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MercoPress, en Español

Montevideo, August 2nd 2025 - 11:32 UTC

Brazil

  • Friday, February 9th 2018 - 20:18 UTC

    Brazilian current soy crop estimated at 110.4m tons, but 3.2% less than last year

    After a slow start, the rainy season has been beneficial for the soybeans since early November and as a result, Conabs soybean estimate could move higher. Pic: Cadu Gomes/CB/D.A Press

    In their latest monthly report, Conab (National Supply Company) increased their estimate of the 2017/18 Brazilian soybean crop by 1.2 million tons and they slightly increased their Brazilian corn estimate. Conab is now estimating the 2017/18 Brazilian soybean crop at 110.4 million tons which is 1.2 million tons more than last month's estimate (109.1 million tons). If realized, the 2017/18 crop would be 3.6 million tons lower than the 114.0 million tons produced last year (-3.2%).

  • Friday, February 9th 2018 - 10:16 UTC

    Brazilian inflation in January below the official Central bank target

    The report supported trader bets on a March interest rate cut even after the central bank stated on Wednesday it considered appropriate to end the easing cycle

    Lower power tariffs pulled Brazil's inflation rate below the official target range and even the lowest of forecasts in January. Consumer prices tracked by the benchmark IPCA index rose 2.86% in the twelve months through January, government statistics agency IBGE said on Thursday.

  • Friday, February 9th 2018 - 10:12 UTC

    Colombia and Brazil tighten controls along Venezuelan border: thousands pouring in

    Speaking in Cucuta Santos warned that his government would strictly prosecute any unlawful behavior by Venezuelans, amid concerns over rising crime.

    Colombia and Brazil tightened border controls with Venezuela on Thursday as both nations grapple with a mounting influx of hundreds of thousands of desperate migrants fleeing a worsening economic crisis In a visit to the border region, Colombian President Juan Manuel Santos said he would impose stricter migratory controls, suspend new daily entry cards for Venezuelans and deploy 3,000 new security personnel along the frontier, including 2,120 more soldiers.

  • Friday, February 9th 2018 - 09:54 UTC

    Brazilian congress member arrested on arrival from the US; he must spend five years in jail

    Police said the deputy was arrested at the airport as he arrived from the US because he had suddenly changed his final destination to Paraguay

    Brazil's federal police have arrested a congressman on corruption charges at Sao Paulo's international airport, saying they feared he could try to escape to Paraguay. A panel of the country's top court this week ordered the arrest of Congressman Joao Rodrigues after his corruption conviction was upheld by a federal court.

  • Thursday, February 8th 2018 - 11:19 UTC

    Long steel industry concentration in Brazil: ArcelorMittal taking over Votorantim

    Jefferson de Paula, ArcelorMittal executive vice president said the company's long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

    The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country’s largest long steel producer, a senior company executive said. Jefferson de Paula, ArcelorMittal executive vice president, said that ArcelorMittal’s long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

  • Thursday, February 8th 2018 - 09:37 UTC

    Brazilian ex president Collor de Mello throws hit hat into the ring

    Senator Fernando Collor de Mello, Brazil’s president from 1990-1992, had to resign shortly before being impeached on corruption charges.

    Among the many possible contenders for Brazil’s next president are an ex-army captain, a TV presenter and a former head of state who may be in jail by the time of the election. Now, another eye-catching candidate has thrown his hat into the ring: Fernando Collor de Mello, Brazil’s president from 1990-1992, when he resigned shortly before being impeached on corruption charges.

  • Thursday, February 8th 2018 - 09:17 UTC

    Brazil's central bank beats inflation and recession: eyes now on the presidential election

    The central bank lowered the Selic rate by 0.25 percentage point, its 11th consecutive cut aimed at helping Brazil emerge from a stifling two-year recession.

    Brazil’s central bank cut its benchmark interest rate on Wednesday to a new low of 6.75%, but hinted it was now done with a historic easing cycle. The bank lowered the Selic rate by 0.25 percentage point, its 11th consecutive cut aimed at helping Latin America’s largest economy emerge from a stifling two-year recession.

  • Wednesday, February 7th 2018 - 09:56 UTC

    Brazil's second largest private bank names new CEO in a major shakeup

    Lazari has four decades of experience at the bank, beginning his career as a teenager in 1978 and is expected to take the helm next month

    Banco Bradesco SA, Brazil's second-largest private-sector lender, appointed a new chief executive who told journalists that demand for credit has already improved in the first month of 2018. Octavio Lazari, 54, head of Bradesco's insurance unit, was appointed as the bank's next CEO amid a broader management shakeup with younger executives joining the board and upper management ranks to tackle increasing competition from all-digital banks.

  • Wednesday, February 7th 2018 - 09:35 UTC

    Another Temer minister appointment on the cliff

    Cristiane Brasil, the government’s would-be labor minister, has twice had her appointment blocked by courts over her conviction for violating labor laws.

    With Brazil’s unpopular government battling to hold together a congressional coalition, President Michel Temer has been unlucky with his pick of cabinet ministers. Seven quit or were fired in his first year in office, four of them following allegations of wrongdoing. Among them, Geddel Vieira Lima, who was eventually arrested after police identified his fingerprints in an apartment filled with US$16 million in cash.

  • Tuesday, February 6th 2018 - 09:22 UTC

    Brazilian judge overturns injunction and allows the export of live cattle

    The injunction to halt the export of live animals was granted by a lower court in Sao Paulo on Friday on behalf of an animal rights group

    Brazil’s government has won a court decision allowing the export of live cattle, overturning an injunction obtained by an animal rights group, the Agriculture Ministry said on Monday.