Brazil

• Friday, April 24th 2020 - 08:25 UTC

  With oil royalties plummeting, Rio state challenged by investment funds

  

  Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox.

• Friday, April 24th 2020 - 07:08 UTC

  Indonesia opens market for beef imports from Argentina and Brazil

  

  Indonesia has issued permits to import 20,000 tons of beef from Brazil or Argentina, the Trade Ministry’s director-general of domestic trade, Suhanto, told parliament on Thursday

• Thursday, April 23rd 2020 - 10:52 UTC

  Brazil orange juice 2019/20 harvest exports increased 18% in volume and 6% in value

  

  Total Brazilian orange juice exports (FCOJ Equivalent to 66º Brix) registered an 18% increase in the first nine months of the 2019/20 harvest compared to the same period in the previous harvest. A total of 861,700 tons were shipped during the period, compared to 732,048 tons during the same period of the 2018/19 harvest. Revenues increased 6% to a total of US$1.445 billion compared to US$1.369 billion in the previous harvest.

• Thursday, April 23rd 2020 - 09:20 UTC

  Brazilian currency falls to an all-time low of 5,40 to the US dollar; this year it has lost 25% of its value

  

  Brazil’s Real fell on Wednesday to a fresh all-time low close to 5.40 per dollar, as expectations intensified that the central bank will cut interest rates significantly in the coming weeks to combat the coronavirus-fueled economic crisis.

• Monday, April 20th 2020 - 08:56 UTC

  Bolsonaro holds a “patriots” meeting and challenges lockdown measures

  

  Brazil's president Jair Bolsonaro on Sunday again attended a public rally and attacked lockdown measures meant to fight the coronavirus, as supporters of the right-wing leader joined political motorcades around the country.

• Monday, April 20th 2020 - 07:37 UTC

  Brazilian central bank estimates economy will begin to recover in the fourth quarter

  

  Brazil's central bank president Roberto Campos Neto said this weekend that Latin America's largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media.

• Saturday, April 18th 2020 - 19:56 UTC

  Argentina and Brazil trying to lift the water level of the Parana River, in the heartland of the soy belt

  

  The governments of Argentina and Brazil are in talks to release water from the giant Itaipu Dam with a view to topping up the Parana River, where ebbing levels are conspiring against a US$ 20-billion-a-year crop export business.

• Saturday, April 18th 2020 - 16:42 UTC

  Bolsonaro defends sacking health minister and insists in opening up the economy

  

  Brazilian President Jair Bolsonaro on Friday defended his decision to restart economic activity in the middle of the coronavirus pandemic, after sacking his health minister over differences in how to tackle the disease.

• Saturday, April 18th 2020 - 08:15 UTC

  “Italy and Brazil: ex World Cup '82 rivals united against the coronavirus”

  

  They were rivals on the field in one of the greatest World Cup matches of all time but the former stars of Brazil and Italy have come together off it to help the South American nation fight the new coronavirus.

• Thursday, April 16th 2020 - 08:30 UTC

  Brazil's most wanted criminal has been arrested in Mozambique

  

  One of Brazil's most wanted criminals has been arrested in Mozambique after spending more than two decades on the run, officials say. Gilberto Aparecido dos Santos, known as Fuminho, is accused of running drug trafficking operations for one of Brazil's most powerful gangs.