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MercoPress, en Español

Montevideo, July 19th 2025 - 15:10 UTC

Brazil

  • Thursday, May 15th 2025 - 10:55 UTC

    Lula urges Putin to attend peace talks in Istanbul

    Lula called Putin during a stopover in Moscow

    Brazilian President Luiz Inácio Lula da Silva telephoned his Russian counterpart Vladimir Putin to discuss ending the war in Ukraine. The South American leader made the call during a stopover in Moscow en route back from China to his country.

  • Thursday, May 15th 2025 - 10:43 UTC

    Bolivian court bans Evo Morales from running again for president

    Indefinite reelection is not a human right, the TCP also ruled

    Bolivia's Plurinational Constitutional Court (TCP) ruled Wednesday that former president Evo Morales cannot seek reelection after two terms in office, regardless of whether continuous or discontinuous. The decision rendering such an endeavor unconstitutional came after a long session to be published in the Plurinational Constitutional Gazette.

  • Wednesday, May 14th 2025 - 10:56 UTC

    Brazil's Central Bank signs currency swap with People’s Bank of China

    The BCB already has a similar agreement with the US Federal Reserve

    Brazil's Central Bank (BCB) and the People’s Bank of China (PBoC) signed a currency swap agreement Tuesday worth R$ 157 billion (US$ 28 billion). The arrangement is valid for five years.

  • Tuesday, May 13th 2025 - 20:26 UTC

    Brazil and China issue joint statements regarding ongoing world affairs

    The two declarations were issued after the meeting between Lula and Xi Jinping and other talks among high-ranking officials

    Brazil and China released two joint statements Tuesday following a meeting between Presidents Xi Jinping and Luiz Inácio Lula da Silva and other encounters in Beijing.

  • Tuesday, May 13th 2025 - 08:22 UTC

    “Brazil needs long term planning in industry and technology”, if it is to upgrade foreign trade quality

    Feldmann, “We are not a country that plans for the future; industrial policy cannot have a short-term horizon. We need to follow Asian countries implementing 20-year plans.”

    Alarm bells are again ringing in Brazil, The country might have impressive foreign trade figures and surpluses, but Brazil has been unable to gain competitive advantages in sectors beyond agriculture and mining. “Exports remain heavily concentrated in commodities such as soybeans, oil, and iron ore,” and the country has been unable “to upgrade the quality of this trade relationship, especially by exporting more industrial products.”

  • Monday, May 12th 2025 - 20:37 UTC

    Lula announces sizeable Chinese investments in infrastructure

    Lula made those remarks at a Sino-Brazilian Business Forum in Beijing

    Brazilian President Luiz Inácio Lula da Silva announced Monday that Chinese investors would be allocating some R$ 27 billion (US$ 4.69 billion at the current exchange rate) to infrastructure and other development in the South American country. He made those remarks during his participation in the Brazil-China Business Forum in Beijing. The investments will also cover the areas of education and technology, it was explained.

  • Monday, May 12th 2025 - 10:39 UTC

    Lula kicking off Beijing tour with meetings with businesspeople

    Lula is to sign at least 16 agreements with China this week

    Brazilian President Luiz Inácio Lula da Silva is to meet Monday with executives from two major Chinese companies. Later in the day, he is to hold an encounter with representatives from the health sector and sign a series of agreements before closing the Brazil-China seminar. He is currently in Beijing on an official visit to strengthen business ties.

  • Monday, May 12th 2025 - 10:04 UTC

    Petrobras strikes high-quality oil in Santos Basin Pre-Salt Aram block

    The exploratory well in the Aram block, is located 248 kilometers off the Santos coast, at a water depth of 1,952 meters

    Petrobras has announced a new oil discovery in the pre-salt Santos Basin, identifying “high-quality oil without contaminants” at the 3-BRSA-1396D-SPS exploratory well in the Aram block, located 248 kilometers off the coast of Santos, at a water depth of 1,952 meters

  • Saturday, May 10th 2025 - 10:55 UTC

    Brazil's STF reaches majority to convict Congresswoman Zambelli

    Zambelli also has another case before the STF

    Brazil's Federal Supreme Court (STF) has a majority vote to sentence Congresswoman Carla Zambelli to 10 years in prison for hacking the National Council of Justice's (CNJ) electronic system in 2023. Case rapporteur Alexandre De Moraes, along with Justices Flávio Dino and Cristiano Zanin, have voted in favor of conviction, while Luiz Fux and Cármen Lúcia -completing the Court's First Panel- have yet to cast their opinions.

  • Saturday, May 10th 2025 - 07:58 UTC

    Brazil eyes railroad to Chancay to facilitate trade with China

    Xi Jinping supports this project as part of China's trade expansion in the region

    Brazilian and Chinese authorities are evaluating the construction of a railroad to the Chancay mega-port in Peru through Acre, near Bolivia, to Bahia on the Atlantic coast, which would reduce the maritime trade distance to Asia by approximately 10,000 kilometers while easing reliance on the congested port of Santos, Planning Minister Simone Tebet explained.