Brazil

Thursday, June 20th 2019 - 09:50 UTC
Bolsonaro insists with private savings accounts for the pensions' reform

Brazil’s congressional committee on pension reform began debating a revised bill, as president Jair Bolsonaro urged lawmakers to rethink their move to drop his plan to introduce a retirement system based on private savings accounts.
Thursday, June 20th 2019 - 09:49 UTC
Brazilian Justice minister Moro blames organized crime for the hacking of his messages

Brazilian Justice Minister Sergio Moro said on Wednesday that a criminal organization was responsible for leaks of his private messages as a federal judge, which raised questions about his ethics while overseeing a major corruption probe.
Thursday, June 20th 2019 - 09:20 UTC
Vale resumes full operations at Brucutu mine easing pressure on iron ore markets

Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.
Thursday, June 20th 2019 - 08:50 UTC
Brazil central bank leaves benchmark rate at 6.50%; forecasts of 5.50% by December

Brazil’s central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signalling looser policy because of doubts on economic reforms. The scenario outlined by policymakers was one of anaemic economic growth and high levels of economic slack putting downward pressure on inflation at home, plus the prospect of interest rates coming down in major developed economies.
Wednesday, June 19th 2019 - 09:55 UTC
Sao Paulo court accepts Odebrecht recovery procedure; debts amount to US$ 22.3bn

A court in Sao Paulo on Tuesday accepted a request by Brazilian conglomerate Odebrecht to begin a corporate recovery procedure aimed at fending off bankruptcy at the scandal-tainted group.
Wednesday, June 19th 2019 - 09:46 UTC
Brazil Senate overturns Bolsonaro's decree allowing arms for self defense

Brazil’s Senate on Tuesday overturned a decree signed last month by right-wing President Jair Bolsonaro that drastically expanded the number of people allowed to carry weapons in public.
Wednesday, June 19th 2019 - 09:40 UTC
Brazilian pensions' reform faces new challenges

The Brazilian government’s plans to overhaul its pension system can still be saved if lawmakers reverse changes to transition rules and concessions to legislative aides, according to Economy Minister Paulo Guedes.
Wednesday, June 19th 2019 - 09:29 UTC
Petrobras makes huge natural gas discovery in the Sergipe basin

Brazilian state-run oil firm Petrobras has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday.
Tuesday, June 18th 2019 - 09:54 UTC
Argentina opens an official inquiry into Sunday's massive blackout

Argentina has opened an inquiry into what caused a massive blackout that left nearly 50 million people without power, Energy Minister Gustavo Lopetegui said on Monday.
Tuesday, June 18th 2019 - 09:45 UTC
Brazil's largest private company, Odebrecht, files for bankruptcy; US$ 20bn in debts

Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$ 800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.