Brazil

Thursday, August 3rd 2023 - 10:50 UTC
Relief in Brazil, Central bank lowers benchmark interest rate by 50 basis points

Wednesday relief for the Brazilian government, the central bank decided on a more aggresive rate-cutting reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook.
Thursday, August 3rd 2023 - 10:35 UTC
Lula supports several countries joining BRICS, “if they comply with our rules”

Brazilian President Lula da Silva said on Wednesday that he supports more countries joining the BRICS group of large developing nations, (Brazil, Russia, India, China, and South Africa) when the group holds its summit in Johannesburg from Aug. 22 to 24.
Thursday, August 3rd 2023 - 10:31 UTC
Police operation in Rio de Janeiro favelas leaves 10 killed

A police operation in Rio de Janeiro slums known as favelas aimed at “locating and arresting members of criminal groups” has left 10 people killed, according to local media reports, thus bringing to 45 the number of deaths in similar operations by security forces nationwide in the last six days.
Thursday, August 3rd 2023 - 10:07 UTC
Random executions reported in Brazilian State of São Paulo

Brazilian Military Police (PM) forces have allegedly committed extra-judiciary executions during Operation Shield in the past few days in the city of Guarujá, on the coast of São Paulo, Agencia Brasil reported Wednesday. The officers randomly killed people identified as former prison inmates or with a police record, according to residents of the neighborhoods where the deaths occurred.
Thursday, August 3rd 2023 - 10:05 UTC
The world must help Brazil preserve the Amazon, says Lula

Brazilian President Luiz Inácio Lula da Silva Wednesday insisted that “The world must help” his country preserve the Amazon after deforestation in that natural area went down by 33.6% in the first semester of 2023, following Lula's Jan. 1 inauguration.
Thursday, August 3rd 2023 - 07:05 UTC
Petrobras processing more oil in domestic refineries, as export volumes drop 22%

Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.
Wednesday, August 2nd 2023 - 10:35 UTC
Ten killed in controversial police raid in Brazilian State of São Paulo

Brazilian authorities in the State of São Paulo confirmed ten people had died in a law enforcement operation following the murder of 30-year-old Military Police officer Patrick Bastos Reis. Commissioner Antônio Sucupira of Guarujá's Civil Police said two other people died Monday after Governor Tarcísio Gomes de Freitas had spoken of eight casualties. Ten others were arrested, including the suspected shooter, it was reported.
Tuesday, August 1st 2023 - 12:19 UTC
Brazil dominates increasing share of China's soybean market

The world’s soybean market is dominated by one major buyer: China, and for years, Mercosur's leading member Brazil has taken an increasingly bigger share of that trade away from the US. So much so that Brazilian shippers are even starting to dominate during the typical season lull.
Tuesday, August 1st 2023 - 10:16 UTC
Brazilian traders want federal gov't involved in Paraná River Waterway toll dispute

The Brazilian Association for the Development of Inland Navigation (Abani) requested the Brazilian Foreign Ministry takes steps after the Argentine decision to seize a vessel of a Brazilian company in Greater Rosario due to debts in the payment of tolls for using the Paraná River waterway, it was reported.
Monday, July 31st 2023 - 10:06 UTC
Brazilian black women march through Copacabana against racism and violence

Representatives from various parts of the state of Rio de Janeiro took part Sunday along the Copacabana in the 9th Black Women's March under the motto Black Women United against Racism, All Forms of Oppression, Violence and for the Good Life, Agencia Brasil reported.