently by miners inside the Carnaiba Mine in Brazil. This incredible emerald specimen stands 1.3 meters tall and is valued at approximately US$ 309 million.

  • 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.