Brazil

Thursday, August 13th 2020 - 06:44 UTC
Record debt in Brazil, but only 3% is in foreign currency and government trusts rock bottom rates global

Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.
Thursday, August 13th 2020 - 06:42 UTC
Sao Paulo governor tested positive for the coronavirus

The governor of Sao Paulo, the state with the highest COVID-19 death toll in hard-hit Brazil, said on Wednesday he had tested positive for the new coronavirus and would continue working from quarantine.
Wednesday, August 12th 2020 - 09:58 UTC
Brazilian Parana state abattoirs facing repeated outbreaks of Covid-19

A single BRF SA unit accounted for about 29% of COVID-19 cases at slaughterhouses in Brazil’s Parana state, according to the most recent data available, underscoring the challenges for stemming outbreaks at meat plants.
Wednesday, August 12th 2020 - 09:58 UTC
Bolsonaro denies fires in the Amazon rainforest and calls reports a “lie”

Brazil's President Jair Bolsonaro on Tuesday angrily denied the existence of fires in the Amazon rainforest, calling it a “lie”, despite data produced by his own government showing that thousands of fires are surging across the region.
Wednesday, August 12th 2020 - 09:51 UTC
Brazilian state in talks to begin producing the Russian Covid-19 vaccine

Brazil’s Parana state is in talks to produce a COVID-19 vaccine approved by Russia despite not having completed mass clinical trials, but it was unclear if the state’s research institute would get regulatory approval in Brazil.
Wednesday, August 12th 2020 - 09:19 UTC
Far East absorbs all the pork Brazil can produce; in July exports soared 48% over a year ago

According to the Brazilian Association of Animal Protein, (ABPA), in July, Brazilian pork exports (both fresh and processed) totaled 100,400 tons – 47.9% higher than in the same period of 2019, with 67,900 thousand tons. In revenue terms, the total balance of July reached US$203.1 million, a figure 37.3% higher than that registered in July last year, at US$147.9 million.
Wednesday, August 12th 2020 - 08:27 UTC
Brazilian commodities exports booming: corn shipments exceed soybean

Data released on Monday by Brazil' Foreign Trade Secretariat (Secex) indicates that corn exports reached 2 million tons in the first week of August and exceeded soybean shipments in this period.
Tuesday, August 11th 2020 - 09:40 UTC
Brazilian food processor JBS hiring additional workers in many plants plagued with the coronavirus

Food processor JBS SA is hiring 5,200 additional workers in Brazil, seeking to boost output in a key export base while fending off the threat of the novel coronavirus, which disrupted some its plants in the second quarter.
Tuesday, August 11th 2020 - 09:35 UTC
Record export of Brazilian beef in July; China becomes the insatiable client

Brazilian beef exports including fresh and processed products reached a monthly record of 194,093 tons during July, up 17% from the same month a year ago, according to the Brazilian Slaughterhouse Association (Abrafrigo).
Tuesday, August 11th 2020 - 08:20 UTC
Encouraging second half first month for Brazilian car manufacturing

Brazilian car manufacturing started to recover during the first month of the second half of the year. Numbers released by the National Association of Automotive Vehicle Manufacturers (Anfavea), point out that in July, production reached 170,300 units, an increase of 73% over June, but still 36.2% lower than the same month last year. Despite the increase, it was still the worse July since 2003.