Brazil

• Tuesday, February 26th 2019 - 09:25 UTC

  Dead humpback whale found in the Amazon jungle

  

  Wildlife experts are searching for clues following the discovery of a dead humpback whale in the Amazon jungle — about 15 meters from the ocean. The mammal, which biologists believe to be a 12-month-old calf, was found in undergrowth on the Brazilian island of Marajo, at the mouth of the Amazon River.

• Monday, February 25th 2019 - 08:27 UTC

  Apocalyptic scenario for Brazil if pensions' reform is not approved, warns Economy ministry

  

  Brazil’s Economy Ministry warned that the economy will slip into recession next year and official interest rates could more than double unless Congress approves measures to reduce the deficit in the country’s pension system.

• Saturday, February 23rd 2019 - 09:05 UTC

  Brazilian judge suspends Embraer/Boeing tie-up negotiations

  

  A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document. The court issued an injunction suspending an Embraer shareholders meeting scheduled for Feb. 26 that would vote on whether to approve the terms already agreed upon by the two companies.

• Friday, February 22nd 2019 - 09:24 UTC

  Brazilian oil production challenges OPEC' attempts to balance the market and prices

  

  While everyone is talking about how surging U.S. crude oil production will offset a large part of the ongoing OPEC/non-OPEC production cuts, there are other oil producers not taking part in the OPEC+ deal and poised to see their output jump this year.

• Friday, February 22nd 2019 - 09:19 UTC

  Bolsonaro's Senator son investigated by federal authorities for money laundering

  

  The senator son of Brazilian President Jair Bolsonaro is under investigation by federal authorities for money laundering in connection to unexplained increases in his net worth, the prosecutor general’s office said on Thursday.

• Friday, February 22nd 2019 - 09:12 UTC

  Brazil's Vale ordered to suspend more iron ore operations fearing dam breaks

  

  Brazil's mining agency (ANM) has ordered Vale to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crackdown following last month's deadly dam break at the iron producer’s Corrego do Feijão mine.

• Thursday, February 21st 2019 - 08:44 UTC

  Bolsonaro presents to Congress his pensions overhaul... Where are the necessary votes?

  

  Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress on Wednesday, aiming to save over 1 trillion reais (US$270 billion) in a decade by changing tax rates, delaying retirement and creating individual savings accounts.

• Wednesday, February 20th 2019 - 09:34 UTC

  Latam Airlines expected to have a 51% controlling interest in Latam Brazil

  

  Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51%, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions.

• Wednesday, February 20th 2019 - 09:17 UTC

  Ford closes oldest factory in Sao Paulo and exits heavy trucks business in Brazil

  

  Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in US$11 billion in charges.

• Tuesday, February 19th 2019 - 09:42 UTC

  IBM to launch research center on Artificial Intelligence in Sao Paulo

  

  IBM is set to launch a research center in the Brazilian city of São Paulo focused on development of solutions around artificial intelligence. The AI center will be the first Latin American institution of IBM's AI Horizons Network. It will be jointly run by the company and the São Paulo Research Foundation (FAPESP) to pursue “a disruptive research program”, with the potential to “promote paradigm shifts in AI.”