Brazil

Tuesday, January 26th 2021 - 09:40 UTC
Ex Brazilian president Michel Temer contracted as an advisor for Huawei's 5G

China's Huawei has just hired a former president of Brazil to act as an advisor on 5G networking in the region. Through the new hiring, the company aims at ensuring the growth of the newer and faster bandwidth in the local market just prior to the auction for 5G wireless networks.
Tuesday, January 26th 2021 - 09:30 UTC
Petrobras oil output hits record in 2020, 2,3 million bpd

By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.
Monday, January 25th 2021 - 09:50 UTC
Protests in Brazil against Bolsonaro for his handling of the pandemic

Brazilians took the streets over the weekend calling for the impeachment of President Jair Bolsonaro, who is under fire for his government's handling of COVID-19, which has raged through the country claiming more than 216,000 lives and 8,9 million contagions.
Friday, January 22nd 2021 - 09:40 UTC
Bolsonaro sends Biden a three page letter calling for deeper bilateral relations

Striking a conciliatory tone, Brazilian president Jair Bolsonaro made public a three-page letter congratulating president Joe Biden and calling for the two nations to deepen ties, including a free trade agreement.
Friday, January 22nd 2021 - 09:08 UTC
Brazilian meatpacker announces China has lifted bans on two processing plants

Brazilian meatpacker JBS SA announced that China has lifted bans on two meat plants imposed in 2020 over coronavirus concerns.
Friday, January 22nd 2021 - 08:32 UTC
Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.
Thursday, January 21st 2021 - 09:29 UTC
South American leaders congratulate Joe Biden and Kamala Harris

Leaders of South America congratulated and celebrated the new United States administration on Wednesday as President Joe Biden and Vice President Kamala Harris were officially inaugurated.
Thursday, January 21st 2021 - 08:57 UTC
Sao Paulo and Mato Grosso concentrated 42% of Brazilian beef exports in 2020

The states of Sao Paulo and Mato Grosso led Brazilian beef exports in 2020, a record year for the country with total sales of 2,016 million tons. Data from SECEX (the Brazilian foreign-trade secretariat) compiled by ABRAFRIGO (the Brazilian meatpackers association) point out that São Paulo shipments totaled 439,900 tons, or 21.8% of the total, while shipments from Mato Grosso reached 407,700 tons or 20.2% of the total.
Wednesday, January 20th 2021 - 09:54 UTC
Brazil sets out its position ahead of US president Joe Biden's administration

President Jair Bolsonaro’s government, which embraced both the Trump administration and its core ideals, wants president Joe Biden to know where Brazil stands and it’s not about to reverse course in response to the change of U.S. leadership.
Tuesday, January 19th 2021 - 09:27 UTC
With Trump leaving, Brazil backtracks in its opposition to Huawei's 5G bid

China's telecommunications sector is celebrating that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G bid. Brazil will not seek to bar the Chinese telecommunication giant from its 2021 5G network auctions in June, according to reports published in the newspaper Estado de S. Paulo.