Brazil

• Wednesday, May 29th 2019 - 10:03 UTC

  Brazil's iron ore industry misery, a boom for Australian big miners

  

  Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.

• Wednesday, May 29th 2019 - 09:19 UTC

  Bolsonaro begins to master negotiations with Congress with a timely victory

  

  Brazil’s Senate on Tuesday voted to approve right-wing President Jair Bolsonaro’s decree to revamp the executive branch, averting a potential crisis that had sown doubt about his ability to obtain the congressional backing he needs to push through legislation.

• Wednesday, May 29th 2019 - 09:13 UTC

  Federal Judge concludes president Bolsonaro's attacker suffers from mental health

  

  A man who stabbed Brazilian President Jair Bolsonaro during his campaign last September suffers from mental health issues, a federal judge has concluded. Judge Bruno Savino ruled on Monday that Adélio Bispo de Oliveira was not fully aware of his actions at the time and cannot be jailed over the incident.

• Wednesday, May 29th 2019 - 09:10 UTC

  Brazilian prison gang leaders moved to maximum security jails

  

  Brazilian Justice Minister Sergio Moro said on Tuesday that the prison gang leaders responsible for killing 55 inmates in prisons across the northern city of Manaus will be moved to maximum security federal jails.

• Wednesday, May 29th 2019 - 09:06 UTC

  International capital inflow to Brazil exceeds forecasts

  

  Brazil posted a surprise current account deficit in April, central bank data showed on Monday, although as a share of national economic output Brazil's balance of payments shortfall with the rest of the world is showing signs of stabilizing.

• Tuesday, May 28th 2019 - 09:47 UTC

  Brazil's Guedes insists he will step down if the pensions reform is not approved by Congress

  

  Brazil’s Economy Minister Paulo Guedes threatened to step down if his ambitious plans to overhaul the country’s social security system are watered down and diluted into what he called a “little reform.”

• Tuesday, May 28th 2019 - 09:03 UTC

  Brazil's once richest man fined US$ 134 million for insider trading

  

  Eike Batista, once the richest man in Brazil, has been fined around US$134 million for insider trading, the securities commission said on Monday as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence.

• Monday, May 27th 2019 - 06:03 UTC

  Bolsonaro supporters take to the streets of Brazil to blame “satanic” congress for not approving reforms

  

  Thousands of supporters of far-right President Jair Bolsonaro took to the streets across Brazil on Sunday in a protest seen as a gauge of the embattled leader's popularity only five months into his term.

• Monday, May 27th 2019 - 04:07 UTC

  Ghosn family cries “hostage” before United Nations

  

  Relatives of disgraced former Renault and Nissan boss, the Brazilian Carlos Ghosn, have once again sought the intervention of the United Nations (UN) against what they believe is a “judicial persecution” in Japan.

• Saturday, May 25th 2019 - 08:01 UTC

  Brazil's Supreme Court leans in favor of LGBTQ rights

  

  Brazil's Supreme Court Thursday hinted it would rule against discrimination based on sexuality or gender and that Congress had acted unconstitutionally by failing to include homophobia and transphobia within its anti-discrimination statutes, it was reported.