Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, September 29th 2026 - 16:23 UTC

Brazil

  • Saturday, September 23rd 2023 - 12:04 UTC

    Brazil central bank lowers interest rate for second month running

    The central bank lowered its interest rate by 50 basis points to 13.25% in early August -- its first rate cut in three years.

    Brazil’s central bank this week lowered its interest rate by 50 basis points to 12.75% -- its second consecutive rate cut. Banco Central do Brasil last made a rate hike of 50 basis points in August 2022, carrying the rate to 13.75%, the highest since early 2017, and significantly up from a record low of 2% in March 2021.

  • Friday, September 22nd 2023 - 09:45 UTC

    Brazil: illegal mining spreads onto 35,000 hectares

    “The size of these mines stands out on the maps and is easily identifiable even by laypeople,” Diniz said

    According to a study released Friday by MapBiomas, a website that gathers data and information on Brazilian biomes, from the soil to the Amazon, including mining, fire, and water, illegal mining in Brazil grew by 35,000 hectares in 2022 compared to the previous year, Agencia Brasil reported.

  • Thursday, September 21st 2023 - 11:03 UTC

    Ukrainian leader holds meetings with Lula and Boric

    “Ukraine is interested in deepening cooperation with Latin America,” Zelensky said

    Ukrainian President Volodymyr Zelensky Wednesday met separately with his Brazilian and Chilean colleagues on the sidelines of the United Nations General Assembly in New York.

  • Thursday, September 21st 2023 - 10:23 UTC

    Argentine democracy in danger, Lula tells Biden

    “I've never seen an American president speak so much and so well of workers as you have,” Lula also pointed out to Biden

    Brazilian President Luiz Inácio Lula da Silva Wednesday warned his US colleague Joseph Biden in New York on the sidelines of the United Nations 78th General Assembly that democracy in Argentina was in danger as “extremist sectors” were gaining ground.

  • Wednesday, September 20th 2023 - 09:48 UTC

    Mercosur's future at stake in Argentina's elections, Brazilian minister says

    “I don't know what will become of Mercosur if the agreement isn't closed and we have an 'exotic' election result in Argentina,” Haddad said

    Brazilian Finance Minister Fernando Haddad said in New York that he believed the future of Mercosur hinged on the outcome of this year's presidential elections in Argentina, Agencia Brasil reported. He also denounced France's attempt to delay the Mercosur-EU trade agreement from becoming effective.

  • Wednesday, September 20th 2023 - 09:19 UTC

    UN: Lula warns multilateralism is being eroded

    “Stability and security will not be achieved where there is social exclusion and inequality,” Lula told the UNGA

    Brazilian President Luiz Inácio Lula da Silva told the United Nations General Assembly in New York on Tuesday that global multilateralism is being eroded, Agencia Brasil reported. In his eighth speech to the forum and the first of his third presidency, Lula also spoke about protectionism and the difficulty of resolving conflicts.

  • Monday, September 18th 2023 - 10:32 UTC

    14 killed in Brazilian Amazonia plane crash

    The EMB-110 can accommodate up to 18 passengers

    Fourteen people were killed during the weekend when an Embraer 110 Bandeirante twin turboprop from Manaus, the capital of the State of Amazonas, tried to land in the tourist resort of Barcelos in heavy rain and poor visibility, it was reported. The aircraft belonged to the ManausAerotáxi company.

  • Monday, September 18th 2023 - 10:03 UTC

    Lula's team still working on an appointment with Zelensky

    Zelensky has tried for months to talk with Lula

    Brazilian President Luiz Inácio Lula da Silva has reportedly offered his Ukrainian counterpart Volodymyr Zelensky two slots on his agenda for a bilateral meeting on the sides of this week's 78th United Nations General Assembly (UNGA) in New York.

  • Friday, September 15th 2023 - 10:27 UTC

    Three Jan. 8 rioters given prison sentences by Brazil's STF

    Most judges followed case rapporteur De Moraes' rationale

    Brazil's Supreme Federal Court (STF) Thursday handed down prison sentences to three defendants involved in the Jan. 8 riots in Brasilia during which the headquarters of the country's three branches of government were ransacked, Agencia Brasil reported

  • Thursday, September 14th 2023 - 12:00 UTC

    Lula puts a deadline for the Mercosur/EU trade agreement: second half of 2023

    ”They are always blaming Brazil, Argentina, Mercosur, but I'm saying, we want the agreement, and we need it,” Lula underlined, but treated on “equal terms”

    Brazil wants to finally sign the pending trade agreement between Mercosur and the European Union, however, the deal must take place on “equal terms” and negotiations will be halted if they don't progress this semester. The statement was from President Lula da Silva at the end of the G20 summit in India.