Brazil

Thursday, January 28th 2021 - 09:42 UTC
Brazil on the brink of financial default, points out the Financial Times

Brazilian president Jair Bolsonaro has been s skeptical of the coronavirus pandemic and the effectiveness of different vaccines to contain it, arguing that the economy, jobs and activity, were the priority above sanitary recommendations. As a result of this approach, his administration's federal spending jumped almost 40% between January and November, according to the Institute of International Finance. And Bolsonaro had even admitted the country is “broke.”
Wednesday, January 27th 2021 - 20:39 UTC
Director of Sinovac's intermediary institute said it did not close a deal with Uruguay for vaccine

The Director of the Butantan Institute on Tuesday contradicted the words of Uruguayan President Luis Lacalle Pou, assuring that there is not yet a closed agreement between the Uruguayan government and the Chinese laboratory Sinovac for the purchase of the vaccine against Covid-19. However, the institute affirmed that there is a pre-agreement and talks are still ongoing. Lacalle Pou announced on Saturday at a press conference the purchase of 1.75 million doses from this laboratory.
Wednesday, January 27th 2021 - 09:00 UTC
Maersk appoints commercial director for Brazil, Argentina, Uruguay and Paraguay

A.P.Moller-Maersk announced the arrival of Douglas Piagentini as its new commercial director for the East Coast of Latin America made up of Brazil, Argentina, Uruguay, and Paraguay.
Tuesday, January 26th 2021 - 09:40 UTC
Ex Brazilian president Michel Temer contracted as an advisor for Huawei's 5G

China's Huawei has just hired a former president of Brazil to act as an advisor on 5G networking in the region. Through the new hiring, the company aims at ensuring the growth of the newer and faster bandwidth in the local market just prior to the auction for 5G wireless networks.
Tuesday, January 26th 2021 - 09:30 UTC
Petrobras oil output hits record in 2020, 2,3 million bpd

By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.
Monday, January 25th 2021 - 09:50 UTC
Protests in Brazil against Bolsonaro for his handling of the pandemic

Brazilians took the streets over the weekend calling for the impeachment of President Jair Bolsonaro, who is under fire for his government's handling of COVID-19, which has raged through the country claiming more than 216,000 lives and 8,9 million contagions.
Friday, January 22nd 2021 - 09:40 UTC
Bolsonaro sends Biden a three page letter calling for deeper bilateral relations

Striking a conciliatory tone, Brazilian president Jair Bolsonaro made public a three-page letter congratulating president Joe Biden and calling for the two nations to deepen ties, including a free trade agreement.
Friday, January 22nd 2021 - 09:08 UTC
Brazilian meatpacker announces China has lifted bans on two processing plants

Brazilian meatpacker JBS SA announced that China has lifted bans on two meat plants imposed in 2020 over coronavirus concerns.
Friday, January 22nd 2021 - 08:32 UTC
Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.
Thursday, January 21st 2021 - 09:29 UTC
South American leaders congratulate Joe Biden and Kamala Harris

Leaders of South America congratulated and celebrated the new United States administration on Wednesday as President Joe Biden and Vice President Kamala Harris were officially inaugurated.