Brazil

Tuesday, June 2nd 2020 - 09:00 UTC
Brazilian economy forecasted to contract 6,25% and rebound 3,5% in 2021

Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.
Tuesday, June 2nd 2020 - 08:57 UTC
Helped by a weaker currency, record export of Brazilian soybean to China

Brazil's May soybean exports jumped 45% on the year to reach 15.5 million tons, the second-highest monthly soy shipment ever, the latest foreign trade department data released on June first showed, with a hefty 74% of this volume bound for China.
Monday, June 1st 2020 - 08:57 UTC
Trump delivers to his friend Bolsonaro two million doses of hydroxychloroquine

The United States has delivered two million doses of the anti-malarial medicine hydroxychloroquine (HCQ) to Brazil to fight COVID-19, the White House said Sunday, though the drug has not been proven effective against the coronavirus.
Monday, June 1st 2020 - 08:55 UTC
Brazil becomes the country with Covid-19 fourth highest deaths toll: 29,314

Brazil reported a record 33,274 new cases of the new coronavirus this weekend, the health ministry said, and the death toll surpassed that of France and now ranks below only the United States, Britain, and Italy.
Monday, June 1st 2020 - 08:52 UTC
Bolsonaro leads protests against Congress and the Supreme Court

Brazilian President Jair Bolsonaro joined supporters protesting against Congress and the Supreme Court in Brasilia on Sunday, stoking concerns of an institutional crisis in the nation that now has the world's second-highest number of coronavirus cases after the US.
Monday, June 1st 2020 - 07:48 UTC
Brazil's plane manufacturer Embraer expects to obtain a US$ 600 million credit from government

Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.
Monday, June 1st 2020 - 07:40 UTC
Latam Brazil bailout could be delayed until at least July

LATAM Airlines Group's U.S. bankruptcy filing last week will delay its potential bailout in Brazil to at least July and also push back aid to its rivals at least through the end of June.
Saturday, May 30th 2020 - 08:49 UTC
Sao Paulo City will gradually lift lockdown beginning Monday June first

Despite a record number of new coronavirus cases reported in Brazil this week, Sao Paulo –the largest city in South America and home to Brazil's financial hub– will allow shops and malls to reopen after two months of loosely enforced quarantine.
Saturday, May 30th 2020 - 08:48 UTC
Brazil surpasses Spain and becomes fifth highest in number of virus fatalities

Brazil on Friday reached 27,878 coronavirus deaths, official figures showed, surpassing the toll of hard-hit Spain and making it the country with the fifth-highest number of fatalities. The epicenter of the South American coronavirus outbreak, Brazil saw 1,124 deaths in 24 hours, the Ministry of Health said.
Saturday, May 30th 2020 - 08:43 UTC
Brazilian reporters withdraw from presidential palace coverage because of attacks by Bolsonaro followers

Brazil's four largest news media outlets said they have withdrawn their reporters from coverage of President Jair Bolsonaro's official residence due to the lack of security to protect them from heckling and abuse by his supporters.