Brazil

Wednesday, May 15th 2019 - 09:55 UTC
Brazil withdraws from hosting a Latin America climate conference next August

Brazil has withdrawn its offer to host Latin America and Caribbean climate week, a key milestone leading up to the annual UN negotiations. Initially set to take place from 19 to 23 August in Salvador, the event is part of a series of regional summits to encourage dialogue between governments and civil society, in support of national climate pledges.
Wednesday, May 15th 2019 - 09:53 UTC
Brazil's government cuts economic growth forecast, insists Congress must approve pensions' reform

Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.
Wednesday, May 15th 2019 - 08:21 UTC
Services sector activity in Brazil slides 0.7% in March and 1.75% in the first quarter

Activity in Brazil’s services sector fell 0.7% in March from the month before, government statistics agency IBGE said on Tuesday, a decline far greater than expected and another strong sign that the economy contracted in the first quarter.
Wednesday, May 15th 2019 - 08:10 UTC
Pope Francis advances the sainthood of Sister Dulce , Brazil's “Mother Teresa”

Pope Francis advanced the sainthood causes of Blessed Dulce Lopes Pontes, the “Mother Teresa” of Brazil. The pope signed the decrees on May 13 during a meeting with Cardinal Angelo Becciu, prefect of the Congregation for Saints’ Causes. The Vatican published the decrees on May 14.
Tuesday, May 14th 2019 - 09:58 UTC
Corruption investigation: Court allows investigation of Bolsonaro son's banking records

A Brazilian court will allow investigators to examine the banking records of President Jair Bolsonaro's senator son and his former driver in a money-laundering investigation.
Tuesday, May 14th 2019 - 09:48 UTC
Brazilian ex president Temer transferred to new police station in Sao Paulo

Former Brazilian President Michel Temer has been transferred to a new police station in Sao Paulo for detention while he is investigated in several corruption cases. Temer was moved to the shock police command on Monday, days after he was ordered back to jail during the investigation.
Tuesday, May 14th 2019 - 09:45 UTC
Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates

Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.
Tuesday, May 14th 2019 - 09:44 UTC
Brazilian chief Raoni on a European tour to counter growing threats to Amazon

Brazil's legendary indigenous chief Raoni arrived in Paris on Sunday for the start of a three-week tour across Europe where he will meet heads of state, celebrities and the Pope to highlight growing threats to the Amazon.
Tuesday, May 14th 2019 - 09:21 UTC
Ford assets in Brazil to be acquired by Chinese businesspeople

The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.
Tuesday, May 14th 2019 - 08:45 UTC
Brazil will ban violent foreign fans from the Copa America next month

Copa America hosts Brazil will stop known violent foreign fans from entering the country for the South American football tournament starting next month, officials said on Monday. Troublesome supporters identified by border control and immigration officers will be turned back, the justice and public security ministry said. The order takes immediate effect.