Brazil

Friday, February 26th 2021 - 09:40 UTC
Brazil's share of Electrobras will fall to 45% from 61% under the privatization deal

Brazil’s government will cut its stake in power company Centrais Eletricas Brasileiras SA , or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry announced on Wednesday.
Friday, February 26th 2021 - 09:17 UTC
Brazil's death toll in twelve months of coronavirus, 250,000

One year ago on Thursday, Brazil confirmed its first case of coronavirus. The same day it recorded a quarter of a million deaths from the disease the virus causes and more than 10 million cases since the beginning of the pandemic.
Thursday, February 25th 2021 - 10:37 UTC
Bolsonaro praises Economy minister Guedes trying to overcome the Petrobras controversy

Brazilian President Jair Bolsonaro praised his Economy Minister Paulo Guedes as the “anchor” of his government, in an attempt to quash speculation of a deepening division between the two after Bolsonaro last week ousted Petrobras CEO triggering a plunge in markets.
Thursday, February 25th 2021 - 08:44 UTC
Brazilian border state of Acre chastised by the spell of several plagues

Brazilian President Jair Bolsonaro on Wednesday visited the state of Acre, in the Amazon rainforest, where several cities have been submerged in floodwaters, adding yet another challenge for the beleaguered state.
Thursday, February 25th 2021 - 08:44 UTC
Brazil reaffirms electricity provider Electobras privatization, except for nuclear plants and Itaipu dam

Brazilian President Jair Bolsonaro went to Congress to deliver a provisional measure associated with his government’s plans to privatize state-run electricity provider Eletrobras.
Wednesday, February 24th 2021 - 08:58 UTC
Bolsonaro poised to ensure the removal of Petrobras CEO

Brazilian president seems poised to win his controversial struggle over the removal of the country's giant oil and gas company Petrobras CEO, and replacement by a former Army general. In effect, Petrobras on Tuesday called an extraordinary shareholders' meeting, a move that all but guarantees the exit of CEO Roberto Castello Branco.
Tuesday, February 23rd 2021 - 13:38 UTC
Green hydrogen hub planned in northeast Brazil

A US$ 5.4bn green hydrogen hub has been planned in Ceará, northeast Brazil, and most probably the first-of-its-kind in Latin America. Set to be located at the Pecém Industrial and Port Complex (CIPP), 60km from Fortaleza, the hub will be built by Australia’s Enegix Energy.
Tuesday, February 23rd 2021 - 13:29 UTC
Halal chicken dispute blocks Brazil/Indonesia free trade talks

Brazil should only begin free trade talks with Indonesia if it adopts recommendations made by a World Trade Organization panel in 2017 after a dispute over halal chicken, Brazil's meat lobby ABPA said in a letter sent to three government ministries.
Tuesday, February 23rd 2021 - 09:07 UTC
February a poor month for industrial confidence in Brazil

A survey from the prestigious Getulio Vargas foundation showed that Brazilian industrial confidence fell in February for a second consecutive month, further evidence that the economy is losing steam and could even contract in the first quarter.
Tuesday, February 23rd 2021 - 08:11 UTC
Bolsonaro's arrogance plunges Bovespa index 4% and Petrobras shares 21%

Brazil’s benchmark Bovespa index fell more than 4% Monday following President Jair Bolsonaro's decision last week to replace the chief executive of state oil company Petrobras. The company's shares plunged more than 21% on news that the government nominated an army general with no oil and gas industry experience as its new CEO.