Brazil

Tuesday, February 23rd 2021 - 13:38 UTC
Green hydrogen hub planned in northeast Brazil

A US$ 5.4bn green hydrogen hub has been planned in Ceará, northeast Brazil, and most probably the first-of-its-kind in Latin America. Set to be located at the Pecém Industrial and Port Complex (CIPP), 60km from Fortaleza, the hub will be built by Australia’s Enegix Energy.
Tuesday, February 23rd 2021 - 13:29 UTC
Halal chicken dispute blocks Brazil/Indonesia free trade talks

Brazil should only begin free trade talks with Indonesia if it adopts recommendations made by a World Trade Organization panel in 2017 after a dispute over halal chicken, Brazil's meat lobby ABPA said in a letter sent to three government ministries.
Tuesday, February 23rd 2021 - 09:07 UTC
February a poor month for industrial confidence in Brazil

A survey from the prestigious Getulio Vargas foundation showed that Brazilian industrial confidence fell in February for a second consecutive month, further evidence that the economy is losing steam and could even contract in the first quarter.
Tuesday, February 23rd 2021 - 08:11 UTC
Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.
Monday, February 22nd 2021 - 08:10 UTC
Fuel prices dispute, Petrobras CEO removal trigger fears of economic populism

More changes are in the pipeline, announced Brazilian president Jair Bolsonaro, after replacing the CEO of the country's oil and gas giant Petrobras with a former general. The move had an immediate impact in markets given the confidence investors had in the removed University of Chicago educated economist, Roberto Castello Branco.
Saturday, February 20th 2021 - 08:42 UTC
Bolsonaro sacks Petrobras CEO over diesel prices dispute and truckers strike threat

Brazilian President Jair Bolsonaro on Friday sacked a market-friendly economist as CEO of Petrobras and named a retired general to replace him, following on disputes over diesel prices that threatened a major teamsters stoppage.
Friday, February 19th 2021 - 08:58 UTC
Brazilian police investigating “shots of air” instead of Covid-19 vaccines

Rio de Janeiro's police launched an investigation into reports that doses of the coronavirus vaccine may have been diverted after images emerged of healthcare workers sticking needles into elderly people without injecting them.
Friday, February 19th 2021 - 08:52 UTC
Brazil surpasses 10 million Covid-19 cases, John Hopkins University

Brazil surpassed 10 million confirmed coronavirus cases on Thursday, according to a running tally by US-based Johns Hopkins University. With 10,030,626 confirmed cases to date, the country has the third-highest number of infections after the US and India. Brazil recorded more than 49,000 new cases on Thursday.
Wednesday, February 17th 2021 - 08:48 UTC
Majority of Europeans favor protection of Brazilian Amazon, before EU ratifies Mercosur trade deal

A new poll shows that the grand majority of Europe’s people favors implementing effective protections of the Brazilian Amazon, ending deforestation there, before the EU agrees to ratify the free trade agreement with Mercosur (composed of Brazil, Argentina, Paraguay and Uruguay).
Wednesday, February 17th 2021 - 08:48 UTC
Re-wilding Project: the Jaguar has returned to South America wetlands after 70 years

The largest predator in South America, the jaguar, has returned to the Iberá wetlands in Argentina 70 years after the species was driven to local extinction through hunting and habitat loss. Currently, only about 200 jaguars remain in Argentina.