Brazil

Friday, April 24th 2020 - 08:42 UTC
Falklands/Chile commercial airlink will remain suspended until June

While the Atlantic Airbridge between the Falkland Islands and Brize Norton continues to service normally and is crucial for sending swab tests to labs in the UK, the two commercial flights to the Islands, one from Chile and the most recent from Brazil remain suspended.
Friday, April 24th 2020 - 08:33 UTC
Brazil's Justice minister Moro threatens to resign if Bolsonaro changes head of the Federal Police

Brazilian Justice Minister Sergio Moro has threatened to resign if President Jair Bolsonaro goes ahead with plans to change the head of the federal police, according to reports in the daily O Estado de Sao Paulo. Moro insists it is the Justice minister that must appoint the Federal Police chief.
Friday, April 24th 2020 - 08:28 UTC
Brazil's Real remains at record low: overstretched budget and another interest rate cut next week

Brazil's Real eyed a fresh record low on Thursday, while other Latin American currencies were muted as markets mulled over increasingly dire economic readings due to the coronavirus.
Friday, April 24th 2020 - 08:25 UTC
With oil royalties plummeting, Rio state challenged by investment funds

Already grappling with one of Brazil’s most severe outbreaks of the novel coronavirus and a budget deep in the red, Rio de Janeiro state faces a potential threat to its solvency at the hands of investment giants PIMCO and Dodge & Cox.
Friday, April 24th 2020 - 07:08 UTC
Indonesia opens market for beef imports from Argentina and Brazil

Indonesia has issued permits to import 20,000 tons of beef from Brazil or Argentina, the Trade Ministry’s director-general of domestic trade, Suhanto, told parliament on Thursday
Thursday, April 23rd 2020 - 10:52 UTC
Brazil orange juice 2019/20 harvest exports increased 18% in volume and 6% in value

Total Brazilian orange juice exports (FCOJ Equivalent to 66º Brix) registered an 18% increase in the first nine months of the 2019/20 harvest compared to the same period in the previous harvest. A total of 861,700 tons were shipped during the period, compared to 732,048 tons during the same period of the 2018/19 harvest. Revenues increased 6% to a total of US$1.445 billion compared to US$1.369 billion in the previous harvest.
Thursday, April 23rd 2020 - 09:20 UTC
Brazilian currency falls to an all-time low of 5,40 to the US dollar; this year it has lost 25% of its value

Brazil’s Real fell on Wednesday to a fresh all-time low close to 5.40 per dollar, as expectations intensified that the central bank will cut interest rates significantly in the coming weeks to combat the coronavirus-fueled economic crisis.
Monday, April 20th 2020 - 08:56 UTC
Bolsonaro holds a “patriots” meeting and challenges lockdown measures

Brazil's president Jair Bolsonaro on Sunday again attended a public rally and attacked lockdown measures meant to fight the coronavirus, as supporters of the right-wing leader joined political motorcades around the country.
Monday, April 20th 2020 - 07:37 UTC
Brazilian central bank estimates economy will begin to recover in the fourth quarter

Brazil's central bank president Roberto Campos Neto said this weekend that Latin America's largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media.
Saturday, April 18th 2020 - 19:56 UTC
Argentina and Brazil trying to lift the water level of the Parana River, in the heartland of the soy belt

The governments of Argentina and Brazil are in talks to release water from the giant Itaipu Dam with a view to topping up the Parana River, where ebbing levels are conspiring against a US$ 20-billion-a-year crop export business.