Brazil

Tuesday, September 12th 2017 - 09:21 UTC
Brazil's air commercial industry considers building a factory in China

Brazilian aeronautical company Embraer plans to analyze the possibility of building a factory in China to manufacture jet aircraft for the commercial aviation segment, the company’s chief executive said.
Monday, September 11th 2017 - 10:21 UTC
Brazilian tycoon who implicated president Temer arrested for withholding information

The former chairman of the world’s largest meatpacker, whose testimony implicated Brazil’s president in corruption, turned himself in to police Sunday after the country’s Supreme Court ordered his arrest.
Saturday, September 9th 2017 - 19:54 UTC
Brazil's central bank slashes rate one full percentage point to 8.25%

Brazil's central bank slashed its key interest rate this week by a full percentage point to 8.25%, the eighth consecutive cut as the country slowly exits a painful recession. The one percentage point fall in the base Selic rate had been predicted by markets and matched a previous cut in July.
Friday, September 8th 2017 - 20:07 UTC
Agriculture has become the most productive sector of the Brazilian economy

With a robust Harvest Plan coupled with support and development tools organized by the government, Brazil’s agriculture and livestock sector is expected to generate record wealth for Brazil in 2017. Studies show that the segment is likely to grow around 10.74% this year, adding over R$ 30 billion (some US$ 10bn) to the country's GDP.
Friday, September 8th 2017 - 09:09 UTC
End of the line: ex minister and confident claims Lula da Silva accepted US$ 100 million from Odebrecht

A former finance minister and close confidant of Brazil’s Lula da Silva accused the ex-president of receiving bribes from contractor Odebrecht, adding to a list of corruption accusations that threaten Lula’s ability to run for president in 2018.
Thursday, September 7th 2017 - 08:11 UTC
Top prosecutor accuses Lula and Dilma of forming a criminal organization

Brazil’s top prosecutor on Tuesday charged former Presidents Lula da Silva and Dilma Rousseff along with fellow Workers Party members with forming a criminal organization, the latest accusations in Brazil’s sprawling corruption scandal
Wednesday, September 6th 2017 - 07:28 UTC
A weakened Temer faces a second corruption charge with a divided congress

Brazilian President Michel Temer faces a tougher battle to quash an imminent second corruption charge because he has lost support among disgruntled members of his governing coalition in Congress, the country's lower house speaker said.
Wednesday, September 6th 2017 - 07:01 UTC
Rio 2016 Olympic Games, another can of worms, ...and of Olympic corruption

Brazilian and French authorities said on Tuesday they uncovered an international corruption scheme aimed at buying votes in awarding the 2016 Olympics. It is the latest allegation to tarnish the legacy of the Rio Games, the first Olympics in South America.
Friday, September 1st 2017 - 13:34 UTC
Meat packing giant JBS names independent advisory board for its US branch

JBS USA, a unit of São Paulo, Brazil-based meat packing giant JBS SA, has formed an independent advisory board that will provide counsel to the company’s executive leadership on corporate governance, government and regulatory affairs and other matters.
Thursday, August 31st 2017 - 10:36 UTC
Argentina considers renting fighter aircraft from Brazil for the G20 summit in Buenos Aires

Argentina will be hosting the 2018 G20 summit of world leaders and is considering renting fighter aircraft from Brazil as part of the security preparations since the country's air force is mostly grounded or with very limited interception and strike capacity, according to Argentine military sources.