Brazil

• Friday, May 3rd 2019 - 09:17 UTC

  Ford agreement with workers for a friendly shutdown of its historic plant in Sao Paulo

  

  Ford Motor Co said it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.

• Friday, May 3rd 2019 - 09:14 UTC

  Chevron completes purchase of controversial Petrobras refinery in Houston

  

  Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.

• Friday, May 3rd 2019 - 09:10 UTC

  Agricultural machine makers anxiously waiting for Brazil's new farm credit package

  

  Uncertainty surrounding Brazil’s new farm credit package is worrying executives from the world’s largest agricultural machine makers since a delay on the definition of the program could hurt their sales.

• Friday, May 3rd 2019 - 09:00 UTC

  Huawei launches its Smartphone line in Brazil targeting the premium segment

  

  China’s Huawei Technologies Co Ltd launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.

• Friday, May 3rd 2019 - 07:28 UTC

  Emirates code-share partnership with LATAM Brazil on 17 Brazilian routes

  

  Emirates has announced a new code share partnership agreement with LATAM Airlines Brazil covering domestic services in Brazil, providing greater choice and connectivity to its customers.

• Tuesday, April 30th 2019 - 09:58 UTC

  Brazil's central government finances tend to improve

  

  Brazil’s central government’s primary budget deficit narrowed in March thanks to aggressive cuts in discretionary spending, the Treasury said on Monday, although it warned that public finances were still at risk from pension commitments and weak revenues.

• Tuesday, April 30th 2019 - 09:54 UTC

  Brazilian foreign minister has hopes of a major Venezuelan opposition rally planned for May first

  

  Brazil's foreign minister on Monday voiced high hopes for a major rally planned this week in Venezuela by Juan Guaido, the country's self-proclaimed president. Guaido, who is recognized by more than 50 countries including the United States and Brazil, has called protests for the May 1 workers' holiday that he has vowed will be “the biggest in the history” of Venezuela.

• Monday, April 29th 2019 - 09:58 UTC

  Bolsonaro sons aim at the pragmatic vice-president Mourao calling him “traitor”

  

  A barrage of criticism this week from the sons of Brazil’s right-wing President Jair Bolsonaro aimed at the vice president has laid bare stark divisions in his cabinet, raising serious concerns from senior members of his four-month-old government.

• Saturday, April 27th 2019 - 09:45 UTC

  Lula da Silva claims that Brazil is governed by “a gang of madmen”

  

  Former Brazilian president Lula da Silva on Friday said the country is governed by a “gang of madmen” in his first interview from prison, where he is serving an almost nine-year sentence.

• Saturday, April 27th 2019 - 09:38 UTC

  Petrobras details divestment list including refineries; Bolsonaro open to privatization of oil company says minister

  

  Brazil's state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.