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MercoPress, en Español

Montevideo, April 5th 2025 - 05:29 UTC

Brazil

  • Wednesday, December 4th 2024 - 21:30 UTC

    Brazil: IBGE says growth in 3Q reached 0.9%

    The IBGE also reported that the GDP growth for 2023, previously published as 2.9%, has been revised upward to 3.2%

    Brazil's economy grew 0.9% in the third quarter of 2024, according to data released this week, Agencia Brazil reported Wednesday citing figures from Brazil's Institute of Geography and Statistics (IBGE), which represented a 4% yoy increase in the country's Gross Domestic Product (GDP)—the total of all goods and services produced nationwide.

  • Wednesday, December 4th 2024 - 09:54 UTC

    Uruguayans do their shopping in Brazil to capitalize on surging US dollar

    Things are usually less expensive on the Brazilian side but the gap has gone wider after recent devaluations of the real

    Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.

  • Tuesday, December 3rd 2024 - 10:55 UTC

    Paris’ obsession against a deal with Mercosur: shortcomings of French agribusiness

    French agribusiness has struggled to maintain competitiveness, not only against producers outside the EU but also within the bloc, particularly Poland and Romania.

    Why is France so committed to avoid making viable the European Union/Mercosur trade and cooperation agreement? Interest group in France argue that domestic agribusiness has been undergoing profound structural changes over the past few decades, among which declining productivity, rising costs, and a waning interest among younger generations in pursuing agricultural work.

  • Tuesday, December 3rd 2024 - 10:33 UTC

    What will the Mercosur summit discuss?

    As Uruguay prepares to hand over Mercosur’s pro tempore presidency to Argentina, this summit could define the bloc’s path forward amid global trade uncertainties

    Montevideo will host the XLV Mercosur Summit on 5-6 December, bringing together South American leaders to discuss pressing regional issues. Outgoing Uruguayan President Luis Lacalle Pou will chair the meeting, along with Argentina's Javier Milei, Brazil's Luiz Inácio Lula da Silva and Paraguay's Santiago Peña. Uruguay's President-elect Yamandú Orsi will also attend.

  • Tuesday, December 3rd 2024 - 09:45 UTC

    Rio de Janeiro up for busy cruise ship activity this month

    Between December 25 and 31, over 22,000 tourists are expected through the Mauá Pier terminal

    Rio de Janeiro authorities confirmed that the cruise ship industry is expected to bring some 74,000 tourists this month, Agencia Brasil reported Monday after the season kicked off Sunday with the arrival of the first five of nine vessels. During the holiday season alone, between December 25 and 31, over 22,000 tourists will pass through the Mauá Pier terminal.

  • Tuesday, December 3rd 2024 - 09:40 UTC

    Brazil's Anatel gives nod to 5G nationwide

    Operators can start installing 5G technology but it will not be operational until 2029

    Brazil's National Telecommunications Agency (Anatel) and the Band Management Entity (EAF) announced that the 3.5 gigahertz (GHz) frequency band, intended for 5G, had been “cleared” as of Monday, after the total removal of interference that prevented the activation of the signal in the 5,570 municipalities nationwide, Agencia Brasil reported.

  • Monday, December 2nd 2024 - 09:04 UTC

    Over 672,000 patients treated with medical cannabis in Brazil

    Turnover is expected to reach R$ 1 billion (R$ 166.66 million) by 2025

    According to a yearbook released last week by Kaya Mind, a company that promotes the benefits and business opportunities related to cannabis, over 672,000 patients had been given these treatments, which represented a 56% increase from last year, Agencia Brasil reported.

  • Saturday, November 30th 2024 - 10:39 UTC

    Sharp fall in unemployment in Brazil

    Marinho said that high interest rates have contributed to the slowdown in job creation

    According to the latest issue of Brazil's Institute of Geography and Statistics (IBGE) Household Sample Survey, unemployment stood at 6.2% in the quarter ending last month, Agencia Brasil reported. It was the lowest mark since the measurement began being tracked in 2012. The previous quarter, ending in July, had a rate of 6.8%, while in the same quarter last year, ending in October, the rate stood at 7.6%.

  • Saturday, November 30th 2024 - 10:25 UTC

    Brazil: US dollar pierces R$ 6 barrier

    Brazil's Central Bank (BCB) did not intervene in the exchange rate

    The US dollar closed for the first time above the psychological R$ 6 barrier on another turbulent day in Brazil's markets, Agencia Brasil reported. The local scene continued to reverberate after the spending cut package announced earlier this week by Finance Minister Fernando Haddad, also impacting the stock exchange scene during the day.

  • Saturday, November 30th 2024 - 10:21 UTC

    Brazil successfully completes first phase of Operation Potiguar

    The second phase of Operation Potiguar is scheduled for the second half of 2025

    Brazil's Air Force confirmed Friday the successful launch of an unmanned rocket into space. The unit was built with 100% national technology, it was also explained at the Barreira do Inferno Center in Parnamirim, in the State of Rio Grande do Norte.