Brazil

• Wednesday, January 13th 2021 - 09:14 UTC

  Brazilian interest rates in the next 24 months expected to rise steadily

  

  The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.

• Wednesday, January 13th 2021 - 09:11 UTC

  Brazilian 2020 inflation 4,5%, but food prices skyrocketed 14,1%

  

  Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.

• Tuesday, January 12th 2021 - 08:56 UTC

  Ford after a century in Brazil, closes its three factories with a loss of 5,000 jobs

  

  Carmaker Ford said on Monday losses exacerbated by the coronavirus epidemic and fiscal uncertainties would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

• Monday, January 11th 2021 - 09:40 UTC

  Covid-19: Brazil reduces to zero import tariffs for syringes and needles

  

  Brazil has reduced import taxes and tariffs to zero for products used to combat Covid-19, including syringes and needles classified under codes 9018.31.11, 9018.31.19, 9018.31.90, 9018.32.19, and 9018.39.10 of the Mercosur Common Nomenclature. The products are included in the list of temporary tariff reductions covered by Gecex (Executive Management Committee of the Chamber of Foreign Trade), Resolution 17, from 17 March 2020.

• Monday, January 11th 2021 - 09:01 UTC

  Japan detects a new coronavirus variant in travelers from Brazil's Amazon

  

  A new coronavirus variant has been detected in four travelers from Brazil's Amazonas state, Japan's Health Ministry said on Sunday the latest new mutation of the virus discovered.

• Monday, January 11th 2021 - 08:34 UTC

  China/Brazil sea freight prices soar, almost five times higher than six months ago

  

  Sea freight on the China-Brazil route has soared and reached an unprecedented US$ 10,000 per TEU, according to importers and shipping companies operating in the port of Santos.

• Saturday, January 9th 2021 - 09:49 UTC

  Brazil industrial production rose for seventh consecutive months in November

  

  Brazil's industrial production rose for the seventh consecutive month in November, boosted by the output of motor vehicles and clothing. Production rose a seasonally adjusted 1.2% in November and increased 2.8% from the same month a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE, said on Friday.

• Friday, January 8th 2021 - 08:42 UTC

  China Biotech vaccine tested 78% effective in Brazil trial, but doubts remain

  

  A coronavirus vaccine developed by China's Sinovac Biotech was 78% effective in a late-stage Brazilian trial with no severe COVID-19 cases, researchers said on Thursday, although a lack of data details stirred calls for more transparency.

• Friday, January 8th 2021 - 08:39 UTC

  Rupture of dam in Brazil compensation could reach US$ 5,3bn

  

  The Brazilian state of Minas Gerais is hoping to win at least 28 billion reais (US$ 5.3 billion) from a compensation deal with miner Vale SA after the 2019 Brumadinho deadly dam burst, a senior state official said on Thursday.

• Thursday, January 7th 2021 - 09:45 UTC

  Brazilian leading meatpackers linked to ranches that use slave labor

  

  An investigation published this week showed six Brazilian meatpacker firms bought cattle from ranches that used slave labor. Labor experts suggested on Wednesday that the firms must clean up their supply chains.