Brazil

Thursday, September 3rd 2020 - 08:56 UTC
Bolsonaro's popularity soars as he extends payments for low income Brazilians until 2021

Brazil’s President Jair Bolsonaro extended until the end of the year payments for low-income Brazilians hit by the economic fallout from the COVID-19 pandemic, a program that has boosted his popularity but created tension with his finance team.
Thursday, September 3rd 2020 - 08:49 UTC
Brazil with record trade surplus in August, despite an overall fall in global transactions

Brazil obtained a record trade surplus of US$ 6,6 billion during the month of August, the highest for the month since 1989. However overall dropped with exports sliding 5.5% to US$ 17,741bn and imports, 25,1%, to US$ 11,133bn. In eight months the trade surplus reached US$ 36,594bn, the third-best historically in the last forty years.
Thursday, September 3rd 2020 - 08:00 UTC
Brazilian Football Confederation approves equal pay for women and men's national teams

The Brazilian Football Confederation says it agreed in March to pay women’s national team players the same as their peers on the men’s side, it was reported Wednesday. Brazil thus becomes one of the few countries to adopt an equal pay policy for both women’s and men’s football.
Wednesday, September 2nd 2020 - 09:50 UTC
Brazil/Argentina spat over non automatic import licenses delaying Mercosur bilateral trade

Brazil expressed its disenchantment with the Argentine policy of delaying the approval of the so-called nonautomatic import licenses which has seen millions of dollars in sales held at the border. This situation has been increasing in recent months, in what is considered a breach of bilateral accords in the framework of Mercosur agreements, and the World Trade Organization, WTO, rules.
Wednesday, September 2nd 2020 - 09:45 UTC
Brazilian economy is back to 2009 size, following a 11,4% contraction in the second quarter

Brazil’s economy shrank in the second quarter by the most on record as anti-coronavirus lockdown measures slammed activity in almost every sector, dragging Latin America’s largest economy back to the size it was in 2009.
Wednesday, September 2nd 2020 - 09:12 UTC
JPMorgan Chase & Co transfers private banking clients in Brazil to a local lender

JPMorgan Chase & Co (JPM.N) has reached an agreement with Brazil’s Banco Bradesco SA (BBDC4.SA) to potentially transfer its private banking clients to the Brazilian lender, according to a document filed by Bradesco.
Wednesday, September 2nd 2020 - 08:20 UTC
Paraguayan wheat exports drop 42% in July because of stricter controls in Brazil

The Paraguayan Chamber of Cereals and Oilseed exporters and traders, Capeco reported that the country's exports fell by 42.2% in July, with 267,949 tons, compared to 464,005 tons shipped in the previous month. This represents a drop of about 196,056 tons month-on-month.
Tuesday, September 1st 2020 - 08:56 UTC
Brazilian finances deteriorating: seven months primary deficit 11,9% of GDP

Brazil's finances continued to deteriorate in July as the COVID-19 crisis pushed the public sector debt and deficit as a share of the economy to new records, official figures showed on Monday, although not as bad as economists had feared.
Tuesday, September 1st 2020 - 08:45 UTC
Bolsonaro back to surgery: this time to remove a kidney stone

Brazilian President Jair Bolsonaro said on Monday he had been diagnosed with a kidney stone and would undergo surgery in September to remove it. The far-right leader, 65, has had a series of health issues, including four surgeries stemming from an attack in which he was stabbed in the abdomen during his 2018 presidential campaign.
Monday, August 31st 2020 - 09:45 UTC
In just six months Brazil's Covid-19 death toll has overtaken 120.000

Just over six months after registering its first case of the new coronavirus, Brazil crossed the grim threshold of 120,000 people killed by Covid-19 on Saturday, with no end in sight to the crisis.