Brazil

Wednesday, April 29th 2020 - 07:49 UTC
Bolsonaro confirms appointment of a close family friend as Brazil's top cop

Brazilian President Jair Bolsonaro on Tuesday named a family friend to head the federal police, days after his justice minister quit, and accused the president of meddling in law enforcement for political motives.
Wednesday, April 29th 2020 - 07:41 UTC
China's imports of Brazilian soybeans drop 24.8% during March over a year ago

Brazilian soybeans imports to China during the month of March dropped 24.8%, over the same month last year. The data was released by the Chinese General Customs Administration last Sunday, April 26, and shows soy imports from Brazil reached 2.1 million tons in March, compared to 2.79 million tons in the same period last year.
Tuesday, April 28th 2020 - 06:55 UTC
“Brazil on the path to prosperity, not in the path of despair as Argentina and Venezuela”

“We're on another path, the path of prosperity, not in the path of despair”, said Brazilian economy minister Paulo Guedes when asked about Argentina's decision to partially abandon Mercosur. It was also an opportunity for president Jair Bolsonaro to openly express support for his the “super” minister, who seemed strongly weakened following the forced resignation of the other “super” minister Sergio Moro.
Monday, April 27th 2020 - 07:59 UTC
Mercosur: Argentina only interested in block's negotiations with Europe

In the midst of the chaotic situation caused by the pandemic, the Argentine government announced the abandonment of Mercosur negotiations to prioritize the country’s domestic economy and the struggle against the virus. The rest of the bloc members must evaluate legal, institutional, and operational measures emerging from the decision.
Monday, April 27th 2020 - 07:45 UTC
Collapse of Boeing deal plunges Brazilian plane maker Embraer into an uncertain future

Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
Saturday, April 25th 2020 - 08:57 UTC
Brazil in turmoil following the resignation of Moro complaining of “political interference” from Bolsonaro

Sergio Moro, Brazil's justice and security minister resigned on Friday after clashing with President Jair Bolsonaro over the sacking of the federal police chief. Moro, a former anti-corruption judge, hit out at “political interference” in the federal police, saying he could not do his job without “autonomy” for the force.
Saturday, April 25th 2020 - 08:50 UTC
Brazilian stocks plunge 9.6% and the Real sets a new record low

Brazilian stocks sank as much as 9.6%, and the Real slid to new lows on Friday as political turmoil in the country added to mounting concerns over the coronavirus outbreak, while risk aversion ravaged Latin American markets.
Friday, April 24th 2020 - 08:42 UTC
Falklands/Chile commercial airlink will remain suspended until June

While the Atlantic Airbridge between the Falkland Islands and Brize Norton continues to service normally and is crucial for sending swab tests to labs in the UK, the two commercial flights to the Islands, one from Chile and the most recent from Brazil remain suspended.
Friday, April 24th 2020 - 08:33 UTC
Brazil's Justice minister Moro threatens to resign if Bolsonaro changes head of the Federal Police

Brazilian Justice Minister Sergio Moro has threatened to resign if President Jair Bolsonaro goes ahead with plans to change the head of the federal police, according to reports in the daily O Estado de Sao Paulo. Moro insists it is the Justice minister that must appoint the Federal Police chief.
Friday, April 24th 2020 - 08:28 UTC
Brazil's Real remains at record low: overstretched budget and another interest rate cut next week

Brazil's Real eyed a fresh record low on Thursday, while other Latin American currencies were muted as markets mulled over increasingly dire economic readings due to the coronavirus.