Brazil

Friday, February 14th 2020 - 09:50 UTC
Lula receives papal blessing at the Vatican; not a word in Francis official agenda

Former Brazilian President Lula da Silva met on Thursday with Pope Francis at the Vatican, received a papal blessing and said the two discussed prospects for a “more just and fraternal world.”
Friday, February 14th 2020 - 08:47 UTC
Brazil's Real among the worst performing currencies this year, shrinks 8%

Brazil’s currency fell below 4.35 reais per dollar for the first time this week, as weaker-than-expected retail sales figures gave renewed impetus to the selling that has picked up notable momentum in recent days.
Thursday, February 13th 2020 - 10:15 UTC
Argentina/Falklands dispute at the Badminton Pan Am Cup 2020 in Brazil

Argentina is threatening a Falkland Islands team to play under the name “Islas Malvinas” or to pull out of an international competition, it has been claimed. Falkland Islands Badminton are vowing to “not give in to bullies” amid alleged tensions ahead of the Badminton Pan Am Male & Female Cup 2020, which is due to commence on Thursday.
Thursday, February 13th 2020 - 10:10 UTC
Bolsonaro-Alberto Fernandez summit and “cordial embrace” in Montevideo next March first

Brazilian president Jair Bolsonaro has proposed a meeting with his Argentine peer Alberto Fernandez on March first in Montevideo when Uruguayan president-elect Luis Lacalle Pou takes office. The information was announced by Argentine foreign minister Felipe Solá, after meeting president Bolsonaro for fifty minutes at his office in Brasilia.
Thursday, February 13th 2020 - 10:08 UTC
Brazilian economic model is changing, “lower interest rates and a weaker Real”

Brazilian Economy minister Paulo Guedes said that the economic model has changed and no long is made up of high interest rates and a strong Real. His comments follow concerns that the exchange rate of the Real against the US dollar has been increasing sustainedly for the last few days.
Wednesday, February 12th 2020 - 09:45 UTC
Brazilian minister Guedes apologizes for calling state employees as “parasites”

Brazilian Economy Minister Paulo Guedes apologized on Monday for using the term “parasite” to describe state employees, risking a backlash as the government tries to push forward a bill that would reduce public sector costs and benefits.
Wednesday, February 12th 2020 - 09:32 UTC
Brazilian governor believes less protection of sugar will mean lower prices for consumers

The governor of Sao Paulo said on Monday at an industry conference that less protection of sugar would guarantee better access and lower prices for consumers. “Sugar is the most protected product in the market, the reduction of tax and non-tax barriers would guarantee better access,” Joao Doria said in his opening remarks at a three-day industry meet in Dubai.
Wednesday, February 12th 2020 - 09:00 UTC
Moody's presents a positive outlook for Brazil's sovereign credit profile

Capital outflows from Brazilian asset markets and the Real's slide to new all-time lows against the U.S. dollar pose little threat to Brazil's sovereign credit profile, ratings agency Moody's said on Monday.
Wednesday, February 12th 2020 - 08:41 UTC
Brazilian and Indonesia billionaires clash over the sale of a US$ 3.5bn pulp mill

The business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States.
Wednesday, February 12th 2020 - 08:40 UTC
Chinese company confident it will start its US$ 2,1 billion iron ore project in Brazil

Chinese mining company Sul Americana de Metais (SAM), a unit of China’s Honbridge Holdings, is confident it will receive the necessary permits to start up its US$ 2.1 billion iron ore project in Minas Gerais, its chief executive said.