Brazil

• Tuesday, June 26th 2018 - 09:13 UTC

  Brazil's trade surplus hit strongly by the truckers’ strike

  

  The truck drivers' strike which paralyzed Brazil's trade and supply for about 10 days in May had a significant effect on the country's economy, its central bank reported on Monday.

• Tuesday, June 26th 2018 - 09:06 UTC

  Petrobras agrees to pay US$ 3bn in reparations to US investors

  

  Brazilian state oil company Petrobras announced Monday that it would pay almost 3 billion U.S. dollars in reparations to U.S. investors who were harmed by the corruption ring within the firm. Brazil's largest company was sued in a class action lawsuit, which was approved on June 22 by a federal court in New York.

• Tuesday, June 26th 2018 - 08:51 UTC

  Brazil's second corn crop lower, but export forecast remains at 28m tons

  

  Consultancy Agroconsult lowered its forecast for Brazil's so-called second corn crop to 55.2 million tons on Monday but left its export projection unchanged after a survey of fields in four states affected by planting delays and a drought. Agroconsult had estimated last month that the second crop, which farmers are currently harvesting, would total 57 million tons.

• Tuesday, June 26th 2018 - 08:46 UTC

  Pence visits Brazil: children separated from parents and Venezuela refugees in the agenda

  

  President Michel Temer will press U.S. Vice President Mike Pence during his two-day visit to Brazil on cases of Brazilian children separated from their parents upon trying to enter the United States, a Brazilian diplomat said on Monday.

• Tuesday, June 26th 2018 - 08:26 UTC

  Petrobras begins operations at Tartaruga Verde field

  

  Petrobras has announced the start of production at Tartaruga Verde field, in the deep waters of the Campos basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about 127 km off the coast of the state of Rio de Janeiro, in water depth of 765 m, with a capacity to process daily up to 150,000 bbl of oil and 3.5 MMcmg and 5 MMcm of gas compression.

• Tuesday, June 26th 2018 - 08:22 UTC

  Latam stocks and currencies hit by global trade disputes

  

  Latin American stocks and currencies mostly fell on Monday as the trade dispute between the United States and other leading economies worsened, but central bank intervention kept the Brazilian real steady.

• Tuesday, June 26th 2018 - 08:16 UTC

  Brazilian soybeans expected to benefit from US-China trade war

  

  The country that could indirectly benefit from the intensifying US-China trade war is Brazil, which finds itself in a strategic position to increase its market share of soybean exports to China.

• Monday, June 25th 2018 - 08:27 UTC

  Another judicial setback for Lula: Supreme Court cancels appeal ruling on his release from jail

  

  Brazil's Supreme Court has cancelled a ruling set for Tuesday on an appeal by former president Luiz Inacio Lula da Silva to be freed from prison while he attempts to overturn his corruption sentence.

• Monday, June 25th 2018 - 07:24 UTC

  Over half of Brazilian electorate rejects all presidential candidates, opinion poll shows

  

  An XP Investimentos survey in partnership with the Institute of Social, Political and Economic Research (Ipespe) shows the Brazilian pre-candidates Lula da Silva and Jair Bolsonaro, tied for first place with 13% of voting intentions each, followed by Ciro Gomes and Geraldo Alckmin, with 2% each.

• Friday, June 22nd 2018 - 09:10 UTC

  Petrobras loses massive wage dispute, which could cost US$ 4.5 billion

  

  Brazil’s top labor court on Thursday ruled in favor of workers at Petrobras in a wage dispute that could cost the world’s most indebted oil company up to 17 billion Reais (US$ 4.5 billion). Petrobras may still appeal the Superior Labor Court’s ruling in the case, brought by oil workers seeking more pay.