Truckers in Brazil on Monday partially blocked the main highway between Rio de Janeiro and Sao Paulo, police said, an action that could harm the nation’s economy should the protests spread.1 comment
The number of people living in poverty in Brazil grew by two million last year in the wake of the country's worst recession on record, according to the government statistics bureau.
Mercedes Benz's Brazil operation will hire some 600 contractors in 2019 on year-long contracts to work on commercial vehicles, adding to a workforce of 10,000, the company said on Tuesday.
The Brazilian economy accelerated sharply in the third quarter as record-low interest rates and a one-off government-led boost helped it bounce back from the impact of a nationwide truckers’ strike. Gross domestic product rose 0.8% from the second quarter and 1.4% from the third quarter of 2017, government statistics agency IBGE said on Friday.
Brazil has withdrawn its offer to host a large U.N. conference on climate change next year, the foreign ministry said on Wednesday, leading environmental groups to question the government's commitment to reducing carbon emissions.
The International Monetary Fund has completed its second review of Argentina, the fund said on Monday, paving the way for the country to receive US$7.6 billion under a US$ 56.3 billion financing deal.
The aluminum producer Aluar will distribute dividends among its shareholders for $ 2,884 billion (79.71 million US dollars) as a result of an increase in semiannual profits of 54.5%, the company reported to Argentina's stock exchange regulator Comisión Nacional de Valores (CNV), which was due mainly to the peso devaluation.
Evo Morales' government pushing to expand the bolivianisation of the country's economy has resulted in a shortage of foreign currency - particularly of US dollars - and to a subsequent growth of the exchange black market, it as repirted.
The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December.
Leaving the European Union without a deal would be “absurd” and the whole process of Brexit can still be stopped, Tony Blair has claimed. The former prime minister said the British people should be given the chance to vote again on whether to remain in the EU because otherwise they faced either a “pointless” or a “painful” version of Brexit.