Brazil

• Thursday, August 4th 2022 - 10:01 UTC

  Brazil raises benchmark interest rate to 13,75%, and possibly more to come

  

  Brazil's central bank raised its benchmark interest rate 50 basis points to a record 13,75%, (the highest since January 2017), anticipating that the tightening cycle, may not be over given the stubborn high domestic inflation and “adverse and volatile” global situation.

• Thursday, August 4th 2022 - 09:55 UTC

  Brazil: Subsidies help Bolsonaro narrow electoral gap from Lula

  

  Brazilian President Jair Bolsonaro's popularity among lower-class people was on the rise 2 months ahead of the elections, according to a survey released Wednesday.

• Wednesday, August 3rd 2022 - 21:26 UTC

  Brazil's STF Chief Justice insists there are legal instruments against fake news

  

  Brazil's Supreme Federal Court (STF) Chief Justice Luiz Fux said Wednesday that spreading information known to be false during the election period is a threat to the democratic system. For him, Brazil has instruments to combat “head-on” this risk.

• Wednesday, August 3rd 2022 - 08:50 UTC

  Brazilian industrial exports to neighboring South American countries booming

  

  As the global economy recovers from the Covid 19 pandemic and its contracting influence on production and trade, Brazil's commercial relations with South American neighboring countries soared by 64,7% last year, and is expected to do even better by the end of 2022. (7,3bn)

• Wednesday, August 3rd 2022 - 08:00 UTC

  Freight costs between Santos and Shanghai skyrocket 400% in two years

  

  Sea freight cost between Santos, Brazil and Shanghai, China have risen 400% in two years. The hike was one of the main consequences of the covid-19 pandemic on Brazilian logistics, according to a study by a task force of the National Waterway Transportation Agency (Antaq) released last week

• Tuesday, August 2nd 2022 - 21:10 UTC

  Bolsonaro worried about prison time if not reelected

  

  “I shoot to kill nobody takes me, prisoner, I prefer to die,” Brazilian President Jair Bolsonaro was quoted as saying when confronted with the possibility that criminal charges against him would proceed if he is not reelected in October and loses his immunity.

• Tuesday, August 2nd 2022 - 09:18 UTC

  Consensus among Mercosur countries to tackle monkeypox

  

  Uruguayan Health Minister Daniel Salinas Monday announced health authorities within Mercosur were drafting a joint plan to fight the monkeypox outbreak.

• Tuesday, August 2nd 2022 - 09:15 UTC

  Uruguay, Brazil agree to boost tourism at the border

  

  Tourism authorities from Brazil and Uruguay agreed over the weekend on a series of measures to boost the industry between the two countries during the Brazil-Uruguay Integration Forum held July 30 at the Rivera City Hall.

• Monday, August 1st 2022 - 20:56 UTC

  Brazilian customers have bought over 100,000 electric vehicles

  

  The Brazilian market of battery-powered vehicles has crossed the psychologically relevant threshold of 100,000 units in circulation nationwide, as sales of this type of vehicle grew 47% yoy in the first semester of 2022, it was reported.

• Saturday, July 30th 2022 - 09:54 UTC

  Bolsonaro insists on privatization of the port of Santos by end of the year

  

  The Brazilian port of Santos the largest and busiest of South America, is in the short list of government assets to be privatized by the end of the year, according to a decree published in the Federal Gazette, and signed by president Jair Bolsonaro.