Brazil

• Thursday, February 6th 2020 - 08:17 UTC

  Brazilian central bank cuts interest rate to 4.25%, but the easing cycle could be coming to an end

  

  Brazil’s central bank intends to hold interest rates going forward to consider the impact of the record-breaking monetary easing cycle it concluded on Wednesday with a quarter-point cut.

• Wednesday, February 5th 2020 - 07:18 UTC

  Consolidation and a FPSO platform in Brazil's Campo Basin

  

  Brazil’s PetroRio SA has acquired a floating oil and gas platform type FPSO OSX-3 for US$140 million and 80% of the Tubarão Martelo oil field where the vessel is located, the field’s previous owner Dommo Energia SA said.

• Wednesday, February 5th 2020 - 07:15 UTC

  Brazilian meat industry confident the situation in China will boost demand for Mercosur poultry and beef

  

  Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.

• Wednesday, February 5th 2020 - 07:10 UTC

  Brazil posts trade deficit in January, the first in five years: exports dropped 20%

  

  Brazil posted a trade deficit of US$1.745 billion in January, official data showed on Monday, the first shortfall for the month of January in five years and an indication that trade might continue to be a drag on overall economic growth.

• Tuesday, February 4th 2020 - 07:15 UTC

  Mexico targeting the “very closed” Brazilian economy expects to negotiate a trade deal

  

  Mexico is negotiating with Brazil to expand economic cooperation and believes it can find areas of mutual benefit even though the Brazilian economy is “very closed,” Economy Minister Graciela Marquez said on Friday.

• Tuesday, February 4th 2020 - 06:46 UTC

  Brazil investing heavily in tourism industry; visa waiver for main outbound markets

  

  The number of Americans booking flights to Brazil has jumped 39% since the government of President Jair Bolsonaro waived a visa requirement for U.S. citizens in June, according to its official tourism agency, which is devising plans to draw more.

• Monday, February 3rd 2020 - 07:59 UTC

  Despite the rhetoric, Argentina close military collaboration with the US and Brazil

  

  Last week the Argentine lower house of Congress, voted 214–2 to allow the “entry of foreign troops” and the participation of Argentine troops in exercises abroad. Several of the military exercises listed in the bill are being organized and financed by the Pentagon.

• Friday, January 31st 2020 - 08:58 UTC

  Brazilian Executive and Congress pledge to pass “administrative reform” bill

  

  Brazil’s government will submit a bill that would reduce public sector costs and benefits and make it easier to fire workers to Congress “in a week or two,” Economy Minister Paulo Guedes said on Thursday.

• Friday, January 31st 2020 - 08:48 UTC

  Heavy rains and flooding forecasted for Asuncion, Paraguay and Porto Alegre, Brazil

  

  Although flooding rain has already hit parts of Brazil so far in 2020, more rain and flooding could strike the southern part of the country in the coming week. In addition to southern Brazil, other parts of South America may also be threatened.

• Friday, January 31st 2020 - 08:45 UTC

  Petrobras asks Sao Paulo stock exchange to withdraw it from good governance certification

  

  Brazilian state-run oil firm Petrobras said it has asked to withdraw its participation in a program certifying good governance and limited political interference in state companies set up by the Sao Paulo stock exchange.