Brazil’s CNPE national energy council approved a resolution that establishes rules allowing producers of hydrated ethanol fuel to sell directly to gas station owners, according to a statement. Oil regulator ANP will now be able to take steps to put the new rules into practice, the statement said.
The Brazilian Real and Mexican peso have both rebounded strongly in recent weeks, but their rallies are starting to diverge with the peso running out of steam and the Real gaining momentum.
Brazilian President Jair Bolsonaro has failed in managing the coronavirus crisis, teenage climate activist Greta Thunberg said on Friday, a day after a record rise in deaths in the South American nation.
President Jair Bolsonaro threatened on Friday to pull Brazil out of the World Health Organization after the U.N. agency warned governments about the risk of lifting lockdowns before slowing the spread of the novel coronavirus.
Brazil posted a net foreign exchange inflow of US$ 3.1 billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.
Brazil registered a record number of daily deaths from the novel coronavirus for a second consecutive day, according to Health Ministry data released on Wednesday, even as city and state authorities move aggressively to open commerce back up.
The Brazilian municipality of Parauapebas, in the state of Pará, which houses part of the Serra dos Carajás, where the largest open-cast iron ore mine in the world is located, will carry out mass testing for Covid-19, reaching about half the population.
Last month, Brazilian exports totaled US$17.94 billion and imports, US$13.392 billion, which generated a trade surplus of US$4.548 billion. On the export side, there was a 4.2% decline in the daily export average from US$936.02 million in May 2019, to US$896.98 million in May 2020. In relation to imports, there was a 1.6% decline in the daily average over the same comparison period, from US$680.37 million to US$669.58 million.
Brazil surpassed 30,000 deaths from the coronavirus outbreak on Tuesday as the disease continued to rip through South America's worst-hit country. Figures released by the health ministry showed a new record 1,262 deaths in the previous 24 hours, as well as 28,936 new infections.
Hundreds of demonstrators converged on the square in front of the Rio de Janeiro state government palace Sunday, protesting crimes committed by the police against black people in the Brazilian city’s poor neighborhoods, known as favelas.