Brazil

• Thursday, August 8th 2024 - 09:24 UTC

  Brazil records US$ 7.6 bi trade surplus in July

  

  Given that sales abroad reached an all-time high of US$ 30.9 billion in July, Brazil recorded a foreign trade surplus of US$ 7.6 billion, according to data released Tuesday by the Ministry of Development, Industry, Trade, and Services, which represented a 6.6% drop from the US$ 8.2 billion surplus in July 2023, Agencia Brasil reported.

• Wednesday, August 7th 2024 - 19:17 UTC

  Brazil: Over 5,000 deaths from dengue fever reported in 2024

  

  Brazilian authorities issued a bulletin attesting to 5,008 deaths due to dengue fever so far this year, Agencia Brasil reported. The total number was around fourfold that of the same period last year when 1,179 casualties were recorded. In addition, 2,137 deaths are still under investigation to determine whether they were caused by dengue.

• Wednesday, August 7th 2024 - 18:11 UTC

  Brazil's 2024/25 soy crop could reach 165 million

  

  Next mid September Brazil begins sowing the 2024/25 soybean harvest expected to reach a record harvest of 165 million tons, and export forecasts of 102 million tons, according to the agribusiness consultancy Stone X.

• Wednesday, August 7th 2024 - 09:00 UTC

  Lula lays the foundation stone of Chile's Space Center

  

  Brazilian President Luiz Inácio Lula da Silva Tuesday laid the foundation stone of Chile's planned Space Center at the Cerrillos Air Base in Santiago during a ceremony also attended by his local colleague Gabriel Boric Font. The two countries also signed a Memorandum of Understanding on Cooperation in Space Activities for Peaceful Purposes.

• Tuesday, August 6th 2024 - 20:31 UTC

  BCB's Copom would not hesitate to up Selic if need be

  

  Brazil Central Bank's Monetary Policy Committee (Copom) warned that it would not hesitate to up the basic Selic interest rate to make sure inflation meets the target if necessary.

• Tuesday, August 6th 2024 - 10:39 UTC

  Petrobras finds gas in the Colombian Caribbean and sets eyes on Namibia's potential

  

  Brazil's oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This new drill is considered an extension of a natural gas field drilled at the Uchuva 1 well back in 2022, at a depth of 830 meters.

• Tuesday, August 6th 2024 - 10:12 UTC

  Lula and Boric agree to have Bioceanic Corridor operational by 2025

  

  Presidents Gabriel Boric Font and Luiz Inácio Lula da Silva Monday agreed on the importance of speeding up the construction of the bioceanic corridor. They made those remarks while appearing at the Chile-Brazil Business Forum in Santiago. Later in the day, they also signed 19 bilateral understandings.

• Monday, August 5th 2024 - 08:52 UTC

  Lula lands in Chile to boost bilateral ties

  

  The Brazillian Air Force (FAB) jet carrying President Luiz Inácio Lula da Silva landed in Santiago Sunday evening. The visiting head of state was welcomed by Foreign Minister Alberto van Klaveren ahead of Monday's meeting with his Chilean colleague Gabriel Boric Font.

• Friday, August 2nd 2024 - 11:24 UTC

  PM Keir Starmer and Lula da Sila confirm close relations between Brazil/ UK 

  

  United Kingdom Prime Minister Keir Starmer spoke with Brazilian President Lula da Silva this week. The Brazilian President warmly welcomed the Prime Minister’s recent election victory, and the leaders discussed the close areas of collaboration between the UK and Brazil, including on climate and nature. 

• Thursday, August 1st 2024 - 23:00 UTC

  Petrobras increases yoy output in 2Q of 2024

  

  Brazil's State-run company Petrobras posted this week a 2.4% interannual increase in oil and natural gas output in the second quarter of 2024, with 2.7 million barrels of oil equivalent per day (boed) thanks to improving performances at five sea platforms and 12 wells, eight of them in the Campos Basin and four in the Santos one. However, compared to this year's first quarter of this year, average production fell 2.8% due to maintenance shutdowns and the natural decline of mature fields.