Brazil

• Friday, November 13th 2015 - 08:54 UTC

  Brazil's main opposition party insists in removing speaker of the Lower House

  

  The Brazilian Social Democracy Party (PSDB), the largest opposition force in the country, demanded that the president of the Chamber of Deputies, Eduardo Cunha, be removed from office for alleged involvement in corruption detected in state oil company Petrobras.

• Thursday, November 12th 2015 - 10:04 UTC

  Brazil increases soybean forecast output to 102.8m tons for the 2015/16 season

  

  The Brazilian government increased its forecasts for what’s already expected to be a record season for soybean output and exports as farmers expand the planted area while yield prospects rise on above-average rainfall.

• Thursday, November 12th 2015 - 08:16 UTC

  Brazilian ex-central bank orthodox president is back on stage called by Lula da Silva

  

  Brazil's former central bank chief Henrique Meirelles said on Wednesday he was not invited to take over the finance ministry and insisted the government needs to push ahead with unpopular austerity measures to pull the economy out of recession.

• Thursday, November 12th 2015 - 08:07 UTC

  Petrobras striking workers consider salary offer but insist the company must reverse investment cuts

  

  Brazil's energy giant Petrobras offered striking workers a 9.54% wage hike on Wednesday in an effort to end a 10-day strike and prevent it from causing further production losses. But union officials said the deal makes almost no concessions on their most important demands. These include calls on Petrobras to reverse investment cuts and block planned assets sales designed to reduce Petrobras' debt.

• Wednesday, November 11th 2015 - 07:07 UTC

  Brazil's mining disaster impacts BHP Billiton shares on fears of cleanup costs

  

  Investors continued to dump shares in mining giant BHP Billiton Ltd. following the deadly dam burst last week at its jointly owned iron-ore mine in Brazil, even as the company sought to clarify responsibility for the disaster that has already claimed the lives of three people.

• Tuesday, November 10th 2015 - 08:05 UTC

  Brazil's mining disaster forces cities 300km downstream to cut drinking water supply

  

  Mud and wastewater from burst dams at a Brazilian iron ore mine cut off drinking water and raised health and environmental concerns in cities more than 300 km downstream on Monday, amid increasingly dire search efforts in a village devastated by the mudslides.

• Tuesday, November 10th 2015 - 07:13 UTC

  Brazilian economy forecasted to contract 3.10%, says central bank survey

  

  Brazil's economy will contract by 3.10% this year, with the inflation rate hitting 9.99%, the Central Bank said Monday, citing its weekly survey of private sector economic analysts. Last week, analysts said they expected Brazil's economy to contract by 3.05% this year and the inflation rate to be 9.91%.

• Tuesday, November 10th 2015 - 06:49 UTC

  Another can of worms in Petrobras: 1.2bn dollars for a century old Texas refinery

  

  Brazilian officials are investigating allegations that Petrobras overpaid hundreds of millions of dollars for the Pasadena, Texas, refinery and funneled money into a massive kickback scheme that's led to dozens of convictions and arrests and fueled calls for the impeachment of president Dilma Rousseff, who chaired the company until 2010.

• Monday, November 9th 2015 - 08:54 UTC

  Brazil's annual inflation just below 10%, the highest in 12 years

  

  Brazil's annual inflation rate accelerated in October to just below 10%, the highest reading in almost 12 years, after sharp fuel and food price hikes. Consumer prices, as measured by the benchmark IPCA index, rose 9.93% in 12 months through October, up from 9.49% in September, statistics agency IBGE said in a release. In the first ten months of the year inflation reached 8.52%

• Monday, November 9th 2015 - 08:02 UTC

  Mining disaster in Brazil: 28 remain disappeared; BHP Billiton CEO flying to Minas Gerais

  

  Brazilian authorities are still struggling to determine what caused the rupture in dams at an iron ore mine and desperately working to recover the bodies of as many as 28 people believed to have been swept away in the massive mudflow and flood.