Brazil

Saturday, April 6th 2019 - 09:16 UTC
Lula's to mark one year in prison next Sunday; all legal appeals rejected so far

 Since entering prison a year ago, Brazil's former president Lula da Silva has been spending his days working out in his cell and fighting to prove his innocence.
Saturday, April 6th 2019 - 08:43 UTC
Bolsonaro argues that Brazil's 1964 coup was really a “democratic regime of force”

Days after celebrating the anniversary of the military coup that led to Brazil's last dictatorship, the government of President Jair Bolsonaro is pushing for a revision of the history curriculum for the country's schools.
Friday, April 5th 2019 - 09:37 UTC
Brazilian markets react positively on hopes of progress on pension reform

Most Latin American stock markets and currencies rose on Thursday, with assets in Brazil gaining on hopes of smooth progress on pension reform. Brazilian President Jair Bolsonaro met fellow politicians in a bid to build support to pass his government's proposal to reform the country's bloated pension system, seen by investors as crucial to trim Brazil's wide fiscal deficit.
Friday, April 5th 2019 - 09:33 UTC
Brazil automakers confident of domestic market despite collapse of exports to Argentina

Automobile production in Brazil fell 0.6% in the first quarter of 2019 compared to the same period last year, the national automakers’ association said on Thursday, as an economic crisis in Argentina continued to weigh on output.
Thursday, April 4th 2019 - 09:41 UTC
Petrobras finally shows positive results and with strong growth prospects

Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit, the highest figure in seven years, and a total of R$20.2bn (US$ 5.27bn) in asset sales.
Thursday, April 4th 2019 - 09:37 UTC
Outbreak of African swine fever in China, a great opportunity for pork producers

Brazil is in a position to step up pork exports to China where an African swine fever outbreak has become a “transformational event” for the global meat industry, Pedro Parente, chief executive of Brazilian food processor BRF SA, said on Wednesday.
Thursday, April 4th 2019 - 09:34 UTC
Combative exchanges as Brazilian congress debates the pensions' system reform

Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to some concessions.
Thursday, April 4th 2019 - 09:30 UTC
Brazilian economy picking up but employment remains flat

Growth in Brazilian economic activity picked up to its strongest in over a year in March, driven by solid increases in domestic new orders across both the manufacturing and services sectors, IHS Markit Insight said on Wednesday.
Thursday, April 4th 2019 - 09:21 UTC
Weapons makers encouraged with the Brazilian market by pro-gun Bolsonaro

With its high murder rate and huge armed forces, Brazil has long been in the cross-hairs of foreign weapons makers. Now they have a powerful champion: pro-gun President Jair Bolsonaro. The right-wing former army captain, who relaxed gun ownership laws soon after taking power in January, has raised hopes among foreign firms that his next move will be easing investment restrictions on Brazil's 200 billion reais (US$55 billion) defense sector.
Thursday, April 4th 2019 - 09:18 UTC
Twin brothers in Brazil will have to pay paternity support for a girl

Twin brothers in Brazil are being forced to each pay child support after a paternity test was unable to confirm who the father of a newborn baby is. The identical twins refused to admit who the father of the baby girl was in an attempt to avoid making support payments.