Brazil

Thursday, August 31st 2023 - 09:42 UTC
Brazil's oil production hits record figures in July

According to a document released Wednesday by Brazil's ANP oil agency, South America's largest country produced 4.482 million barrels of oil equivalent per day, Agencia Brasil reported. The amount was the highest in recorded history.
Thursday, August 31st 2023 - 09:21 UTC
4 countries against Argentina collecting tolls on Paraná Waterway

Paraguay, Brazil, Bolivia, and Uruguay insisted Wednesday on their objections to Argentina collecting tolls on the Paraná River Waterway and demanded the latter to halt that practice until it demonstrates services effectively rendered to navigation justify the measure.
Wednesday, August 30th 2023 - 09:55 UTC
Lula announces new ministry for SMEs

As part of his efforts to develop over 2 million formal jobs by the end of the year, Brazilian President Luiz Inácio Lula da Silva said Tuesday he would create a ministry to deal with issues linked to small and medium-sized enterprises, assisting those who wish to become entrepreneurs, Agencia Brasil reported. It will be the 38th ministry in Lula’s administration
Wednesday, August 30th 2023 - 09:38 UTC
Minerva's latest move shakes up Uruguay's meat processing landscape

Conrado Ferber, President of the National Meat Institute (INAC) of Uruguay, expressed his concerns on Tuesday regarding Minerva Foods' proposed acquisition of three meat processing plants from Marfrig. If the deal is finalized, it would result in one of the Brazilian multinational corporations controlling 45% of the southern country slaughterhouse market.
Wednesday, August 30th 2023 - 08:02 UTC
Brazil closely monitoring evolution of Chinese economy: real estate sector linked to iron ore exports

Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.
Tuesday, August 29th 2023 - 10:02 UTC
Brazil: Temporary tax on the super-rich enacted

Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.
Tuesday, August 29th 2023 - 09:59 UTC
Marfrig and Minerva agree to major moves in the global meat markets

Marfrig and Minerva the two protein production and processing giants, from Brazil, and which dominate a significant share to the global market have agreed to concentrate in different spheres of the market, in a deal that has shaken the whole industry.
Tuesday, August 29th 2023 - 09:41 UTC
New financing deal reached for trade between Argentina and Brazil

Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.
Tuesday, August 29th 2023 - 06:34 UTC
Brazil manages record soybean exports, at lower prices, but much will now depend on the US crop

Despite the slow pace of soybean trade in the past five years, the first seven months of 2023 have seen Brazil achieve a record volume of exports, reaching over 70 million tons, as reported by the country’s National Supply Company (Conab) last week.
Monday, August 28th 2023 - 09:11 UTC
Paraguay and Brazil agree on data exchange to expedite border crossings

Mercosur partners Paraguay and Brazil have agreed to exchange migratory information to strengthen bilateral security across mutual border crossings, it was reported in Asunción.