Brazil

• 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.

• Thursday, August 1st 2024 - 21:03 UTC

  Brazilian flag flies over Argentine Embassy in Caracas

  

  The Brazilian flag was hoisted Thursday at the Argentine Embassy in Caracas, where six Venezuelan asylum seekers were left behind by the departing diplomatic team.

• Thursday, August 1st 2024 - 09:11 UTC

  Brazil representing Argentine interests in Caracas

  

  Brazil's diplomatic mission in Caracas will be representing Argentina's interests starting Thursday at 9 am local time after the Venezuelan regime of President Nicolás Maduro expelled Buenos Aires' delegation given President Javier Milei's decision not to recognize the results of the elections announced last Sunday whereby the incumbent head of state would have been chosen for the 2025-2031 term.

• Thursday, August 1st 2024 - 09:07 UTC

  Brazil's Copom keeps Selic unchanged

  

  Brazil's Central Bank (BCB) Monetary Policy Committee (Copom) unanimously agreed Wednesday to keep the Selic basic interest rate at 10.5% per year, Agencia Brasil reported. The measure followed through on June's decision to stop the downward cycle that spanned from August last year until March this year, during which the Selic was lowered by 0.5 percentage points at each meeting until in May it was 0.25 percentage points.

• Wednesday, July 31st 2024 - 10:55 UTC

  Lula and Biden discuss Venezuelan elections and put pressure on Maduro

  

  Presidents Luiz Inácio Lula da Silva of Brazil and Joseph Biden of the United States Tuesday discussed the Venezuelan crisis during a telephone conversation, Agencia Brasil reported. The South American leader insisted on the importance of the minutes of each voting station being released and Biden concurred.

• Tuesday, July 30th 2024 - 09:23 UTC

  Lula would negotiate with Gustavo Petro to demand transparency in Venezuela's Elections

  

  In response to the controversial presidential elections in Venezuela, which declared Nicolás Maduro the winner with 50.20% of the vote without transparency, Brazilian President Luiz Inácio Lula da Silva is negotiating a joint statement with Colombian President Gustavo Petro and Mexican President Andrés Manuel López Obrador. This statement would demand a transparent recount of the votes to ensure legitimacy and accuracy in the electoral process.

• Monday, July 29th 2024 - 22:03 UTC

  Lula's gov't not congratulating Maduro for now

  

  While many governments in the region said they were doubting Venezuelan President Nicolás Maduro's reelection on Sunday, the Brazilian administration of Luiz Inácio Lula da Silva reaffirmed the fundamental principle of popular sovereignty and said it would wait for the release of all the minutes before congratulations are in order, Agencia Brasil reported.