Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, August 4th 2025 - 05:42 UTC

Brazil

  • Saturday, July 8th 2017 - 10:12 UTC

    Canning House to host round table with UK ambassadors from Southern Cone

    Ian Duddy took up post as Ambassador to Uruguay in October 2016

    British Ambassadors to the Southern Cone countries, Argentina, Brazil, Uruguay and Chile will be attending Canning House to give round-table briefings on their experiences since their recent appointments to their respective posts. They will present the latest political, economic and business updates from those countries and answer any questions during the closed round-table session.

  • Saturday, July 8th 2017 - 09:41 UTC

    Brazilian government prunes the corruption investigation “Operation Car Wash”

    “Operation Car Wash,” is Brazil's largest-ever corruption probe. It has jailed top politicians and business executives and led to allegations against President Temer.

    Brazil's federal police announced late Thursday that they are shutting down the primary task force assigned to a jumbo corruption investigation, drawing criticism from prosecutors who said it would undermine the probe. The investigation, known as “Operation Car Wash,” is Brazil's largest-ever corruption probe. It has jailed top politicians and business executives and led to allegations against President Michel Temer.

  • Friday, July 7th 2017 - 07:01 UTC

    Temer's defense and allies working for a quick end to political uncertainty

    Brazil's top prosecutor accuses Temer of accepting bribes from businesspeople in exchange for political favors.

    Embattled Brazilian President Michel Temer quickly presented his legal defense against corruption allegations to lawmakers, a move seen as a bid to reduce the likelihood of being suspended from office and tried at the Supreme Court. Temer's lawyer submitted the defense on the second day of Chamber of Deputies commission proceedings to consider the matter, eight days ahead of deadline.

  • Thursday, July 6th 2017 - 19:16 UTC

    Chinese company will exploit energy resources in Brazil

    Since 2013, Petrobras and CNPC have partnered to explore the Libra offshore oilfield in southeast Brazil, considered the most valuable oilfield in the country

    Petrobras announced that it signed a memorandum of understanding with the China National Petroleum Corporation (CNPC) to exploit energy resources in Brazil and abroad. In the statement, Petrobras said that the deal will allow the two state oil companies to benefit from each other's capacity and experience in oil and gas production.

  • Thursday, July 6th 2017 - 10:17 UTC

    Soybeans and corn record crops challenge Brazil's storage capacity

    Local prices to growers are down 29% from a year earlier, so farmers are stashing soybeans anywhere they can rather than sell, which is creating a storage crunch

    Brazilian farmers are discovering a serious obstacle to becoming one of the world’s top producers of soybeans: they’re running out of room to store all the unsold supply. The biggest harvest in the country’s history is poised to leave domestic inventories at a record, data from the processors’ group Abiove show.

  • Thursday, July 6th 2017 - 06:57 UTC

    Brazilian plan to review purchase of Bolivian natural gas

    Petrobras, which financed and built the pipeline on both sides of the border, is allowed to buy up to 30.1 million cubic meters of gas per day

    Petrobras should cut the maximum amount of natural gas it buys from neighboring Bolivia in half in an effort to encourage domestic importers and distributors to enter the market, according to a Brazilian government study.

  • Thursday, July 6th 2017 - 06:42 UTC

    Petrobras awards pipeline inspection services contract to Fugro and its new vessel

    Built specifically for the Brazilian market by Wilson Sons shipyard in São Paulo, Fugro Aquarius is an 83-m, DP-2 ROV support vessel.

    Netherlands Fugro has been awarded a further two-year contract by Petrobras to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.

  • Wednesday, July 5th 2017 - 20:52 UTC

    Brazilian industrial output grows for a second month during May

    Automobile production jumped 9.0%, supported by strong exports that also helped Brazil's trade balance record their two largest monthly surpluses on record

    Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.

  • Wednesday, July 5th 2017 - 08:29 UTC

    Close ally of President Temer arrested on charges of corruption in state bank

    Prosecutors say Mr. Vieira Lima tried to block investigations into state bank Caixa Economica Federal.

    Brazilian police have arrested a close ally of President Michel Temer as part of a corruption investigation into a government-controlled bank. Geddel Vieira Lima, a former cabinet minister, had been in charge of Temer's relations with Congress.

  • Wednesday, July 5th 2017 - 03:31 UTC

    Brazil records brand new car sales recovery in first half of 2017

    Brazil has been a traditional top-10 global market for cars.

    The sale of brand new cars in Mercosur giant Brazil went up 3.65 percent in the first half of 2017 compared to the same period of 2016 and crossing the psychologically significant 1-million-unit mark, according to auto industry sources. Brazil has been a traditional top-10 global market for cars.