Brazil

Saturday, October 23rd 2021 - 09:55 UTC
Brazilian financial markets get shaky after Bolsonaro insists on increasing social spending

Brazil's President Jair Bolsonaro Friday insisted he would not take any adventurous steps as he expressed his full support for Economy Minister Paulo Guedes amidst a rocking financial market.
Saturday, October 23rd 2021 - 09:34 UTC
Brazil's Guedes pushing for higher interest rates to contain inflation

Brazilian orthodox Economy minister Paulo Guedes has not resigned and has no intention of resigning despite the fact he will have to live with the exceptional expenditure of some 45bn Reais, as part of the Auxilio Brazil support program for vulnerable families and president Jair Bolsonaro's 2022 reelection plan.
Saturday, October 23rd 2021 - 09:13 UTC
Blinken says the US has plans to curb Amazon deforestation

US Secretary of State Antony Blinken Thursday announced while on an official trip to Colombia that his country would launch a regional pact to reduce deforestation throughout the Amazon
Friday, October 22nd 2021 - 09:44 UTC
Brazil's Economy Minister shakes markets with unexpected announcement

Economy Minister Paulo Guedes' announcements Thursday shook Brazilian markets after the official admitted he might not meet the public spending ceiling.
Thursday, October 21st 2021 - 09:44 UTC
Brazil's CPI finds Bolsonaro should face 10 criminal charges for his handling of the COVID-19 crisis

Brazilian Senator Renan Calheiros, rapporteur of the Upper House's Parliamentarian Commission (CPI) investigating President Jair Bolsonaro for his handling of the COVID-19 pandemic, Wednesday announced 10 criminal charges were to be filed against the head of state.
Thursday, October 21st 2021 - 09:00 UTC
China deals blow to Brazilian economy by holding import ban on meat

China's decision to uphold a ban on meat imports from Brazil means US $ 450 million less for the coffers of President Jair Bolsonaro's administration, it was reported Wednesday. It was also good news for Uruguay.
Wednesday, October 20th 2021 - 09:50 UTC
Presidents Duque and Bolsonaro show mutual understanding during Brasilia meeting

Brazil's President Jair Bolsonaro Tuesday welcomed his Colombian counterpart Iván Duque in Brasilia to discuss bilateral issues as well as a joint agenda ahead of the COP-26 environmental summit next month in Glasgow.
Wednesday, October 20th 2021 - 09:25 UTC
Brazilian markets plummet on new money support program that ignores budget expenditure cap

Contrary to optimism in world markets, shares in Brazil dropped 3,28% on average following news of a new “Brazil Auxilio” program intended to give monetary support to some 17 million families described as vulnerable or suffering the consequences of Covid-19. But to achieve this the budget cap on expenditure must be violated or hidden behind some accounting cosmetics.
Wednesday, October 20th 2021 - 09:20 UTC
Brazilian Navy sailship hits pedestrian bridge in Guayaquil

A Brazilian Navy training sailship Monday ran into a mobile pedestrian bridge across the Guayas River, in Guayaquil, Ecuador and nearly sank while performing training manoeuvres.
Wednesday, October 20th 2021 - 09:05 UTC
Brazil impatient as China has yet to return to purchase beef

Brazil's minister of agriculture and livestock Tereza Cristina has sent a letter to the head of Beijing's Customs office in which she expresses her willingness to discuss the current ban on Brazilian beef exports to China, according to farm media.