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.
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.
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.
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.
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.
More changes are in the pipeline, announced Brazilian president Jair Bolsonaro, after replacing the CEO of the country's oil and gas giant Petrobras with a former general. The move had an immediate impact in markets given the confidence investors had in the removed University of Chicago educated economist, Roberto Castello Branco.
Brazilian President Jair Bolsonaro on Friday sacked a market-friendly economist as CEO of Petrobras and named a retired general to replace him, following on disputes over diesel prices that threatened a major teamsters stoppage.
Rio de Janeiro's police launched an investigation into reports that doses of the coronavirus vaccine may have been diverted after images emerged of healthcare workers sticking needles into elderly people without injecting them.
Brazil surpassed 10 million confirmed coronavirus cases on Thursday, according to a running tally by US-based Johns Hopkins University. With 10,030,626 confirmed cases to date, the country has the third-highest number of infections after the US and India. Brazil recorded more than 49,000 new cases on Thursday.
A new poll shows that the grand majority of Europe’s people favors implementing effective protections of the Brazilian Amazon, ending deforestation there, before the EU agrees to ratify the free trade agreement with Mercosur (composed of Brazil, Argentina, Paraguay and Uruguay).