Brazil

• Saturday, August 8th 2020 - 08:15 UTC

  July inflation in Brazil, 0,36%, only transport, fuel and housing increased

  

  Brazilian inflation in July rose the most in four years, figures showed on Friday, driven by fuel and housing costs, although the annual measure remained significantly below the central bank’s year-end target. The IPCA index rose 0.36% in July, government statistics agency IBGE said.

• Saturday, August 8th 2020 - 07:55 UTC

  Brazilian billionaire will fund the building to produce the Oxford/AstraZeneca vaccine in Sao Paulo

  

  Brazilian billionaire Jorge Lemann's foundation and other business interests will fund the building of the factory to produce the Covid-19 vaccine being developed by Oxford University and pharmaceutical company AstraZeneca.

• Saturday, August 8th 2020 - 07:20 UTC

  Brazil estimates record soybean crop of 130,5 million tons in 2021; wheat imports could climb to 7,3 million tons

  

  Brazilian soybean production is expected to increase some five million tons in the 2020/21 harvest to a record 130,5 million tons, according to Daniel Amaral, chief economist of the Brazilian Association of Vegetable Oil Industries (Abiove). Based on this crop oilseed exports could reach 80 million tons in 2021, while domestic crushing could reach a new annual record of 45 million tons.

• Thursday, August 6th 2020 - 09:26 UTC

  Brazil doubled oil exports during July

  

  Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to data released by the Foreign Trade Secretariat, Secex.

• Thursday, August 6th 2020 - 09:24 UTC

  Brazil's aircraft manufacturer Embraer, reports losses of US$ 315 million

  

  Brazilian aircraft manufacturer Embraer reported second-quarter losses of US$ 315 million on Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.

• Thursday, August 6th 2020 - 09:19 UTC

  Brazil's central bank cuts Selic lending rate to a record low of 2%

  

  Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.

• Thursday, August 6th 2020 - 08:01 UTC

  Petrobras opens bidding notice for the lease of Regasification Terminal in Bahia

  

  Brazil oil giant Petrobras released a bidding notice for the lease of the Bahia LNG regasification terminal (TR-BA) and its associated facilities. The bidding will be restricted to companies accepted in the prequalification call which will follow pre-established criteria.

• Wednesday, August 5th 2020 - 08:50 UTC

  Leading Brazilian private bank admits difficulties with loan default

  

  Itaú Unibanco Holding SA’s Chief Executive Candido Bracher said on Tuesday that next year he sees Brazil’s 90-day default ratio reaching higher levels than in a previous crisis.

• Wednesday, August 5th 2020 - 08:07 UTC

  For the fifth week running Brazil central bank survey reveals increased optimism on the economy

  

  The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.

• Wednesday, August 5th 2020 - 07:54 UTC

  Brazil: controversy as to when the country's labs can start making Covid-19 vaccines

  

  Brazilian officials say they can start making COVID-19 vaccines developed by British and Chinese researchers within a year. Experts say it will take at least twice as long, leaving Brazil reliant on imports to slow the world's second-worst outbreak.