Brazil

• 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.

• Wednesday, August 5th 2020 - 07:48 UTC

  Itaipú dam generates more power to help Paraguayan barges with soybeans reach the River Plate

  

  Just over two months after completing a special outflow to increase the level of the drought-stricken Paraná River, the world largest operational hydroelectric dam, Itaipu, located on the border of Brazil with Paraguay, will increase energy production to help sailing along the huge South American water artery.

• Tuesday, August 4th 2020 - 10:29 UTC

  Major assets' management fund drops JBS shares based on the Brazilian company environment record

  

  Nordea Asset Management has decided to exclude shares of JBS SA worth about 40 million Euros from all of its funds this month based on the company’s environmental record and response to the COVID-19 pandemic, according to a statement released on Tuesday.

• Tuesday, August 4th 2020 - 10:29 UTC

  Seventh Brazilian minister, chief of staff, tested positive for Covid-19

  

  Brazilian President Jair Bolsonaro's chief of staff, Army General Walter Souza Braga Netto, has tested positive for COVID-19, his office said on Monday (Aug 3), becoming the seventh Brazilian minister to have contracted the disease.