Brazil

Tuesday, March 26th 2019 - 06:58 UTC
Brazilian appeals court releases ex president Michel Temer: insufficient evidence for a “preventive” jailing

Brazilian appeals court judge on Monday released former President Michel Temer from jail following his high-profile arrest on graft charges last week, which marked a fresh landmark in the country’s battle against political corruption.
Monday, March 25th 2019 - 09:18 UTC
Bolsonaro: Brazil owes nothing to the world regarding the environment

Brazilian President Jair Bolsonaro said his country “does not owe the world anything” when it comes to the environment. The far-right leader, who is critical of the Paris climate change accord, was speaking in Chile following Friday’s launch of the Forum for the Progress of South America (PROSUR), a conservative-minded group of South American leaders.
Saturday, March 23rd 2019 - 09:06 UTC
Temer's arrest and military pensions' reform brings down Brazilian stock market and weakens currency

Brazilian stocks fell sharply on Friday as the arrest of the country’s former president, Michel Temer, sparked worries that government debate over key fiscal reforms may be delayed.
Saturday, March 23rd 2019 - 09:02 UTC
Petrobras reviewing a deal with China's CNPC to build an oil refinery

Brazil's Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro, Brazilian economic newspaper Valor Economico reported on Thursday, citing a source from Petrobras’ management.
Saturday, March 23rd 2019 - 08:58 UTC
Brazil's Vale allegedly quashed efforts to audit the dam that killed 300 people

Executives at Vale SA, the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday.
Saturday, March 23rd 2019 - 07:31 UTC
Seven countries have launched the Forum for Progress of South America

South American countries on Friday launched the Forum for the Progress of South America (Prosur), a new regional bloc which seeks the “integration and strengthening of the region.”
Saturday, March 23rd 2019 - 07:17 UTC
Ex Brazilian president silent on questioning; he could be released on Wednesday

A Brazilian appeals court will decide on Wednesday whether to grant a request for the release of former President Michel Temer, a judge at the court said on Friday. Judge Ivan Athié said that the Regional Federal Court of the 2nd Region (TRF-2) will decide on the petition by Temer's defense.
Friday, March 22nd 2019 - 09:40 UTC
Brazil's central bank with new chief leaves rates unchanged; policy is determined “with caution and serenity”

Brazil's interest rates remained unchanged on Wednesday after the central bank held its first monetary policy meeting under its new chief Roberto Campos Neto. The central bank's unanimous decision -- only the second since pro-business President Jair Bolsonaro took power in January on a promise to revive Latin America's biggest economy -- to keep rates at 6.5% was in line with market expectations.
Friday, March 22nd 2019 - 09:06 UTC
Bolsonaro wants trade to represent 30% of Brazil's GDP y 2022

The Brazilian government wants trade to represent 30% of the country’s gross domestic product by the end of 2022, with one official saying on Wednesday it will get there on the back of President Jair Bolsonaro’s liberalization plans.
Friday, March 22nd 2019 - 08:52 UTC
Brazil farm minister not satisfied with US promises of market opening for fresh beef

Brazil’s farm minister said that a U.S. agreement to conduct further inspections on the country’s meatpacking system is a step toward reopening the United States to fresh Brazilian beef, but is not sufficient.