Brazil

Tuesday, March 10th 2020 - 08:15 UTC
Black Monday cocktail: oil price war and coronavirus trigger market panic

World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.
Tuesday, March 10th 2020 - 06:32 UTC
Global breweries expanding their business in Brazil

Heineken NV will invest 865 million reais (US$183.14 million) to expand its Ponta Grossa brewing plant in Brazil, the company said on Monday, as competition between the world's two largest beer makers bubbles up.
Monday, March 9th 2020 - 08:54 UTC
Trump and Bolsonaro discuss Venezuela and a bilateral trade accord

United States President Donald Trump hosted Brazilian president Jair Bolsonaro for dinner at his Mar-a-Lago resort in Florida on Saturday, where the two leaders discussed the U.S.-led effort to oust Venezuelan President Nicolas Maduro and spoke about a future trade deal.
Monday, March 9th 2020 - 08:53 UTC
Joint Statement from president Trump and president Bolsonaro

Today (Saturday 7 March) , President Donald J. Trump and President Jair Bolsonaro of Brazil reaffirmed the strategic alliance between the United States and Brazil, deepening the partnership between their two countries. The two leaders focused on increasing economic prosperity, strengthening democracy, and promoting peace and security.
Monday, March 9th 2020 - 07:49 UTC
Germany's Thyssen and Embraer to build four frigates for the Brazilian Navy

A consortium formed by Germany's Thyssenkrupp AG and Brazilian plane maker Embraer SA signed a deal to deliver four frigates to Brazil's navy between 2025 and 2028, the companies said in a statement.
Saturday, March 7th 2020 - 06:40 UTC
Trump receives Bolsonaro for dinner at the president's Mar-a-Lago resort

US President Donald Trump will meet with Brazilian President Jair Bolsonaro in Florida on Saturday to discuss trade, infrastructure, Venezuela and the Middle East, the White House said in a statement on Friday.
Friday, March 6th 2020 - 11:00 UTC
“If I mess up”, the US dollar could reach 5 Real, admits Brazil's minister Guedes

Brazil’s economy minister blamed the Real’s slide to an all-time low on the coronavirus outbreak and said the currency could weaken to as much as 5 per dollar if he “messes up.” Paulo Guedes said the Real is weakening largely due to the economic impact of the epidemic, rather than a change in the country’s risk perception.
Friday, March 6th 2020 - 08:48 UTC
Latin American currencies weakened on Thursday's; Brazil Real slides to a record low

Latin American stocks and currencies weakened on Thursday, with Brazil's real slipping to yet another record low, as the rapid spread of the coronavirus sapped risk appetite and investors worried about the scale of the economic fallout.
Thursday, March 5th 2020 - 08:46 UTC
Frustrating Brazilian economic growth in 2019: less than half the forecast at the start of the year

Brazil’s economy expanded by 1.1% in 2019, marking a third straight year of frustrating activity following a massive recession, according to data released on Wednesday.
Thursday, March 5th 2020 - 08:40 UTC
Brazil and Argentina disputing the presidency of the Inter American Development Bank

Brazil plans to push for its own candidate to lead the Inter-American Development Bank, vying with Argentina for the regional lender’s top job, as President Jair Bolsonaro seeks to capitalize on the political alliance with his U.S. counterpart Donald Trump.