Brazil

• Saturday, February 29th 2020 - 07:49 UTC

  Brazil's beef industry hit by drop in Chinese demand; cattle price down 10% in January

  

  China’s beef imports will fall in the first half of 2020 due to fallout from the coronavirus outbreak, which is complicating the circulation of people and trade globally, Rabobank said in a report released on Thursday.

• Saturday, February 29th 2020 - 07:44 UTC

  Merrill Lynch and JP Morgan cut Brazil's 2020 economic growth to below 2%

  

  Bank of America Merrill Lynch cut its 2020 Brazilian economic growth outlook to under 2.0%, while JP Morgan reduced its outlook for Latin America’s largest economy even further below the threshold that many observers say is highly sensitive for President Jair Bolsonaro’s administration.

• Friday, February 28th 2020 - 07:45 UTC

  Amnesty International: Major human rights events in the Americas 2019

  

  Amnesty International has documented grave violations of human rights in 2019 in 24 countries across the Americas. Examples of the major human rights events analyzed include:

• Thursday, February 27th 2020 - 08:49 UTC

  Brazilian markets reopen to a shock and the Real weakens to a new low

  

  Brazil's Real touched a record low on Wednesday as traders returned from the Carnival holiday only to be alarmed by concerns about the spread of the new coronavirus after Sao Paulo confirmed its first case. The Real weakened 1.1% to 4.4470 against the dollar, as it led declines among other Latin American currencies.

• Wednesday, February 26th 2020 - 09:40 UTC

  First case of Covid-19 confirmed in Sao Paulo, Brazil

  

  Brazil's Ministry of Health, in conjunction with the state and municipal departments of São Paulo, has confirmed a case of Coronavirus disease in the municipality of São Paulo. The business man had travelled this month to the north of Italy.

• Monday, February 24th 2020 - 06:38 UTC

  Petrobras workers end three weeks strike, after arbitration call by labor court

  

  Workers at Brazil’s state-owned oil giant Petrobras have ended a strike of nearly three weeks that left the firm scrambling to avoid a drop in production, labor unions said last Friday. Around 21,000 workers — a third of the total workforce — joined the mass walk-out at the start of the month.

• Monday, February 24th 2020 - 06:33 UTC

  Petrobras record profit for 2019, basically on divesting and asset sales

  

  Brazil’s state-run oil firm Petrobras reported last week a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and focus on the deepwater pre-salt region offshore Brazil.

• Saturday, February 22nd 2020 - 10:02 UTC

  Bolsonaro wants electric carmaker Telsa to open a factory in Brazil

  

  President Jair Bolsonaro said on Friday he would try to convince electric carmaker Tesla to open a factory in Brazil when he heads to the United States next month. Bolsonaro, who will visit Miami and Dallas on March 9 and 10, said on Twitter that “our extensive agenda will include the possibility of bringing Tesla to Brazil.”

• Saturday, February 22nd 2020 - 09:35 UTC

  US open market to Brazilian raw beef; breeders lobby protests and promise “an eagle eye” to ensure sanitary quality

  

  The United States government has decided to once again allow raw beef products to be imported into the US from Brazil, a move that has angered some cattlemen and food safety groups who are voicing concerns about the quality of the meat.

• Saturday, February 22nd 2020 - 09:24 UTC

  Intense rains in Brazil limiting soybean harvest and delaying exports

  

  Intense rains in parts of Brazil have limited the advance of the soybean harvest over the past few days while also delaying exports of the oilseed, agribusiness consultancy Arc Mercosul said on Friday.