Brazil

Tuesday, December 20th 2022 - 08:21 UTC
Port of Santos privatization process frozen on request from the Brazilian Audits Court

Three ministers from Brazil's Federal Court of Audits TCU asked last Friday for a reassessment of the privatization process of the Port of Santos administration. The issue should be put back into the discussion in 45 days. The rapporteur, Minister Bruno Dantas, suggested giving preference to the privatization of smaller ports before addressing Santos.
Monday, December 19th 2022 - 19:54 UTC
STF Judge says Lula's planned aid spending not bound by constitutional cap

Brazilian Supreme Federal Court (STF) Justice Gilmar Mendes Monday said additional expenditures for the Auxilio Brasil aid program in 2023 do not fall within the constitutional spending cap, thus clearing the way for President-elect Luiz Inácio Lula Da Silva to fulfill one of his campaign promises once he takes office Jan. 1.
Monday, December 19th 2022 - 19:09 UTC
Slight adjustment to Brazil's inflation projection for 2022

Brazil's National Wide Consumer Price Index (IPCA) is now expected to have grown 5.76% by the end of the year, a marginal drop from the 5.79% projected in the previous Focus Bulletin weekly report by South America's largest country's Central Bank.
Monday, December 19th 2022 - 10:03 UTC
Strike at most Brazilian airports still on after court proposal rejected

Brazil's National Union of Aeronauts (SNA) announced that the strike planned for Monday at the main airports nationwide by pilots and flight attendants was still on after they rejected a proposal from the Superior Labor Court (TST).
Monday, December 19th 2022 - 09:51 UTC
Pelé congratulates Messi and Mbappé for historic World Cup final

Brazilian football legend Edson Arantes do Nascimento, better known as Pelé, congratulated Argentina's Lionel Messi on winning the World Cup and France's Kylian Mbappé for scoring four goals during Sunday's final.
Saturday, December 17th 2022 - 07:09 UTC
Fears of a record breaking global soybean harvest, and insufficient demand

Brazil is on track for a record-high Brazilian soybean harvest in the marketing year 2022-23 (January-December 2023), based on forecasts from commodity consultancies and government-owned institutions. The likely estimate means a looming oversupply expected to remain until at least mid-2023.
Friday, December 16th 2022 - 19:24 UTC
Major Brazilian airline pilots, flight attendants announce daily stoppage

Brazilian airline pilots and flight attendants have announced a large-scale indefinite strike for next Monday which will paralyze for 2 hours the country's major carriers and their operations at the main air terminals, the National Union of Aeronauts (SNA) announced.
Friday, December 16th 2022 - 08:03 UTC
Brazil's STF orders 103 searches targetting Bolsonaro followers

Investigators were instructed to carry out 103 searches and four arrest warrants by Brazil's Supreme Federal Court (STF) in the case of the “anti-democratic acts” that allegedly pursued a coup d'état against President-elect Luiz Inácio Lula da Silva.
Thursday, December 15th 2022 - 11:13 UTC
Study shows inflation slowing down in Brazil

According to a study released Wednesday, Brazil's inflation in November was below that of October for all income groups.
Thursday, December 15th 2022 - 11:07 UTC
Lula's inauguration to be attended by 17 heads of state

Brazil's Foreign Ministry Wednesday confirmed that 17 heads of state will be attending Luiz Inácio Lula da Silva's third presidential inauguration on Jan. 1, 2023.