Brazil

Friday, January 15th 2021 - 09:30 UTC
Delays in launching an inoculation program in Brazil, threatens the economic recovery

The risks to an expected economy recovery in Brazil during 2021 are increasing as delays in rolling out a vaccine program against coronavirus continues to be delayed, according to Moody's rating agency.
Thursday, January 14th 2021 - 09:19 UTC
Brazilian oil export record in 2020, average 1,4 million bpd

Brazil established a new record for oil exports in 2020, with sales averaging 1,4 million bpd and a peak of 1,9 million bpd during the month of May, according to the Mines and Energy minister Bento Albuquerque. The minister also announced that on 7 January, Brazil's oil giant Petrobras reached a daily production record of 2,84 million barrels of oil, beating the previous mark set in 2015, with 2.79 million BOE/day.
Thursday, January 14th 2021 - 08:44 UTC
Britain trying to contain the coronavirus Brazil variant from reaching UK

UK Prime Minister Boris Johnson announced on Wednesday the government was looking at ways to stop a variant of the novel coronavirus found in Brazil from entering Britain.
Thursday, January 14th 2021 - 08:35 UTC
Bolsonaro accuses Ford of closing its plants because “they want subsidies”

Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.
Wednesday, January 13th 2021 - 09:14 UTC
Brazilian interest rates in the next 24 months expected to rise steadily

The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.
Wednesday, January 13th 2021 - 09:11 UTC
Brazilian 2020 inflation 4,5%, but food prices skyrocketed 14,1%

Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.
Tuesday, January 12th 2021 - 08:56 UTC
Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.
Monday, January 11th 2021 - 09:40 UTC
Covid-19: Brazil reduces to zero import tariffs for syringes and needles

Brazil has reduced import taxes and tariffs to zero for products used to combat Covid-19, including syringes and needles classified under codes 9018.31.11, 9018.31.19, 9018.31.90, 9018.32.19, and 9018.39.10 of the Mercosur Common Nomenclature. The products are included in the list of temporary tariff reductions covered by Gecex (Executive Management Committee of the Chamber of Foreign Trade), Resolution 17, from 17 March 2020.
Monday, January 11th 2021 - 09:01 UTC
Japan detects a new coronavirus variant in travelers from Brazil's Amazon

A new coronavirus variant has been detected in four travelers from Brazil's Amazonas state, Japan's Health Ministry said on Sunday the latest new mutation of the virus discovered.
Monday, January 11th 2021 - 08:34 UTC
China/Brazil sea freight prices soar, almost five times higher than six months ago

Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.