Brazil’s recent spike in inflation is temporary, central bank President Roberto Campos Neto said, adding, however, that policymakers are monitoring developments closely.
Brazil’s Senate voted overwhelmingly to approve a bill that would establish the autonomy of the central bank to reduce political interference in monetary policy and align the country with other major economies.
Brazil President Jair Bolsonaro on Wednesday refrained from commenting on the potential winner of the tight U.S. election, but reiterated his support for President Donald Trump, and suggested Democratic challenger Joe Biden would interfere on issues like the Amazon rainforest if elected.
State prosecutors in Rio de Janeiro said late they have formally charged against Flavio Bolsonaro, President Jair Bolsonaro's eldest son, over his alleged participation in a scheme to siphon off public funds.
The Brazilian Ministry of Economy released the result of the country's October trade balance, US$ 5.5 billion surplus, but lower than market expectations. The result was again leveraged by the significant retraction in imports, while market expectations were forecasting a US$ 6.1 billion surplus.
Brazilian manufacturing expanded at a record pace in October, a survey of purchasing managers' activity showed on Tuesday, as a rise in employment and export orders to new highs helped extend the sector's strong post-coronavirus recovery.
A U.S. grain export terminal near Baton Rouge, Louisiana, is loading about 38,000 tons of U.S. soybeans on a bulk cargo vessel for shipment to Brazil, according to Southport Agencies shipping lineup.
Brazilian health regulator Anvisa has authorized the resumption of a clinical trial of Johnson & Johnson's experimental COVID-19 vaccine, according to a statement from the government agency on Tuesday.
In a time of so much loss, it is rare for an individual death to stir a country. And it is extraordinary for national grief to be triggered by the passing of a puppet. But so it was in Brazil on Monday, as an outpouring of emotion followed news that the puppeteer behind Louro José – a 2-foot tall parrot that is a fixture on the country’s most popular morning show – had died.
The Brazilian government has announced the launch of a national innovation network focused on artificial intelligence (AI) with the aim of increasing the production capacity and competitiveness of local companies.